MittiCo: 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.
MittiCo
Largest movements
- Cash -€70,686
down €70,686 (-60.4%), from €117,111 to €46,425
mainly Stocks and contracts (-€42,317) and Trade debts (-€34,020)
- Stocks and contracts +€42,317
up €42,317 (+42.8%), from €98,844 to €141,161
- Tangible fixed assets +€9,989
up €9,989 (+201.4%), from €4,959 to €14,947
of which Other tangible fixed assets: +€10,216
- Receivables within one year +€8,727
up €8,727 (+243.3%), from €3,588 to €12,315
- Profit (loss) carried forward +€70,668
up €70,668 (+98.3%), from -€71,901 to -€1,233
- Trade debts -€34,020
down €34,020 (-74.7%), from €45,525 to €11,505
- Current portion of long-term debt -€16,733
down €16,733 (-18.9%), from €88,479 to €71,746
- Tax, wage and social debts -€15,273
down €15,273 (-28.6%), from €53,484 to €38,211
of which Taxes: -€11,854
- Other debts -€10,461
down €10,461 (-19.5%), from €53,686 to €43,225
- Gross operating margin +€45,876
up €45,876 (+36.6%), from €125,314 to €171,190
- Depreciation -€9,003
down €9,003 (-66.9%), from €13,466 to €4,463
- Staff costs +€7,682
up €7,682 (+10.1%), from €75,895 to €83,577
- Taxes +€5,831
up €5,831 (+1877.0%), from €311 to €6,142
- Financial charges -€4,481
down €4,481 (-43.9%), from €10,217 to €5,736
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 | €231,234 | €221,665 | -€9,569 | -4.1% |
| Fixed assets | 21/28 | €9,759 | €19,747 | +€9,989 | +102.4% |
| Tangible fixed assets | 22/27 | €4,959 | €14,947 | +€9,989 | +201.4% |
| Plant, machinery and equipment | 23 | €227 | - | -€227 | |
| Other tangible fixed assets | 26 | €4,732 | €14,947 | +€10,216 | +215.9% |
| Financial fixed assets | 28 | €4,800 | €4,800 | = | 0.0% |
| Current assets | 29/58 | €221,476 | €201,917 | -€19,558 | -8.8% |
| Stocks and contracts in progress | 3 | €98,844 | €141,161 | +€42,317 | +42.8% |
| Stocks | 30/36 | €98,844 | €141,161 | +€42,317 | +42.8% |
| Amounts receivable within one year | 40/41 | €3,588 | €12,315 | +€8,727 | +243.3% |
| Trade receivables | 40 | €3,588 | €12,315 | +€8,727 | +243.3% |
| Cash at bank and in hand | 54/58 | €117,111 | €46,425 | -€70,686 | -60.4% |
| Deferred charges and accrued income | 490/1 | €1,932 | €2,016 | +€83 | +4.3% |
| Total equity and liabilities | 10/49 | €231,234 | €221,665 | -€9,569 | -4.1% |
| Equity | 10/15 | -€14,694 | €55,974 | +€70,668 | |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €38,607 | €38,607 | = | 0.0% |
| Distributable reserves | 133 | €38,607 | €38,607 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€71,901 | -€1,233 | +€70,668 | +98.3% |
| Amounts payable | 17/49 | €245,928 | €165,691 | -€80,237 | -32.6% |
| Amounts payable within one year | 42/48 | €241,174 | €164,687 | -€76,486 | -31.7% |
| Current portion of amounts payable after more than one year | 42 | €88,479 | €71,746 | -€16,733 | -18.9% |
| Trade debts | 44 | €45,525 | €11,505 | -€34,020 | -74.7% |
| Suppliers | 440/4 | €45,525 | €11,505 | -€34,020 | -74.7% |
| Taxes, remuneration and social security | 45 | €53,484 | €38,211 | -€15,273 | -28.6% |
| Taxes | 450/3 | €40,341 | €28,487 | -€11,854 | -29.4% |
| Remuneration and social security | 454/9 | €13,144 | €9,724 | -€3,420 | -26.0% |
| Other amounts payable | 47/48 | €53,686 | €43,225 | -€10,461 | -19.5% |
| Accrued charges and deferred income | 492/3 | €4,754 | €1,003 | -€3,751 | -78.9% |
| Remuneration, social security and pensions | 62 | €75,895 | €83,577 | +€7,682 | +10.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,466 | €4,463 | -€9,003 | -66.9% |
| Other operating charges | 640/8 | €553 | €751 | +€198 | +35.7% |
| Non-recurring operating charges | 66A | - | €244 | +€244 | |
| Gross operating margin | 9900 | €125,314 | €171,190 | +€45,876 | +36.6% |
| Operating profit (loss) | 9901 | €35,399 | €82,155 | +€46,756 | +132.1% |
| Financial income | 75/76B | €1,961 | €390 | -€1,572 | -80.1% |
| Recurring financial income | 75 | €1,961 | €390 | -€1,572 | -80.1% |
| Financial charges | 65/66B | €10,217 | €5,736 | -€4,481 | -43.9% |
| Recurring financial charges | 65 | €10,217 | €5,736 | -€4,481 | -43.9% |
| Profit (loss) for the period before taxes | 9903 | €27,144 | €76,809 | +€49,666 | +183.0% |
| Income taxes | 67/77 | €311 | €6,142 | +€5,831 | +1877.0% |
| Profit (loss) for the period | 9904 | €26,833 | €70,668 | +€43,835 | +163.4% |
| Profit (loss) for the period to be appropriated | 9905 | €26,833 | €70,668 | +€43,835 | +163.4% |
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 11 October 2026 via checked.be.