Mibeno: 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.
Mibeno
Largest movements
- Receivables within one year +€80,690
up €80,690 (+51.1%), from €157,830 to €238,520
of which Other amounts receivable: +€106,690
- Cash -€7,869
no longer reported in 2025 (was €7,869)
mainly Receivables within one year (-€80,690) and Tax, wage and social debts (-€1,049)
- Other debts +€42,071
up €42,071 (+58.3%), from €72,157 to €114,228
- Profit (loss) carried forward +€24,842
up €24,842 (+30.1%), from €82,638 to €107,480
- Trade debts +€6,290
up €6,290 (+960.1%), from €655 to €6,945
- Financial income -€41,000
no longer reported in 2025 (was €41,000)
- Gross operating margin -€18,484
down €18,484 (-34.8%), from €53,132 to €34,648
- Taxes -€3,837
down €3,837 (-36.1%), from €10,618 to €6,780
- Financial charges +€1,793
up €1,793 (+24197.6%), from €7 to €1,800
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 | €171,743 | €243,904 | +€72,161 | +42.0% |
| Fixed assets | 21/28 | €6,044 | €5,383 | -€661 | -10.9% |
| Tangible fixed assets | 22/27 | €2,294 | €1,633 | -€661 | -28.8% |
| Furniture and vehicles | 24 | €2,294 | €1,633 | -€661 | -28.8% |
| Financial fixed assets | 28 | €3,750 | €3,750 | = | 0.0% |
| Current assets | 29/58 | €165,699 | €238,520 | +€72,821 | +43.9% |
| Amounts receivable within one year | 40/41 | €157,830 | €238,520 | +€80,690 | +51.1% |
| Trade receivables | 40 | €26,000 | - | -€26,000 | |
| Other amounts receivable | 41 | €131,830 | €238,520 | +€106,690 | +80.9% |
| Cash at bank and in hand | 54/58 | €7,869 | - | -€7,869 | |
| Total equity and liabilities | 10/49 | €171,743 | €243,904 | +€72,161 | +42.0% |
| Equity | 10/15 | €84,638 | €109,480 | +€24,842 | +29.4% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Outside capital | 11 | €2,000 | €2,000 | = | 0.0% |
| Other | 1109/19 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €82,638 | €107,480 | +€24,842 | +30.1% |
| Amounts payable | 17/49 | €87,105 | €134,423 | +€47,319 | +54.3% |
| Amounts payable within one year | 42/48 | €87,105 | €134,423 | +€47,319 | +54.3% |
| Financial debts | 43 | - | €7 | +€7 | |
| Credit institutions | 430/8 | - | €7 | +€7 | |
| Trade debts | 44 | €655 | €6,945 | +€6,290 | +960.1% |
| Suppliers | 440/4 | €655 | €6,945 | +€6,290 | +960.1% |
| Taxes, remuneration and social security | 45 | €14,293 | €13,243 | -€1,049 | -7.3% |
| Taxes | 450/3 | €14,293 | €13,243 | -€1,049 | -7.3% |
| Other amounts payable | 47/48 | €72,157 | €114,228 | +€42,071 | +58.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €348 | €661 | +€312 | +89.6% |
| Other operating charges | 640/8 | €520 | €565 | +€44 | +8.5% |
| Gross operating margin | 9900 | €53,132 | €34,648 | -€18,484 | -34.8% |
| Operating profit (loss) | 9901 | €52,263 | €33,423 | -€18,840 | -36.0% |
| Financial income | 75/76B | €41,000 | - | -€41,000 | |
| Recurring financial income | 75 | €41,000 | - | -€41,000 | |
| Financial charges | 65/66B | €7 | €1,800 | +€1,793 | +24197.6% |
| Recurring financial charges | 65 | €7 | €1,800 | +€1,793 | +24197.6% |
| Profit (loss) for the period before taxes | 9903 | €93,256 | €31,622 | -€61,633 | -66.1% |
| Income taxes | 67/77 | €10,618 | €6,780 | -€3,837 | -36.1% |
| Profit (loss) for the period | 9904 | €82,638 | €24,842 | -€57,796 | -69.9% |
| Profit (loss) for the period to be appropriated | 9905 | €82,638 | €24,842 | -€57,796 | -69.9% |
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 8 October 2026 via checked.be.