MITHRILTRAFIC: 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.
MITHRILTRAFIC
Largest movements
- Cash +€36,496
up €36,496 (+479.7%), from €7,607 to €44,103
mainly Stocks and contracts (+€34,565) and Net result for the year (+€22,751)
- Stocks and contracts -€34,565
no longer reported in 2025 (was €34,565)
- Tangible fixed assets -€12,969
down €12,969 (-17.0%), from €76,450 to €63,481
of which Land and buildings: -€10,536
- Receivables within one year +€8,440
up €8,440 (+15.0%), from €56,080 to €64,520
of which Trade receivables: +€9,036
- Debts after one year -€10,103
no longer reported in 2025 (was €10,103)
- Trade debts +€9,210
up €9,210 (+406.1%), from €2,268 to €11,479
- Gross operating margin +€5,322
up €5,322 (+11.1%), from €48,156 to €53,479
- Financial charges -€2,011
down €2,011 (-73.1%), from €2,752 to €741
- Taxes +€1,796
up €1,796 (+19.3%), from €9,322 to €11,118
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 | €263,556 | €263,159 | -€397 | -0.2% |
| Fixed assets | 21/28 | €76,450 | €63,481 | -€12,969 | -17.0% |
| Tangible fixed assets | 22/27 | €76,450 | €63,481 | -€12,969 | -17.0% |
| Land and buildings | 22 | €47,939 | €37,402 | -€10,536 | -22.0% |
| Plant, machinery and equipment | 23 | €405 | €5,623 | +€5,218 | +1289.0% |
| Furniture and vehicles | 24 | €28,106 | €20,456 | -€7,650 | -27.2% |
| Current assets | 29/58 | €187,106 | €199,679 | +€12,572 | +6.7% |
| Stocks and contracts in progress | 3 | €34,565 | - | -€34,565 | |
| Stocks | 30/36 | €34,565 | - | -€34,565 | |
| Amounts receivable within one year | 40/41 | €56,080 | €64,520 | +€8,440 | +15.0% |
| Trade receivables | 40 | €25,106 | €34,142 | +€9,036 | +36.0% |
| Other amounts receivable | 41 | €30,974 | €30,378 | -€596 | -1.9% |
| Current investments | 50/53 | €83,899 | €85,907 | +€2,008 | +2.4% |
| Cash at bank and in hand | 54/58 | €7,607 | €44,103 | +€36,496 | +479.7% |
| Deferred charges and accrued income | 490/1 | €4,955 | €5,149 | +€193 | +3.9% |
| Total equity and liabilities | 10/49 | €263,556 | €263,159 | -€397 | -0.2% |
| Equity | 10/15 | €234,441 | €233,327 | -€1,114 | -0.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €119,474 | €118,360 | -€1,114 | -0.9% |
| Tax-exempt reserves | 132 | €55,000 | €55,000 | = | 0.0% |
| Distributable reserves | 133 | €64,474 | €63,360 | -€1,114 | -1.7% |
| Profit (loss) carried forward | 14 | €96,367 | €96,367 | = | 0.0% |
| Amounts payable | 17/49 | €29,115 | €29,833 | +€717 | +2.5% |
| Amounts payable after more than one year | 17 | €10,103 | - | -€10,103 | |
| Financial debts | 170/4 | €10,103 | - | -€10,103 | |
| Amounts payable within one year | 42/48 | €18,990 | €28,764 | +€9,774 | +51.5% |
| Current portion of amounts payable after more than one year | 42 | €13,400 | €12,103 | -€1,296 | -9.7% |
| Trade debts | 44 | €2,268 | €11,479 | +€9,210 | +406.1% |
| Suppliers | 440/4 | €2,268 | €11,479 | +€9,210 | +406.1% |
| Taxes, remuneration and social security | 45 | €3,323 | €5,182 | +€1,859 | +56.0% |
| Taxes | 450/3 | €3,323 | €5,182 | +€1,859 | +56.0% |
| Accrued charges and deferred income | 492/3 | €22 | €1,069 | +€1,047 | +4784.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,931 | €19,255 | +€325 | +1.7% |
| Other operating charges | 640/8 | €620 | €537 | -€83 | -13.4% |
| Gross operating margin | 9900 | €48,156 | €53,479 | +€5,322 | +11.1% |
| Operating profit (loss) | 9901 | €28,606 | €33,686 | +€5,081 | +17.8% |
| Financial income | 75/76B | €1,223 | €924 | -€299 | -24.5% |
| Recurring financial income | 75 | €1,223 | €924 | -€299 | -24.5% |
| Financial charges | 65/66B | €2,752 | €741 | -€2,011 | -73.1% |
| Recurring financial charges | 65 | €2,752 | €741 | -€2,011 | -73.1% |
| Profit (loss) for the period before taxes | 9903 | €27,076 | €33,869 | +€6,793 | +25.1% |
| Income taxes | 67/77 | €9,322 | €11,118 | +€1,796 | +19.3% |
| Profit (loss) for the period | 9904 | €17,755 | €22,751 | +€4,996 | +28.1% |
| Profit (loss) for the period to be appropriated | 9905 | €17,755 | €22,751 | +€4,996 | +28.1% |
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 3 October 2026 via checked.be.