MI8 LAW: 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.
MI8 LAW
Largest movements
- Cash -€256,188
down €256,188 (-59.0%), from €434,357 to €178,170
mainly Contributions, distributions and other (-€658,458) and Tax, wage and social debts (-€120,305)
- Receivables after one year -€100,000
down €100,000 (-16.4%), from €610,000 to €510,000
- Current investments -€58,419
no longer reported in 2025 (was €58,419)
- Reserves -€294,752
down €294,752 (-50.5%), from €583,587 to €288,835
- Tax, wage and social debts -€120,305
down €120,305 (-77.8%), from €154,543 to €34,238
of which Taxes: -€116,204
- Gross operating margin +€163,096
up €163,096 (+50.9%), from €320,696 to €483,791
- Taxes +€39,583
up €39,583 (+49.6%), from €79,782 to €119,365
- Other operating charges +€17,477
up €17,477 (+4,512%), from €387 to €17,865
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 | €1,103,579 | €695,584 | -€407,995 | -37.0% |
| Current assets | 29/58 | €1,103,579 | €695,584 | -€407,995 | -37.0% |
| Amounts receivable after more than one year | 29 | €610,000 | €510,000 | -€100,000 | -16.4% |
| Other amounts receivable | 291 | €610,000 | €510,000 | -€100,000 | -16.4% |
| Amounts receivable within one year | 40/41 | €803 | €7,414 | +€6,611 | +823% |
| Trade receivables | 40 | - | €6,611 | +€6,611 | |
| Other amounts receivable | 41 | €803 | €803 | = | 0.0% |
| Current investments | 50/53 | €58,419 | - | -€58,419 | |
| Cash at bank and in hand | 54/58 | €434,357 | €178,170 | -€256,188 | -59.0% |
| Total equity and liabilities | 10/49 | €1,103,579 | €695,584 | -€407,995 | -37.0% |
| Equity | 10/15 | €588,587 | €293,835 | -€294,752 | -50.1% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €583,587 | €288,835 | -€294,752 | -50.5% |
| Distributable reserves | 133 | €583,587 | €288,835 | -€294,752 | -50.5% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €514,992 | €401,749 | -€113,243 | -22.0% |
| Amounts payable within one year | 42/48 | €514,992 | €401,289 | -€113,703 | -22.1% |
| Trade debts | 44 | €16,921 | €14,003 | -€2,918 | -17.2% |
| Suppliers | 440/4 | €16,921 | €14,003 | -€2,918 | -17.2% |
| Taxes, remuneration and social security | 45 | €154,543 | €34,238 | -€120,305 | -77.8% |
| Taxes | 450/3 | €150,442 | €34,238 | -€116,204 | -77.2% |
| Remuneration and social security | 454/9 | €4,101 | €0 | -€4,101 | -100% |
| Other amounts payable | 47/48 | €343,528 | €353,048 | +€9,520 | +2.8% |
| Accrued charges and deferred income | 492/3 | - | €460 | +€460 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €418 | €0 | -€418 | -100% |
| Other operating charges | 640/8 | €387 | €17,865 | +€17,477 | +4,512% |
| Gross operating margin | 9900 | €320,696 | €483,791 | +€163,096 | +50.9% |
| Operating profit (loss) | 9901 | €319,891 | €465,927 | +€146,036 | +45.7% |
| Financial income | 75/76B | €19,305 | €17,416 | -€1,889 | -9.8% |
| Recurring financial income | 75 | €19,305 | €17,416 | -€1,889 | -9.8% |
| Financial charges | 65/66B | €242 | €271 | +€29 | +12.2% |
| Recurring financial charges | 65 | €242 | €271 | +€29 | +12.2% |
| Profit (loss) for the period before taxes | 9903 | €338,954 | €483,071 | +€144,117 | +42.5% |
| Income taxes | 67/77 | €79,782 | €119,365 | +€39,583 | +49.6% |
| Profit (loss) for the period | 9904 | €259,172 | €363,706 | +€104,534 | +40.3% |
| Profit (loss) for the period to be appropriated | 9905 | €259,172 | €363,706 | +€104,534 | +40.3% |
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 24 October 2026 via checked.be.