MISENVALEURS: what changed
MISENVALEURS
Largest movements
- Cash +€6,680
up €6,680 (+24.8%), from €26,964 to €33,644
mainly Net result for the year (+€5,246) and Other debts (+€3,952)
- Tangible fixed assets +€1,916
up €1,916 (+50.0%), from €3,832 to €5,748
of which Plant, machinery and equipment: +€2,300
- Deferred charges and accrued income +€1,269
up €1,269 (+157%), from €808 to €2,078
- Receivables within one year -€1,080
down €1,080 (-9.8%), from €11,017 to €9,936
of which Trade receivables: -€1,790
- Profit (loss) carried forward +€5,246
up €5,246 (+1,100%), from €477 to €5,722
- Other debts +€3,952
up €3,952 (+25.9%), from €15,244 to €19,196
- Trade debts -€1,534
down €1,534 (-19.1%), from €8,049 to €6,514
- Tax, wage and social debts +€1,122
up €1,122 (+19.8%), from €5,652 to €6,774
- Gross operating margin -€2,313
down €2,313 (-14.8%), from €15,591 to €13,278
- Taxes -€1,732
down €1,732 (-31.8%), from €5,448 to €3,717
- Financial charges +€915
up €915 (+803%), from €114 to €1,029
of which Non-recurring financial charges: +€869
- Other operating charges +€474
up €474 (+30.1%), from €1,577 to €2,051
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 | €42,621 | €51,406 | +€8,785 | +20.6% |
| Fixed assets | 21/28 | €3,832 | €5,748 | +€1,916 | +50.0% |
| Tangible fixed assets | 22/27 | €3,832 | €5,748 | +€1,916 | +50.0% |
| Plant, machinery and equipment | 23 | - | €2,300 | +€2,300 | |
| Furniture and vehicles | 24 | €3,832 | €3,448 | -€383 | -10.0% |
| Current assets | 29/58 | €38,790 | €45,658 | +€6,869 | +17.7% |
| Amounts receivable within one year | 40/41 | €11,017 | €9,936 | -€1,080 | -9.8% |
| Trade receivables | 40 | €11,017 | €9,227 | -€1,790 | -16.2% |
| Other amounts receivable | 41 | - | €709 | +€709 | |
| Cash at bank and in hand | 54/58 | €26,964 | €33,644 | +€6,680 | +24.8% |
| Deferred charges and accrued income | 490/1 | €808 | €2,078 | +€1,269 | +157% |
| Total equity and liabilities | 10/49 | €42,621 | €51,406 | +€8,785 | +20.6% |
| Equity | 10/15 | €13,677 | €18,922 | +€5,246 | +38.4% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €7,000 | €7,000 | = | 0.0% |
| Distributable reserves | 133 | €7,000 | €7,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €477 | €5,722 | +€5,246 | +1,100% |
| Amounts payable | 17/49 | €28,945 | €32,484 | +€3,539 | +12.2% |
| Amounts payable within one year | 42/48 | €28,945 | €32,484 | +€3,539 | +12.2% |
| Trade debts | 44 | €8,049 | €6,514 | -€1,534 | -19.1% |
| Suppliers | 440/4 | €8,049 | €6,514 | -€1,534 | -19.1% |
| Taxes, remuneration and social security | 45 | €5,652 | €6,774 | +€1,122 | +19.8% |
| Taxes | 450/3 | €5,652 | €6,774 | +€1,122 | +19.8% |
| Other amounts payable | 47/48 | €15,244 | €19,196 | +€3,952 | +25.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,141 | €1,235 | +€94 | +8.3% |
| Other operating charges | 640/8 | €1,577 | €2,051 | +€474 | +30.1% |
| Gross operating margin | 9900 | €15,591 | €13,278 | -€2,313 | -14.8% |
| Operating profit (loss) | 9901 | €12,873 | €9,991 | -€2,882 | -22.4% |
| Financial charges | 65/66B | €114 | €1,029 | +€915 | +803% |
| Recurring financial charges | 65 | €114 | €159 | +€45 | +39.6% |
| Non-recurring financial charges | 66B | - | €869 | +€869 | |
| Profit (loss) for the period before taxes | 9903 | €12,759 | €8,962 | -€3,797 | -29.8% |
| Income taxes | 67/77 | €5,448 | €3,717 | -€1,732 | -31.8% |
| Profit (loss) for the period | 9904 | €7,311 | €5,246 | -€2,065 | -28.2% |
| Profit (loss) for the period to be appropriated | 9905 | €7,311 | €5,246 | -€2,065 | -28.2% |
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.