MIBS: 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.
MIBS
Largest movements
- Deferred charges and accrued income -€23,699
down €23,699 (-28.6%), from €82,975 to €59,276
- Current investments +€12,710
up €12,710 (+13.4%), from €94,625 to €107,335
- Tangible fixed assets +€11,770
up €11,770 (+125.7%), from €9,362 to €21,132
of which Furniture and vehicles: +€13,718
- Cash +€11,133
up €11,133 (+29.0%), from €38,348 to €49,482
mainly Net result for the year (+€50,191) and Deferred charges and accrued income (+€23,699)
- Stocks and contracts -€6,300
down €6,300 (-30.9%), from €20,397 to €14,097
- Reserves +€50,191
up €50,191 (+29.3%), from €171,362 to €221,553
of which Distributable reserves: +€50,191
- Other debts -€29,696
down €29,696 (-78.0%), from €38,080 to €8,384
- Trade debts -€7,708
down €7,708 (-73.0%), from €10,552 to €2,844
- Tax, wage and social debts -€6,988
down €6,988 (-28.9%), from €24,216 to €17,228
- Taxes +€9,416
up €9,416 (+57.0%), from €16,527 to €25,944
- Gross operating margin +€8,389
up €8,389 (+10.7%), from €78,767 to €87,156
- Write-downs +€3,802
new in 2025: €3,802
- Depreciation +€1,457
up €1,457 (+31.2%), from €4,668 to €6,125
- Other operating charges -€996
down €996 (-65.2%), from €1,528 to €532
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 | €265,014 | €268,672 | +€3,659 | +1.4% |
| Fixed assets | 21/28 | €9,362 | €21,132 | +€11,770 | +125.7% |
| Tangible fixed assets | 22/27 | €9,362 | €21,132 | +€11,770 | +125.7% |
| Furniture and vehicles | 24 | €3,411 | €17,129 | +€13,718 | +402.2% |
| Other tangible fixed assets | 26 | €5,952 | €4,004 | -€1,948 | -32.7% |
| Current assets | 29/58 | €255,652 | €247,540 | -€8,112 | -3.2% |
| Stocks and contracts in progress | 3 | €20,397 | €14,097 | -€6,300 | -30.9% |
| Stocks | 30/36 | €20,397 | €14,097 | -€6,300 | -30.9% |
| Amounts receivable within one year | 40/41 | €19,306 | €17,350 | -€1,956 | -10.1% |
| Trade receivables | 40 | €18,689 | €17,050 | -€1,639 | -8.8% |
| Other amounts receivable | 41 | €617 | €300 | -€317 | -51.4% |
| Current investments | 50/53 | €94,625 | €107,335 | +€12,710 | +13.4% |
| Cash at bank and in hand | 54/58 | €38,348 | €49,482 | +€11,133 | +29.0% |
| Deferred charges and accrued income | 490/1 | €82,975 | €59,276 | -€23,699 | -28.6% |
| Total equity and liabilities | 10/49 | €265,014 | €268,672 | +€3,659 | +1.4% |
| Equity | 10/15 | €189,912 | €240,103 | +€50,191 | +26.4% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €171,362 | €221,553 | +€50,191 | +29.3% |
| Non-distributable reserves | 130/1 | €1,855 | €1,855 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,855 | €1,855 | = | 0.0% |
| Distributable reserves | 133 | €169,507 | €219,698 | +€50,191 | +29.6% |
| Amounts payable | 17/49 | €75,102 | €28,569 | -€46,532 | -62.0% |
| Amounts payable within one year | 42/48 | €74,776 | €28,569 | -€46,206 | -61.8% |
| Financial debts | 43 | €460 | €113 | -€347 | -75.5% |
| Credit institutions | 430/8 | €460 | €113 | -€347 | -75.5% |
| Trade debts | 44 | €10,552 | €2,844 | -€7,708 | -73.0% |
| Suppliers | 440/4 | €10,552 | €2,844 | -€7,708 | -73.0% |
| Advances received on contracts in progress | 46 | €1,468 | - | -€1,468 | |
| Taxes, remuneration and social security | 45 | €24,216 | €17,228 | -€6,988 | -28.9% |
| Taxes | 450/3 | €24,216 | €17,228 | -€6,988 | -28.9% |
| Other amounts payable | 47/48 | €38,080 | €8,384 | -€29,696 | -78.0% |
| Accrued charges and deferred income | 492/3 | €326 | - | -€326 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,668 | €6,125 | +€1,457 | +31.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €3,802 | +€3,802 | |
| Other operating charges | 640/8 | €1,528 | €532 | -€996 | -65.2% |
| Gross operating margin | 9900 | €78,767 | €87,156 | +€8,389 | +10.7% |
| Operating profit (loss) | 9901 | €72,571 | €76,697 | +€4,126 | +5.7% |
| Financial income | 75/76B | €13 | €14 | +€1 | +8.8% |
| Recurring financial income | 75 | €13 | €14 | +€1 | +8.8% |
| Financial charges | 65/66B | €499 | €576 | +€77 | +15.5% |
| Recurring financial charges | 65 | €499 | €576 | +€77 | +15.5% |
| Profit (loss) for the period before taxes | 9903 | €72,085 | €76,135 | +€4,050 | +5.6% |
| Income taxes | 67/77 | €16,527 | €25,944 | +€9,416 | +57.0% |
| Profit (loss) for the period | 9904 | €55,557 | €50,191 | -€5,367 | -9.7% |
| Profit (loss) for the period to be appropriated | 9905 | €55,557 | €50,191 | -€5,367 | -9.7% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 11 October 2026 via checked.be.