MIAPP'S: 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.
MIAPP'S
Largest movements
- Cash +€37,418
up €37,418 (+208.8%), from €17,923 to €55,342
mainly Net result for the year (+€47,891) and Other debts (+€42,082)
- Tangible fixed assets -€2,251
down €2,251 (-51.4%), from €4,378 to €2,127
- Receivables within one year +€2,240
up €2,240 (+9.8%), from €22,785 to €25,025
of which Other amounts receivable: +€5,604
- Other debts +€42,082
up €42,082 (+281.0%), from €14,976 to €57,057
- Reserves -€9,167
no longer reported in 2025 (was €9,167)
- Debts after one year -€8,380
no longer reported in 2025 (was €8,380)
- Contributions +€7,900
up €7,900 (+73.8%), from €10,700 to €18,600
- Tax, wage and social debts +€3,945
up €3,945 (+80.1%), from €4,927 to €8,871
- Gross operating margin +€22,717
up €22,717 (+54.3%), from €41,799 to €64,516
- Taxes +€6,327
up €6,327 (+99.0%), from €6,390 to €12,716
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 | €48,149 | €85,689 | +€37,540 | +78.0% |
| Fixed assets | 21/28 | €4,378 | €2,127 | -€2,251 | -51.4% |
| Tangible fixed assets | 22/27 | €4,378 | €2,127 | -€2,251 | -51.4% |
| Furniture and vehicles | 24 | €4,378 | €2,127 | -€2,251 | -51.4% |
| Current assets | 29/58 | €43,772 | €83,563 | +€39,791 | +90.9% |
| Amounts receivable within one year | 40/41 | €22,785 | €25,025 | +€2,240 | +9.8% |
| Trade receivables | 40 | €13,340 | €9,976 | -€3,364 | -25.2% |
| Other amounts receivable | 41 | €9,445 | €15,049 | +€5,604 | +59.3% |
| Cash at bank and in hand | 54/58 | €17,923 | €55,342 | +€37,418 | +208.8% |
| Deferred charges and accrued income | 490/1 | €3,063 | €3,196 | +€132 | +4.3% |
| Total equity and liabilities | 10/49 | €48,149 | €85,689 | +€37,540 | +78.0% |
| Equity | 10/15 | €19,867 | €18,600 | -€1,267 | -6.4% |
| Contributions | 10/11 | €10,700 | €18,600 | +€7,900 | +73.8% |
| Reserves | 13 | €9,167 | - | -€9,167 | |
| Distributable reserves | 133 | €9,167 | - | -€9,167 | |
| Amounts payable | 17/49 | €28,282 | €67,089 | +€38,807 | +137.2% |
| Amounts payable after more than one year | 17 | €8,380 | - | -€8,380 | |
| Financial debts | 170/4 | €8,380 | - | -€8,380 | |
| Amounts payable within one year | 42/48 | €19,902 | €67,089 | +€47,187 | +237.1% |
| Trade debts | 44 | - | €1,161 | +€1,161 | |
| Suppliers | 440/4 | - | €1,161 | +€1,161 | |
| Taxes, remuneration and social security | 45 | €4,927 | €8,871 | +€3,945 | +80.1% |
| Taxes | 450/3 | €4,927 | €8,871 | +€3,945 | +80.1% |
| Other amounts payable | 47/48 | €14,976 | €57,057 | +€42,082 | +281.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,480 | €3,497 | +€17 | +0.5% |
| Other operating charges | 640/8 | €387 | €498 | +€110 | +28.5% |
| Gross operating margin | 9900 | €41,799 | €64,516 | +€22,717 | +54.3% |
| Operating profit (loss) | 9901 | €37,931 | €60,521 | +€22,589 | +59.6% |
| Financial income | 75/76B | - | €285 | +€285 | |
| Recurring financial income | 75 | - | €285 | +€285 | |
| Financial charges | 65/66B | €79 | €199 | +€119 | +150.1% |
| Recurring financial charges | 65 | €79 | €199 | +€119 | +150.1% |
| Profit (loss) for the period before taxes | 9903 | €37,852 | €60,607 | +€22,755 | +60.1% |
| Income taxes | 67/77 | €6,390 | €12,716 | +€6,327 | +99.0% |
| Profit (loss) for the period | 9904 | €31,462 | €47,891 | +€16,428 | +52.2% |
| Profit (loss) for the period to be appropriated | 9905 | €31,462 | €47,891 | +€16,428 | +52.2% |
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 1 October 2026 via checked.be.