MTTECH: 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.
MTTECH
Largest movements
- Receivables within one year +€39,905
up €39,905 (+104.0%), from €38,359 to €78,264
of which Trade receivables: +€38,525
- Tangible fixed assets +€11,018
up €11,018 (+65.8%), from €16,734 to €27,752
of which Land and buildings: +€6,411
- Financial fixed assets +€4,740
new in 2025: €4,740
- Tax, wage and social debts +€37,270
up €37,270 (+98.9%), from €37,684 to €74,954
of which Remuneration and social security: +€31,517
- Reserves +€14,000
up €14,000 (+70.0%), from €20,000 to €34,000
- Trade debts +€5,206
up €5,206 (+30.9%), from €16,834 to €22,040
- Staff costs +€319,653
up €319,653 (+292.8%), from €109,161 to €428,813
- Gross operating margin +€285,455
up €285,455 (+154.7%), from €184,470 to €469,925
- Taxes -€6,221
down €6,221 (-35.9%), from €17,341 to €11,120
- Depreciation +€5,241
up €5,241 (+137.6%), from €3,810 to €9,050
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 | €115,577 | €171,187 | +€55,609 | +48.1% |
| Formation expenses | 20 | €194 | €0 | -€194 | -100.0% |
| Fixed assets | 21/28 | €16,734 | €32,492 | +€15,758 | +94.2% |
| Tangible fixed assets | 22/27 | €16,734 | €27,752 | +€11,018 | +65.8% |
| Land and buildings | 22 | - | €6,411 | +€6,411 | |
| Plant, machinery and equipment | 23 | €16,734 | €21,342 | +€4,608 | +27.5% |
| Financial fixed assets | 28 | - | €4,740 | +€4,740 | |
| Current assets | 29/58 | €98,650 | €138,695 | +€40,045 | +40.6% |
| Amounts receivable within one year | 40/41 | €38,359 | €78,264 | +€39,905 | +104.0% |
| Trade receivables | 40 | €38,359 | €76,884 | +€38,525 | +100.4% |
| Other amounts receivable | 41 | - | €1,380 | +€1,380 | |
| Cash at bank and in hand | 54/58 | €60,291 | €60,431 | +€140 | +0.2% |
| Total equity and liabilities | 10/49 | €115,577 | €171,187 | +€55,609 | +48.1% |
| Equity | 10/15 | €56,836 | €71,728 | +€14,892 | +26.2% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €20,000 | €34,000 | +€14,000 | +70.0% |
| Distributable reserves | 133 | €20,000 | €34,000 | +€14,000 | +70.0% |
| Profit (loss) carried forward | 14 | €31,836 | €32,728 | +€892 | +2.8% |
| Amounts payable | 17/49 | €58,741 | €99,459 | +€40,717 | +69.3% |
| Amounts payable within one year | 42/48 | €57,672 | €99,459 | +€41,787 | +72.5% |
| Trade debts | 44 | €16,834 | €22,040 | +€5,206 | +30.9% |
| Suppliers | 440/4 | €16,834 | €22,040 | +€5,206 | +30.9% |
| Taxes, remuneration and social security | 45 | €37,684 | €74,954 | +€37,270 | +98.9% |
| Taxes | 450/3 | €26,420 | €32,173 | +€5,753 | +21.8% |
| Remuneration and social security | 454/9 | €11,264 | €42,780 | +€31,517 | +279.8% |
| Other amounts payable | 47/48 | €3,154 | €2,465 | -€689 | -21.9% |
| Accrued charges and deferred income | 492/3 | €1,069 | - | -€1,069 | |
| Remuneration, social security and pensions | 62 | €109,161 | €428,813 | +€319,653 | +292.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,810 | €9,050 | +€5,241 | +137.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €1,730 | +€1,730 | |
| Other operating charges | 640/8 | €2,424 | €4,267 | +€1,843 | +76.0% |
| Gross operating margin | 9900 | €184,470 | €469,925 | +€285,455 | +154.7% |
| Operating profit (loss) | 9901 | €69,076 | €26,064 | -€43,011 | -62.3% |
| Financial income | 75/76B | €127 | €57 | -€70 | -54.9% |
| Recurring financial income | 75 | €127 | €57 | -€70 | -54.9% |
| Financial charges | 65/66B | €25 | €110 | +€85 | +338.6% |
| Recurring financial charges | 65 | €25 | €110 | +€85 | +338.6% |
| Profit (loss) for the period before taxes | 9903 | €69,177 | €26,012 | -€43,166 | -62.4% |
| Income taxes | 67/77 | €17,341 | €11,120 | -€6,221 | -35.9% |
| Profit (loss) for the period | 9904 | €51,836 | €14,892 | -€36,944 | -71.3% |
| Profit (loss) for the period to be appropriated | 9905 | €51,836 | €14,892 | -€36,944 | -71.3% |
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 7 October 2026 via checked.be.