MTS Projects: 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 Projects
Largest movements
- Receivables within one year -€67,692
down €67,692 (-34.8%), from €194,326 to €126,634
of which Other amounts receivable: -€67,954
- Receivables after one year -€50,000
down €50,000 (-100.0%), from €50,000 to €0
- Cash +€33,015
up €33,015 (+21.1%), from €156,366 to €189,380
mainly Receivables within one year (+€67,692) and Receivables after one year (+€50,000)
- Tangible fixed assets -€19,519
down €19,519 (-4.1%), from €475,422 to €455,903
of which Land and buildings: -€19,519
- Profit (loss) carried forward -€121,981
down €121,981 (-58.4%), from -€209,001 to -€330,983
- Trade debts +€20,108
up €20,108 (+75.8%), from €26,514 to €46,622
- Debts after one year -€10,271
down €10,271 (-1.6%), from €639,551 to €629,280
- Write-downs +€13,621
up €13,621 (+12.0%), from €113,759 to €127,379
- Financial income -€8,572
down €8,572 (-46.9%), from €18,283 to €9,711
- Financial charges -€4,236
down €4,236 (-21.4%), from €19,754 to €15,518
- Taxes -€1,545
down €1,545 (-40.3%), from €3,830 to €2,285
- Other operating charges +€1,006
up €1,006 (+81.5%), from €1,235 to €2,241
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 | €891,014 | €783,365 | -€107,649 | -12.1% |
| Fixed assets | 21/28 | €475,422 | €455,903 | -€19,519 | -4.1% |
| Tangible fixed assets | 22/27 | €475,422 | €455,903 | -€19,519 | -4.1% |
| Land and buildings | 22 | €467,422 | €447,903 | -€19,519 | -4.2% |
| Other tangible fixed assets | 26 | €8,000 | €8,000 | = | 0.0% |
| Current assets | 29/58 | €415,592 | €327,462 | -€88,130 | -21.2% |
| Amounts receivable after more than one year | 29 | €50,000 | €0 | -€50,000 | -100.0% |
| Other amounts receivable | 291 | €50,000 | €0 | -€50,000 | -100.0% |
| Amounts receivable within one year | 40/41 | €194,326 | €126,634 | -€67,692 | -34.8% |
| Trade receivables | 40 | - | €262 | +€262 | |
| Other amounts receivable | 41 | €194,326 | €126,371 | -€67,954 | -35.0% |
| Cash at bank and in hand | 54/58 | €156,366 | €189,380 | +€33,015 | +21.1% |
| Deferred charges and accrued income | 490/1 | €14,901 | €11,448 | -€3,453 | -23.2% |
| Total equity and liabilities | 10/49 | €891,014 | €783,365 | -€107,649 | -12.1% |
| Equity | 10/15 | €184,634 | €62,652 | -€121,981 | -66.1% |
| Contributions | 10/11 | €360,000 | €360,000 | = | 0.0% |
| Reserves | 13 | €33,635 | €33,635 | = | 0.0% |
| Distributable reserves | 133 | €33,635 | €33,635 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€209,001 | -€330,983 | -€121,981 | -58.4% |
| Amounts payable | 17/49 | €706,381 | €720,712 | +€14,332 | +2.0% |
| Amounts payable after more than one year | 17 | €639,551 | €629,280 | -€10,271 | -1.6% |
| Financial debts | 170/4 | €639,551 | €629,280 | -€10,271 | -1.6% |
| Amounts payable within one year | 42/48 | €66,830 | €91,433 | +€24,603 | +36.8% |
| Current portion of amounts payable after more than one year | 42 | €32,508 | €32,508 | = | 0.0% |
| Trade debts | 44 | €26,514 | €46,622 | +€20,108 | +75.8% |
| Suppliers | 440/4 | €26,514 | €46,622 | +€20,108 | +75.8% |
| Taxes, remuneration and social security | 45 | €7,808 | €12,303 | +€4,495 | +57.6% |
| Taxes | 450/3 | €7,808 | €12,303 | +€4,495 | +57.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,519 | €19,519 | = | 0.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €113,759 | €127,379 | +€13,621 | +12.0% |
| Other operating charges | 640/8 | €1,235 | €2,241 | +€1,006 | +81.5% |
| Gross operating margin | 9900 | €35,276 | €35,251 | -€25 | -0.1% |
| Operating profit (loss) | 9901 | -€99,237 | -€113,889 | -€14,652 | -14.8% |
| Financial income | 75/76B | €18,283 | €9,711 | -€8,572 | -46.9% |
| Recurring financial income | 75 | €18,283 | €9,711 | -€8,572 | -46.9% |
| Financial charges | 65/66B | €19,754 | €15,518 | -€4,236 | -21.4% |
| Recurring financial charges | 65 | €19,754 | €15,518 | -€4,236 | -21.4% |
| Profit (loss) for the period before taxes | 9903 | -€100,708 | -€119,696 | -€18,988 | -18.9% |
| Income taxes | 67/77 | €3,830 | €2,285 | -€1,545 | -40.3% |
| Profit (loss) for the period | 9904 | -€104,539 | -€121,981 | -€17,443 | -16.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€104,539 | -€121,981 | -€17,443 | -16.7% |
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 9 October 2026 via checked.be.