MIHA: 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.
MIHA
Largest movements
- Cash +€23,037
up €23,037 (+95.7%), from €24,078 to €47,115
mainly Receivables within one year (+€14,750) and Net result for the year (+€5,915)
- Receivables within one year -€14,750
down €14,750 (-23.5%), from €62,819 to €48,069
of which Trade receivables: -€14,227
- Reserves +€5,115
up €5,115 (+8.0%), from €63,576 to €68,691
- Tax, wage and social debts +€1,534
up €1,534 (+115.9%), from €1,324 to €2,858
of which Taxes: +€1,534
- Gross operating margin +€2,941
up €2,941 (+38.7%), from €7,606 to €10,547
- Taxes +€361
up €361 (+14.7%), from €2,461 to €2,822
- Depreciation -€310
down €310 (-27.6%), from €1,125 to €815
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 | €89,289 | €96,771 | +€7,482 | +8.4% |
| Fixed assets | 21/28 | €2,093 | €1,278 | -€815 | -38.9% |
| Tangible fixed assets | 22/27 | €2,093 | €1,278 | -€815 | -38.9% |
| Furniture and vehicles | 24 | €2,093 | €1,278 | -€815 | -38.9% |
| Current assets | 29/58 | €87,196 | €95,493 | +€8,297 | +9.5% |
| Amounts receivable within one year | 40/41 | €62,819 | €48,069 | -€14,750 | -23.5% |
| Trade receivables | 40 | €61,731 | €47,504 | -€14,227 | -23.0% |
| Other amounts receivable | 41 | €1,088 | €565 | -€524 | -48.1% |
| Cash at bank and in hand | 54/58 | €24,078 | €47,115 | +€23,037 | +95.7% |
| Deferred charges and accrued income | 490/1 | €299 | €310 | +€11 | +3.6% |
| Total equity and liabilities | 10/49 | €89,289 | €96,771 | +€7,482 | +8.4% |
| Equity | 10/15 | €82,176 | €87,291 | +€5,115 | +6.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €63,576 | €68,691 | +€5,115 | +8.0% |
| Distributable reserves | 133 | €63,576 | €68,691 | +€5,115 | +8.0% |
| Amounts payable | 17/49 | €7,113 | €9,480 | +€2,367 | +33.3% |
| Amounts payable within one year | 42/48 | €6,857 | €9,230 | +€2,372 | +34.6% |
| Trade debts | 44 | €335 | €421 | +€86 | +25.7% |
| Suppliers | 440/4 | €335 | €421 | +€86 | +25.7% |
| Taxes, remuneration and social security | 45 | €1,324 | €2,858 | +€1,534 | +115.9% |
| Taxes | 450/3 | €574 | €2,108 | +€1,534 | +267.3% |
| Remuneration and social security | 454/9 | €750 | €750 | = | 0.0% |
| Other amounts payable | 47/48 | €5,199 | €5,951 | +€752 | +14.5% |
| Accrued charges and deferred income | 492/3 | €256 | €250 | -€6 | -2.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,125 | €815 | -€310 | -27.6% |
| Other operating charges | 640/8 | €899 | €928 | +€30 | +3.3% |
| Gross operating margin | 9900 | €7,606 | €10,547 | +€2,941 | +38.7% |
| Operating profit (loss) | 9901 | €5,583 | €8,804 | +€3,222 | +57.7% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €153 | €67 | -€86 | -56.4% |
| Recurring financial charges | 65 | €153 | €67 | -€86 | -56.4% |
| Profit (loss) for the period before taxes | 9903 | €5,430 | €8,738 | +€3,308 | +60.9% |
| Income taxes | 67/77 | €2,461 | €2,822 | +€361 | +14.7% |
| Profit (loss) for the period | 9904 | €2,969 | €5,915 | +€2,947 | +99.3% |
| Profit (loss) for the period to be appropriated | 9905 | €2,969 | €5,915 | +€2,947 | +99.3% |
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 8 October 2026 via checked.be.