MISO: what changed
Two financial 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.
MISO
Largest movements
- Receivables within one year +€69,002
up €69,002 (+309%), from €22,334 to €91,336
of which Other amounts receivable: +€44,751
- Cash -€42,202
down €42,202 (-91.1%), from €46,350 to €4,148
mainly Receivables within one year (-€69,002) and Trade debts (-€9,545)
- Deferred charges and accrued income -€1,012
no longer reported in 2025 (was €1,012)
- Tax, wage and social debts +€17,100
up €17,100 (+223%), from €7,671 to €24,771
- Profit (loss) carried forward +€10,664
up €10,664, from -€5,664 to €5,000
- Trade debts -€9,545
down €9,545 (-35.6%), from €26,847 to €17,302
- Reserves +€7,491
up €7,491 (+33.6%), from €22,320 to €29,811
- Gross operating margin +€17,261
up €17,261 (+152%), from €11,351 to €28,612
- Taxes +€5,584
up €5,584 (+183%), from €3,047 to €8,631
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.
Derived cash bridge
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 | €69,774 | €95,483 | +€25,709 | +36.8% |
| Current assets | 29/58 | €69,774 | €95,483 | +€25,709 | +36.8% |
| Stocks and contracts in progress | 3 | €78 | - | -€78 | |
| Stocks | 30/36 | €78 | - | -€78 | |
| Amounts receivable within one year | 40/41 | €22,334 | €91,336 | +€69,002 | +309% |
| Trade receivables | 40 | - | €24,250 | +€24,250 | |
| Other amounts receivable | 41 | €22,334 | €67,085 | +€44,751 | +200% |
| Cash at bank and in hand | 54/58 | €46,350 | €4,148 | -€42,202 | -91.1% |
| Deferred charges and accrued income | 490/1 | €1,012 | - | -€1,012 | |
| Total equity and liabilities | 10/49 | €69,774 | €95,483 | +€25,709 | +36.8% |
| Equity | 10/15 | €35,256 | €53,411 | +€18,155 | +51.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Contributions outside capital | 11 | €18,600 | €18,600 | = | 0.0% |
| Other | 1109/19 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €22,320 | €29,811 | +€7,491 | +33.6% |
| Distributable reserves | 133 | €22,320 | €29,811 | +€7,491 | +33.6% |
| Profit (loss) carried forward | 14 | -€5,664 | €5,000 | +€10,664 | |
| Amounts payable | 17/49 | €34,518 | €42,073 | +€7,554 | +21.9% |
| Amounts payable within one year | 42/48 | €34,518 | €42,073 | +€7,554 | +21.9% |
| Trade debts | 44 | €26,847 | €17,302 | -€9,545 | -35.6% |
| Suppliers | 440/4 | €26,847 | €17,302 | -€9,545 | -35.6% |
| Taxes, remuneration and social security | 45 | €7,671 | €24,771 | +€17,100 | +223% |
| Taxes | 450/3 | €7,671 | €24,771 | +€17,100 | +223% |
| Other operating charges | 640/8 | €2,666 | €2,712 | +€46 | +1.7% |
| Gross operating margin | 9900 | €11,351 | €28,612 | +€17,261 | +152% |
| Operating profit (loss) | 9901 | €8,685 | €25,900 | +€17,215 | +198% |
| Financial income | 75/76B | €1,868 | €1,694 | -€174 | -9.3% |
| Recurring financial income | 75 | €1,868 | €1,694 | -€174 | -9.3% |
| Financial charges | 65/66B | €800 | €808 | +€7 | +0.9% |
| Recurring financial charges | 65 | €800 | €808 | +€7 | +0.9% |
| Profit (loss) for the period before taxes | 9903 | €9,753 | €26,786 | +€17,033 | +175% |
| Income taxes | 67/77 | €3,047 | €8,631 | +€5,584 | +183% |
| Profit (loss) for the period | 9904 | €6,706 | €18,155 | +€11,449 | +171% |
| Profit (loss) for the period to be appropriated | 9905 | €6,706 | €18,155 | +€11,449 | +171% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.