MIBRO PROJECTS: 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.
MIBRO PROJECTS
Largest movements
- Tangible fixed assets -€26,359
down €26,359 (-54.9%), from €48,018 to €21,659
- Deferred charges and accrued income +€12,997
up €12,997 (+5769.5%), from €225 to €13,223
- Cash -€9,058
down €9,058 (-25.5%), from €35,497 to €26,439
mainly Debts after one year (-€21,704) and Deferred charges and accrued income (-€12,997)
- Receivables within one year -€2,070
down €2,070 (-5.0%), from €41,133 to €39,063
of which Trade receivables: -€1,720
- Debts after one year -€21,704
down €21,704 (-60.3%), from €36,011 to €14,307
- Current portion of long-term debt +€6,922
up €6,922 (+28.9%), from €23,958 to €30,880
- Tax, wage and social debts -€6,463
down €6,463 (-49.3%), from €13,101 to €6,638
of which Taxes: -€6,380
- Trade debts -€4,441
down €4,441 (-27.1%), from €16,378 to €11,937
- Turnover -€19,002
down €19,002 (-4.1%), from €458,823 to €439,821
- Purchases and services -€14,241
down €14,241 (-3.5%), from €405,088 to €390,847
- Gross operating margin -€4,761
down €4,761 (-8.9%), from €53,735 to €48,974
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €126,732 | €102,243 | -€24,489 | -19.3% |
| Fixed assets | 21/28 | €49,878 | €23,519 | -€26,359 | -52.8% |
| Tangible fixed assets | 22/27 | €48,018 | €21,659 | -€26,359 | -54.9% |
| Furniture and vehicles | 24 | €48,018 | €21,659 | -€26,359 | -54.9% |
| Financial fixed assets | 28 | €1,860 | €1,860 | = | 0.0% |
| Current assets | 29/58 | €76,855 | €78,725 | +€1,870 | +2.4% |
| Amounts receivable within one year | 40/41 | €41,133 | €39,063 | -€2,070 | -5.0% |
| Trade receivables | 40 | €25,289 | €23,569 | -€1,720 | -6.8% |
| Other amounts receivable | 41 | €15,844 | €15,494 | -€350 | -2.2% |
| Cash at bank and in hand | 54/58 | €35,497 | €26,439 | -€9,058 | -25.5% |
| Deferred charges and accrued income | 490/1 | €225 | €13,223 | +€12,997 | +5769.5% |
| Total equity and liabilities | 10/49 | €126,732 | €102,243 | -€24,489 | -19.3% |
| Equity | 10/15 | €37,285 | €38,482 | +€1,197 | +3.2% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €34,285 | €35,482 | +€1,197 | +3.5% |
| Amounts payable | 17/49 | €89,447 | €63,762 | -€25,686 | -28.7% |
| Amounts payable after more than one year | 17 | €36,011 | €14,307 | -€21,704 | -60.3% |
| Financial debts | 170/4 | €36,011 | €14,307 | -€21,704 | -60.3% |
| Amounts payable within one year | 42/48 | €53,436 | €49,455 | -€3,981 | -7.5% |
| Current portion of amounts payable after more than one year | 42 | €23,958 | €30,880 | +€6,922 | +28.9% |
| Trade debts | 44 | €16,378 | €11,937 | -€4,441 | -27.1% |
| Suppliers | 440/4 | €16,378 | €11,937 | -€4,441 | -27.1% |
| Taxes, remuneration and social security | 45 | €13,101 | €6,638 | -€6,463 | -49.3% |
| Taxes | 450/3 | €7,133 | €753 | -€6,380 | -89.4% |
| Remuneration and social security | 454/9 | €5,968 | €5,885 | -€83 | -1.4% |
| Turnover | 70 | €458,823 | €439,821 | -€19,002 | -4.1% |
| Goods, raw materials, services and sundry goods | 60/61 | €405,088 | €390,847 | -€14,241 | -3.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €37,161 | €39,321 | +€2,160 | +5.8% |
| Other operating charges | 640/8 | €827 | €470 | -€357 | -43.2% |
| Gross operating margin | 9900 | €53,735 | €48,974 | -€4,761 | -8.9% |
| Operating profit (loss) | 9901 | €15,747 | €9,183 | -€6,564 | -41.7% |
| Financial income | 75/76B | €500 | €735 | +€235 | +46.9% |
| Recurring financial income | 75 | €500 | €735 | +€235 | +46.9% |
| Financial charges | 65/66B | €8,196 | €7,748 | -€449 | -5.5% |
| Recurring financial charges | 65 | €8,196 | €7,748 | -€449 | -5.5% |
| Profit (loss) for the period before taxes | 9903 | €8,050 | €2,170 | -€5,881 | -73.0% |
| Income taxes | 67/77 | €2,320 | €1,000 | -€1,320 | -56.9% |
| Profit (loss) for the period | 9904 | €5,731 | €1,170 | -€4,561 | -79.6% |
| Profit (loss) for the period to be appropriated | 9905 | €5,731 | €1,170 | -€4,561 | -79.6% |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.