Mipaco ICT solutions: 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.
Mipaco ICT solutions
Largest movements
- Tangible fixed assets +€22,156
new in 2025: €22,156
- Receivables within one year -€13,842
down €13,842 (-59.0%), from €23,455 to €9,614
of which Trade receivables: -€7,701
- Cash -€9,078
down €9,078 (-71.9%), from €12,628 to €3,550
mainly Investment in fixed assets (net) (-€25,479) and Net result for the year (-€6,711)
- Stocks and contracts +€975
up €975 (+14.2%), from €6,870 to €7,845
- Profit (loss) carried forward -€6,711
down €6,711 (-13.5%), from -€49,747 to -€56,458
- Other debts +€5,243
up €5,243 (+257%), from €2,043 to €7,286
- Trade debts +€1,969
up €1,969 (+90.0%), from €2,188 to €4,156
- Gross operating margin -€9,053
down €9,053, from €7,609 to -€1,443
- Other operating charges -€5,081
down €5,081 (-90.1%), from €5,638 to €557
- Depreciation +€3,323
new in 2025: €3,323
- Write-downs -€3,000
no longer reported in 2025 (was €3,000)
- Financial income -€2,826
down €2,826 (-100.0%), from €2,826 to €0
of which Non-recurring financial income: -€2,826
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.
Derived cash bridge
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 | €43,002 | €43,164 | +€162 | +0.4% |
| Fixed assets | 21/28 | - | €22,156 | +€22,156 | |
| Tangible fixed assets | 22/27 | - | €22,156 | +€22,156 | |
| Furniture and vehicles | 24 | - | €22,156 | +€22,156 | |
| Current assets | 29/58 | €43,002 | €21,008 | -€21,994 | -51.1% |
| Stocks and contracts in progress | 3 | €6,870 | €7,845 | +€975 | +14.2% |
| Stocks | 30/36 | €6,870 | €7,845 | +€975 | +14.2% |
| Amounts receivable within one year | 40/41 | €23,455 | €9,614 | -€13,842 | -59.0% |
| Trade receivables | 40 | €15,387 | €7,686 | -€7,701 | -50.0% |
| Other amounts receivable | 41 | €8,068 | €1,927 | -€6,141 | -76.1% |
| Cash at bank and in hand | 54/58 | €12,628 | €3,550 | -€9,078 | -71.9% |
| Deferred charges and accrued income | 490/1 | €50 | - | -€50 | |
| Total equity and liabilities | 10/49 | €43,002 | €43,164 | +€162 | +0.4% |
| Equity | 10/15 | €38,253 | €31,542 | -€6,711 | -17.5% |
| Contributions | 10/11 | €30,000 | €30,000 | = | 0.0% |
| Reserves | 13 | €58,000 | €58,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €3,000 | - | -€3,000 | |
| Reserves not available under the articles | 1311 | €3,000 | - | -€3,000 | |
| Distributable reserves | 133 | €55,000 | €58,000 | +€3,000 | +5.5% |
| Profit (loss) carried forward | 14 | -€49,747 | -€56,458 | -€6,711 | -13.5% |
| Amounts payable | 17/49 | €4,750 | €11,623 | +€6,873 | +145% |
| Amounts payable within one year | 42/48 | €4,750 | €11,623 | +€6,873 | +145% |
| Trade debts | 44 | €2,188 | €4,156 | +€1,969 | +90.0% |
| Suppliers | 440/4 | €2,188 | €4,156 | +€1,969 | +90.0% |
| Taxes, remuneration and social security | 45 | €519 | €181 | -€339 | -65.2% |
| Taxes | 450/3 | €519 | €181 | -€339 | -65.2% |
| Other amounts payable | 47/48 | €2,043 | €7,286 | +€5,243 | +257% |
| Non-recurring operating income | 76A | - | €413 | +€413 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €3,323 | +€3,323 | |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €3,000 | - | -€3,000 | |
| Other operating charges | 640/8 | €5,638 | €557 | -€5,081 | -90.1% |
| Non-recurring operating charges | 66A | - | €500 | +€500 | |
| Gross operating margin | 9900 | €7,609 | -€1,443 | -€9,053 | |
| Operating profit (loss) | 9901 | -€1,029 | -€5,823 | -€4,795 | -466% |
| Financial income | 75/76B | €2,826 | €0 | -€2,826 | -100.0% |
| Recurring financial income | 75 | €2,826 | €0 | -€2,826 | -100.0% |
| Non-recurring financial income | 76B | €2,826 | - | -€2,826 | |
| Financial charges | 65/66B | €775 | €707 | -€68 | -8.8% |
| Recurring financial charges | 65 | €775 | €707 | -€68 | -8.8% |
| Profit (loss) for the period before taxes | 9903 | €1,023 | -€6,530 | -€7,553 | |
| Income taxes | 67/77 | €237 | €181 | -€56 | -23.7% |
| Profit (loss) for the period | 9904 | €786 | -€6,711 | -€7,497 | |
| Profit (loss) for the period to be appropriated | 9905 | €786 | -€6,711 | -€7,497 |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 November 2026 via checked.be.