M.I.T.: 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.
M.I.T.
Largest movements
- Cash +€19,303
up €19,303 (+61.3%), from €31,499 to €50,803
mainly Debts after one year (+€25,448) and Depreciation (+€22,537)
- Tangible fixed assets +€15,840
up €15,840 (+5.0%), from €317,543 to €333,383
of which Leasing and similar rights: +€24,759
- Debts after one year +€25,448
up €25,448 (+52.3%), from €48,703 to €74,151
- Reserves +€7,309
up €7,309 (+2.6%), from €279,414 to €286,723
of which Distributable reserves: +€7,309
- Gross operating margin -€8,769
down €8,769 (-17.5%), from €49,975 to €41,206
- Taxes -€3,428
down €3,428 (-48.4%), from €7,079 to €3,651
- Depreciation +€1,116
up €1,116 (+5.2%), from €21,420 to €22,537
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 | €366,388 | €403,944 | +€37,555 | +10.3% |
| Fixed assets | 21/28 | €317,543 | €333,383 | +€15,840 | +5.0% |
| Tangible fixed assets | 22/27 | €317,543 | €333,383 | +€15,840 | +5.0% |
| Land and buildings | 22 | €278,791 | €274,030 | -€4,761 | -1.7% |
| Plant, machinery and equipment | 23 | €1,269 | €889 | -€380 | -29.9% |
| Furniture and vehicles | 24 | €6,654 | €2,876 | -€3,778 | -56.8% |
| Leasing and similar rights | 25 | €30,829 | €55,589 | +€24,759 | +80.3% |
| Current assets | 29/58 | €48,845 | €70,560 | +€21,715 | +44.5% |
| Amounts receivable within one year | 40/41 | €12,989 | €15,543 | +€2,554 | +19.7% |
| Trade receivables | 40 | €12,989 | €12,306 | -€684 | -5.3% |
| Other amounts receivable | 41 | - | €3,237 | +€3,237 | |
| Cash at bank and in hand | 54/58 | €31,499 | €50,803 | +€19,303 | +61.3% |
| Deferred charges and accrued income | 490/1 | €4,357 | €4,214 | -€142 | -3.3% |
| Total equity and liabilities | 10/49 | €366,388 | €403,944 | +€37,555 | +10.3% |
| Equity | 10/15 | €285,614 | €292,923 | +€7,309 | +2.6% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €279,414 | €286,723 | +€7,309 | +2.6% |
| Tax-exempt reserves | 132 | €14,440 | €14,440 | = | 0.0% |
| Distributable reserves | 133 | €264,974 | €272,283 | +€7,309 | +2.8% |
| Amounts payable | 17/49 | €80,775 | €111,021 | +€30,246 | +37.4% |
| Amounts payable after more than one year | 17 | €48,703 | €74,151 | +€25,448 | +52.3% |
| Financial debts | 170/4 | €48,703 | €74,151 | +€25,448 | +52.3% |
| Amounts payable within one year | 42/48 | €32,071 | €36,870 | +€4,798 | +15.0% |
| Current portion of amounts payable after more than one year | 42 | €10,734 | €13,321 | +€2,587 | +24.1% |
| Trade debts | 44 | - | €3,774 | +€3,774 | |
| Suppliers | 440/4 | - | €3,774 | +€3,774 | |
| Taxes, remuneration and social security | 45 | €19,482 | €16,013 | -€3,469 | -17.8% |
| Taxes | 450/3 | €18,184 | €16,013 | -€2,171 | -11.9% |
| Remuneration and social security | 454/9 | €1,298 | - | -€1,298 | |
| Other amounts payable | 47/48 | €1,855 | €3,762 | +€1,907 | +103% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,420 | €22,537 | +€1,116 | +5.2% |
| Other operating charges | 640/8 | €1,299 | €1,431 | +€132 | +10.2% |
| Non-recurring operating charges | 66A | - | €2,851 | +€2,851 | |
| Gross operating margin | 9900 | €49,975 | €41,206 | -€8,769 | -17.5% |
| Operating profit (loss) | 9901 | €27,255 | €14,387 | -€12,868 | -47.2% |
| Financial income | 75/76B | €5 | - | -€5 | |
| Recurring financial income | 75 | €5 | - | -€5 | |
| Financial charges | 65/66B | €1,969 | €1,848 | -€121 | -6.1% |
| Recurring financial charges | 65 | €1,969 | €1,848 | -€121 | -6.1% |
| Profit (loss) for the period before taxes | 9903 | €25,292 | €12,539 | -€12,753 | -50.4% |
| Income taxes | 67/77 | €7,079 | €3,651 | -€3,428 | -48.4% |
| Profit (loss) for the period | 9904 | €18,213 | €8,888 | -€9,325 | -51.2% |
| Profit (loss) for the period to be appropriated | 9905 | €18,213 | €8,888 | -€9,325 | -51.2% |
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 25 October 2026 via checked.be.