M.I. SERVICES: 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. SERVICES
Largest movements
- Receivables within one year +€23,137
up €23,137 (+7.9%), from €293,319 to €316,457
of which Trade receivables: +€12,156
- Cash +€18,379
up €18,379 (+292%), from €6,285 to €24,664
mainly Net result for the year (+€60,881) and Trade debts (+€18,279)
- Tangible fixed assets -€9,888
down €9,888 (-12.4%), from €80,050 to €70,162
of which Land and buildings: -€8,640
- Profit (loss) carried forward +€24,881
up €24,881 (+13.6%), from €183,090 to €207,970
- Debts after one year -€21,036
down €21,036 (-28.2%), from €74,483 to €53,447
- Trade debts +€18,279
up €18,279 (+93.4%), from €19,573 to €37,853
of which Suppliers: +€18,372
- Other debts +€10,558
up €10,558 (+14.3%), from €73,681 to €84,239
- Gross operating margin +€9,418
up €9,418 (+15.3%), from €61,730 to €71,148
- Taxes -€2,244
down €2,244 (-29.7%), from €7,547 to €5,303
- Financial income +€1,610
up €1,610 (+16.3%), from €9,907 to €11,517
- Financial charges -€1,398
down €1,398 (-22.9%), from €6,117 to €4,719
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €384,186 | €418,127 | +€33,941 | +8.8% |
| Fixed assets | 21/28 | €80,200 | €70,312 | -€9,888 | -12.3% |
| Tangible fixed assets | 22/27 | €80,050 | €70,162 | -€9,888 | -12.4% |
| Land and buildings | 22 | €77,760 | €69,120 | -€8,640 | -11.1% |
| Plant, machinery and equipment | 23 | €808 | €560 | -€248 | -30.7% |
| Furniture and vehicles | 24 | €1,482 | €482 | -€1,000 | -67.5% |
| Financial fixed assets | 28 | €150 | €150 | = | 0.0% |
| Current assets | 29/58 | €303,986 | €347,815 | +€43,829 | +14.4% |
| Stocks and contracts in progress | 3 | €3,475 | €3,898 | +€423 | +12.2% |
| Stocks | 30/36 | €3,475 | €3,898 | +€423 | +12.2% |
| Amounts receivable within one year | 40/41 | €293,319 | €316,457 | +€23,137 | +7.9% |
| Trade receivables | 40 | €22,507 | €34,663 | +€12,156 | +54.0% |
| Other amounts receivable | 41 | €270,812 | €281,794 | +€10,982 | +4.1% |
| Cash at bank and in hand | 54/58 | €6,285 | €24,664 | +€18,379 | +292% |
| Deferred charges and accrued income | 490/1 | €907 | €2,797 | +€1,890 | +208% |
| Total equity and liabilities | 10/49 | €384,186 | €418,127 | +€33,941 | +8.8% |
| Equity | 10/15 | €195,790 | €220,670 | +€24,881 | +12.7% |
| Contributions | 10/11 | €10,700 | €10,700 | = | 0.0% |
| Capital | 10 | €10,700 | - | -€10,700 | |
| Issued capital | 100 | €10,700 | - | -€10,700 | |
| Reserves | 13 | €2,000 | €2,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2,000 | €2,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €183,090 | €207,970 | +€24,881 | +13.6% |
| Amounts payable | 17/49 | €188,396 | €197,457 | +€9,061 | +4.8% |
| Amounts payable after more than one year | 17 | €74,483 | €53,447 | -€21,036 | -28.2% |
| Financial debts | 170/4 | €74,483 | €53,447 | -€21,036 | -28.2% |
| Amounts payable within one year | 42/48 | €113,090 | €143,128 | +€30,037 | +26.6% |
| Current portion of amounts payable after more than one year | 42 | €19,836 | €21,036 | +€1,200 | +6.1% |
| Trade debts | 44 | €19,573 | €37,853 | +€18,279 | +93.4% |
| Suppliers | 440/4 | €11,547 | €29,918 | +€18,372 | +159% |
| Bills of exchange payable | 441 | €8,027 | €7,935 | -€92 | -1.1% |
| Other amounts payable | 47/48 | €73,681 | €84,239 | +€10,558 | +14.3% |
| Accrued charges and deferred income | 492/3 | €823 | €882 | +€59 | +7.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,824 | €9,888 | +€64 | +0.7% |
| Other operating charges | 640/8 | €1,874 | €1,875 | +€0 | 0.0% |
| Gross operating margin | 9900 | €61,730 | €71,148 | +€9,418 | +15.3% |
| Operating profit (loss) | 9901 | €50,032 | €59,386 | +€9,354 | +18.7% |
| Financial income | 75/76B | €9,907 | €11,517 | +€1,610 | +16.3% |
| Recurring financial income | 75 | €9,907 | €11,517 | +€1,610 | +16.3% |
| Financial charges | 65/66B | €6,117 | €4,719 | -€1,398 | -22.9% |
| Recurring financial charges | 65 | €6,117 | €4,719 | -€1,398 | -22.9% |
| Profit (loss) for the period before taxes | 9903 | €53,821 | €66,183 | +€12,362 | +23.0% |
| Income taxes | 67/77 | €7,547 | €5,303 | -€2,244 | -29.7% |
| Profit (loss) for the period | 9904 | €46,274 | €60,881 | +€14,606 | +31.6% |
| Profit (loss) for the period to be appropriated | 9905 | €46,274 | €60,881 | +€14,606 | +31.6% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 18 October 2026 via checked.be.