MTS WALLONIE: 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.
What changed
MTS WALLONIE
NACE 47.820, Retail sale of motor vehicle parts and accessories
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€51,769
2024 · €30,104+€21,665
Equity
€237,136
2024 · €230,898+€6,238
Cash
€151,977
2024 · €148,023+€3,954
Balance sheet total
€2.1m
2024 · €2.3m-€166,171
Largest movements
Assets
- Tangible fixed assets -€95,000
down €95,000 (-5.6%), from €1.7m to €1.6m
of which Land and buildings: -€57,893
- Receivables within one year -€63,102
down €63,102 (-20.0%), from €314,882 to €251,780
of which Trade receivables: -€65,172
Equity and liabilities
- Debts after one year -€107,491
down €107,491 (-6.8%), from €1.6m to €1.5m
- Trade debts -€59,522
down €59,522 (-20.4%), from €292,021 to €232,498
Income statement
- Gross operating margin +€103,028
up €103,028 (+19.0%), from €540,887 to €643,915
- Staff costs +€33,400
up €33,400 (+9.6%), from €349,507 to €382,907
- Depreciation +€18,635
up €18,635 (+17.9%), from €104,164 to €122,799
- Taxes +€17,774
up €17,774 (+483%), from €3,679 to €21,453
- Write-downs +€9,726
up €9,726 (+3,547%), from €274 to €10,000
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.
Result 2024
€30,104
Gross operating margin
+€103,028
Staff costs
-€33,400
Depreciation
-€18,635
Write-downs
-€9,726
Other operating charges
+€916
Financial income
+€2,240
Financial charges
-€4,984
Taxes
-€17,774
Result 2025
€51,769
raises the resultlowers the result
Derived cash bridge
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.
From operations
+€181,902
Investment
-€27,799
Financing
-€150,149
Cash 2024
€148,023
From operations (derived)
+€181,902
Net result for the year
+€51,769
Depreciation
+€122,799
Stocks and contracts
+€4,939
Receivables within one year
+€63,102
Deferred charges and accrued income
+€7,085
Trade debts
-€59,522
Tax, wage and social debts
-€11,980
Other debts
+€3,680
Accrued charges and deferred income
+€31
Investment (derived)
-€27,799
Investment in fixed assets (net)
-€27,799
Financing
-€150,149
Debts after one year
-€107,491
Current portion of long-term debt
+€2,873
Contributions, distributions and other
-€45,531
Cash 2025
€151,977
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,309,356 | €2,143,185 | -€166,171 | -7.2% |
| Fixed assets | 21/28 | €1,697,569 | €1,602,569 | -€95,000 | -5.6% |
| Tangible fixed assets | 22/27 | €1,694,472 | €1,599,472 | -€95,000 | -5.6% |
| Land and buildings | 22 | €1,477,690 | €1,419,797 | -€57,893 | -3.9% |
| Plant, machinery and equipment | 23 | €198,956 | €173,062 | -€25,894 | -13.0% |
| Furniture and vehicles | 24 | €17,827 | €6,614 | -€11,213 | -62.9% |
| Financial fixed assets | 28 | €3,097 | €3,097 | = | 0.0% |
| Current assets | 29/58 | €611,787 | €540,616 | -€71,171 | -11.6% |
| Stocks and contracts in progress | 3 | €130,919 | €125,980 | -€4,939 | -3.8% |
| Stocks | 30/36 | €130,919 | €125,980 | -€4,939 | -3.8% |
| Amounts receivable within one year | 40/41 | €314,882 | €251,780 | -€63,102 | -20.0% |
| Trade receivables | 40 | €299,008 | €233,837 | -€65,172 | -21.8% |
| Other amounts receivable | 41 | €15,873 | €17,943 | +€2,070 | +13.0% |
| Cash at bank and in hand | 54/58 | €148,023 | €151,977 | +€3,954 | +2.7% |
| Deferred charges and accrued income | 490/1 | €17,964 | €10,879 | -€7,085 | -39.4% |
| Total equity and liabilities | 10/49 | €2,309,356 | €2,143,185 | -€166,171 | -7.2% |
| Equity | 10/15 | €230,898 | €237,136 | +€6,238 | +2.7% |
| Contributions | 10/11 | €43,710 | €43,710 | = | 0.0% |
| Reserves | 13 | €109,375 | €115,613 | +€6,238 | +5.7% |
| Non-distributable reserves | 130/1 | €3,961 | €3,961 | = | 0.0% |
| Reserves not available under the articles | 1311 | €3,961 | €3,961 | = | 0.0% |
| Distributable reserves | 133 | €105,413 | €111,651 | +€6,238 | +5.9% |
| Profit (loss) carried forward | 14 | €77,814 | €77,814 | = | 0.0% |
| Amounts payable | 17/49 | €2,078,458 | €1,906,049 | -€172,409 | -8.3% |
| Amounts payable after more than one year | 17 | €1,569,354 | €1,461,863 | -€107,491 | -6.8% |
| Financial debts | 170/4 | €1,569,354 | €1,461,863 | -€107,491 | -6.8% |
| Amounts payable within one year | 42/48 | €509,105 | €444,155 | -€64,949 | -12.8% |
| Current portion of amounts payable after more than one year | 42 | €115,118 | €117,991 | +€2,873 | +2.5% |
| Trade debts | 44 | €292,021 | €232,498 | -€59,522 | -20.4% |
| Suppliers | 440/4 | €292,021 | €232,498 | -€59,522 | -20.4% |
| Taxes, remuneration and social security | 45 | €95,206 | €83,226 | -€11,980 | -12.6% |
| Taxes | 450/3 | €42,406 | €53,381 | +€10,975 | +25.9% |
| Remuneration and social security | 454/9 | €52,800 | €29,844 | -€22,955 | -43.5% |
| Other amounts payable | 47/48 | €6,761 | €10,440 | +€3,680 | +54.4% |
| Accrued charges and deferred income | 492/3 | - | €31 | +€31 | |
| Remuneration, social security and pensions | 62 | €349,507 | €382,907 | +€33,400 | +9.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €104,164 | €122,799 | +€18,635 | +17.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €274 | €10,000 | +€9,726 | +3,547% |
| Other operating charges | 640/8 | €7,089 | €6,173 | -€916 | -12.9% |
| Gross operating margin | 9900 | €540,887 | €643,915 | +€103,028 | +19.0% |
| Operating profit (loss) | 9901 | €79,853 | €122,036 | +€42,183 | +52.8% |
| Financial income | 75/76B | €8,172 | €10,412 | +€2,240 | +27.4% |
| Recurring financial income | 75 | €8,172 | €10,412 | +€2,240 | +27.4% |
| Financial charges | 65/66B | €54,242 | €59,226 | +€4,984 | +9.2% |
| Recurring financial charges | 65 | €54,242 | €59,226 | +€4,984 | +9.2% |
| Profit (loss) for the period before taxes | 9903 | €33,783 | €73,223 | +€39,439 | +117% |
| Income taxes | 67/77 | €3,679 | €21,453 | +€17,774 | +483% |
| Profit (loss) for the period | 9904 | €30,104 | €51,769 | +€21,665 | +72.0% |
| Profit (loss) for the period to be appropriated | 9905 | €30,104 | €51,769 | +€21,665 | +72.0% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 26 October 2026 via checked.be.