M.I.P.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.P.C.
Largest movements
- Receivables within one year +€2,841
up €2,841 (+47.9%), from €5,933 to €8,774
- Tangible fixed assets +€2,183
up €2,183 (+3.2%), from €67,360 to €69,543
- Debts after one year -€17,441
down €17,441 (-17.7%), from €98,470 to €81,029
- Other debts +€16,452
up €16,452 (+77.2%), from €21,324 to €37,776
- Current portion of long-term debt +€3,978
up €3,978 (+31.5%), from €12,611 to €16,589
- Trade debts +€1,075
up €1,075 (+5,194%), from €21 to €1,096
- Profit (loss) carried forward +€981
up €981 (+1.3%), from -€77,697 to -€76,717
- Other operating charges +€2,304
up €2,304 (+39.3%), from €5,859 to €8,163
- Gross operating margin -€590
down €590 (-2.4%), from €24,765 to €24,175
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 | €73,328 | €78,372 | +€5,044 | +6.9% |
| Fixed assets | 21/28 | €67,360 | €69,543 | +€2,183 | +3.2% |
| Tangible fixed assets | 22/27 | €67,360 | €69,543 | +€2,183 | +3.2% |
| Land and buildings | 22 | €67,360 | €69,543 | +€2,183 | +3.2% |
| Current assets | 29/58 | €5,968 | €8,829 | +€2,861 | +47.9% |
| Amounts receivable within one year | 40/41 | €5,933 | €8,774 | +€2,841 | +47.9% |
| Trade receivables | 40 | €5,933 | €8,774 | +€2,841 | +47.9% |
| Cash at bank and in hand | 54/58 | €35 | €55 | +€20 | +58.2% |
| Total equity and liabilities | 10/49 | €73,328 | €78,372 | +€5,044 | +6.9% |
| Equity | 10/15 | -€59,097 | -€58,117 | +€981 | +1.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€77,697 | -€76,717 | +€981 | +1.3% |
| Amounts payable | 17/49 | €132,425 | €136,489 | +€4,064 | +3.1% |
| Amounts payable after more than one year | 17 | €98,470 | €81,029 | -€17,441 | -17.7% |
| Financial debts | 170/4 | €98,470 | €81,029 | -€17,441 | -17.7% |
| Amounts payable within one year | 42/48 | €33,955 | €55,461 | +€21,505 | +63.3% |
| Current portion of amounts payable after more than one year | 42 | €12,611 | €16,589 | +€3,978 | +31.5% |
| Trade debts | 44 | €21 | €1,096 | +€1,075 | +5,194% |
| Suppliers | 440/4 | €21 | €1,096 | +€1,075 | +5,194% |
| Other amounts payable | 47/48 | €21,324 | €37,776 | +€16,452 | +77.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,650 | €12,650 | +€0 | 0.0% |
| Other operating charges | 640/8 | €5,859 | €8,163 | +€2,304 | +39.3% |
| Gross operating margin | 9900 | €24,765 | €24,175 | -€590 | -2.4% |
| Operating profit (loss) | 9901 | €6,256 | €3,362 | -€2,894 | -46.3% |
| Financial charges | 65/66B | €2,183 | €2,381 | +€199 | +9.1% |
| Recurring financial charges | 65 | €2,183 | €2,381 | +€199 | +9.1% |
| Profit (loss) for the period before taxes | 9903 | €4,073 | €981 | -€3,093 | -75.9% |
| Profit (loss) for the period | 9904 | €4,073 | €981 | -€3,093 | -75.9% |
| Profit (loss) for the period to be appropriated | 9905 | €4,073 | €981 | -€3,093 | -75.9% |
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 23 October 2026 via checked.be.