MITEBA: 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.
What changed
MITEBA
NACE 64.210, Activities of holding companies
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
-€10,360
2024 · €144,170-€154,530
Equity
€2.4m
2024 · €2.5m-€10,360
Cash
€48,646
2024 · €31,536+€17,110
Balance sheet total
€2.9m
2024 · €3.0m-€115,469
Largest movements
Assets
- Receivables within one year -€93,538
down €93,538 (-38.3%), from €244,226 to €150,689
of which Other amounts receivable: -€80,161
- Current investments -€40,000
down €40,000 (-100%), from €40,000 to €0
Equity and liabilities
- Debts after one year -€92,828
down €92,828 (-23.0%), from €403,917 to €311,090
Income statement
- Financial income -€140,680
down €140,680 (-93.1%), from €151,049 to €10,368
- Gross operating margin -€35,615
down €35,615, from €33,633 to -€1,982
- Taxes -€19,333
down €19,333 (-98.3%), from €19,665 to €333
- Financial charges -€2,464
down €2,464 (-13.4%), from €18,385 to €15,921
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
€144,170
Gross operating margin
-€35,615
Depreciation
+€295
Other operating charges
-€326
Financial income
-€140,680
Financial charges
+€2,464
Taxes
+€19,333
Result 2025
-€10,360
raises the resultlowers the result
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.
From operations
+€81,048
Investment
+€40,000
Financing
-€103,938
Cash 2024
€31,536
From operations (derived)
+€81,048
Net result for the year
-€10,360
Depreciation
+€535
Receivables within one year
+€93,538
Deferred charges and accrued income
-€1,493
Trade debts
+€158
Tax, wage and social debts
-€4,717
Other debts
-€1,506
Accrued charges and deferred income
+€4,893
Investment (derived)
+€40,000
Current investments
+€40,000
Financing
-€103,938
Debts after one year
-€92,828
Current portion of long-term debt
-€11,110
Cash 2025
€48,646
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €3,038,589 | €2,923,120 | -€115,469 | -3.8% |
| Fixed assets | 21/28 | €2,722,827 | €2,722,292 | -€535 | 0.0% |
| Tangible fixed assets | 22/27 | €2,327 | €1,792 | -€535 | -23.0% |
| Plant, machinery and equipment | 23 | €2,327 | €1,792 | -€535 | -23.0% |
| Furniture and vehicles | 24 | €0 | - | = | |
| Financial fixed assets | 28 | €2,720,500 | €2,720,500 | = | 0.0% |
| Current assets | 29/58 | €315,762 | €200,828 | -€114,934 | -36.4% |
| Amounts receivable within one year | 40/41 | €244,226 | €150,689 | -€93,538 | -38.3% |
| Trade receivables | 40 | €13,376 | €0 | -€13,376 | -100% |
| Other amounts receivable | 41 | €230,850 | €150,689 | -€80,161 | -34.7% |
| Current investments | 50/53 | €40,000 | €0 | -€40,000 | -100% |
| Cash at bank and in hand | 54/58 | €31,536 | €48,646 | +€17,110 | +54.3% |
| Deferred charges and accrued income | 490/1 | €0 | €1,493 | +€1,493 | |
| Total equity and liabilities | 10/49 | €3,038,589 | €2,923,120 | -€115,469 | -3.8% |
| Equity | 10/15 | €2,452,921 | €2,442,561 | -€10,360 | -0.4% |
| Contributions | 10/11 | €1,808,000 | €1,808,000 | = | 0.0% |
| Reserves | 13 | €644,921 | €644,921 | = | 0.0% |
| Distributable reserves | 133 | €644,921 | €644,921 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€10,360 | -€10,360 | |
| Amounts payable | 17/49 | €585,668 | €480,559 | -€105,110 | -17.9% |
| Amounts payable after more than one year | 17 | €403,917 | €311,090 | -€92,828 | -23.0% |
| Financial debts | 170/4 | €403,917 | €311,090 | -€92,828 | -23.0% |
| Amounts payable within one year | 42/48 | €176,575 | €159,400 | -€17,175 | -9.7% |
| Current portion of amounts payable after more than one year | 42 | €103,938 | €92,828 | -€11,110 | -10.7% |
| Trade debts | 44 | €0 | €158 | +€158 | |
| Suppliers | 440/4 | €0 | €158 | +€158 | |
| Taxes, remuneration and social security | 45 | €7,331 | €2,614 | -€4,717 | -64.3% |
| Taxes | 450/3 | €6,851 | €2,614 | -€4,237 | -61.8% |
| Remuneration and social security | 454/9 | €480 | €0 | -€480 | -100% |
| Other amounts payable | 47/48 | €65,306 | €63,800 | -€1,506 | -2.3% |
| Accrued charges and deferred income | 492/3 | €5,176 | €10,069 | +€4,893 | +94.5% |
| Remuneration, social security and pensions | 62 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €830 | €535 | -€295 | -35.6% |
| Other operating charges | 640/8 | €1,631 | €1,957 | +€326 | +20.0% |
| Gross operating margin | 9900 | €33,633 | -€1,982 | -€35,615 | |
| Operating profit (loss) | 9901 | €31,171 | -€4,474 | -€35,646 | |
| Financial income | 75/76B | €151,049 | €10,368 | -€140,680 | -93.1% |
| Recurring financial income | 75 | €151,049 | €10,368 | -€140,680 | -93.1% |
| Financial charges | 65/66B | €18,385 | €15,921 | -€2,464 | -13.4% |
| Recurring financial charges | 65 | €18,385 | €15,921 | -€2,464 | -13.4% |
| Profit (loss) for the period before taxes | 9903 | €163,835 | -€10,027 | -€173,862 | |
| Income taxes | 67/77 | €19,665 | €333 | -€19,333 | -98.3% |
| Profit (loss) for the period | 9904 | €144,170 | -€10,360 | -€154,530 | |
| Profit (loss) for the period to be appropriated | 9905 | €144,170 | -€10,360 | -€154,530 |
Source: filed annual accounts (NBB), financial years ended 31 July 2024 and 31 July 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 24 October 2026 via checked.be.