MITCHELL AND MORE: 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.
MITCHELL AND MORE
Largest movements
- Cash +€47,514
up €47,514 (+49.1%), from €96,785 to €144,299
mainly Net result for the year (+€83,947) and Depreciation (+€12,023)
- Receivables within one year +€14,883
up €14,883 (+57.5%), from €25,881 to €40,764
of which Trade receivables: +€14,886
- Tangible fixed assets -€9,424
down €9,424 (-27.5%), from €34,322 to €24,898
- Reserves +€56,447
up €56,447 (+70.9%), from €79,572 to €136,019
- Debts after one year -€6,098
down €6,098 (-23.3%), from €26,150 to €20,051
- Gross operating margin +€23,748
up €23,748 (+21.7%), from €109,595 to €133,343
- Taxes +€7,232
up €7,232 (+27.3%), from €26,446 to €33,678
- Other operating charges -€4,656
down €4,656 (-71.3%), from €6,530 to €1,874
- Depreciation +€1,663
up €1,663 (+16.0%), from €10,361 to €12,023
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 | €158,375 | €210,081 | +€51,706 | +32.6% |
| Fixed assets | 21/28 | €34,442 | €25,018 | -€9,424 | -27.4% |
| Tangible fixed assets | 22/27 | €34,322 | €24,898 | -€9,424 | -27.5% |
| Furniture and vehicles | 24 | €34,322 | €24,898 | -€9,424 | -27.5% |
| Financial fixed assets | 28 | €120 | €120 | = | 0.0% |
| Current assets | 29/58 | €123,933 | €185,063 | +€61,130 | +49.3% |
| Amounts receivable within one year | 40/41 | €25,881 | €40,764 | +€14,883 | +57.5% |
| Trade receivables | 40 | €24,875 | €39,761 | +€14,886 | +59.8% |
| Other amounts receivable | 41 | €1,006 | €1,003 | -€3 | -0.3% |
| Cash at bank and in hand | 54/58 | €96,785 | €144,299 | +€47,514 | +49.1% |
| Deferred charges and accrued income | 490/1 | €1,267 | €0 | -€1,267 | -100% |
| Total equity and liabilities | 10/49 | €158,375 | €210,081 | +€51,706 | +32.6% |
| Equity | 10/15 | €79,572 | €136,019 | +€56,447 | +70.9% |
| Reserves | 13 | €79,572 | €136,019 | +€56,447 | +70.9% |
| Distributable reserves | 133 | €79,572 | €136,019 | +€56,447 | +70.9% |
| Amounts payable | 17/49 | €78,803 | €74,062 | -€4,741 | -6.0% |
| Amounts payable after more than one year | 17 | €26,150 | €20,051 | -€6,098 | -23.3% |
| Financial debts | 170/4 | €26,150 | €20,051 | -€6,098 | -23.3% |
| Amounts payable within one year | 42/48 | €52,496 | €53,985 | +€1,489 | +2.8% |
| Current portion of amounts payable after more than one year | 42 | €18,283 | €18,689 | +€406 | +2.2% |
| Trade debts | 44 | €7,465 | €6,967 | -€498 | -6.7% |
| Suppliers | 440/4 | €7,465 | €6,967 | -€498 | -6.7% |
| Taxes, remuneration and social security | 45 | €26,748 | €28,329 | +€1,582 | +5.9% |
| Taxes | 450/3 | €26,748 | €28,329 | +€1,582 | +5.9% |
| Accrued charges and deferred income | 492/3 | €157 | €25 | -€132 | -84.0% |
| Non-recurring operating income | 76A | €9,132 | - | -€9,132 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,361 | €12,023 | +€1,663 | +16.0% |
| Other operating charges | 640/8 | €6,530 | €1,874 | -€4,656 | -71.3% |
| Gross operating margin | 9900 | €109,595 | €133,343 | +€23,748 | +21.7% |
| Operating profit (loss) | 9901 | €92,704 | €119,446 | +€26,742 | +28.8% |
| Financial income | 75/76B | €2 | €111 | +€109 | +4,975% |
| Recurring financial income | 75 | €2 | €111 | +€109 | +4,975% |
| Financial charges | 65/66B | €2,842 | €1,932 | -€910 | -32.0% |
| Recurring financial charges | 65 | €2,842 | €1,932 | -€910 | -32.0% |
| Profit (loss) for the period before taxes | 9903 | €89,864 | €117,625 | +€27,761 | +30.9% |
| Income taxes | 67/77 | €26,446 | €33,678 | +€7,232 | +27.3% |
| Profit (loss) for the period | 9904 | €63,418 | €83,947 | +€20,528 | +32.4% |
| Profit (loss) for the period to be appropriated | 9905 | €63,418 | €83,947 | +€20,528 | +32.4% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 13 October 2026 via checked.be.