Mi-Va: 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-Va
Largest movements
- Tangible fixed assets -€10,271
down €10,271 (-66.0%), from €15,556 to €5,285
of which Leasing and similar rights: -€6,110
- Receivables within one year +€9,049
up €9,049 (+30.9%), from €29,243 to €38,292
of which Other amounts receivable: +€5,801
- Cash -€3,056
down €3,056 (-45.1%), from €6,779 to €3,723
mainly Debts after one year (-€10,945) and Receivables within one year (-€9,049)
- Deferred charges and accrued income +€767
up €767 (+824.7%), from €93 to €860
- Debts after one year -€10,945
down €10,945 (-87.9%), from €12,445 to €1,500
- Tax, wage and social debts +€6,166
up €6,166 (+41.3%), from €14,923 to €21,089
of which Taxes: +€6,166
- Reserves +€4,171
up €4,171 (+64.4%), from €6,480 to €10,651
- Current portion of long-term debt -€3,303
down €3,303 (-23.2%), from €14,248 to €10,945
- Gross operating margin -€4,177
down €4,177 (-15.4%), from €27,104 to €22,927
- Taxes -€1,655
down €1,655 (-23.3%), from €7,102 to €5,447
- Financial charges -€805
down €805 (-43.6%), from €1,848 to €1,043
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 | €51,671 | €48,160 | -€3,511 | -6.8% |
| Fixed assets | 21/28 | €15,556 | €5,285 | -€10,271 | -66.0% |
| Tangible fixed assets | 22/27 | €15,556 | €5,285 | -€10,271 | -66.0% |
| Land and buildings | 22 | €1,980 | €215 | -€1,765 | -89.1% |
| Plant, machinery and equipment | 23 | €16 | - | -€16 | |
| Furniture and vehicles | 24 | €6,061 | €3,681 | -€2,380 | -39.3% |
| Leasing and similar rights | 25 | €7,499 | €1,389 | -€6,110 | -81.5% |
| Current assets | 29/58 | €36,115 | €42,875 | +€6,760 | +18.7% |
| Amounts receivable within one year | 40/41 | €29,243 | €38,292 | +€9,049 | +30.9% |
| Trade receivables | 40 | €8,412 | €11,660 | +€3,248 | +38.6% |
| Other amounts receivable | 41 | €20,831 | €26,632 | +€5,801 | +27.8% |
| Cash at bank and in hand | 54/58 | €6,779 | €3,723 | -€3,056 | -45.1% |
| Deferred charges and accrued income | 490/1 | €93 | €860 | +€767 | +824.7% |
| Total equity and liabilities | 10/49 | €51,671 | €48,160 | -€3,511 | -6.8% |
| Equity | 10/15 | €8,980 | €13,151 | +€4,171 | +46.4% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Capital | 10 | €2,500 | €2,500 | = | 0.0% |
| Issued capital | 100 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €6,480 | €10,651 | +€4,171 | +64.4% |
| Distributable reserves | 133 | €6,480 | €10,651 | +€4,171 | +64.4% |
| Amounts payable | 17/49 | €42,691 | €35,009 | -€7,682 | -18.0% |
| Amounts payable after more than one year | 17 | €12,445 | €1,500 | -€10,945 | -87.9% |
| Financial debts | 170/4 | €12,445 | €1,500 | -€10,945 | -87.9% |
| Amounts payable within one year | 42/48 | €30,246 | €33,509 | +€3,263 | +10.8% |
| Current portion of amounts payable after more than one year | 42 | €14,248 | €10,945 | -€3,303 | -23.2% |
| Trade debts | 44 | €1,075 | €1,475 | +€400 | +37.2% |
| Suppliers | 440/4 | €1,075 | €1,475 | +€400 | +37.2% |
| Taxes, remuneration and social security | 45 | €14,923 | €21,089 | +€6,166 | +41.3% |
| Taxes | 450/3 | €11,423 | €17,589 | +€6,166 | +54.0% |
| Remuneration and social security | 454/9 | €3,500 | €3,500 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,155 | €11,114 | -€41 | -0.4% |
| Other operating charges | 640/8 | €1,299 | €1,205 | -€94 | -7.2% |
| Gross operating margin | 9900 | €27,104 | €22,927 | -€4,177 | -15.4% |
| Operating profit (loss) | 9901 | €14,650 | €10,608 | -€4,042 | -27.6% |
| Financial income | 75/76B | - | €53 | +€53 | |
| Recurring financial income | 75 | - | €53 | +€53 | |
| Financial charges | 65/66B | €1,848 | €1,043 | -€805 | -43.6% |
| Recurring financial charges | 65 | €1,848 | €1,043 | -€805 | -43.6% |
| Profit (loss) for the period before taxes | 9903 | €12,802 | €9,618 | -€3,184 | -24.9% |
| Income taxes | 67/77 | €7,102 | €5,447 | -€1,655 | -23.3% |
| Profit (loss) for the period | 9904 | €5,700 | €4,171 | -€1,529 | -26.8% |
| Profit (loss) for the period to be appropriated | 9905 | €5,700 | €4,171 | -€1,529 | -26.8% |
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 3 October 2026 via checked.be.