M-IT: what changed
Two fiscal 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-IT
Largest movements
- Tangible fixed assets +€27,156
up €27,156 (+39.6%), from €68,496 to €95,652
of which Other tangible fixed assets: +€34,412
- Receivables within one year +€23,220
up €23,220 (+75.8%), from €30,649 to €53,869
of which Trade receivables: +€26,215
- Cash +€18,201
up €18,201 (+22.8%), from €79,932 to €98,133
mainly Net result for the year (+€135,926) and Depreciation (+€18,885)
- Reserves +€61,249
up €61,249 (+83.5%), from €73,337 to €134,586
- Tax, wage and social debts +€17,843
up €17,843 (+796.8%), from €2,239 to €20,083
- Other debts -€10,216
down €10,216 (-65.7%), from €15,539 to €5,323
- Trade debts -€4,805
down €4,805 (-41.8%), from €11,489 to €6,684
- Accrued charges and deferred income +€2,910
up €2,910 (+191.2%), from €1,522 to €4,433
- Gross operating margin +€67,914
up €67,914 (+51.7%), from €131,380 to €199,294
- Taxes +€12,021
up €12,021 (+44.4%), from €27,096 to €39,117
- Depreciation -€8,769
down €8,769 (-31.7%), from €27,654 to €18,885
- Financial charges +€2,150
up €2,150 (+92.2%), from €2,333 to €4,484
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.
Cash bridge derived
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 | €182,726 | €249,708 | +€66,982 | +36.7% |
| Fixed assets | 21/28 | €68,496 | €95,652 | +€27,156 | +39.6% |
| Tangible fixed assets | 22/27 | €68,496 | €95,652 | +€27,156 | +39.6% |
| Furniture and vehicles | 24 | €21,476 | €14,221 | -€7,255 | -33.8% |
| Other tangible fixed assets | 26 | €47,020 | €81,432 | +€34,412 | +73.2% |
| Current assets | 29/58 | €114,230 | €154,056 | +€39,826 | +34.9% |
| Amounts receivable within one year | 40/41 | €30,649 | €53,869 | +€23,220 | +75.8% |
| Trade receivables | 40 | €27,655 | €53,869 | +€26,215 | +94.8% |
| Other amounts receivable | 41 | €2,994 | - | -€2,994 | |
| Cash at bank and in hand | 54/58 | €79,932 | €98,133 | +€18,201 | +22.8% |
| Deferred charges and accrued income | 490/1 | €3,649 | €2,054 | -€1,595 | -43.7% |
| Total equity and liabilities | 10/49 | €182,726 | €249,708 | +€66,982 | +36.7% |
| Equity | 10/15 | €91,937 | €153,186 | +€61,249 | +66.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Outside capital | 11 | €18,600 | - | -€18,600 | |
| Other | 1109/19 | €18,600 | - | -€18,600 | |
| Reserves | 13 | €73,337 | €134,586 | +€61,249 | +83.5% |
| Distributable reserves | 133 | €73,337 | €134,586 | +€61,249 | +83.5% |
| Amounts payable | 17/49 | €90,789 | €96,522 | +€5,733 | +6.3% |
| Amounts payable after more than one year | 17 | €60,000 | €60,000 | = | 0.0% |
| Other amounts payable | 178/9 | €60,000 | €60,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €29,267 | €32,089 | +€2,823 | +9.6% |
| Trade debts | 44 | €11,489 | €6,684 | -€4,805 | -41.8% |
| Suppliers | 440/4 | €11,489 | €6,684 | -€4,805 | -41.8% |
| Taxes, remuneration and social security | 45 | €2,239 | €20,083 | +€17,843 | +796.8% |
| Taxes | 450/3 | €2,239 | €20,083 | +€17,843 | +796.8% |
| Other amounts payable | 47/48 | €15,539 | €5,323 | -€10,216 | -65.7% |
| Accrued charges and deferred income | 492/3 | €1,522 | €4,433 | +€2,910 | +191.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €27,654 | €18,885 | -€8,769 | -31.7% |
| Other operating charges | 640/8 | €3,306 | €1,447 | -€1,859 | -56.2% |
| Gross operating margin | 9900 | €131,380 | €199,294 | +€67,914 | +51.7% |
| Operating profit (loss) | 9901 | €100,420 | €178,963 | +€78,543 | +78.2% |
| Financial income | 75/76B | €486 | €563 | +€77 | +15.9% |
| Recurring financial income | 75 | €486 | €563 | +€77 | +15.9% |
| Financial charges | 65/66B | €2,333 | €4,484 | +€2,150 | +92.2% |
| Recurring financial charges | 65 | €2,333 | €4,484 | +€2,150 | +92.2% |
| Profit (loss) for the period before taxes | 9903 | €98,572 | €175,042 | +€76,470 | +77.6% |
| Income taxes | 67/77 | €27,096 | €39,117 | +€12,021 | +44.4% |
| Profit (loss) for the period | 9904 | €71,477 | €135,926 | +€64,449 | +90.2% |
| Profit (loss) for the period to be appropriated | 9905 | €71,477 | €135,926 | +€64,449 | +90.2% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 October 2026 via checked.be.