MIALVIT: 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.
MIALVIT
Largest movements
- Stocks and contracts +€54,000
up €54,000 (+120.9%), from €44,680 to €98,680
- Cash -€27,167
down €27,167 (-17.5%), from €154,842 to €127,675
mainly Stocks and contracts (-€54,000) and Debts after one year (-€30,628)
- Deferred charges and accrued income +€5,765
up €5,765 (+66.6%), from €8,660 to €14,425
- Profit (loss) carried forward +€66,819
up €66,819 (+126026.1%), from €53 to €66,872
- Debts after one year -€30,628
down €30,628 (-100.0%), from €30,628 to €0
- Tax, wage and social debts +€10,166
up €10,166 (+48.3%), from €21,033 to €31,199
of which Remuneration and social security: +€12,192
- Gross operating margin +€88,999
up €88,999 (+61.3%), from €145,158 to €234,156
- Staff costs +€57,081
up €57,081 (+110.2%), from €51,811 to €108,893
- Depreciation +€16,042
up €16,042 (+144.7%), from €11,090 to €27,133
- Taxes +€3,823
up €3,823 (+20.7%), from €18,512 to €22,335
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 | €539,649 | €576,010 | +€36,361 | +6.7% |
| Fixed assets | 21/28 | €93,940 | €92,230 | -€1,709 | -1.8% |
| Intangible fixed assets | 21 | €4,236 | €2,236 | -€2,000 | -47.2% |
| Tangible fixed assets | 22/27 | €89,704 | €89,995 | +€291 | +0.3% |
| Plant, machinery and equipment | 23 | €19,384 | €11,466 | -€7,917 | -40.8% |
| Furniture and vehicles | 24 | €4,081 | €25,654 | +€21,573 | +528.6% |
| Leasing and similar rights | 25 | €66,239 | €52,874 | -€13,365 | -20.2% |
| Current assets | 29/58 | €445,709 | €483,779 | +€38,070 | +8.5% |
| Stocks and contracts in progress | 3 | €44,680 | €98,680 | +€54,000 | +120.9% |
| Stocks | 30/36 | €44,680 | €98,680 | +€54,000 | +120.9% |
| Amounts receivable within one year | 40/41 | €237,526 | €242,999 | +€5,472 | +2.3% |
| Trade receivables | 40 | €236,104 | €239,718 | +€3,614 | +1.5% |
| Other amounts receivable | 41 | €1,422 | €3,280 | +€1,858 | +130.7% |
| Cash at bank and in hand | 54/58 | €154,842 | €127,675 | -€27,167 | -17.5% |
| Deferred charges and accrued income | 490/1 | €8,660 | €14,425 | +€5,765 | +66.6% |
| Total equity and liabilities | 10/49 | €539,649 | €576,010 | +€36,361 | +6.7% |
| Equity | 10/15 | €314,653 | €381,472 | +€66,819 | +21.2% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €252,600 | €252,600 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Distributable reserves | 133 | €246,400 | €246,400 | = | 0.0% |
| Profit (loss) carried forward | 14 | €53 | €66,872 | +€66,819 | +126026.1% |
| Amounts payable | 17/49 | €224,996 | €194,538 | -€30,458 | -13.5% |
| Amounts payable after more than one year | 17 | €30,628 | €0 | -€30,628 | -100.0% |
| Financial debts | 170/4 | €30,628 | €0 | -€30,628 | -100.0% |
| Amounts payable within one year | 42/48 | €194,367 | €194,538 | +€170 | +0.1% |
| Current portion of amounts payable after more than one year | 42 | €36,197 | €30,628 | -€5,569 | -15.4% |
| Trade debts | 44 | €134,433 | €132,290 | -€2,143 | -1.6% |
| Suppliers | 440/4 | €134,433 | €132,290 | -€2,143 | -1.6% |
| Taxes, remuneration and social security | 45 | €21,033 | €31,199 | +€10,166 | +48.3% |
| Taxes | 450/3 | €17,516 | €15,491 | -€2,026 | -11.6% |
| Remuneration and social security | 454/9 | €3,516 | €15,709 | +€12,192 | +346.7% |
| Other amounts payable | 47/48 | €2,705 | €420 | -€2,285 | -84.5% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €51,811 | €108,893 | +€57,081 | +110.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,090 | €27,133 | +€16,042 | +144.7% |
| Other operating charges | 640/8 | €6,406 | €8,191 | +€1,785 | +27.9% |
| Gross operating margin | 9900 | €145,158 | €234,156 | +€88,999 | +61.3% |
| Operating profit (loss) | 9901 | €75,850 | €89,940 | +€14,090 | +18.6% |
| Financial income | 75/76B | €171 | €438 | +€268 | +156.7% |
| Recurring financial income | 75 | €171 | €438 | +€268 | +156.7% |
| Financial charges | 65/66B | €295 | €1,224 | +€929 | +314.7% |
| Recurring financial charges | 65 | €295 | €1,224 | +€929 | +314.7% |
| Profit (loss) for the period before taxes | 9903 | €75,725 | €89,154 | +€13,429 | +17.7% |
| Income taxes | 67/77 | €18,512 | €22,335 | +€3,823 | +20.7% |
| Profit (loss) for the period | 9904 | €57,214 | €66,819 | +€9,606 | +16.8% |
| Profit (loss) for the period to be appropriated | 9905 | €57,214 | €66,819 | +€9,606 | +16.8% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.