MIJAMO: 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.
MIJAMO
Largest movements
- Financial fixed assets -€503,750
down €503,750 (-19.8%), from €2.5m to €2.0m
- Current investments -€100,236
down €100,236 (-11.0%), from €915,329 to €815,093
- Profit (loss) carried forward -€427,840
down €427,840, from €264,316 to -€163,523
- Debts after one year -€240,000
down €240,000 (-100%), from €240,000 to €0
- Short-term financial debts +€160,000
up €160,000 (+200%), from €80,000 to €240,000
- Other debts -€125,338
down €125,338 (-12.8%), from €982,511 to €857,173
- Financial charges +€443,696
up €443,696 (+509%), from €87,158 to €530,853
of which Non-recurring financial charges: +€500,000
- Financial income -€290,795
down €290,795 (-78.9%), from €368,533 to €77,738
- Taxes -€25,800
down €25,800 (-100%), from €25,800 to €0
- Gross operating margin +€13,388
up €13,388 (+70.9%), from €18,881 to €32,269
- Depreciation +€398
up €398 (+7.4%), from €5,367 to €5,765
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 | €3,688,968 | €3,053,493 | -€635,475 | -17.2% |
| Fixed assets | 21/28 | €2,700,196 | €2,190,681 | -€509,515 | -18.9% |
| Tangible fixed assets | 22/27 | €159,741 | €153,976 | -€5,765 | -3.6% |
| Furniture and vehicles | 24 | €149,601 | €147,059 | -€2,543 | -1.7% |
| Other tangible fixed assets | 26 | €10,140 | €6,918 | -€3,222 | -31.8% |
| Financial fixed assets | 28 | €2,540,454 | €2,036,704 | -€503,750 | -19.8% |
| Current assets | 29/58 | €988,772 | €862,813 | -€125,960 | -12.7% |
| Amounts receivable within one year | 40/41 | €3,388 | €9,276 | +€5,888 | +174% |
| Trade receivables | 40 | €216 | €5,681 | +€5,465 | +2,529% |
| Other amounts receivable | 41 | €3,172 | €3,595 | +€423 | +13.3% |
| Current investments | 50/53 | €915,329 | €815,093 | -€100,236 | -11.0% |
| Cash at bank and in hand | 54/58 | €67,460 | €38,443 | -€29,017 | -43.0% |
| Deferred charges and accrued income | 490/1 | €2,595 | €0 | -€2,595 | -100% |
| Total equity and liabilities | 10/49 | €3,688,968 | €3,053,493 | -€635,475 | -17.2% |
| Equity | 10/15 | €2,357,721 | €1,929,881 | -€427,840 | -18.1% |
| Contributions | 10/11 | €975,000 | €975,000 | = | 0.0% |
| Capital | 10 | €975,000 | €975,000 | = | 0.0% |
| Issued capital | 100 | €975,000 | €975,000 | = | 0.0% |
| Reserves | 13 | €1,118,405 | €1,118,405 | = | 0.0% |
| Non-distributable reserves | 130/1 | €761,405 | €761,405 | = | 0.0% |
| Legal reserve | 130 | €97,500 | €97,500 | = | 0.0% |
| Reserves not available under the articles | 1311 | €663,905 | €663,905 | = | 0.0% |
| Distributable reserves | 133 | €357,000 | €357,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €264,316 | -€163,523 | -€427,840 | |
| Amounts payable | 17/49 | €1,331,247 | €1,123,612 | -€207,635 | -15.6% |
| Amounts payable after more than one year | 17 | €240,000 | €0 | -€240,000 | -100% |
| Financial debts | 170/4 | €240,000 | €0 | -€240,000 | -100% |
| Amounts payable within one year | 42/48 | €1,091,247 | €1,123,612 | +€32,365 | +3.0% |
| Financial debts | 43 | €80,000 | €240,000 | +€160,000 | +200% |
| Credit institutions | 430/8 | €80,000 | €240,000 | +€160,000 | +200% |
| Trade debts | 44 | €4,830 | €1,900 | -€2,930 | -60.7% |
| Suppliers | 440/4 | €4,830 | €1,900 | -€2,930 | -60.7% |
| Taxes, remuneration and social security | 45 | €23,906 | €24,539 | +€633 | +2.6% |
| Taxes | 450/3 | €23,906 | €24,539 | +€633 | +2.6% |
| Other amounts payable | 47/48 | €982,511 | €857,173 | -€125,338 | -12.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,367 | €5,765 | +€398 | +7.4% |
| Other operating charges | 640/8 | €1,240 | €1,228 | -€11 | -0.9% |
| Gross operating margin | 9900 | €18,881 | €32,269 | +€13,388 | +70.9% |
| Operating profit (loss) | 9901 | €12,274 | €25,276 | +€13,001 | +106% |
| Financial income | 75/76B | €368,533 | €77,738 | -€290,795 | -78.9% |
| Recurring financial income | 75 | €368,533 | €77,738 | -€290,795 | -78.9% |
| Financial charges | 65/66B | €87,158 | €530,853 | +€443,696 | +509% |
| Recurring financial charges | 65 | €87,158 | €30,853 | -€56,304 | -64.6% |
| Non-recurring financial charges | 66B | - | €500,000 | +€500,000 | |
| Profit (loss) for the period before taxes | 9903 | €293,650 | -€427,840 | -€721,489 | |
| Income taxes | 67/77 | €25,800 | €0 | -€25,800 | -100% |
| Profit (loss) for the period | 9904 | €267,850 | -€427,840 | -€695,689 | |
| Profit (loss) for the period to be appropriated | 9905 | €267,850 | -€427,840 | -€695,689 |
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 14 October 2026 via checked.be.