MIGE SILVA CLEAN: 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.
MIGE SILVA CLEAN
Largest movements
- Receivables within one year +€24,657
up €24,657 (+18.4%), from €133,981 to €158,638
of which Trade receivables: +€25,535
- Cash +€6,510
up €6,510 (+130%), from €4,990 to €11,500
mainly Trade debts (+€11,168) and Tax, wage and social debts (+€10,735)
- Trade debts +€11,168
up €11,168 (+12.4%), from €89,787 to €100,955
- Tax, wage and social debts +€10,735
up €10,735 (+57.9%), from €18,532 to €29,267
of which Remuneration and social security: +€9,119
- Profit (loss) carried forward +€8,007
up €8,007 (+18.1%), from €44,300 to €52,307
- Staff costs +€55,306
up €55,306 (+1,948%), from €2,839 to €58,145
- Gross operating margin +€24,950
up €24,950 (+45.8%), from €54,426 to €79,376
- Taxes -€5,866
down €5,866 (-48.1%), from €12,191 to €6,325
- Depreciation +€1,896
up €1,896 (+85.7%), from €2,212 to €4,108
- Other operating charges +€1,164
up €1,164 (+66.6%), from €1,747 to €2,911
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 | €155,811 | €186,593 | +€30,782 | +19.8% |
| Fixed assets | 21/28 | €14,946 | €14,006 | -€940 | -6.3% |
| Tangible fixed assets | 22/27 | €12,341 | €11,401 | -€940 | -7.6% |
| Plant, machinery and equipment | 23 | - | €1,217 | +€1,217 | |
| Furniture and vehicles | 24 | €12,341 | €10,184 | -€2,157 | -17.5% |
| Financial fixed assets | 28 | €2,605 | €2,605 | = | 0.0% |
| Current assets | 29/58 | €140,865 | €172,588 | +€31,722 | +22.5% |
| Amounts receivable within one year | 40/41 | €133,981 | €158,638 | +€24,657 | +18.4% |
| Trade receivables | 40 | €103,622 | €129,157 | +€25,535 | +24.6% |
| Other amounts receivable | 41 | €30,360 | €29,481 | -€878 | -2.9% |
| Cash at bank and in hand | 54/58 | €4,990 | €11,500 | +€6,510 | +130% |
| Deferred charges and accrued income | 490/1 | €1,894 | €2,449 | +€555 | +29.3% |
| Total equity and liabilities | 10/49 | €155,811 | €186,593 | +€30,782 | +19.8% |
| Equity | 10/15 | €47,300 | €55,307 | +€8,007 | +16.9% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €44,300 | €52,307 | +€8,007 | +18.1% |
| Amounts payable | 17/49 | €108,511 | €131,286 | +€22,775 | +21.0% |
| Amounts payable within one year | 42/48 | €108,511 | €131,136 | +€22,625 | +20.9% |
| Trade debts | 44 | €89,787 | €100,955 | +€11,168 | +12.4% |
| Suppliers | 440/4 | €89,787 | €100,955 | +€11,168 | +12.4% |
| Taxes, remuneration and social security | 45 | €18,532 | €29,267 | +€10,735 | +57.9% |
| Taxes | 450/3 | €16,722 | €18,339 | +€1,616 | +9.7% |
| Remuneration and social security | 454/9 | €1,809 | €10,928 | +€9,119 | +504% |
| Other amounts payable | 47/48 | €192 | €914 | +€722 | +376% |
| Accrued charges and deferred income | 492/3 | - | €150 | +€150 | |
| Non-recurring operating income | 76A | €223 | €259 | +€36 | +16.4% |
| Remuneration, social security and pensions | 62 | €2,839 | €58,145 | +€55,306 | +1,948% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,212 | €4,108 | +€1,896 | +85.7% |
| Other operating charges | 640/8 | €1,747 | €2,911 | +€1,164 | +66.6% |
| Non-recurring operating charges | 66A | €259 | €189 | -€70 | -27.1% |
| Gross operating margin | 9900 | €54,426 | €79,376 | +€24,950 | +45.8% |
| Operating profit (loss) | 9901 | €47,369 | €14,024 | -€33,345 | -70.4% |
| Financial income | 75/76B | €1,815 | €1,565 | -€250 | -13.8% |
| Recurring financial income | 75 | €1,815 | €1,565 | -€250 | -13.8% |
| Financial charges | 65/66B | €981 | €424 | -€557 | -56.8% |
| Recurring financial charges | 65 | €981 | €424 | -€557 | -56.8% |
| Profit (loss) for the period before taxes | 9903 | €48,203 | €15,165 | -€33,038 | -68.5% |
| Income taxes | 67/77 | €12,191 | €6,325 | -€5,866 | -48.1% |
| Profit (loss) for the period | 9904 | €36,012 | €8,840 | -€27,172 | -75.5% |
| Profit (loss) for the period to be appropriated | 9905 | €36,012 | €8,840 | -€27,172 | -75.5% |
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 17 October 2026 via checked.be.