M.I.P.: 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.P.
Largest movements
- Current investments +€12,000
new in 2025: €12,000
- Tangible fixed assets +€8,857
up €8,857 (+1,015%), from €873 to €9,730
- Cash +€6,969
up €6,969 (+17.5%), from €39,830 to €46,799
mainly Net result for the year (+€34,343) and Tax, wage and social debts (+€1,731)
- Receivables within one year +€5,984
up €5,984 (+289%), from €2,067 to €8,051
of which Other amounts receivable: +€5,232
- Profit (loss) carried forward +€34,343
new in 2025: €34,343
- Tax, wage and social debts +€1,731
up €1,731 (+29.2%), from €5,921 to €7,652
of which Taxes: +€3,231
- Other debts -€1,207
down €1,207 (-27.8%), from €4,347 to €3,140
- Trade debts -€1,057
down €1,057 (-63.3%), from €1,670 to €613
- Taxes -€3,435
down €3,435 (-21.2%), from €16,203 to €12,768
- Gross operating margin +€908
up €908 (+1.9%), from €47,132 to €48,039
- Depreciation +€729
up €729 (+508%), from €143 to €873
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 | €42,770 | €76,580 | +€33,810 | +79.1% |
| Fixed assets | 21/28 | €873 | €9,730 | +€8,857 | +1,015% |
| Tangible fixed assets | 22/27 | €873 | €9,730 | +€8,857 | +1,015% |
| Furniture and vehicles | 24 | €873 | €9,730 | +€8,857 | +1,015% |
| Current assets | 29/58 | €41,897 | €66,850 | +€24,953 | +59.6% |
| Amounts receivable within one year | 40/41 | €2,067 | €8,051 | +€5,984 | +289% |
| Trade receivables | 40 | €1,271 | €2,022 | +€752 | +59.2% |
| Other amounts receivable | 41 | €797 | €6,029 | +€5,232 | +657% |
| Current investments | 50/53 | - | €12,000 | +€12,000 | |
| Cash at bank and in hand | 54/58 | €39,830 | €46,799 | +€6,969 | +17.5% |
| Total equity and liabilities | 10/49 | €42,770 | €76,580 | +€33,810 | +79.1% |
| Equity | 10/15 | €30,832 | €65,175 | +€34,343 | +111% |
| Contributions | 10/11 | €100 | €100 | = | 0.0% |
| Reserves | 13 | €30,732 | €30,732 | = | 0.0% |
| Distributable reserves | 133 | €30,732 | €30,732 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | €34,343 | +€34,343 | |
| Amounts payable | 17/49 | €11,938 | €11,405 | -€533 | -4.5% |
| Amounts payable within one year | 42/48 | €11,938 | €11,405 | -€533 | -4.5% |
| Trade debts | 44 | €1,670 | €613 | -€1,057 | -63.3% |
| Suppliers | 440/4 | €1,670 | €613 | -€1,057 | -63.3% |
| Taxes, remuneration and social security | 45 | €5,921 | €7,652 | +€1,731 | +29.2% |
| Taxes | 450/3 | €4,421 | €7,652 | +€3,231 | +73.1% |
| Remuneration and social security | 454/9 | €1,500 | - | -€1,500 | |
| Other amounts payable | 47/48 | €4,347 | €3,140 | -€1,207 | -27.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €143 | €873 | +€729 | +508% |
| Gross operating margin | 9900 | €47,132 | €48,039 | +€908 | +1.9% |
| Operating profit (loss) | 9901 | €46,988 | €47,167 | +€179 | +0.4% |
| Financial income | 75/76B | €1 | - | -€1 | |
| Recurring financial income | 75 | €1 | - | -€1 | |
| Financial charges | 65/66B | €54 | €56 | +€2 | +3.5% |
| Recurring financial charges | 65 | €54 | €56 | +€2 | +3.5% |
| Profit (loss) for the period before taxes | 9903 | €46,935 | €47,111 | +€176 | +0.4% |
| Income taxes | 67/77 | €16,203 | €12,768 | -€3,435 | -21.2% |
| Profit (loss) for the period | 9904 | €30,732 | €34,343 | +€3,611 | +11.8% |
| Profit (loss) for the period to be appropriated | 9905 | €30,732 | €34,343 | +€3,611 | +11.8% |
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.