MI-GROSS: 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-GROSS
Largest movements
- Cash +€39,250
up €39,250 (+58.8%), from €66,737 to €105,987
mainly Net result for the year (+€78,335) and Depreciation (+€18,431)
- Stocks and contracts +€32,556
up €32,556 (+30.9%), from €105,322 to €137,878
- Receivables within one year +€25,854
up €25,854 (+245%), from €10,570 to €36,424
of which Trade receivables: +€19,626
- Tangible fixed assets -€18,431
down €18,431 (-16.6%), from €111,152 to €92,720
- Profit (loss) carried forward +€78,335
up €78,335 (+107%), from €73,359 to €151,694
- Tax, wage and social debts +€10,416
up €10,416 (+43.3%), from €24,043 to €34,459
of which Remuneration and social security: +€9,981
- Debts after one year -€5,496
down €5,496 (-25.3%), from €21,756 to €16,260
- Other debts -€4,506
down €4,506 (-5.3%), from €85,042 to €80,537
- Gross operating margin +€61,720
up €61,720 (+34.1%), from €180,908 to €242,628
- Staff costs +€49,890
up €49,890 (+64.0%), from €77,965 to €127,855
- Taxes +€5,645
up €5,645 (+46.0%), from €12,262 to €17,907
- Financial charges -€5,263
down €5,263 (-65.2%), from €8,072 to €2,809
- Depreciation +€5,143
up €5,143 (+38.7%), from €13,288 to €18,431
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 | €295,577 | €373,893 | +€78,317 | +26.5% |
| Fixed assets | 21/28 | €111,152 | €92,720 | -€18,431 | -16.6% |
| Tangible fixed assets | 22/27 | €111,152 | €92,720 | -€18,431 | -16.6% |
| Land and buildings | 22 | €44,186 | €40,157 | -€4,028 | -9.1% |
| Plant, machinery and equipment | 23 | €9,120 | €6,718 | -€2,402 | -26.3% |
| Furniture and vehicles | 24 | €30,721 | €24,387 | -€6,334 | -20.6% |
| Leasing and similar rights | 25 | €27,125 | €21,458 | -€5,667 | -20.9% |
| Current assets | 29/58 | €184,425 | €281,173 | +€96,748 | +52.5% |
| Stocks and contracts in progress | 3 | €105,322 | €137,878 | +€32,556 | +30.9% |
| Stocks | 30/36 | €105,322 | €137,878 | +€32,556 | +30.9% |
| Amounts receivable within one year | 40/41 | €10,570 | €36,424 | +€25,854 | +245% |
| Trade receivables | 40 | €10,570 | €30,196 | +€19,626 | +186% |
| Other amounts receivable | 41 | - | €6,228 | +€6,228 | |
| Cash at bank and in hand | 54/58 | €66,737 | €105,987 | +€39,250 | +58.8% |
| Deferred charges and accrued income | 490/1 | €1,796 | €884 | -€912 | -50.8% |
| Total equity and liabilities | 10/49 | €295,577 | €373,893 | +€78,317 | +26.5% |
| Equity | 10/15 | €77,359 | €155,694 | +€78,335 | +101% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €73,359 | €151,694 | +€78,335 | +107% |
| Amounts payable | 17/49 | €218,218 | €218,200 | -€18 | 0.0% |
| Amounts payable after more than one year | 17 | €21,756 | €16,260 | -€5,496 | -25.3% |
| Financial debts | 170/4 | €21,756 | €16,260 | -€5,496 | -25.3% |
| Amounts payable within one year | 42/48 | €194,462 | €197,948 | +€3,486 | +1.8% |
| Current portion of amounts payable after more than one year | 42 | €5,287 | €5,496 | +€209 | +4.0% |
| Trade debts | 44 | €80,089 | €77,456 | -€2,633 | -3.3% |
| Suppliers | 440/4 | €80,089 | €77,456 | -€2,633 | -3.3% |
| Taxes, remuneration and social security | 45 | €24,043 | €34,459 | +€10,416 | +43.3% |
| Taxes | 450/3 | €7,163 | €7,598 | +€435 | +6.1% |
| Remuneration and social security | 454/9 | €16,880 | €26,861 | +€9,981 | +59.1% |
| Other amounts payable | 47/48 | €85,042 | €80,537 | -€4,506 | -5.3% |
| Accrued charges and deferred income | 492/3 | €2,000 | €3,992 | +€1,992 | +99.6% |
| Remuneration, social security and pensions | 62 | €77,965 | €127,855 | +€49,890 | +64.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,288 | €18,431 | +€5,143 | +38.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €512 | +€512 | |
| Other operating charges | 640/8 | €4,242 | €2,306 | -€1,936 | -45.7% |
| Non-recurring operating charges | 66A | €216 | - | -€216 | |
| Gross operating margin | 9900 | €180,908 | €242,628 | +€61,720 | +34.1% |
| Operating profit (loss) | 9901 | €85,196 | €93,524 | +€8,328 | +9.8% |
| Financial income | 75/76B | €4,375 | €5,526 | +€1,151 | +26.3% |
| Recurring financial income | 75 | €4,375 | €5,526 | +€1,151 | +26.3% |
| Financial charges | 65/66B | €8,072 | €2,809 | -€5,263 | -65.2% |
| Recurring financial charges | 65 | €8,072 | €2,809 | -€5,263 | -65.2% |
| Profit (loss) for the period before taxes | 9903 | €81,499 | €96,242 | +€14,742 | +18.1% |
| Income taxes | 67/77 | €12,262 | €17,907 | +€5,645 | +46.0% |
| Profit (loss) for the period | 9904 | €69,237 | €78,335 | +€9,098 | +13.1% |
| Profit (loss) for the period to be appropriated | 9905 | €69,237 | €78,335 | +€9,098 | +13.1% |
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 13 October 2026 via checked.be.