MIMAGO: 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.
MIMAGO
Largest movements
- Cash -€84,763
down €84,763 (-31.0%), from €273,141 to €188,378
mainly Contributions, distributions and other (-€91,638) and Receivables within one year (-€59,750)
- Receivables within one year +€59,750
up €59,750 (+1853.9%), from €3,223 to €62,973
of which Trade receivables: +€44,895
- Tangible fixed assets -€13,296
down €13,296 (-7.9%), from €168,392 to €155,096
of which Furniture and vehicles: -€11,034
- Reserves -€64,447
down €64,447 (-16.5%), from €390,054 to €325,607
- Trade debts +€25,982
up €25,982 (+100.2%), from €25,935 to €51,917
- Gross operating margin -€48,069
down €48,069 (-14.5%), from €332,462 to €284,393
- Taxes -€21,052
down €21,052 (-67.1%), from €31,361 to €10,309
- Staff costs +€18,767
up €18,767 (+11.0%), from €170,895 to €189,662
- Depreciation +€10,127
up €10,127 (+21.5%), from €46,992 to €57,119
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 | €447,772 | €410,501 | -€37,272 | -8.3% |
| Fixed assets | 21/28 | €168,392 | €155,096 | -€13,296 | -7.9% |
| Tangible fixed assets | 22/27 | €168,392 | €155,096 | -€13,296 | -7.9% |
| Plant, machinery and equipment | 23 | €3,688 | €1,426 | -€2,263 | -61.3% |
| Furniture and vehicles | 24 | €164,704 | €153,670 | -€11,034 | -6.7% |
| Current assets | 29/58 | €279,380 | €255,405 | -€23,975 | -8.6% |
| Amounts receivable within one year | 40/41 | €3,223 | €62,973 | +€59,750 | +1853.9% |
| Trade receivables | 40 | €446 | €45,341 | +€44,895 | +10070.9% |
| Other amounts receivable | 41 | €2,777 | €17,632 | +€14,855 | +534.9% |
| Cash at bank and in hand | 54/58 | €273,141 | €188,378 | -€84,763 | -31.0% |
| Deferred charges and accrued income | 490/1 | €3,016 | €4,054 | +€1,038 | +34.4% |
| Total equity and liabilities | 10/49 | €447,772 | €410,501 | -€37,272 | -8.3% |
| Equity | 10/15 | €408,654 | €344,207 | -€64,447 | -15.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €390,054 | €325,607 | -€64,447 | -16.5% |
| Distributable reserves | 133 | €390,054 | €325,607 | -€64,447 | -16.5% |
| Amounts payable | 17/49 | €39,119 | €66,294 | +€27,175 | +69.5% |
| Amounts payable within one year | 42/48 | €39,119 | €66,294 | +€27,175 | +69.5% |
| Financial debts | 43 | - | €47 | +€47 | |
| Credit institutions | 430/8 | - | €47 | +€47 | |
| Trade debts | 44 | €25,935 | €51,917 | +€25,982 | +100.2% |
| Suppliers | 440/4 | €25,935 | €51,917 | +€25,982 | +100.2% |
| Taxes, remuneration and social security | 45 | €6,797 | €6,831 | +€33 | +0.5% |
| Taxes | 450/3 | €1,361 | - | -€1,361 | |
| Remuneration and social security | 454/9 | €5,436 | €6,831 | +€1,395 | +25.7% |
| Other amounts payable | 47/48 | €6,386 | €7,498 | +€1,112 | +17.4% |
| Non-recurring operating income | 76A | €1,653 | €3,197 | +€1,544 | +93.4% |
| Remuneration, social security and pensions | 62 | €170,895 | €189,662 | +€18,767 | +11.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €46,992 | €57,119 | +€10,127 | +21.5% |
| Other operating charges | 640/8 | €2,534 | €1,504 | -€1,030 | -40.7% |
| Gross operating margin | 9900 | €332,462 | €284,393 | -€48,069 | -14.5% |
| Operating profit (loss) | 9901 | €112,041 | €36,108 | -€75,932 | -67.8% |
| Financial income | 75/76B | €2,345 | €1,584 | -€761 | -32.4% |
| Recurring financial income | 75 | €2,345 | €1,584 | -€761 | -32.4% |
| Financial charges | 65/66B | €474 | €192 | -€282 | -59.4% |
| Recurring financial charges | 65 | €474 | €192 | -€282 | -59.4% |
| Profit (loss) for the period before taxes | 9903 | €113,912 | €37,500 | -€76,411 | -67.1% |
| Income taxes | 67/77 | €31,361 | €10,309 | -€21,052 | -67.1% |
| Profit (loss) for the period | 9904 | €82,550 | €27,191 | -€55,359 | -67.1% |
| Profit (loss) for the period to be appropriated | 9905 | €82,550 | €27,191 | -€55,359 | -67.1% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.