MTS-IT: what changed
Two fiscal 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-IT
Largest movements
- Tangible fixed assets +€40,461
up €40,461 (+62.5%), from €64,717 to €105,178
of which Furniture and vehicles: +€34,664
- Cash -€22,992
down €22,992 (-75.7%), from €30,370 to €7,378
mainly Investment in fixed assets (net) (-€59,702) and Contributions, distributions and other (-€42,000)
- Receivables within one year +€19,655
up €19,655 (+114.0%), from €17,241 to €36,896
of which Trade receivables: +€19,197
- Debts after one year +€33,433
up €33,433 (+286.3%), from €11,677 to €45,110
- Other debts -€18,010
down €18,010 (-30.0%), from €60,010 to €42,000
- Current portion of long-term debt +€15,595
up €15,595 (+100.8%), from €15,468 to €31,063
- Tax, wage and social debts +€12,800
up €12,800 (+138.3%), from €9,255 to €22,055
- Short-term financial debts -€8,826
no longer reported in 2025 (was €8,826)
- Gross operating margin -€13,972
down €13,972 (-15.3%), from €91,620 to €77,648
- Taxes -€4,011
down €4,011 (-24.9%), from €16,105 to €12,094
- Depreciation +€3,191
up €3,191 (+19.9%), from €16,050 to €19,240
- Financial charges +€2,510
up €2,510 (+365.2%), from €687 to €3,197
From the 2024 result to the 2025 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.
Cash bridge derived
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €133,616 | €169,957 | +€36,341 | +27.2% |
| Fixed assets | 21/28 | €64,717 | €105,178 | +€40,461 | +62.5% |
| Tangible fixed assets | 22/27 | €64,717 | €105,178 | +€40,461 | +62.5% |
| Land and buildings | 22 | €24,159 | €23,486 | -€673 | -2.8% |
| Plant, machinery and equipment | 23 | €3,455 | €9,925 | +€6,470 | +187.3% |
| Furniture and vehicles | 24 | €37,103 | €71,767 | +€34,664 | +93.4% |
| Current assets | 29/58 | €68,900 | €64,779 | -€4,121 | -6.0% |
| Amounts receivable within one year | 40/41 | €17,241 | €36,896 | +€19,655 | +114.0% |
| Trade receivables | 40 | €17,176 | €36,373 | +€19,197 | +111.8% |
| Other amounts receivable | 41 | €65 | €523 | +€458 | +705.2% |
| Current investments | 50/53 | €20,182 | €20,182 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €30,370 | €7,378 | -€22,992 | -75.7% |
| Deferred charges and accrued income | 490/1 | €1,107 | €323 | -€784 | -70.8% |
| Total equity and liabilities | 10/49 | €133,616 | €169,957 | +€36,341 | +27.2% |
| Equity | 10/15 | €24,667 | €25,016 | +€349 | +1.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €4,275 | €4,275 | = | 0.0% |
| Tax-exempt reserves | 132 | €4,275 | €4,275 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,792 | €2,141 | +€349 | +19.5% |
| Amounts payable | 17/49 | €108,949 | €144,941 | +€35,992 | +33.0% |
| Amounts payable after more than one year | 17 | €11,677 | €45,110 | +€33,433 | +286.3% |
| Financial debts | 170/4 | €11,677 | €45,110 | +€33,433 | +286.3% |
| Amounts payable within one year | 42/48 | €97,272 | €99,831 | +€2,559 | +2.6% |
| Current portion of amounts payable after more than one year | 42 | €15,468 | €31,063 | +€15,595 | +100.8% |
| Financial debts | 43 | €8,826 | - | -€8,826 | |
| Credit institutions | 430/8 | €8,826 | - | -€8,826 | |
| Trade debts | 44 | €1,776 | €2,776 | +€1,000 | +56.3% |
| Suppliers | 440/4 | €1,776 | €2,776 | +€1,000 | +56.3% |
| Advances received on contracts in progress | 46 | €1,936 | €1,936 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €9,255 | €22,055 | +€12,800 | +138.3% |
| Taxes | 450/3 | €9,255 | €22,055 | +€12,800 | +138.3% |
| Other amounts payable | 47/48 | €60,010 | €42,000 | -€18,010 | -30.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,050 | €19,240 | +€3,191 | +19.9% |
| Other operating charges | 640/8 | €512 | €831 | +€319 | +62.4% |
| Gross operating margin | 9900 | €91,620 | €77,648 | -€13,972 | -15.3% |
| Operating profit (loss) | 9901 | €75,058 | €57,576 | -€17,482 | -23.3% |
| Financial income | 75/76B | €48 | €65 | +€16 | +34.3% |
| Recurring financial income | 75 | €48 | €65 | +€16 | +34.3% |
| Financial charges | 65/66B | €687 | €3,197 | +€2,510 | +365.2% |
| Recurring financial charges | 65 | €687 | €3,197 | +€2,510 | +365.2% |
| Profit (loss) for the period before taxes | 9903 | €74,419 | €54,443 | -€19,976 | -26.8% |
| Income taxes | 67/77 | €16,105 | €12,094 | -€4,011 | -24.9% |
| Profit (loss) for the period | 9904 | €58,313 | €42,349 | -€15,964 | -27.4% |
| Profit (loss) for the period to be appropriated | 9905 | €58,313 | €42,349 | -€15,964 | -27.4% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.