MI RAD: 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 RAD
Largest movements
- Tangible fixed assets +€144,348
up €144,348 (+293.9%), from €49,118 to €193,465
of which Furniture and vehicles: +€86,323
- Cash -€135,353
down €135,353 (-15.4%), from €881,363 to €746,010
mainly Contributions, distributions and other (-€930,628) and Investment in fixed assets (net) (-€162,500)
- Tax, wage and social debts +€21,822
up €21,822 (+194.2%), from €11,237 to €33,059
- Other debts -€12,509
down €12,509 (-1.4%), from €907,978 to €895,469
- Gross operating margin +€48,427
up €48,427 (+4.0%), from €1.2m to €1.3m
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 | €938,227 | €947,339 | +€9,112 | +1.0% |
| Fixed assets | 21/28 | €49,118 | €193,465 | +€144,348 | +293.9% |
| Tangible fixed assets | 22/27 | €49,118 | €193,465 | +€144,348 | +293.9% |
| Plant, machinery and equipment | 23 | €693 | €259 | -€434 | -62.6% |
| Furniture and vehicles | 24 | €47,013 | €133,336 | +€86,323 | +183.6% |
| Other tangible fixed assets | 26 | €1,412 | €59,870 | +€58,458 | +4141.1% |
| Current assets | 29/58 | €889,109 | €753,874 | -€135,236 | -15.2% |
| Amounts receivable within one year | 40/41 | €0 | - | = | |
| Other amounts receivable | 41 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €881,363 | €746,010 | -€135,353 | -15.4% |
| Deferred charges and accrued income | 490/1 | €7,747 | €7,863 | +€117 | +1.5% |
| Total equity and liabilities | 10/49 | €938,227 | €947,339 | +€9,112 | +1.0% |
| Equity | 10/15 | €18,600 | €18,600 | = | 0.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €0 | - | = | |
| Distributable reserves | 133 | €0 | - | = | |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €919,627 | €928,739 | +€9,112 | +1.0% |
| Amounts payable within one year | 42/48 | €919,627 | €928,739 | +€9,112 | +1.0% |
| Financial debts | 43 | - | €6 | +€6 | |
| Credit institutions | 430/8 | - | €6 | +€6 | |
| Trade debts | 44 | €412 | €205 | -€207 | -50.3% |
| Suppliers | 440/4 | €412 | €205 | -€207 | -50.3% |
| Taxes, remuneration and social security | 45 | €11,237 | €33,059 | +€21,822 | +194.2% |
| Taxes | 450/3 | €11,237 | €33,059 | +€21,822 | +194.2% |
| Other amounts payable | 47/48 | €907,978 | €895,469 | -€12,509 | -1.4% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,554 | €18,152 | +€1,598 | +9.7% |
| Other operating charges | 640/8 | €601 | €1,250 | +€648 | +107.8% |
| Gross operating margin | 9900 | €1,207,891 | €1,256,318 | +€48,427 | +4.0% |
| Operating profit (loss) | 9901 | €1,190,736 | €1,236,916 | +€46,180 | +3.9% |
| Financial income | 75/76B | - | €1 | +€1 | |
| Recurring financial income | 75 | - | €1 | +€1 | |
| Financial charges | 65/66B | €1,363 | €1,079 | -€284 | -20.8% |
| Recurring financial charges | 65 | €1,363 | €1,079 | -€284 | -20.8% |
| Profit (loss) for the period before taxes | 9903 | €1,189,372 | €1,235,837 | +€46,465 | +3.9% |
| Income taxes | 67/77 | €293,387 | €305,209 | +€11,822 | +4.0% |
| Profit (loss) for the period | 9904 | €895,986 | €930,628 | +€34,643 | +3.9% |
| Profit (loss) for the period to be appropriated | 9905 | €895,986 | €930,628 | +€34,643 | +3.9% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.