M.I. ADVICE: 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.
M.I. ADVICE
Largest movements
- Receivables within one year -€58,523
down €58,523 (-92.1%), from €63,547 to €5,024
of which Other amounts receivable: -€63,363
- Cash +€27,955
up €27,955 (+77.2%), from €36,211 to €64,166
mainly Net result for the year (+€86,805) and Receivables within one year (+€58,523)
- Current investments +€26,000
up €26,000 (+51.3%), from €50,661 to €76,661
- Receivables after one year +€20,250
up €20,250 (+16.9%), from €119,750 to €140,000
- Tangible fixed assets -€6,377
down €6,377 (-2.9%), from €219,013 to €212,636
of which Land and buildings: -€5,064
- Reserves +€31,805
up €31,805 (+9.8%), from €324,916 to €356,721
- Other debts -€10,892
down €10,892 (-53.8%), from €20,256 to €9,364
- Debts after one year -€10,001
no longer reported in 2025 (was €10,001)
- Financial income +€88,455
up €88,455 (+780%), from €11,346 to €99,801
- Taxes +€27,952
up €27,952 (+173%), from €16,123 to €44,075
- Gross operating margin -€1,688
down €1,688 (-3.9%), from €42,982 to €41,294
- Depreciation -€457
down €457 (-6.7%), from €6,834 to €6,377
- Financial charges -€449
down €449 (-22.5%), from €1,999 to €1,550
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 | €490,601 | €500,942 | +€10,341 | +2.1% |
| Fixed assets | 21/28 | €219,013 | €212,636 | -€6,377 | -2.9% |
| Tangible fixed assets | 22/27 | €219,013 | €212,636 | -€6,377 | -2.9% |
| Land and buildings | 22 | €216,623 | €211,559 | -€5,064 | -2.3% |
| Plant, machinery and equipment | 23 | €2,097 | €942 | -€1,155 | -55.1% |
| Furniture and vehicles | 24 | €293 | €135 | -€158 | -53.8% |
| Current assets | 29/58 | €271,588 | €288,306 | +€16,718 | +6.2% |
| Amounts receivable after more than one year | 29 | €119,750 | €140,000 | +€20,250 | +16.9% |
| Other amounts receivable | 291 | €119,750 | €140,000 | +€20,250 | +16.9% |
| Amounts receivable within one year | 40/41 | €63,547 | €5,024 | -€58,523 | -92.1% |
| Trade receivables | 40 | - | €4,840 | +€4,840 | |
| Other amounts receivable | 41 | €63,547 | €184 | -€63,363 | -99.7% |
| Current investments | 50/53 | €50,661 | €76,661 | +€26,000 | +51.3% |
| Cash at bank and in hand | 54/58 | €36,211 | €64,166 | +€27,955 | +77.2% |
| Deferred charges and accrued income | 490/1 | €1,419 | €2,454 | +€1,036 | +73.0% |
| Total equity and liabilities | 10/49 | €490,601 | €500,942 | +€10,341 | +2.1% |
| Equity | 10/15 | €435,835 | €467,640 | +€31,805 | +7.3% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Revaluation surpluses | 12 | €98,519 | €98,519 | = | 0.0% |
| Reserves | 13 | €324,916 | €356,721 | +€31,805 | +9.8% |
| Distributable reserves | 133 | €324,916 | €356,721 | +€31,805 | +9.8% |
| Amounts payable | 17/49 | €54,766 | €33,302 | -€21,464 | -39.2% |
| Amounts payable after more than one year | 17 | €10,001 | - | -€10,001 | |
| Financial debts | 170/4 | €10,001 | - | -€10,001 | |
| Amounts payable within one year | 42/48 | €44,765 | €33,302 | -€11,463 | -25.6% |
| Current portion of amounts payable after more than one year | 42 | €10,000 | €10,001 | +€1 | 0.0% |
| Trade debts | 44 | €618 | €3,236 | +€2,618 | +423% |
| Suppliers | 440/4 | €618 | €3,236 | +€2,618 | +423% |
| Taxes, remuneration and social security | 45 | €13,891 | €10,701 | -€3,190 | -23.0% |
| Taxes | 450/3 | €13,891 | €10,701 | -€3,190 | -23.0% |
| Other amounts payable | 47/48 | €20,256 | €9,364 | -€10,892 | -53.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,834 | €6,377 | -€457 | -6.7% |
| Other operating charges | 640/8 | €2,063 | €2,288 | +€225 | +10.9% |
| Gross operating margin | 9900 | €42,982 | €41,294 | -€1,688 | -3.9% |
| Operating profit (loss) | 9901 | €34,085 | €32,630 | -€1,456 | -4.3% |
| Financial income | 75/76B | €11,346 | €99,801 | +€88,455 | +780% |
| Recurring financial income | 75 | €11,346 | €99,801 | +€88,455 | +780% |
| Financial charges | 65/66B | €1,999 | €1,550 | -€449 | -22.5% |
| Recurring financial charges | 65 | €1,999 | €1,550 | -€449 | -22.5% |
| Profit (loss) for the period before taxes | 9903 | €43,432 | €130,880 | +€87,449 | +201% |
| Income taxes | 67/77 | €16,123 | €44,075 | +€27,952 | +173% |
| Profit (loss) for the period | 9904 | €27,308 | €86,805 | +€59,497 | +218% |
| Profit (loss) for the period to be appropriated | 9905 | €27,308 | €86,805 | +€59,497 | +218% |
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 25 October 2026 via checked.be.