MIFER-TECH: 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.
MIFER-TECH
Largest movements
- Cash +€30,377
up €30,377 (+40.5%), from €75,082 to €105,459
mainly Net result for the year (+€34,528) and Depreciation (+€18,132)
- Intangible fixed assets -€17,311
down €17,311 (-39.4%), from €43,900 to €26,589
- Other debts +€10,701
up €10,701 (+36.2%), from €29,564 to €40,265
- Trade debts +€3,829
up €3,829 (+105%), from €3,646 to €7,475
- Reserves -€2,120
down €2,120 (-2.4%), from €86,655 to €84,535
- Gross operating margin +€3,273
up €3,273 (+5.2%), from €62,632 to €65,905
- Taxes +€1,200
up €1,200 (+10.0%), from €11,947 to €13,147
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 | €151,211 | €164,388 | +€13,177 | +8.7% |
| Fixed assets | 21/28 | €44,661 | €27,750 | -€16,911 | -37.9% |
| Intangible fixed assets | 21 | €43,900 | €26,589 | -€17,311 | -39.4% |
| Tangible fixed assets | 22/27 | €761 | €1,161 | +€400 | +52.6% |
| Plant, machinery and equipment | 23 | €300 | €126 | -€174 | -58.0% |
| Furniture and vehicles | 24 | €461 | €1,035 | +€574 | +125% |
| Current assets | 29/58 | €106,550 | €136,638 | +€30,088 | +28.2% |
| Amounts receivable within one year | 40/41 | €29,880 | €31,131 | +€1,251 | +4.2% |
| Trade receivables | 40 | €27,975 | €31,131 | +€3,156 | +11.3% |
| Other amounts receivable | 41 | €1,905 | €0 | -€1,905 | -100% |
| Cash at bank and in hand | 54/58 | €75,082 | €105,459 | +€30,377 | +40.5% |
| Deferred charges and accrued income | 490/1 | €1,588 | €48 | -€1,540 | -97.0% |
| Total equity and liabilities | 10/49 | €151,211 | €164,388 | +€13,177 | +8.7% |
| Equity | 10/15 | €105,255 | €103,135 | -€2,120 | -2.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €86,655 | €84,535 | -€2,120 | -2.4% |
| Distributable reserves | 133 | €86,655 | €84,535 | -€2,120 | -2.4% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €45,956 | €61,253 | +€15,297 | +33.3% |
| Amounts payable within one year | 42/48 | €45,876 | €61,173 | +€15,297 | +33.3% |
| Trade debts | 44 | €3,646 | €7,475 | +€3,829 | +105% |
| Suppliers | 440/4 | €3,646 | €7,475 | +€3,829 | +105% |
| Taxes, remuneration and social security | 45 | €12,666 | €13,433 | +€767 | +6.1% |
| Taxes | 450/3 | €12,666 | €13,433 | +€767 | +6.1% |
| Other amounts payable | 47/48 | €29,564 | €40,265 | +€10,701 | +36.2% |
| Accrued charges and deferred income | 492/3 | €80 | €80 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,480 | €18,132 | -€348 | -1.9% |
| Gross operating margin | 9900 | €62,632 | €65,905 | +€3,273 | +5.2% |
| Operating profit (loss) | 9901 | €44,152 | €47,773 | +€3,621 | +8.2% |
| Financial charges | 65/66B | €98 | €98 | = | 0.0% |
| Recurring financial charges | 65 | €98 | €98 | = | 0.0% |
| Profit (loss) for the period before taxes | 9903 | €44,054 | €47,675 | +€3,621 | +8.2% |
| Income taxes | 67/77 | €11,947 | €13,147 | +€1,200 | +10.0% |
| Profit (loss) for the period | 9904 | €32,107 | €34,528 | +€2,421 | +7.5% |
| Profit (loss) for the period to be appropriated | 9905 | €32,107 | €34,528 | +€2,421 | +7.5% |
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 17 October 2026 via checked.be.