MI-CI: 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-CI
Largest movements
- Receivables within one year +€32,223
up €32,223 (+81.8%), from €39,412 to €71,635
of which Trade receivables: +€52,044
- Cash +€2,414
up €2,414 (+4.1%), from €58,810 to €61,224
mainly Net result for the year (+€21,223) and Other debts (+€13,468)
- Other debts +€13,468
new in 2025: €13,468
- Profit (loss) carried forward +€11,223
up €11,223 (+17.8%), from €63,046 to €74,269
- Trade debts +€9,528
up €9,528 (+110%), from €8,646 to €18,174
- Reserves -€8,000
down €8,000 (-33.7%), from €23,707 to €15,707
of which Distributable reserves: -€8,000
- Tax, wage and social debts +€7,531
up €7,531 (+498%), from €1,512 to €9,043
- Gross operating margin +€20,635
up €20,635 (+120%), from €17,210 to €37,845
- Taxes +€8,608
up €8,608 (+1,708%), from €504 to €9,112
- Depreciation -€5,131
down €5,131 (-70.2%), from €7,310 to €2,179
- Financial charges -€699
down €699 (-14.8%), from €4,736 to €4,037
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 | €104,148 | €137,892 | +€33,744 | +32.4% |
| Fixed assets | 21/28 | €2,524 | €1,545 | -€979 | -38.8% |
| Tangible fixed assets | 22/27 | €2,254 | €1,275 | -€979 | -43.4% |
| Plant, machinery and equipment | 23 | €499 | €1,177 | +€678 | +136% |
| Furniture and vehicles | 24 | €1,755 | €98 | -€1,657 | -94.4% |
| Financial fixed assets | 28 | €270 | €270 | = | 0.0% |
| Current assets | 29/58 | €101,624 | €136,347 | +€34,723 | +34.2% |
| Amounts receivable within one year | 40/41 | €39,412 | €71,635 | +€32,223 | +81.8% |
| Trade receivables | 40 | €11,213 | €63,257 | +€52,044 | +464% |
| Other amounts receivable | 41 | €28,199 | €8,378 | -€19,821 | -70.3% |
| Cash at bank and in hand | 54/58 | €58,810 | €61,224 | +€2,414 | +4.1% |
| Deferred charges and accrued income | 490/1 | €3,402 | €3,488 | +€86 | +2.5% |
| Total equity and liabilities | 10/49 | €104,148 | €137,892 | +€33,744 | +32.4% |
| Equity | 10/15 | €92,953 | €96,176 | +€3,223 | +3.5% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €23,707 | €15,707 | -€8,000 | -33.7% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €21,847 | €13,847 | -€8,000 | -36.6% |
| Profit (loss) carried forward | 14 | €63,046 | €74,269 | +€11,223 | +17.8% |
| Amounts payable | 17/49 | €11,195 | €41,716 | +€30,521 | +273% |
| Amounts payable within one year | 42/48 | €11,195 | €41,716 | +€30,521 | +273% |
| Financial debts | 43 | €1,037 | €1,031 | -€6 | -0.6% |
| Other loans | 439 | €1,037 | €1,031 | -€6 | -0.6% |
| Trade debts | 44 | €8,646 | €18,174 | +€9,528 | +110% |
| Suppliers | 440/4 | €8,646 | €18,174 | +€9,528 | +110% |
| Taxes, remuneration and social security | 45 | €1,512 | €9,043 | +€7,531 | +498% |
| Taxes | 450/3 | €1,512 | €9,043 | +€7,531 | +498% |
| Other amounts payable | 47/48 | - | €13,468 | +€13,468 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,310 | €2,179 | -€5,131 | -70.2% |
| Other operating charges | 640/8 | €994 | €1,268 | +€274 | +27.6% |
| Non-recurring operating charges | 66A | €58 | €68 | +€10 | +17.2% |
| Gross operating margin | 9900 | €17,210 | €37,845 | +€20,635 | +120% |
| Operating profit (loss) | 9901 | €8,848 | €34,330 | +€25,482 | +288% |
| Financial income | 75/76B | €239 | €42 | -€197 | -82.4% |
| Recurring financial income | 75 | €239 | €42 | -€197 | -82.4% |
| Financial charges | 65/66B | €4,736 | €4,037 | -€699 | -14.8% |
| Recurring financial charges | 65 | €4,736 | €4,037 | -€699 | -14.8% |
| Profit (loss) for the period before taxes | 9903 | €4,351 | €30,335 | +€25,984 | +597% |
| Income taxes | 67/77 | €504 | €9,112 | +€8,608 | +1,708% |
| Profit (loss) for the period | 9904 | €3,847 | €21,223 | +€17,376 | +452% |
| Profit (loss) for the period to be appropriated | 9905 | €3,847 | €21,223 | +€17,376 | +452% |
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 25 October 2026 via checked.be.