Constructie Mittenaere: 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.
Constructie Mittenaere
Largest movements
- Receivables within one year +€1.5m
up €1.5m (+139%), from €1.1m to €2.6m
- Tangible fixed assets +€664,598
up €664,598 (+65.3%), from €1.0m to €1.7m
of which Land and buildings: +€801,512
- Cash +€358,360
up €358,360 (+60.5%), from €592,099 to €950,460
mainly Net result for the year (+€1.6m) and Debts after one year (+€695,000)
- Stocks and contracts +€209,523
up €209,523 (+52.4%), from €400,000 to €609,523
- Reserves +€1.6m
up €1.6m (+171%), from €914,026 to €2.5m
- Debts after one year +€695,000
up €695,000 (+178%), from €389,751 to €1.1m
- Advances received +€572,759
new in 2025: €572,759
- Other debts -€199,214
down €199,214 (-21.0%), from €950,681 to €751,466
- Tax, wage and social debts +€145,763
up €145,763 (+119%), from €122,635 to €268,398
of which Taxes: +€132,336
- Gross operating margin +€1.2m
up €1.2m (+77.1%), from €1.5m to €2.7m
- Taxes +€217,892
up €217,892 (+71.3%), from €305,677 to €523,569
- Staff costs +€170,802
up €170,802 (+93.4%), from €182,941 to €353,743
- Depreciation +€113,739
up €113,739 (+89.0%), from €127,802 to €241,540
- Financial charges +€42,485
up €42,485 (+695%), from €6,115 to €48,600
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 | €3,122,458 | €5,886,396 | +€2.8m | +88.5% |
| Fixed assets | 21/28 | €1,018,329 | €1,682,927 | +€664,598 | +65.3% |
| Tangible fixed assets | 22/27 | €1,018,329 | €1,682,927 | +€664,598 | +65.3% |
| Land and buildings | 22 | €2,714 | €804,226 | +€801,512 | +29,535% |
| Plant, machinery and equipment | 23 | €337,514 | €310,705 | -€26,809 | -7.9% |
| Furniture and vehicles | 24 | €59,908 | €67,407 | +€7,498 | +12.5% |
| Leasing and similar rights | 25 | €613,196 | €496,729 | -€116,467 | -19.0% |
| Other tangible fixed assets | 26 | €4,997 | €3,860 | -€1,137 | -22.7% |
| Current assets | 29/58 | €2,104,129 | €4,203,469 | +€2.1m | +99.8% |
| Stocks and contracts in progress | 3 | €400,000 | €609,523 | +€209,523 | +52.4% |
| Stocks | 30/36 | €400,000 | €609,523 | +€209,523 | +52.4% |
| Amounts receivable within one year | 40/41 | €1,101,549 | €2,633,005 | +€1.5m | +139% |
| Trade receivables | 40 | €1,101,549 | €2,633,005 | +€1.5m | +139% |
| Current investments | 50/53 | €7,500 | €7,500 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €592,099 | €950,460 | +€358,360 | +60.5% |
| Deferred charges and accrued income | 490/1 | €2,981 | €2,981 | = | 0.0% |
| Total equity and liabilities | 10/49 | €3,122,458 | €5,886,396 | +€2.8m | +88.5% |
| Equity | 10/15 | €924,026 | €2,482,719 | +€1.6m | +169% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €914,026 | €2,472,719 | +€1.6m | +171% |
| Distributable reserves | 133 | €914,026 | €2,472,719 | +€1.6m | +171% |
| Amounts payable | 17/49 | €2,198,432 | €3,403,678 | +€1.2m | +54.8% |
| Amounts payable after more than one year | 17 | €389,751 | €1,084,751 | +€695,000 | +178% |
| Financial debts | 170/4 | €389,751 | €1,084,751 | +€695,000 | +178% |
| Amounts payable within one year | 42/48 | €1,808,681 | €2,318,927 | +€510,246 | +28.2% |
| Current portion of amounts payable after more than one year | 42 | €414,390 | €497,595 | +€83,205 | +20.1% |
| Trade debts | 44 | €320,975 | €228,708 | -€92,267 | -28.7% |
| Suppliers | 440/4 | €320,975 | €228,708 | -€92,267 | -28.7% |
| Advances received on contracts in progress | 46 | - | €572,759 | +€572,759 | |
| Taxes, remuneration and social security | 45 | €122,635 | €268,398 | +€145,763 | +119% |
| Taxes | 450/3 | €88,248 | €220,583 | +€132,336 | +150% |
| Remuneration and social security | 454/9 | €34,388 | €47,815 | +€13,427 | +39.0% |
| Other amounts payable | 47/48 | €950,681 | €751,466 | -€199,214 | -21.0% |
| Remuneration, social security and pensions | 62 | €182,941 | €353,743 | +€170,802 | +93.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €127,802 | €241,540 | +€113,739 | +89.0% |
| Other operating charges | 640/8 | €2,240 | €5,184 | +€2,944 | +131% |
| Gross operating margin | 9900 | €1,538,605 | €2,725,531 | +€1.2m | +77.1% |
| Operating profit (loss) | 9901 | €1,225,623 | €2,125,064 | +€899,441 | +73.4% |
| Financial income | 75/76B | €195 | €5,798 | +€5,603 | +2,870% |
| Recurring financial income | 75 | €195 | €5,798 | +€5,603 | +2,870% |
| Financial charges | 65/66B | €6,115 | €48,600 | +€42,485 | +695% |
| Recurring financial charges | 65 | €6,115 | €48,600 | +€42,485 | +695% |
| Profit (loss) for the period before taxes | 9903 | €1,219,703 | €2,082,263 | +€862,560 | +70.7% |
| Income taxes | 67/77 | €305,677 | €523,569 | +€217,892 | +71.3% |
| Profit (loss) for the period | 9904 | €914,026 | €1,558,693 | +€644,667 | +70.5% |
| Profit (loss) for the period to be appropriated | 9905 | €914,026 | €1,558,693 | +€644,667 | +70.5% |
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 17 October 2026 via checked.be.