MIM’ELO: 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.
MIM’ELO
Largest movements
- Cash -€20,198
down €20,198 (-74.0%), from €27,308 to €7,110
mainly Trade debts (-€19,425) and Tax, wage and social debts (-€7,154)
- Stocks and contracts -€15,389
no longer reported in 2025 (was €15,389)
- Receivables within one year +€5,147
up €5,147 (+264.7%), from €1,945 to €7,092
of which Trade receivables: +€4,235
- Trade debts -€19,425
down €19,425 (-87.5%), from €22,196 to €2,771
- Tax, wage and social debts -€7,154
down €7,154 (-80.5%), from €8,889 to €1,735
of which Remuneration and social security: -€7,591
- Profit (loss) carried forward -€2,515
down €2,515, from €2,211 to -€303
- Current portion of long-term debt -€775
no longer reported in 2025 (was €775)
- Other debts -€570
no longer reported in 2025 (was €570)
- Gross operating margin -€26,848
down €26,848 (-76.0%), from €35,310 to €8,462
- Staff costs -€19,800
no longer reported in 2025 (was €19,800)
- Depreciation -€922
no longer reported in 2025 (was €922)
- Taxes -€402
no longer reported in 2025 (was €402)
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 | €44,641 | €14,202 | -€30,439 | -68.2% |
| Current assets | 29/58 | €44,641 | €14,202 | -€30,439 | -68.2% |
| Stocks and contracts in progress | 3 | €15,389 | - | -€15,389 | |
| Stocks | 30/36 | €15,389 | - | -€15,389 | |
| Amounts receivable within one year | 40/41 | €1,945 | €7,092 | +€5,147 | +264.7% |
| Trade receivables | 40 | - | €4,235 | +€4,235 | |
| Other amounts receivable | 41 | €1,945 | €2,857 | +€912 | +46.9% |
| Cash at bank and in hand | 54/58 | €27,308 | €7,110 | -€20,198 | -74.0% |
| Total equity and liabilities | 10/49 | €44,641 | €14,202 | -€30,439 | -68.2% |
| Equity | 10/15 | €12,211 | €9,697 | -€2,515 | -20.6% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €2,211 | -€303 | -€2,515 | |
| Amounts payable | 17/49 | €32,430 | €4,505 | -€27,924 | -86.1% |
| Amounts payable within one year | 42/48 | €32,430 | €4,505 | -€27,924 | -86.1% |
| Current portion of amounts payable after more than one year | 42 | €775 | - | -€775 | |
| Trade debts | 44 | €22,196 | €2,771 | -€19,425 | -87.5% |
| Suppliers | 440/4 | €22,196 | €2,771 | -€19,425 | -87.5% |
| Taxes, remuneration and social security | 45 | €8,889 | €1,735 | -€7,154 | -80.5% |
| Taxes | 450/3 | €1,297 | €1,735 | +€437 | +33.7% |
| Remuneration and social security | 454/9 | €7,591 | - | -€7,591 | |
| Other amounts payable | 47/48 | €570 | - | -€570 | |
| Remuneration, social security and pensions | 62 | €19,800 | - | -€19,800 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €922 | - | -€922 | |
| Other operating charges | 640/8 | €1,933 | €1,632 | -€302 | -15.6% |
| Non-recurring operating charges | 66A | €14,538 | €8,767 | -€5,771 | -39.7% |
| Gross operating margin | 9900 | €35,310 | €8,462 | -€26,848 | -76.0% |
| Operating profit (loss) | 9901 | -€1,884 | -€1,937 | -€53 | -2.8% |
| Financial income | 75/76B | €20 | €0 | -€20 | -99.0% |
| Recurring financial income | 75 | €20 | €0 | -€20 | -99.0% |
| Financial charges | 65/66B | €841 | €578 | -€263 | -31.3% |
| Recurring financial charges | 65 | €841 | €578 | -€263 | -31.3% |
| Profit (loss) for the period before taxes | 9903 | -€2,705 | -€2,515 | +€190 | +7.0% |
| Income taxes | 67/77 | €402 | - | -€402 | |
| Profit (loss) for the period | 9904 | -€3,107 | -€2,515 | +€593 | +19.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€3,107 | -€2,515 | +€593 | +19.1% |
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 7 October 2026 via checked.be.