MNT Projects: 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.
MNT Projects
Largest movements
- Tangible fixed assets +€28,973
up €28,973 (+3.5%), from €829,966 to €858,939
of which Plant, machinery and equipment: +€35,036
- Receivables within one year +€16,557
up €16,557 (+2.9%), from €566,453 to €583,010
of which Other amounts receivable: +€43,339
- Advances received -€64,008
no longer reported in 2025 (was €64,008)
- Short-term financial debts +€36,073
up €36,073 (+79.1%), from €45,578 to €81,651
- Reserves +€33,397
up €33,397 (+5.8%), from €580,190 to €613,587
- Debts after one year +€20,076
up €20,076 (+4.2%), from €473,204 to €493,280
- Tax, wage and social debts +€19,410
up €19,410 (+14.0%), from €138,515 to €157,926
- Gross operating margin -€158,560
down €158,560 (-60.4%), from €262,542 to €103,982
- Taxes -€45,673
down €45,673 (-82.1%), from €55,655 to €9,982
- Depreciation +€15,583
up €15,583 (+36.5%), from €42,732 to €58,315
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.
Derived cash bridge
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 | €1,397,109 | €1,453,842 | +€56,733 | +4.1% |
| Fixed assets | 21/28 | €830,116 | €859,589 | +€29,473 | +3.6% |
| Tangible fixed assets | 22/27 | €829,966 | €858,939 | +€28,973 | +3.5% |
| Land and buildings | 22 | €781,212 | €771,128 | -€10,085 | -1.3% |
| Plant, machinery and equipment | 23 | €41,070 | €76,106 | +€35,036 | +85.3% |
| Furniture and vehicles | 24 | €7,683 | €11,705 | +€4,022 | +52.3% |
| Financial fixed assets | 28 | €150 | €650 | +€500 | +333% |
| Current assets | 29/58 | €566,993 | €594,254 | +€27,261 | +4.8% |
| Amounts receivable within one year | 40/41 | €566,453 | €583,010 | +€16,557 | +2.9% |
| Trade receivables | 40 | €114,697 | €87,915 | -€26,782 | -23.4% |
| Other amounts receivable | 41 | €451,756 | €495,095 | +€43,339 | +9.6% |
| Cash at bank and in hand | 54/58 | €540 | €11,244 | +€10,704 | +1,982% |
| Total equity and liabilities | 10/49 | €1,397,109 | €1,453,842 | +€56,733 | +4.1% |
| Equity | 10/15 | €600,650 | €634,047 | +€33,397 | +5.6% |
| Contributions | 10/11 | €20,460 | €20,460 | = | 0.0% |
| Reserves | 13 | €580,190 | €613,587 | +€33,397 | +5.8% |
| Distributable reserves | 133 | €580,190 | €613,587 | +€33,397 | +5.8% |
| Provisions and deferred taxes | 16 | €60,000 | €60,000 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €60,000 | €60,000 | = | 0.0% |
| Major repairs and maintenance | 162 | €60,000 | €60,000 | = | 0.0% |
| Amounts payable | 17/49 | €736,459 | €759,796 | +€23,337 | +3.2% |
| Amounts payable after more than one year | 17 | €473,204 | €493,280 | +€20,076 | +4.2% |
| Financial debts | 170/4 | €473,204 | €493,280 | +€20,076 | +4.2% |
| Amounts payable within one year | 42/48 | €263,255 | €266,516 | +€3,261 | +1.2% |
| Financial debts | 43 | €45,578 | €81,651 | +€36,073 | +79.1% |
| Credit institutions | 430/8 | €45,578 | €81,651 | +€36,073 | +79.1% |
| Trade debts | 44 | €15,153 | €26,939 | +€11,786 | +77.8% |
| Suppliers | 440/4 | €15,153 | €26,939 | +€11,786 | +77.8% |
| Advances received on contracts in progress | 46 | €64,008 | - | -€64,008 | |
| Taxes, remuneration and social security | 45 | €138,515 | €157,926 | +€19,410 | +14.0% |
| Taxes | 450/3 | €138,515 | €157,926 | +€19,410 | +14.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €42,732 | €58,315 | +€15,583 | +36.5% |
| Other operating charges | 640/8 | €7,414 | €8,784 | +€1,370 | +18.5% |
| Gross operating margin | 9900 | €262,542 | €103,982 | -€158,560 | -60.4% |
| Operating profit (loss) | 9901 | €212,395 | €36,883 | -€175,512 | -82.6% |
| Financial income | 75/76B | €23,843 | €25,697 | +€1,854 | +7.8% |
| Recurring financial income | 75 | €23,843 | €25,697 | +€1,854 | +7.8% |
| Financial charges | 65/66B | €18,809 | €19,201 | +€392 | +2.1% |
| Recurring financial charges | 65 | €18,809 | €19,201 | +€392 | +2.1% |
| Profit (loss) for the period before taxes | 9903 | €217,429 | €43,378 | -€174,051 | -80.0% |
| Income taxes | 67/77 | €55,655 | €9,982 | -€45,673 | -82.1% |
| Profit (loss) for the period | 9904 | €161,775 | €33,397 | -€128,378 | -79.4% |
| Profit (loss) for the period to be appropriated | 9905 | €161,775 | €33,397 | -€128,378 | -79.4% |
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 24 October 2026 via checked.be.