MITSF: 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.
MITSF
Largest movements
- Cash +€38,508
up €38,508 (+6474.5%), from €595 to €39,103
mainly Net result for the year (+€70,398) and Depreciation (+€372)
- Receivables within one year +€25,042
up €25,042 (+58.9%), from €42,523 to €67,565
of which Trade receivables: +€27,488
- Profit (loss) carried forward +€70,398
up €70,398 (+86.0%), from -€81,861 to -€11,463
- Other debts -€3,146
no longer reported in 2025 (was €3,146)
- Trade debts -€2,613
down €2,613 (-54.0%), from €4,835 to €2,222
- Tax, wage and social debts -€1,488
no longer reported in 2025 (was €1,488)
of which Remuneration and social security: -€1,467
- Gross operating margin +€137,089
up €137,089, from -€66,737 to €70,352
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 | €44,532 | €107,683 | +€63,151 | +141.8% |
| Fixed assets | 21/28 | €1,387 | €1,015 | -€372 | -26.8% |
| Tangible fixed assets | 22/27 | €372 | - | -€372 | |
| Furniture and vehicles | 24 | €372 | - | -€372 | |
| Financial fixed assets | 28 | €1,015 | €1,015 | = | 0.0% |
| Current assets | 29/58 | €43,145 | €106,668 | +€63,523 | +147.2% |
| Amounts receivable within one year | 40/41 | €42,523 | €67,565 | +€25,042 | +58.9% |
| Trade receivables | 40 | €38,515 | €66,004 | +€27,488 | +71.4% |
| Other amounts receivable | 41 | €4,008 | €1,561 | -€2,447 | -61.1% |
| Cash at bank and in hand | 54/58 | €595 | €39,103 | +€38,508 | +6474.5% |
| Deferred charges and accrued income | 490/1 | €27 | - | -€27 | |
| Total equity and liabilities | 10/49 | €44,532 | €107,683 | +€63,151 | +141.8% |
| Equity | 10/15 | €35,063 | €105,461 | +€70,398 | +200.8% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Outside capital | 11 | €12,400 | - | -€12,400 | |
| Other | 1109/19 | €12,400 | - | -€12,400 | |
| Reserves | 13 | €104,524 | €104,524 | = | 0.0% |
| Distributable reserves | 133 | €104,524 | €104,524 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€81,861 | -€11,463 | +€70,398 | +86.0% |
| Amounts payable | 17/49 | €9,469 | €2,222 | -€7,247 | -76.5% |
| Amounts payable within one year | 42/48 | €9,469 | €2,222 | -€7,247 | -76.5% |
| Trade debts | 44 | €4,835 | €2,222 | -€2,613 | -54.0% |
| Suppliers | 440/4 | €4,835 | €2,222 | -€2,613 | -54.0% |
| Taxes, remuneration and social security | 45 | €1,488 | - | -€1,488 | |
| Taxes | 450/3 | €21 | - | -€21 | |
| Remuneration and social security | 454/9 | €1,467 | - | -€1,467 | |
| Other amounts payable | 47/48 | €3,146 | - | -€3,146 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €647 | €372 | -€275 | -42.5% |
| Other operating charges | 640/8 | €139 | €240 | +€101 | +73.1% |
| Gross operating margin | 9900 | -€66,737 | €70,352 | +€137,089 | |
| Operating profit (loss) | 9901 | -€67,523 | €69,740 | +€137,263 | |
| Financial income | 75/76B | €877 | €1,001 | +€124 | +14.1% |
| Recurring financial income | 75 | €877 | €1,001 | +€124 | +14.1% |
| Financial charges | 65/66B | €165 | €343 | +€178 | +108.2% |
| Recurring financial charges | 65 | €165 | €343 | +€178 | +108.2% |
| Profit (loss) for the period before taxes | 9903 | -€66,810 | €70,398 | +€137,208 | |
| Profit (loss) for the period | 9904 | -€66,810 | €70,398 | +€137,208 | |
| Profit (loss) for the period to be appropriated | 9905 | -€66,810 | €70,398 | +€137,208 |
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 6 October 2026 via checked.be.