MITRAS ENGINEERING: 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.
MITRAS ENGINEERING
Largest movements
- Cash +€16,288
up €16,288 (+152.5%), from €10,682 to €26,970
mainly Net result for the year (+€11,822) and Deferred charges and accrued income (+€6,091)
- Deferred charges and accrued income -€6,091
down €6,091 (-94.3%), from €6,458 to €367
- Receivables within one year -€1,678
down €1,678 (-19.0%), from €8,826 to €7,148
- Tangible fixed assets -€1,007
down €1,007 (-50.9%), from €1,978 to €971
- Reserves +€10,000
up €10,000 (+100.0%), from €10,000 to €20,000
- Tax, wage and social debts -€4,310
down €4,310 (-61.0%), from €7,066 to €2,757
- Profit (loss) carried forward +€1,822
up €1,822 (+64.2%), from €2,837 to €4,660
- Staff costs +€5,144
up €5,144 (+9.6%), from €53,744 to €58,887
- Gross operating margin +€3,871
up €3,871 (+5.3%), from €73,232 to €77,103
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €27,944 | €35,456 | +€7,513 | +26.9% |
| Fixed assets | 21/28 | €1,978 | €971 | -€1,007 | -50.9% |
| Tangible fixed assets | 22/27 | €1,978 | €971 | -€1,007 | -50.9% |
| Plant, machinery and equipment | 23 | €1,978 | €971 | -€1,007 | -50.9% |
| Current assets | 29/58 | €25,966 | €34,485 | +€8,519 | +32.8% |
| Amounts receivable within one year | 40/41 | €8,826 | €7,148 | -€1,678 | -19.0% |
| Trade receivables | 40 | €8,826 | €7,148 | -€1,678 | -19.0% |
| Cash at bank and in hand | 54/58 | €10,682 | €26,970 | +€16,288 | +152.5% |
| Deferred charges and accrued income | 490/1 | €6,458 | €367 | -€6,091 | -94.3% |
| Total equity and liabilities | 10/49 | €27,944 | €35,456 | +€7,513 | +26.9% |
| Equity | 10/15 | €14,837 | €26,660 | +€11,822 | +79.7% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €10,000 | €20,000 | +€10,000 | +100.0% |
| Distributable reserves | 133 | €10,000 | €20,000 | +€10,000 | +100.0% |
| Profit (loss) carried forward | 14 | €2,837 | €4,660 | +€1,822 | +64.2% |
| Amounts payable | 17/49 | €13,106 | €8,797 | -€4,310 | -32.9% |
| Amounts payable within one year | 42/48 | €13,106 | €8,797 | -€4,310 | -32.9% |
| Trade debts | 44 | €242 | €242 | = | 0.0% |
| Suppliers | 440/4 | €242 | €242 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €7,066 | €2,757 | -€4,310 | -61.0% |
| Taxes | 450/3 | €7,066 | €2,757 | -€4,310 | -61.0% |
| Other amounts payable | 47/48 | €5,798 | €5,798 | = | 0.0% |
| Remuneration, social security and pensions | 62 | €53,744 | €58,887 | +€5,144 | +9.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,043 | €1,007 | -€36 | -3.4% |
| Other operating charges | 640/8 | €162 | €62 | -€100 | -61.7% |
| Gross operating margin | 9900 | €73,232 | €77,103 | +€3,871 | +5.3% |
| Operating profit (loss) | 9901 | €18,284 | €17,147 | -€1,137 | -6.2% |
| Financial charges | 65/66B | €69 | €39 | -€30 | -43.4% |
| Recurring financial charges | 65 | €69 | €39 | -€30 | -43.4% |
| Profit (loss) for the period before taxes | 9903 | €18,215 | €17,108 | -€1,107 | -6.1% |
| Income taxes | 67/77 | €5,377 | €5,286 | -€91 | -1.7% |
| Profit (loss) for the period | 9904 | €12,837 | €11,822 | -€1,015 | -7.9% |
| Profit (loss) for the period to be appropriated | 9905 | €12,837 | €11,822 | -€1,015 | -7.9% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 September 2026 via checked.be.