Mitec 181: 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.
Mitec 181
Largest movements
- Tangible fixed assets -€32,628
down €32,628 (-5.0%), from €658,632 to €626,005
of which Land and buildings: -€31,604
- Cash -€27,077
down €27,077 (-32.8%), from €82,433 to €55,356
mainly Debts after one year (-€81,184) and Net result for the year (-€75,504)
- Deferred charges and accrued income -€11,325
down €11,325 (-68.8%), from €16,451 to €5,126
- Receivables within one year -€9,157
down €9,157 (-100.0%), from €9,158 to €0
- Short-term financial debts +€106,762
up €106,762 (+5755.7%), from €1,855 to €108,617
- Debts after one year -€81,184
down €81,184 (-48.0%), from €169,183 to €87,999
of which Financial debts: -€92,314
- Profit (loss) carried forward -€75,504
down €75,504 (-18.6%), from €406,607 to €331,103
- Tax, wage and social debts -€41,334
down €41,334 (-78.4%), from €52,700 to €11,366
- Current portion of long-term debt +€16,798
up €16,798 (+22.2%), from €75,517 to €92,314
- Gross operating margin -€123,411
down €123,411 (-74.8%), from €164,986 to €41,575
- Depreciation -€13,839
down €13,839 (-29.8%), from €46,467 to €32,628
- Taxes -€11,365
no longer reported in 2025 (was €11,365)
- Financial charges -€2,256
down €2,256 (-16.3%), from €13,843 to €11,587
- Other operating charges +€1,945
up €1,945 (+2.7%), from €70,975 to €72,920
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 | €768,012 | €687,825 | -€80,187 | -10.4% |
| Fixed assets | 21/28 | €659,972 | €627,344 | -€32,628 | -4.9% |
| Tangible fixed assets | 22/27 | €658,632 | €626,005 | -€32,628 | -5.0% |
| Land and buildings | 22 | €654,950 | €623,346 | -€31,604 | -4.8% |
| Furniture and vehicles | 24 | €3,682 | €2,659 | -€1,024 | -27.8% |
| Financial fixed assets | 28 | €1,339 | €1,339 | = | 0.0% |
| Current assets | 29/58 | €108,041 | €60,481 | -€47,559 | -44.0% |
| Amounts receivable within one year | 40/41 | €9,158 | €0 | -€9,157 | -100.0% |
| Trade receivables | 40 | €9,158 | €0 | -€9,157 | -100.0% |
| Cash at bank and in hand | 54/58 | €82,433 | €55,356 | -€27,077 | -32.8% |
| Deferred charges and accrued income | 490/1 | €16,451 | €5,126 | -€11,325 | -68.8% |
| Total equity and liabilities | 10/49 | €768,012 | €687,825 | -€80,187 | -10.4% |
| Equity | 10/15 | €427,067 | €351,563 | -€75,504 | -17.7% |
| Contributions | 10/11 | €100 | €100 | = | 0.0% |
| Capital | 10 | €100 | €100 | = | 0.0% |
| Issued capital | 100 | €100 | €100 | = | 0.0% |
| Reserves | 13 | €20,360 | €20,360 | = | 0.0% |
| Distributable reserves | 133 | €20,360 | €20,360 | = | 0.0% |
| Profit (loss) carried forward | 14 | €406,607 | €331,103 | -€75,504 | -18.6% |
| Amounts payable | 17/49 | €340,945 | €336,262 | -€4,683 | -1.4% |
| Amounts payable after more than one year | 17 | €169,183 | €87,999 | -€81,184 | -48.0% |
| Financial debts | 170/4 | €169,183 | €76,869 | -€92,314 | -54.6% |
| Other amounts payable | 178/9 | - | €11,130 | +€11,130 | |
| Amounts payable within one year | 42/48 | €170,775 | €237,709 | +€66,934 | +39.2% |
| Current portion of amounts payable after more than one year | 42 | €75,517 | €92,314 | +€16,798 | +22.2% |
| Financial debts | 43 | €1,855 | €108,617 | +€106,762 | +5755.7% |
| Credit institutions | 430/8 | €1,855 | €108,617 | +€106,762 | +5755.7% |
| Trade debts | 44 | €40,704 | €25,412 | -€15,292 | -37.6% |
| Suppliers | 440/4 | €40,704 | €25,412 | -€15,292 | -37.6% |
| Taxes, remuneration and social security | 45 | €52,700 | €11,366 | -€41,334 | -78.4% |
| Taxes | 450/3 | €52,700 | €11,366 | -€41,334 | -78.4% |
| Accrued charges and deferred income | 492/3 | €987 | €10,554 | +€9,568 | +969.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €46,467 | €32,628 | -€13,839 | -29.8% |
| Other operating charges | 640/8 | €70,975 | €72,920 | +€1,945 | +2.7% |
| Gross operating margin | 9900 | €164,986 | €41,575 | -€123,411 | -74.8% |
| Operating profit (loss) | 9901 | €47,545 | -€63,972 | -€111,517 | |
| Financial income | 75/76B | - | €56 | +€56 | |
| Recurring financial income | 75 | - | €56 | +€56 | |
| Financial charges | 65/66B | €13,843 | €11,587 | -€2,256 | -16.3% |
| Recurring financial charges | 65 | €13,843 | €11,587 | -€2,256 | -16.3% |
| Profit (loss) for the period before taxes | 9903 | €33,702 | -€75,504 | -€109,206 | |
| Income taxes | 67/77 | €11,365 | - | -€11,365 | |
| Profit (loss) for the period | 9904 | €22,336 | -€75,504 | -€97,841 | |
| Profit (loss) for the period to be appropriated | 9905 | €22,336 | -€75,504 | -€97,841 |
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.