MTT MANAGEMENT: 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 MANAGEMENT
Largest movements
- Financial fixed assets +€600,000
new in 2025: €600,000
- Cash -€296,229
down €296,229 (-78.8%), from €375,747 to €79,519
mainly Contributions, distributions and other (-€780,000) and Investment in fixed assets (net) (-€610,231)
- Receivables within one year +€62,864
up €62,864 (+165.6%), from €37,970 to €100,835
of which Trade receivables: +€53,297
- Current investments +€28,656
up €28,656 (+12.7%), from €225,000 to €253,656
- Other debts +€1.1m
new in 2025: €1.1m
- Profit (loss) carried forward -€567,353
down €567,353 (-99.9%), from €567,739 to €386
- Tax, wage and social debts -€118,238
down €118,238 (-94.3%), from €125,355 to €7,117
- Gross operating margin -€108,924
down €108,924 (-32.1%), from €339,403 to €230,480
- Financial income +€50,006
up €50,006 (+3143.3%), from €1,591 to €51,597
- Taxes -€27,180
down €27,180 (-34.2%), from €79,432 to €52,252
- Depreciation +€7,855
up €7,855 (+164.1%), from €4,788 to €12,642
- Financial charges +€3,545
up €3,545 (+739.9%), from €479 to €4,024
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 | €695,769 | €1,089,567 | +€393,799 | +56.6% |
| Fixed assets | 21/28 | €56,519 | €654,108 | +€597,589 | +1057.3% |
| Tangible fixed assets | 22/27 | €56,519 | €54,108 | -€2,411 | -4.3% |
| Plant, machinery and equipment | 23 | €2,120 | €1,738 | -€382 | -18.0% |
| Furniture and vehicles | 24 | €54,399 | €52,370 | -€2,030 | -3.7% |
| Financial fixed assets | 28 | - | €600,000 | +€600,000 | |
| Current assets | 29/58 | €639,249 | €435,460 | -€203,790 | -31.9% |
| Amounts receivable within one year | 40/41 | €37,970 | €100,835 | +€62,864 | +165.6% |
| Trade receivables | 40 | €35,708 | €89,005 | +€53,297 | +149.3% |
| Other amounts receivable | 41 | €2,262 | €11,830 | +€9,568 | +423.0% |
| Current investments | 50/53 | €225,000 | €253,656 | +€28,656 | +12.7% |
| Cash at bank and in hand | 54/58 | €375,747 | €79,519 | -€296,229 | -78.8% |
| Deferred charges and accrued income | 490/1 | €532 | €1,450 | +€918 | +172.7% |
| Total equity and liabilities | 10/49 | €695,769 | €1,089,567 | +€393,799 | +56.6% |
| Equity | 10/15 | €569,739 | €2,386 | -€567,353 | -99.6% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €567,739 | €386 | -€567,353 | -99.9% |
| Amounts payable | 17/49 | €126,030 | €1,087,182 | +€961,152 | +762.6% |
| Amounts payable within one year | 42/48 | €125,835 | €1,087,117 | +€961,282 | +763.9% |
| Trade debts | 44 | €480 | - | -€480 | |
| Suppliers | 440/4 | €480 | - | -€480 | |
| Taxes, remuneration and social security | 45 | €125,355 | €7,117 | -€118,238 | -94.3% |
| Taxes | 450/3 | €125,355 | €7,117 | -€118,238 | -94.3% |
| Other amounts payable | 47/48 | - | €1,080,000 | +€1.1m | |
| Accrued charges and deferred income | 492/3 | €195 | €65 | -€130 | -66.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,788 | €12,642 | +€7,855 | +164.1% |
| Other operating charges | 640/8 | €650 | €511 | -€139 | -21.4% |
| Gross operating margin | 9900 | €339,403 | €230,480 | -€108,924 | -32.1% |
| Operating profit (loss) | 9901 | €333,966 | €217,326 | -€116,639 | -34.9% |
| Financial income | 75/76B | €1,591 | €51,597 | +€50,006 | +3143.3% |
| Recurring financial income | 75 | €1,591 | €51,597 | +€50,006 | +3143.3% |
| Financial charges | 65/66B | €479 | €4,024 | +€3,545 | +739.9% |
| Recurring financial charges | 65 | €479 | €4,024 | +€3,545 | +739.9% |
| Profit (loss) for the period before taxes | 9903 | €335,077 | €264,899 | -€70,178 | -20.9% |
| Income taxes | 67/77 | €79,432 | €52,252 | -€27,180 | -34.2% |
| Profit (loss) for the period | 9904 | €255,646 | €212,647 | -€42,999 | -16.8% |
| Profit (loss) for the period to be appropriated | 9905 | €255,646 | €212,647 | -€42,999 | -16.8% |
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 8 October 2026 via checked.be.