Mitha: 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.
Mitha
Largest movements
- Cash +€605,409
up €605,409 (+1457.4%), from €41,540 to €646,949
mainly Other debts (+€1.1m) and Net result for the year (+€254,551)
- Receivables within one year +€120,935
up €120,935 (+153.1%), from €79,012 to €199,947
- Tangible fixed assets -€38,432
down €38,432 (-5.7%), from €680,118 to €641,686
of which Land and buildings: -€25,600
- Other debts +€1.1m
up €1.1m (+386.4%), from €284,050 to €1.4m
- Reserves -€235,382
down €235,382 (-21.1%), from €1.1m to €882,515
of which Distributable reserves: -€235,382
- Debts after one year -€132,062
down €132,062 (-55.9%), from €236,213 to €104,151
- Current portion of long-term debt -€93,078
down €93,078 (-41.3%), from €225,140 to €132,062
- Tax, wage and social debts +€55,500
up €55,500 (+105.9%), from €52,432 to €107,932
- Gross operating margin +€106,210
up €106,210 (+28.4%), from €374,331 to €480,541
- Taxes +€23,722
up €23,722 (+23.2%), from €102,467 to €126,189
- Financial charges +€12,129
up €12,129 (+40.6%), from €29,902 to €42,031
- Depreciation +€10,251
up €10,251 (+32.3%), from €31,785 to €42,036
- Other operating charges +€9,913
up €9,913 (+170.2%), from €5,823 to €15,736
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 | €1,928,937 | €2,627,130 | +€698,193 | +36.2% |
| Fixed assets | 21/28 | €1,405,118 | €1,366,686 | -€38,432 | -2.7% |
| Tangible fixed assets | 22/27 | €680,118 | €641,686 | -€38,432 | -5.7% |
| Land and buildings | 22 | €640,000 | €614,400 | -€25,600 | -4.0% |
| Furniture and vehicles | 24 | €40,118 | €27,286 | -€12,832 | -32.0% |
| Financial fixed assets | 28 | €725,000 | €725,000 | = | 0.0% |
| Current assets | 29/58 | €523,819 | €1,260,444 | +€736,625 | +140.6% |
| Amounts receivable after more than one year | 29 | €400,000 | €400,000 | = | 0.0% |
| Other amounts receivable | 291 | €400,000 | €400,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €79,012 | €199,947 | +€120,935 | +153.1% |
| Trade receivables | 40 | €79,012 | €199,947 | +€120,935 | +153.1% |
| Cash at bank and in hand | 54/58 | €41,540 | €646,949 | +€605,409 | +1457.4% |
| Deferred charges and accrued income | 490/1 | €3,266 | €13,548 | +€10,282 | +314.8% |
| Total equity and liabilities | 10/49 | €1,928,937 | €2,627,130 | +€698,193 | +36.2% |
| Equity | 10/15 | €1,130,296 | €894,915 | -€235,382 | -20.8% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €1,117,896 | €882,515 | -€235,382 | -21.1% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €1,117,896 | €882,515 | -€235,382 | -21.1% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €798,640 | €1,732,215 | +€933,575 | +116.9% |
| Amounts payable after more than one year | 17 | €236,213 | €104,151 | -€132,062 | -55.9% |
| Financial debts | 170/4 | €236,213 | €104,151 | -€132,062 | -55.9% |
| Amounts payable within one year | 42/48 | €562,428 | €1,628,064 | +€1.1m | +189.5% |
| Current portion of amounts payable after more than one year | 42 | €225,140 | €132,062 | -€93,078 | -41.3% |
| Trade debts | 44 | €806 | €6,345 | +€5,539 | +687.4% |
| Suppliers | 440/4 | €806 | €6,345 | +€5,539 | +687.4% |
| Taxes, remuneration and social security | 45 | €52,432 | €107,932 | +€55,500 | +105.9% |
| Taxes | 450/3 | €52,432 | €107,932 | +€55,500 | +105.9% |
| Other amounts payable | 47/48 | €284,050 | €1,381,725 | +€1.1m | +386.4% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Non-recurring operating income | 76A | - | €44,190 | +€44,190 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €31,785 | €42,036 | +€10,251 | +32.3% |
| Other operating charges | 640/8 | €5,823 | €15,736 | +€9,913 | +170.2% |
| Gross operating margin | 9900 | €374,331 | €480,541 | +€106,210 | +28.4% |
| Operating profit (loss) | 9901 | €336,723 | €422,770 | +€86,046 | +25.6% |
| Financial income | 75/76B | €0 | €0 | -€0 | -100.0% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -100.0% |
| Financial charges | 65/66B | €29,902 | €42,031 | +€12,129 | +40.6% |
| Recurring financial charges | 65 | €29,902 | €42,031 | +€12,129 | +40.6% |
| Profit (loss) for the period before taxes | 9903 | €306,822 | €380,739 | +€73,917 | +24.1% |
| Income taxes | 67/77 | €102,467 | €126,189 | +€23,722 | +23.2% |
| Profit (loss) for the period | 9904 | €204,355 | €254,551 | +€50,195 | +24.6% |
| Profit (loss) for the period to be appropriated | 9905 | €204,355 | €254,551 | +€50,195 | +24.6% |
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 5 October 2026 via checked.be.