MITRA: 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.
MITRA
Largest movements
- Cash -€628,867
down €628,867 (-59.0%), from €1.1m to €436,681
mainly Other debts (-€913,073) and Contributions, distributions and other (-€150,000)
- Tangible fixed assets +€36,278
up €36,278 (+19.3%), from €187,894 to €224,172
of which Furniture and vehicles: +€47,181
- Stocks and contracts -€26,476
down €26,476 (-21.8%), from €121,613 to €95,137
- Other debts -€913,073
down €913,073 (-85.9%), from €1.1m to €150,000
- Trade debts +€385,171
up €385,171 (+395%), from €97,556 to €482,727
- Reserves +€254,077
up €254,077 (+1,914%), from €13,274 to €267,351
of which Distributable reserves: +€254,077
- Profit (loss) carried forward -€252,898
down €252,898 (-100%), from €252,898 to €0
- Advances received -€92,755
down €92,755 (-100%), from €92,755 to €0
- Gross operating margin -€1.1m
down €1.1m (-72.8%), from €1.5m to €401,293
- Taxes -€280,624
down €280,624 (-85.1%), from €329,590 to €48,967
- Financial charges +€123,023
up €123,023 (+1,298%), from €9,480 to €132,503
- Financial income +€83,155
up €83,155 (+586%), from €14,201 to €97,356
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 | €1,602,080 | €978,082 | -€623,998 | -38.9% |
| Fixed assets | 21/28 | €202,144 | €238,422 | +€36,278 | +17.9% |
| Tangible fixed assets | 22/27 | €187,894 | €224,172 | +€36,278 | +19.3% |
| Land and buildings | 22 | €82,604 | €77,805 | -€4,799 | -5.8% |
| Plant, machinery and equipment | 23 | €13,681 | €7,576 | -€6,105 | -44.6% |
| Furniture and vehicles | 24 | €91,609 | €138,790 | +€47,181 | +51.5% |
| Financial fixed assets | 28 | €14,250 | €14,250 | = | 0.0% |
| Current assets | 29/58 | €1,399,937 | €739,661 | -€660,276 | -47.2% |
| Stocks and contracts in progress | 3 | €121,613 | €95,137 | -€26,476 | -21.8% |
| Stocks | 30/36 | €121,613 | €95,137 | -€26,476 | -21.8% |
| Amounts receivable within one year | 40/41 | €212,776 | €207,843 | -€4,933 | -2.3% |
| Trade receivables | 40 | €0 | €32,950 | +€32,950 | |
| Other amounts receivable | 41 | €212,776 | €174,893 | -€37,882 | -17.8% |
| Cash at bank and in hand | 54/58 | €1,065,548 | €436,681 | -€628,867 | -59.0% |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €1,602,080 | €978,082 | -€623,998 | -38.9% |
| Equity | 10/15 | €328,146 | €329,325 | +€1,179 | +0.4% |
| Contributions | 10/11 | €61,973 | €61,973 | = | 0.0% |
| Capital | 10 | €61,973 | €61,973 | = | 0.0% |
| Issued capital | 100 | €61,973 | €61,973 | = | 0.0% |
| Reserves | 13 | €13,274 | €267,351 | +€254,077 | +1,914% |
| Non-distributable reserves | 130/1 | €6,197 | €6,197 | = | 0.0% |
| Legal reserve | 130 | €6,197 | €6,197 | = | 0.0% |
| Tax-exempt reserves | 132 | €7,077 | €7,077 | = | 0.0% |
| Distributable reserves | 133 | - | €254,077 | +€254,077 | |
| Profit (loss) carried forward | 14 | €252,898 | €0 | -€252,898 | -100% |
| Amounts payable | 17/49 | €1,273,935 | €648,758 | -€625,177 | -49.1% |
| Amounts payable within one year | 42/48 | €1,273,935 | €648,758 | -€625,177 | -49.1% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €97,556 | €482,727 | +€385,171 | +395% |
| Suppliers | 440/4 | €97,556 | €482,727 | +€385,171 | +395% |
| Advances received on contracts in progress | 46 | €92,755 | €0 | -€92,755 | -100% |
| Taxes, remuneration and social security | 45 | €20,550 | €16,031 | -€4,519 | -22.0% |
| Taxes | 450/3 | €10,507 | €1,760 | -€8,747 | -83.2% |
| Remuneration and social security | 454/9 | €10,043 | €14,271 | +€4,227 | +42.1% |
| Other amounts payable | 47/48 | €1,063,073 | €150,000 | -€913,073 | -85.9% |
| Non-recurring operating income | 76A | €879,983 | €0 | -€879,983 | -100% |
| Remuneration, social security and pensions | 62 | €100,320 | €101,427 | +€1,108 | +1.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €49,222 | €50,753 | +€1,531 | +3.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €14,701 | €0 | -€14,701 | -100% |
| Other operating charges | 640/8 | €8,128 | €13,821 | +€5,693 | +70.0% |
| Non-recurring operating charges | 66A | €626 | €0 | -€626 | -100% |
| Gross operating margin | 9900 | €1,476,261 | €401,293 | -€1.1m | -72.8% |
| Operating profit (loss) | 9901 | €1,303,266 | €235,293 | -€1.1m | -81.9% |
| Financial income | 75/76B | €14,201 | €97,356 | +€83,155 | +586% |
| Recurring financial income | 75 | €14,201 | €97,356 | +€83,155 | +586% |
| Financial charges | 65/66B | €9,480 | €132,503 | +€123,023 | +1,298% |
| Recurring financial charges | 65 | €9,480 | €132,503 | +€123,023 | +1,298% |
| Profit (loss) for the period before taxes | 9903 | €1,307,987 | €200,145 | -€1.1m | -84.7% |
| Income taxes | 67/77 | €329,590 | €48,967 | -€280,624 | -85.1% |
| Profit (loss) for the period | 9904 | €978,397 | €151,179 | -€827,218 | -84.5% |
| Profit (loss) for the period to be appropriated | 9905 | €978,397 | €151,179 | -€827,218 | -84.5% |
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 18 October 2026 via checked.be.