Mitech: 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.
Mitech
Largest movements
- Receivables within one year +€60,655
up €60,655 (+439.7%), from €13,794 to €74,449
of which Other amounts receivable: +€57,668
- Cash -€13,014
down €13,014 (-98.1%), from €13,268 to €254
mainly Receivables within one year (-€60,655) and Short-term financial debts (-€6,000)
- Tangible fixed assets -€8,450
down €8,450 (-28.3%), from €29,830 to €21,380
- Reserves +€36,500
up €36,500 (+96.1%), from €38,000 to €74,500
- Tax, wage and social debts +€10,275
up €10,275 (+100.6%), from €10,212 to €20,487
- Short-term financial debts -€6,000
down €6,000 (-100.0%), from €6,000 to €0
- Gross operating margin +€24,747
up €24,747 (+85.0%), from €29,119 to €53,866
- Taxes +€4,940
up €4,940 (+109.9%), from €4,497 to €9,437
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 | €56,892 | €96,558 | +€39,667 | +69.7% |
| Fixed assets | 21/28 | €29,830 | €21,380 | -€8,450 | -28.3% |
| Tangible fixed assets | 22/27 | €29,830 | €21,380 | -€8,450 | -28.3% |
| Furniture and vehicles | 24 | €29,830 | €21,380 | -€8,450 | -28.3% |
| Current assets | 29/58 | €27,062 | €75,178 | +€48,117 | +177.8% |
| Amounts receivable within one year | 40/41 | €13,794 | €74,449 | +€60,655 | +439.7% |
| Trade receivables | 40 | €13,794 | €16,781 | +€2,987 | +21.7% |
| Other amounts receivable | 41 | - | €57,668 | +€57,668 | |
| Cash at bank and in hand | 54/58 | €13,268 | €254 | -€13,014 | -98.1% |
| Deferred charges and accrued income | 490/1 | €0 | €476 | +€476 | |
| Total equity and liabilities | 10/49 | €56,892 | €96,558 | +€39,667 | +69.7% |
| Equity | 10/15 | €39,380 | €75,011 | +€35,632 | +90.5% |
| Contributions | 10/11 | €500 | €500 | = | 0.0% |
| Reserves | 13 | €38,000 | €74,500 | +€36,500 | +96.1% |
| Distributable reserves | 133 | €38,000 | €74,500 | +€36,500 | +96.1% |
| Profit (loss) carried forward | 14 | €880 | €11 | -€868 | -98.7% |
| Amounts payable | 17/49 | €17,512 | €21,547 | +€4,035 | +23.0% |
| Amounts payable within one year | 42/48 | €17,512 | €21,147 | +€3,635 | +20.8% |
| Financial debts | 43 | €6,000 | €0 | -€6,000 | -100.0% |
| Other loans | 439 | €6,000 | €0 | -€6,000 | -100.0% |
| Trade debts | 44 | €385 | €660 | +€275 | +71.3% |
| Suppliers | 440/4 | €385 | €660 | +€275 | +71.3% |
| Taxes, remuneration and social security | 45 | €10,212 | €20,487 | +€10,275 | +100.6% |
| Taxes | 450/3 | €10,212 | €20,487 | +€10,275 | +100.6% |
| Other amounts payable | 47/48 | €915 | €0 | -€915 | -100.0% |
| Accrued charges and deferred income | 492/3 | - | €400 | +€400 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,450 | €8,450 | +€0 | 0.0% |
| Other operating charges | 640/8 | €699 | €277 | -€421 | -60.3% |
| Gross operating margin | 9900 | €29,119 | €53,866 | +€24,747 | +85.0% |
| Operating profit (loss) | 9901 | €19,970 | €45,139 | +€25,169 | +126.0% |
| Financial charges | 65/66B | €106 | €70 | -€35 | -33.3% |
| Recurring financial charges | 65 | €106 | €70 | -€35 | -33.3% |
| Profit (loss) for the period before taxes | 9903 | €19,865 | €45,069 | +€25,204 | +126.9% |
| Income taxes | 67/77 | €4,497 | €9,437 | +€4,940 | +109.9% |
| Profit (loss) for the period | 9904 | €15,368 | €35,632 | +€20,264 | +131.9% |
| Profit (loss) for the period to be appropriated | 9905 | €15,368 | €35,632 | +€20,264 | +131.9% |
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 10 October 2026 via checked.be.