MITRUT PROJECT: 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.
MITRUT PROJECT
Largest movements
- Receivables within one year +€50,610
up €50,610 (+30.9%), from €164,038 to €214,648
of which Other amounts receivable: +€72,003
- Tangible fixed assets +€24,488
up €24,488 (+92.9%), from €26,374 to €50,862
- Cash +€17,349
new in 2025: €17,349
mainly Net result for the year (+€82,833) and Other debts (+€25,000)
- Profit (loss) carried forward +€47,833
up €47,833 (+65.0%), from €73,539 to €121,372
- Other debts +€25,000
new in 2025: €25,000
- Tax, wage and social debts +€11,127
up €11,127 (+43.1%), from €25,802 to €36,929
- Reserves +€10,000
up €10,000 (+20.0%), from €50,000 to €60,000
- Purchases and services +€24,625
up €24,625 (+15.4%), from €159,827 to €184,453
- Turnover +€20,115
up €20,115 (+7.0%), from €289,349 to €309,464
- Gross operating margin -€4,510
down €4,510 (-3.5%), from €129,522 to €125,012
- Staff costs -€4,359
no longer reported in 2025 (was €4,359)
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 | €193,188 | €282,858 | +€89,671 | +46.4% |
| Fixed assets | 21/28 | €26,374 | €50,862 | +€24,488 | +92.9% |
| Tangible fixed assets | 22/27 | €26,374 | €50,862 | +€24,488 | +92.9% |
| Furniture and vehicles | 24 | €26,374 | €50,862 | +€24,488 | +92.9% |
| Current assets | 29/58 | €166,814 | €231,997 | +€65,183 | +39.1% |
| Amounts receivable within one year | 40/41 | €164,038 | €214,648 | +€50,610 | +30.9% |
| Trade receivables | 40 | €122,111 | €100,718 | -€21,393 | -17.5% |
| Other amounts receivable | 41 | €41,927 | €113,931 | +€72,003 | +171.7% |
| Current investments | 50/53 | €2,776 | - | -€2,776 | |
| Cash at bank and in hand | 54/58 | - | €17,349 | +€17,349 | |
| Total equity and liabilities | 10/49 | €193,188 | €282,858 | +€89,671 | +46.4% |
| Equity | 10/15 | €126,539 | €184,372 | +€57,833 | +45.7% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €50,000 | €60,000 | +€10,000 | +20.0% |
| Distributable reserves | 133 | €50,000 | €60,000 | +€10,000 | +20.0% |
| Profit (loss) carried forward | 14 | €73,539 | €121,372 | +€47,833 | +65.0% |
| Amounts payable | 17/49 | €66,648 | €98,486 | +€31,838 | +47.8% |
| Amounts payable within one year | 42/48 | €64,148 | €98,486 | +€34,338 | +53.5% |
| Trade debts | 44 | €38,347 | €36,557 | -€1,790 | -4.7% |
| Suppliers | 440/4 | €38,347 | €36,557 | -€1,790 | -4.7% |
| Taxes, remuneration and social security | 45 | €25,802 | €36,929 | +€11,127 | +43.1% |
| Taxes | 450/3 | €25,802 | €36,929 | +€11,127 | +43.1% |
| Other amounts payable | 47/48 | - | €25,000 | +€25,000 | |
| Accrued charges and deferred income | 492/3 | €2,500 | - | -€2,500 | |
| Turnover | 70 | €289,349 | €309,464 | +€20,115 | +7.0% |
| Goods, raw materials, services and sundry goods | 60/61 | €159,827 | €184,453 | +€24,625 | +15.4% |
| Remuneration, social security and pensions | 62 | €4,359 | - | -€4,359 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,716 | €9,088 | +€372 | +4.3% |
| Other operating charges | 640/8 | €6,197 | €7,562 | +€1,364 | +22.0% |
| Gross operating margin | 9900 | €129,522 | €125,012 | -€4,510 | -3.5% |
| Operating profit (loss) | 9901 | €110,249 | €108,362 | -€1,887 | -1.7% |
| Financial income | 75/76B | €25 | €1,024 | +€999 | +4021.0% |
| Recurring financial income | 75 | €25 | €1 | -€24 | -96.2% |
| Non-recurring financial income | 76B | - | €1,023 | +€1,023 | |
| Financial charges | 65/66B | €220 | €123 | -€97 | -44.0% |
| Recurring financial charges | 65 | €220 | €123 | -€97 | -44.0% |
| Profit (loss) for the period before taxes | 9903 | €110,053 | €109,263 | -€791 | -0.7% |
| Income taxes | 67/77 | €25,802 | €26,430 | +€628 | +2.4% |
| Profit (loss) for the period | 9904 | €84,252 | €82,833 | -€1,419 | -1.7% |
| Profit (loss) for the period to be appropriated | 9905 | €84,252 | €82,833 | -€1,419 | -1.7% |
Source: filed annual accounts (NBB), fiscal years ended 31 October 2024 and 31 October 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 2 October 2026 via checked.be.