MIGHTY: 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.
MIGHTY
Largest movements
- Cash -€6,911
down €6,911 (-5.3%), from €130,780 to €123,869
mainly Contributions, distributions and other (-€78,143) and Trade debts (-€15,674)
- Trade debts -€15,674
down €15,674 (-81.2%), from €19,306 to €3,632
- Other debts +€12,127
up €12,127 (+17.8%), from €68,025 to €80,152
- Advances received -€5,324
down €5,324 (-100.0%), from €5,324 to €0
- Tax, wage and social debts +€3,238
up €3,238 (+17.7%), from €18,316 to €21,554
of which Taxes: +€3,231
- Gross operating margin +€14,381
up €14,381 (+16.8%), from €85,411 to €99,793
- Financial income -€5,125
down €5,125 (-91.6%), from €5,596 to €471
- Financial charges -€3,434
down €3,434, from €3,377 to -€57
- Taxes +€2,102
up €2,102 (+11.1%), from €18,931 to €21,032
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 | €216,786 | €211,227 | -€5,559 | -2.6% |
| Fixed assets | 21/28 | €1,348 | €2,473 | +€1,126 | +83.5% |
| Tangible fixed assets | 22/27 | €1,348 | €2,473 | +€1,126 | +83.5% |
| Furniture and vehicles | 24 | €1,348 | €2,473 | +€1,126 | +83.5% |
| Current assets | 29/58 | €215,438 | €208,753 | -€6,685 | -3.1% |
| Amounts receivable within one year | 40/41 | €33,042 | €33,613 | +€571 | +1.7% |
| Trade receivables | 40 | €31,400 | €33,613 | +€2,213 | +7.0% |
| Other amounts receivable | 41 | €1,642 | €0 | -€1,642 | -100.0% |
| Current investments | 50/53 | €50,442 | €51,088 | +€646 | +1.3% |
| Cash at bank and in hand | 54/58 | €130,780 | €123,869 | -€6,911 | -5.3% |
| Deferred charges and accrued income | 490/1 | €1,174 | €183 | -€991 | -84.4% |
| Total equity and liabilities | 10/49 | €216,786 | €211,227 | -€5,559 | -2.6% |
| Equity | 10/15 | €105,600 | €105,600 | = | 0.0% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €103,600 | €103,600 | = | 0.0% |
| Distributable reserves | 133 | €103,600 | €103,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €111,186 | €105,627 | -€5,559 | -5.0% |
| Amounts payable within one year | 42/48 | €110,971 | €105,338 | -€5,633 | -5.1% |
| Trade debts | 44 | €19,306 | €3,632 | -€15,674 | -81.2% |
| Suppliers | 440/4 | €19,306 | €3,632 | -€15,674 | -81.2% |
| Advances received on contracts in progress | 46 | €5,324 | €0 | -€5,324 | -100.0% |
| Taxes, remuneration and social security | 45 | €18,316 | €21,554 | +€3,238 | +17.7% |
| Taxes | 450/3 | €15,983 | €19,215 | +€3,231 | +20.2% |
| Remuneration and social security | 454/9 | €2,333 | €2,340 | +€7 | +0.3% |
| Other amounts payable | 47/48 | €68,025 | €80,152 | +€12,127 | +17.8% |
| Accrued charges and deferred income | 492/3 | €215 | €289 | +€74 | +34.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €452 | €845 | +€393 | +86.9% |
| Other operating charges | 640/8 | €250 | €301 | +€51 | +20.6% |
| Gross operating margin | 9900 | €85,411 | €99,793 | +€14,381 | +16.8% |
| Operating profit (loss) | 9901 | €84,710 | €98,647 | +€13,937 | +16.5% |
| Financial income | 75/76B | €5,596 | €471 | -€5,125 | -91.6% |
| Recurring financial income | 75 | €5,596 | €471 | -€5,125 | -91.6% |
| Financial charges | 65/66B | €3,377 | -€57 | -€3,434 | |
| Recurring financial charges | 65 | €3,377 | -€57 | -€3,434 | |
| Profit (loss) for the period before taxes | 9903 | €86,929 | €99,175 | +€12,246 | +14.1% |
| Income taxes | 67/77 | €18,931 | €21,032 | +€2,102 | +11.1% |
| Profit (loss) for the period | 9904 | €67,999 | €78,143 | +€10,144 | +14.9% |
| Profit (loss) for the period to be appropriated | 9905 | €67,999 | €78,143 | +€10,144 | +14.9% |
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 4 October 2026 via checked.be.