MTR-PRO: 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.
MTR-PRO
Largest movements
- Tangible fixed assets -€10,073
down €10,073 (-27.2%), from €37,054 to €26,981
of which Furniture and vehicles: -€7,690
- Cash -€9,775
down €9,775 (-56.7%), from €17,234 to €7,459
mainly Net result for the year (-€21,519) and Receivables within one year (-€7,962)
- Receivables within one year +€7,962
up €7,962 (+63.1%), from €12,617 to €20,579
of which Trade receivables: +€7,576
- Profit (loss) carried forward -€21,519
down €21,519, from €13,906 to -€7,613
- Trade debts +€10,118
up €10,118 (+98.9%), from €10,235 to €20,354
- Debts after one year -€6,623
down €6,623 (-28.6%), from €23,122 to €16,499
- Other debts +€4,655
up €4,655 (+82.0%), from €5,678 to €10,333
- Tax, wage and social debts +€3,300
new in 2025: €3,300
- Gross operating margin -€30,688
down €30,688, from €24,907 to -€5,782
- Financial charges +€1,911
up €1,911 (+50.9%), from €3,753 to €5,664
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 | €67,375 | €55,173 | -€12,202 | -18.1% |
| Fixed assets | 21/28 | €37,054 | €26,981 | -€10,073 | -27.2% |
| Tangible fixed assets | 22/27 | €37,054 | €26,981 | -€10,073 | -27.2% |
| Plant, machinery and equipment | 23 | €276 | - | -€276 | |
| Furniture and vehicles | 24 | €28,350 | €20,660 | -€7,690 | -27.1% |
| Leasing and similar rights | 25 | €8,428 | €6,321 | -€2,107 | -25.0% |
| Current assets | 29/58 | €30,321 | €28,192 | -€2,129 | -7.0% |
| Amounts receivable within one year | 40/41 | €12,617 | €20,579 | +€7,962 | +63.1% |
| Trade receivables | 40 | €10,189 | €17,765 | +€7,576 | +74.4% |
| Other amounts receivable | 41 | €2,428 | €2,814 | +€386 | +15.9% |
| Cash at bank and in hand | 54/58 | €17,234 | €7,459 | -€9,775 | -56.7% |
| Deferred charges and accrued income | 490/1 | €470 | €154 | -€316 | -67.3% |
| Total equity and liabilities | 10/49 | €67,375 | €55,173 | -€12,202 | -18.1% |
| Equity | 10/15 | €20,106 | -€1,413 | -€21,519 | |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | €13,906 | -€7,613 | -€21,519 | |
| Amounts payable | 17/49 | €47,269 | €56,586 | +€9,317 | +19.7% |
| Amounts payable after more than one year | 17 | €23,122 | €16,499 | -€6,623 | -28.6% |
| Financial debts | 170/4 | €23,122 | €16,499 | -€6,623 | -28.6% |
| Amounts payable within one year | 42/48 | €23,725 | €39,999 | +€16,274 | +68.6% |
| Current portion of amounts payable after more than one year | 42 | €7,812 | €6,012 | -€1,800 | -23.0% |
| Trade debts | 44 | €10,235 | €20,354 | +€10,118 | +98.9% |
| Suppliers | 440/4 | €10,235 | €20,354 | +€10,118 | +98.9% |
| Taxes, remuneration and social security | 45 | - | €3,300 | +€3,300 | |
| Remuneration and social security | 454/9 | - | €3,300 | +€3,300 | |
| Other amounts payable | 47/48 | €5,678 | €10,333 | +€4,655 | +82.0% |
| Accrued charges and deferred income | 492/3 | €421 | €87 | -€334 | -79.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,167 | €10,073 | -€95 | -0.9% |
| Gross operating margin | 9900 | €24,907 | -€5,782 | -€30,688 | |
| Operating profit (loss) | 9901 | €14,739 | -€15,854 | -€30,594 | |
| Financial charges | 65/66B | €3,753 | €5,664 | +€1,911 | +50.9% |
| Recurring financial charges | 65 | €3,753 | €5,664 | +€1,911 | +50.9% |
| Profit (loss) for the period before taxes | 9903 | €10,986 | -€21,519 | -€32,504 | |
| Profit (loss) for the period | 9904 | €10,986 | -€21,519 | -€32,504 | |
| Profit (loss) for the period to be appropriated | 9905 | €10,986 | -€21,519 | -€32,504 |
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 10 October 2026 via checked.be.