MI-OS BVL: 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-OS BVL
Largest movements
- Receivables within one year +€60,109
up €60,109 (+331%), from €18,150 to €78,259
of which Trade receivables: +€60,000
- Current investments -€25,000
down €25,000 (-71.4%), from €35,000 to €10,000
- Cash +€12,129
up €12,129 (+7.0%), from €173,400 to €185,528
mainly Net result for the year (+€129,887) and Other debts (+€129,671)
- Other debts +€129,671
up €129,671 (+220%), from €58,952 to €188,623
- Reserves -€90,113
down €90,113 (-62.4%), from €144,339 to €54,226
- Tax, wage and social debts +€9,181
up €9,181 (+20.4%), from €44,984 to €54,165
of which Taxes: +€7,881
- Gross operating margin +€30,685
up €30,685 (+21.4%), from €143,487 to €174,172
- Taxes +€7,802
up €7,802 (+24.6%), from €31,778 to €39,580
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 | €251,233 | €301,122 | +€49,889 | +19.9% |
| Fixed assets | 21/28 | €24,142 | €26,765 | +€2,623 | +10.9% |
| Tangible fixed assets | 22/27 | €24,142 | €26,765 | +€2,623 | +10.9% |
| Furniture and vehicles | 24 | €985 | €2,085 | +€1,100 | +112% |
| Other tangible fixed assets | 26 | €23,157 | €24,680 | +€1,523 | +6.6% |
| Current assets | 29/58 | €227,091 | €274,357 | +€47,265 | +20.8% |
| Amounts receivable within one year | 40/41 | €18,150 | €78,259 | +€60,109 | +331% |
| Trade receivables | 40 | €18,150 | €78,150 | +€60,000 | +331% |
| Other amounts receivable | 41 | - | €109 | +€109 | |
| Current investments | 50/53 | €35,000 | €10,000 | -€25,000 | -71.4% |
| Cash at bank and in hand | 54/58 | €173,400 | €185,528 | +€12,129 | +7.0% |
| Deferred charges and accrued income | 490/1 | €542 | €570 | +€28 | +5.2% |
| Total equity and liabilities | 10/49 | €251,233 | €301,122 | +€49,889 | +19.9% |
| Equity | 10/15 | €146,339 | €56,226 | -€90,113 | -61.6% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €144,339 | €54,226 | -€90,113 | -62.4% |
| Distributable reserves | 133 | €144,339 | €54,226 | -€90,113 | -62.4% |
| Amounts payable | 17/49 | €104,894 | €244,896 | +€140,002 | +133% |
| Amounts payable within one year | 42/48 | €104,894 | €244,896 | +€140,002 | +133% |
| Trade debts | 44 | €958 | €2,109 | +€1,151 | +120% |
| Suppliers | 440/4 | €958 | €2,109 | +€1,151 | +120% |
| Taxes, remuneration and social security | 45 | €44,984 | €54,165 | +€9,181 | +20.4% |
| Taxes | 450/3 | €44,984 | €52,865 | +€7,881 | +17.5% |
| Remuneration and social security | 454/9 | - | €1,300 | +€1,300 | |
| Other amounts payable | 47/48 | €58,952 | €188,623 | +€129,671 | +220% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,732 | €3,678 | +€945 | +34.6% |
| Other operating charges | 640/8 | €1,079 | €1,115 | +€36 | +3.3% |
| Gross operating margin | 9900 | €143,487 | €174,172 | +€30,685 | +21.4% |
| Operating profit (loss) | 9901 | €139,675 | €169,379 | +€29,704 | +21.3% |
| Financial income | 75/76B | €1,815 | €731 | -€1,085 | -59.8% |
| Recurring financial income | 75 | €1,815 | €731 | -€1,085 | -59.8% |
| Financial charges | 65/66B | €823 | €643 | -€179 | -21.8% |
| Recurring financial charges | 65 | €823 | €643 | -€179 | -21.8% |
| Profit (loss) for the period before taxes | 9903 | €140,667 | €169,466 | +€28,799 | +20.5% |
| Income taxes | 67/77 | €31,778 | €39,580 | +€7,802 | +24.6% |
| Profit (loss) for the period | 9904 | €108,890 | €129,887 | +€20,997 | +19.3% |
| Profit (loss) for the period to be appropriated | 9905 | €108,890 | €129,887 | +€20,997 | +19.3% |
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 16 October 2026 via checked.be.