Mi-Law: 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-Law
Largest movements
- Cash +€21,678
up €21,678 (+180%), from €12,055 to €33,733
mainly Trade debts (+€12,596) and Depreciation (+€7,012)
- Tangible fixed assets -€7,012
down €7,012 (-20.3%), from €34,600 to €27,589
- Receivables within one year +€2,731
up €2,731 (+11.4%), from €24,015 to €26,746
of which Trade receivables: +€12,888
- Trade debts +€12,596
up €12,596 (+17,894%), from €70 to €12,666
- Advances received +€2,618
new in 2025: €2,618
- Profit (loss) carried forward +€2,085
up €2,085 (+4.1%), from €51,012 to €53,097
- Gross operating margin -€33,554
down €33,554 (-72.4%), from €46,375 to €12,821
- Taxes -€7,167
down €7,167 (-75.3%), from €9,517 to €2,350
- Depreciation +€6,554
up €6,554 (+1,433%), from €457 to €7,012
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 | €70,670 | €88,067 | +€17,397 | +24.6% |
| Fixed assets | 21/28 | €34,600 | €27,589 | -€7,012 | -20.3% |
| Tangible fixed assets | 22/27 | €34,600 | €27,589 | -€7,012 | -20.3% |
| Furniture and vehicles | 24 | €34,600 | €27,589 | -€7,012 | -20.3% |
| Current assets | 29/58 | €36,070 | €60,478 | +€24,408 | +67.7% |
| Amounts receivable within one year | 40/41 | €24,015 | €26,746 | +€2,731 | +11.4% |
| Trade receivables | 40 | €4,645 | €17,533 | +€12,888 | +277% |
| Other amounts receivable | 41 | €19,370 | €9,213 | -€10,157 | -52.4% |
| Cash at bank and in hand | 54/58 | €12,055 | €33,733 | +€21,678 | +180% |
| Total equity and liabilities | 10/49 | €70,670 | €88,067 | +€17,397 | +24.6% |
| Equity | 10/15 | €53,512 | €55,597 | +€2,085 | +3.9% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €51,012 | €53,097 | +€2,085 | +4.1% |
| Amounts payable | 17/49 | €17,158 | €32,470 | +€15,312 | +89.2% |
| Amounts payable within one year | 42/48 | €17,158 | €32,470 | +€15,312 | +89.2% |
| Trade debts | 44 | €70 | €12,666 | +€12,596 | +17,894% |
| Suppliers | 440/4 | €70 | €12,666 | +€12,596 | +17,894% |
| Advances received on contracts in progress | 46 | - | €2,618 | +€2,618 | |
| Taxes, remuneration and social security | 45 | €17,088 | €17,186 | +€98 | +0.6% |
| Taxes | 450/3 | €17,088 | €17,186 | +€98 | +0.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €457 | €7,012 | +€6,554 | +1,433% |
| Other operating charges | 640/8 | €2,237 | €1,863 | -€374 | -16.7% |
| Gross operating margin | 9900 | €46,375 | €12,821 | -€33,554 | -72.4% |
| Operating profit (loss) | 9901 | €43,680 | €3,946 | -€39,734 | -91.0% |
| Financial income | 75/76B | €734 | €568 | -€166 | -22.6% |
| Recurring financial income | 75 | €478 | €568 | +€90 | +18.8% |
| Non-recurring financial income | 76B | €256 | - | -€256 | |
| Financial charges | 65/66B | €122 | €79 | -€43 | -34.9% |
| Recurring financial charges | 65 | €122 | €79 | -€43 | -34.9% |
| Profit (loss) for the period before taxes | 9903 | €44,292 | €4,435 | -€39,857 | -90.0% |
| Income taxes | 67/77 | €9,517 | €2,350 | -€7,167 | -75.3% |
| Profit (loss) for the period | 9904 | €34,775 | €2,085 | -€32,690 | -94.0% |
| Profit (loss) for the period to be appropriated | 9905 | €34,775 | €2,085 | -€32,690 | -94.0% |
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 27 October 2026 via checked.be.