MITIUM: 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.
MITIUM
Largest movements
- Tangible fixed assets -€27,530
down €27,530 (-5.4%), from €512,526 to €484,996
of which Plant, machinery and equipment: -€14,307
- Receivables within one year -€18,884
down €18,884 (-61.6%), from €30,639 to €11,755
- Stocks and contracts +€18,764
up €18,764 (+39.8%), from €47,159 to €65,923
- Cash -€10,378
down €10,378 (-21.2%), from €49,015 to €38,637
mainly Debts after one year (-€41,290) and Investment in fixed assets (net) (-€40,660)
- Debts after one year -€41,290
down €41,290 (-16.7%), from €247,326 to €206,036
- Tax, wage and social debts +€18,678
up €18,678 (+34.5%), from €54,109 to €72,787
of which Remuneration and social security: +€20,529
- Short-term financial debts -€7,029
down €7,029 (-4.2%), from €167,073 to €160,044
- Staff costs +€30,026
up €30,026 (+17.6%), from €170,364 to €200,390
- Gross operating margin -€18,186
down €18,186 (-6.1%), from €299,100 to €280,914
- Taxes -€5,240
down €5,240 (-94.0%), from €5,574 to €334
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 | €641,039 | €603,655 | -€37,384 | -5.8% |
| Fixed assets | 21/28 | €514,226 | €486,696 | -€27,530 | -5.4% |
| Intangible fixed assets | 21 | €1,700 | €1,700 | = | 0.0% |
| Tangible fixed assets | 22/27 | €512,526 | €484,996 | -€27,530 | -5.4% |
| Land and buildings | 22 | €201,537 | €195,582 | -€5,955 | -3.0% |
| Plant, machinery and equipment | 23 | €171,784 | €157,477 | -€14,307 | -8.3% |
| Furniture and vehicles | 24 | €6,693 | €5,493 | -€1,200 | -17.9% |
| Other tangible fixed assets | 26 | €131,512 | €126,444 | -€5,068 | -3.9% |
| Assets under construction and advance payments | 27 | €1,000 | - | -€1,000 | |
| Current assets | 29/58 | €126,813 | €116,959 | -€9,854 | -7.8% |
| Stocks and contracts in progress | 3 | €47,159 | €65,923 | +€18,764 | +39.8% |
| Stocks | 30/36 | €47,159 | €65,923 | +€18,764 | +39.8% |
| Amounts receivable within one year | 40/41 | €30,639 | €11,755 | -€18,884 | -61.6% |
| Trade receivables | 40 | €30,639 | €11,755 | -€18,884 | -61.6% |
| Cash at bank and in hand | 54/58 | €49,015 | €38,637 | -€10,378 | -21.2% |
| Deferred charges and accrued income | 490/1 | - | €644 | +€644 | |
| Total equity and liabilities | 10/49 | €641,039 | €603,655 | -€37,384 | -5.8% |
| Equity | 10/15 | €82,185 | €83,090 | +€905 | +1.1% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €72,185 | €73,090 | +€905 | +1.3% |
| Amounts payable | 17/49 | €558,854 | €520,565 | -€38,289 | -6.9% |
| Amounts payable after more than one year | 17 | €247,326 | €206,036 | -€41,290 | -16.7% |
| Financial debts | 170/4 | €247,326 | €206,036 | -€41,290 | -16.7% |
| Amounts payable within one year | 42/48 | €306,528 | €308,729 | +€2,201 | +0.7% |
| Current portion of amounts payable after more than one year | 42 | €44,730 | €41,289 | -€3,441 | -7.7% |
| Financial debts | 43 | €167,073 | €160,044 | -€7,029 | -4.2% |
| Other loans | 439 | €167,073 | €160,044 | -€7,029 | -4.2% |
| Trade debts | 44 | €40,616 | €34,609 | -€6,007 | -14.8% |
| Suppliers | 440/4 | €40,616 | €34,609 | -€6,007 | -14.8% |
| Taxes, remuneration and social security | 45 | €54,109 | €72,787 | +€18,678 | +34.5% |
| Taxes | 450/3 | €28,356 | €26,505 | -€1,851 | -6.5% |
| Remuneration and social security | 454/9 | €25,753 | €46,282 | +€20,529 | +79.7% |
| Accrued charges and deferred income | 492/3 | €5,000 | €5,800 | +€800 | +16.0% |
| Remuneration, social security and pensions | 62 | €170,364 | €200,390 | +€30,026 | +17.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €69,003 | €68,190 | -€813 | -1.2% |
| Other operating charges | 640/8 | €701 | €1,052 | +€351 | +50.1% |
| Non-recurring operating charges | 66A | €23,066 | - | -€23,066 | |
| Gross operating margin | 9900 | €299,100 | €280,914 | -€18,186 | -6.1% |
| Operating profit (loss) | 9901 | €35,966 | €11,282 | -€24,684 | -68.6% |
| Financial charges | 65/66B | €10,096 | €10,043 | -€53 | -0.5% |
| Recurring financial charges | 65 | €10,096 | €10,043 | -€53 | -0.5% |
| Profit (loss) for the period before taxes | 9903 | €25,870 | €1,239 | -€24,631 | -95.2% |
| Income taxes | 67/77 | €5,574 | €334 | -€5,240 | -94.0% |
| Profit (loss) for the period | 9904 | €20,296 | €905 | -€19,391 | -95.5% |
| Profit (loss) for the period to be appropriated | 9905 | €20,296 | €905 | -€19,391 | -95.5% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 13 October 2026 via checked.be.