MI-BOIS: 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.
MI-BOIS
Largest movements
- Current investments +€500,000
up €500,000 (+66.7%), from €750,000 to €1.3m
- Cash -€375,010
down €375,010 (-22.2%), from €1.7m to €1.3m
mainly Current investments (-€500,000) and Receivables within one year (-€130,864)
- Receivables within one year +€130,864
up €130,864 (+10.9%), from €1.2m to €1.3m
of which Other amounts receivable: +€101,615
- Tangible fixed assets -€84,078
down €84,078 (-20.9%), from €402,875 to €318,797
of which Plant, machinery and equipment: -€53,700
- Profit (loss) carried forward +€332,005
up €332,005 (+11.0%), from €3.0m to €3.4m
- Trade debts -€80,292
down €80,292 (-16.5%), from €486,453 to €406,161
- Accrued charges and deferred income -€42,657
down €42,657 (-12.4%), from €344,992 to €302,335
- Financial income -€14,848
down €14,848 (-22.9%), from €64,888 to €50,040
- Staff costs +€11,393
up €11,393 (+4.7%), from €240,363 to €251,756
- Depreciation +€10,274
up €10,274 (+13.9%), from €73,804 to €84,078
- Other operating charges -€8,365
down €8,365 (-35.6%), from €23,491 to €15,126
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 | €4,076,149 | €4,251,553 | +€175,404 | +4.3% |
| Fixed assets | 21/28 | €404,401 | €319,823 | -€84,578 | -20.9% |
| Tangible fixed assets | 22/27 | €402,875 | €318,797 | -€84,078 | -20.9% |
| Land and buildings | 22 | €195,847 | €174,514 | -€21,333 | -10.9% |
| Plant, machinery and equipment | 23 | €173,693 | €119,993 | -€53,700 | -30.9% |
| Furniture and vehicles | 24 | €33,335 | €24,290 | -€9,045 | -27.1% |
| Financial fixed assets | 28 | €1,526 | €1,026 | -€500 | -32.8% |
| Current assets | 29/58 | €3,671,748 | €3,931,730 | +€259,982 | +7.1% |
| Stocks and contracts in progress | 3 | €24,785 | €30,568 | +€5,783 | +23.3% |
| Stocks | 30/36 | €24,785 | €30,568 | +€5,783 | +23.3% |
| Amounts receivable within one year | 40/41 | €1,202,891 | €1,333,755 | +€130,864 | +10.9% |
| Trade receivables | 40 | €68,696 | €97,945 | +€29,249 | +42.6% |
| Other amounts receivable | 41 | €1,134,195 | €1,235,810 | +€101,615 | +9.0% |
| Current investments | 50/53 | €750,000 | €1,250,000 | +€500,000 | +66.7% |
| Cash at bank and in hand | 54/58 | €1,690,642 | €1,315,632 | -€375,010 | -22.2% |
| Deferred charges and accrued income | 490/1 | €3,430 | €1,775 | -€1,655 | -48.3% |
| Total equity and liabilities | 10/49 | €4,076,149 | €4,251,553 | +€175,404 | +4.3% |
| Equity | 10/15 | €3,129,973 | €3,461,978 | +€332,005 | +10.6% |
| Contributions | 10/11 | €61,973 | €61,973 | = | 0.0% |
| Capital | 10 | €61,973 | €61,973 | = | 0.0% |
| Issued capital | 100 | €61,973 | €61,973 | = | 0.0% |
| Reserves | 13 | €42,997 | €42,997 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,198 | €6,198 | = | 0.0% |
| Legal reserve | 130 | €6,198 | €6,198 | = | 0.0% |
| Tax-exempt reserves | 132 | €30,868 | €30,868 | = | 0.0% |
| Distributable reserves | 133 | €5,931 | €5,931 | = | 0.0% |
| Profit (loss) carried forward | 14 | €3,025,003 | €3,357,008 | +€332,005 | +11.0% |
| Amounts payable | 17/49 | €946,176 | €789,575 | -€156,601 | -16.6% |
| Amounts payable after more than one year | 17 | €34,784 | €12,887 | -€21,897 | -63.0% |
| Financial debts | 170/4 | €34,784 | €12,887 | -€21,897 | -63.0% |
| Amounts payable within one year | 42/48 | €566,400 | €474,353 | -€92,047 | -16.3% |
| Current portion of amounts payable after more than one year | 42 | €21,657 | €21,898 | +€241 | +1.1% |
| Trade debts | 44 | €486,453 | €406,161 | -€80,292 | -16.5% |
| Suppliers | 440/4 | €486,453 | €406,161 | -€80,292 | -16.5% |
| Taxes, remuneration and social security | 45 | €58,290 | €46,294 | -€11,996 | -20.6% |
| Taxes | 450/3 | €30,730 | €19,606 | -€11,124 | -36.2% |
| Remuneration and social security | 454/9 | €27,560 | €26,688 | -€872 | -3.2% |
| Accrued charges and deferred income | 492/3 | €344,992 | €302,335 | -€42,657 | -12.4% |
| Remuneration, social security and pensions | 62 | €240,363 | €251,756 | +€11,393 | +4.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €73,804 | €84,078 | +€10,274 | +13.9% |
| Other operating charges | 640/8 | €23,491 | €15,126 | -€8,365 | -35.6% |
| Gross operating margin | 9900 | €768,540 | €764,869 | -€3,671 | -0.5% |
| Operating profit (loss) | 9901 | €430,882 | €413,909 | -€16,973 | -3.9% |
| Financial income | 75/76B | €64,888 | €50,040 | -€14,848 | -22.9% |
| Recurring financial income | 75 | €64,888 | €50,040 | -€14,848 | -22.9% |
| Financial charges | 65/66B | €2,872 | €8,572 | +€5,700 | +198% |
| Recurring financial charges | 65 | €2,872 | €8,572 | +€5,700 | +198% |
| Profit (loss) for the period before taxes | 9903 | €492,898 | €455,377 | -€37,521 | -7.6% |
| Income taxes | 67/77 | €125,215 | €123,372 | -€1,843 | -1.5% |
| Profit (loss) for the period | 9904 | €367,683 | €332,005 | -€35,678 | -9.7% |
| Profit (loss) for the period to be appropriated | 9905 | €367,683 | €332,005 | -€35,678 | -9.7% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 21 October 2026 via checked.be.