MITHOS: 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.
MITHOS
Largest movements
- Cash -€32,132
down €32,132 (-12.4%), from €258,509 to €226,377
mainly Contributions, distributions and other (-€600,000) and Investment in fixed assets (net) (-€4,235)
- Tangible fixed assets -€11,981
down €11,981 (-51.8%), from €23,129 to €11,148
of which Furniture and vehicles: -€12,977
- Reserves -€310,654
down €310,654 (-66.3%), from €468,222 to €157,567
- Other debts +€255,475
up €255,475 (+2,233%), from €11,443 to €266,917
- Tax, wage and social debts +€5,206
up €5,206 (+226%), from €2,300 to €7,506
- Financial income -€31,341
down €31,341 (-60.8%), from €51,578 to €20,237
- Gross operating margin +€20,225
up €20,225 (+5.6%), from €363,664 to €383,889
- Taxes +€7,830
up €7,830 (+8.8%), from €88,743 to €96,573
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.
Derived cash bridge
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 | €501,335 | €452,827 | -€48,508 | -9.7% |
| Fixed assets | 21/28 | €231,883 | €219,902 | -€11,981 | -5.2% |
| Tangible fixed assets | 22/27 | €23,129 | €11,148 | -€11,981 | -51.8% |
| Plant, machinery and equipment | 23 | €10,152 | €11,148 | +€996 | +9.8% |
| Furniture and vehicles | 24 | €12,977 | - | -€12,977 | |
| Financial fixed assets | 28 | €208,754 | €208,754 | = | 0.0% |
| Current assets | 29/58 | €269,451 | €232,925 | -€36,526 | -13.6% |
| Amounts receivable within one year | 40/41 | €4,637 | €4,637 | = | 0.0% |
| Other amounts receivable | 41 | €4,637 | €4,637 | = | 0.0% |
| Current investments | 50/53 | €755 | €759 | +€5 | +0.6% |
| Cash at bank and in hand | 54/58 | €258,509 | €226,377 | -€32,132 | -12.4% |
| Deferred charges and accrued income | 490/1 | €5,551 | €1,152 | -€4,399 | -79.2% |
| Total equity and liabilities | 10/49 | €501,335 | €452,827 | -€48,508 | -9.7% |
| Equity | 10/15 | €486,822 | €176,167 | -€310,654 | -63.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €468,222 | €157,567 | -€310,654 | -66.3% |
| Distributable reserves | 133 | €468,222 | €157,567 | -€310,654 | -66.3% |
| Amounts payable | 17/49 | €14,513 | €276,660 | +€262,147 | +1,806% |
| Amounts payable within one year | 42/48 | €14,513 | €276,660 | +€262,147 | +1,806% |
| Trade debts | 44 | €770 | €2,236 | +€1,466 | +190% |
| Suppliers | 440/4 | €770 | €2,236 | +€1,466 | +190% |
| Taxes, remuneration and social security | 45 | €2,300 | €7,506 | +€5,206 | +226% |
| Taxes | 450/3 | €2,300 | €7,506 | +€5,206 | +226% |
| Other amounts payable | 47/48 | €11,443 | €266,917 | +€255,475 | +2,233% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,675 | €16,216 | +€542 | +3.5% |
| Other operating charges | 640/8 | €1,896 | €1,830 | -€66 | -3.5% |
| Gross operating margin | 9900 | €363,664 | €383,889 | +€20,225 | +5.6% |
| Operating profit (loss) | 9901 | €346,093 | €365,842 | +€19,749 | +5.7% |
| Financial income | 75/76B | €51,578 | €20,237 | -€31,341 | -60.8% |
| Recurring financial income | 75 | €51,578 | €20,237 | -€31,341 | -60.8% |
| Financial charges | 65/66B | €134 | €160 | +€27 | +19.8% |
| Recurring financial charges | 65 | €134 | €160 | +€27 | +19.8% |
| Profit (loss) for the period before taxes | 9903 | €397,537 | €385,919 | -€11,618 | -2.9% |
| Income taxes | 67/77 | €88,743 | €96,573 | +€7,830 | +8.8% |
| Profit (loss) for the period | 9904 | €308,794 | €289,346 | -€19,448 | -6.3% |
| Profit (loss) for the period to be appropriated | 9905 | €308,794 | €289,346 | -€19,448 | -6.3% |
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 19 October 2026 via checked.be.