MiGi Heli Services: 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.
MiGi Heli Services
Largest movements
- Tangible fixed assets -€70,875
down €70,875 (-48.1%), from €147,235 to €76,360
- Cash +€22,902
up €22,902 (+61.4%), from €37,291 to €60,192
mainly Depreciation (+€70,875) and Receivables within one year (+€6,136)
- Receivables within one year -€6,136
down €6,136 (-31.7%), from €19,354 to €13,218
of which Other amounts receivable: -€12,310
- Profit (loss) carried forward -€56,122
down €56,122 (-35.9%), from -€156,295 to -€212,417
- Gross operating margin -€12,700
down €12,700 (-45.8%), from €27,727 to €15,028
- Depreciation +€6,136
up €6,136 (+9.5%), from €64,739 to €70,875
- Financial income +€434
new in 2026: €434
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €206,807 | €152,698 | -€54,109 | -26.2% |
| Fixed assets | 21/28 | €147,235 | €76,360 | -€70,875 | -48.1% |
| Tangible fixed assets | 22/27 | €147,235 | €76,360 | -€70,875 | -48.1% |
| Plant, machinery and equipment | 23 | €147,235 | €76,360 | -€70,875 | -48.1% |
| Current assets | 29/58 | €59,572 | €76,337 | +€16,766 | +28.1% |
| Amounts receivable within one year | 40/41 | €19,354 | €13,218 | -€6,136 | -31.7% |
| Trade receivables | 40 | €6,043 | €12,216 | +€6,173 | +102% |
| Other amounts receivable | 41 | €13,311 | €1,002 | -€12,310 | -92.5% |
| Cash at bank and in hand | 54/58 | €37,291 | €60,192 | +€22,902 | +61.4% |
| Deferred charges and accrued income | 490/1 | €2,927 | €2,927 | +€0 | 0.0% |
| Total equity and liabilities | 10/49 | €206,807 | €152,698 | -€54,109 | -26.2% |
| Equity | 10/15 | -€126,295 | -€182,417 | -€56,122 | -44.4% |
| Contributions | 10/11 | €30,000 | €30,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€156,295 | -€212,417 | -€56,122 | -35.9% |
| Amounts payable | 17/49 | €333,102 | €335,115 | +€2,013 | +0.6% |
| Amounts payable within one year | 42/48 | €333,102 | €335,115 | +€2,013 | +0.6% |
| Trade debts | 44 | €2,289 | €4,302 | +€2,013 | +87.9% |
| Suppliers | 440/4 | €2,289 | €4,302 | +€2,013 | +87.9% |
| Other amounts payable | 47/48 | €330,813 | €330,813 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €64,739 | €70,875 | +€6,136 | +9.5% |
| Other operating charges | 640/8 | €528 | €544 | +€16 | +3.0% |
| Gross operating margin | 9900 | €27,727 | €15,028 | -€12,700 | -45.8% |
| Operating profit (loss) | 9901 | -€37,539 | -€56,391 | -€18,852 | -50.2% |
| Financial income | 75/76B | - | €434 | +€434 | |
| Recurring financial income | 75 | - | €434 | +€434 | |
| Financial charges | 65/66B | €169 | €165 | -€3 | -2.0% |
| Recurring financial charges | 65 | €169 | €165 | -€3 | -2.0% |
| Profit (loss) for the period before taxes | 9903 | -€37,708 | -€56,122 | -€18,415 | -48.8% |
| Profit (loss) for the period | 9904 | -€37,708 | -€56,122 | -€18,415 | -48.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€37,708 | -€56,122 | -€18,415 | -48.8% |
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 October 2026 via checked.be.