M.I. MANAGEMENT: 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. MANAGEMENT
Largest movements
- Receivables within one year -€19,917
down €19,917 (-81.0%), from €24,596 to €4,679
- Tangible fixed assets -€3,598
down €3,598 (-92.6%), from €3,884 to €286
of which Furniture and vehicles: -€2,863
- Intangible fixed assets -€2,216
down €2,216 (-30.3%), from €7,318 to €5,102
- Cash -€1,458
down €1,458 (-73.1%), from €1,995 to €537
mainly Tax, wage and social debts (-€50,457) and Trade debts (-€30,550)
- Profit (loss) carried forward +€65,546
up €65,546 (+46.8%), from -€140,190 to -€74,644
- Tax, wage and social debts -€50,457
down €50,457 (-54.8%), from €92,087 to €41,630
of which Remuneration and social security: -€25,503
- Trade debts -€30,550
down €30,550 (-40.2%), from €76,024 to €45,474
- Debts after one year -€16,666
down €16,666 (-50.0%), from €33,333 to €16,667
- Other debts +€4,939
up €4,939 (+68.8%), from €7,176 to €12,115
- Gross operating margin +€86,306
up €86,306 (+51.3%), from €168,127 to €254,433
- Staff costs +€42,969
up €42,969 (+31.7%), from €135,399 to €178,368
- Financial income -€4,313
no longer reported in 2025 (was €4,313)
of which Financial income: -€4,313
- Financial charges -€3,689
down €3,689 (-52.0%), from €7,095 to €3,407
- Depreciation -€3,042
down €3,042 (-34.3%), from €8,856 to €5,815
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.
Cash bridge derived
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 | €96,950 | €69,760 | -€27,190 | -28.0% |
| Fixed assets | 21/28 | €70,359 | €64,544 | -€5,815 | -8.3% |
| Intangible fixed assets | 21 | €7,318 | €5,102 | -€2,216 | -30.3% |
| Tangible fixed assets | 22/27 | €3,884 | €286 | -€3,598 | -92.6% |
| Furniture and vehicles | 24 | €3,149 | €286 | -€2,863 | -90.9% |
| Other tangible fixed assets | 26 | €735 | - | -€735 | |
| Financial fixed assets | 28 | €59,157 | €59,157 | -€0 | 0.0% |
| Current assets | 29/58 | €26,591 | €5,216 | -€21,375 | -80.4% |
| Amounts receivable within one year | 40/41 | €24,596 | €4,679 | -€19,917 | -81.0% |
| Trade receivables | 40 | €24,596 | €4,679 | -€19,917 | -81.0% |
| Cash at bank and in hand | 54/58 | €1,995 | €537 | -€1,458 | -73.1% |
| Total equity and liabilities | 10/49 | €96,950 | €69,760 | -€27,190 | -28.0% |
| Equity | 10/15 | -€111,670 | -€46,124 | +€65,546 | +58.7% |
| Contributions | 10/11 | €24,800 | €24,800 | = | 0.0% |
| Reserves | 13 | €3,720 | €3,720 | = | 0.0% |
| Tax-exempt reserves | 132 | €3,720 | €3,720 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€140,190 | -€74,644 | +€65,546 | +46.8% |
| Amounts payable | 17/49 | €208,620 | €115,885 | -€92,735 | -44.5% |
| Amounts payable after more than one year | 17 | €33,333 | €16,667 | -€16,666 | -50.0% |
| Financial debts | 170/4 | €33,333 | €16,667 | -€16,666 | -50.0% |
| Amounts payable within one year | 42/48 | €175,287 | €99,218 | -€76,069 | -43.4% |
| Trade debts | 44 | €76,024 | €45,474 | -€30,550 | -40.2% |
| Suppliers | 440/4 | €76,024 | €45,474 | -€30,550 | -40.2% |
| Taxes, remuneration and social security | 45 | €92,087 | €41,630 | -€50,457 | -54.8% |
| Taxes | 450/3 | €43,358 | €18,404 | -€24,954 | -57.6% |
| Remuneration and social security | 454/9 | €48,729 | €23,226 | -€25,503 | -52.3% |
| Other amounts payable | 47/48 | €7,176 | €12,115 | +€4,939 | +68.8% |
| Non-recurring operating income | 76A | - | €0 | = | |
| Remuneration, social security and pensions | 62 | €135,399 | €178,368 | +€42,969 | +31.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,856 | €5,815 | -€3,042 | -34.3% |
| Other operating charges | 640/8 | €2,392 | €1,324 | -€1,068 | -44.7% |
| Gross operating margin | 9900 | €168,127 | €254,433 | +€86,306 | +51.3% |
| Operating profit (loss) | 9901 | €21,480 | €68,926 | +€47,446 | +220.9% |
| Financial income | 75/76B | €4,313 | - | -€4,313 | |
| Recurring financial income | 75 | €4,313 | - | -€4,313 | |
| Non-recurring financial income | 76B | €4,313 | - | -€4,313 | |
| Financial charges | 65/66B | €7,095 | €3,407 | -€3,689 | -52.0% |
| Recurring financial charges | 65 | €7,095 | €3,407 | -€3,689 | -52.0% |
| Profit (loss) for the period before taxes | 9903 | €18,698 | €65,520 | +€46,822 | +250.4% |
| Income taxes | 67/77 | €357 | -€26 | -€383 | |
| Profit (loss) for the period | 9904 | €18,341 | €65,545 | +€47,204 | +257.4% |
| Profit (loss) for the period to be appropriated | 9905 | €18,341 | €65,545 | +€47,204 | +257.4% |
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 12 October 2026 via checked.be.