Mithril: what changed
Mithril
Largest movements
- Cash -€21,344
down €21,344 (-33.2%), from €64,373 to €43,028
mainly Contributions, distributions and other (-€45,000) and Tax, wage and social debts (-€20,272)
- Receivables within one year +€5,916
up €5,916 (+17.5%), from €33,895 to €39,811
- Tangible fixed assets -€4,887
down €4,887 (-17.8%), from €27,457 to €22,570
of which Furniture and vehicles: -€7,995
- Tax, wage and social debts -€20,272
down €20,272 (-61.4%), from €33,034 to €12,762
of which Remuneration and social security: -€14,169
- Profit (loss) carried forward +€4,600
up €4,600 (+20.6%), from €22,375 to €26,976
- Other debts -€4,118
down €4,118 (-8.2%), from €50,000 to €45,882
- Gross operating margin -€79,752
down €79,752 (-50.4%), from €158,376 to €78,624
- Staff costs -€78,239
down €78,239 (-94.6%), from €82,730 to €4,490
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €128,270 | €107,547 | -€20,723 | -16.2% |
| Fixed assets | 21/28 | €27,457 | €22,570 | -€4,887 | -17.8% |
| Tangible fixed assets | 22/27 | €27,457 | €22,570 | -€4,887 | -17.8% |
| Plant, machinery and equipment | 23 | €0 | €3,108 | +€3,108 | |
| Furniture and vehicles | 24 | €27,457 | €19,461 | -€7,995 | -29.1% |
| Current assets | 29/58 | €100,813 | €84,978 | -€15,836 | -15.7% |
| Amounts receivable within one year | 40/41 | €33,895 | €39,811 | +€5,916 | +17.5% |
| Trade receivables | 40 | €33,895 | €39,811 | +€5,916 | +17.5% |
| Cash at bank and in hand | 54/58 | €64,373 | €43,028 | -€21,344 | -33.2% |
| Deferred charges and accrued income | 490/1 | €2,546 | €2,138 | -€408 | -16.0% |
| Total equity and liabilities | 10/49 | €128,270 | €107,547 | -€20,723 | -16.2% |
| Equity | 10/15 | €42,835 | €47,436 | +€4,600 | +10.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €22,375 | €26,976 | +€4,600 | +20.6% |
| Amounts payable | 17/49 | €85,435 | €60,111 | -€25,323 | -29.6% |
| Amounts payable within one year | 42/48 | €85,132 | €59,812 | -€25,321 | -29.7% |
| Trade debts | 44 | €2,098 | €1,168 | -€930 | -44.3% |
| Suppliers | 440/4 | €2,098 | €1,168 | -€930 | -44.3% |
| Taxes, remuneration and social security | 45 | €33,034 | €12,762 | -€20,272 | -61.4% |
| Taxes | 450/3 | €18,195 | €12,092 | -€6,102 | -33.5% |
| Remuneration and social security | 454/9 | €14,839 | €670 | -€14,169 | -95.5% |
| Other amounts payable | 47/48 | €50,000 | €45,882 | -€4,118 | -8.2% |
| Accrued charges and deferred income | 492/3 | €303 | €300 | -€3 | -0.9% |
| Remuneration, social security and pensions | 62 | €82,730 | €4,490 | -€78,239 | -94.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,532 | €8,953 | -€578 | -6.1% |
| Other operating charges | 640/8 | €717 | €642 | -€75 | -10.4% |
| Gross operating margin | 9900 | €158,376 | €78,624 | -€79,752 | -50.4% |
| Operating profit (loss) | 9901 | €65,397 | €64,538 | -€859 | -1.3% |
| Financial charges | 65/66B | €37 | €37 | = | 0.0% |
| Recurring financial charges | 65 | €37 | €37 | = | 0.0% |
| Profit (loss) for the period before taxes | 9903 | €65,360 | €64,501 | -€859 | -1.3% |
| Income taxes | 67/77 | €15,915 | €14,900 | -€1,015 | -6.4% |
| Profit (loss) for the period | 9904 | €49,445 | €49,600 | +€155 | +0.3% |
| Profit (loss) for the period to be appropriated | 9905 | €49,445 | €49,600 | +€155 | +0.3% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 5 November 2026 via checked.be.