MiSc GI: 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.
MiSc GI
Largest movements
- Cash -€85,887
down €85,887 (-65.3%), from €131,604 to €45,717
mainly Contributions, distributions and other (-€447,173) and Receivables within one year (-€44,509)
- Receivables within one year +€44,509
up €44,509 (+2945.1%), from €1,511 to €46,020
of which Other amounts receivable: +€44,548
- Deferred charges and accrued income -€15,023
down €15,023 (-9.6%), from €155,916 to €140,893
- Reserves -€248,177
no longer reported in 2025 (was €248,177)
- Other debts +€197,883
up €197,883 (+13178.7%), from €1,502 to €199,385
- Tax, wage and social debts -€6,051
down €6,051 (-11.9%), from €50,964 to €44,914
- Gross operating margin +€44,149
up €44,149 (+19.5%), from €226,357 to €270,505
- Taxes +€13,949
up €13,949 (+27.4%), from €50,964 to €64,914
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 | €305,942 | €249,626 | -€56,316 | -18.4% |
| Fixed assets | 21/28 | €16,911 | €16,996 | +€85 | +0.5% |
| Tangible fixed assets | 22/27 | €16,811 | €16,896 | +€85 | +0.5% |
| Plant, machinery and equipment | 23 | €14,273 | €10,103 | -€4,170 | -29.2% |
| Furniture and vehicles | 24 | €2,538 | €6,793 | +€4,255 | +167.7% |
| Financial fixed assets | 28 | €100 | €100 | = | 0.0% |
| Current assets | 29/58 | €289,032 | €232,630 | -€56,401 | -19.5% |
| Amounts receivable within one year | 40/41 | €1,511 | €46,020 | +€44,509 | +2945.1% |
| Trade receivables | 40 | €1,511 | €1,472 | -€39 | -2.6% |
| Other amounts receivable | 41 | - | €44,548 | +€44,548 | |
| Cash at bank and in hand | 54/58 | €131,604 | €45,717 | -€85,887 | -65.3% |
| Deferred charges and accrued income | 490/1 | €155,916 | €140,893 | -€15,023 | -9.6% |
| Total equity and liabilities | 10/49 | €305,942 | €249,626 | -€56,316 | -18.4% |
| Equity | 10/15 | €251,177 | €3,000 | -€248,177 | -98.8% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €248,177 | - | -€248,177 | |
| Distributable reserves | 133 | €248,177 | - | -€248,177 | |
| Amounts payable | 17/49 | €54,766 | €246,626 | +€191,860 | +350.3% |
| Amounts payable within one year | 42/48 | €54,766 | €246,626 | +€191,860 | +350.3% |
| Trade debts | 44 | €2,300 | €2,328 | +€28 | +1.2% |
| Suppliers | 440/4 | €2,300 | €2,328 | +€28 | +1.2% |
| Taxes, remuneration and social security | 45 | €50,964 | €44,914 | -€6,051 | -11.9% |
| Taxes | 450/3 | €50,964 | €44,914 | -€6,051 | -11.9% |
| Other amounts payable | 47/48 | €1,502 | €199,385 | +€197,883 | +13178.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,026 | €5,927 | -€99 | -1.6% |
| Other operating charges | 640/8 | €236 | €842 | +€606 | +256.7% |
| Gross operating margin | 9900 | €226,357 | €270,505 | +€44,149 | +19.5% |
| Operating profit (loss) | 9901 | €220,094 | €263,736 | +€43,642 | +19.8% |
| Financial income | 75/76B | - | €1,194 | +€1,194 | |
| Recurring financial income | 75 | - | €1,194 | +€1,194 | |
| Financial charges | 65/66B | €1,232 | €1,020 | -€212 | -17.2% |
| Recurring financial charges | 65 | €1,232 | €1,020 | -€212 | -17.2% |
| Profit (loss) for the period before taxes | 9903 | €218,862 | €263,910 | +€45,048 | +20.6% |
| Income taxes | 67/77 | €50,964 | €64,914 | +€13,949 | +27.4% |
| Profit (loss) for the period | 9904 | €167,898 | €198,997 | +€31,098 | +18.5% |
| Profit (loss) for the period to be appropriated | 9905 | €167,898 | €198,997 | +€31,098 | +18.5% |
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 29 September 2026 via checked.be.