THOMAS MITSIS POLYTECHNIQUE: 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.
THOMAS MITSIS POLYTECHNIQUE
Largest movements
- Cash +€53,057
up €53,057 (+937.4%), from €5,660 to €58,717
mainly Net result for the year (+€61,979) and Other debts (+€30,000)
- Receivables within one year +€7,315
up €7,315 (+11.2%), from €65,265 to €72,580
of which Other amounts receivable: +€11,989
- Reserves +€31,979
up €31,979 (+75.6%), from €42,304 to €74,283
of which Distributable reserves: +€31,979
- Other debts +€30,000
new in 2024: €30,000
- Tax, wage and social debts +€20,948
up €20,948 (+288.3%), from €7,266 to €28,214
- Trade debts -€15,303
down €15,303 (-65.7%), from €23,295 to €7,992
- Debts after one year -€6,427
down €6,427 (-48.6%), from €13,227 to €6,799
- Gross operating margin +€59,735
up €59,735 (+186.0%), from €32,122 to €91,857
- Taxes +€11,779
up €11,779 (+165.3%), from €7,124 to €18,903
- Financial income -€4,022
down €4,022 (-95.8%), from €4,199 to €178
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €98,434 | €160,083 | +€61,649 | +62.6% |
| Fixed assets | 21/28 | €26,877 | €27,971 | +€1,094 | +4.1% |
| Tangible fixed assets | 22/27 | €26,877 | €27,971 | +€1,094 | +4.1% |
| Plant, machinery and equipment | 23 | €3,953 | - | -€3,953 | |
| Furniture and vehicles | 24 | €22,924 | €27,971 | +€5,046 | +22.0% |
| Current assets | 29/58 | €71,557 | €132,112 | +€60,555 | +84.6% |
| Amounts receivable within one year | 40/41 | €65,265 | €72,580 | +€7,315 | +11.2% |
| Trade receivables | 40 | €21,706 | €17,032 | -€4,674 | -21.5% |
| Other amounts receivable | 41 | €43,559 | €55,548 | +€11,989 | +27.5% |
| Cash at bank and in hand | 54/58 | €5,660 | €58,717 | +€53,057 | +937.4% |
| Deferred charges and accrued income | 490/1 | €632 | €815 | +€183 | +29.0% |
| Total equity and liabilities | 10/49 | €98,434 | €160,083 | +€61,649 | +62.6% |
| Equity | 10/15 | €48,504 | €80,483 | +€31,979 | +65.9% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €42,304 | €74,283 | +€31,979 | +75.6% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €40,444 | €72,423 | +€31,979 | +79.1% |
| Amounts payable | 17/49 | €49,930 | €79,600 | +€29,670 | +59.4% |
| Amounts payable after more than one year | 17 | €13,227 | €6,799 | -€6,427 | -48.6% |
| Financial debts | 170/4 | €13,227 | €6,799 | -€6,427 | -48.6% |
| Amounts payable within one year | 42/48 | €36,622 | €72,634 | +€36,012 | +98.3% |
| Current portion of amounts payable after more than one year | 42 | €6,060 | €6,427 | +€367 | +6.1% |
| Trade debts | 44 | €23,295 | €7,992 | -€15,303 | -65.7% |
| Suppliers | 440/4 | €23,295 | €7,992 | -€15,303 | -65.7% |
| Taxes, remuneration and social security | 45 | €7,266 | €28,214 | +€20,948 | +288.3% |
| Taxes | 450/3 | €7,266 | €28,214 | +€20,948 | +288.3% |
| Other amounts payable | 47/48 | - | €30,000 | +€30,000 | |
| Accrued charges and deferred income | 492/3 | €82 | €167 | +€85 | +104.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,470 | €8,153 | -€317 | -3.7% |
| Other operating charges | 640/8 | €2,004 | €1,150 | -€854 | -42.6% |
| Gross operating margin | 9900 | €32,122 | €91,857 | +€59,735 | +186.0% |
| Operating profit (loss) | 9901 | €21,648 | €82,554 | +€60,906 | +281.3% |
| Financial income | 75/76B | €4,199 | €178 | -€4,022 | -95.8% |
| Recurring financial income | 75 | €4,199 | €178 | -€4,022 | -95.8% |
| Financial charges | 65/66B | €2,276 | €1,850 | -€426 | -18.7% |
| Recurring financial charges | 65 | €2,276 | €1,850 | -€426 | -18.7% |
| Profit (loss) for the period before taxes | 9903 | €23,571 | €80,881 | +€57,310 | +243.1% |
| Income taxes | 67/77 | €7,124 | €18,903 | +€11,779 | +165.3% |
| Profit (loss) for the period | 9904 | €16,447 | €61,979 | +€45,532 | +276.8% |
| Profit (loss) for the period to be appropriated | 9905 | €16,447 | €61,979 | +€45,532 | +276.8% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.