Mipras: 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.
Mipras
Largest movements
- Cash -€6,891
down €6,891 (-13.7%), from €50,396 to €43,505
mainly Other debts (-€15,000) and Deferred charges and accrued income (-€2,608)
- Deferred charges and accrued income +€2,608
up €2,608 (+187.3%), from €1,392 to €4,000
- Other debts -€15,000
no longer reported in 2025 (was €15,000)
- Reserves +€12,676
up €12,676 (+42.5%), from €29,815 to €42,491
of which Distributable reserves: +€12,676
- Trade debts -€1,271
down €1,271 (-78.2%), from €1,626 to €355
- Tax, wage and social debts -€917
down €917 (-43.7%), from €2,101 to €1,183
- Gross operating margin -€16,602
down €16,602 (-45.8%), from €36,283 to €19,682
- Taxes -€5,039
down €5,039 (-46.0%), from €10,955 to €5,915
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 | €54,742 | €50,229 | -€4,513 | -8.2% |
| Fixed assets | 21/28 | €791 | €265 | -€526 | -66.5% |
| Tangible fixed assets | 22/27 | €791 | €265 | -€526 | -66.5% |
| Plant, machinery and equipment | 23 | €791 | €265 | -€526 | -66.5% |
| Current assets | 29/58 | €53,951 | €49,964 | -€3,987 | -7.4% |
| Amounts receivable within one year | 40/41 | €2,163 | €2,459 | +€296 | +13.7% |
| Trade receivables | 40 | €2,118 | €2,329 | +€212 | +10.0% |
| Other amounts receivable | 41 | €45 | €130 | +€85 | +186.8% |
| Cash at bank and in hand | 54/58 | €50,396 | €43,505 | -€6,891 | -13.7% |
| Deferred charges and accrued income | 490/1 | €1,392 | €4,000 | +€2,608 | +187.3% |
| Total equity and liabilities | 10/49 | €54,742 | €50,229 | -€4,513 | -8.2% |
| Equity | 10/15 | €36,015 | €48,691 | +€12,676 | +35.2% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Outside capital | 11 | €6,200 | €6,200 | = | 0.0% |
| Other | 1109/19 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €29,815 | €42,491 | +€12,676 | +42.5% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Legal reserve | 130 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €27,955 | €40,631 | +€12,676 | +45.3% |
| Amounts payable | 17/49 | €18,727 | €1,538 | -€17,189 | -91.8% |
| Amounts payable within one year | 42/48 | €18,727 | €1,538 | -€17,189 | -91.8% |
| Trade debts | 44 | €1,626 | €355 | -€1,271 | -78.2% |
| Suppliers | 440/4 | €1,626 | €355 | -€1,271 | -78.2% |
| Taxes, remuneration and social security | 45 | €2,101 | €1,183 | -€917 | -43.7% |
| Taxes | 450/3 | €2,101 | €1,183 | -€917 | -43.7% |
| Other amounts payable | 47/48 | €15,000 | - | -€15,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €526 | €526 | = | 0.0% |
| Other operating charges | 640/8 | €505 | €520 | +€14 | +2.8% |
| Gross operating margin | 9900 | €36,283 | €19,682 | -€16,602 | -45.8% |
| Operating profit (loss) | 9901 | €35,253 | €18,637 | -€16,616 | -47.1% |
| Financial charges | 65/66B | €42 | €45 | +€3 | +6.3% |
| Recurring financial charges | 65 | €42 | €45 | +€3 | +6.3% |
| Profit (loss) for the period before taxes | 9903 | €35,210 | €18,592 | -€16,619 | -47.2% |
| Income taxes | 67/77 | €10,955 | €5,915 | -€5,039 | -46.0% |
| Profit (loss) for the period | 9904 | €24,255 | €12,676 | -€11,579 | -47.7% |
| Profit (loss) for the period to be appropriated | 9905 | €24,255 | €12,676 | -€11,579 | -47.7% |
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 7 October 2026 via checked.be.