MIMATE: 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.
MIMATE
Largest movements
- Stocks and contracts -€10,962
down €10,962 (-49.1%), from €22,345 to €11,383
- Receivables within one year +€6,565
up €6,565 (+152.3%), from €4,310 to €10,875
of which Other amounts receivable: +€10,589
- Tangible fixed assets -€2,656
down €2,656 (-24.9%), from €10,665 to €8,009
of which Other tangible fixed assets: -€3,589
- Cash -€991
down €991 (-84.9%), from €1,167 to €176
mainly Net result for the year (-€17,646) and Receivables within one year (-€6,565)
- Profit (loss) carried forward -€17,646
down €17,646 (-16.2%), from -€109,211 to -€126,857
- Current portion of long-term debt +€7,840
up €7,840 (+95.9%), from €8,175 to €16,015
- Trade debts +€3,544
up €3,544 (+95.6%), from €3,709 to €7,253
- Debts after one year -€3,200
down €3,200 (-2.9%), from €108,524 to €105,324
- Other debts +€2,541
up €2,541 (+57.0%), from €4,459 to €7,000
- Gross operating margin -€12,596
down €12,596, from €12,465 to -€131
- Depreciation +€766
up €766 (+22.7%), from €3,377 to €4,143
- Financial income +€289
up €289 (+1070.4%), from €27 to €316
- Other operating charges +€258
up €258 (+26.6%), from €970 to €1,228
- Financial charges +€251
up €251 (+2.1%), from €12,068 to €12,319
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 | €38,700 | €30,629 | -€8,071 | -20.9% |
| Fixed assets | 21/28 | €10,665 | €8,009 | -€2,656 | -24.9% |
| Tangible fixed assets | 22/27 | €10,665 | €8,009 | -€2,656 | -24.9% |
| Furniture and vehicles | 24 | €1,784 | €2,717 | +€933 | +52.3% |
| Other tangible fixed assets | 26 | €8,881 | €5,292 | -€3,589 | -40.4% |
| Current assets | 29/58 | €28,035 | €22,620 | -€5,415 | -19.3% |
| Stocks and contracts in progress | 3 | €22,345 | €11,383 | -€10,962 | -49.1% |
| Stocks | 30/36 | €22,345 | €11,383 | -€10,962 | -49.1% |
| Amounts receivable within one year | 40/41 | €4,310 | €10,875 | +€6,565 | +152.3% |
| Trade receivables | 40 | €4,310 | €286 | -€4,024 | -93.4% |
| Other amounts receivable | 41 | - | €10,589 | +€10,589 | |
| Cash at bank and in hand | 54/58 | €1,167 | €176 | -€991 | -84.9% |
| Deferred charges and accrued income | 490/1 | €213 | €186 | -€27 | -12.7% |
| Total equity and liabilities | 10/49 | €38,700 | €30,629 | -€8,071 | -20.9% |
| Equity | 10/15 | -€90,611 | -€108,257 | -€17,646 | -19.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€109,211 | -€126,857 | -€17,646 | -16.2% |
| Amounts payable | 17/49 | €129,311 | €138,886 | +€9,575 | +7.4% |
| Amounts payable after more than one year | 17 | €108,524 | €105,324 | -€3,200 | -2.9% |
| Financial debts | 170/4 | €108,524 | €105,324 | -€3,200 | -2.9% |
| Amounts payable within one year | 42/48 | €20,787 | €33,562 | +€12,775 | +61.5% |
| Current portion of amounts payable after more than one year | 42 | €8,175 | €16,015 | +€7,840 | +95.9% |
| Financial debts | 43 | - | €461 | +€461 | |
| Credit institutions | 430/8 | - | €461 | +€461 | |
| Trade debts | 44 | €3,709 | €7,253 | +€3,544 | +95.6% |
| Suppliers | 440/4 | €3,709 | €7,253 | +€3,544 | +95.6% |
| Advances received on contracts in progress | 46 | €72 | - | -€72 | |
| Taxes, remuneration and social security | 45 | €4,372 | €2,833 | -€1,539 | -35.2% |
| Taxes | 450/3 | €4,372 | €2,833 | -€1,539 | -35.2% |
| Other amounts payable | 47/48 | €4,459 | €7,000 | +€2,541 | +57.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,377 | €4,143 | +€766 | +22.7% |
| Other operating charges | 640/8 | €970 | €1,228 | +€258 | +26.6% |
| Gross operating margin | 9900 | €12,465 | -€131 | -€12,596 | |
| Operating profit (loss) | 9901 | €8,118 | -€5,502 | -€13,620 | |
| Financial income | 75/76B | €27 | €316 | +€289 | +1070.4% |
| Recurring financial income | 75 | €27 | €316 | +€289 | +1070.4% |
| Financial charges | 65/66B | €12,068 | €12,319 | +€251 | +2.1% |
| Recurring financial charges | 65 | €12,068 | €12,319 | +€251 | +2.1% |
| Profit (loss) for the period before taxes | 9903 | -€3,923 | -€17,505 | -€13,582 | -346.2% |
| Income taxes | 67/77 | €139 | €141 | +€2 | +1.4% |
| Profit (loss) for the period | 9904 | -€4,062 | -€17,646 | -€13,584 | -334.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€4,062 | -€17,646 | -€13,584 | -334.4% |
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 2 October 2026 via checked.be.