MITH: 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.
MITH
Largest movements
- Current investments -€25,000
down €25,000 (-100.0%), from €25,000 to €0
- Cash +€21,952
up €21,952 (+260.4%), from €8,431 to €30,383
mainly Current investments (+€25,000) and Trade debts (+€196)
- Reserves -€3,171
down €3,171 (-19.7%), from €16,069 to €12,899
of which Distributable reserves: -€3,171
- Gross operating margin +€867
up €867 (+27.7%), from -€3,131 to -€2,265
- Financial income -€98
down €98 (-39.9%), from €246 to €148
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 | €35,007 | €31,940 | -€3,068 | -8.8% |
| Fixed assets | 21/28 | €0 | - | = | |
| Financial fixed assets | 28 | €0 | - | = | |
| Current assets | 29/58 | €35,007 | €31,940 | -€3,068 | -8.8% |
| Amounts receivable within one year | 40/41 | €1,161 | €1,124 | -€37 | -3.2% |
| Other amounts receivable | 41 | €1,161 | €1,124 | -€37 | -3.2% |
| Current investments | 50/53 | €25,000 | €0 | -€25,000 | -100.0% |
| Cash at bank and in hand | 54/58 | €8,431 | €30,383 | +€21,952 | +260.4% |
| Deferred charges and accrued income | 490/1 | €415 | €433 | +€18 | +4.3% |
| Total equity and liabilities | 10/49 | €35,007 | €31,940 | -€3,068 | -8.8% |
| Equity | 10/15 | €34,669 | €31,499 | -€3,171 | -9.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €16,069 | €12,899 | -€3,171 | -19.7% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €14,209 | €11,039 | -€3,171 | -22.3% |
| Amounts payable | 17/49 | €338 | €441 | +€103 | +30.4% |
| Amounts payable within one year | 42/48 | €260 | €424 | +€164 | +63.0% |
| Trade debts | 44 | €187 | €383 | +€196 | +105.0% |
| Suppliers | 440/4 | €187 | €383 | +€196 | +105.0% |
| Taxes, remuneration and social security | 45 | €73 | €40 | -€33 | -44.7% |
| Taxes | 450/3 | €73 | €40 | -€33 | -44.7% |
| Accrued charges and deferred income | 492/3 | €78 | €17 | -€61 | -78.1% |
| Other operating charges | 640/8 | €781 | €807 | +€26 | +3.3% |
| Gross operating margin | 9900 | -€3,131 | -€2,265 | +€867 | +27.7% |
| Operating profit (loss) | 9901 | -€3,913 | -€3,071 | +€841 | +21.5% |
| Financial income | 75/76B | €246 | €148 | -€98 | -39.9% |
| Recurring financial income | 75 | €246 | €148 | -€98 | -39.9% |
| Financial charges | 65/66B | €153 | €174 | +€22 | +14.3% |
| Recurring financial charges | 65 | €153 | €174 | +€22 | +14.3% |
| Profit (loss) for the period before taxes | 9903 | -€3,819 | -€3,098 | +€721 | +18.9% |
| Income taxes | 67/77 | €68 | €72 | +€4 | +6.2% |
| Profit (loss) for the period | 9904 | -€3,888 | -€3,171 | +€717 | +18.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€3,888 | -€3,171 | +€717 | +18.4% |
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.