MIG DP: 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 DP
Largest movements
- Stocks and contracts +€488,857
up €488,857 (+150.3%), from €325,290 to €814,147
- Receivables within one year -€119,180
down €119,180 (-19.0%), from €627,948 to €508,768
of which Trade receivables: -€150,323
- Cash +€100,681
up €100,681 (+611.5%), from €16,464 to €117,145
mainly Tax, wage and social debts (+€162,359) and Net result for the year (+€146,701)
- Tax, wage and social debts +€162,359
up €162,359 (+163.4%), from €99,357 to €261,717
of which Taxes: +€153,677
- Profit (loss) carried forward +€146,701
up €146,701, from -€17,819 to €128,883
- Short-term financial debts +€125,018
up €125,018 (+67.6%), from €184,982 to €310,000
- Debts after one year -€43,971
down €43,971 (-28.1%), from €156,450 to €112,479
- Trade debts +€41,164
up €41,164 (+14.0%), from €293,996 to €335,160
- Gross operating margin +€106,647
up €106,647 (+23.8%), from €447,537 to €554,183
- Staff costs -€105,521
down €105,521 (-28.3%), from €372,523 to €267,002
- Taxes +€56,069
up €56,069 (+388.3%), from €14,440 to €70,509
- Other operating charges -€15,802
down €15,802 (-64.9%), from €24,337 to €8,535
- Financial charges +€10,847
up €10,847 (+37.1%), from €29,200 to €40,047
of which Non-recurring financial charges: +€11,677
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,111,834 | €1,555,689 | +€443,855 | +39.9% |
| Fixed assets | 21/28 | €139,848 | €114,034 | -€25,813 | -18.5% |
| Intangible fixed assets | 21 | €12,602 | €6,936 | -€5,666 | -45.0% |
| Tangible fixed assets | 22/27 | €112,795 | €101,046 | -€11,748 | -10.4% |
| Land and buildings | 22 | €90,000 | €82,281 | -€7,719 | -8.6% |
| Plant, machinery and equipment | 23 | €2,630 | €2,321 | -€309 | -11.7% |
| Furniture and vehicles | 24 | €12,939 | €9,219 | -€3,720 | -28.7% |
| Other tangible fixed assets | 26 | €7,226 | €7,226 | = | 0.0% |
| Financial fixed assets | 28 | €14,451 | €6,052 | -€8,399 | -58.1% |
| Current assets | 29/58 | €971,986 | €1,441,655 | +€469,669 | +48.3% |
| Stocks and contracts in progress | 3 | €325,290 | €814,147 | +€488,857 | +150.3% |
| Stocks | 30/36 | €325,290 | €814,147 | +€488,857 | +150.3% |
| Amounts receivable within one year | 40/41 | €627,948 | €508,768 | -€119,180 | -19.0% |
| Trade receivables | 40 | €527,042 | €376,719 | -€150,323 | -28.5% |
| Other amounts receivable | 41 | €100,906 | €132,049 | +€31,143 | +30.9% |
| Cash at bank and in hand | 54/58 | €16,464 | €117,145 | +€100,681 | +611.5% |
| Deferred charges and accrued income | 490/1 | €2,284 | €1,595 | -€689 | -30.2% |
| Total equity and liabilities | 10/49 | €1,111,834 | €1,555,689 | +€443,855 | +39.9% |
| Equity | 10/15 | €273,960 | €420,001 | +€146,042 | +53.3% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €276,125 | €276,125 | = | 0.0% |
| Non-distributable reserves | 130/1 | €26,015 | €26,015 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Other | 1319 | €24,155 | €24,155 | = | 0.0% |
| Distributable reserves | 133 | €250,110 | €250,110 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€17,819 | €128,883 | +€146,701 | |
| Investment grants | 15 | €9,453 | €8,794 | -€660 | -7.0% |
| Amounts payable | 17/49 | €837,874 | €1,135,688 | +€297,813 | +35.5% |
| Amounts payable after more than one year | 17 | €156,450 | €112,479 | -€43,971 | -28.1% |
| Financial debts | 170/4 | €156,450 | €112,479 | -€43,971 | -28.1% |
| Amounts payable within one year | 42/48 | €679,804 | €1,019,751 | +€339,946 | +50.0% |
| Current portion of amounts payable after more than one year | 42 | €39,968 | €51,372 | +€11,405 | +28.5% |
| Financial debts | 43 | €184,982 | €310,000 | +€125,018 | +67.6% |
| Credit institutions | 430/8 | €184,982 | €310,000 | +€125,018 | +67.6% |
| Trade debts | 44 | €293,996 | €335,160 | +€41,164 | +14.0% |
| Suppliers | 440/4 | €293,996 | €335,160 | +€41,164 | +14.0% |
| Advances received on contracts in progress | 46 | €818 | €818 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €99,357 | €261,717 | +€162,359 | +163.4% |
| Taxes | 450/3 | €57,083 | €210,760 | +€153,677 | +269.2% |
| Remuneration and social security | 454/9 | €42,274 | €50,957 | +€8,683 | +20.5% |
| Other amounts payable | 47/48 | €60,684 | €60,684 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €1,620 | €3,458 | +€1,839 | +113.5% |
| Remuneration, social security and pensions | 62 | €372,523 | €267,002 | -€105,521 | -28.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,325 | €22,181 | -€144 | -0.6% |
| Other operating charges | 640/8 | €24,337 | €8,535 | -€15,802 | -64.9% |
| Gross operating margin | 9900 | €447,537 | €554,183 | +€106,647 | +23.8% |
| Operating profit (loss) | 9901 | €28,352 | €256,466 | +€228,114 | +804.6% |
| Financial income | 75/76B | €4,721 | €792 | -€3,929 | -83.2% |
| Recurring financial income | 75 | €4,721 | €792 | -€3,929 | -83.2% |
| Financial charges | 65/66B | €29,200 | €40,047 | +€10,847 | +37.1% |
| Recurring financial charges | 65 | €29,200 | €28,370 | -€830 | -2.8% |
| Non-recurring financial charges | 66B | - | €11,677 | +€11,677 | |
| Profit (loss) for the period before taxes | 9903 | €3,873 | €217,211 | +€213,338 | +5508.7% |
| Income taxes | 67/77 | €14,440 | €70,509 | +€56,069 | +388.3% |
| Profit (loss) for the period | 9904 | -€10,567 | €146,701 | +€157,269 | |
| Profit (loss) for the period to be appropriated | 9905 | -€10,567 | €146,701 | +€157,269 |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.