MIBIST: 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.
MIBIST
Largest movements
- Cash +€4,354
up €4,354 (+20.0%), from €21,744 to €26,098
mainly Net result for the year (+€4,813) and Other debts (+€3,387)
- Receivables within one year +€1,815
new in 2025: €1,815
- Other debts +€3,387
new in 2025: €3,387
- Tax, wage and social debts +€1,568
up €1,568 (+65.2%), from €2,404 to €3,971
- Reserves +€1,276
up €1,276 (+10.4%), from €12,244 to €13,519
of which Distributable reserves: +€1,276
- Taxes -€846
down €846 (-21.1%), from €4,002 to €3,156
- Gross operating margin -€235
down €235 (-2.2%), from €10,800 to €10,565
- Financial income -€144
down €144 (-94.2%), from €152 to €9
- Other operating charges +€109
new in 2025: €109
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.
Derived cash bridge
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 | €22,036 | €28,205 | +€6,169 | +28.0% |
| Fixed assets | 21/28 | €293 | €293 | = | 0.0% |
| Tangible fixed assets | 22/27 | €0 | €0 | = | |
| Furniture and vehicles | 24 | €0 | €0 | = | |
| Financial fixed assets | 28 | €293 | €293 | = | 0.0% |
| Current assets | 29/58 | €21,744 | €27,913 | +€6,169 | +28.4% |
| Amounts receivable within one year | 40/41 | - | €1,815 | +€1,815 | |
| Trade receivables | 40 | - | €1,815 | +€1,815 | |
| Cash at bank and in hand | 54/58 | €21,744 | €26,098 | +€4,354 | +20.0% |
| Total equity and liabilities | 10/49 | €22,036 | €28,205 | +€6,169 | +28.0% |
| Equity | 10/15 | €18,444 | €19,719 | +€1,276 | +6.9% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €12,244 | €13,519 | +€1,276 | +10.4% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Other | 1319 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €10,384 | €11,659 | +€1,276 | +12.3% |
| Amounts payable | 17/49 | €3,592 | €8,486 | +€4,893 | +136% |
| Amounts payable within one year | 42/48 | €3,592 | €8,486 | +€4,893 | +136% |
| Trade debts | 44 | €1,189 | €1,127 | -€62 | -5.2% |
| Suppliers | 440/4 | €1,189 | €1,127 | -€62 | -5.2% |
| Taxes, remuneration and social security | 45 | €2,404 | €3,971 | +€1,568 | +65.2% |
| Taxes | 450/3 | €2,404 | €3,971 | +€1,568 | +65.2% |
| Other amounts payable | 47/48 | - | €3,387 | +€3,387 | |
| Other operating charges | 640/8 | - | €109 | +€109 | |
| Gross operating margin | 9900 | €10,800 | €10,565 | -€235 | -2.2% |
| Operating profit (loss) | 9901 | €10,800 | €10,457 | -€343 | -3.2% |
| Financial income | 75/76B | €152 | €9 | -€144 | -94.2% |
| Recurring financial income | 75 | €152 | €9 | -€144 | -94.2% |
| Financial charges | 65/66B | €2,427 | €2,497 | +€69 | +2.9% |
| Recurring financial charges | 65 | €2,427 | €2,497 | +€69 | +2.9% |
| Profit (loss) for the period before taxes | 9903 | €8,525 | €7,969 | -€556 | -6.5% |
| Income taxes | 67/77 | €4,002 | €3,156 | -€846 | -21.1% |
| Profit (loss) for the period | 9904 | €4,523 | €4,813 | +€290 | +6.4% |
| Profit (loss) for the period to be appropriated | 9905 | €4,523 | €4,813 | +€290 | +6.4% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 13 October 2026 via checked.be.