MIFIMO: 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.
MIFIMO
Largest movements
- Tangible fixed assets -€143,961
down €143,961 (-19.5%), from €739,845 to €595,883
of which Land and buildings: -€141,409
- Receivables within one year -€66,113
down €66,113 (-21.0%), from €314,635 to €248,523
of which Trade receivables: -€68,430
- Stocks and contracts -€63,129
down €63,129 (-97.5%), from €64,734 to €1,605
- Cash +€32,065
up €32,065 (+1093.1%), from €2,934 to €34,999
mainly Net result for the year (+€562,840) and Investment in fixed assets (net) (+€87,428)
- Reserves +€657,365
up €657,365 (+713.1%), from €92,186 to €749,550
of which Tax-exempt reserves: +€657,365
- Debts after one year -€497,072
no longer reported in 2025 (was €497,072)
- Current portion of long-term debt -€148,017
no longer reported in 2025 (was €148,017)
- Trade debts -€121,239
down €121,239 (-40.1%), from €302,275 to €181,036
- Profit (loss) carried forward -€84,306
down €84,306, from €30,678 to -€53,629
- Gross operating margin +€620,644
up €620,644 (+612.4%), from €101,354 to €721,998
- Depreciation +€56,533
new in 2025: €56,533
- Other operating charges -€35,343
down €35,343 (-50.7%), from €69,691 to €34,348
- Financial charges +€21,481
up €21,481 (+38.6%), from €55,648 to €77,129
- Financial income +€8,851
new in 2025: €8,851
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 | €1,184,804 | €947,090 | -€237,714 | -20.1% |
| Fixed assets | 21/28 | €739,845 | €595,883 | -€143,961 | -19.5% |
| Tangible fixed assets | 22/27 | €739,845 | €595,883 | -€143,961 | -19.5% |
| Land and buildings | 22 | €737,293 | €595,883 | -€141,409 | -19.2% |
| Furniture and vehicles | 24 | €2,552 | - | -€2,552 | |
| Current assets | 29/58 | €444,959 | €351,207 | -€93,752 | -21.1% |
| Amounts receivable after more than one year | 29 | €62,637 | €62,637 | = | 0.0% |
| Other amounts receivable | 291 | €62,637 | €62,637 | = | 0.0% |
| Stocks and contracts in progress | 3 | €64,734 | €1,605 | -€63,129 | -97.5% |
| Stocks | 30/36 | €64,734 | €1,605 | -€63,129 | -97.5% |
| Amounts receivable within one year | 40/41 | €314,635 | €248,523 | -€66,113 | -21.0% |
| Trade receivables | 40 | €168,358 | €99,928 | -€68,430 | -40.6% |
| Other amounts receivable | 41 | €146,277 | €148,594 | +€2,317 | +1.6% |
| Cash at bank and in hand | 54/58 | €2,934 | €34,999 | +€32,065 | +1093.1% |
| Deferred charges and accrued income | 490/1 | €20 | €3,444 | +€3,424 | +17291.4% |
| Total equity and liabilities | 10/49 | €1,184,804 | €947,090 | -€237,714 | -20.1% |
| Equity | 10/15 | €184,837 | €757,895 | +€573,058 | +310.0% |
| Contributions | 10/11 | €61,973 | €61,973 | = | 0.0% |
| Capital | 10 | €61,973 | €61,973 | = | 0.0% |
| Issued capital | 100 | €61,973 | €61,973 | = | 0.0% |
| Reserves | 13 | €92,186 | €749,550 | +€657,365 | +713.1% |
| Non-distributable reserves | 130/1 | €6,197 | €6,197 | = | 0.0% |
| Legal reserve | 130 | €6,197 | €6,197 | = | 0.0% |
| Tax-exempt reserves | 132 | - | €657,365 | +€657,365 | |
| Distributable reserves | 133 | €85,988 | €85,988 | = | 0.0% |
| Profit (loss) carried forward | 14 | €30,678 | -€53,629 | -€84,306 | |
| Amounts payable | 17/49 | €999,967 | €189,195 | -€810,772 | -81.1% |
| Amounts payable after more than one year | 17 | €497,072 | - | -€497,072 | |
| Financial debts | 170/4 | €497,072 | - | -€497,072 | |
| Amounts payable within one year | 42/48 | €502,881 | €188,058 | -€314,823 | -62.6% |
| Current portion of amounts payable after more than one year | 42 | €148,017 | - | -€148,017 | |
| Trade debts | 44 | €302,275 | €181,036 | -€121,239 | -40.1% |
| Suppliers | 440/4 | €302,275 | €181,036 | -€121,239 | -40.1% |
| Advances received on contracts in progress | 46 | €600 | €2,600 | +€2,000 | +333.3% |
| Taxes, remuneration and social security | 45 | €29,618 | - | -€29,618 | |
| Taxes | 450/3 | €24,430 | - | -€24,430 | |
| Remuneration and social security | 454/9 | €5,188 | - | -€5,188 | |
| Other amounts payable | 47/48 | €22,371 | €4,422 | -€17,949 | -80.2% |
| Accrued charges and deferred income | 492/3 | €14 | €1,136 | +€1,123 | +8171.0% |
| Remuneration, social security and pensions | 62 | €61 | - | -€61 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €56,533 | +€56,533 | |
| Other operating charges | 640/8 | €69,691 | €34,348 | -€35,343 | -50.7% |
| Non-recurring operating charges | 66A | €12,087 | - | -€12,087 | |
| Gross operating margin | 9900 | €101,354 | €721,998 | +€620,644 | +612.4% |
| Operating profit (loss) | 9901 | €19,516 | €631,118 | +€611,601 | +3133.8% |
| Financial income | 75/76B | - | €8,851 | +€8,851 | |
| Recurring financial income | 75 | - | €8,851 | +€8,851 | |
| Financial charges | 65/66B | €55,648 | €77,129 | +€21,481 | +38.6% |
| Recurring financial charges | 65 | €55,648 | €77,129 | +€21,481 | +38.6% |
| Profit (loss) for the period before taxes | 9903 | -€36,131 | €562,840 | +€598,971 | |
| Profit (loss) for the period | 9904 | -€36,131 | €562,840 | +€598,971 | |
| Transfer to tax-exempt reserves | 689 | - | €657,365 | +€657,365 | |
| Profit (loss) for the period to be appropriated | 9905 | -€36,131 | -€94,525 | -€58,394 | -161.6% |
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 3 October 2026 via checked.be.