MIPOZO: 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.
MIPOZO
Largest movements
- Tangible fixed assets -€13,356
down €13,356 (-21.2%), from €63,016 to €49,660
of which Furniture and vehicles: -€11,379
- Cash +€13,180
up €13,180 (+6819.3%), from €193 to €13,374
mainly Depreciation (+€15,448) and Other debts (+€8,506)
- Receivables within one year -€1,531
down €1,531 (-20.6%), from €7,417 to €5,886
of which Trade receivables: -€1,381
- Debts after one year -€12,009
no longer reported in 2025 (was €12,009)
- Other debts +€8,506
up €8,506 (+53.7%), from €15,829 to €24,335
- Profit (loss) carried forward +€3,113
up €3,113 (+92.2%), from -€3,377 to -€264
- Current portion of long-term debt -€1,854
down €1,854 (-13.4%), from €13,863 to €12,009
- Accrued charges and deferred income +€1,601
up €1,601 (+92.8%), from €1,725 to €3,326
- Gross operating margin +€7,877
up €7,877 (+54.7%), from €14,391 to €22,268
- Financial charges +€841
up €841 (+45.2%), from €1,860 to €2,701
- Depreciation +€773
up €773 (+5.3%), from €14,675 to €15,448
- Other operating charges -€230
down €230 (-20.8%), from €1,106 to €876
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 | €71,501 | €69,868 | -€1,633 | -2.3% |
| Fixed assets | 21/28 | €63,016 | €49,660 | -€13,356 | -21.2% |
| Tangible fixed assets | 22/27 | €63,016 | €49,660 | -€13,356 | -21.2% |
| Land and buildings | 22 | €9,403 | €7,708 | -€1,695 | -18.0% |
| Plant, machinery and equipment | 23 | €758 | €586 | -€172 | -22.6% |
| Furniture and vehicles | 24 | €43,853 | €32,474 | -€11,379 | -25.9% |
| Other tangible fixed assets | 26 | €9,002 | €8,892 | -€110 | -1.2% |
| Current assets | 29/58 | €8,485 | €20,209 | +€11,723 | +138.2% |
| Amounts receivable within one year | 40/41 | €7,417 | €5,886 | -€1,531 | -20.6% |
| Trade receivables | 40 | €7,027 | €5,646 | -€1,381 | -19.7% |
| Other amounts receivable | 41 | €389 | €240 | -€149 | -38.3% |
| Cash at bank and in hand | 54/58 | €193 | €13,374 | +€13,180 | +6819.3% |
| Deferred charges and accrued income | 490/1 | €876 | €949 | +€74 | +8.4% |
| Total equity and liabilities | 10/49 | €71,501 | €69,868 | -€1,633 | -2.3% |
| Equity | 10/15 | €23,058 | €26,171 | +€3,113 | +13.5% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Reserves | 13 | €1,435 | €1,435 | = | 0.0% |
| Distributable reserves | 133 | €1,435 | €1,435 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€3,377 | -€264 | +€3,113 | +92.2% |
| Amounts payable | 17/49 | €48,443 | €43,697 | -€4,746 | -9.8% |
| Amounts payable after more than one year | 17 | €12,009 | - | -€12,009 | |
| Financial debts | 170/4 | €12,009 | - | -€12,009 | |
| Amounts payable within one year | 42/48 | €34,709 | €40,372 | +€5,663 | +16.3% |
| Current portion of amounts payable after more than one year | 42 | €13,863 | €12,009 | -€1,854 | -13.4% |
| Financial debts | 43 | €338 | €99 | -€239 | -70.7% |
| Credit institutions | 430/8 | €338 | €99 | -€239 | -70.7% |
| Trade debts | 44 | €1,244 | €938 | -€306 | -24.6% |
| Suppliers | 440/4 | €1,244 | €938 | -€306 | -24.6% |
| Taxes, remuneration and social security | 45 | €3,434 | €2,990 | -€444 | -12.9% |
| Taxes | 450/3 | €3,434 | €2,990 | -€444 | -12.9% |
| Other amounts payable | 47/48 | €15,829 | €24,335 | +€8,506 | +53.7% |
| Accrued charges and deferred income | 492/3 | €1,725 | €3,326 | +€1,601 | +92.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,675 | €15,448 | +€773 | +5.3% |
| Other operating charges | 640/8 | €1,106 | €876 | -€230 | -20.8% |
| Gross operating margin | 9900 | €14,391 | €22,268 | +€7,877 | +54.7% |
| Operating profit (loss) | 9901 | -€1,391 | €5,944 | +€7,334 | |
| Financial income | 75/76B | €1 | €3 | +€2 | +105.4% |
| Recurring financial income | 75 | €1 | €3 | +€2 | +105.4% |
| Financial charges | 65/66B | €1,860 | €2,701 | +€841 | +45.2% |
| Recurring financial charges | 65 | €1,860 | €2,701 | +€841 | +45.2% |
| Profit (loss) for the period before taxes | 9903 | -€3,249 | €3,245 | +€6,495 | |
| Income taxes | 67/77 | €128 | €132 | +€4 | +3.1% |
| Profit (loss) for the period | 9904 | -€3,377 | €3,113 | +€6,491 | |
| Profit (loss) for the period to be appropriated | 9905 | -€3,377 | €3,113 | +€6,491 |
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 2 October 2026 via checked.be.