MISANI INVEST: what changed
What changed
MISANI INVEST
filed annual accounts (NBB)
Net result for the year
-€6,111
2024 · -€7,526+€1,415
Equity
€406,256
2024 · €412,366-€6,111
Cash
€107,341
2024 · €95,290+€12,052
Balance sheet total
€583,081
2024 · €612,340-€29,260
Largest movements
Assets
- Current investments -€31,042
down €31,042 (-100%), from €31,042 to €0
- Cash +€12,052
up €12,052 (+12.6%), from €95,290 to €107,341
mainly Depreciation (+€44,642) and Current investments (+€31,042)
- Tangible fixed assets -€11,353
down €11,353 (-2.4%), from €471,948 to €460,595
of which Land and buildings: -€35,373
Equity and liabilities
- Debts after one year -€21,942
down €21,942 (-21.2%), from €103,478 to €81,536
Income statement
- Financial income +€6,236
up €6,236 (+665%), from €937 to €7,173
- Financial charges +€2,458
up €2,458 (+67.5%), from €3,643 to €6,101
- Depreciation +€2,288
up €2,288 (+5.4%), from €42,353 to €44,642
- Gross operating margin -€691
down €691 (-1.5%), from €46,279 to €45,588
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
-€7,526
Gross operating margin
-€691
Depreciation
-€2,288
Other operating charges
+€460
Financial income
+€6,236
Financial charges
-€2,458
Taxes
+€156
Result 2025
-€6,111
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€35,896
Investment
-€2,246
Financing
-€21,598
Cash 2024
€95,290
From operations (derived)
+€35,896
Net result for the year
-€6,111
Depreciation
+€44,642
Receivables within one year
-€12
Deferred charges and accrued income
-€1,072
Trade debts
+€742
Tax, wage and social debts
+€839
Other debts
-€3,131
Investment (derived)
-€2,246
Investment in fixed assets (net)
-€33,288
Current investments
+€31,042
Financing
-€21,598
Debts after one year
-€21,942
Current portion of long-term debt
+€344
Cash 2025
€107,341
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €612,340 | €583,081 | -€29,260 | -4.8% |
| Fixed assets | 21/28 | €483,948 | €472,595 | -€11,353 | -2.3% |
| Tangible fixed assets | 22/27 | €471,948 | €460,595 | -€11,353 | -2.4% |
| Land and buildings | 22 | €465,109 | €429,736 | -€35,373 | -7.6% |
| Plant, machinery and equipment | 23 | €5,736 | €2,916 | -€2,820 | -49.2% |
| Furniture and vehicles | 24 | €1,103 | €27,942 | +€26,839 | +2,434% |
| Financial fixed assets | 28 | €12,000 | €12,000 | = | 0.0% |
| Current assets | 29/58 | €128,392 | €110,486 | -€17,906 | -13.9% |
| Amounts receivable within one year | 40/41 | €381 | €394 | +€12 | +3.3% |
| Other amounts receivable | 41 | €381 | €394 | +€12 | +3.3% |
| Current investments | 50/53 | €31,042 | €0 | -€31,042 | -100% |
| Cash at bank and in hand | 54/58 | €95,290 | €107,341 | +€12,052 | +12.6% |
| Deferred charges and accrued income | 490/1 | €1,679 | €2,751 | +€1,072 | +63.8% |
| Total equity and liabilities | 10/49 | €612,340 | €583,081 | -€29,260 | -4.8% |
| Equity | 10/15 | €412,366 | €406,256 | -€6,111 | -1.5% |
| Contributions | 10/11 | €62,500 | €62,500 | = | 0.0% |
| Capital | 10 | €62,500 | €62,500 | = | 0.0% |
| Issued capital | 100 | €62,500 | €62,500 | = | 0.0% |
| Reserves | 13 | €384,450 | €384,450 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,250 | €6,250 | = | 0.0% |
| Legal reserve | 130 | €6,250 | €6,250 | = | 0.0% |
| Distributable reserves | 133 | €378,200 | €378,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€34,584 | -€40,694 | -€6,111 | -17.7% |
| Amounts payable | 17/49 | €199,974 | €176,825 | -€23,149 | -11.6% |
| Amounts payable after more than one year | 17 | €103,478 | €81,536 | -€21,942 | -21.2% |
| Financial debts | 170/4 | €103,478 | €81,536 | -€21,942 | -21.2% |
| Amounts payable within one year | 42/48 | €96,496 | €95,289 | -€1,207 | -1.3% |
| Current portion of amounts payable after more than one year | 42 | €21,598 | €21,942 | +€344 | +1.6% |
| Trade debts | 44 | €2,286 | €3,028 | +€742 | +32.4% |
| Suppliers | 440/4 | €2,286 | €3,028 | +€742 | +32.4% |
| Taxes, remuneration and social security | 45 | €324 | €1,163 | +€839 | +259% |
| Taxes | 450/3 | €324 | €1,163 | +€839 | +259% |
| Other amounts payable | 47/48 | €72,288 | €69,157 | -€3,131 | -4.3% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €42,353 | €44,642 | +€2,288 | +5.4% |
| Other operating charges | 640/8 | €8,746 | €8,286 | -€460 | -5.3% |
| Gross operating margin | 9900 | €46,279 | €45,588 | -€691 | -1.5% |
| Operating profit (loss) | 9901 | -€4,820 | -€7,339 | -€2,519 | -52.3% |
| Financial income | 75/76B | €937 | €7,173 | +€6,236 | +665% |
| Recurring financial income | 75 | €937 | €7,173 | +€6,236 | +665% |
| Financial charges | 65/66B | €3,643 | €6,101 | +€2,458 | +67.5% |
| Recurring financial charges | 65 | €3,643 | €6,101 | +€2,458 | +67.5% |
| Profit (loss) for the period before taxes | 9903 | -€7,526 | -€6,267 | +€1,259 | +16.7% |
| Income taxes | 67/77 | €0 | -€156 | -€156 | |
| Profit (loss) for the period | 9904 | -€7,526 | -€6,111 | +€1,415 | +18.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€7,526 | -€6,111 | +€1,415 | +18.8% |
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.