MIJA: what changed
MIJA
Largest movements
- Cash -€48,432
down €48,432 (-55.3%), from €87,641 to €39,209
mainly Receivables within one year (-€34,015) and Contributions, distributions and other (-€17,143)
- Receivables within one year +€34,015
up €34,015 (+188%), from €18,100 to €52,115
of which Trade receivables: +€33,984
- Receivables after one year -€2,500
no longer reported in 2025 (was €2,500)
- Deferred charges and accrued income -€1,201
down €1,201 (-42.5%), from €2,827 to €1,626
- Reserves -€13,442
down €13,442 (-16.4%), from €82,212 to €68,770
of which Distributable reserves: -€13,442
- Tax, wage and social debts -€4,966
down €4,966 (-48.0%), from €10,337 to €5,370
- Gross operating margin -€9,420
down €9,420 (-51.2%), from €18,406 to €8,986
- Taxes -€2,357
down €2,357 (-47.9%), from €4,916 to €2,559
- Depreciation -€461
down €461 (-23.9%), from €1,929 to €1,467
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €113,337 | €95,037 | -€18,300 | -16.1% |
| Fixed assets | 21/28 | €2,270 | €2,087 | -€183 | -8.0% |
| Tangible fixed assets | 22/27 | €2,270 | €2,087 | -€183 | -8.0% |
| Furniture and vehicles | 24 | €1,586 | €1,670 | +€83 | +5.2% |
| Other tangible fixed assets | 26 | €683 | €417 | -€266 | -38.9% |
| Current assets | 29/58 | €111,068 | €92,950 | -€18,118 | -16.3% |
| Amounts receivable after more than one year | 29 | €2,500 | - | -€2,500 | |
| Other amounts receivable | 291 | €2,500 | - | -€2,500 | |
| Amounts receivable within one year | 40/41 | €18,100 | €52,115 | +€34,015 | +188% |
| Trade receivables | 40 | €18,100 | €52,084 | +€33,984 | +188% |
| Other amounts receivable | 41 | - | €31 | +€31 | |
| Cash at bank and in hand | 54/58 | €87,641 | €39,209 | -€48,432 | -55.3% |
| Deferred charges and accrued income | 490/1 | €2,827 | €1,626 | -€1,201 | -42.5% |
| Total equity and liabilities | 10/49 | €113,337 | €95,037 | -€18,300 | -16.1% |
| Equity | 10/15 | €100,812 | €87,370 | -€13,442 | -13.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €82,212 | €68,770 | -€13,442 | -16.4% |
| Non-distributable reserves | 130/1 | €50 | €50 | = | 0.0% |
| Reserves not available under the articles | 1311 | €50 | €50 | = | 0.0% |
| Distributable reserves | 133 | €82,162 | €68,720 | -€13,442 | -16.4% |
| Amounts payable | 17/49 | €12,525 | €7,666 | -€4,859 | -38.8% |
| Amounts payable within one year | 42/48 | €12,525 | €7,666 | -€4,859 | -38.8% |
| Trade debts | 44 | €1,799 | €2,291 | +€492 | +27.4% |
| Suppliers | 440/4 | €1,799 | €2,291 | +€492 | +27.4% |
| Taxes, remuneration and social security | 45 | €10,337 | €5,370 | -€4,966 | -48.0% |
| Taxes | 450/3 | €10,337 | €5,370 | -€4,966 | -48.0% |
| Other amounts payable | 47/48 | €390 | €5 | -€385 | -98.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,929 | €1,467 | -€461 | -23.9% |
| Other operating charges | 640/8 | €393 | €342 | -€51 | -12.9% |
| Gross operating margin | 9900 | €18,406 | €8,986 | -€9,420 | -51.2% |
| Operating profit (loss) | 9901 | €16,084 | €7,176 | -€8,908 | -55.4% |
| Financial income | 75/76B | - | €34 | +€34 | |
| Recurring financial income | 75 | - | €34 | +€34 | |
| Financial charges | 65/66B | €1,092 | €950 | -€142 | -13.0% |
| Recurring financial charges | 65 | €1,092 | €950 | -€142 | -13.0% |
| Profit (loss) for the period before taxes | 9903 | €14,992 | €6,260 | -€8,732 | -58.2% |
| Income taxes | 67/77 | €4,916 | €2,559 | -€2,357 | -47.9% |
| Profit (loss) for the period | 9904 | €10,076 | €3,701 | -€6,375 | -63.3% |
| Profit (loss) for the period to be appropriated | 9905 | €10,076 | €3,701 | -€6,375 | -63.3% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.