MITIO: what changed
What changed
MITIO
NACE 71.113, Urban planning and landscape architecture
filed annual accounts (NBB)
Net result for the year
€276,481
2024 · €358,374-€81,893
Equity
€576,559
2024 · €1.0m-€432,774
Cash
€329,629
2024 · €685,620-€355,992
Balance sheet total
€1.7m
2024 · €2.3m-€575,346
Largest movements
Assets
- Cash -€355,992
down €355,992 (-51.9%), from €685,620 to €329,629
mainly Contributions, distributions and other (-€709,255) and Trade debts (-€336,642)
- Receivables within one year -€132,353
down €132,353 (-10.3%), from €1.3m to €1.2m
of which Trade receivables: -€137,694
- Current investments -€63,000
down €63,000 (-100%), from €63,000 to €0
- Deferred charges and accrued income -€27,328
down €27,328 (-37.1%), from €73,724 to €46,396
Equity and liabilities
- Reserves -€432,774
down €432,774 (-43.2%), from €1.0m to €570,059
- Trade debts -€336,642
down €336,642 (-43.1%), from €781,542 to €444,900
- Other debts +€153,676
up €153,676 (+131%), from €117,515 to €271,191
- Tax, wage and social debts +€53,886
up €53,886 (+18.0%), from €299,350 to €353,237
of which Remuneration and social security: +€70,741
Income statement
- Staff costs +€513,285
up €513,285 (+24.8%), from €2.1m to €2.6m
- Gross operating margin +€431,737
up €431,737 (+16.5%), from €2.6m to €3.0m
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€358,374
Gross operating margin
+€431,737
Staff costs
-€513,285
Depreciation
-€1,609
Other operating charges
-€5,969
Other operating items
-€481
Financial income
+€4,006
Financial charges
-€24,005
Taxes
+€27,713
Result 2025
€276,481
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€345,782
Investment
+€20,722
Financing
-€722,496
Cash 2024
€685,620
From operations (derived)
+€345,782
Net result for the year
+€276,481
Depreciation
+€53,951
Receivables after one year
-€15,000
Receivables within one year
+€132,353
Deferred charges and accrued income
+€27,328
Trade debts
-€336,642
Tax, wage and social debts
+€53,886
Other debts
+€153,676
Accrued charges and deferred income
-€252
Investment (derived)
+€20,722
Investment in fixed assets (net)
-€42,278
Current investments
+€63,000
Financing
-€722,496
Debts after one year
-€13,844
Current portion of long-term debt
+€603
Contributions, distributions and other
-€709,255
Cash 2025
€329,629
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,281,324 | €1,705,979 | -€575,346 | -25.2% |
| Fixed assets | 21/28 | €168,548 | €156,876 | -€11,673 | -6.9% |
| Tangible fixed assets | 22/27 | €168,248 | €156,576 | -€11,673 | -6.9% |
| Plant, machinery and equipment | 23 | €84,626 | €72,790 | -€11,836 | -14.0% |
| Furniture and vehicles | 24 | €83,622 | €83,786 | +€163 | +0.2% |
| Financial fixed assets | 28 | €300 | €300 | = | 0.0% |
| Current assets | 29/58 | €2,112,776 | €1,549,103 | -€563,673 | -26.7% |
| Amounts receivable after more than one year | 29 | - | €15,000 | +€15,000 | |
| Other amounts receivable | 291 | - | €15,000 | +€15,000 | |
| Amounts receivable within one year | 40/41 | €1,290,431 | €1,158,078 | -€132,353 | -10.3% |
| Trade receivables | 40 | €1,286,367 | €1,148,673 | -€137,694 | -10.7% |
| Other amounts receivable | 41 | €4,064 | €9,405 | +€5,341 | +131% |
| Current investments | 50/53 | €63,000 | €0 | -€63,000 | -100% |
| Cash at bank and in hand | 54/58 | €685,620 | €329,629 | -€355,992 | -51.9% |
| Deferred charges and accrued income | 490/1 | €73,724 | €46,396 | -€27,328 | -37.1% |
| Total equity and liabilities | 10/49 | €2,281,324 | €1,705,979 | -€575,346 | -25.2% |
| Equity | 10/15 | €1,009,333 | €576,559 | -€432,774 | -42.9% |
| Contributions | 10/11 | €6,500 | €6,500 | = | 0.0% |
| Reserves | 13 | €1,002,833 | €570,059 | -€432,774 | -43.2% |
| Distributable reserves | 133 | €1,002,833 | €570,059 | -€432,774 | -43.2% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €1,271,991 | €1,129,419 | -€142,572 | -11.2% |
| Amounts payable after more than one year | 17 | €58,963 | €45,119 | -€13,844 | -23.5% |
| Financial debts | 170/4 | €58,963 | €45,119 | -€13,844 | -23.5% |
| Amounts payable within one year | 42/48 | €1,212,776 | €1,084,301 | -€128,476 | -10.6% |
| Current portion of amounts payable after more than one year | 42 | €14,369 | €14,972 | +€603 | +4.2% |
| Trade debts | 44 | €781,542 | €444,900 | -€336,642 | -43.1% |
| Suppliers | 440/4 | €781,542 | €444,900 | -€336,642 | -43.1% |
| Taxes, remuneration and social security | 45 | €299,350 | €353,237 | +€53,886 | +18.0% |
| Taxes | 450/3 | €93,155 | €76,301 | -€16,854 | -18.1% |
| Remuneration and social security | 454/9 | €206,195 | €276,936 | +€70,741 | +34.3% |
| Other amounts payable | 47/48 | €117,515 | €271,191 | +€153,676 | +131% |
| Accrued charges and deferred income | 492/3 | €252 | €0 | -€252 | -100% |
| Remuneration, social security and pensions | 62 | €2,068,028 | €2,581,313 | +€513,285 | +24.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €52,342 | €53,951 | +€1,609 | +3.1% |
| Other operating charges | 640/8 | €78 | €6,046 | +€5,969 | +7,669% |
| Non-recurring operating charges | 66A | - | €481 | +€481 | |
| Gross operating margin | 9900 | €2,614,357 | €3,046,094 | +€431,737 | +16.5% |
| Operating profit (loss) | 9901 | €493,910 | €404,302 | -€89,608 | -18.1% |
| Financial income | 75/76B | €5,508 | €9,514 | +€4,006 | +72.7% |
| Recurring financial income | 75 | €5,508 | €5,559 | +€51 | +0.9% |
| Non-recurring financial income | 76B | - | €3,955 | +€3,955 | |
| Financial charges | 65/66B | €4,225 | €28,229 | +€24,005 | +568% |
| Recurring financial charges | 65 | €4,225 | €28,229 | +€24,005 | +568% |
| Profit (loss) for the period before taxes | 9903 | €495,193 | €385,587 | -€109,606 | -22.1% |
| Income taxes | 67/77 | €136,819 | €109,106 | -€27,713 | -20.3% |
| Profit (loss) for the period | 9904 | €358,374 | €276,481 | -€81,893 | -22.9% |
| Profit (loss) for the period to be appropriated | 9905 | €358,374 | €276,481 | -€81,893 | -22.9% |
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 5 November 2026 via checked.be.