MIXTAM: 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.
MIXTAM
Largest movements
- Financial fixed assets +€160,000
up €160,000 (+59.7%), from €268,050 to €428,050
- Receivables within one year +€92,530
up €92,530 (+139.5%), from €66,317 to €158,847
of which Other amounts receivable: +€112,113
- Cash -€54,576
down €54,576 (-70.6%), from €77,337 to €22,761
mainly Investment in fixed assets (net) (-€168,684) and Receivables within one year (-€92,530)
- Tangible fixed assets -€17,775
down €17,775 (-5.7%), from €313,662 to €295,887
of which Land and buildings: -€19,062
- Debts after one year +€82,820
up €82,820 (+24.7%), from €334,816 to €417,637
of which Financial debts: +€49,278
- Profit (loss) carried forward +€68,359
up €68,359 (+55562.6%), from €123 to €68,482
- Current portion of long-term debt +€30,825
up €30,825 (+43.2%), from €71,354 to €102,180
- Financial income -€6,862
down €6,862 (-83.3%), from €8,234 to €1,372
- Gross operating margin +€3,228
up €3,228 (+2.5%), from €128,593 to €131,822
- Depreciation -€1,796
down €1,796 (-6.4%), from €28,256 to €26,460
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 | €726,555 | €906,780 | +€180,225 | +24.8% |
| Fixed assets | 21/28 | €581,712 | €723,937 | +€142,225 | +24.4% |
| Tangible fixed assets | 22/27 | €313,662 | €295,887 | -€17,775 | -5.7% |
| Land and buildings | 22 | €310,591 | €291,529 | -€19,062 | -6.1% |
| Furniture and vehicles | 24 | €852 | €4,358 | +€3,506 | +411.5% |
| Leasing and similar rights | 25 | €2,220 | €0 | -€2,220 | -100.0% |
| Financial fixed assets | 28 | €268,050 | €428,050 | +€160,000 | +59.7% |
| Current assets | 29/58 | €144,842 | €182,842 | +€38,000 | +26.2% |
| Amounts receivable within one year | 40/41 | €66,317 | €158,847 | +€92,530 | +139.5% |
| Trade receivables | 40 | €25,515 | €5,931 | -€19,584 | -76.8% |
| Other amounts receivable | 41 | €40,803 | €152,916 | +€112,113 | +274.8% |
| Cash at bank and in hand | 54/58 | €77,337 | €22,761 | -€54,576 | -70.6% |
| Deferred charges and accrued income | 490/1 | €1,188 | €1,234 | +€46 | +3.9% |
| Total equity and liabilities | 10/49 | €726,555 | €906,780 | +€180,225 | +24.8% |
| Equity | 10/15 | €304,328 | €371,315 | +€66,987 | +22.0% |
| Contributions | 10/11 | €90,000 | €90,000 | = | 0.0% |
| Reserves | 13 | €195,000 | €195,000 | = | 0.0% |
| Distributable reserves | 133 | €195,000 | €195,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €123 | €68,482 | +€68,359 | +55562.6% |
| Investment grants | 15 | €19,205 | €17,833 | -€1,372 | -7.1% |
| Amounts payable | 17/49 | €422,227 | €535,465 | +€113,238 | +26.8% |
| Amounts payable after more than one year | 17 | €334,816 | €417,637 | +€82,820 | +24.7% |
| Financial debts | 170/4 | €321,902 | €371,180 | +€49,278 | +15.3% |
| Other amounts payable | 178/9 | €12,914 | €46,457 | +€33,543 | +259.7% |
| Amounts payable within one year | 42/48 | €87,411 | €117,828 | +€30,417 | +34.8% |
| Current portion of amounts payable after more than one year | 42 | €71,354 | €102,180 | +€30,825 | +43.2% |
| Trade debts | 44 | €14,178 | €13,420 | -€759 | -5.4% |
| Suppliers | 440/4 | €14,178 | €13,420 | -€759 | -5.4% |
| Taxes, remuneration and social security | 45 | €1,878 | €1,878 | = | 0.0% |
| Taxes | 450/3 | €1,878 | €1,878 | = | 0.0% |
| Other amounts payable | 47/48 | - | €351 | +€351 | |
| Remuneration, social security and pensions | 62 | €15 | €0 | -€15 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €28,256 | €26,460 | -€1,796 | -6.4% |
| Other operating charges | 640/8 | €5,455 | €5,166 | -€289 | -5.3% |
| Gross operating margin | 9900 | €128,593 | €131,822 | +€3,228 | +2.5% |
| Operating profit (loss) | 9901 | €94,867 | €100,196 | +€5,329 | +5.6% |
| Financial income | 75/76B | €8,234 | €1,372 | -€6,862 | -83.3% |
| Recurring financial income | 75 | €8,234 | €1,372 | -€6,862 | -83.3% |
| Financial charges | 65/66B | €11,397 | €10,457 | -€940 | -8.3% |
| Recurring financial charges | 65 | €11,397 | €10,457 | -€940 | -8.3% |
| Profit (loss) for the period before taxes | 9903 | €91,704 | €91,111 | -€593 | -0.6% |
| Income taxes | 67/77 | €21,878 | €22,752 | +€874 | +4.0% |
| Profit (loss) for the period | 9904 | €69,825 | €68,359 | -€1,466 | -2.1% |
| Profit (loss) for the period to be appropriated | 9905 | €69,825 | €68,359 | -€1,466 | -2.1% |
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 12 October 2026 via checked.be.