MITISARCH: 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.
MITISARCH
Largest movements
- Current investments +€100,000
up €100,000, from €0 to €100,000
- Cash -€69,702
down €69,702 (-58.3%), from €119,513 to €49,811
mainly Contributions, distributions and other (-€230,371) and Current investments (-€100,000)
- Receivables within one year -€36,981
down €36,981 (-60.4%), from €61,259 to €24,278
of which Trade receivables: -€28,029
- Tangible fixed assets -€2,384
down €2,384 (-60.2%), from €3,961 to €1,576
- Reserves -€159,018
down €159,018 (-100.0%), from €159,018 to €0
- Other debts +€154,269
up €154,269 (+3335.7%), from €4,625 to €158,893
- Trade debts -€2,845
down €2,845 (-60.8%), from €4,680 to €1,835
- Gross operating margin -€9,936
down €9,936 (-9.5%), from €104,117 to €94,180
- Depreciation -€5,358
down €5,358 (-65.2%), from €8,213 to €2,854
- Taxes -€1,271
down €1,271 (-6.1%), from €20,704 to €19,432
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €185,330 | €177,020 | -€8,310 | -4.5% |
| Fixed assets | 21/28 | €3,961 | €1,576 | -€2,384 | -60.2% |
| Tangible fixed assets | 22/27 | €3,961 | €1,576 | -€2,384 | -60.2% |
| Furniture and vehicles | 24 | €3,961 | €1,576 | -€2,384 | -60.2% |
| Current assets | 29/58 | €181,369 | €175,444 | -€5,925 | -3.3% |
| Amounts receivable within one year | 40/41 | €61,259 | €24,278 | -€36,981 | -60.4% |
| Trade receivables | 40 | €52,118 | €24,089 | -€28,029 | -53.8% |
| Other amounts receivable | 41 | €9,141 | €189 | -€8,952 | -97.9% |
| Current investments | 50/53 | €0 | €100,000 | +€100,000 | |
| Cash at bank and in hand | 54/58 | €119,513 | €49,811 | -€69,702 | -58.3% |
| Deferred charges and accrued income | 490/1 | €598 | €1,356 | +€758 | +126.9% |
| Total equity and liabilities | 10/49 | €185,330 | €177,020 | -€8,310 | -4.5% |
| Equity | 10/15 | €164,018 | €5,000 | -€159,018 | -97.0% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €159,018 | €0 | -€159,018 | -100.0% |
| Distributable reserves | 133 | €159,018 | €0 | -€159,018 | -100.0% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €21,312 | €172,020 | +€150,709 | +707.2% |
| Amounts payable within one year | 42/48 | €21,312 | €172,020 | +€150,709 | +707.2% |
| Trade debts | 44 | €4,680 | €1,835 | -€2,845 | -60.8% |
| Suppliers | 440/4 | €4,680 | €1,835 | -€2,845 | -60.8% |
| Taxes, remuneration and social security | 45 | €12,007 | €11,292 | -€714 | -6.0% |
| Taxes | 450/3 | €12,007 | €11,292 | -€714 | -6.0% |
| Other amounts payable | 47/48 | €4,625 | €158,893 | +€154,269 | +3335.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,213 | €2,854 | -€5,358 | -65.2% |
| Other operating charges | 640/8 | €916 | €1,109 | +€193 | +21.1% |
| Non-recurring operating charges | 66A | €576 | €704 | +€128 | +22.2% |
| Gross operating margin | 9900 | €104,117 | €94,180 | -€9,936 | -9.5% |
| Operating profit (loss) | 9901 | €94,412 | €89,512 | -€4,899 | -5.2% |
| Financial income | 75/76B | €1,105 | €1,356 | +€251 | +22.7% |
| Recurring financial income | 75 | €1,105 | €1,356 | +€251 | +22.7% |
| Financial charges | 65/66B | €81 | €83 | +€2 | +2.1% |
| Recurring financial charges | 65 | €81 | €83 | +€2 | +2.1% |
| Profit (loss) for the period before taxes | 9903 | €95,435 | €90,786 | -€4,650 | -4.9% |
| Income taxes | 67/77 | €20,704 | €19,432 | -€1,271 | -6.1% |
| Profit (loss) for the period | 9904 | €74,732 | €71,353 | -€3,379 | -4.5% |
| Profit (loss) for the period to be appropriated | 9905 | €74,732 | €71,353 | -€3,379 | -4.5% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2025 and 30 June 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.