MIPLO: 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.
MIPLO
Largest movements
- Cash +€12,735
up €12,735 (+393.3%), from €3,238 to €15,973
mainly Net result for the year (+€13,755) and Depreciation (+€11,326)
- Tangible fixed assets -€9,625
down €9,625 (-39.7%), from €24,230 to €14,605
of which Furniture and vehicles: -€11,352
- Receivables within one year +€5,099
up €5,099 (+25.2%), from €20,199 to €25,297
of which Other amounts receivable: +€3,000
- Deferred charges and accrued income -€838
down €838 (-100.0%), from €838 to €0
- Profit (loss) carried forward +€13,755
up €13,755, from -€3,761 to €9,995
- Current portion of long-term debt -€4,902
down €4,902 (-100.0%), from €4,902 to €0
- Other debts -€4,752
down €4,752 (-20.8%), from €22,869 to €18,117
- Tax, wage and social debts +€4,366
up €4,366 (+66.9%), from €6,531 to €10,897
- Trade debts -€1,162
down €1,162 (-86.1%), from €1,350 to €188
- Gross operating margin +€18,983
up €18,983 (+170.2%), from €11,155 to €30,138
- Depreciation -€4,252
down €4,252 (-27.3%), from €15,578 to €11,326
- Taxes +€3,583
up €3,583 (+1178.8%), from €304 to €3,887
- Other operating charges +€633
up €633 (+2100.6%), from €30 to €663
- Financial charges -€376
down €376 (-41.8%), from €900 to €524
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 | €50,876 | €57,796 | +€6,921 | +13.6% |
| Fixed assets | 21/28 | €26,601 | €16,527 | -€10,075 | -37.9% |
| Intangible fixed assets | 21 | €2,121 | €1,671 | -€450 | -21.2% |
| Tangible fixed assets | 22/27 | €24,230 | €14,605 | -€9,625 | -39.7% |
| Plant, machinery and equipment | 23 | - | €2,526 | +€2,526 | |
| Furniture and vehicles | 24 | €19,724 | €8,372 | -€11,352 | -57.6% |
| Other tangible fixed assets | 26 | €4,506 | €3,708 | -€798 | -17.7% |
| Financial fixed assets | 28 | €250 | €250 | = | 0.0% |
| Current assets | 29/58 | €24,274 | €41,270 | +€16,995 | +70.0% |
| Amounts receivable within one year | 40/41 | €20,199 | €25,297 | +€5,099 | +25.2% |
| Trade receivables | 40 | €20,199 | €22,297 | +€2,099 | +10.4% |
| Other amounts receivable | 41 | - | €3,000 | +€3,000 | |
| Cash at bank and in hand | 54/58 | €3,238 | €15,973 | +€12,735 | +393.3% |
| Deferred charges and accrued income | 490/1 | €838 | €0 | -€838 | -100.0% |
| Total equity and liabilities | 10/49 | €50,876 | €57,796 | +€6,921 | +13.6% |
| Equity | 10/15 | €14,839 | €28,595 | +€13,755 | +92.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €0 | - | = | |
| Distributable reserves | 133 | €0 | - | = | |
| Profit (loss) carried forward | 14 | -€3,761 | €9,995 | +€13,755 | |
| Amounts payable | 17/49 | €36,036 | €29,202 | -€6,835 | -19.0% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €35,652 | €29,202 | -€6,450 | -18.1% |
| Current portion of amounts payable after more than one year | 42 | €4,902 | €0 | -€4,902 | -100.0% |
| Trade debts | 44 | €1,350 | €188 | -€1,162 | -86.1% |
| Suppliers | 440/4 | €1,350 | €188 | -€1,162 | -86.1% |
| Taxes, remuneration and social security | 45 | €6,531 | €10,897 | +€4,366 | +66.9% |
| Taxes | 450/3 | €6,531 | €10,897 | +€4,366 | +66.9% |
| Other amounts payable | 47/48 | €22,869 | €18,117 | -€4,752 | -20.8% |
| Accrued charges and deferred income | 492/3 | €384 | €0 | -€384 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,578 | €11,326 | -€4,252 | -27.3% |
| Other operating charges | 640/8 | €30 | €663 | +€633 | +2100.6% |
| Gross operating margin | 9900 | €11,155 | €30,138 | +€18,983 | +170.2% |
| Operating profit (loss) | 9901 | -€4,453 | €18,148 | +€22,601 | |
| Financial income | 75/76B | €37 | €19 | -€18 | -49.8% |
| Recurring financial income | 75 | €37 | €19 | -€18 | -49.8% |
| Financial charges | 65/66B | €900 | €524 | -€376 | -41.8% |
| Recurring financial charges | 65 | €900 | €524 | -€376 | -41.8% |
| Profit (loss) for the period before taxes | 9903 | -€5,317 | €17,642 | +€22,959 | |
| Income taxes | 67/77 | €304 | €3,887 | +€3,583 | +1178.8% |
| Profit (loss) for the period | 9904 | -€5,621 | €13,755 | +€19,376 | |
| Profit (loss) for the period to be appropriated | 9905 | -€5,621 | €13,755 | +€19,376 |
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 5 October 2026 via checked.be.