MIGRAINE: 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.
MIGRAINE
Largest movements
- Cash +€13,066
up €13,066 (+32.4%), from €40,320 to €53,386
mainly Net result for the year (+€12,542) and Depreciation (+€1,792)
- Profit (loss) carried forward +€12,542
up €12,542 (+8.0%), from €157,689 to €170,231
- Gross operating margin -€17,623
down €17,623 (-40.1%), from €43,993 to €26,370
- Taxes -€4,738
down €4,738 (-53.1%), from €8,919 to €4,181
- Depreciation +€1,123
up €1,123 (+168%), from €669 to €1,792
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 | €221,219 | €233,760 | +€12,542 | +5.7% |
| Fixed assets | 21/28 | €46,440 | €46,556 | +€116 | +0.2% |
| Tangible fixed assets | 22/27 | €46,440 | €46,556 | +€116 | +0.2% |
| Land and buildings | 22 | €46,440 | €46,556 | +€116 | +0.2% |
| Current assets | 29/58 | €174,779 | €187,205 | +€12,426 | +7.1% |
| Amounts receivable within one year | 40/41 | €130,000 | €130,319 | +€319 | +0.2% |
| Other amounts receivable | 41 | €130,000 | €130,319 | +€319 | +0.2% |
| Cash at bank and in hand | 54/58 | €40,320 | €53,386 | +€13,066 | +32.4% |
| Deferred charges and accrued income | 490/1 | €4,459 | €3,500 | -€959 | -21.5% |
| Total equity and liabilities | 10/49 | €221,219 | €233,760 | +€12,542 | +5.7% |
| Equity | 10/15 | €219,663 | €232,204 | +€12,542 | +5.7% |
| Contributions | 10/11 | €61,973 | €61,973 | = | 0.0% |
| Contributions outside capital | 11 | €61,973 | €61,973 | = | 0.0% |
| Other | 1109/19 | €61,973 | €61,973 | = | 0.0% |
| Profit (loss) carried forward | 14 | €157,689 | €170,231 | +€12,542 | +8.0% |
| Amounts payable | 17/49 | €1,556 | €1,556 | = | 0.0% |
| Amounts payable within one year | 42/48 | €1,556 | €1,556 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €919 | €919 | = | 0.0% |
| Taxes | 450/3 | €919 | €919 | = | 0.0% |
| Other amounts payable | 47/48 | €637 | €637 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €669 | €1,792 | +€1,123 | +168% |
| Other operating charges | 640/8 | €7,491 | €7,724 | +€234 | +3.1% |
| Gross operating margin | 9900 | €43,993 | €26,370 | -€17,623 | -40.1% |
| Operating profit (loss) | 9901 | €35,833 | €16,854 | -€18,979 | -53.0% |
| Financial charges | 65/66B | €158 | €132 | -€26 | -16.7% |
| Recurring financial charges | 65 | €158 | €132 | -€26 | -16.7% |
| Profit (loss) for the period before taxes | 9903 | €35,675 | €16,722 | -€18,953 | -53.1% |
| Income taxes | 67/77 | €8,919 | €4,181 | -€4,738 | -53.1% |
| Profit (loss) for the period | 9904 | €26,757 | €12,542 | -€14,215 | -53.1% |
| Profit (loss) for the period to be appropriated | 9905 | €26,757 | €12,542 | -€14,215 | -53.1% |
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 16 October 2026 via checked.be.