Mibo Group: 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.
Mibo Group
Largest movements
- Financial fixed assets +€137,000
new in 2025: €137,000
- Receivables within one year -€28,646
down €28,646 (-47.7%), from €60,000 to €31,354
of which Trade receivables: -€28,650
- Deferred charges and accrued income +€2,443
new in 2025: €2,443
- Cash -€2,077
down €2,077 (-83.1%), from €2,500 to €423
mainly Investment in fixed assets (net) (-€137,000) and Deferred charges and accrued income (-€2,443)
- Reserves +€76,214
up €76,214 (+165.2%), from €46,127 to €122,340
- Tax, wage and social debts +€23,575
up €23,575 (+204.4%), from €11,532 to €35,107
- Other debts +€10,033
new in 2025: €10,033
- Gross operating margin +€37,118
up €37,118 (+63.9%), from €58,046 to €95,164
- Taxes +€8,000
up €8,000 (+69.4%), from €11,532 to €19,531
- Financial income +€2,444
new in 2025: €2,444
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 | €62,500 | €171,221 | +€108,721 | +174.0% |
| Fixed assets | 21/28 | - | €137,000 | +€137,000 | |
| Financial fixed assets | 28 | - | €137,000 | +€137,000 | |
| Current assets | 29/58 | €62,500 | €34,221 | -€28,279 | -45.2% |
| Amounts receivable within one year | 40/41 | €60,000 | €31,354 | -€28,646 | -47.7% |
| Trade receivables | 40 | €60,000 | €31,350 | -€28,650 | -47.8% |
| Other amounts receivable | 41 | - | €4 | +€4 | |
| Cash at bank and in hand | 54/58 | €2,500 | €423 | -€2,077 | -83.1% |
| Deferred charges and accrued income | 490/1 | - | €2,443 | +€2,443 | |
| Total equity and liabilities | 10/49 | €62,500 | €171,221 | +€108,721 | +174.0% |
| Equity | 10/15 | €48,627 | €124,840 | +€76,214 | +156.7% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €46,127 | €122,340 | +€76,214 | +165.2% |
| Distributable reserves | 133 | €46,127 | €122,340 | +€76,214 | +165.2% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €13,873 | €46,381 | +€32,507 | +234.3% |
| Amounts payable within one year | 42/48 | €13,873 | €45,869 | +€31,996 | +230.6% |
| Trade debts | 44 | €2,342 | €729 | -€1,612 | -68.9% |
| Suppliers | 440/4 | €2,342 | €729 | -€1,612 | -68.9% |
| Taxes, remuneration and social security | 45 | €11,532 | €35,107 | +€23,575 | +204.4% |
| Taxes | 450/3 | €11,532 | €35,107 | +€23,575 | +204.4% |
| Other amounts payable | 47/48 | - | €10,033 | +€10,033 | |
| Accrued charges and deferred income | 492/3 | - | €512 | +€512 | |
| Other operating charges | 640/8 | €388 | €400 | +€12 | +3.2% |
| Gross operating margin | 9900 | €58,046 | €95,164 | +€37,118 | +63.9% |
| Operating profit (loss) | 9901 | €57,659 | €94,764 | +€37,106 | +64.4% |
| Financial income | 75/76B | - | €2,444 | +€2,444 | |
| Recurring financial income | 75 | - | €2,444 | +€2,444 | |
| Financial charges | 65/66B | - | €630 | +€630 | |
| Recurring financial charges | 65 | - | €630 | +€630 | |
| Profit (loss) for the period before taxes | 9903 | €57,659 | €96,578 | +€38,920 | +67.5% |
| Income taxes | 67/77 | €11,532 | €19,531 | +€8,000 | +69.4% |
| Profit (loss) for the period | 9904 | €46,127 | €77,047 | +€30,920 | +67.0% |
| Profit (loss) for the period to be appropriated | 9905 | €46,127 | €77,047 | +€30,920 | +67.0% |
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 11 October 2026 via checked.be.