MIJTEN: 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.
What changed
MIJTEN
NACE 10.610, Manufacture of food products
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€632,867
2024 · €387,467+€245,399
Equity
€3.4m
2024 · €2.8m+€632,867
Cash
€99,106
2024 · €138,767-€39,661
Balance sheet total
€7.9m
2024 · €7.9m-€8,126
Largest movements
Assets
- Receivables within one year +€281,670
up €281,670 (+12.0%), from €2.4m to €2.6m
of which Trade receivables: +€364,172
- Tangible fixed assets -€259,076
down €259,076 (-9.2%), from €2.8m to €2.5m
of which Plant, machinery and equipment: -€190,655
Equity and liabilities
- Reserves +€632,867
up €632,867 (+35.2%), from €1.8m to €2.4m
of which Distributable reserves: +€632,867
- Trade debts -€459,036
down €459,036 (-17.4%), from €2.6m to €2.2m
- Short-term financial debts -€133,257
down €133,257 (-22.7%), from €586,904 to €453,647
- Debts after one year -€109,149
down €109,149 (-14.1%), from €773,297 to €664,148
Income statement
- Goods and materials -€1.5m
down €1.5m (-6.8%), from €21.6m to €20.1m
of which Purchases: -€1.4m
- Turnover -€1.1m
down €1.1m (-3.9%), from €27.0m to €26.0m
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.
Result 2024
€387,467
Turnover
-€1.1m
Other operating income
-€6,638
Goods and materials
+€1.5m
Services and other goods
-€72,666
Staff costs
+€23,759
Depreciation
+€30,867
Other operating charges
-€48,220
Financial income
+€1,802
Financial charges
-€20,722
Taxes
-€83,266
Result 2025
€632,867
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.
From operations
+€419,907
Investment
-€194,880
Financing
-€264,688
Cash 2024
€138,767
From operations (derived)
+€419,907
Net result for the year
+€632,867
Depreciation
+€477,986
Stocks and contracts
-€7,286
Receivables within one year
-€281,670
Deferred charges and accrued income
-€25,684
Trade debts
-€459,036
Tax, wage and social debts
+€35,009
Other debts
+€25,436
Accrued charges and deferred income
+€22,287
Investment (derived)
-€194,880
Investment in fixed assets (net)
-€194,880
Financing
-€264,688
Debts after one year
-€109,149
Current portion of long-term debt
-€22,281
Short-term financial debts
-€133,257
Cash 2025
€99,106
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €7,925,376 | €7,917,250 | -€8,126 | -0.1% |
| Fixed assets | 21/28 | €3,666,698 | €3,383,593 | -€283,106 | -7.7% |
| Intangible fixed assets | 21 | €90,334 | €66,334 | -€24,000 | -26.6% |
| Tangible fixed assets | 22/27 | €2,804,875 | €2,545,799 | -€259,076 | -9.2% |
| Land and buildings | 22 | €1,654,458 | €1,588,511 | -€65,948 | -4.0% |
| Plant, machinery and equipment | 23 | €1,083,977 | €893,322 | -€190,655 | -17.6% |
| Furniture and vehicles | 24 | €66,440 | €63,967 | -€2,473 | -3.7% |
| Financial fixed assets | 28 | €771,490 | €771,460 | -€30 | 0.0% |
| Affiliated companies | 280/1 | €771,460 | €771,460 | = | 0.0% |
| Participating interests | 280 | €771,460 | €771,460 | = | 0.0% |
| Other financial fixed assets | 284/8 | €30 | €0 | -€30 | -100.0% |
| Amounts receivable and cash guarantees | 285/8 | €30 | €0 | -€30 | -100.0% |
| Current assets | 29/58 | €4,258,677 | €4,533,657 | +€274,980 | +6.5% |
| Stocks and contracts in progress | 3 | €1,692,772 | €1,700,059 | +€7,286 | +0.4% |
| Stocks | 30/36 | €1,692,772 | €1,700,059 | +€7,286 | +0.4% |
| Goods purchased for resale | 34 | €1,692,772 | €1,700,059 | +€7,286 | +0.4% |
| Amounts receivable within one year | 40/41 | €2,353,538 | €2,635,209 | +€281,670 | +12.0% |
| Trade receivables | 40 | €2,233,168 | €2,597,339 | +€364,172 | +16.3% |
| Other amounts receivable | 41 | €120,370 | €37,869 | -€82,501 | -68.5% |
| Current investments | 50/53 | €73,600 | €73,600 | = | 0.0% |
| Other investments | 51/53 | €73,600 | €73,600 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €138,767 | €99,106 | -€39,661 | -28.6% |
| Deferred charges and accrued income | 490/1 | - | €25,684 | +€25,684 | |
| Total equity and liabilities | 10/49 | €7,925,376 | €7,917,250 | -€8,126 | -0.1% |
| Equity | 10/15 | €2,800,598 | €3,433,464 | +€632,867 | +22.6% |
| Contributions | 10/11 | €1,002,288 | €1,002,288 | = | 0.0% |
| Capital | 10 | €1,002,288 | €1,002,288 | = | 0.0% |
| Issued capital | 100 | €1,002,288 | €1,002,288 | = | 0.0% |
| Reserves | 13 | €1,798,310 | €2,431,176 | +€632,867 | +35.2% |
| Non-distributable reserves | 130/1 | €200,458 | €200,458 | = | 0.0% |
| Legal reserve | 130 | €200,458 | €200,458 | = | 0.0% |
| Distributable reserves | 133 | €1,597,852 | €2,230,719 | +€632,867 | +39.6% |
| Amounts payable | 17/49 | €5,124,778 | €4,483,786 | -€640,992 | -12.5% |
| Amounts payable after more than one year | 17 | €773,297 | €664,148 | -€109,149 | -14.1% |
| Financial debts | 170/4 | €773,297 | €664,148 | -€109,149 | -14.1% |
| Credit institutions | 173 | €773,297 | €664,148 | -€109,149 | -14.1% |
| Amounts payable within one year | 42/48 | €4,314,946 | €3,760,816 | -€554,130 | -12.8% |
| Current portion of amounts payable after more than one year | 42 | €131,431 | €109,149 | -€22,281 | -17.0% |
| Financial debts | 43 | €586,904 | €453,647 | -€133,257 | -22.7% |
| Credit institutions | 430/8 | €586,904 | €453,647 | -€133,257 | -22.7% |
| Trade debts | 44 | €2,634,046 | €2,175,010 | -€459,036 | -17.4% |
| Suppliers | 440/4 | €2,634,046 | €2,175,010 | -€459,036 | -17.4% |
| Taxes, remuneration and social security | 45 | €144,466 | €179,475 | +€35,009 | +24.2% |
| Taxes | 450/3 | €34,588 | €98,412 | +€63,824 | +184.5% |
| Remuneration and social security | 454/9 | €109,878 | €81,063 | -€28,815 | -26.2% |
| Other amounts payable | 47/48 | €818,099 | €843,535 | +€25,436 | +3.1% |
| Accrued charges and deferred income | 492/3 | €36,535 | €58,822 | +€22,287 | +61.0% |
| Operating income | 70/76A | €27,056,285 | €25,998,560 | -€1.1m | -3.9% |
| Turnover | 70 | €27,043,805 | €25,992,718 | -€1.1m | -3.9% |
| Other operating income | 74 | €12,480 | €5,842 | -€6,638 | -53.2% |
| Operating charges | 60/66A | €26,446,173 | €25,040,862 | -€1.4m | -5.3% |
| Goods for resale, raw materials and consumables | 60 | €21,603,844 | €20,132,274 | -€1.5m | -6.8% |
| Purchases | 600/8 | €21,587,261 | €20,139,560 | -€1.4m | -6.7% |
| Change in stocks: decrease (increase) | 609 | €16,583 | -€7,286 | -€23,869 | |
| Services and other goods | 61 | €3,299,470 | €3,372,136 | +€72,666 | +2.2% |
| Remuneration, social security and pensions | 62 | €953,288 | €929,528 | -€23,759 | -2.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €508,853 | €477,986 | -€30,867 | -6.1% |
| Other operating charges | 640/8 | €80,718 | €128,938 | +€48,220 | +59.7% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Operating profit (loss) | 9901 | €610,112 | €957,698 | +€347,586 | +57.0% |
| Financial income | 75/76B | €164 | €1,966 | +€1,802 | +1099.7% |
| Recurring financial income | 75 | €164 | €1,966 | +€1,802 | +1099.7% |
| Income from financial fixed assets | 750 | - | €1,965 | +€1,965 | |
| Other financial income | 752/9 | €164 | €2 | -€162 | -99.0% |
| Financial charges | 65/66B | €92,120 | €112,842 | +€20,722 | +22.5% |
| Recurring financial charges | 65 | €92,120 | €112,842 | +€20,722 | +22.5% |
| Debt charges | 650 | €80,024 | €100,969 | +€20,945 | +26.2% |
| Other financial charges | 652/9 | €12,096 | €11,874 | -€222 | -1.8% |
| Profit (loss) for the period before taxes | 9903 | €518,157 | €846,822 | +€328,666 | +63.4% |
| Income taxes | 67/77 | €130,689 | €213,956 | +€83,266 | +63.7% |
| Taxes | 670/3 | €130,689 | €213,956 | +€83,266 | +63.7% |
| Profit (loss) for the period | 9904 | €387,467 | €632,867 | +€245,399 | +63.3% |
| Profit (loss) for the period to be appropriated | 9905 | €387,467 | €632,867 | +€245,399 | +63.3% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.