MITESILE: 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.
MITESILE
Largest movements
- Cash +€273,705
up €273,705 (+167.6%), from €163,333 to €437,038
mainly Current investments (+€250,000) and Net result for the year (+€25,349)
- Current investments -€250,000
no longer reported in 2024 (was €250,000)
- Reserves +€25,349
up €25,349 (+9.7%), from €260,738 to €286,087
of which Distributable reserves: +€25,349
- Gross operating margin -€2,067
down €2,067 (-4.8%), from €42,862 to €40,795
- Financial income +€1,762
up €1,762 (+88.0%), from €2,002 to €3,764
- Financial charges +€529
up €529 (+49.1%), from €1,076 to €1,605
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €460,496 | €484,295 | +€23,799 | +5.2% |
| Fixed assets | 21/28 | €45,000 | €45,000 | = | 0.0% |
| Tangible fixed assets | 22/27 | €45,000 | €45,000 | = | 0.0% |
| Land and buildings | 22 | €45,000 | €45,000 | = | 0.0% |
| Current assets | 29/58 | €415,496 | €439,295 | +€23,799 | +5.7% |
| Current investments | 50/53 | €250,000 | - | -€250,000 | |
| Cash at bank and in hand | 54/58 | €163,333 | €437,038 | +€273,705 | +167.6% |
| Deferred charges and accrued income | 490/1 | €2,163 | €2,257 | +€94 | +4.3% |
| Total equity and liabilities | 10/49 | €460,496 | €484,295 | +€23,799 | +5.2% |
| Equity | 10/15 | €380,994 | €406,343 | +€25,349 | +6.7% |
| Contributions | 10/11 | €118,550 | €118,550 | = | 0.0% |
| Reserves | 13 | €260,738 | €286,087 | +€25,349 | +9.7% |
| Tax-exempt reserves | 132 | €96,144 | €96,144 | = | 0.0% |
| Distributable reserves | 133 | €164,593 | €189,943 | +€25,349 | +15.4% |
| Profit (loss) carried forward | 14 | €1,707 | €1,707 | = | 0.0% |
| Provisions and deferred taxes | 16 | €32,048 | €32,048 | = | 0.0% |
| Deferred taxes | 168 | €32,048 | €32,048 | = | 0.0% |
| Amounts payable | 17/49 | €47,454 | €45,904 | -€1,551 | -3.3% |
| Amounts payable within one year | 42/48 | €47,070 | €45,517 | -€1,553 | -3.3% |
| Taxes, remuneration and social security | 45 | €28,541 | €26,017 | -€2,524 | -8.8% |
| Taxes | 450/3 | €28,541 | €26,017 | -€2,524 | -8.8% |
| Other amounts payable | 47/48 | €18,529 | €19,500 | +€971 | +5.2% |
| Accrued charges and deferred income | 492/3 | €384 | €387 | +€3 | +0.8% |
| Other operating charges | 640/8 | €4,392 | €4,660 | +€268 | +6.1% |
| Gross operating margin | 9900 | €42,862 | €40,795 | -€2,067 | -4.8% |
| Operating profit (loss) | 9901 | €38,470 | €36,135 | -€2,335 | -6.1% |
| Financial income | 75/76B | €2,002 | €3,764 | +€1,762 | +88.0% |
| Recurring financial income | 75 | €2,002 | €3,764 | +€1,762 | +88.0% |
| Financial charges | 65/66B | €1,076 | €1,605 | +€529 | +49.1% |
| Recurring financial charges | 65 | €1,076 | €1,605 | +€529 | +49.1% |
| Profit (loss) for the period before taxes | 9903 | €39,396 | €38,293 | -€1,102 | -2.8% |
| Income taxes | 67/77 | €13,127 | €12,944 | -€183 | -1.4% |
| Profit (loss) for the period | 9904 | €26,269 | €25,349 | -€920 | -3.5% |
| Profit (loss) for the period to be appropriated | 9905 | €26,269 | €25,349 | -€920 | -3.5% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.