MITHRAS: 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.
MITHRAS
Largest movements
- Cash -€155,567
down €155,567 (-34.7%), from €447,693 to €292,125
mainly Contributions, distributions and other (-€150,000) and Investment in fixed assets (net) (-€115,000)
- Financial fixed assets +€115,000
up €115,000 (+35.4%), from €325,000 to €440,000
- Current investments +€101,000
new in 2025: €101,000
- Receivables within one year -€49,438
down €49,438 (-30.7%), from €161,042 to €111,604
of which Trade receivables: -€53,830
- Tangible fixed assets -€35,121
down €35,121 (-32.4%), from €108,441 to €73,320
of which Furniture and vehicles: -€17,750
- Reserves -€162,323
down €162,323 (-17.7%), from €918,009 to €755,685
of which Distributable reserves: -€162,323
- Other debts +€144,883
up €144,883 (+178.9%), from €80,985 to €225,869
- Gross operating margin -€83,848
down €83,848 (-75.1%), from €111,629 to €27,781
- Taxes -€18,864
down €18,864 (-98.2%), from €19,200 to €336
- Depreciation -€1,740
down €1,740 (-4.7%), from €36,860 to €35,121
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 | €1,049,834 | €1,024,094 | -€25,739 | -2.5% |
| Fixed assets | 21/28 | €433,441 | €513,320 | +€79,879 | +18.4% |
| Tangible fixed assets | 22/27 | €108,441 | €73,320 | -€35,121 | -32.4% |
| Land and buildings | 22 | €58,994 | €42,749 | -€16,245 | -27.5% |
| Plant, machinery and equipment | 23 | €2,651 | €1,525 | -€1,126 | -42.5% |
| Furniture and vehicles | 24 | €46,796 | €29,046 | -€17,750 | -37.9% |
| Financial fixed assets | 28 | €325,000 | €440,000 | +€115,000 | +35.4% |
| Current assets | 29/58 | €616,393 | €510,774 | -€105,618 | -17.1% |
| Amounts receivable within one year | 40/41 | €161,042 | €111,604 | -€49,438 | -30.7% |
| Trade receivables | 40 | €154,837 | €101,006 | -€53,830 | -34.8% |
| Other amounts receivable | 41 | €6,205 | €10,597 | +€4,392 | +70.8% |
| Current investments | 50/53 | - | €101,000 | +€101,000 | |
| Cash at bank and in hand | 54/58 | €447,693 | €292,125 | -€155,567 | -34.7% |
| Deferred charges and accrued income | 490/1 | €7,658 | €6,045 | -€1,613 | -21.1% |
| Total equity and liabilities | 10/49 | €1,049,834 | €1,024,094 | -€25,739 | -2.5% |
| Equity | 10/15 | €936,609 | €772,178 | -€164,431 | -17.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €918,009 | €755,685 | -€162,323 | -17.7% |
| Tax-exempt reserves | 132 | €1,009 | €1,009 | = | 0.0% |
| Distributable reserves | 133 | €916,999 | €754,676 | -€162,323 | -17.7% |
| Profit (loss) carried forward | 14 | - | -€2,107 | -€2,107 | |
| Amounts payable | 17/49 | €113,225 | €251,917 | +€138,692 | +122.5% |
| Amounts payable within one year | 42/48 | €105,907 | €243,550 | +€137,643 | +130.0% |
| Trade debts | 44 | €6,477 | €6,172 | -€306 | -4.7% |
| Suppliers | 440/4 | €6,477 | €6,172 | -€306 | -4.7% |
| Taxes, remuneration and social security | 45 | €18,444 | €11,510 | -€6,934 | -37.6% |
| Taxes | 450/3 | €18,444 | €11,510 | -€6,934 | -37.6% |
| Other amounts payable | 47/48 | €80,985 | €225,869 | +€144,883 | +178.9% |
| Accrued charges and deferred income | 492/3 | €7,318 | €8,367 | +€1,048 | +14.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €36,860 | €35,121 | -€1,740 | -4.7% |
| Other operating charges | 640/8 | €2,924 | €2,386 | -€538 | -18.4% |
| Non-recurring operating charges | 66A | €338 | €0 | -€338 | -100.0% |
| Gross operating margin | 9900 | €111,629 | €27,781 | -€83,848 | -75.1% |
| Operating profit (loss) | 9901 | €71,507 | -€9,726 | -€81,233 | |
| Financial income | 75/76B | €2,121 | €3,111 | +€990 | +46.7% |
| Recurring financial income | 75 | €2,121 | €3,111 | +€990 | +46.7% |
| Non-recurring financial income | 76B | €0 | - | = | |
| Financial charges | 65/66B | €6,735 | €7,480 | +€745 | +11.1% |
| Recurring financial charges | 65 | €6,735 | €7,480 | +€745 | +11.1% |
| Profit (loss) for the period before taxes | 9903 | €66,892 | -€14,095 | -€80,987 | |
| Income taxes | 67/77 | €19,200 | €336 | -€18,864 | -98.2% |
| Profit (loss) for the period | 9904 | €47,692 | -€14,431 | -€62,123 | |
| Profit (loss) for the period to be appropriated | 9905 | €47,692 | -€14,431 | -€62,123 |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.