MITZLAVV: 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.
MITZLAVV
Largest movements
- Tangible fixed assets +€53,847
up €53,847 (+238.3%), from €22,600 to €76,447
of which Other tangible fixed assets: +€54,179
- Cash -€38,955
down €38,955 (-34.4%), from €113,196 to €74,242
mainly Investment in fixed assets (net) (-€62,100) and Other debts (-€5,212)
- Receivables within one year +€5,142
up €5,142 (+50.8%), from €10,112 to €15,254
of which Trade receivables: +€5,847
- Reserves +€27,000
up €27,000 (+58.7%), from €46,000 to €73,000
- Other debts -€5,212
down €5,212 (-23.9%), from €21,785 to €16,573
- Trade debts -€4,000
down €4,000 (-90.4%), from €4,422 to €423
- Gross operating margin -€8,894
down €8,894 (-15.5%), from €57,389 to €48,495
- Taxes +€6,827
up €6,827 (+159.1%), from €4,291 to €11,119
- Write-downs -€3,400
down €3,400 (-100.0%), from €3,400 to €0
- Depreciation +€1,440
up €1,440 (+21.1%), from €6,813 to €8,253
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 | €146,304 | €166,369 | +€20,065 | +13.7% |
| Fixed assets | 21/28 | €22,600 | €76,447 | +€53,847 | +238.3% |
| Tangible fixed assets | 22/27 | €22,600 | €76,447 | +€53,847 | +238.3% |
| Plant, machinery and equipment | 23 | €0 | - | = | |
| Furniture and vehicles | 24 | €1,607 | €1,276 | -€332 | -20.6% |
| Other tangible fixed assets | 26 | €20,992 | €75,171 | +€54,179 | +258.1% |
| Current assets | 29/58 | €123,705 | €89,923 | -€33,782 | -27.3% |
| Amounts receivable within one year | 40/41 | €10,112 | €15,254 | +€5,142 | +50.8% |
| Trade receivables | 40 | €9,395 | €15,242 | +€5,847 | +62.2% |
| Other amounts receivable | 41 | €718 | €12 | -€706 | -98.4% |
| Cash at bank and in hand | 54/58 | €113,196 | €74,242 | -€38,955 | -34.4% |
| Deferred charges and accrued income | 490/1 | €396 | €427 | +€31 | +7.8% |
| Total equity and liabilities | 10/49 | €146,304 | €166,369 | +€20,065 | +13.7% |
| Equity | 10/15 | €112,153 | €139,961 | +€27,807 | +24.8% |
| Contributions | 10/11 | €50,000 | €50,000 | = | 0.0% |
| Reserves | 13 | €46,000 | €73,000 | +€27,000 | +58.7% |
| Distributable reserves | 133 | €46,000 | €73,000 | +€27,000 | +58.7% |
| Profit (loss) carried forward | 14 | €16,153 | €16,961 | +€807 | +5.0% |
| Amounts payable | 17/49 | €34,151 | €26,409 | -€7,742 | -22.7% |
| Amounts payable within one year | 42/48 | €34,151 | €26,409 | -€7,742 | -22.7% |
| Trade debts | 44 | €4,422 | €423 | -€4,000 | -90.4% |
| Suppliers | 440/4 | €4,422 | €423 | -€4,000 | -90.4% |
| Taxes, remuneration and social security | 45 | €7,943 | €9,412 | +€1,469 | +18.5% |
| Taxes | 450/3 | €6,124 | €7,578 | +€1,455 | +23.8% |
| Remuneration and social security | 454/9 | €1,820 | €1,834 | +€14 | +0.8% |
| Other amounts payable | 47/48 | €21,785 | €16,573 | -€5,212 | -23.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,813 | €8,253 | +€1,440 | +21.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €3,400 | €0 | -€3,400 | -100.0% |
| Other operating charges | 640/8 | €743 | €932 | +€189 | +25.5% |
| Gross operating margin | 9900 | €57,389 | €48,495 | -€8,894 | -15.5% |
| Operating profit (loss) | 9901 | €46,433 | €39,310 | -€7,123 | -15.3% |
| Financial income | 75/76B | €0 | €0 | +€0 | |
| Recurring financial income | 75 | €0 | €0 | +€0 | |
| Financial charges | 65/66B | €314 | €384 | +€71 | +22.5% |
| Recurring financial charges | 65 | €314 | €384 | +€71 | +22.5% |
| Profit (loss) for the period before taxes | 9903 | €46,120 | €38,926 | -€7,193 | -15.6% |
| Income taxes | 67/77 | €4,291 | €11,119 | +€6,827 | +159.1% |
| Profit (loss) for the period | 9904 | €41,828 | €27,807 | -€14,021 | -33.5% |
| Profit (loss) for the period to be appropriated | 9905 | €41,828 | €27,807 | -€14,021 | -33.5% |
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.