Mithril: 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.
Mithril
Largest movements
- Cash -€21,344
down €21,344 (-33.2%), from €64,373 to €43,028
mainly Contributions, distributions and other (-€45,000) and Tax, wage and social debts (-€20,272)
- Receivables within one year +€5,916
up €5,916 (+17.5%), from €33,895 to €39,811
- Tangible fixed assets -€4,887
down €4,887 (-17.8%), from €27,457 to €22,570
of which Furniture and vehicles: -€7,995
- Tax, wage and social debts -€20,272
down €20,272 (-61.4%), from €33,034 to €12,762
of which Remuneration and social security: -€14,169
- Profit (loss) carried forward +€4,600
up €4,600 (+20.6%), from €22,375 to €26,976
- Other debts -€4,118
down €4,118 (-8.2%), from €50,000 to €45,882
- Gross operating margin -€79,752
down €79,752 (-50.4%), from €158,376 to €78,624
- Staff costs -€78,239
down €78,239 (-94.6%), from €82,730 to €4,490
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.
Derived cash bridge
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 | €128,270 | €107,547 | -€20,723 | -16.2% |
| Fixed assets | 21/28 | €27,457 | €22,570 | -€4,887 | -17.8% |
| Tangible fixed assets | 22/27 | €27,457 | €22,570 | -€4,887 | -17.8% |
| Plant, machinery and equipment | 23 | €0 | €3,108 | +€3,108 | |
| Furniture and vehicles | 24 | €27,457 | €19,461 | -€7,995 | -29.1% |
| Current assets | 29/58 | €100,813 | €84,978 | -€15,836 | -15.7% |
| Amounts receivable within one year | 40/41 | €33,895 | €39,811 | +€5,916 | +17.5% |
| Trade receivables | 40 | €33,895 | €39,811 | +€5,916 | +17.5% |
| Cash at bank and in hand | 54/58 | €64,373 | €43,028 | -€21,344 | -33.2% |
| Deferred charges and accrued income | 490/1 | €2,546 | €2,138 | -€408 | -16.0% |
| Total equity and liabilities | 10/49 | €128,270 | €107,547 | -€20,723 | -16.2% |
| Equity | 10/15 | €42,835 | €47,436 | +€4,600 | +10.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €22,375 | €26,976 | +€4,600 | +20.6% |
| Amounts payable | 17/49 | €85,435 | €60,111 | -€25,323 | -29.6% |
| Amounts payable within one year | 42/48 | €85,132 | €59,812 | -€25,321 | -29.7% |
| Trade debts | 44 | €2,098 | €1,168 | -€930 | -44.3% |
| Suppliers | 440/4 | €2,098 | €1,168 | -€930 | -44.3% |
| Taxes, remuneration and social security | 45 | €33,034 | €12,762 | -€20,272 | -61.4% |
| Taxes | 450/3 | €18,195 | €12,092 | -€6,102 | -33.5% |
| Remuneration and social security | 454/9 | €14,839 | €670 | -€14,169 | -95.5% |
| Other amounts payable | 47/48 | €50,000 | €45,882 | -€4,118 | -8.2% |
| Accrued charges and deferred income | 492/3 | €303 | €300 | -€3 | -0.9% |
| Remuneration, social security and pensions | 62 | €82,730 | €4,490 | -€78,239 | -94.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,532 | €8,953 | -€578 | -6.1% |
| Other operating charges | 640/8 | €717 | €642 | -€75 | -10.4% |
| Gross operating margin | 9900 | €158,376 | €78,624 | -€79,752 | -50.4% |
| Operating profit (loss) | 9901 | €65,397 | €64,538 | -€859 | -1.3% |
| Financial charges | 65/66B | €37 | €37 | = | 0.0% |
| Recurring financial charges | 65 | €37 | €37 | = | 0.0% |
| Profit (loss) for the period before taxes | 9903 | €65,360 | €64,501 | -€859 | -1.3% |
| Income taxes | 67/77 | €15,915 | €14,900 | -€1,015 | -6.4% |
| Profit (loss) for the period | 9904 | €49,445 | €49,600 | +€155 | +0.3% |
| Profit (loss) for the period to be appropriated | 9905 | €49,445 | €49,600 | +€155 | +0.3% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 17 October 2026 via checked.be.