MITZPEH: 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.
MITZPEH
Largest movements
- Tangible fixed assets -€23,166
down €23,166 (-12.0%), from €193,409 to €170,244
of which Land and buildings: -€22,466
- Cash -€8,281
down €8,281 (-77.0%), from €10,755 to €2,474
mainly Other debts (-€17,187) and Net result for the year (-€12,341)
- Other debts -€17,187
down €17,187 (-17.5%), from €98,389 to €81,201
- Profit (loss) carried forward -€12,341
down €12,341 (-73.3%), from -€16,834 to -€29,175
- Tax, wage and social debts -€4,198
down €4,198 (-82.7%), from €5,078 to €880
- Financial charges -€2,146
down €2,146 (-24.9%), from €8,621 to €6,475
- Gross operating margin +€1,435
up €1,435 (+8.5%), from €16,851 to €18,286
- Taxes -€587
down €587 (-75.6%), from €776 to €190
- Depreciation -€472
down €472 (-2.0%), from €23,638 to €23,166
- Financial income -€250
down €250 (-12.2%), from €2,055 to €1,805
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 | €308,188 | €275,513 | -€32,675 | -10.6% |
| Fixed assets | 21/28 | €194,049 | €170,244 | -€23,806 | -12.3% |
| Tangible fixed assets | 22/27 | €193,409 | €170,244 | -€23,166 | -12.0% |
| Land and buildings | 22 | €135,484 | €113,018 | -€22,466 | -16.6% |
| Furniture and vehicles | 24 | €1,925 | €1,226 | -€700 | -36.3% |
| Other tangible fixed assets | 26 | €56,000 | €56,000 | = | 0.0% |
| Financial fixed assets | 28 | €640 | €0 | -€640 | -100.0% |
| Current assets | 29/58 | €114,139 | €105,269 | -€8,869 | -7.8% |
| Amounts receivable within one year | 40/41 | €3,713 | €3,685 | -€28 | -0.8% |
| Trade receivables | 40 | €3,113 | €3,025 | -€88 | -2.8% |
| Other amounts receivable | 41 | €600 | €660 | +€60 | +10.0% |
| Current investments | 50/53 | €99,319 | €97,552 | -€1,767 | -1.8% |
| Cash at bank and in hand | 54/58 | €10,755 | €2,474 | -€8,281 | -77.0% |
| Deferred charges and accrued income | 490/1 | €352 | €1,558 | +€1,206 | +342.9% |
| Total equity and liabilities | 10/49 | €308,188 | €275,513 | -€32,675 | -10.6% |
| Equity | 10/15 | €203,153 | €190,812 | -€12,341 | -6.1% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €157,987 | €157,987 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Distributable reserves | 133 | €151,787 | €151,787 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€16,834 | -€29,175 | -€12,341 | -73.3% |
| Amounts payable | 17/49 | €105,035 | €84,700 | -€20,334 | -19.4% |
| Amounts payable within one year | 42/48 | €105,035 | €84,700 | -€20,334 | -19.4% |
| Trade debts | 44 | €1,568 | €2,619 | +€1,051 | +67.0% |
| Suppliers | 440/4 | €1,568 | €2,619 | +€1,051 | +67.0% |
| Taxes, remuneration and social security | 45 | €5,078 | €880 | -€4,198 | -82.7% |
| Taxes | 450/3 | €5,078 | €880 | -€4,198 | -82.7% |
| Other amounts payable | 47/48 | €98,389 | €81,201 | -€17,187 | -17.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,638 | €23,166 | -€472 | -2.0% |
| Other operating charges | 640/8 | €2,704 | €2,601 | -€103 | -3.8% |
| Gross operating margin | 9900 | €16,851 | €18,286 | +€1,435 | +8.5% |
| Operating profit (loss) | 9901 | -€9,491 | -€7,481 | +€2,010 | +21.2% |
| Financial income | 75/76B | €2,055 | €1,805 | -€250 | -12.2% |
| Recurring financial income | 75 | €2,055 | €1,805 | -€250 | -12.2% |
| Financial charges | 65/66B | €8,621 | €6,475 | -€2,146 | -24.9% |
| Recurring financial charges | 65 | €8,621 | €6,475 | -€2,146 | -24.9% |
| Profit (loss) for the period before taxes | 9903 | -€16,058 | -€12,151 | +€3,906 | +24.3% |
| Income taxes | 67/77 | €776 | €190 | -€587 | -75.6% |
| Profit (loss) for the period | 9904 | -€16,834 | -€12,341 | +€4,493 | +26.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€16,834 | -€12,341 | +€4,493 | +26.7% |
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 9 October 2026 via checked.be.