MIMO 44: 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.
MIMO 44
Largest movements
- Receivables within one year -€19,772
down €19,772 (-15.3%), from €128,842 to €109,070
of which Trade receivables: -€16,592
- Cash +€7,734
up €7,734 (+81.5%), from €9,492 to €17,226
mainly Receivables within one year (+€19,772) and Depreciation (+€6,830)
- Tangible fixed assets -€6,830
down €6,830 (-81.3%), from €8,405 to €1,575
of which Furniture and vehicles: -€5,997
- Trade debts -€5,196
down €5,196 (-12.2%), from €42,575 to €37,380
- Current portion of long-term debt -€3,859
down €3,859 (-74.1%), from €5,206 to €1,346
- Other debts -€3,849
down €3,849 (-10.0%), from €38,322 to €34,473
- Reserves -€2,089
down €2,089 (-5.0%), from €42,120 to €40,032
- Gross operating margin -€23,083
down €23,083 (-18.1%), from €127,463 to €104,380
- Depreciation -€17,730
down €17,730 (-72.2%), from €24,560 to €6,830
- Other operating charges +€2,375
up €2,375 (+134.7%), from €1,764 to €4,139
- Staff costs -€1,353
down €1,353 (-1.4%), from €95,545 to €94,191
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 | €159,037 | €142,258 | -€16,779 | -10.6% |
| Fixed assets | 21/28 | €11,405 | €4,575 | -€6,830 | -59.9% |
| Intangible fixed assets | 21 | €0 | - | = | |
| Tangible fixed assets | 22/27 | €8,405 | €1,575 | -€6,830 | -81.3% |
| Plant, machinery and equipment | 23 | €995 | €162 | -€833 | -83.7% |
| Furniture and vehicles | 24 | €7,410 | €1,413 | -€5,997 | -80.9% |
| Financial fixed assets | 28 | €3,000 | €3,000 | = | 0.0% |
| Current assets | 29/58 | €147,632 | €137,683 | -€9,949 | -6.7% |
| Stocks and contracts in progress | 3 | €8,196 | €9,546 | +€1,350 | +16.5% |
| Stocks | 30/36 | €8,196 | €9,546 | +€1,350 | +16.5% |
| Amounts receivable within one year | 40/41 | €128,842 | €109,070 | -€19,772 | -15.3% |
| Trade receivables | 40 | €37,000 | €20,408 | -€16,592 | -44.8% |
| Other amounts receivable | 41 | €91,842 | €88,662 | -€3,180 | -3.5% |
| Cash at bank and in hand | 54/58 | €9,492 | €17,226 | +€7,734 | +81.5% |
| Deferred charges and accrued income | 490/1 | €1,101 | €1,841 | +€739 | +67.1% |
| Total equity and liabilities | 10/49 | €159,037 | €142,258 | -€16,779 | -10.6% |
| Equity | 10/15 | €62,120 | €60,032 | -€2,089 | -3.4% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €42,120 | €40,032 | -€2,089 | -5.0% |
| Distributable reserves | 133 | €42,120 | €40,032 | -€2,089 | -5.0% |
| Amounts payable | 17/49 | €96,917 | €82,227 | -€14,690 | -15.2% |
| Amounts payable after more than one year | 17 | €1,346 | €0 | -€1,346 | -100.0% |
| Financial debts | 170/4 | €1,346 | €0 | -€1,346 | -100.0% |
| Amounts payable within one year | 42/48 | €95,570 | €82,227 | -€13,343 | -14.0% |
| Current portion of amounts payable after more than one year | 42 | €5,206 | €1,346 | -€3,859 | -74.1% |
| Trade debts | 44 | €42,575 | €37,380 | -€5,196 | -12.2% |
| Suppliers | 440/4 | €42,575 | €37,380 | -€5,196 | -12.2% |
| Taxes, remuneration and social security | 45 | €9,467 | €9,028 | -€439 | -4.6% |
| Taxes | 450/3 | €4,763 | €1,260 | -€3,502 | -73.5% |
| Remuneration and social security | 454/9 | €4,704 | €7,768 | +€3,063 | +65.1% |
| Other amounts payable | 47/48 | €38,322 | €34,473 | -€3,849 | -10.0% |
| Remuneration, social security and pensions | 62 | €95,545 | €94,191 | -€1,353 | -1.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €24,560 | €6,830 | -€17,730 | -72.2% |
| Other operating charges | 640/8 | €1,764 | €4,139 | +€2,375 | +134.7% |
| Gross operating margin | 9900 | €127,463 | €104,380 | -€23,083 | -18.1% |
| Operating profit (loss) | 9901 | €5,594 | -€780 | -€6,375 | |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €997 | €429 | -€568 | -57.0% |
| Recurring financial charges | 65 | €997 | €429 | -€568 | -57.0% |
| Profit (loss) for the period before taxes | 9903 | €4,598 | -€1,209 | -€5,807 | |
| Income taxes | 67/77 | €1,932 | €880 | -€1,053 | -54.5% |
| Profit (loss) for the period | 9904 | €2,665 | -€2,089 | -€4,754 | |
| Profit (loss) for the period to be appropriated | 9905 | €2,665 | -€2,089 | -€4,754 |
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 11 October 2026 via checked.be.