MiBe: 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.
MiBe
Largest movements
- Receivables within one year -€78,058
down €78,058 (-90.1%), from €86,604 to €8,546
of which Trade receivables: -€60,465
- Tangible fixed assets -€33,583
down €33,583 (-24.6%), from €136,693 to €103,110
of which Furniture and vehicles: -€28,968
- Cash +€32,755
up €32,755 (+111.3%), from €29,427 to €62,182
mainly Receivables within one year (+€78,058) and Depreciation (+€52,342)
- Intangible fixed assets -€8,400
down €8,400 (-18.0%), from €46,572 to €38,172
- Trade debts -€39,820
down €39,820 (-72.1%), from €55,208 to €15,389
- Debts after one year -€15,784
down €15,784 (-48.3%), from €32,659 to €16,875
of which Financial debts: -€15,384
- Tax, wage and social debts -€14,117
down €14,117 (-23.8%), from €59,194 to €45,078
of which Taxes: -€11,005
- Current portion of long-term debt -€12,023
down €12,023 (-43.9%), from €27,408 to €15,384
- Other debts -€10,058
no longer reported in 2025 (was €10,058)
- Staff costs -€11,645
down €11,645 (-4.5%), from €261,423 to €249,778
- Financial income -€8,412
down €8,412 (-89.3%), from €9,420 to €1,008
- Gross operating margin -€7,961
down €7,961 (-2.3%), from €343,263 to €335,302
- Depreciation +€6,646
up €6,646 (+14.5%), from €45,696 to €52,342
- Financial charges +€5,622
up €5,622 (+124.0%), from €4,536 to €10,158
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 | €309,195 | €224,599 | -€84,596 | -27.4% |
| Fixed assets | 21/28 | €193,164 | €153,872 | -€39,293 | -20.3% |
| Intangible fixed assets | 21 | €46,572 | €38,172 | -€8,400 | -18.0% |
| Tangible fixed assets | 22/27 | €136,693 | €103,110 | -€33,583 | -24.6% |
| Land and buildings | 22 | €31,333 | €27,990 | -€3,343 | -10.7% |
| Plant, machinery and equipment | 23 | €33,870 | €32,599 | -€1,271 | -3.8% |
| Furniture and vehicles | 24 | €71,489 | €42,521 | -€28,968 | -40.5% |
| Financial fixed assets | 28 | €9,900 | €12,590 | +€2,690 | +27.2% |
| Current assets | 29/58 | €116,031 | €70,728 | -€45,303 | -39.0% |
| Amounts receivable within one year | 40/41 | €86,604 | €8,546 | -€78,058 | -90.1% |
| Trade receivables | 40 | €62,634 | €2,169 | -€60,465 | -96.5% |
| Other amounts receivable | 41 | €23,969 | €6,377 | -€17,593 | -73.4% |
| Cash at bank and in hand | 54/58 | €29,427 | €62,182 | +€32,755 | +111.3% |
| Total equity and liabilities | 10/49 | €309,195 | €224,599 | -€84,596 | -27.4% |
| Equity | 10/15 | €124,668 | €131,874 | +€7,206 | +5.8% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €87,512 | €94,512 | +€7,000 | +8.0% |
| Distributable reserves | 133 | €87,512 | €94,512 | +€7,000 | +8.0% |
| Profit (loss) carried forward | 14 | €18,605 | €18,811 | +€206 | +1.1% |
| Amounts payable | 17/49 | €184,527 | €92,726 | -€91,802 | -49.7% |
| Amounts payable after more than one year | 17 | €32,659 | €16,875 | -€15,784 | -48.3% |
| Financial debts | 170/4 | €29,859 | €14,475 | -€15,384 | -51.5% |
| Other amounts payable | 178/9 | €2,800 | €2,400 | -€400 | -14.3% |
| Amounts payable within one year | 42/48 | €151,868 | €75,851 | -€76,017 | -50.1% |
| Current portion of amounts payable after more than one year | 42 | €27,408 | €15,384 | -€12,023 | -43.9% |
| Trade debts | 44 | €55,208 | €15,389 | -€39,820 | -72.1% |
| Suppliers | 440/4 | €55,208 | €15,389 | -€39,820 | -72.1% |
| Taxes, remuneration and social security | 45 | €59,194 | €45,078 | -€14,117 | -23.8% |
| Taxes | 450/3 | €30,175 | €19,170 | -€11,005 | -36.5% |
| Remuneration and social security | 454/9 | €29,019 | €25,907 | -€3,112 | -10.7% |
| Other amounts payable | 47/48 | €10,058 | - | -€10,058 | |
| Remuneration, social security and pensions | 62 | €261,423 | €249,778 | -€11,645 | -4.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €45,696 | €52,342 | +€6,646 | +14.5% |
| Other operating charges | 640/8 | €8,672 | €7,984 | -€687 | -7.9% |
| Gross operating margin | 9900 | €343,263 | €335,302 | -€7,961 | -2.3% |
| Operating profit (loss) | 9901 | €27,472 | €25,197 | -€2,275 | -8.3% |
| Financial income | 75/76B | €9,420 | €1,008 | -€8,412 | -89.3% |
| Recurring financial income | 75 | €9,420 | €1,008 | -€8,412 | -89.3% |
| Financial charges | 65/66B | €4,536 | €10,158 | +€5,622 | +124.0% |
| Recurring financial charges | 65 | €4,536 | €10,158 | +€5,622 | +124.0% |
| Profit (loss) for the period before taxes | 9903 | €32,356 | €16,047 | -€16,309 | -50.4% |
| Income taxes | 67/77 | €9,210 | €8,841 | -€369 | -4.0% |
| Profit (loss) for the period | 9904 | €23,146 | €7,206 | -€15,940 | -68.9% |
| Profit (loss) for the period to be appropriated | 9905 | €23,146 | €7,206 | -€15,940 | -68.9% |
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 4 October 2026 via checked.be.