2MiP: 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.
2MiP
Largest movements
- Current investments -€176,856
down €176,856 (-61.6%), from €287,139 to €110,282
- Cash +€26,317
up €26,317 (+8.6%), from €307,767 to €334,084
mainly Current investments (+€176,856) and Net result for the year (+€37,511)
- Receivables within one year +€13,850
up €13,850 (+32.6%), from €42,506 to €56,356
of which Trade receivables: +€25,889
- Tangible fixed assets -€9,562
down €9,562 (-23.5%), from €40,639 to €31,077
- Reserves -€102,489
down €102,489 (-18.9%), from €540,962 to €438,473
- Other debts -€46,841
down €46,841 (-41.8%), from €112,126 to €65,285
- Financial charges -€4,166
down €4,166 (-67.7%), from €6,149 to €1,983
- Gross operating margin +€3,474
up €3,474 (+6.6%), from €52,418 to €55,892
- Financial income +€2,881
up €2,881 (+51.8%), from €5,564 to €8,445
- Depreciation +€2,391
up €2,391 (+33.3%), from €7,172 to €9,562
- Taxes -€805
down €805 (-5.1%), from €15,851 to €15,046
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 | €678,051 | €532,257 | -€145,794 | -21.5% |
| Fixed assets | 21/28 | €40,639 | €31,077 | -€9,562 | -23.5% |
| Tangible fixed assets | 22/27 | €40,639 | €31,077 | -€9,562 | -23.5% |
| Furniture and vehicles | 24 | €40,639 | €31,077 | -€9,562 | -23.5% |
| Current assets | 29/58 | €637,411 | €501,180 | -€136,231 | -21.4% |
| Amounts receivable within one year | 40/41 | €42,506 | €56,356 | +€13,850 | +32.6% |
| Trade receivables | 40 | €12,180 | €38,069 | +€25,889 | +213% |
| Other amounts receivable | 41 | €30,326 | €18,287 | -€12,039 | -39.7% |
| Current investments | 50/53 | €287,139 | €110,282 | -€176,856 | -61.6% |
| Cash at bank and in hand | 54/58 | €307,767 | €334,084 | +€26,317 | +8.6% |
| Deferred charges and accrued income | 490/1 | - | €458 | +€458 | |
| Total equity and liabilities | 10/49 | €678,051 | €532,257 | -€145,794 | -21.5% |
| Equity | 10/15 | €559,562 | €457,073 | -€102,489 | -18.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €540,962 | €438,473 | -€102,489 | -18.9% |
| Distributable reserves | 133 | €540,962 | €438,473 | -€102,489 | -18.9% |
| Amounts payable | 17/49 | €118,489 | €75,184 | -€43,305 | -36.5% |
| Amounts payable within one year | 42/48 | €118,489 | €75,184 | -€43,305 | -36.5% |
| Trade debts | 44 | €1,000 | €485 | -€514 | -51.5% |
| Suppliers | 440/4 | €1,000 | €485 | -€514 | -51.5% |
| Taxes, remuneration and social security | 45 | €5,363 | €9,414 | +€4,051 | +75.5% |
| Taxes | 450/3 | €3,803 | €9,414 | +€5,611 | +148% |
| Remuneration and social security | 454/9 | €1,560 | - | -€1,560 | |
| Other amounts payable | 47/48 | €112,126 | €65,285 | -€46,841 | -41.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,172 | €9,562 | +€2,391 | +33.3% |
| Other operating charges | 640/8 | €605 | €234 | -€372 | -61.4% |
| Gross operating margin | 9900 | €52,418 | €55,892 | +€3,474 | +6.6% |
| Operating profit (loss) | 9901 | €44,641 | €46,096 | +€1,455 | +3.3% |
| Financial income | 75/76B | €5,564 | €8,445 | +€2,881 | +51.8% |
| Recurring financial income | 75 | €5,564 | €8,445 | +€2,881 | +51.8% |
| Financial charges | 65/66B | €6,149 | €1,983 | -€4,166 | -67.7% |
| Recurring financial charges | 65 | €6,149 | €1,983 | -€4,166 | -67.7% |
| Profit (loss) for the period before taxes | 9903 | €44,056 | €52,557 | +€8,502 | +19.3% |
| Income taxes | 67/77 | €15,851 | €15,046 | -€805 | -5.1% |
| Profit (loss) for the period | 9904 | €28,204 | €37,511 | +€9,307 | +33.0% |
| Profit (loss) for the period to be appropriated | 9905 | €28,204 | €37,511 | +€9,307 | +33.0% |
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 30 October 2026 via checked.be.