MIBA: 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.
MIBA
Largest movements
- Cash +€16,812
up €16,812 (+11.7%), from €143,731 to €160,543
mainly Net result for the year (+€19,577) and Depreciation (+€4,214)
- Tangible fixed assets -€4,214
down €4,214 (-55.3%), from €7,627 to €3,413
- Deferred charges and accrued income +€2,246
up €2,246 (+373.3%), from €602 to €2,848
- Reserves +€19,000
up €19,000 (+19.8%), from €95,860 to €114,860
- Tax, wage and social debts -€3,293
down €3,293 (-93.5%), from €3,523 to €230
- Gross operating margin -€6,441
down €6,441 (-17.0%), from €37,915 to €31,474
- Depreciation -€6,138
down €6,138 (-59.3%), from €10,352 to €4,214
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 | €170,038 | €186,420 | +€16,382 | +9.6% |
| Fixed assets | 21/28 | €8,005 | €3,791 | -€4,214 | -52.6% |
| Tangible fixed assets | 22/27 | €7,627 | €3,413 | -€4,214 | -55.3% |
| Furniture and vehicles | 24 | €7,627 | €3,413 | -€4,214 | -55.3% |
| Financial fixed assets | 28 | €378 | €378 | = | 0.0% |
| Current assets | 29/58 | €162,032 | €182,628 | +€20,596 | +12.7% |
| Amounts receivable within one year | 40/41 | €17,700 | €19,238 | +€1,538 | +8.7% |
| Trade receivables | 40 | €16,163 | €16,650 | +€486 | +3.0% |
| Other amounts receivable | 41 | €1,537 | €2,588 | +€1,052 | +68.4% |
| Cash at bank and in hand | 54/58 | €143,731 | €160,543 | +€16,812 | +11.7% |
| Deferred charges and accrued income | 490/1 | €602 | €2,848 | +€2,246 | +373.3% |
| Total equity and liabilities | 10/49 | €170,038 | €186,420 | +€16,382 | +9.6% |
| Equity | 10/15 | €162,214 | €181,791 | +€19,577 | +12.1% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €95,860 | €114,860 | +€19,000 | +19.8% |
| Distributable reserves | 133 | €95,860 | €114,860 | +€19,000 | +19.8% |
| Profit (loss) carried forward | 14 | €60,154 | €60,731 | +€577 | +1.0% |
| Amounts payable | 17/49 | €7,824 | €4,629 | -€3,195 | -40.8% |
| Amounts payable within one year | 42/48 | €7,824 | €4,629 | -€3,195 | -40.8% |
| Trade debts | 44 | €2,643 | €4,399 | +€1,756 | +66.4% |
| Suppliers | 440/4 | €2,643 | €4,399 | +€1,756 | +66.4% |
| Taxes, remuneration and social security | 45 | €3,523 | €230 | -€3,293 | -93.5% |
| Taxes | 450/3 | €3,523 | €230 | -€3,293 | -93.5% |
| Other amounts payable | 47/48 | €1,658 | - | -€1,658 | |
| Remuneration, social security and pensions | 62 | €117 | - | -€117 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,352 | €4,214 | -€6,138 | -59.3% |
| Other operating charges | 640/8 | €865 | €970 | +€105 | +12.1% |
| Gross operating margin | 9900 | €37,915 | €31,474 | -€6,441 | -17.0% |
| Operating profit (loss) | 9901 | €26,580 | €26,290 | -€291 | -1.1% |
| Financial income | 75/76B | €689 | €903 | +€214 | +31.1% |
| Recurring financial income | 75 | €689 | €903 | +€214 | +31.1% |
| Financial charges | 65/66B | €125 | €140 | +€16 | +12.6% |
| Recurring financial charges | 65 | €125 | €140 | +€16 | +12.6% |
| Profit (loss) for the period before taxes | 9903 | €27,144 | €27,052 | -€92 | -0.3% |
| Income taxes | 67/77 | €7,806 | €7,475 | -€331 | -4.2% |
| Profit (loss) for the period | 9904 | €19,338 | €19,577 | +€239 | +1.2% |
| Profit (loss) for the period to be appropriated | 9905 | €19,338 | €19,577 | +€239 | +1.2% |
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 11 October 2026 via checked.be.