MITECH: 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.
What changed
MITECH
NACE 64.210, Activities of holding companies
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€602,714
2024 · €148,800+€453,913
Equity
€3.3m
2024 · €2.8m+€433,564
Cash
€27,598
2024 · €5,100+€22,498
Balance sheet total
€4.4m
2024 · €4.3m+€31,088
Largest movements
Assets
No asset line moved by more than 1% of the balance sheet total.
Equity and liabilities
- Debts after one year -€464,787
down €464,787 (-40.3%), from €1.2m to €688,006
- Reserves +€433,550
up €433,550 (+15.3%), from €2.8m to €3.3m
- Other debts +€124,975
up €124,975 (+318.6%), from €39,226 to €164,201
- Current portion of long-term debt -€84,847
down €84,847 (-34.7%), from €244,634 to €159,787
Income statement
- Financial income +€498,293
up €498,293 (+10464.0%), from €4,762 to €503,055
- Taxes +€45,929
up €45,929 (+65.8%), from €69,817 to €115,746
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
€148,800
Gross operating margin
-€463
Depreciation
-€28
Other operating charges
-€103
Financial income
+€498,293
Financial charges
+€2,143
Taxes
-€45,929
Result 2025
€602,714
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.
From operations
+€751,992
Investment
-€710
Financing
-€728,784
Cash 2024
€5,100
From operations (derived)
+€751,992
Net result for the year
+€602,714
Depreciation
+€689
Receivables within one year
-€8,135
Smaller working-capital items
+€209
Trade debts
-€3,616
Tax, wage and social debts
+€35,156
Other debts
+€124,975
Investment (derived)
-€710
Investment in fixed assets (net)
-€710
Financing
-€728,784
Debts after one year
-€464,787
Current portion of long-term debt
-€84,847
Short-term financial debts
-€10,000
Contributions, distributions and other
-€169,150
Cash 2025
€27,598
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €4,327,206 | €4,358,294 | +€31,088 | +0.7% |
| Fixed assets | 21/28 | €4,300,692 | €4,300,713 | +€21 | 0.0% |
| Tangible fixed assets | 22/27 | €692 | €713 | +€21 | +3.1% |
| Furniture and vehicles | 24 | €692 | €713 | +€21 | +3.1% |
| Financial fixed assets | 28 | €4,300,000 | €4,300,000 | = | 0.0% |
| Current assets | 29/58 | €26,514 | €57,580 | +€31,067 | +117.2% |
| Amounts receivable within one year | 40/41 | €21,120 | €29,255 | +€8,135 | +38.5% |
| Trade receivables | 40 | €21,120 | €29,040 | +€7,920 | +37.5% |
| Other amounts receivable | 41 | - | €215 | +€215 | |
| Cash at bank and in hand | 54/58 | €5,100 | €27,598 | +€22,498 | +441.2% |
| Deferred charges and accrued income | 490/1 | €294 | €728 | +€433 | +147.4% |
| Total equity and liabilities | 10/49 | €4,327,206 | €4,358,294 | +€31,088 | +0.7% |
| Equity | 10/15 | €2,836,636 | €3,270,199 | +€433,564 | +15.3% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €2,826,350 | €3,259,900 | +€433,550 | +15.3% |
| Distributable reserves | 133 | €2,826,350 | €3,259,900 | +€433,550 | +15.3% |
| Profit (loss) carried forward | 14 | €286 | €299 | +€14 | +4.8% |
| Amounts payable | 17/49 | €1,490,570 | €1,088,094 | -€402,476 | -27.0% |
| Amounts payable after more than one year | 17 | €1,152,793 | €688,006 | -€464,787 | -40.3% |
| Financial debts | 170/4 | €1,152,793 | €688,006 | -€464,787 | -40.3% |
| Amounts payable within one year | 42/48 | €336,730 | €398,399 | +€61,669 | +18.3% |
| Current portion of amounts payable after more than one year | 42 | €244,634 | €159,787 | -€84,847 | -34.7% |
| Financial debts | 43 | €30,000 | €20,000 | -€10,000 | -33.3% |
| Credit institutions | 430/8 | €30,000 | €20,000 | -€10,000 | -33.3% |
| Trade debts | 44 | €7,531 | €3,915 | -€3,616 | -48.0% |
| Suppliers | 440/4 | €7,531 | €3,915 | -€3,616 | -48.0% |
| Taxes, remuneration and social security | 45 | €15,340 | €50,496 | +€35,156 | +229.2% |
| Taxes | 450/3 | €15,340 | €50,496 | +€35,156 | +229.2% |
| Other amounts payable | 47/48 | €39,226 | €164,201 | +€124,975 | +318.6% |
| Accrued charges and deferred income | 492/3 | €1,047 | €1,689 | +€642 | +61.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €661 | €689 | +€28 | +4.2% |
| Other operating charges | 640/8 | €2,041 | €2,143 | +€103 | +5.0% |
| Gross operating margin | 9900 | €267,404 | €266,941 | -€463 | -0.2% |
| Operating profit (loss) | 9901 | €264,703 | €264,109 | -€594 | -0.2% |
| Financial income | 75/76B | €4,762 | €503,055 | +€498,293 | +10464.0% |
| Recurring financial income | 75 | €4,762 | €503,055 | +€498,293 | +10464.0% |
| Financial charges | 65/66B | €50,847 | €48,704 | -€2,143 | -4.2% |
| Recurring financial charges | 65 | €50,847 | €48,704 | -€2,143 | -4.2% |
| Profit (loss) for the period before taxes | 9903 | €218,618 | €718,460 | +€499,842 | +228.6% |
| Income taxes | 67/77 | €69,817 | €115,746 | +€45,929 | +65.8% |
| Profit (loss) for the period | 9904 | €148,800 | €602,714 | +€453,913 | +305.0% |
| Profit (loss) for the period to be appropriated | 9905 | €148,800 | €602,714 | +€453,913 | +305.0% |
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.