M.I.M.C.: 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.M.C.
Largest movements
- Stocks and contracts -€69,892
down €69,892 (-35.8%), from €195,347 to €125,455
- Cash -€5,554
down €5,554 (-80.4%), from €6,909 to €1,355
mainly Tax, wage and social debts (-€29,479) and Other debts (-€28,567)
- Deferred charges and accrued income +€5,318
up €5,318 (+94.5%), from €5,629 to €10,947
- Tax, wage and social debts -€29,479
down €29,479 (-63.1%), from €46,737 to €17,258
of which Taxes: -€30,619
- Other debts -€28,567
down €28,567 (-22.7%), from €125,810 to €97,244
- Trade debts -€11,352
down €11,352 (-71.6%), from €15,844 to €4,493
- Profit (loss) carried forward +€6,334
up €6,334 (+41.2%), from €15,373 to €21,707
- Accrued charges and deferred income -€5,000
no longer reported in 2025 (was €5,000)
- Gross operating margin -€9,317
down €9,317 (-19.7%), from €47,343 to €38,026
- Financial charges +€2,436
up €2,436 (+60.5%), from €4,026 to €6,462
- Taxes -€1,403
down €1,403 (-39.5%), from €3,552 to €2,150
- Staff costs +€1,337
up €1,337 (+7.3%), from €18,366 to €19,702
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 | €214,965 | €146,901 | -€68,064 | -31.7% |
| Fixed assets | 21/28 | €7,080 | €7,080 | = | 0.0% |
| Financial fixed assets | 28 | €7,080 | €7,080 | = | 0.0% |
| Current assets | 29/58 | €207,885 | €139,821 | -€68,064 | -32.7% |
| Stocks and contracts in progress | 3 | €195,347 | €125,455 | -€69,892 | -35.8% |
| Stocks | 30/36 | €195,347 | €125,455 | -€69,892 | -35.8% |
| Amounts receivable within one year | 40/41 | - | €2,064 | +€2,064 | |
| Other amounts receivable | 41 | - | €2,064 | +€2,064 | |
| Cash at bank and in hand | 54/58 | €6,909 | €1,355 | -€5,554 | -80.4% |
| Deferred charges and accrued income | 490/1 | €5,629 | €10,947 | +€5,318 | +94.5% |
| Total equity and liabilities | 10/49 | €214,965 | €146,901 | -€68,064 | -31.7% |
| Equity | 10/15 | €21,573 | €27,907 | +€6,334 | +29.4% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | €15,373 | €21,707 | +€6,334 | +41.2% |
| Amounts payable | 17/49 | €193,392 | €118,995 | -€74,397 | -38.5% |
| Amounts payable within one year | 42/48 | €188,392 | €118,995 | -€69,397 | -36.8% |
| Trade debts | 44 | €15,844 | €4,493 | -€11,352 | -71.6% |
| Suppliers | 440/4 | €15,844 | €4,493 | -€11,352 | -71.6% |
| Taxes, remuneration and social security | 45 | €46,737 | €17,258 | -€29,479 | -63.1% |
| Taxes | 450/3 | €44,195 | €13,576 | -€30,619 | -69.3% |
| Remuneration and social security | 454/9 | €2,542 | €3,682 | +€1,140 | +44.8% |
| Other amounts payable | 47/48 | €125,810 | €97,244 | -€28,567 | -22.7% |
| Accrued charges and deferred income | 492/3 | €5,000 | - | -€5,000 | |
| Remuneration, social security and pensions | 62 | €18,366 | €19,702 | +€1,337 | +7.3% |
| Other operating charges | 640/8 | €3,721 | €3,379 | -€342 | -9.2% |
| Gross operating margin | 9900 | €47,343 | €38,026 | -€9,317 | -19.7% |
| Operating profit (loss) | 9901 | €25,256 | €14,945 | -€10,312 | -40.8% |
| Financial income | 75/76B | - | €1 | +€1 | |
| Recurring financial income | 75 | - | €1 | +€1 | |
| Financial charges | 65/66B | €4,026 | €6,462 | +€2,436 | +60.5% |
| Recurring financial charges | 65 | €4,026 | €6,462 | +€2,436 | +60.5% |
| Profit (loss) for the period before taxes | 9903 | €21,230 | €8,483 | -€12,747 | -60.0% |
| Income taxes | 67/77 | €3,552 | €2,150 | -€1,403 | -39.5% |
| Profit (loss) for the period | 9904 | €17,678 | €6,334 | -€11,344 | -64.2% |
| Profit (loss) for the period to be appropriated | 9905 | €17,678 | €6,334 | -€11,344 | -64.2% |
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 24 October 2026 via checked.be.