M.I.T.S.: 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.S.
Largest movements
- Cash -€48,658
down €48,658 (-95.8%), from €50,808 to €2,150
mainly Net result for the year (-€49,797) and Trade debts (-€1,263)
- Receivables within one year -€2,233
down €2,233 (-33.7%), from €6,633 to €4,400
of which Trade receivables: -€2,328
- Deferred charges and accrued income -€719
down €719 (-67.5%), from €1,065 to €346
- Profit (loss) carried forward -€49,797
down €49,797 (-183%), from -€27,255 to -€77,052
- Trade debts -€1,263
down €1,263 (-60.8%), from €2,078 to €815
- Gross operating margin +€22,569
up €22,569 (+31.3%), from -€72,131 to -€49,563
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 | €58,570 | €6,959 | -€51,611 | -88.1% |
| Fixed assets | 21/28 | €63 | €63 | = | 0.0% |
| Financial fixed assets | 28 | €63 | €63 | = | 0.0% |
| Current assets | 29/58 | €58,507 | €6,896 | -€51,611 | -88.2% |
| Amounts receivable within one year | 40/41 | €6,633 | €4,400 | -€2,233 | -33.7% |
| Trade receivables | 40 | €6,510 | €4,182 | -€2,328 | -35.8% |
| Other amounts receivable | 41 | €123 | €218 | +€95 | +77.4% |
| Cash at bank and in hand | 54/58 | €50,808 | €2,150 | -€48,658 | -95.8% |
| Deferred charges and accrued income | 490/1 | €1,065 | €346 | -€719 | -67.5% |
| Total equity and liabilities | 10/49 | €58,570 | €6,959 | -€51,611 | -88.1% |
| Equity | 10/15 | €51,295 | €1,498 | -€49,797 | -97.1% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €72,350 | €72,350 | = | 0.0% |
| Distributable reserves | 133 | €72,350 | €72,350 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€27,255 | -€77,052 | -€49,797 | -183% |
| Amounts payable | 17/49 | €7,274 | €5,461 | -€1,814 | -24.9% |
| Amounts payable within one year | 42/48 | €6,274 | €4,461 | -€1,814 | -28.9% |
| Trade debts | 44 | €2,078 | €815 | -€1,263 | -60.8% |
| Suppliers | 440/4 | €2,078 | €815 | -€1,263 | -60.8% |
| Taxes, remuneration and social security | 45 | €241 | €240 | -€1 | -0.4% |
| Taxes | 450/3 | €241 | €240 | -€1 | -0.4% |
| Other amounts payable | 47/48 | €3,956 | €3,406 | -€550 | -13.9% |
| Accrued charges and deferred income | 492/3 | €1,000 | €1,000 | = | 0.0% |
| Other operating charges | 640/8 | €811 | €775 | -€36 | -4.4% |
| Gross operating margin | 9900 | -€72,131 | -€49,563 | +€22,569 | +31.3% |
| Operating profit (loss) | 9901 | -€72,942 | -€50,338 | +€22,604 | +31.0% |
| Financial income | 75/76B | €410 | €727 | +€317 | +77.4% |
| Recurring financial income | 75 | €410 | €727 | +€317 | +77.4% |
| Financial charges | 65/66B | €142 | €186 | +€44 | +31.0% |
| Recurring financial charges | 65 | €142 | €186 | +€44 | +31.0% |
| Profit (loss) for the period before taxes | 9903 | -€72,675 | -€49,797 | +€22,877 | +31.5% |
| Profit (loss) for the period | 9904 | -€72,675 | -€49,797 | +€22,877 | +31.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€72,675 | -€49,797 | +€22,877 | +31.5% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 26 October 2026 via checked.be.