MITEL: 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.
MITEL
Largest movements
- Receivables within one year +€50,601
up €50,601 (+46.6%), from €108,613 to €159,213
of which Trade receivables: +€49,619
- Tangible fixed assets -€8,054
down €8,054 (-6.1%), from €131,965 to €123,912
of which Furniture and vehicles: -€33,341
- Trade debts +€50,013
up €50,013 (+61.7%), from €81,106 to €131,119
- Debts after one year -€10,000
down €10,000 (-100%), from €10,000 to €0
- Profit (loss) carried forward +€8,726
up €8,726 (+33.6%), from -€25,964 to -€17,238
- Gross operating margin +€13,381
up €13,381 (+26.3%), from €50,926 to €64,308
- Depreciation +€3,411
up €3,411 (+6.9%), from €49,492 to €52,904
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 | €242,485 | €288,803 | +€46,318 | +19.1% |
| Fixed assets | 21/28 | €131,965 | €123,912 | -€8,054 | -6.1% |
| Tangible fixed assets | 22/27 | €131,965 | €123,912 | -€8,054 | -6.1% |
| Land and buildings | 22 | €4,515 | €4,053 | -€461 | -10.2% |
| Plant, machinery and equipment | 23 | €45,360 | €71,109 | +€25,748 | +56.8% |
| Furniture and vehicles | 24 | €82,090 | €48,749 | -€33,341 | -40.6% |
| Current assets | 29/58 | €110,520 | €164,891 | +€54,372 | +49.2% |
| Stocks and contracts in progress | 3 | €1,893 | €3,659 | +€1,767 | +93.3% |
| Stocks | 30/36 | €1,893 | €3,659 | +€1,767 | +93.3% |
| Amounts receivable within one year | 40/41 | €108,613 | €159,213 | +€50,601 | +46.6% |
| Trade receivables | 40 | €103,300 | €152,919 | +€49,619 | +48.0% |
| Other amounts receivable | 41 | €5,313 | €6,294 | +€981 | +18.5% |
| Cash at bank and in hand | 54/58 | €14 | €9 | -€5 | -38.7% |
| Deferred charges and accrued income | 490/1 | - | €2,010 | +€2,010 | |
| Total equity and liabilities | 10/49 | €242,485 | €288,803 | +€46,318 | +19.1% |
| Equity | 10/15 | €11,220 | €19,946 | +€8,726 | +77.8% |
| Contributions | 10/11 | €37,184 | €37,184 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€25,964 | -€17,238 | +€8,726 | +33.6% |
| Amounts payable | 17/49 | €231,264 | €268,857 | +€37,592 | +16.3% |
| Amounts payable after more than one year | 17 | €10,000 | €0 | -€10,000 | -100% |
| Financial debts | 170/4 | €10,000 | €0 | -€10,000 | -100% |
| Amounts payable within one year | 42/48 | €221,264 | €268,857 | +€47,592 | +21.5% |
| Current portion of amounts payable after more than one year | 42 | €10,000 | €10,000 | = | 0.0% |
| Financial debts | 43 | €7,596 | €7,160 | -€437 | -5.7% |
| Credit institutions | 430/8 | €7,596 | €7,160 | -€437 | -5.7% |
| Trade debts | 44 | €81,106 | €131,119 | +€50,013 | +61.7% |
| Suppliers | 440/4 | €81,106 | €131,119 | +€50,013 | +61.7% |
| Other amounts payable | 47/48 | €122,562 | €120,578 | -€1,984 | -1.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €49,492 | €52,904 | +€3,411 | +6.9% |
| Other operating charges | 640/8 | €620 | €965 | +€345 | +55.7% |
| Gross operating margin | 9900 | €50,926 | €64,308 | +€13,381 | +26.3% |
| Operating profit (loss) | 9901 | €814 | €10,439 | +€9,625 | +1,182% |
| Financial income | 75/76B | €4 | €22 | +€18 | +476% |
| Recurring financial income | 75 | €4 | €22 | +€18 | +476% |
| Financial charges | 65/66B | €1,865 | €1,735 | -€130 | -7.0% |
| Recurring financial charges | 65 | €1,865 | €1,735 | -€130 | -7.0% |
| Profit (loss) for the period before taxes | 9903 | -€1,047 | €8,726 | +€9,772 | |
| Profit (loss) for the period | 9904 | -€1,047 | €8,726 | +€9,772 | |
| Profit (loss) for the period to be appropriated | 9905 | -€1,047 | €8,726 | +€9,772 |
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 26 October 2026 via checked.be.