MTT-A: 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.
MTT-A
Largest movements
- Receivables within one year +€68,897
up €68,897 (+4561.9%), from €1,510 to €70,407
of which Other amounts receivable: +€57,256
- Cash -€56,226
down €56,226 (-74.6%), from €75,326 to €19,099
mainly Receivables within one year (-€68,897) and Investment in fixed assets (net) (-€10,000)
- Financial fixed assets +€10,000
new in 2025: €10,000
- Reserves +€86,381
new in 2025: €86,381
- Profit (loss) carried forward -€64,348
down €64,348 (-100.0%), from €64,348 to €0
- Tax, wage and social debts -€3,111
down €3,111 (-24.8%), from €12,566 to €9,456
of which Taxes: -€3,111
- Other debts +€2,915
up €2,915 (+3443.6%), from €85 to €3,000
- Gross operating margin -€27,582
down €27,582 (-45.4%), from €60,737 to €33,155
- Taxes -€5,033
down €5,033 (-40.9%), from €12,311 to €7,278
- Other operating charges -€1,101
down €1,101 (-53.7%), from €2,049 to €948
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 | €80,169 | €101,907 | +€21,738 | +27.1% |
| Fixed assets | 21/28 | €1,035 | €10,541 | +€9,506 | +918.6% |
| Tangible fixed assets | 22/27 | €1,035 | €541 | -€494 | -47.7% |
| Plant, machinery and equipment | 23 | €0 | - | = | |
| Furniture and vehicles | 24 | €1,035 | €541 | -€494 | -47.7% |
| Financial fixed assets | 28 | - | €10,000 | +€10,000 | |
| Current assets | 29/58 | €79,134 | €91,366 | +€12,232 | +15.5% |
| Amounts receivable within one year | 40/41 | €1,510 | €70,407 | +€68,897 | +4561.9% |
| Trade receivables | 40 | €1,504 | €13,145 | +€11,641 | +774.1% |
| Other amounts receivable | 41 | €6 | €57,262 | +€57,256 | +900250.3% |
| Cash at bank and in hand | 54/58 | €75,326 | €19,099 | -€56,226 | -74.6% |
| Deferred charges and accrued income | 490/1 | €2,298 | €1,859 | -€439 | -19.1% |
| Total equity and liabilities | 10/49 | €80,169 | €101,907 | +€21,738 | +27.1% |
| Equity | 10/15 | €67,348 | €89,381 | +€22,033 | +32.7% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | - | €86,381 | +€86,381 | |
| Distributable reserves | 133 | - | €86,381 | +€86,381 | |
| Profit (loss) carried forward | 14 | €64,348 | €0 | -€64,348 | -100.0% |
| Amounts payable | 17/49 | €12,820 | €12,526 | -€294 | -2.3% |
| Amounts payable within one year | 42/48 | €12,820 | €12,526 | -€294 | -2.3% |
| Trade debts | 44 | €169 | €71 | -€99 | -58.3% |
| Suppliers | 440/4 | €169 | €71 | -€99 | -58.3% |
| Taxes, remuneration and social security | 45 | €12,566 | €9,456 | -€3,111 | -24.8% |
| Taxes | 450/3 | €12,566 | €9,456 | -€3,111 | -24.8% |
| Remuneration and social security | 454/9 | €0 | €0 | = | |
| Other amounts payable | 47/48 | €85 | €3,000 | +€2,915 | +3443.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €451 | €494 | +€43 | +9.4% |
| Other operating charges | 640/8 | €2,049 | €948 | -€1,101 | -53.7% |
| Gross operating margin | 9900 | €60,737 | €33,155 | -€27,582 | -45.4% |
| Operating profit (loss) | 9901 | €58,236 | €31,713 | -€26,523 | -45.5% |
| Financial income | 75/76B | €286 | €720 | +€433 | +151.2% |
| Recurring financial income | 75 | €286 | €720 | +€433 | +151.2% |
| Financial charges | 65/66B | €457 | €122 | -€335 | -73.2% |
| Recurring financial charges | 65 | €457 | €122 | -€335 | -73.2% |
| Profit (loss) for the period before taxes | 9903 | €58,066 | €32,310 | -€25,756 | -44.4% |
| Income taxes | 67/77 | €12,311 | €7,278 | -€5,033 | -40.9% |
| Profit (loss) for the period | 9904 | €45,755 | €25,033 | -€20,722 | -45.3% |
| Profit (loss) for the period to be appropriated | 9905 | €45,755 | €25,033 | -€20,722 | -45.3% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.