Mi-Paint: what changed
Two fiscal 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-Paint
Largest movements
- Cash +€18,497
up €18,497 (+423.6%), from €4,367 to €22,863
mainly Net result for the year (+€17,092) and Debts after one year (+€12,023)
- Tangible fixed assets +€15,980
up €15,980 (+131.2%), from €12,179 to €28,158
of which Furniture and vehicles: +€16,387
- Receivables within one year -€5,168
down €5,168 (-15.4%), from €33,477 to €28,309
of which Trade receivables: -€9,072
- Stocks and contracts +€5,000
new in 2025: €5,000
- Deferred charges and accrued income +€2,650
new in 2025: €2,650
- Reserves +€15,000
up €15,000 (+46.9%), from €32,000 to €47,000
- Debts after one year +€12,023
new in 2025: €12,023
- Current portion of long-term debt +€7,682
new in 2025: €7,682
- Profit (loss) carried forward +€2,092
up €2,092 (+94.9%), from €2,203 to €4,295
- Tax, wage and social debts +€1,850
up €1,850 (+205.6%), from €900 to €2,750
of which Remuneration and social security: +€1,650
- Gross operating margin +€12,112
up €12,112 (+51.4%), from €23,574 to €35,686
- Taxes +€2,458
up €2,458 (+52.2%), from €4,706 to €7,163
- Depreciation +€1,800
up €1,800 (+31.5%), from €5,719 to €7,520
- Financial charges +€374
new in 2025: €374
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.
Cash bridge derived
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 | €50,022 | €86,981 | +€36,959 | +73.9% |
| Fixed assets | 21/28 | €12,179 | €28,158 | +€15,980 | +131.2% |
| Tangible fixed assets | 22/27 | €12,179 | €28,158 | +€15,980 | +131.2% |
| Plant, machinery and equipment | 23 | €2,424 | €2,017 | -€407 | -16.8% |
| Furniture and vehicles | 24 | €9,754 | €26,141 | +€16,387 | +168.0% |
| Current assets | 29/58 | €37,843 | €58,823 | +€20,979 | +55.4% |
| Stocks and contracts in progress | 3 | - | €5,000 | +€5,000 | |
| Stocks | 30/36 | - | €5,000 | +€5,000 | |
| Amounts receivable within one year | 40/41 | €33,477 | €28,309 | -€5,168 | -15.4% |
| Trade receivables | 40 | €28,444 | €19,373 | -€9,072 | -31.9% |
| Other amounts receivable | 41 | €5,033 | €8,936 | +€3,903 | +77.6% |
| Cash at bank and in hand | 54/58 | €4,367 | €22,863 | +€18,497 | +423.6% |
| Deferred charges and accrued income | 490/1 | - | €2,650 | +€2,650 | |
| Total equity and liabilities | 10/49 | €50,022 | €86,981 | +€36,959 | +73.9% |
| Equity | 10/15 | €39,203 | €56,295 | +€17,092 | +43.6% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €32,000 | €47,000 | +€15,000 | +46.9% |
| Distributable reserves | 133 | €32,000 | €47,000 | +€15,000 | +46.9% |
| Profit (loss) carried forward | 14 | €2,203 | €4,295 | +€2,092 | +94.9% |
| Amounts payable | 17/49 | €10,819 | €30,685 | +€19,867 | +183.6% |
| Amounts payable after more than one year | 17 | - | €12,023 | +€12,023 | |
| Financial debts | 170/4 | - | €12,023 | +€12,023 | |
| Amounts payable within one year | 42/48 | €10,819 | €18,662 | +€7,844 | +72.5% |
| Current portion of amounts payable after more than one year | 42 | - | €7,682 | +€7,682 | |
| Trade debts | 44 | €6,270 | €4,976 | -€1,294 | -20.6% |
| Suppliers | 440/4 | €6,270 | €4,976 | -€1,294 | -20.6% |
| Taxes, remuneration and social security | 45 | €900 | €2,750 | +€1,850 | +205.6% |
| Taxes | 450/3 | €900 | €1,100 | +€200 | +22.2% |
| Remuneration and social security | 454/9 | - | €1,650 | +€1,650 | |
| Other amounts payable | 47/48 | €3,649 | €3,254 | -€395 | -10.8% |
| Remuneration, social security and pensions | 62 | €1,520 | €1,696 | +€176 | +11.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,719 | €7,520 | +€1,800 | +31.5% |
| Other operating charges | 640/8 | €1,542 | €1,869 | +€326 | +21.2% |
| Gross operating margin | 9900 | €23,574 | €35,686 | +€12,112 | +51.4% |
| Operating profit (loss) | 9901 | €14,792 | €24,601 | +€9,809 | +66.3% |
| Financial income | 75/76B | €96 | €28 | -€68 | -70.9% |
| Recurring financial income | 75 | €96 | €28 | -€68 | -70.9% |
| Financial charges | 65/66B | - | €374 | +€374 | |
| Recurring financial charges | 65 | - | €374 | +€374 | |
| Profit (loss) for the period before taxes | 9903 | €14,888 | €24,255 | +€9,367 | +62.9% |
| Income taxes | 67/77 | €4,706 | €7,163 | +€2,458 | +52.2% |
| Profit (loss) for the period | 9904 | €10,183 | €17,092 | +€6,909 | +67.9% |
| Profit (loss) for the period to be appropriated | 9905 | €10,183 | €17,092 | +€6,909 | +67.9% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.