MIFA Consult: 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.
MIFA Consult
Largest movements
- Receivables within one year +€73,881
up €73,881 (+59.4%), from €124,332 to €198,213
of which Trade receivables: +€60,427
- Cash -€39,540
down €39,540 (-68.4%), from €57,791 to €18,250
mainly Receivables within one year (-€73,881) and Investment in fixed assets (net) (-€35,297)
- Tangible fixed assets +€31,694
up €31,694 (+1,013%), from €3,129 to €34,823
of which Furniture and vehicles: +€31,761
- Tax, wage and social debts +€52,629
up €52,629 (+474%), from €11,109 to €63,738
of which Remuneration and social security: +€60,511
- Other debts +€40,070
up €40,070 (+292%), from €13,715 to €53,785
- Profit (loss) carried forward -€27,674
down €27,674 (-243%), from -€11,396 to -€39,070
- Trade debts +€21,356
up €21,356 (+59.1%), from €36,140 to €57,495
- Debts after one year -€20,685
down €20,685 (-17.9%), from €115,713 to €95,028
- Gross operating margin +€188,903
up €188,903 (+168%), from €112,354 to €301,256
- Staff costs +€186,977
up €186,977 (+138%), from €135,897 to €322,874
- Write-downs +€14,081
no longer reported in 2025 (was -€14,081)
- Financial income +€8,613
new in 2025: €8,613
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 | €191,677 | €260,140 | +€68,462 | +35.7% |
| Fixed assets | 21/28 | €3,129 | €36,442 | +€33,313 | +1,065% |
| Intangible fixed assets | 21 | - | €1,619 | +€1,619 | |
| Tangible fixed assets | 22/27 | €3,129 | €34,823 | +€31,694 | +1,013% |
| Plant, machinery and equipment | 23 | €2,275 | €2,208 | -€67 | -2.9% |
| Furniture and vehicles | 24 | €854 | €32,615 | +€31,761 | +3,719% |
| Current assets | 29/58 | €188,549 | €223,698 | +€35,149 | +18.6% |
| Amounts receivable within one year | 40/41 | €124,332 | €198,213 | +€73,881 | +59.4% |
| Trade receivables | 40 | €114,644 | €175,072 | +€60,427 | +52.7% |
| Other amounts receivable | 41 | €9,688 | €23,142 | +€13,454 | +139% |
| Cash at bank and in hand | 54/58 | €57,791 | €18,250 | -€39,540 | -68.4% |
| Deferred charges and accrued income | 490/1 | €6,426 | €7,234 | +€808 | +12.6% |
| Total equity and liabilities | 10/49 | €191,677 | €260,140 | +€68,462 | +35.7% |
| Equity | 10/15 | -€8,396 | -€36,070 | -€27,674 | -330% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€11,396 | -€39,070 | -€27,674 | -243% |
| Amounts payable | 17/49 | €200,073 | €296,210 | +€96,137 | +48.1% |
| Amounts payable after more than one year | 17 | €115,713 | €95,028 | -€20,685 | -17.9% |
| Financial debts | 170/4 | €115,713 | €95,028 | -€20,685 | -17.9% |
| Amounts payable within one year | 42/48 | €84,360 | €201,182 | +€116,822 | +138% |
| Current portion of amounts payable after more than one year | 42 | €23,396 | €26,164 | +€2,768 | +11.8% |
| Trade debts | 44 | €36,140 | €57,495 | +€21,356 | +59.1% |
| Suppliers | 440/4 | €36,140 | €57,495 | +€21,356 | +59.1% |
| Taxes, remuneration and social security | 45 | €11,109 | €63,738 | +€52,629 | +474% |
| Taxes | 450/3 | €7,927 | €44 | -€7,882 | -99.4% |
| Remuneration and social security | 454/9 | €3,182 | €63,694 | +€60,511 | +1,901% |
| Other amounts payable | 47/48 | €13,715 | €53,785 | +€40,070 | +292% |
| Remuneration, social security and pensions | 62 | €135,897 | €322,874 | +€186,977 | +138% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,372 | €1,984 | +€612 | +44.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€14,081 | - | +€14,081 | |
| Other operating charges | 640/8 | €3,532 | €1,897 | -€1,636 | -46.3% |
| Gross operating margin | 9900 | €112,354 | €301,256 | +€188,903 | +168% |
| Operating profit (loss) | 9901 | -€14,367 | -€25,498 | -€11,131 | -77.5% |
| Financial income | 75/76B | - | €8,613 | +€8,613 | |
| Recurring financial income | 75 | - | €8,613 | +€8,613 | |
| Financial charges | 65/66B | €11,510 | €10,298 | -€1,212 | -10.5% |
| Recurring financial charges | 65 | €11,510 | €10,298 | -€1,212 | -10.5% |
| Profit (loss) for the period before taxes | 9903 | -€25,877 | -€27,184 | -€1,306 | -5.0% |
| Income taxes | 67/77 | €389 | €491 | +€102 | +26.3% |
| Profit (loss) for the period | 9904 | -€26,266 | -€27,674 | -€1,408 | -5.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€26,266 | -€27,674 | -€1,408 | -5.4% |
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 15 October 2026 via checked.be.