MITHAS: 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.
MITHAS
Largest movements
- Cash +€19,758
up €19,758 (+88.8%), from €22,243 to €42,001
mainly Net result for the year (+€29,763) and Receivables within one year (+€17,186)
- Receivables within one year -€17,186
down €17,186 (-48.4%), from €35,510 to €18,324
of which Trade receivables: -€14,164
- Tangible fixed assets -€12,732
down €12,732 (-6.8%), from €186,798 to €174,066
of which Land and buildings: -€10,004
- Reserves +€22,800
up €22,800 (+40.2%), from €56,700 to €79,500
- Debts after one year -€17,689
down €17,689 (-14.9%), from €118,646 to €100,958
- Trade debts -€16,721
down €16,721 (-80.1%), from €20,881 to €4,160
- Other debts +€5,945
up €5,945 (+1190.6%), from €499 to €6,444
- Tax, wage and social debts -€4,025
down €4,025 (-16.6%), from €24,288 to €20,263
of which Remuneration and social security: -€10,875
- Staff costs -€23,637
down €23,637 (-73.4%), from €32,196 to €8,559
- Taxes +€7,684
up €7,684 (+137.5%), from €5,590 to €13,274
- Gross operating margin +€6,689
up €6,689 (+9.9%), from €67,315 to €74,004
- Depreciation +€2,615
up €2,615 (+22.9%), from €11,402 to €14,018
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 | €244,596 | €235,923 | -€8,673 | -3.5% |
| Fixed assets | 21/28 | €186,843 | €174,111 | -€12,732 | -6.8% |
| Tangible fixed assets | 22/27 | €186,798 | €174,066 | -€12,732 | -6.8% |
| Land and buildings | 22 | €176,201 | €166,197 | -€10,004 | -5.7% |
| Furniture and vehicles | 24 | €10,597 | €7,869 | -€2,728 | -25.7% |
| Financial fixed assets | 28 | €45 | €45 | = | 0.0% |
| Current assets | 29/58 | €57,753 | €61,812 | +€4,059 | +7.0% |
| Amounts receivable within one year | 40/41 | €35,510 | €18,324 | -€17,186 | -48.4% |
| Trade receivables | 40 | €32,488 | €18,324 | -€14,164 | -43.6% |
| Other amounts receivable | 41 | €3,022 | €0 | -€3,022 | -100.0% |
| Cash at bank and in hand | 54/58 | €22,243 | €42,001 | +€19,758 | +88.8% |
| Deferred charges and accrued income | 490/1 | - | €1,488 | +€1,488 | |
| Total equity and liabilities | 10/49 | €244,596 | €235,923 | -€8,673 | -3.5% |
| Equity | 10/15 | €63,346 | €86,409 | +€23,063 | +36.4% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €56,700 | €79,500 | +€22,800 | +40.2% |
| Distributable reserves | 133 | €56,700 | €79,500 | +€22,800 | +40.2% |
| Profit (loss) carried forward | 14 | €446 | €709 | +€263 | +59.0% |
| Amounts payable | 17/49 | €181,251 | €149,514 | -€31,736 | -17.5% |
| Amounts payable after more than one year | 17 | €118,646 | €100,958 | -€17,689 | -14.9% |
| Financial debts | 170/4 | €118,646 | €100,958 | -€17,689 | -14.9% |
| Amounts payable within one year | 42/48 | €62,604 | €48,557 | -€14,047 | -22.4% |
| Current portion of amounts payable after more than one year | 42 | €16,935 | €17,689 | +€753 | +4.4% |
| Trade debts | 44 | €20,881 | €4,160 | -€16,721 | -80.1% |
| Suppliers | 440/4 | €20,881 | €4,160 | -€16,721 | -80.1% |
| Taxes, remuneration and social security | 45 | €24,288 | €20,263 | -€4,025 | -16.6% |
| Taxes | 450/3 | €12,769 | €19,620 | +€6,850 | +53.6% |
| Remuneration and social security | 454/9 | €11,519 | €644 | -€10,875 | -94.4% |
| Other amounts payable | 47/48 | €499 | €6,444 | +€5,945 | +1190.6% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €32,196 | €8,559 | -€23,637 | -73.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,402 | €14,018 | +€2,615 | +22.9% |
| Other operating charges | 640/8 | €2,705 | €2,316 | -€389 | -14.4% |
| Gross operating margin | 9900 | €67,315 | €74,004 | +€6,689 | +9.9% |
| Operating profit (loss) | 9901 | €21,012 | €49,111 | +€28,099 | +133.7% |
| Financial income | 75/76B | €39 | €0 | -€39 | -100.0% |
| Recurring financial income | 75 | €39 | €0 | -€39 | -100.0% |
| Financial charges | 65/66B | €6,752 | €6,073 | -€679 | -10.1% |
| Recurring financial charges | 65 | €6,752 | €6,073 | -€679 | -10.1% |
| Profit (loss) for the period before taxes | 9903 | €14,298 | €43,037 | +€28,739 | +201.0% |
| Income taxes | 67/77 | €5,590 | €13,274 | +€7,684 | +137.5% |
| Profit (loss) for the period | 9904 | €8,708 | €29,763 | +€21,055 | +241.8% |
| Profit (loss) for the period to be appropriated | 9905 | €8,708 | €29,763 | +€21,055 | +241.8% |
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.