MI'H CONCEPT: 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'H CONCEPT
Largest movements
- Cash -€3,910
down €3,910 (-48.9%), from €7,994 to €4,084
mainly Net result for the year (-€3,089) and Receivables within one year (-€1,846)
- Receivables within one year +€1,846
up €1,846 (+4.4%), from €41,544 to €43,389
of which Other amounts receivable: +€4,836
- Profit (loss) carried forward -€3,089
down €3,089 (-9.6%), from €32,064 to €28,974
- Short-term financial debts +€512
up €512 (+11.5%), from €4,454 to €4,965
- Financial income -€8,343
down €8,343 (-95.8%), from €8,709 to €366
of which Non-recurring financial income: -€5,363
- Taxes -€2,602
no longer reported in 2025 (was €2,602)
- Other operating charges -€2,394
down €2,394 (-78.6%), from €3,044 to €651
- Gross operating margin -€1,391
down €1,391 (-77.5%), from €1,794 to €403
- Financial charges -€1,041
down €1,041 (-26.1%), from €3,992 to €2,951
of which Non-recurring financial charges: -€991
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 | €50,567 | €48,503 | -€2,064 | -4.1% |
| Fixed assets | 21/28 | €1,030 | €1,030 | = | 0.0% |
| Financial fixed assets | 28 | €1,030 | €1,030 | = | 0.0% |
| Current assets | 29/58 | €49,537 | €47,473 | -€2,064 | -4.2% |
| Amounts receivable within one year | 40/41 | €41,544 | €43,389 | +€1,846 | +4.4% |
| Trade receivables | 40 | €18,646 | €15,656 | -€2,990 | -16.0% |
| Other amounts receivable | 41 | €22,897 | €27,733 | +€4,836 | +21.1% |
| Cash at bank and in hand | 54/58 | €7,994 | €4,084 | -€3,910 | -48.9% |
| Total equity and liabilities | 10/49 | €50,567 | €48,503 | -€2,064 | -4.1% |
| Equity | 10/15 | €44,639 | €41,549 | -€3,089 | -6.9% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €175 | €175 | = | 0.0% |
| Non-distributable reserves | 130/1 | €175 | €175 | = | 0.0% |
| Reserves not available under the articles | 1311 | €175 | €175 | = | 0.0% |
| Profit (loss) carried forward | 14 | €32,064 | €28,974 | -€3,089 | -9.6% |
| Amounts payable | 17/49 | €5,929 | €6,954 | +€1,025 | +17.3% |
| Amounts payable within one year | 42/48 | €5,929 | €6,954 | +€1,025 | +17.3% |
| Financial debts | 43 | €4,454 | €4,965 | +€512 | +11.5% |
| Credit institutions | 430/8 | €4,454 | €4,965 | +€512 | +11.5% |
| Trade debts | 44 | €439 | €840 | +€401 | +91.3% |
| Suppliers | 440/4 | €439 | €840 | +€401 | +91.3% |
| Taxes, remuneration and social security | 45 | €1,036 | €1,148 | +€112 | +10.9% |
| Taxes | 450/3 | €1,036 | €1,148 | +€112 | +10.9% |
| Other operating charges | 640/8 | €3,044 | €651 | -€2,394 | -78.6% |
| Non-recurring operating charges | 66A | - | €257 | +€257 | |
| Gross operating margin | 9900 | €1,794 | €403 | -€1,391 | -77.5% |
| Operating profit (loss) | 9901 | -€1,250 | -€504 | +€746 | +59.6% |
| Financial income | 75/76B | €8,709 | €366 | -€8,343 | -95.8% |
| Recurring financial income | 75 | €2,980 | €366 | -€2,614 | -87.7% |
| Non-recurring financial income | 76B | €5,729 | €366 | -€5,363 | -93.6% |
| Financial charges | 65/66B | €3,992 | €2,951 | -€1,041 | -26.1% |
| Recurring financial charges | 65 | €3,001 | €2,951 | -€49 | -1.6% |
| Non-recurring financial charges | 66B | €991 | - | -€991 | |
| Profit (loss) for the period before taxes | 9903 | €3,467 | -€3,089 | -€6,557 | |
| Income taxes | 67/77 | €2,602 | - | -€2,602 | |
| Profit (loss) for the period | 9904 | €865 | -€3,089 | -€3,955 | |
| Profit (loss) for the period to be appropriated | 9905 | €865 | -€3,089 | -€3,955 |
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 22 October 2026 via checked.be.