Mibeco: 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.
Mibeco
Largest movements
- Receivables within one year +€39,765
new in 2025: €39,765
of which Trade receivables: +€34,495
- Cash +€9,642
new in 2025: €9,642
mainly Other debts (+€308,986) and Tax, wage and social debts (+€37,716)
- Other debts +€308,986
new in 2025: €308,986
- Accrued charges and deferred income -€305,111
no longer reported in 2025 (was €305,111)
- Tax, wage and social debts +€37,716
new in 2025: €37,716
of which Taxes: +€29,526
- Profit (loss) carried forward +€7,815
up €7,815 (+1.6%), from -€478,008 to -€470,193
- Gross operating margin -€252,163
down €252,163 (-78.2%), from €322,418 to €70,255
- Staff costs +€59,516
new in 2025: €59,516
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 | - | €49,407 | +€49,407 | |
| Current assets | 29/58 | - | €49,407 | +€49,407 | |
| Amounts receivable within one year | 40/41 | - | €39,765 | +€39,765 | |
| Trade receivables | 40 | - | €34,495 | +€34,495 | |
| Other amounts receivable | 41 | - | €5,270 | +€5,270 | |
| Cash at bank and in hand | 54/58 | - | €9,642 | +€9,642 | |
| Total equity and liabilities | 10/49 | - | €49,407 | +€49,407 | |
| Equity | 10/15 | -€305,111 | -€297,295 | +€7,815 | +2.6% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €110,898 | €110,898 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Other | 1319 | €6,200 | €6,200 | = | 0.0% |
| Tax-exempt reserves | 132 | €18,750 | €18,750 | = | 0.0% |
| Distributable reserves | 133 | €85,948 | €85,948 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€478,008 | -€470,193 | +€7,815 | +1.6% |
| Amounts payable | 17/49 | €305,111 | €346,702 | +€41,591 | +13.6% |
| Amounts payable within one year | 42/48 | - | €346,702 | +€346,702 | |
| Taxes, remuneration and social security | 45 | - | €37,716 | +€37,716 | |
| Taxes | 450/3 | - | €29,526 | +€29,526 | |
| Remuneration and social security | 454/9 | - | €8,190 | +€8,190 | |
| Other amounts payable | 47/48 | - | €308,986 | +€308,986 | |
| Accrued charges and deferred income | 492/3 | €305,111 | - | -€305,111 | |
| Remuneration, social security and pensions | 62 | - | €59,516 | +€59,516 | |
| Other operating charges | 640/8 | €661 | €3,013 | +€2,353 | +356.0% |
| Gross operating margin | 9900 | €322,418 | €70,255 | -€252,163 | -78.2% |
| Operating profit (loss) | 9901 | €321,757 | €7,726 | -€314,031 | -97.6% |
| Financial income | 75/76B | €11 | €150 | +€139 | +1321.6% |
| Recurring financial income | 75 | €11 | €150 | +€139 | +1321.6% |
| Financial charges | 65/66B | - | €60 | +€60 | |
| Recurring financial charges | 65 | - | €60 | +€60 | |
| Profit (loss) for the period before taxes | 9903 | €321,768 | €7,815 | -€313,952 | -97.6% |
| Profit (loss) for the period | 9904 | €321,768 | €7,815 | -€313,952 | -97.6% |
| Profit (loss) for the period to be appropriated | 9905 | €321,768 | €7,815 | -€313,952 | -97.6% |
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.