MIBESIMO: 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.
MIBESIMO
Largest movements
- Receivables after one year -€436,000
no longer reported in 2025 (was €436,000)
- Cash +€406,497
up €406,497 (+202.1%), from €201,168 to €607,666
mainly Net result for the year (+€3.1m) and Receivables after one year (+€436,000)
- Financial fixed assets -€340,000
down €340,000 (-29.7%), from €1.1m to €806,468
- Receivables within one year -€199,383
down €199,383 (-99.3%), from €200,887 to €1,504
of which Other amounts receivable: -€144,188
- Tangible fixed assets -€37,024
no longer reported in 2025 (was €37,024)
of which Furniture and vehicles: -€23,204
- Profit (loss) carried forward -€932,167
down €932,167 (-51.3%), from €1.8m to €884,362
- Other debts +€325,412
up €325,412 (+361.6%), from €90,000 to €415,412
- Financial income +€2.2m
up €2.2m (+219.8%), from €1.0m to €3.2m
- Gross operating margin -€429,493
down €429,493, from €340,355 to -€89,138
- Taxes -€60,847
down €60,847 (-99.6%), from €61,077 to €230
- Depreciation -€21,397
no longer reported in 2025 (was €21,397)
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 | €2,022,946 | €1,415,637 | -€607,308 | -30.0% |
| Fixed assets | 21/28 | €1,183,492 | €806,468 | -€377,024 | -31.9% |
| Tangible fixed assets | 22/27 | €37,024 | - | -€37,024 | |
| Land and buildings | 22 | €6,908 | - | -€6,908 | |
| Plant, machinery and equipment | 23 | €6,911 | - | -€6,911 | |
| Furniture and vehicles | 24 | €23,204 | - | -€23,204 | |
| Financial fixed assets | 28 | €1,146,468 | €806,468 | -€340,000 | -29.7% |
| Current assets | 29/58 | €839,454 | €609,169 | -€230,285 | -27.4% |
| Amounts receivable after more than one year | 29 | €436,000 | - | -€436,000 | |
| Other amounts receivable | 291 | €436,000 | - | -€436,000 | |
| Amounts receivable within one year | 40/41 | €200,887 | €1,504 | -€199,383 | -99.3% |
| Trade receivables | 40 | €56,507 | €1,312 | -€55,195 | -97.7% |
| Other amounts receivable | 41 | €144,380 | €192 | -€144,188 | -99.9% |
| Cash at bank and in hand | 54/58 | €201,168 | €607,666 | +€406,497 | +202.1% |
| Deferred charges and accrued income | 490/1 | €1,399 | - | -€1,399 | |
| Total equity and liabilities | 10/49 | €2,022,946 | €1,415,637 | -€607,308 | -30.0% |
| Equity | 10/15 | €1,926,529 | €994,362 | -€932,167 | -48.4% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Capital | 10 | €100,000 | €100,000 | = | 0.0% |
| Issued capital | 100 | €100,000 | €100,000 | = | 0.0% |
| Reserves | 13 | €10,000 | €10,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €10,000 | €10,000 | = | 0.0% |
| Legal reserve | 130 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,816,529 | €884,362 | -€932,167 | -51.3% |
| Amounts payable | 17/49 | €96,417 | €421,275 | +€324,858 | +336.9% |
| Amounts payable within one year | 42/48 | €96,417 | €421,275 | +€324,858 | +336.9% |
| Trade debts | 44 | €6,417 | €5,633 | -€784 | -12.2% |
| Suppliers | 440/4 | €6,417 | €5,633 | -€784 | -12.2% |
| Taxes, remuneration and social security | 45 | - | €230 | +€230 | |
| Taxes | 450/3 | - | €230 | +€230 | |
| Other amounts payable | 47/48 | €90,000 | €415,412 | +€325,412 | +361.6% |
| Non-recurring operating income | 76A | - | €26,172 | +€26,172 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,397 | - | -€21,397 | |
| Other operating charges | 640/8 | €1,551 | €1,172 | -€379 | -24.4% |
| Non-recurring operating charges | 66A | €2,156 | - | -€2,156 | |
| Gross operating margin | 9900 | €340,355 | -€89,138 | -€429,493 | |
| Operating profit (loss) | 9901 | €315,250 | -€90,311 | -€405,561 | |
| Financial income | 75/76B | €1,010,237 | €3,230,502 | +€2.2m | +219.8% |
| Recurring financial income | 75 | €1,010,237 | €3,230,502 | +€2.2m | +219.8% |
| Financial charges | 65/66B | €313 | €128 | -€186 | -59.3% |
| Recurring financial charges | 65 | €313 | €128 | -€186 | -59.3% |
| Profit (loss) for the period before taxes | 9903 | €1,325,174 | €3,140,064 | +€1.8m | +137.0% |
| Income taxes | 67/77 | €61,077 | €230 | -€60,847 | -99.6% |
| Profit (loss) for the period | 9904 | €1,264,096 | €3,139,833 | +€1.9m | +148.4% |
| Profit (loss) for the period to be appropriated | 9905 | €1,264,096 | €3,139,833 | +€1.9m | +148.4% |
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 3 October 2026 via checked.be.