MISE-AU-NET: what changed
MISE-AU-NET
Largest movements
- Cash +€19,692
up €19,692 (+115%), from €17,153 to €36,846
mainly Net result for the year (+€17,596) and Receivables within one year (+€7,918)
- Receivables within one year -€7,918
down €7,918 (-57.5%), from €13,780 to €5,862
of which Other amounts receivable: -€7,312
- Reserves +€14,853
up €14,853 (+51.6%), from €28,783 to €43,636
- Tax, wage and social debts -€2,977
down €2,977 (-49.9%), from €5,962 to €2,986
- Turnover +€36,313
new in 2025: €36,313
- Purchases and services -€1,520
down €1,520 (-11.3%), from €13,393 to €11,873
- Gross operating margin +€1,016
up €1,016 (+4.0%), from €25,156 to €26,172
- Depreciation -€930
down €930 (-72.7%), from €1,278 to €349
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €65,298 | €77,582 | +€12,284 | +18.8% |
| Fixed assets | 21/28 | €33,602 | €34,120 | +€518 | +1.5% |
| Tangible fixed assets | 22/27 | €33,602 | €34,120 | +€518 | +1.5% |
| Furniture and vehicles | 24 | €33,602 | €34,120 | +€518 | +1.5% |
| Current assets | 29/58 | €31,696 | €43,462 | +€11,766 | +37.1% |
| Amounts receivable within one year | 40/41 | €13,780 | €5,862 | -€7,918 | -57.5% |
| Trade receivables | 40 | €6,288 | €5,682 | -€606 | -9.6% |
| Other amounts receivable | 41 | €7,493 | €181 | -€7,312 | -97.6% |
| Cash at bank and in hand | 54/58 | €17,153 | €36,846 | +€19,692 | +115% |
| Deferred charges and accrued income | 490/1 | €762 | €754 | -€9 | -1.2% |
| Total equity and liabilities | 10/49 | €65,298 | €77,582 | +€12,284 | +18.8% |
| Equity | 10/15 | €59,024 | €73,620 | +€14,596 | +24.7% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €28,783 | €43,636 | +€14,853 | +51.6% |
| Distributable reserves | 133 | €28,783 | €43,636 | +€14,853 | +51.6% |
| Profit (loss) carried forward | 14 | €27,241 | €26,983 | -€258 | -0.9% |
| Amounts payable | 17/49 | €6,274 | €3,962 | -€2,312 | -36.8% |
| Amounts payable within one year | 42/48 | €6,274 | €3,962 | -€2,312 | -36.8% |
| Trade debts | 44 | €165 | €329 | +€165 | +100% |
| Suppliers | 440/4 | €165 | €329 | +€165 | +100% |
| Taxes, remuneration and social security | 45 | €5,962 | €2,986 | -€2,977 | -49.9% |
| Taxes | 450/3 | €5,962 | €2,986 | -€2,977 | -49.9% |
| Other amounts payable | 47/48 | €147 | €647 | +€500 | +341% |
| Turnover | 70 | - | €36,313 | +€36,313 | |
| Non-recurring operating income | 76A | - | €83 | +€83 | |
| Goods, raw materials, services and sundry goods | 60/61 | €13,393 | €11,873 | -€1,520 | -11.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,278 | €349 | -€930 | -72.7% |
| Other operating charges | 640/8 | €100 | €116 | +€16 | +16.5% |
| Gross operating margin | 9900 | €25,156 | €26,172 | +€1,016 | +4.0% |
| Operating profit (loss) | 9901 | €23,777 | €25,707 | +€1,929 | +8.1% |
| Financial income | 75/76B | €15 | - | -€15 | |
| Recurring financial income | 75 | €15 | - | -€15 | |
| Financial charges | 65/66B | €152 | €165 | +€12 | +7.9% |
| Recurring financial charges | 65 | €152 | €165 | +€12 | +7.9% |
| Profit (loss) for the period before taxes | 9903 | €23,640 | €25,542 | +€1,902 | +8.0% |
| Income taxes | 67/77 | €7,691 | €7,947 | +€255 | +3.3% |
| Profit (loss) for the period | 9904 | €15,949 | €17,596 | +€1,647 | +10.3% |
| Profit (loss) for the period to be appropriated | 9905 | €15,949 | €17,596 | +€1,647 | +10.3% |
Next steps
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.