MIG Automation: 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.
MIG Automation
Largest movements
- Receivables within one year +€69,513
up €69,513 (+136%), from €51,167 to €120,680
of which Trade receivables: +€68,840
- Cash -€9,040
down €9,040 (-20.3%), from €44,534 to €35,494
mainly Receivables within one year (-€69,513) and Investment in fixed assets (net) (-€1,753)
- Tangible fixed assets -€1,703
down €1,703 (-50.4%), from €3,378 to €1,675
- Trade debts +€50,232
up €50,232 (+183%), from €27,387 to €77,619
- Profit (loss) carried forward +€7,896
up €7,896 (+12.8%), from €61,546 to €69,442
- Gross operating margin -€11,797
down €11,797 (-51.2%), from €23,021 to €11,224
- Taxes -€3,713
down €3,713 (-65.3%), from €5,685 to €1,973
- Financial charges -€1,223
down €1,223 (-856%), from -€143 to -€1,366
- Depreciation +€859
up €859 (+51.5%), from €1,667 to €2,526
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 | €102,004 | €162,607 | +€60,603 | +59.4% |
| Fixed assets | 21/28 | €6,065 | €5,291 | -€773 | -12.8% |
| Intangible fixed assets | 21 | €2,687 | €3,617 | +€930 | +34.6% |
| Tangible fixed assets | 22/27 | €3,378 | €1,675 | -€1,703 | -50.4% |
| Leasing and similar rights | 25 | €3,378 | €1,675 | -€1,703 | -50.4% |
| Current assets | 29/58 | €95,939 | €157,316 | +€61,377 | +64.0% |
| Amounts receivable within one year | 40/41 | €51,167 | €120,680 | +€69,513 | +136% |
| Trade receivables | 40 | €50,837 | €119,678 | +€68,840 | +135% |
| Other amounts receivable | 41 | €330 | €1,003 | +€672 | +204% |
| Cash at bank and in hand | 54/58 | €44,534 | €35,494 | -€9,040 | -20.3% |
| Deferred charges and accrued income | 490/1 | €238 | €1,142 | +€904 | +380% |
| Total equity and liabilities | 10/49 | €102,004 | €162,607 | +€60,603 | +59.4% |
| Equity | 10/15 | €63,546 | €71,442 | +€7,896 | +12.4% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €61,546 | €69,442 | +€7,896 | +12.8% |
| Amounts payable | 17/49 | €38,458 | €91,166 | +€52,707 | +137% |
| Amounts payable within one year | 42/48 | €38,458 | €90,166 | +€51,707 | +134% |
| Trade debts | 44 | €27,387 | €77,619 | +€50,232 | +183% |
| Suppliers | 440/4 | €27,387 | €77,619 | +€50,232 | +183% |
| Taxes, remuneration and social security | 45 | €11,072 | €12,521 | +€1,450 | +13.1% |
| Taxes | 450/3 | €11,072 | €12,521 | +€1,450 | +13.1% |
| Other amounts payable | 47/48 | - | €25 | +€25 | |
| Accrued charges and deferred income | 492/3 | - | €1,000 | +€1,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,667 | €2,526 | +€859 | +51.5% |
| Other operating charges | 640/8 | €193 | €195 | +€2 | +1.0% |
| Gross operating margin | 9900 | €23,021 | €11,224 | -€11,797 | -51.2% |
| Operating profit (loss) | 9901 | €21,161 | €8,503 | -€12,658 | -59.8% |
| Financial income | 75/76B | €25 | - | -€25 | |
| Recurring financial income | 75 | €25 | - | -€25 | |
| Financial charges | 65/66B | -€143 | -€1,366 | -€1,223 | -856% |
| Recurring financial charges | 65 | -€143 | -€1,366 | -€1,223 | -856% |
| Profit (loss) for the period before taxes | 9903 | €21,329 | €9,869 | -€11,460 | -53.7% |
| Income taxes | 67/77 | €5,685 | €1,973 | -€3,713 | -65.3% |
| Profit (loss) for the period | 9904 | €15,643 | €7,896 | -€7,747 | -49.5% |
| Profit (loss) for the period to be appropriated | 9905 | €15,643 | €7,896 | -€7,747 | -49.5% |
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 14 October 2026 via checked.be.