MT CONCEPT: 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.
MT CONCEPT
Largest movements
- Receivables within one year +€21,155
up €21,155 (+908.6%), from €2,328 to €23,483
of which Trade receivables: +€22,071
- Cash -€18,916
down €18,916 (-86.0%), from €21,990 to €3,074
mainly Net result for the year (-€24,066) and Receivables within one year (-€21,155)
- Tangible fixed assets -€8,946
down €8,946 (-30.4%), from €29,434 to €20,488
of which Plant, machinery and equipment: -€4,541
- Stocks and contracts -€4,816
down €4,816 (-79.9%), from €6,031 to €1,215
- Deferred charges and accrued income -€1,575
down €1,575 (-66.0%), from €2,386 to €812
- Profit (loss) carried forward -€24,066
down €24,066 (-52.6%), from -€45,717 to -€69,783
- Other debts +€15,099
up €15,099 (+28.9%), from €52,273 to €67,372
- Current portion of long-term debt -€10,980
no longer reported in 2025 (was €10,980)
- Tax, wage and social debts +€3,680
up €3,680 (+28.5%), from €12,898 to €16,578
of which Remuneration and social security: +€3,863
- Trade debts +€3,156
up €3,156 (+26.1%), from €12,087 to €15,243
- Gross operating margin -€33,691
down €33,691 (-32.9%), from €102,314 to €68,623
- Financial income +€14,979
new in 2025: €14,979
of which Non-recurring financial income: +€14,964
- Other operating charges -€3,750
down €3,750 (-71.6%), from €5,237 to €1,487
- Staff costs +€2,539
up €2,539 (+2.7%), from €93,096 to €95,635
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 | €62,620 | €49,522 | -€13,098 | -20.9% |
| Fixed assets | 21/28 | €29,884 | €20,938 | -€8,946 | -29.9% |
| Tangible fixed assets | 22/27 | €29,434 | €20,488 | -€8,946 | -30.4% |
| Plant, machinery and equipment | 23 | €18,579 | €14,038 | -€4,541 | -24.4% |
| Furniture and vehicles | 24 | €10,855 | €6,451 | -€4,404 | -40.6% |
| Financial fixed assets | 28 | €450 | €450 | = | 0.0% |
| Current assets | 29/58 | €32,736 | €28,584 | -€4,152 | -12.7% |
| Stocks and contracts in progress | 3 | €6,031 | €1,215 | -€4,816 | -79.9% |
| Stocks | 30/36 | €6,031 | €1,215 | -€4,816 | -79.9% |
| Amounts receivable within one year | 40/41 | €2,328 | €23,483 | +€21,155 | +908.6% |
| Trade receivables | 40 | €1,192 | €23,263 | +€22,071 | +1851.0% |
| Other amounts receivable | 41 | €1,136 | €220 | -€916 | -80.6% |
| Cash at bank and in hand | 54/58 | €21,990 | €3,074 | -€18,916 | -86.0% |
| Deferred charges and accrued income | 490/1 | €2,386 | €812 | -€1,575 | -66.0% |
| Total equity and liabilities | 10/49 | €62,620 | €49,522 | -€13,098 | -20.9% |
| Equity | 10/15 | -€25,717 | -€49,783 | -€24,066 | -93.6% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€45,717 | -€69,783 | -€24,066 | -52.6% |
| Amounts payable | 17/49 | €88,337 | €99,305 | +€10,968 | +12.4% |
| Amounts payable within one year | 42/48 | €88,337 | €99,305 | +€10,968 | +12.4% |
| Current portion of amounts payable after more than one year | 42 | €10,980 | - | -€10,980 | |
| Financial debts | 43 | €100 | €112 | +€12 | +12.0% |
| Credit institutions | 430/8 | €100 | €112 | +€12 | +12.0% |
| Trade debts | 44 | €12,087 | €15,243 | +€3,156 | +26.1% |
| Suppliers | 440/4 | €12,087 | €15,243 | +€3,156 | +26.1% |
| Taxes, remuneration and social security | 45 | €12,898 | €16,578 | +€3,680 | +28.5% |
| Taxes | 450/3 | €7,488 | €7,306 | -€182 | -2.4% |
| Remuneration and social security | 454/9 | €5,409 | €9,272 | +€3,863 | +71.4% |
| Other amounts payable | 47/48 | €52,273 | €67,372 | +€15,099 | +28.9% |
| Remuneration, social security and pensions | 62 | €93,096 | €95,635 | +€2,539 | +2.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,946 | €8,946 | +€0 | 0.0% |
| Other operating charges | 640/8 | €5,237 | €1,487 | -€3,750 | -71.6% |
| Gross operating margin | 9900 | €102,314 | €68,623 | -€33,691 | -32.9% |
| Operating profit (loss) | 9901 | -€4,965 | -€37,445 | -€32,479 | -654.1% |
| Financial income | 75/76B | - | €14,979 | +€14,979 | |
| Recurring financial income | 75 | - | €15 | +€15 | |
| Non-recurring financial income | 76B | - | €14,964 | +€14,964 | |
| Financial charges | 65/66B | €1,674 | €1,600 | -€74 | -4.4% |
| Recurring financial charges | 65 | €1,674 | €1,600 | -€74 | -4.4% |
| Profit (loss) for the period before taxes | 9903 | -€6,639 | -€24,066 | -€17,427 | -262.5% |
| Profit (loss) for the period | 9904 | -€6,639 | -€24,066 | -€17,427 | -262.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€6,639 | -€24,066 | -€17,427 | -262.5% |
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 8 October 2026 via checked.be.