MITROFAN: 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.
MITROFAN
Largest movements
- Receivables within one year -€107,195
down €107,195 (-19.9%), from €539,652 to €432,457
of which Trade receivables: -€129,544
- Cash -€69,587
down €69,587 (-85.8%), from €81,132 to €11,545
mainly Trade debts (-€192,392) and Debts after one year (-€10,136)
- Tangible fixed assets -€12,788
down €12,788 (-40.2%), from €31,775 to €18,987
of which Furniture and vehicles: -€11,901
- Trade debts -€192,392
down €192,392 (-56.2%), from €342,329 to €149,937
- Reserves +€17,000
up €17,000 (+9.3%), from €182,943 to €199,943
of which Distributable reserves: +€17,000
- Debts after one year -€10,136
down €10,136 (-70.1%), from €14,450 to €4,314
- Gross operating margin +€28,656
up €28,656 (+51.0%), from €56,145 to €84,802
- Write-downs +€25,210
new in 2024: €25,210
- Staff costs +€6,027
up €6,027 (+47.5%), from €12,685 to €18,712
- Other operating charges -€1,042
down €1,042 (-61.4%), from €1,699 to €656
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.
Derived cash bridge
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 | €664,637 | €472,204 | -€192,433 | -29.0% |
| Fixed assets | 21/28 | €37,516 | €24,728 | -€12,788 | -34.1% |
| Tangible fixed assets | 22/27 | €31,775 | €18,987 | -€12,788 | -40.2% |
| Plant, machinery and equipment | 23 | €888 | €0 | -€888 | -100.0% |
| Furniture and vehicles | 24 | €30,887 | €18,986 | -€11,901 | -38.5% |
| Financial fixed assets | 28 | €5,741 | €5,741 | = | 0.0% |
| Current assets | 29/58 | €627,121 | €447,476 | -€179,645 | -28.6% |
| Amounts receivable within one year | 40/41 | €539,652 | €432,457 | -€107,195 | -19.9% |
| Trade receivables | 40 | €509,366 | €379,823 | -€129,544 | -25.4% |
| Other amounts receivable | 41 | €30,286 | €52,634 | +€22,348 | +73.8% |
| Cash at bank and in hand | 54/58 | €81,132 | €11,545 | -€69,587 | -85.8% |
| Deferred charges and accrued income | 490/1 | €6,337 | €3,475 | -€2,862 | -45.2% |
| Total equity and liabilities | 10/49 | €664,637 | €472,204 | -€192,433 | -29.0% |
| Equity | 10/15 | €281,644 | €298,657 | +€17,013 | +6.0% |
| Contributions | 10/11 | €30,000 | €30,000 | = | 0.0% |
| Reserves | 13 | €182,943 | €199,943 | +€17,000 | +9.3% |
| Non-distributable reserves | 130/1 | €3,000 | €3,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €3,000 | €3,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €16,813 | €16,813 | = | 0.0% |
| Distributable reserves | 133 | €163,130 | €180,130 | +€17,000 | +10.4% |
| Profit (loss) carried forward | 14 | €68,701 | €68,714 | +€13 | 0.0% |
| Amounts payable | 17/49 | €382,993 | €173,547 | -€209,446 | -54.7% |
| Amounts payable after more than one year | 17 | €14,450 | €4,314 | -€10,136 | -70.1% |
| Financial debts | 170/4 | €14,450 | €4,314 | -€10,136 | -70.1% |
| Amounts payable within one year | 42/48 | €368,543 | €169,233 | -€199,310 | -54.1% |
| Current portion of amounts payable after more than one year | 42 | €9,837 | €10,136 | +€299 | +3.0% |
| Financial debts | 43 | €1,468 | €1,128 | -€340 | -23.1% |
| Credit institutions | 430/8 | €1,468 | €1,128 | -€340 | -23.1% |
| Trade debts | 44 | €342,329 | €149,937 | -€192,392 | -56.2% |
| Suppliers | 440/4 | €342,329 | €149,937 | -€192,392 | -56.2% |
| Taxes, remuneration and social security | 45 | €13,625 | €8,031 | -€5,594 | -41.1% |
| Taxes | 450/3 | €8,290 | €2,274 | -€6,016 | -72.6% |
| Remuneration and social security | 454/9 | €5,335 | €5,758 | +€423 | +7.9% |
| Other amounts payable | 47/48 | €1,284 | - | -€1,284 | |
| Non-recurring operating income | 76A | €600 | - | -€600 | |
| Remuneration, social security and pensions | 62 | €12,685 | €18,712 | +€6,027 | +47.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,787 | €12,788 | +€1 | 0.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €25,210 | +€25,210 | |
| Other operating charges | 640/8 | €1,699 | €656 | -€1,042 | -61.4% |
| Gross operating margin | 9900 | €56,145 | €84,802 | +€28,656 | +51.0% |
| Operating profit (loss) | 9901 | €28,974 | €27,435 | -€1,539 | -5.3% |
| Financial charges | 65/66B | €3,397 | €3,066 | -€331 | -9.8% |
| Recurring financial charges | 65 | €3,397 | €3,066 | -€331 | -9.8% |
| Profit (loss) for the period before taxes | 9903 | €25,577 | €24,369 | -€1,208 | -4.7% |
| Income taxes | 67/77 | €7,976 | €7,356 | -€620 | -7.8% |
| Profit (loss) for the period | 9904 | €17,601 | €17,013 | -€588 | -3.3% |
| Profit (loss) for the period to be appropriated | 9905 | €17,601 | €17,013 | -€588 | -3.3% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.