MIGN: 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.
MIGN
Largest movements
- Tangible fixed assets -€78,670
down €78,670 (-8.3%), from €943,842 to €865,172
of which Land and buildings: -€56,792
- Cash +€15,475
up €15,475 (+346%), from €4,478 to €19,952
mainly Depreciation (+€96,933) and Other debts (+€20,241)
- Debts after one year -€57,807
down €57,807 (-11.1%), from €521,318 to €463,511
- Profit (loss) carried forward -€35,322
down €35,322 (-14.9%), from -€237,630 to -€272,952
- Other debts +€20,241
up €20,241 (+3.4%), from €586,907 to €607,149
- Gross operating margin +€18,373
up €18,373 (+27.7%), from €66,408 to €84,781
- Staff costs +€8,674
new in 2025: €8,674
- Depreciation +€2,758
up €2,758 (+2.9%), from €94,175 to €96,933
- Other operating charges +€1,504
up €1,504 (+25.2%), from €5,965 to €7,469
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 | €951,252 | €885,376 | -€65,876 | -6.9% |
| Fixed assets | 21/28 | €943,842 | €865,172 | -€78,670 | -8.3% |
| Tangible fixed assets | 22/27 | €943,842 | €865,172 | -€78,670 | -8.3% |
| Land and buildings | 22 | €878,243 | €821,451 | -€56,792 | -6.5% |
| Plant, machinery and equipment | 23 | €33,367 | €28,149 | -€5,218 | -15.6% |
| Furniture and vehicles | 24 | €32,232 | €15,572 | -€16,660 | -51.7% |
| Current assets | 29/58 | €7,409 | €20,203 | +€12,794 | +173% |
| Amounts receivable within one year | 40/41 | €2,681 | - | -€2,681 | |
| Other amounts receivable | 41 | €2,681 | - | -€2,681 | |
| Cash at bank and in hand | 54/58 | €4,478 | €19,952 | +€15,475 | +346% |
| Deferred charges and accrued income | 490/1 | €251 | €251 | = | 0.0% |
| Total equity and liabilities | 10/49 | €951,252 | €885,376 | -€65,876 | -6.9% |
| Equity | 10/15 | -€217,630 | -€252,952 | -€35,322 | -16.2% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€237,630 | -€272,952 | -€35,322 | -14.9% |
| Amounts payable | 17/49 | €1,168,882 | €1,138,327 | -€30,555 | -2.6% |
| Amounts payable after more than one year | 17 | €521,318 | €463,511 | -€57,807 | -11.1% |
| Financial debts | 170/4 | €521,318 | €463,511 | -€57,807 | -11.1% |
| Amounts payable within one year | 42/48 | €645,864 | €673,116 | +€27,253 | +4.2% |
| Current portion of amounts payable after more than one year | 42 | €57,089 | €57,807 | +€719 | +1.3% |
| Trade debts | 44 | €1,411 | €6,973 | +€5,563 | +394% |
| Suppliers | 440/4 | €1,411 | €6,973 | +€5,563 | +394% |
| Taxes, remuneration and social security | 45 | €457 | €1,187 | +€730 | +160% |
| Taxes | 450/3 | €457 | €621 | +€164 | +35.9% |
| Remuneration and social security | 454/9 | - | €566 | +€566 | |
| Other amounts payable | 47/48 | €586,907 | €607,149 | +€20,241 | +3.4% |
| Accrued charges and deferred income | 492/3 | €1,700 | €1,700 | = | 0.0% |
| Remuneration, social security and pensions | 62 | - | €8,674 | +€8,674 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €94,175 | €96,933 | +€2,758 | +2.9% |
| Other operating charges | 640/8 | €5,965 | €7,469 | +€1,504 | +25.2% |
| Gross operating margin | 9900 | €66,408 | €84,781 | +€18,373 | +27.7% |
| Operating profit (loss) | 9901 | -€33,732 | -€28,296 | +€5,437 | +16.1% |
| Financial income | 75/76B | €0 | €0 | +€0 | +1,433% |
| Recurring financial income | 75 | €0 | €0 | +€0 | +1,433% |
| Financial charges | 65/66B | €7,795 | €7,026 | -€769 | -9.9% |
| Recurring financial charges | 65 | €7,795 | €7,026 | -€769 | -9.9% |
| Profit (loss) for the period before taxes | 9903 | -€41,527 | -€35,322 | +€6,205 | +14.9% |
| Profit (loss) for the period | 9904 | -€41,527 | -€35,322 | +€6,205 | +14.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€41,527 | -€35,322 | +€6,205 | +14.9% |
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 13 October 2026 via checked.be.