MITECHKO: 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.
MITECHKO
Largest movements
- Cash -€139,585
down €139,585 (-80.5%), from €173,466 to €33,881
mainly Contributions, distributions and other (-€179,999) and Investment in fixed assets (net) (-€3,592)
- Tangible fixed assets +€2,934
up €2,934 (+268%), from €1,095 to €4,029
- Reserves -€134,028
down €134,028 (-74.4%), from €180,029 to €46,001
- Tax, wage and social debts -€2,465
down €2,465 (-10.6%), from €23,345 to €20,880
- Gross operating margin -€14,670
down €14,670 (-20.0%), from €73,511 to €58,841
- Financial income +€2,037
up €2,037 (+203,700%), from €1 to €2,038
- Taxes -€1,941
down €1,941 (-12.4%), from €15,681 to €13,740
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €206,759 | €70,361 | -€136,398 | -66.0% |
| Fixed assets | 21/28 | €1,095 | €4,029 | +€2,934 | +268% |
| Tangible fixed assets | 22/27 | €1,095 | €4,029 | +€2,934 | +268% |
| Furniture and vehicles | 24 | €1,095 | €4,029 | +€2,934 | +268% |
| Current assets | 29/58 | €205,664 | €66,332 | -€139,332 | -67.7% |
| Amounts receivable within one year | 40/41 | €31,843 | €32,083 | +€240 | +0.8% |
| Trade receivables | 40 | €30,220 | €31,853 | +€1,633 | +5.4% |
| Other amounts receivable | 41 | €1,623 | €230 | -€1,393 | -85.8% |
| Cash at bank and in hand | 54/58 | €173,466 | €33,881 | -€139,585 | -80.5% |
| Deferred charges and accrued income | 490/1 | €355 | €368 | +€13 | +3.7% |
| Total equity and liabilities | 10/49 | €206,759 | €70,361 | -€136,398 | -66.0% |
| Equity | 10/15 | €182,529 | €48,501 | -€134,028 | -73.4% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €180,029 | €46,001 | -€134,028 | -74.4% |
| Distributable reserves | 133 | €180,029 | €46,001 | -€134,028 | -74.4% |
| Amounts payable | 17/49 | €24,230 | €21,860 | -€2,370 | -9.8% |
| Amounts payable within one year | 42/48 | €24,230 | €21,860 | -€2,370 | -9.8% |
| Trade debts | 44 | €885 | €980 | +€95 | +10.7% |
| Suppliers | 440/4 | €885 | €980 | +€95 | +10.7% |
| Taxes, remuneration and social security | 45 | €23,345 | €20,880 | -€2,465 | -10.6% |
| Taxes | 450/3 | €23,345 | €20,880 | -€2,465 | -10.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €94 | €658 | +€564 | +600% |
| Other operating charges | 640/8 | €451 | €465 | +€14 | +3.1% |
| Gross operating margin | 9900 | €73,511 | €58,841 | -€14,670 | -20.0% |
| Operating profit (loss) | 9901 | €72,966 | €57,718 | -€15,248 | -20.9% |
| Financial income | 75/76B | €1 | €2,038 | +€2,037 | +203,700% |
| Recurring financial income | 75 | €1 | €2,038 | +€2,037 | +203,700% |
| Financial charges | 65/66B | €152 | €45 | -€107 | -70.4% |
| Recurring financial charges | 65 | €152 | €45 | -€107 | -70.4% |
| Profit (loss) for the period before taxes | 9903 | €72,815 | €59,711 | -€13,104 | -18.0% |
| Income taxes | 67/77 | €15,681 | €13,740 | -€1,941 | -12.4% |
| Profit (loss) for the period | 9904 | €57,134 | €45,971 | -€11,163 | -19.5% |
| Profit (loss) for the period to be appropriated | 9905 | €57,134 | €45,971 | -€11,163 | -19.5% |
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 14 October 2026 via checked.be.