MIIN: 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.
MIIN
Largest movements
- Tangible fixed assets -€40,983
down €40,983 (-2.7%), from €1.5m to €1.5m
- Profit (loss) carried forward -€47,061
down €47,061, from €7,080 to -€39,981
- Gross operating margin -€49,415
down €49,415 (-93.0%), from €53,141 to €3,726
- Other operating charges +€4,764
up €4,764 (+1229.9%), from €387 to €5,151
- Depreciation +€2,368
up €2,368 (+5.5%), from €43,131 to €45,499
- Taxes -€2,360
no longer reported in 2025 (was €2,360)
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 | €1,548,883 | €1,499,166 | -€49,717 | -3.2% |
| Formation expenses | 20 | €9,404 | €4,888 | -€4,516 | -48.0% |
| Fixed assets | 21/28 | €1,494,958 | €1,453,975 | -€40,983 | -2.7% |
| Tangible fixed assets | 22/27 | €1,494,958 | €1,453,975 | -€40,983 | -2.7% |
| Land and buildings | 22 | €1,494,958 | €1,453,975 | -€40,983 | -2.7% |
| Current assets | 29/58 | €44,521 | €40,303 | -€4,218 | -9.5% |
| Cash at bank and in hand | 54/58 | €44,521 | €40,303 | -€4,218 | -9.5% |
| Total equity and liabilities | 10/49 | €1,548,883 | €1,499,166 | -€49,717 | -3.2% |
| Equity | 10/15 | €1,540,888 | €1,493,828 | -€47,061 | -3.1% |
| Contributions | 10/11 | €1,533,808 | €1,533,808 | = | 0.0% |
| Profit (loss) carried forward | 14 | €7,080 | -€39,981 | -€47,061 | |
| Amounts payable | 17/49 | €7,995 | €5,338 | -€2,657 | -33.2% |
| Amounts payable within one year | 42/48 | €5,995 | €5,338 | -€657 | -11.0% |
| Trade debts | 44 | €3,635 | €3,219 | -€416 | -11.5% |
| Suppliers | 440/4 | €3,635 | €3,219 | -€416 | -11.5% |
| Taxes, remuneration and social security | 45 | €2,360 | - | -€2,360 | |
| Taxes | 450/3 | €2,360 | - | -€2,360 | |
| Other amounts payable | 47/48 | - | €2,120 | +€2,120 | |
| Accrued charges and deferred income | 492/3 | €2,000 | - | -€2,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €43,131 | €45,499 | +€2,368 | +5.5% |
| Other operating charges | 640/8 | €387 | €5,151 | +€4,764 | +1229.9% |
| Gross operating margin | 9900 | €53,141 | €3,726 | -€49,415 | -93.0% |
| Operating profit (loss) | 9901 | €9,623 | -€46,925 | -€56,547 | |
| Financial charges | 65/66B | €183 | €136 | -€47 | -25.7% |
| Recurring financial charges | 65 | €183 | €136 | -€47 | -25.7% |
| Profit (loss) for the period before taxes | 9903 | €9,440 | -€47,061 | -€56,501 | |
| Income taxes | 67/77 | €2,360 | - | -€2,360 | |
| Profit (loss) for the period | 9904 | €7,080 | -€47,061 | -€54,141 | |
| Profit (loss) for the period to be appropriated | 9905 | €7,080 | -€47,061 | -€54,141 |
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 10 October 2026 via checked.be.