MIMAX: 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.
MIMAX
Largest movements
- Cash +€21,353
up €21,353 (+30.5%), from €69,914 to €91,267
mainly Net result for the year (+€23,833) and Depreciation (+€7,443)
- Tangible fixed assets -€7,443
down €7,443 (-16.8%), from €44,328 to €36,886
of which Furniture and vehicles: -€7,287
- Reserves +€23,833
up €23,833 (+16.7%), from €143,095 to €166,928
of which Distributable reserves: +€23,833
- Debts after one year -€5,976
no longer reported in 2025 (was €5,976)
- Other debts -€2,580
no longer reported in 2025 (was €2,580)
- Gross operating margin +€7,632
up €7,632 (+21.9%), from €34,904 to €42,536
- Taxes +€2,863
up €2,863 (+37.8%), from €7,577 to €10,439
- Financial income -€934
down €934 (-100.0%), from €934 to €0
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 | €187,130 | €200,319 | +€13,189 | +7.0% |
| Fixed assets | 21/28 | €44,328 | €36,886 | -€7,443 | -16.8% |
| Tangible fixed assets | 22/27 | €44,328 | €36,886 | -€7,443 | -16.8% |
| Land and buildings | 22 | €30,000 | €30,000 | = | 0.0% |
| Furniture and vehicles | 24 | €13,548 | €6,262 | -€7,287 | -53.8% |
| Other tangible fixed assets | 26 | €780 | €624 | -€156 | -20.0% |
| Current assets | 29/58 | €142,802 | €163,433 | +€20,632 | +14.4% |
| Stocks and contracts in progress | 3 | €1,500 | €1,500 | = | 0.0% |
| Stocks | 30/36 | €1,500 | €1,500 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €69,409 | €68,941 | -€469 | -0.7% |
| Trade receivables | 40 | €15,135 | €8,054 | -€7,081 | -46.8% |
| Other amounts receivable | 41 | €54,274 | €60,887 | +€6,613 | +12.2% |
| Cash at bank and in hand | 54/58 | €69,914 | €91,267 | +€21,353 | +30.5% |
| Deferred charges and accrued income | 490/1 | €1,978 | €1,725 | -€253 | -12.8% |
| Total equity and liabilities | 10/49 | €187,130 | €200,319 | +€13,189 | +7.0% |
| Equity | 10/15 | €161,695 | €185,528 | +€23,833 | +14.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €143,095 | €166,928 | +€23,833 | +16.7% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €141,235 | €165,068 | +€23,833 | +16.9% |
| Amounts payable | 17/49 | €25,435 | €14,791 | -€10,644 | -41.8% |
| Amounts payable after more than one year | 17 | €5,976 | - | -€5,976 | |
| Financial debts | 170/4 | €5,976 | - | -€5,976 | |
| Amounts payable within one year | 42/48 | €19,459 | €14,752 | -€4,708 | -24.2% |
| Current portion of amounts payable after more than one year | 42 | €7,095 | €5,976 | -€1,119 | -15.8% |
| Trade debts | 44 | €1,708 | €1,321 | -€387 | -22.6% |
| Suppliers | 440/4 | €1,708 | €1,321 | -€387 | -22.6% |
| Taxes, remuneration and social security | 45 | €8,077 | €7,455 | -€622 | -7.7% |
| Taxes | 450/3 | €8,077 | €7,455 | -€622 | -7.7% |
| Other amounts payable | 47/48 | €2,580 | - | -€2,580 | |
| Accrued charges and deferred income | 492/3 | - | €40 | +€40 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,443 | €7,443 | = | 0.0% |
| Other operating charges | 640/8 | €691 | €555 | -€136 | -19.7% |
| Gross operating margin | 9900 | €34,904 | €42,536 | +€7,632 | +21.9% |
| Operating profit (loss) | 9901 | €26,770 | €34,538 | +€7,768 | +29.0% |
| Financial income | 75/76B | €934 | €0 | -€934 | -100.0% |
| Recurring financial income | 75 | €934 | €0 | -€934 | -100.0% |
| Financial charges | 65/66B | €401 | €266 | -€135 | -33.7% |
| Recurring financial charges | 65 | €401 | €266 | -€135 | -33.7% |
| Profit (loss) for the period before taxes | 9903 | €27,302 | €34,272 | +€6,969 | +25.5% |
| Income taxes | 67/77 | €7,577 | €10,439 | +€2,863 | +37.8% |
| Profit (loss) for the period | 9904 | €19,726 | €23,833 | +€4,107 | +20.8% |
| Profit (loss) for the period to be appropriated | 9905 | €19,726 | €23,833 | +€4,107 | +20.8% |
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 6 October 2026 via checked.be.