MIP TIMS: 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.
MIP TIMS
Largest movements
- Tangible fixed assets -€32,195
down €32,195 (-43.8%), from €73,509 to €41,313
of which Furniture and vehicles: -€34,091
- Deferred charges and accrued income +€8,073
up €8,073 (+62.6%), from €12,889 to €20,962
- Debts after one year -€34,183
down €34,183 (-48.7%), from €70,120 to €35,937
- Trade debts +€4,317
up €4,317 (+250.8%), from €1,721 to €6,038
- Advances received +€3,400
new in 2025: €3,400
- Profit (loss) carried forward +€1,295
up €1,295 (+53.1%), from €2,438 to €3,733
- Gross operating margin +€7,700
up €7,700 (+65.1%), from €11,820 to €19,520
- Depreciation +€5,612
up €5,612 (+135.8%), from €4,133 to €9,745
- Financial charges +€1,264
up €1,264 (+67.1%), from €1,884 to €3,149
- Other operating charges +€1,241
up €1,241 (+131.4%), from €944 to €2,185
- Taxes +€708
up €708 (+52.3%), from €1,353 to €2,060
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 | €112,244 | €86,431 | -€25,812 | -23.0% |
| Fixed assets | 21/28 | €73,509 | €41,313 | -€32,195 | -43.8% |
| Tangible fixed assets | 22/27 | €73,509 | €41,313 | -€32,195 | -43.8% |
| Land and buildings | 22 | €773 | €2,930 | +€2,157 | +279.0% |
| Plant, machinery and equipment | 23 | €262 | €0 | -€262 | -100.0% |
| Furniture and vehicles | 24 | €72,474 | €38,383 | -€34,091 | -47.0% |
| Other tangible fixed assets | 26 | €0 | - | = | |
| Current assets | 29/58 | €38,735 | €45,118 | +€6,383 | +16.5% |
| Amounts receivable within one year | 40/41 | €22,660 | €21,767 | -€893 | -3.9% |
| Trade receivables | 40 | - | €16,000 | +€16,000 | |
| Other amounts receivable | 41 | €22,660 | €5,767 | -€16,893 | -74.5% |
| Cash at bank and in hand | 54/58 | €3,185 | €2,389 | -€796 | -25.0% |
| Deferred charges and accrued income | 490/1 | €12,889 | €20,962 | +€8,073 | +62.6% |
| Total equity and liabilities | 10/49 | €112,244 | €86,431 | -€25,812 | -23.0% |
| Equity | 10/15 | €21,038 | €22,333 | +€1,295 | +6.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | €2,438 | €3,733 | +€1,295 | +53.1% |
| Amounts payable | 17/49 | €91,206 | €64,099 | -€27,107 | -29.7% |
| Amounts payable after more than one year | 17 | €70,120 | €35,937 | -€34,183 | -48.7% |
| Financial debts | 170/4 | €70,120 | €35,937 | -€34,183 | -48.7% |
| Amounts payable within one year | 42/48 | €21,085 | €28,161 | +€7,076 | +33.6% |
| Current portion of amounts payable after more than one year | 42 | €9,994 | €10,156 | +€163 | +1.6% |
| Trade debts | 44 | €1,721 | €6,038 | +€4,317 | +250.8% |
| Suppliers | 440/4 | €1,721 | €6,038 | +€4,317 | +250.8% |
| Advances received on contracts in progress | 46 | - | €3,400 | +€3,400 | |
| Taxes, remuneration and social security | 45 | €9,371 | €8,567 | -€803 | -8.6% |
| Taxes | 450/3 | €9,371 | €8,567 | -€803 | -8.6% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,133 | €9,745 | +€5,612 | +135.8% |
| Other operating charges | 640/8 | €944 | €2,185 | +€1,241 | +131.4% |
| Non-recurring operating charges | 66A | €2,893 | €1,754 | -€1,139 | -39.4% |
| Gross operating margin | 9900 | €11,820 | €19,520 | +€7,700 | +65.1% |
| Operating profit (loss) | 9901 | €3,850 | €5,836 | +€1,985 | +51.6% |
| Financial income | 75/76B | €572 | €668 | +€96 | +16.7% |
| Recurring financial income | 75 | €572 | €668 | +€96 | +16.7% |
| Financial charges | 65/66B | €1,884 | €3,149 | +€1,264 | +67.1% |
| Recurring financial charges | 65 | €1,884 | €3,149 | +€1,264 | +67.1% |
| Profit (loss) for the period before taxes | 9903 | €2,538 | €3,355 | +€817 | +32.2% |
| Income taxes | 67/77 | €1,353 | €2,060 | +€708 | +52.3% |
| Profit (loss) for the period | 9904 | €1,186 | €1,295 | +€109 | +9.2% |
| Profit (loss) for the period to be appropriated | 9905 | €1,186 | €1,295 | +€109 | +9.2% |
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.