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 -€50,247
down €50,247 (-93.8%), from €53,543 to €3,296
- Cash +€29,197
up €29,197 (+215.7%), from €13,538 to €42,735
mainly Stocks and contracts (+€50,247) and Net result for the year (+€17,380)
- Receivables within one year +€5,542
up €5,542 (+140.7%), from €3,939 to €9,482
of which Trade receivables: +€5,072
- Other debts -€40,485
no longer reported in 2025 (was €40,485)
- Profit (loss) carried forward +€17,380
up €17,380 (+141.3%), from €12,297 to €29,677
- Trade debts +€6,221
up €6,221 (+64.3%), from €9,675 to €15,896
- Tax, wage and social debts +€1,358
up €1,358 (+46.8%), from €2,904 to €4,262
of which Taxes: +€2,414
- Staff costs -€5,396
down €5,396 (-28.6%), from €18,889 to €13,493
- Gross operating margin +€3,777
up €3,777 (+9.5%), from €39,749 to €43,527
- Taxes +€3,679
new in 2025: €3,679
- Other operating charges +€3,184
up €3,184 (+223.1%), from €1,427 to €4,611
- Financial charges -€1,020
down €1,020 (-18.9%), from €5,383 to €4,363
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 | €73,420 | €57,913 | -€15,507 | -21.1% |
| Fixed assets | 21/28 | €1,800 | €1,800 | = | 0.0% |
| Financial fixed assets | 28 | €1,800 | €1,800 | = | 0.0% |
| Current assets | 29/58 | €71,620 | €56,113 | -€15,507 | -21.7% |
| Stocks and contracts in progress | 3 | €53,543 | €3,296 | -€50,247 | -93.8% |
| Stocks | 30/36 | €53,543 | €3,296 | -€50,247 | -93.8% |
| Amounts receivable within one year | 40/41 | €3,939 | €9,482 | +€5,542 | +140.7% |
| Trade receivables | 40 | €80 | €5,152 | +€5,072 | +6339.9% |
| Other amounts receivable | 41 | €3,859 | €4,330 | +€471 | +12.2% |
| Cash at bank and in hand | 54/58 | €13,538 | €42,735 | +€29,197 | +215.7% |
| Deferred charges and accrued income | 490/1 | €600 | €600 | = | 0.0% |
| Total equity and liabilities | 10/49 | €73,420 | €57,913 | -€15,507 | -21.1% |
| Equity | 10/15 | €20,357 | €37,737 | +€17,380 | +85.4% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €12,297 | €29,677 | +€17,380 | +141.3% |
| Amounts payable | 17/49 | €53,063 | €20,176 | -€32,887 | -62.0% |
| Amounts payable within one year | 42/48 | €53,063 | €20,157 | -€32,906 | -62.0% |
| Trade debts | 44 | €9,675 | €15,896 | +€6,221 | +64.3% |
| Suppliers | 440/4 | €9,675 | €15,896 | +€6,221 | +64.3% |
| Taxes, remuneration and social security | 45 | €2,904 | €4,262 | +€1,358 | +46.8% |
| Taxes | 450/3 | €1,265 | €3,679 | +€2,414 | +190.9% |
| Remuneration and social security | 454/9 | €1,639 | €582 | -€1,057 | -64.5% |
| Other amounts payable | 47/48 | €40,485 | - | -€40,485 | |
| Accrued charges and deferred income | 492/3 | - | €19 | +€19 | |
| Remuneration, social security and pensions | 62 | €18,889 | €13,493 | -€5,396 | -28.6% |
| Other operating charges | 640/8 | €1,427 | €4,611 | +€3,184 | +223.1% |
| Gross operating margin | 9900 | €39,749 | €43,527 | +€3,777 | +9.5% |
| Operating profit (loss) | 9901 | €19,433 | €25,422 | +€5,990 | +30.8% |
| Financial charges | 65/66B | €5,383 | €4,363 | -€1,020 | -18.9% |
| Recurring financial charges | 65 | €5,383 | €4,363 | -€1,020 | -18.9% |
| Profit (loss) for the period before taxes | 9903 | €14,049 | €21,059 | +€7,010 | +49.9% |
| Income taxes | 67/77 | - | €3,679 | +€3,679 | |
| Profit (loss) for the period | 9904 | €14,049 | €17,380 | +€3,331 | +23.7% |
| Profit (loss) for the period to be appropriated | 9905 | €14,049 | €17,380 | +€3,331 | +23.7% |
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 10 October 2026 via checked.be.