MIFRA: 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.
MIFRA
Largest movements
- Tangible fixed assets -€30,605
down €30,605 (-15.3%), from €200,545 to €169,940
- Cash +€5,565
up €5,565 (+61.6%), from €9,031 to €14,596
mainly Depreciation (+€30,605) and Net result for the year (+€5,812)
- Debts after one year -€31,468
down €31,468 (-32.7%), from €96,300 to €64,832
- Profit (loss) carried forward +€5,812
up €5,812 (+4.9%), from -€118,206 to -€112,394
- Gross operating margin +€5,569
up €5,569 (+14.5%), from €38,501 to €44,070
- Financial charges -€650
down €650 (-19.9%), from €3,268 to €2,618
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 | €209,577 | €184,536 | -€25,041 | -11.9% |
| Fixed assets | 21/28 | €200,545 | €169,940 | -€30,605 | -15.3% |
| Tangible fixed assets | 22/27 | €200,545 | €169,940 | -€30,605 | -15.3% |
| Land and buildings | 22 | €200,545 | €169,940 | -€30,605 | -15.3% |
| Current assets | 29/58 | €9,031 | €14,596 | +€5,565 | +61.6% |
| Cash at bank and in hand | 54/58 | €9,031 | €14,596 | +€5,565 | +61.6% |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €209,577 | €184,536 | -€25,041 | -11.9% |
| Equity | 10/15 | -€99,606 | -€93,794 | +€5,812 | +5.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€118,206 | -€112,394 | +€5,812 | +4.9% |
| Amounts payable | 17/49 | €309,182 | €278,330 | -€30,853 | -10.0% |
| Amounts payable after more than one year | 17 | €96,300 | €64,832 | -€31,468 | -32.7% |
| Financial debts | 170/4 | €96,300 | €64,832 | -€31,468 | -32.7% |
| Amounts payable within one year | 42/48 | €212,882 | €213,498 | +€616 | +0.3% |
| Current portion of amounts payable after more than one year | 42 | €30,853 | €31,468 | +€616 | +2.0% |
| Trade debts | 44 | €0 | - | = | |
| Suppliers | 440/4 | €0 | - | = | |
| Other amounts payable | 47/48 | €182,029 | €182,029 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €30,185 | €30,605 | +€420 | +1.4% |
| Other operating charges | 640/8 | €4,897 | €5,050 | +€152 | +3.1% |
| Gross operating margin | 9900 | €38,501 | €44,070 | +€5,569 | +14.5% |
| Operating profit (loss) | 9901 | €3,419 | €8,415 | +€4,996 | +146.1% |
| Financial income | 75/76B | €19 | €15 | -€4 | -22.8% |
| Recurring financial income | 75 | €19 | €15 | -€4 | -22.8% |
| Financial charges | 65/66B | €3,268 | €2,618 | -€650 | -19.9% |
| Recurring financial charges | 65 | €3,268 | €2,618 | -€650 | -19.9% |
| Profit (loss) for the period before taxes | 9903 | €170 | €5,812 | +€5,642 | +3325.7% |
| Profit (loss) for the period | 9904 | €170 | €5,812 | +€5,642 | +3325.7% |
| Profit (loss) for the period to be appropriated | 9905 | €170 | €5,812 | +€5,642 | +3325.7% |
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.