MITCH: 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.
MITCH
Largest movements
- Cash +€29,194
up €29,194 (+167.1%), from €17,470 to €46,664
mainly Net result for the year (+€29,971) and Tax, wage and social debts (+€4,373)
- Receivables within one year -€3,009
down €3,009 (-74.5%), from €4,037 to €1,028
of which Other amounts receivable: -€2,713
- Deferred charges and accrued income +€1,100
new in 2025: €1,100
- Tangible fixed assets -€830
down €830 (-23.2%), from €3,582 to €2,751
- Profit (loss) carried forward +€29,971
up €29,971 (+221.1%), from €13,557 to €43,528
- Other debts -€5,996
no longer reported in 2025 (was €5,996)
- Tax, wage and social debts +€4,373
up €4,373 (+127.8%), from €3,420 to €7,793
of which Taxes: +€4,212
- Trade debts -€2,111
down €2,111 (-53.8%), from €3,923 to €1,812
- Gross operating margin +€22,641
up €22,641 (+106.9%), from €21,185 to €43,826
- Taxes +€4,212
up €4,212 (+127.0%), from €3,318 to €7,530
- Staff costs +€2,370
up €2,370 (+98.3%), from €2,410 to €4,780
- Other operating charges -€482
down €482 (-42.2%), from €1,143 to €660
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 | €29,896 | €56,133 | +€26,237 | +87.8% |
| Fixed assets | 21/28 | €3,582 | €2,751 | -€830 | -23.2% |
| Tangible fixed assets | 22/27 | €3,582 | €2,751 | -€830 | -23.2% |
| Plant, machinery and equipment | 23 | €3,582 | €2,751 | -€830 | -23.2% |
| Current assets | 29/58 | €26,315 | €53,382 | +€27,067 | +102.9% |
| Stocks and contracts in progress | 3 | €4,808 | €4,589 | -€218 | -4.5% |
| Stocks | 30/36 | €4,808 | €4,589 | -€218 | -4.5% |
| Amounts receivable within one year | 40/41 | €4,037 | €1,028 | -€3,009 | -74.5% |
| Trade receivables | 40 | €296 | - | -€296 | |
| Other amounts receivable | 41 | €3,741 | €1,028 | -€2,713 | -72.5% |
| Cash at bank and in hand | 54/58 | €17,470 | €46,664 | +€29,194 | +167.1% |
| Deferred charges and accrued income | 490/1 | - | €1,100 | +€1,100 | |
| Total equity and liabilities | 10/49 | €29,896 | €56,133 | +€26,237 | +87.8% |
| Equity | 10/15 | €16,557 | €46,528 | +€29,971 | +181.0% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €13,557 | €43,528 | +€29,971 | +221.1% |
| Amounts payable | 17/49 | €13,339 | €9,605 | -€3,734 | -28.0% |
| Amounts payable within one year | 42/48 | €13,339 | €9,605 | -€3,734 | -28.0% |
| Trade debts | 44 | €3,923 | €1,812 | -€2,111 | -53.8% |
| Suppliers | 440/4 | €3,923 | €1,812 | -€2,111 | -53.8% |
| Taxes, remuneration and social security | 45 | €3,420 | €7,793 | +€4,373 | +127.8% |
| Taxes | 450/3 | €3,318 | €7,530 | +€4,212 | +127.0% |
| Remuneration and social security | 454/9 | €103 | €263 | +€160 | +156.1% |
| Other amounts payable | 47/48 | €5,996 | - | -€5,996 | |
| Remuneration, social security and pensions | 62 | €2,410 | €4,780 | +€2,370 | +98.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €569 | €830 | +€261 | +45.9% |
| Other operating charges | 640/8 | €1,143 | €660 | -€482 | -42.2% |
| Gross operating margin | 9900 | €21,185 | €43,826 | +€22,641 | +106.9% |
| Operating profit (loss) | 9901 | €17,063 | €37,556 | +€20,492 | +120.1% |
| Financial income | 75/76B | €0 | €21 | +€21 | +211100.0% |
| Recurring financial income | 75 | €0 | €21 | +€21 | +211100.0% |
| Financial charges | 65/66B | €188 | €76 | -€112 | -59.5% |
| Recurring financial charges | 65 | €188 | €76 | -€112 | -59.5% |
| Profit (loss) for the period before taxes | 9903 | €16,875 | €37,500 | +€20,625 | +122.2% |
| Income taxes | 67/77 | €3,318 | €7,530 | +€4,212 | +127.0% |
| Profit (loss) for the period | 9904 | €13,557 | €29,971 | +€16,413 | +121.1% |
| Profit (loss) for the period to be appropriated | 9905 | €13,557 | €29,971 | +€16,413 | +121.1% |
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 8 October 2026 via checked.be.