MIG-WASH: what changed
What changed
MIG-WASH
NACE 96.102, Launderettes and laundries for private customers
filed annual accounts (NBB)
Net result for the year
-€132,241
2024 · €103,531-€235,771
Equity
€276,182
2024 · €408,423-€132,241
Cash
€2,220
2024 · €22,737-€20,516
Balance sheet total
€1.4m
2024 · €1.2m+€260,460
Largest movements
Assets
- Tangible fixed assets +€165,362
up €165,362 (+25.9%), from €639,134 to €804,496
of which Plant, machinery and equipment: +€178,838
- Intangible fixed assets +€90,890
up €90,890 (+280%), from €32,442 to €123,332
- Receivables within one year +€21,314
up €21,314 (+5.1%), from €421,666 to €442,980
of which Trade receivables: +€25,482
- Cash -€20,516
down €20,516 (-90.2%), from €22,737 to €2,220
mainly Investment in fixed assets (net) (-€373,757) and Net result for the year (-€132,241)
- Deferred charges and accrued income +€18,410
up €18,410 (+166%), from €11,082 to €29,493
Equity and liabilities
- Profit (loss) carried forward -€257,385
no longer reported in 2025 (was €257,385)
- Trade debts +€177,212
up €177,212 (+823%), from €21,545 to €198,757
- Other debts +€154,439
up €154,439 (+47,989%), from €322 to €154,761
- Reserves +€125,144
up €125,144 (+147%), from €85,002 to €210,146
- Debts after one year +€114,228
up €114,228 (+35.4%), from €322,416 to €436,644
Income statement
- Gross operating margin -€216,237
down €216,237 (-17.0%), from €1.3m to €1.1m
- Taxes -€46,353
down €46,353 (-99.6%), from €46,528 to €175
- Staff costs +€46,295
up €46,295 (+4.7%), from €978,297 to €1.0m
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€103,531
Gross operating margin
-€216,237
Staff costs
-€46,295
Depreciation
-€9,978
Other operating charges
-€2,667
Financial income
-€431
Financial charges
-€6,516
Taxes
+€46,353
Result 2025
-€132,241
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€221,037
Investment
-€373,757
Financing
+€132,205
Cash 2024
€22,737
From operations (derived)
+€221,037
Net result for the year
-€132,241
Depreciation
+€117,506
Stocks and contracts
+€15,000
Receivables within one year
-€21,314
Deferred charges and accrued income
-€18,410
Trade debts
+€177,212
Tax, wage and social debts
-€76,050
Other debts
+€154,439
Accrued charges and deferred income
+€4,894
Investment (derived)
-€373,757
Investment in fixed assets (net)
-€373,757
Financing
+€132,205
Debts after one year
+€114,228
Current portion of long-term debt
+€30,406
Short-term financial debts
-€12,430
Cash 2025
€2,220
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,163,221 | €1,423,680 | +€260,460 | +22.4% |
| Fixed assets | 21/28 | €677,736 | €933,988 | +€256,252 | +37.8% |
| Intangible fixed assets | 21 | €32,442 | €123,332 | +€90,890 | +280% |
| Tangible fixed assets | 22/27 | €639,134 | €804,496 | +€165,362 | +25.9% |
| Land and buildings | 22 | €528,592 | €520,852 | -€7,740 | -1.5% |
| Plant, machinery and equipment | 23 | €90,936 | €269,775 | +€178,838 | +197% |
| Furniture and vehicles | 24 | €19,606 | €13,870 | -€5,736 | -29.3% |
| Financial fixed assets | 28 | €6,160 | €6,160 | = | 0.0% |
| Current assets | 29/58 | €485,485 | €489,693 | +€4,208 | +0.9% |
| Stocks and contracts in progress | 3 | €30,000 | €15,000 | -€15,000 | -50.0% |
| Stocks | 30/36 | €30,000 | €15,000 | -€15,000 | -50.0% |
| Amounts receivable within one year | 40/41 | €421,666 | €442,980 | +€21,314 | +5.1% |
| Trade receivables | 40 | €417,375 | €442,856 | +€25,482 | +6.1% |
| Other amounts receivable | 41 | €4,291 | €124 | -€4,167 | -97.1% |
| Cash at bank and in hand | 54/58 | €22,737 | €2,220 | -€20,516 | -90.2% |
| Deferred charges and accrued income | 490/1 | €11,082 | €29,493 | +€18,410 | +166% |
| Total equity and liabilities | 10/49 | €1,163,221 | €1,423,680 | +€260,460 | +22.4% |
| Equity | 10/15 | €408,423 | €276,182 | -€132,241 | -32.4% |
| Contributions | 10/11 | €66,036 | €66,036 | = | 0.0% |
| Reserves | 13 | €85,002 | €210,146 | +€125,144 | +147% |
| Distributable reserves | 133 | €85,002 | €210,146 | +€125,144 | +147% |
| Profit (loss) carried forward | 14 | €257,385 | - | -€257,385 | |
| Amounts payable | 17/49 | €754,798 | €1,147,498 | +€392,701 | +52.0% |
| Amounts payable after more than one year | 17 | €322,416 | €436,644 | +€114,228 | +35.4% |
| Financial debts | 170/4 | €322,416 | €436,644 | +€114,228 | +35.4% |
| Amounts payable within one year | 42/48 | €427,433 | €701,011 | +€273,578 | +64.0% |
| Current portion of amounts payable after more than one year | 42 | €77,777 | €108,183 | +€30,406 | +39.1% |
| Financial debts | 43 | €12,430 | - | -€12,430 | |
| Credit institutions | 430/8 | €12,430 | - | -€12,430 | |
| Trade debts | 44 | €21,545 | €198,757 | +€177,212 | +823% |
| Suppliers | 440/4 | €21,545 | €198,757 | +€177,212 | +823% |
| Taxes, remuneration and social security | 45 | €315,359 | €239,310 | -€76,050 | -24.1% |
| Taxes | 450/3 | €128,520 | €40,339 | -€88,181 | -68.6% |
| Remuneration and social security | 454/9 | €186,840 | €198,971 | +€12,131 | +6.5% |
| Other amounts payable | 47/48 | €322 | €154,761 | +€154,439 | +47,989% |
| Accrued charges and deferred income | 492/3 | €4,949 | €9,843 | +€4,894 | +98.9% |
| Remuneration, social security and pensions | 62 | €978,297 | €1,024,592 | +€46,295 | +4.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €107,527 | €117,506 | +€9,978 | +9.3% |
| Other operating charges | 640/8 | €18,587 | €21,254 | +€2,667 | +14.3% |
| Gross operating margin | 9900 | €1,273,186 | €1,056,949 | -€216,237 | -17.0% |
| Operating profit (loss) | 9901 | €168,775 | -€106,402 | -€275,177 | |
| Financial income | 75/76B | €835 | €403 | -€431 | -51.7% |
| Recurring financial income | 75 | €835 | €403 | -€431 | -51.7% |
| Financial charges | 65/66B | €19,551 | €26,067 | +€6,516 | +33.3% |
| Recurring financial charges | 65 | €19,551 | €26,067 | +€6,516 | +33.3% |
| Profit (loss) for the period before taxes | 9903 | €150,058 | -€132,065 | -€282,124 | |
| Income taxes | 67/77 | €46,528 | €175 | -€46,353 | -99.6% |
| Profit (loss) for the period | 9904 | €103,531 | -€132,241 | -€235,771 | |
| Profit (loss) for the period to be appropriated | 9905 | €103,531 | -€132,241 | -€235,771 |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 1 November 2026 via checked.be.