MITJE: 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.
MITJE
Largest movements
- Tangible fixed assets -€20,492
down €20,492 (-15.8%), from €130,104 to €109,612
of which Other tangible fixed assets: -€21,656
- Cash -€14,193
down €14,193 (-24.3%), from €58,395 to €44,203
mainly Net result for the year (-€40,889) and Debts after one year (-€19,510)
- Receivables within one year -€11,251
down €11,251 (-89.3%), from €12,601 to €1,350
- Reserves -€41,000
down €41,000 (-39.1%), from €104,968 to €63,968
of which Distributable reserves: -€41,000
- Debts after one year -€19,510
down €19,510 (-92.3%), from €21,149 to €1,639
- Trade debts +€14,434
up €14,434 (+186.2%), from €7,750 to €22,184
- Short-term financial debts -€4,000
no longer reported in 2025 (was €4,000)
- Staff costs +€27,643
up €27,643 (+20.9%), from €132,208 to €159,851
- Gross operating margin +€3,779
up €3,779 (+2.6%), from €143,934 to €147,713
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 | €210,876 | €163,428 | -€47,448 | -22.5% |
| Fixed assets | 21/28 | €130,154 | €109,662 | -€20,492 | -15.7% |
| Tangible fixed assets | 22/27 | €130,104 | €109,612 | -€20,492 | -15.8% |
| Plant, machinery and equipment | 23 | €1,392 | €371 | -€1,021 | -73.3% |
| Furniture and vehicles | 24 | €2,783 | €4,968 | +€2,185 | +78.5% |
| Other tangible fixed assets | 26 | €125,928 | €104,272 | -€21,656 | -17.2% |
| Financial fixed assets | 28 | €50 | €50 | = | 0.0% |
| Current assets | 29/58 | €80,722 | €53,766 | -€26,956 | -33.4% |
| Stocks and contracts in progress | 3 | €8,213 | €8,213 | = | 0.0% |
| Stocks | 30/36 | €8,213 | €8,213 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €12,601 | €1,350 | -€11,251 | -89.3% |
| Trade receivables | 40 | €12,601 | €1,350 | -€11,251 | -89.3% |
| Cash at bank and in hand | 54/58 | €58,395 | €44,203 | -€14,193 | -24.3% |
| Deferred charges and accrued income | 490/1 | €1,512 | - | -€1,512 | |
| Total equity and liabilities | 10/49 | €210,876 | €163,428 | -€47,448 | -22.5% |
| Equity | 10/15 | €118,998 | €78,109 | -€40,889 | -34.4% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €104,968 | €63,968 | -€41,000 | -39.1% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €23,108 | €23,108 | = | 0.0% |
| Distributable reserves | 133 | €80,000 | €39,000 | -€41,000 | -51.3% |
| Profit (loss) carried forward | 14 | €1,630 | €1,741 | +€111 | +6.8% |
| Amounts payable | 17/49 | €91,877 | €85,319 | -€6,559 | -7.1% |
| Amounts payable after more than one year | 17 | €21,149 | €1,639 | -€19,510 | -92.3% |
| Financial debts | 170/4 | €21,149 | €1,639 | -€19,510 | -92.3% |
| Amounts payable within one year | 42/48 | €70,729 | €83,680 | +€12,951 | +18.3% |
| Current portion of amounts payable after more than one year | 42 | €19,224 | €19,510 | +€285 | +1.5% |
| Financial debts | 43 | €4,000 | - | -€4,000 | |
| Credit institutions | 430/8 | €4,000 | - | -€4,000 | |
| Trade debts | 44 | €7,750 | €22,184 | +€14,434 | +186.2% |
| Suppliers | 440/4 | €7,750 | €22,184 | +€14,434 | +186.2% |
| Taxes, remuneration and social security | 45 | €38,493 | €40,500 | +€2,007 | +5.2% |
| Taxes | 450/3 | €11,077 | €14,899 | +€3,822 | +34.5% |
| Remuneration and social security | 454/9 | €27,416 | €25,601 | -€1,815 | -6.6% |
| Other amounts payable | 47/48 | €1,261 | €1,487 | +€225 | +17.8% |
| Remuneration, social security and pensions | 62 | €132,208 | €159,851 | +€27,643 | +20.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €25,460 | €26,702 | +€1,242 | +4.9% |
| Other operating charges | 640/8 | €295 | €303 | +€8 | +2.7% |
| Gross operating margin | 9900 | €143,934 | €147,713 | +€3,779 | +2.6% |
| Operating profit (loss) | 9901 | -€14,029 | -€39,143 | -€25,114 | -179.0% |
| Financial income | 75/76B | - | €1 | +€1 | |
| Recurring financial income | 75 | - | €1 | +€1 | |
| Financial charges | 65/66B | €1,916 | €1,687 | -€229 | -11.9% |
| Recurring financial charges | 65 | €1,916 | €1,687 | -€229 | -11.9% |
| Profit (loss) for the period before taxes | 9903 | -€15,945 | -€40,829 | -€24,885 | -156.1% |
| Income taxes | 67/77 | €59 | €60 | +€1 | +1.0% |
| Profit (loss) for the period | 9904 | -€16,004 | -€40,889 | -€24,885 | -155.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€16,004 | -€40,889 | -€24,885 | -155.5% |
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 4 October 2026 via checked.be.