MI - TECH: 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.
MI - TECH
Largest movements
- Tangible fixed assets +€80,747
up €80,747 (+9.4%), from €861,741 to €942,488
of which Land and buildings: +€135,127
- Cash +€70,984
up €70,984 (+410.9%), from €17,277 to €88,261
mainly Depreciation (+€72,712) and Debts after one year (+€60,060)
- Debts after one year +€60,060
up €60,060 (+9.4%), from €640,334 to €700,394
- Reserves +€57,761
up €57,761 (+12.0%), from €479,751 to €537,511
- Trade debts +€25,863
up €25,863 (+10429.0%), from €248 to €26,111
- Depreciation +€19,581
up €19,581 (+36.9%), from €53,131 to €72,712
- Taxes -€8,201
down €8,201 (-36.2%), from €22,641 to €14,440
- Gross operating margin +€3,788
up €3,788 (+2.0%), from €186,040 to €189,828
- Financial income -€2,156
down €2,156 (-21.3%), from €10,135 to €7,979
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 | €1,941,409 | €2,084,864 | +€143,455 | +7.4% |
| Fixed assets | 21/28 | €1,713,141 | €1,793,888 | +€80,747 | +4.7% |
| Tangible fixed assets | 22/27 | €861,741 | €942,488 | +€80,747 | +9.4% |
| Land and buildings | 22 | €298,768 | €433,895 | +€135,127 | +45.2% |
| Other tangible fixed assets | 26 | €562,973 | €508,593 | -€54,380 | -9.7% |
| Financial fixed assets | 28 | €851,400 | €851,400 | = | 0.0% |
| Current assets | 29/58 | €228,268 | €290,976 | +€62,708 | +27.5% |
| Amounts receivable within one year | 40/41 | €207,884 | €199,593 | -€8,291 | -4.0% |
| Other amounts receivable | 41 | €207,884 | €199,593 | -€8,291 | -4.0% |
| Cash at bank and in hand | 54/58 | €17,277 | €88,261 | +€70,984 | +410.9% |
| Deferred charges and accrued income | 490/1 | €3,107 | €3,122 | +€15 | +0.5% |
| Total equity and liabilities | 10/49 | €1,941,409 | €2,084,864 | +€143,455 | +7.4% |
| Equity | 10/15 | €698,475 | €756,236 | +€57,761 | +8.3% |
| Contributions | 10/11 | €218,724 | €218,724 | = | 0.0% |
| Reserves | 13 | €479,751 | €537,511 | +€57,761 | +12.0% |
| Distributable reserves | 133 | €479,751 | €537,511 | +€57,761 | +12.0% |
| Amounts payable | 17/49 | €1,242,934 | €1,328,628 | +€85,694 | +6.9% |
| Amounts payable after more than one year | 17 | €640,334 | €700,394 | +€60,060 | +9.4% |
| Financial debts | 170/4 | €640,334 | €700,394 | +€60,060 | +9.4% |
| Amounts payable within one year | 42/48 | €573,915 | €600,111 | +€26,197 | +4.6% |
| Current portion of amounts payable after more than one year | 42 | €49,575 | €50,022 | +€448 | +0.9% |
| Financial debts | 43 | €3,809 | €5,049 | +€1,240 | +32.5% |
| Credit institutions | 430/8 | €3,809 | €5,049 | +€1,240 | +32.5% |
| Trade debts | 44 | €248 | €26,111 | +€25,863 | +10429.0% |
| Suppliers | 440/4 | €248 | €26,111 | +€25,863 | +10429.0% |
| Taxes, remuneration and social security | 45 | €17,206 | €15,113 | -€2,093 | -12.2% |
| Taxes | 450/3 | €12,506 | €10,413 | -€2,093 | -16.7% |
| Remuneration and social security | 454/9 | €4,700 | €4,700 | = | 0.0% |
| Other amounts payable | 47/48 | €503,077 | €503,816 | +€739 | +0.1% |
| Accrued charges and deferred income | 492/3 | €28,685 | €28,123 | -€563 | -2.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €53,131 | €72,712 | +€19,581 | +36.9% |
| Other operating charges | 640/8 | €11,055 | €11,212 | +€158 | +1.4% |
| Gross operating margin | 9900 | €186,040 | €189,828 | +€3,788 | +2.0% |
| Operating profit (loss) | 9901 | €121,854 | €105,904 | -€15,951 | -13.1% |
| Financial income | 75/76B | €10,135 | €7,979 | -€2,156 | -21.3% |
| Recurring financial income | 75 | €10,135 | €7,979 | -€2,156 | -21.3% |
| Financial charges | 65/66B | €42,093 | €41,682 | -€411 | -1.0% |
| Recurring financial charges | 65 | €42,093 | €41,682 | -€411 | -1.0% |
| Profit (loss) for the period before taxes | 9903 | €89,896 | €72,201 | -€17,695 | -19.7% |
| Income taxes | 67/77 | €22,641 | €14,440 | -€8,201 | -36.2% |
| Profit (loss) for the period | 9904 | €67,255 | €57,761 | -€9,495 | -14.1% |
| Profit (loss) for the period to be appropriated | 9905 | €67,255 | €57,761 | -€9,495 | -14.1% |
Source: filed annual accounts (NBB), fiscal years ended 31 October 2024 and 31 October 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.