MI-PROJECTS: what changed
What changed
MI-PROJECTS
NACE 71.111, Activities of building architects
filed annual accounts (NBB)
Net result for the year
€70,097
2024 · €71,877-€1,779
Equity
€108,024
2024 · €107,926+€97
Cash
€84,532
2024 · €54,340+€30,192
Balance sheet total
€388,730
2024 · €376,530+€12,200
Largest movements
Assets
- Cash +€30,192
up €30,192 (+55.6%), from €54,340 to €84,532
mainly Net result for the year (+€70,097) and Depreciation (+€27,803)
- Tangible fixed assets -€27,446
down €27,446 (-14.1%), from €195,016 to €167,570
of which Leasing and similar rights: -€15,208
- Current investments +€8,000
new in 2025: €8,000
Equity and liabilities
- Debts after one year -€17,514
down €17,514 (-13.1%), from €134,021 to €116,507
- Other debts +€15,724
up €15,724 (+16.0%), from €98,201 to €113,925
- Tax, wage and social debts +€9,816
up €9,816 (+96.8%), from €10,140 to €19,956
Income statement
- Depreciation +€6,710
up €6,710 (+31.8%), from €21,093 to €27,803
- Gross operating margin +€6,487
up €6,487 (+5.2%), from €125,543 to €132,030
- Financial charges +€5,257
up €5,257 (+115%), from €4,566 to €9,823
- Financial income +€4,015
up €4,015 (+238%), from €1,688 to €5,703
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€71,877
Gross operating margin
+€6,487
Depreciation
-€6,710
Other operating charges
-€935
Financial income
+€4,015
Financial charges
-€5,257
Taxes
+€620
Result 2025
€70,097
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€125,051
Investment
-€8,000
Financing
-€86,860
Cash 2024
€54,340
From operations (derived)
+€125,051
Net result for the year
+€70,097
Depreciation
+€27,803
Receivables within one year
-€615
Deferred charges and accrued income
-€1,197
Trade debts
-€154
Tax, wage and social debts
+€9,816
Other debts
+€15,724
Accrued charges and deferred income
+€3,576
Investment (derived)
-€8,000
Current investments
-€8,000
Financing
-€86,860
Debts after one year
-€17,514
Current portion of long-term debt
+€654
Contributions, distributions and other
-€70,000
Cash 2025
€84,532
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €376,530 | €388,730 | +€12,200 | +3.2% |
| Fixed assets | 21/28 | €195,444 | €167,641 | -€27,803 | -14.2% |
| Intangible fixed assets | 21 | €429 | €71 | -€357 | -83.4% |
| Tangible fixed assets | 22/27 | €195,016 | €167,570 | -€27,446 | -14.1% |
| Land and buildings | 22 | €125,316 | €116,885 | -€8,431 | -6.7% |
| Plant, machinery and equipment | 23 | €2,205 | €1,543 | -€662 | -30.0% |
| Furniture and vehicles | 24 | €4,576 | €1,431 | -€3,145 | -68.7% |
| Leasing and similar rights | 25 | €62,918 | €47,710 | -€15,208 | -24.2% |
| Current assets | 29/58 | €181,086 | €221,089 | +€40,004 | +22.1% |
| Amounts receivable within one year | 40/41 | €122,500 | €123,116 | +€615 | +0.5% |
| Trade receivables | 40 | €21,576 | €21,686 | +€110 | +0.5% |
| Other amounts receivable | 41 | €100,925 | €101,430 | +€505 | +0.5% |
| Current investments | 50/53 | - | €8,000 | +€8,000 | |
| Cash at bank and in hand | 54/58 | €54,340 | €84,532 | +€30,192 | +55.6% |
| Deferred charges and accrued income | 490/1 | €4,245 | €5,442 | +€1,197 | +28.2% |
| Total equity and liabilities | 10/49 | €376,530 | €388,730 | +€12,200 | +3.2% |
| Equity | 10/15 | €107,926 | €108,024 | +€97 | +0.1% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €98,900 | €98,900 | = | 0.0% |
| Distributable reserves | 133 | €98,900 | €98,900 | = | 0.0% |
| Profit (loss) carried forward | 14 | €4,026 | €4,124 | +€97 | +2.4% |
| Amounts payable | 17/49 | €268,604 | €280,707 | +€12,103 | +4.5% |
| Amounts payable after more than one year | 17 | €134,021 | €116,507 | -€17,514 | -13.1% |
| Financial debts | 170/4 | €134,021 | €116,507 | -€17,514 | -13.1% |
| Amounts payable within one year | 42/48 | €133,453 | €159,494 | +€26,041 | +19.5% |
| Current portion of amounts payable after more than one year | 42 | €16,860 | €17,514 | +€654 | +3.9% |
| Trade debts | 44 | €8,253 | €8,099 | -€154 | -1.9% |
| Suppliers | 440/4 | €8,253 | €8,099 | -€154 | -1.9% |
| Taxes, remuneration and social security | 45 | €10,140 | €19,956 | +€9,816 | +96.8% |
| Taxes | 450/3 | €10,140 | €19,956 | +€9,816 | +96.8% |
| Other amounts payable | 47/48 | €98,201 | €113,925 | +€15,724 | +16.0% |
| Accrued charges and deferred income | 492/3 | €1,129 | €4,705 | +€3,576 | +317% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,093 | €27,803 | +€6,710 | +31.8% |
| Other operating charges | 640/8 | €3,800 | €4,735 | +€935 | +24.6% |
| Gross operating margin | 9900 | €125,543 | €132,030 | +€6,487 | +5.2% |
| Operating profit (loss) | 9901 | €100,649 | €99,491 | -€1,158 | -1.2% |
| Financial income | 75/76B | €1,688 | €5,703 | +€4,015 | +238% |
| Recurring financial income | 75 | €1,688 | €5,703 | +€4,015 | +238% |
| Financial charges | 65/66B | €4,566 | €9,823 | +€5,257 | +115% |
| Recurring financial charges | 65 | €4,566 | €9,823 | +€5,257 | +115% |
| Profit (loss) for the period before taxes | 9903 | €97,771 | €95,371 | -€2,399 | -2.5% |
| Income taxes | 67/77 | €25,894 | €25,274 | -€620 | -2.4% |
| Profit (loss) for the period | 9904 | €71,877 | €70,097 | -€1,779 | -2.5% |
| Profit (loss) for the period to be appropriated | 9905 | €71,877 | €70,097 | -€1,779 | -2.5% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.