MIA: 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.
MIA
Largest movements
- Stocks and contracts +€1,649
up €1,649 (+71.7%), from €2,301 to €3,951
- Cash -€1,122
down €1,122 (-46.0%), from €2,442 to €1,320
mainly Stocks and contracts (-€1,649) and Other debts (-€794)
- Receivables within one year +€673
new in 2025: €673
- Tangible fixed assets -€525
down €525 (-81.1%), from €648 to €122
- Profit (loss) carried forward +€1,665
up €1,665 (+3.6%), from -€46,843 to -€45,177
- Other debts -€794
no longer reported in 2025 (was €794)
- Tax, wage and social debts -€197
down €197 (-37.1%), from €531 to €334
- Gross operating margin +€182
up €182 (+9.0%), from €2,009 to €2,191
- Depreciation -€149
down €149 (-22.1%), from €674 to €525
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 | €5,391 | €6,065 | +€674 | +12.5% |
| Fixed assets | 21/28 | €648 | €122 | -€525 | -81.1% |
| Tangible fixed assets | 22/27 | €648 | €122 | -€525 | -81.1% |
| Plant, machinery and equipment | 23 | €648 | €122 | -€525 | -81.1% |
| Current assets | 29/58 | €4,743 | €5,943 | +€1,200 | +25.3% |
| Stocks and contracts in progress | 3 | €2,301 | €3,951 | +€1,649 | +71.7% |
| Stocks | 30/36 | €2,301 | €3,951 | +€1,649 | +71.7% |
| Amounts receivable within one year | 40/41 | - | €673 | +€673 | |
| Other amounts receivable | 41 | - | €673 | +€673 | |
| Cash at bank and in hand | 54/58 | €2,442 | €1,320 | -€1,122 | -46.0% |
| Total equity and liabilities | 10/49 | €5,391 | €6,065 | +€674 | +12.5% |
| Equity | 10/15 | €4,066 | €5,731 | +€1,665 | +41.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Capital | 10 | €18,600 | €18,600 | = | 0.0% |
| Issued capital | 100 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €32,309 | €32,309 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Legal reserve | 130 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €30,449 | €30,449 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€46,843 | -€45,177 | +€1,665 | +3.6% |
| Amounts payable | 17/49 | €1,325 | €334 | -€991 | -74.8% |
| Amounts payable within one year | 42/48 | €1,325 | €334 | -€991 | -74.8% |
| Taxes, remuneration and social security | 45 | €531 | €334 | -€197 | -37.1% |
| Taxes | 450/3 | €531 | €334 | -€197 | -37.1% |
| Other amounts payable | 47/48 | €794 | - | -€794 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €674 | €525 | -€149 | -22.1% |
| Gross operating margin | 9900 | €2,009 | €2,191 | +€182 | +9.0% |
| Operating profit (loss) | 9901 | €1,335 | €1,665 | +€331 | +24.8% |
| Financial charges | 65/66B | €1 | - | -€1 | |
| Recurring financial charges | 65 | €1 | - | -€1 | |
| Profit (loss) for the period before taxes | 9903 | €1,334 | €1,665 | +€332 | +24.9% |
| Profit (loss) for the period | 9904 | €1,334 | €1,665 | +€332 | +24.9% |
| Profit (loss) for the period to be appropriated | 9905 | €1,334 | €1,665 | +€332 | +24.9% |
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 20 October 2026 via checked.be.