MICS&MIX: 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.
MICS&MIX
Largest movements
- Cash -€106,801
down €106,801 (-86.1%), from €124,046 to €17,245
mainly Other debts (-€97,570) and Contributions, distributions and other (-€34,978)
- Receivables within one year -€11,903
down €11,903 (-23.4%), from €50,773 to €38,870
of which Trade receivables: -€41,472
- Tangible fixed assets -€10,461
down €10,461 (-27.8%), from €37,602 to €27,141
- Intangible fixed assets -€10,000
down €10,000 (-19.5%), from €51,289 to €41,289
- Other debts -€97,570
down €97,570 (-73.6%), from €132,549 to €34,978
- Reserves -€29,996
down €29,996 (-27.2%), from €110,116 to €80,121
- Accrued charges and deferred income -€5,607
no longer reported in 2025 (was €5,607)
- Debts after one year -€5,102
down €5,102 (-38.7%), from €13,184 to €8,083
- Gross operating margin -€111,888
down €111,888 (-77.3%), from €144,663 to €32,775
- Financial charges -€52,850
down €52,850 (-98.4%), from €53,685 to €835
- Taxes -€11,183
down €11,183 (-70.3%), from €15,899 to €4,716
- Other operating charges -€1,541
down €1,541 (-57.0%), from €2,701 to €1,160
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 | €270,646 | €131,900 | -€138,746 | -51.3% |
| Fixed assets | 21/28 | €88,891 | €68,430 | -€20,461 | -23.0% |
| Intangible fixed assets | 21 | €51,289 | €41,289 | -€10,000 | -19.5% |
| Tangible fixed assets | 22/27 | €37,602 | €27,141 | -€10,461 | -27.8% |
| Furniture and vehicles | 24 | €37,602 | €27,141 | -€10,461 | -27.8% |
| Current assets | 29/58 | €181,755 | €63,470 | -€118,285 | -65.1% |
| Amounts receivable within one year | 40/41 | €50,773 | €38,870 | -€11,903 | -23.4% |
| Trade receivables | 40 | €41,472 | - | -€41,472 | |
| Other amounts receivable | 41 | €9,301 | €38,870 | +€29,569 | +317.9% |
| Cash at bank and in hand | 54/58 | €124,046 | €17,245 | -€106,801 | -86.1% |
| Deferred charges and accrued income | 490/1 | €6,936 | €7,355 | +€419 | +6.0% |
| Total equity and liabilities | 10/49 | €270,646 | €131,900 | -€138,746 | -51.3% |
| Equity | 10/15 | €113,116 | €83,121 | -€29,996 | -26.5% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €110,116 | €80,121 | -€29,996 | -27.2% |
| Distributable reserves | 133 | €110,116 | €80,121 | -€29,996 | -27.2% |
| Amounts payable | 17/49 | €157,529 | €48,779 | -€108,750 | -69.0% |
| Amounts payable after more than one year | 17 | €13,184 | €8,083 | -€5,102 | -38.7% |
| Financial debts | 170/4 | €13,184 | €8,083 | -€5,102 | -38.7% |
| Amounts payable within one year | 42/48 | €138,738 | €40,696 | -€98,041 | -70.7% |
| Current portion of amounts payable after more than one year | 42 | €4,883 | €5,102 | +€218 | +4.5% |
| Trade debts | 44 | €1,306 | €617 | -€689 | -52.8% |
| Suppliers | 440/4 | €1,306 | €617 | -€689 | -52.8% |
| Other amounts payable | 47/48 | €132,549 | €34,978 | -€97,570 | -73.6% |
| Accrued charges and deferred income | 492/3 | €5,607 | - | -€5,607 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,791 | €21,460 | -€331 | -1.5% |
| Other operating charges | 640/8 | €2,701 | €1,160 | -€1,541 | -57.0% |
| Gross operating margin | 9900 | €144,663 | €32,775 | -€111,888 | -77.3% |
| Operating profit (loss) | 9901 | €120,171 | €10,155 | -€110,016 | -91.5% |
| Financial income | 75/76B | - | €378 | +€378 | |
| Recurring financial income | 75 | - | €378 | +€378 | |
| Financial charges | 65/66B | €53,685 | €835 | -€52,850 | -98.4% |
| Recurring financial charges | 65 | €53,685 | €835 | -€52,850 | -98.4% |
| Profit (loss) for the period before taxes | 9903 | €66,486 | €9,699 | -€56,787 | -85.4% |
| Income taxes | 67/77 | €15,899 | €4,716 | -€11,183 | -70.3% |
| Profit (loss) for the period | 9904 | €50,587 | €4,982 | -€45,604 | -90.2% |
| Profit (loss) for the period to be appropriated | 9905 | €50,587 | €4,982 | -€45,604 | -90.2% |
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 5 October 2026 via checked.be.