MITEX: 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.
MITEX
Largest movements
- Tangible fixed assets -€35,116
down €35,116 (-16.0%), from €219,657 to €184,541
of which Plant, machinery and equipment: -€21,536
- Stocks and contracts -€32,999
down €32,999 (-66.0%), from €50,025 to €17,025
- Receivables within one year -€22,779
down €22,779 (-19.4%), from €117,387 to €94,608
of which Trade receivables: -€24,630
- Cash -€12,295
down €12,295 (-41.1%), from €29,916 to €17,621
mainly Trade debts (-€68,466) and Debts after one year (-€16,226)
- Trade debts -€68,466
down €68,466 (-81.6%), from €83,863 to €15,397
- Profit (loss) carried forward +€23,619
up €23,619 (+8.7%), from -€270,617 to -€246,998
- Reserves -€16,334
down €16,334 (-20.0%), from €81,830 to €65,496
- Debts after one year -€16,226
down €16,226 (-95.2%), from €17,042 to €817
- Other debts -€10,942
down €10,942 (-6.5%), from €168,920 to €157,978
- Staff costs -€73,470
down €73,470 (-55.4%), from €132,562 to €59,092
- Gross operating margin -€23,747
down €23,747 (-19.7%), from €120,440 to €96,692
- Write-downs -€6,840
down €6,840 (-111.2%), from -€6,154 to -€12,994
- Taxes -€1,243
no longer reported in 2025 (was €1,243)
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 | €420,098 | €317,995 | -€102,104 | -24.3% |
| Fixed assets | 21/28 | €219,657 | €184,541 | -€35,116 | -16.0% |
| Tangible fixed assets | 22/27 | €219,657 | €184,541 | -€35,116 | -16.0% |
| Land and buildings | 22 | €5,578 | €5,578 | = | 0.0% |
| Plant, machinery and equipment | 23 | €149,422 | €127,887 | -€21,536 | -14.4% |
| Leasing and similar rights | 25 | €6,329 | €1,843 | -€4,486 | -70.9% |
| Other tangible fixed assets | 26 | €58,328 | €49,234 | -€9,095 | -15.6% |
| Current assets | 29/58 | €200,441 | €133,453 | -€66,988 | -33.4% |
| Stocks and contracts in progress | 3 | €50,025 | €17,025 | -€32,999 | -66.0% |
| Stocks | 30/36 | €50,025 | €17,025 | -€32,999 | -66.0% |
| Amounts receivable within one year | 40/41 | €117,387 | €94,608 | -€22,779 | -19.4% |
| Trade receivables | 40 | €116,965 | €92,334 | -€24,630 | -21.1% |
| Other amounts receivable | 41 | €422 | €2,274 | +€1,851 | +438.4% |
| Cash at bank and in hand | 54/58 | €29,916 | €17,621 | -€12,295 | -41.1% |
| Deferred charges and accrued income | 490/1 | €3,113 | €4,199 | +€1,085 | +34.9% |
| Total equity and liabilities | 10/49 | €420,098 | €317,995 | -€102,104 | -24.3% |
| Equity | 10/15 | €83,896 | €91,181 | +€7,285 | +8.7% |
| Contributions | 10/11 | €272,683 | €272,683 | = | 0.0% |
| Capital | 10 | €272,683 | €272,683 | = | 0.0% |
| Issued capital | 100 | €272,683 | €272,683 | = | 0.0% |
| Reserves | 13 | €81,830 | €65,496 | -€16,334 | -20.0% |
| Tax-exempt reserves | 132 | €81,830 | €65,496 | -€16,334 | -20.0% |
| Profit (loss) carried forward | 14 | -€270,617 | -€246,998 | +€23,619 | +8.7% |
| Provisions and deferred taxes | 16 | €27,277 | €21,832 | -€5,445 | -20.0% |
| Deferred taxes | 168 | €27,277 | €21,832 | -€5,445 | -20.0% |
| Amounts payable | 17/49 | €308,926 | €204,982 | -€103,944 | -33.6% |
| Amounts payable after more than one year | 17 | €17,042 | €817 | -€16,226 | -95.2% |
| Financial debts | 170/4 | €17,042 | €817 | -€16,226 | -95.2% |
| Amounts payable within one year | 42/48 | €291,884 | €204,165 | -€87,719 | -30.1% |
| Current portion of amounts payable after more than one year | 42 | €24,482 | €16,226 | -€8,256 | -33.7% |
| Trade debts | 44 | €83,863 | €15,397 | -€68,466 | -81.6% |
| Suppliers | 440/4 | €83,863 | €15,397 | -€68,466 | -81.6% |
| Advances received on contracts in progress | 46 | - | €9,756 | +€9,756 | |
| Taxes, remuneration and social security | 45 | €14,619 | €4,809 | -€9,810 | -67.1% |
| Remuneration and social security | 454/9 | €14,619 | €4,809 | -€9,810 | -67.1% |
| Other amounts payable | 47/48 | €168,920 | €157,978 | -€10,942 | -6.5% |
| Remuneration, social security and pensions | 62 | €132,562 | €59,092 | -€73,470 | -55.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €35,116 | €35,116 | = | 0.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€6,154 | -€12,994 | -€6,840 | -111.2% |
| Other operating charges | 640/8 | €12,172 | €12,428 | +€257 | +2.1% |
| Gross operating margin | 9900 | €120,440 | €96,692 | -€23,747 | -19.7% |
| Operating profit (loss) | 9901 | -€53,257 | €3,050 | +€56,306 | |
| Financial income | 75/76B | €24 | €314 | +€290 | +1204.6% |
| Recurring financial income | 75 | €24 | €314 | +€290 | +1204.6% |
| Financial charges | 65/66B | €2,680 | €1,523 | -€1,157 | -43.2% |
| Recurring financial charges | 65 | €2,680 | €1,523 | -€1,157 | -43.2% |
| Profit (loss) for the period before taxes | 9903 | -€55,912 | €1,841 | +€57,753 | |
| Transfer from deferred taxes | 780 | €5,445 | €5,445 | = | 0.0% |
| Income taxes | 67/77 | €1,243 | - | -€1,243 | |
| Profit (loss) for the period | 9904 | -€51,711 | €7,285 | +€58,996 | |
| Transfer from tax-exempt reserves | 789 | €16,334 | €16,334 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€35,377 | €23,619 | +€58,996 |
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 28 September 2026 via checked.be.