MIBC: 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.
MIBC
Largest movements
- Cash +€44,950
up €44,950 (+59.4%), from €75,618 to €120,567
mainly Net result for the year (+€58,097) and Other debts (+€25,000)
- Tangible fixed assets +€6,253
up €6,253 (+4586.9%), from €136 to €6,390
of which Furniture and vehicles: +€4,453
- Receivables within one year -€2,925
down €2,925 (-7.4%), from €39,767 to €36,842
of which Trade receivables: -€12,407
- Other debts +€25,000
up €25,000 (+100.0%), from €25,000 to €50,000
- Tax, wage and social debts +€13,613
up €13,613 (+156.7%), from €8,687 to €22,300
- Reserves +€8,097
up €8,097 (+8.9%), from €91,291 to €99,388
- Trade debts +€2,247
up €2,247 (+136.7%), from €1,644 to €3,891
- Gross operating margin +€46,365
up €46,365 (+121.9%), from €38,034 to €84,399
- Taxes +€10,410
up €10,410 (+111.0%), from €9,380 to €19,789
- Depreciation +€4,495
up €4,495 (+1625.9%), from €276 to €4,771
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 | €129,621 | €178,578 | +€48,957 | +37.8% |
| Fixed assets | 21/28 | €136 | €6,390 | +€6,253 | +4586.9% |
| Tangible fixed assets | 22/27 | €136 | €6,390 | +€6,253 | +4586.9% |
| Plant, machinery and equipment | 23 | - | €1,800 | +€1,800 | |
| Furniture and vehicles | 24 | €136 | €4,590 | +€4,453 | +3266.6% |
| Current assets | 29/58 | €129,485 | €172,188 | +€42,704 | +33.0% |
| Amounts receivable after more than one year | 29 | €14,100 | €14,779 | +€679 | +4.8% |
| Other amounts receivable | 291 | €14,100 | €14,779 | +€679 | +4.8% |
| Amounts receivable within one year | 40/41 | €39,767 | €36,842 | -€2,925 | -7.4% |
| Trade receivables | 40 | €30,891 | €18,485 | -€12,407 | -40.2% |
| Other amounts receivable | 41 | €8,876 | €18,358 | +€9,482 | +106.8% |
| Cash at bank and in hand | 54/58 | €75,618 | €120,567 | +€44,950 | +59.4% |
| Total equity and liabilities | 10/49 | €129,621 | €178,578 | +€48,957 | +37.8% |
| Equity | 10/15 | €94,291 | €102,388 | +€8,097 | +8.6% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €91,291 | €99,388 | +€8,097 | +8.9% |
| Distributable reserves | 133 | €91,291 | €99,388 | +€8,097 | +8.9% |
| Amounts payable | 17/49 | €35,330 | €76,191 | +€40,860 | +115.7% |
| Amounts payable within one year | 42/48 | €35,330 | €76,191 | +€40,860 | +115.7% |
| Trade debts | 44 | €1,644 | €3,891 | +€2,247 | +136.7% |
| Suppliers | 440/4 | €1,644 | €3,891 | +€2,247 | +136.7% |
| Taxes, remuneration and social security | 45 | €8,687 | €22,300 | +€13,613 | +156.7% |
| Taxes | 450/3 | €8,687 | €22,300 | +€13,613 | +156.7% |
| Other amounts payable | 47/48 | €25,000 | €50,000 | +€25,000 | +100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €276 | €4,771 | +€4,495 | +1625.9% |
| Other operating charges | 640/8 | €1,891 | €1,826 | -€66 | -3.5% |
| Gross operating margin | 9900 | €38,034 | €84,399 | +€46,365 | +121.9% |
| Operating profit (loss) | 9901 | €35,866 | €77,802 | +€41,936 | +116.9% |
| Financial income | 75/76B | €597 | €842 | +€245 | +41.0% |
| Recurring financial income | 75 | €597 | €842 | +€245 | +41.0% |
| Financial charges | 65/66B | €932 | €758 | -€174 | -18.7% |
| Recurring financial charges | 65 | €932 | €758 | -€174 | -18.7% |
| Profit (loss) for the period before taxes | 9903 | €35,531 | €77,886 | +€42,355 | +119.2% |
| Income taxes | 67/77 | €9,380 | €19,789 | +€10,410 | +111.0% |
| Profit (loss) for the period | 9904 | €26,152 | €58,097 | +€31,945 | +122.2% |
| Profit (loss) for the period to be appropriated | 9905 | €26,152 | €58,097 | +€31,945 | +122.2% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.