MTS Installations: what changed
Two financial years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
MTS Installations
Largest movements
- Receivables within one year -€15,875
down €15,875 (-16.7%), from €94,934 to €79,059
of which Trade receivables: -€12,815
- Cash +€6,857
up €6,857 (+149%), from €4,596 to €11,453
mainly Receivables within one year (+€15,875) and Depreciation (+€5,476)
- Tangible fixed assets -€5,476
down €5,476 (-39.3%), from €13,939 to €8,463
- Tax, wage and social debts -€6,411
down €6,411 (-11.6%), from €55,256 to €48,845
of which Remuneration and social security: -€10,273
- Trade debts -€5,951
no longer reported in 2024 (was €5,951)
- Profit (loss) carried forward -€1,658
down €1,658 (-3.9%), from €42,262 to €40,604
- Taxes +€11,562
new in 2024: €11,562
- Staff costs -€10,851
down €10,851 (-22.3%), from €48,736 to €37,885
- Gross operating margin +€3,323
up €3,323 (+6.4%), from €52,129 to €55,452
- Depreciation +€2,986
up €2,986 (+120%), from €2,490 to €5,476
From the 2023 result to the 2024 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Derived cash bridge
Derived from the 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €113,469 | €99,449 | -€14,020 | -12.4% |
| Fixed assets | 21/28 | €13,939 | €8,463 | -€5,476 | -39.3% |
| Tangible fixed assets | 22/27 | €13,939 | €8,463 | -€5,476 | -39.3% |
| Furniture and vehicles | 24 | €13,939 | €8,463 | -€5,476 | -39.3% |
| Current assets | 29/58 | €99,530 | €90,986 | -€8,544 | -8.6% |
| Amounts receivable within one year | 40/41 | €94,934 | €79,059 | -€15,875 | -16.7% |
| Trade receivables | 40 | €74,205 | €61,390 | -€12,815 | -17.3% |
| Other amounts receivable | 41 | €20,729 | €17,669 | -€3,060 | -14.8% |
| Cash at bank and in hand | 54/58 | €4,596 | €11,453 | +€6,857 | +149% |
| Deferred charges and accrued income | 490/1 | - | €474 | +€474 | |
| Total equity and liabilities | 10/49 | €113,469 | €99,449 | -€14,020 | -12.4% |
| Equity | 10/15 | €52,262 | €50,604 | -€1,658 | -3.2% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €42,262 | €40,604 | -€1,658 | -3.9% |
| Amounts payable | 17/49 | €61,207 | €48,845 | -€12,362 | -20.2% |
| Amounts payable within one year | 42/48 | €61,207 | €48,845 | -€12,362 | -20.2% |
| Trade debts | 44 | €5,951 | - | -€5,951 | |
| Suppliers | 440/4 | €5,951 | - | -€5,951 | |
| Taxes, remuneration and social security | 45 | €55,256 | €48,845 | -€6,411 | -11.6% |
| Taxes | 450/3 | €4,642 | €8,504 | +€3,862 | +83.2% |
| Remuneration and social security | 454/9 | €50,614 | €40,341 | -€10,273 | -20.3% |
| Remuneration, social security and pensions | 62 | €48,736 | €37,885 | -€10,851 | -22.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,490 | €5,476 | +€2,986 | +120% |
| Other operating charges | 640/8 | €1,411 | €1,401 | -€10 | -0.7% |
| Non-recurring operating charges | 66A | - | €579 | +€579 | |
| Gross operating margin | 9900 | €52,129 | €55,452 | +€3,323 | +6.4% |
| Operating profit (loss) | 9901 | -€508 | €10,111 | +€10,619 | |
| Financial charges | 65/66B | €141 | €208 | +€67 | +47.5% |
| Recurring financial charges | 65 | €141 | €208 | +€67 | +47.5% |
| Profit (loss) for the period before taxes | 9903 | -€649 | €9,903 | +€10,552 | |
| Income taxes | 67/77 | - | €11,562 | +€11,562 | |
| Profit (loss) for the period | 9904 | -€649 | -€1,659 | -€1,010 | -156% |
| Profit (loss) for the period to be appropriated | 9905 | -€649 | -€1,659 | -€1,010 | -156% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 19 October 2026 via checked.be.