MIGNON FREDERIC: 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.
MIGNON FREDERIC
Largest movements
- Cash +€128,472
up €128,472 (+108.9%), from €118,023 to €246,495
mainly Net result for the year (+€209,914) and Other debts (+€76,677)
- Receivables within one year -€3,075
down €3,075 (-25.6%), from €12,032 to €8,957
of which Other amounts receivable: -€2,961
- Other debts +€76,677
up €76,677 (+202.7%), from €37,825 to €114,502
- Short-term financial debts +€32,900
new in 2025: €32,900
- Tax, wage and social debts +€15,310
up €15,310 (+59.0%), from €25,969 to €41,278
- Gross operating margin +€118,864
up €118,864 (+73.4%), from €161,935 to €280,799
- Taxes +€28,394
up €28,394 (+78.6%), from €36,104 to €64,497
- Staff costs +€3,503
new in 2025: €3,503
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 | €166,027 | €291,827 | +€125,800 | +75.8% |
| Fixed assets | 21/28 | €153 | €0 | -€153 | -100.0% |
| Tangible fixed assets | 22/27 | €153 | €0 | -€153 | -100.0% |
| Furniture and vehicles | 24 | €153 | €0 | -€153 | -100.0% |
| Current assets | 29/58 | €165,874 | €291,827 | +€125,953 | +75.9% |
| Amounts receivable within one year | 40/41 | €12,032 | €8,957 | -€3,075 | -25.6% |
| Trade receivables | 40 | €314 | €200 | -€114 | -36.3% |
| Other amounts receivable | 41 | €11,718 | €8,757 | -€2,961 | -25.3% |
| Cash at bank and in hand | 54/58 | €118,023 | €246,495 | +€128,472 | +108.9% |
| Deferred charges and accrued income | 490/1 | €35,819 | €36,375 | +€556 | +1.6% |
| Total equity and liabilities | 10/49 | €166,027 | €291,827 | +€125,800 | +75.8% |
| Equity | 10/15 | €102,025 | €102,025 | = | 0.0% |
| Contributions | 10/11 | €92,750 | €92,750 | = | 0.0% |
| Reserves | 13 | €9,275 | €9,275 | = | 0.0% |
| Non-distributable reserves | 130/1 | €9,275 | €9,275 | = | 0.0% |
| Reserves not available under the articles | 1311 | €9,275 | €9,275 | = | 0.0% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €64,002 | €189,802 | +€125,800 | +196.6% |
| Amounts payable within one year | 42/48 | €64,002 | €189,802 | +€125,800 | +196.6% |
| Financial debts | 43 | - | €32,900 | +€32,900 | |
| Other loans | 439 | - | €32,900 | +€32,900 | |
| Trade debts | 44 | €208 | €1,122 | +€913 | +438.2% |
| Suppliers | 440/4 | €208 | €1,122 | +€913 | +438.2% |
| Taxes, remuneration and social security | 45 | €25,969 | €41,278 | +€15,310 | +59.0% |
| Taxes | 450/3 | €25,969 | €41,278 | +€15,310 | +59.0% |
| Other amounts payable | 47/48 | €37,825 | €114,502 | +€76,677 | +202.7% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Remuneration, social security and pensions | 62 | - | €3,503 | +€3,503 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,099 | €153 | -€947 | -86.1% |
| Other operating charges | 640/8 | €632 | €650 | +€18 | +2.8% |
| Gross operating margin | 9900 | €161,935 | €280,799 | +€118,864 | +73.4% |
| Operating profit (loss) | 9901 | €160,203 | €276,494 | +€116,291 | +72.6% |
| Financial income | 75/76B | €1,074 | €1,441 | +€368 | +34.2% |
| Recurring financial income | 75 | €1,074 | €1,441 | +€368 | +34.2% |
| Financial charges | 65/66B | €913 | €3,524 | +€2,611 | +286.0% |
| Recurring financial charges | 65 | €913 | €3,524 | +€2,611 | +286.0% |
| Profit (loss) for the period before taxes | 9903 | €160,364 | €274,411 | +€114,047 | +71.1% |
| Income taxes | 67/77 | €36,104 | €64,497 | +€28,394 | +78.6% |
| Profit (loss) for the period | 9904 | €124,260 | €209,914 | +€85,654 | +68.9% |
| Profit (loss) for the period to be appropriated | 9905 | €124,260 | €209,914 | +€85,654 | +68.9% |
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 5 October 2026 via checked.be.