MITCON: 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.
MITCON
Largest movements
- Cash +€24,700
up €24,700 (+52.2%), from €47,279 to €71,979
mainly Net result for the year (+€65,701) and Tax, wage and social debts (+€22,663)
- Tangible fixed assets +€7,195
up €7,195 (+189.0%), from €3,807 to €11,002
of which Furniture and vehicles: +€7,224
- Other debts -€57,317
down €57,317 (-99.9%), from €57,372 to €55
- Reserves +€36,580
up €36,580 (+125.3%), from €29,188 to €65,768
of which Distributable reserves: +€36,580
- Profit (loss) carried forward +€29,121
no longer reported in 2025 (was -€29,121)
- Tax, wage and social debts +€22,663
up €22,663 (+233.1%), from €9,722 to €32,385
- Financial charges -€28,258
down €28,258 (-99.4%), from €28,434 to €176
of which Financial charges: -€24,336
- Taxes +€23,012
up €23,012 (+2453.3%), from €938 to €23,950
- Gross operating margin +€9,498
up €9,498 (+11.3%), from €83,711 to €93,209
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 | €79,561 | €111,642 | +€32,081 | +40.3% |
| Fixed assets | 21/28 | €3,807 | €11,002 | +€7,195 | +189.0% |
| Tangible fixed assets | 22/27 | €3,807 | €11,002 | +€7,195 | +189.0% |
| Plant, machinery and equipment | 23 | €29 | - | -€29 | |
| Furniture and vehicles | 24 | €3,778 | €11,002 | +€7,224 | +191.2% |
| Current assets | 29/58 | €75,754 | €100,640 | +€24,886 | +32.9% |
| Amounts receivable within one year | 40/41 | €26,910 | €27,001 | +€91 | +0.3% |
| Trade receivables | 40 | €26,910 | €24,501 | -€2,409 | -9.0% |
| Other amounts receivable | 41 | - | €2,500 | +€2,500 | |
| Cash at bank and in hand | 54/58 | €47,279 | €71,979 | +€24,700 | +52.2% |
| Deferred charges and accrued income | 490/1 | €1,565 | €1,660 | +€95 | +6.1% |
| Total equity and liabilities | 10/49 | €79,561 | €111,642 | +€32,081 | +40.3% |
| Equity | 10/15 | €12,467 | €78,168 | +€65,701 | +527.0% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €29,188 | €65,768 | +€36,580 | +125.3% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €27,328 | €63,908 | +€36,580 | +133.9% |
| Profit (loss) carried forward | 14 | -€29,121 | - | +€29,121 | |
| Amounts payable | 17/49 | €67,094 | €33,474 | -€33,620 | -50.1% |
| Amounts payable within one year | 42/48 | €67,094 | €33,474 | -€33,620 | -50.1% |
| Trade debts | 44 | - | €1,034 | +€1,034 | |
| Suppliers | 440/4 | - | €1,034 | +€1,034 | |
| Taxes, remuneration and social security | 45 | €9,722 | €32,385 | +€22,663 | +233.1% |
| Taxes | 450/3 | €9,722 | €32,385 | +€22,663 | +233.1% |
| Other amounts payable | 47/48 | €57,372 | €55 | -€57,317 | -99.9% |
| Non-recurring operating income | 76A | €2,276 | - | -€2,276 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,915 | €3,145 | -€770 | -19.7% |
| Other operating charges | 640/8 | €387 | €400 | +€13 | +3.4% |
| Gross operating margin | 9900 | €83,711 | €93,209 | +€9,498 | +11.3% |
| Operating profit (loss) | 9901 | €79,409 | €89,664 | +€10,255 | +12.9% |
| Financial income | 75/76B | - | €163 | +€163 | |
| Recurring financial income | 75 | - | €163 | +€163 | |
| Financial charges | 65/66B | €28,434 | €176 | -€28,258 | -99.4% |
| Recurring financial charges | 65 | €24,512 | €176 | -€24,336 | -99.3% |
| Non-recurring financial charges | 66B | €3,922 | - | -€3,922 | |
| Profit (loss) for the period before taxes | 9903 | €50,975 | €89,651 | +€38,676 | +75.9% |
| Income taxes | 67/77 | €938 | €23,950 | +€23,012 | +2453.3% |
| Profit (loss) for the period | 9904 | €50,037 | €65,701 | +€15,664 | +31.3% |
| Profit (loss) for the period to be appropriated | 9905 | €50,037 | €65,701 | +€15,664 | +31.3% |
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 5 October 2026 via checked.be.