MIJ-ortho: 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.
MIJ-ortho
Largest movements
- Cash -€117,187
down €117,187 (-50.5%), from €231,891 to €114,705
mainly Contributions, distributions and other (-€92,580) and Investment in fixed assets (net) (-€81,550)
- Financial fixed assets +€79,200
new in 2025: €79,200
- Current investments +€30,000
new in 2025: €30,000
- Receivables within one year +€6,049
up €6,049 (+80.6%), from €7,500 to €13,549
of which Trade receivables: +€9,950
- Deferred charges and accrued income +€4,767
up €4,767 (+15.6%), from €30,567 to €35,334
- Other debts +€77,150
up €77,150 (+4,688%), from €1,646 to €78,796
- Tax, wage and social debts -€38,009
down €38,009 (-62.5%), from €60,831 to €22,821
- Profit (loss) carried forward -€33,700
no longer reported in 2025 (was €33,700)
- Trade debts -€6,910
down €6,910 (-81.9%), from €8,439 to €1,529
- Gross operating margin +€36,462
up €36,462 (+72.3%), from €50,402 to €86,864
- Taxes +€8,943
up €8,943 (+100%), from €8,934 to €17,877
- Financial charges +€3,059
up €3,059 (+611,782%), from €1 to €3,059
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 | €290,224 | €288,755 | -€1,469 | -0.5% |
| Fixed assets | 21/28 | €20,266 | €95,168 | +€74,903 | +370% |
| Tangible fixed assets | 22/27 | €20,266 | €15,968 | -€4,297 | -21.2% |
| Furniture and vehicles | 24 | €18,691 | €12,043 | -€6,647 | -35.6% |
| Other tangible fixed assets | 26 | €1,575 | €3,925 | +€2,350 | +149% |
| Financial fixed assets | 28 | - | €79,200 | +€79,200 | |
| Current assets | 29/58 | €269,958 | €193,587 | -€76,372 | -28.3% |
| Amounts receivable within one year | 40/41 | €7,500 | €13,549 | +€6,049 | +80.6% |
| Trade receivables | 40 | - | €9,950 | +€9,950 | |
| Other amounts receivable | 41 | €7,500 | €3,599 | -€3,901 | -52.0% |
| Current investments | 50/53 | - | €30,000 | +€30,000 | |
| Cash at bank and in hand | 54/58 | €231,891 | €114,705 | -€117,187 | -50.5% |
| Deferred charges and accrued income | 490/1 | €30,567 | €35,334 | +€4,767 | +15.6% |
| Total equity and liabilities | 10/49 | €290,224 | €288,755 | -€1,469 | -0.5% |
| Equity | 10/15 | €219,309 | €185,609 | -€33,700 | -15.4% |
| Contributions | 10/11 | €100 | €100 | = | 0.0% |
| Reserves | 13 | €185,509 | €185,509 | = | 0.0% |
| Distributable reserves | 133 | €185,509 | €185,509 | = | 0.0% |
| Profit (loss) carried forward | 14 | €33,700 | - | -€33,700 | |
| Amounts payable | 17/49 | €70,915 | €103,146 | +€32,231 | +45.4% |
| Amounts payable within one year | 42/48 | €70,915 | €103,146 | +€32,231 | +45.4% |
| Trade debts | 44 | €8,439 | €1,529 | -€6,910 | -81.9% |
| Suppliers | 440/4 | €8,439 | €1,529 | -€6,910 | -81.9% |
| Taxes, remuneration and social security | 45 | €60,831 | €22,821 | -€38,009 | -62.5% |
| Taxes | 450/3 | €60,831 | €22,821 | -€38,009 | -62.5% |
| Other amounts payable | 47/48 | €1,646 | €78,796 | +€77,150 | +4,688% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,942 | €6,647 | -€295 | -4.2% |
| Other operating charges | 640/8 | €826 | €400 | -€426 | -51.6% |
| Gross operating margin | 9900 | €50,402 | €86,864 | +€36,462 | +72.3% |
| Operating profit (loss) | 9901 | €42,634 | €79,817 | +€37,182 | +87.2% |
| Financial charges | 65/66B | €1 | €3,059 | +€3,059 | +611,782% |
| Recurring financial charges | 65 | €1 | €3,059 | +€3,059 | +611,782% |
| Profit (loss) for the period before taxes | 9903 | €42,634 | €76,758 | +€34,124 | +80.0% |
| Income taxes | 67/77 | €8,934 | €17,877 | +€8,943 | +100% |
| Profit (loss) for the period | 9904 | €33,700 | €58,880 | +€25,181 | +74.7% |
| Profit (loss) for the period to be appropriated | 9905 | €33,700 | €58,880 | +€25,181 | +74.7% |
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 25 October 2026 via checked.be.