MI GROUP: 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 GROUP
Largest movements
- Current investments +€262,986
new in 2025: €262,986
- Financial fixed assets -€212,986
no longer reported in 2025 (was €212,986)
- Stocks and contracts -€117,701
no longer reported in 2025 (was €117,701)
- Receivables within one year -€90,000
down €90,000 (-19.8%), from €454,500 to €364,500
of which Other amounts receivable: -€90,000
- Reserves +€262,986
new in 2025: €262,986
- Profit (loss) carried forward -€260,243
down €260,243 (-170%), from -€153,219 to -€413,462
- Debts after one year -€87,549
no longer reported in 2025 (was €87,549)
- Other debts -€80,165
down €80,165 (-11.4%), from €704,506 to €624,341
- Financial charges -€29,499
down €29,499 (-96.3%), from €30,637 to €1,137
- Gross operating margin -€2,967
down €2,967 (-41.0%), from €7,237 to €4,270
- Other operating charges -€434
down €434 (-52.1%), from €834 to €400
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 | €797,977 | €628,043 | -€169,934 | -21.3% |
| Fixed assets | 21/28 | €212,986 | - | -€212,986 | |
| Financial fixed assets | 28 | €212,986 | - | -€212,986 | |
| Current assets | 29/58 | €584,991 | €628,043 | +€43,052 | +7.4% |
| Stocks and contracts in progress | 3 | €117,701 | - | -€117,701 | |
| Stocks | 30/36 | €117,701 | - | -€117,701 | |
| Amounts receivable within one year | 40/41 | €454,500 | €364,500 | -€90,000 | -19.8% |
| Trade receivables | 40 | €5,000 | €5,000 | = | 0.0% |
| Other amounts receivable | 41 | €449,500 | €359,500 | -€90,000 | -20.0% |
| Current investments | 50/53 | - | €262,986 | +€262,986 | |
| Cash at bank and in hand | 54/58 | €7,702 | €558 | -€7,144 | -92.8% |
| Deferred charges and accrued income | 490/1 | €5,088 | - | -€5,088 | |
| Total equity and liabilities | 10/49 | €797,977 | €628,043 | -€169,934 | -21.3% |
| Equity | 10/15 | -€219 | €2,523 | +€2,743 | |
| Contributions | 10/11 | €153,000 | €153,000 | = | 0.0% |
| Reserves | 13 | - | €262,986 | +€262,986 | |
| Non-distributable reserves | 130/1 | - | €262,986 | +€262,986 | |
| Own shares acquired | 1312 | - | €262,986 | +€262,986 | |
| Profit (loss) carried forward | 14 | -€153,219 | -€413,462 | -€260,243 | -170% |
| Amounts payable | 17/49 | €798,196 | €625,520 | -€172,677 | -21.6% |
| Amounts payable after more than one year | 17 | €87,549 | - | -€87,549 | |
| Financial debts | 170/4 | €87,549 | - | -€87,549 | |
| Amounts payable within one year | 42/48 | €710,647 | €625,520 | -€85,127 | -12.0% |
| Current portion of amounts payable after more than one year | 42 | €3,556 | - | -€3,556 | |
| Trade debts | 44 | €2,585 | €1,179 | -€1,407 | -54.4% |
| Suppliers | 440/4 | €2,585 | €1,179 | -€1,407 | -54.4% |
| Other amounts payable | 47/48 | €704,506 | €624,341 | -€80,165 | -11.4% |
| Other operating charges | 640/8 | €834 | €400 | -€434 | -52.1% |
| Gross operating margin | 9900 | €7,237 | €4,270 | -€2,967 | -41.0% |
| Operating profit (loss) | 9901 | €6,403 | €3,871 | -€2,533 | -39.6% |
| Financial income | 75/76B | - | €9 | +€9 | |
| Recurring financial income | 75 | - | €9 | +€9 | |
| Financial charges | 65/66B | €30,637 | €1,137 | -€29,499 | -96.3% |
| Recurring financial charges | 65 | €30,637 | €1,137 | -€29,499 | -96.3% |
| Profit (loss) for the period before taxes | 9903 | -€24,233 | €2,743 | +€26,976 | |
| Income taxes | 67/77 | -€43 | - | +€43 | |
| Profit (loss) for the period | 9904 | -€24,191 | €2,743 | +€26,933 | |
| Profit (loss) for the period to be appropriated | 9905 | -€24,191 | €2,743 | +€26,933 |
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 24 October 2026 via checked.be.