INGBERT MIETZ: 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.
INGBERT MIETZ
Largest movements
- Tangible fixed assets -€6,781
down €6,781 (-12.8%), from €53,119 to €46,338
of which Furniture and vehicles: -€10,135
- Cash +€4,247
up €4,247 (+69.5%), from €6,112 to €10,359
mainly Depreciation (+€10,855) and Accrued charges and deferred income (+€6,958)
- Receivables within one year -€3,307
down €3,307 (-14.6%), from €22,697 to €19,390
of which Trade receivables: -€4,366
- Stocks and contracts +€2,559
up €2,559 (+84.1%), from €3,041 to €5,600
of which Contracts in progress: +€2,659
- Trade debts -€10,932
down €10,932 (-87.3%), from €12,527 to €1,595
- Accrued charges and deferred income +€6,958
new in 2025: €6,958
- Reserves +€6,528
up €6,528 (+17.0%), from €38,360 to €44,888
of which Distributable reserves: +€6,528
- Other debts -€5,382
down €5,382 (-40.2%), from €13,393 to €8,011
- Tax, wage and social debts +€4,306
up €4,306 (+181%), from €2,377 to €6,683
of which Taxes: +€3,541
- Gross operating margin +€25,148
up €25,148 (+359%), from €7,001 to €32,149
- Financial income -€10,578
down €10,578 (-94.0%), from €11,255 to €677
- Taxes +€3,587
up €3,587 (+957%), from €375 to €3,962
- Financial charges +€2,890
up €2,890 (+140%), from €2,069 to €4,959
- Staff costs +€1,640
up €1,640 (+36.2%), from €4,535 to €6,175
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 | €87,044 | €84,611 | -€2,433 | -2.8% |
| Fixed assets | 21/28 | €53,119 | €46,338 | -€6,781 | -12.8% |
| Tangible fixed assets | 22/27 | €53,119 | €46,338 | -€6,781 | -12.8% |
| Plant, machinery and equipment | 23 | €1,332 | €4,686 | +€3,354 | +252% |
| Furniture and vehicles | 24 | €51,787 | €41,652 | -€10,135 | -19.6% |
| Current assets | 29/58 | €33,925 | €38,273 | +€4,348 | +12.8% |
| Stocks and contracts in progress | 3 | €3,041 | €5,600 | +€2,559 | +84.1% |
| Stocks | 30/36 | €600 | €500 | -€100 | -16.7% |
| Contracts in progress | 37 | €2,441 | €5,100 | +€2,659 | +109% |
| Amounts receivable within one year | 40/41 | €22,697 | €19,390 | -€3,307 | -14.6% |
| Trade receivables | 40 | €22,461 | €18,095 | -€4,366 | -19.4% |
| Other amounts receivable | 41 | €236 | €1,295 | +€1,059 | +449% |
| Cash at bank and in hand | 54/58 | €6,112 | €10,359 | +€4,247 | +69.5% |
| Deferred charges and accrued income | 490/1 | €2,075 | €2,924 | +€849 | +40.9% |
| Total equity and liabilities | 10/49 | €87,044 | €84,611 | -€2,433 | -2.8% |
| Equity | 10/15 | €44,560 | €51,088 | +€6,528 | +14.6% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €38,360 | €44,888 | +€6,528 | +17.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €36,500 | €43,028 | +€6,528 | +17.9% |
| Amounts payable | 17/49 | €42,484 | €33,523 | -€8,961 | -21.1% |
| Amounts payable after more than one year | 17 | €9,944 | €5,708 | -€4,236 | -42.6% |
| Financial debts | 170/4 | €9,944 | €5,708 | -€4,236 | -42.6% |
| Amounts payable within one year | 42/48 | €32,540 | €20,857 | -€11,683 | -35.9% |
| Current portion of amounts payable after more than one year | 42 | €4,243 | €4,568 | +€325 | +7.7% |
| Trade debts | 44 | €12,527 | €1,595 | -€10,932 | -87.3% |
| Suppliers | 440/4 | €12,527 | €1,595 | -€10,932 | -87.3% |
| Taxes, remuneration and social security | 45 | €2,377 | €6,683 | +€4,306 | +181% |
| Taxes | 450/3 | €421 | €3,962 | +€3,541 | +841% |
| Remuneration and social security | 454/9 | €1,956 | €2,721 | +€765 | +39.1% |
| Other amounts payable | 47/48 | €13,393 | €8,011 | -€5,382 | -40.2% |
| Accrued charges and deferred income | 492/3 | - | €6,958 | +€6,958 | |
| Remuneration, social security and pensions | 62 | €4,535 | €6,175 | +€1,640 | +36.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,687 | €10,855 | +€168 | +1.6% |
| Other operating charges | 640/8 | €320 | €347 | +€27 | +8.4% |
| Gross operating margin | 9900 | €7,001 | €32,149 | +€25,148 | +359% |
| Operating profit (loss) | 9901 | -€8,541 | €14,772 | +€23,313 | |
| Financial income | 75/76B | €11,255 | €677 | -€10,578 | -94.0% |
| Recurring financial income | 75 | €11,255 | €677 | -€10,578 | -94.0% |
| Financial charges | 65/66B | €2,069 | €4,959 | +€2,890 | +140% |
| Recurring financial charges | 65 | €2,069 | €4,959 | +€2,890 | +140% |
| Profit (loss) for the period before taxes | 9903 | €645 | €10,490 | +€9,845 | +1,526% |
| Income taxes | 67/77 | €375 | €3,962 | +€3,587 | +957% |
| Profit (loss) for the period | 9904 | €270 | €6,528 | +€6,258 | +2,318% |
| Profit (loss) for the period to be appropriated | 9905 | €270 | €6,528 | +€6,258 | +2,318% |
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.