Mig Concept: 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.
Mig Concept
Largest movements
- Tangible fixed assets -€5,138
down €5,138 (-3.6%), from €142,921 to €137,783
of which Land and buildings: -€4,783
- Debts after one year -€8,837
down €8,837 (-6.8%), from €130,078 to €121,242
- Other debts +€2,419
up €2,419 (+4.7%), from €51,935 to €54,353
- Gross operating margin -€1,366
down €1,366 (-10.9%), from €12,592 to €11,226
- Depreciation -€185
down €185 (-3.5%), from €5,323 to €5,138
- Financial charges -€127
down €127 (-2.8%), from €4,588 to €4,461
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 | €143,229 | €138,060 | -€5,169 | -3.6% |
| Fixed assets | 21/28 | €143,091 | €137,953 | -€5,138 | -3.6% |
| Tangible fixed assets | 22/27 | €142,921 | €137,783 | -€5,138 | -3.6% |
| Land and buildings | 22 | €140,830 | €136,047 | -€4,783 | -3.4% |
| Plant, machinery and equipment | 23 | €2,063 | €1,736 | -€327 | -15.8% |
| Furniture and vehicles | 24 | €28 | €0 | -€28 | -100.0% |
| Financial fixed assets | 28 | €170 | €170 | = | 0.0% |
| Current assets | 29/58 | €138 | €106 | -€31 | -22.8% |
| Amounts receivable within one year | 40/41 | €106 | €106 | = | 0.0% |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | €106 | €106 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €31 | - | -€31 | |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €143,229 | €138,060 | -€5,169 | -3.6% |
| Equity | 10/15 | -€81,507 | -€80,722 | +€786 | +1.0% |
| Contributions | 10/11 | €18,500 | €18,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€100,007 | -€99,222 | +€786 | +0.8% |
| Amounts payable | 17/49 | €224,736 | €218,781 | -€5,955 | -2.6% |
| Amounts payable after more than one year | 17 | €130,078 | €121,242 | -€8,837 | -6.8% |
| Financial debts | 170/4 | €130,078 | €121,242 | -€8,837 | -6.8% |
| Amounts payable within one year | 42/48 | €94,658 | €97,540 | +€2,882 | +3.0% |
| Current portion of amounts payable after more than one year | 42 | €9,012 | €9,012 | = | 0.0% |
| Financial debts | 43 | €4,924 | €5,000 | +€76 | +1.5% |
| Credit institutions | 430/8 | €4,924 | €5,000 | +€76 | +1.5% |
| Trade debts | 44 | €28,787 | €29,175 | +€387 | +1.3% |
| Suppliers | 440/4 | €28,787 | €29,175 | +€387 | +1.3% |
| Advances received on contracts in progress | 46 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €0 | - | = | |
| Taxes | 450/3 | €0 | - | = | |
| Other amounts payable | 47/48 | €51,935 | €54,353 | +€2,419 | +4.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,323 | €5,138 | -€185 | -3.5% |
| Other operating charges | 640/8 | €930 | €842 | -€89 | -9.5% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €12,592 | €11,226 | -€1,366 | -10.9% |
| Operating profit (loss) | 9901 | €6,339 | €5,247 | -€1,093 | -17.2% |
| Financial income | 75/76B | €1 | - | -€1 | |
| Recurring financial income | 75 | €1 | - | -€1 | |
| Financial charges | 65/66B | €4,588 | €4,461 | -€127 | -2.8% |
| Recurring financial charges | 65 | €4,588 | €4,461 | -€127 | -2.8% |
| Profit (loss) for the period before taxes | 9903 | €1,752 | €786 | -€967 | -55.2% |
| Profit (loss) for the period | 9904 | €1,752 | €786 | -€967 | -55.2% |
| Profit (loss) for the period to be appropriated | 9905 | €1,752 | €786 | -€967 | -55.2% |
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 7 October 2026 via checked.be.