MITCO: 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.
MITCO
Largest movements
- Cash +€157,241
up €157,241 (+26.8%), from €587,801 to €745,042
mainly Other debts (+€212,252) and Net result for the year (+€124,651)
- Tangible fixed assets -€11,398
down €11,398 (-29.4%), from €38,790 to €27,392
of which Furniture and vehicles: -€11,401
- Other debts +€212,252
up €212,252 (+241.7%), from €87,803 to €300,055
- Reserves -€88,646
down €88,646 (-16.6%), from €533,117 to €444,471
- Tax, wage and social debts +€22,784
up €22,784 (+66.8%), from €34,121 to €56,905
of which Taxes: +€22,766
- Gross operating margin +€41,322
up €41,322 (+29.3%), from €141,106 to €182,427
- Taxes +€15,235
up €15,235 (+39.3%), from €38,814 to €54,049
- Financial income +€7,653
up €7,653 (+268.6%), from €2,850 to €10,503
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 | €672,702 | €815,327 | +€142,625 | +21.2% |
| Fixed assets | 21/28 | €38,790 | €27,392 | -€11,398 | -29.4% |
| Tangible fixed assets | 22/27 | €38,790 | €27,392 | -€11,398 | -29.4% |
| Plant, machinery and equipment | 23 | €2,222 | €2,225 | +€3 | +0.1% |
| Furniture and vehicles | 24 | €36,568 | €25,168 | -€11,401 | -31.2% |
| Current assets | 29/58 | €633,912 | €787,935 | +€154,023 | +24.3% |
| Amounts receivable within one year | 40/41 | €42,738 | €39,342 | -€3,396 | -7.9% |
| Trade receivables | 40 | €42,738 | €39,342 | -€3,396 | -7.9% |
| Cash at bank and in hand | 54/58 | €587,801 | €745,042 | +€157,241 | +26.8% |
| Deferred charges and accrued income | 490/1 | €3,373 | €3,551 | +€178 | +5.3% |
| Total equity and liabilities | 10/49 | €672,702 | €815,327 | +€142,625 | +21.2% |
| Equity | 10/15 | €539,325 | €450,679 | -€88,646 | -16.4% |
| Contributions | 10/11 | €6,208 | €6,208 | = | 0.0% |
| Reserves | 13 | €533,117 | €444,471 | -€88,646 | -16.6% |
| Distributable reserves | 133 | €533,117 | €444,471 | -€88,646 | -16.6% |
| Amounts payable | 17/49 | €133,377 | €364,648 | +€231,271 | +173.4% |
| Amounts payable within one year | 42/48 | €133,351 | €364,648 | +€231,297 | +173.4% |
| Trade debts | 44 | €11,427 | €7,688 | -€3,739 | -32.7% |
| Suppliers | 440/4 | €11,427 | €7,688 | -€3,739 | -32.7% |
| Taxes, remuneration and social security | 45 | €34,121 | €56,905 | +€22,784 | +66.8% |
| Taxes | 450/3 | €31,784 | €54,550 | +€22,766 | +71.6% |
| Remuneration and social security | 454/9 | €2,337 | €2,354 | +€17 | +0.7% |
| Other amounts payable | 47/48 | €87,803 | €300,055 | +€212,252 | +241.7% |
| Accrued charges and deferred income | 492/3 | €26 | - | -€26 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,959 | €13,361 | +€402 | +3.1% |
| Other operating charges | 640/8 | €647 | €666 | +€18 | +2.8% |
| Gross operating margin | 9900 | €141,106 | €182,427 | +€41,322 | +29.3% |
| Operating profit (loss) | 9901 | €127,499 | €168,401 | +€40,901 | +32.1% |
| Financial income | 75/76B | €2,850 | €10,503 | +€7,653 | +268.6% |
| Recurring financial income | 75 | €2,850 | €10,503 | +€7,653 | +268.6% |
| Financial charges | 65/66B | €227 | €203 | -€24 | -10.5% |
| Recurring financial charges | 65 | €227 | €203 | -€24 | -10.5% |
| Profit (loss) for the period before taxes | 9903 | €130,123 | €178,701 | +€48,578 | +37.3% |
| Income taxes | 67/77 | €38,814 | €54,049 | +€15,235 | +39.3% |
| Profit (loss) for the period | 9904 | €91,308 | €124,651 | +€33,343 | +36.5% |
| Profit (loss) for the period to be appropriated | 9905 | €91,308 | €124,651 | +€33,343 | +36.5% |
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 11 October 2026 via checked.be.