Miso-dent: 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.
Miso-dent
Largest movements
- Cash -€316,715
down €316,715 (-48.4%), from €653,739 to €337,023
mainly Contributions, distributions and other (-€470,588) and Other debts (-€329,399)
- Current investments +€121,342
up €121,342 (+52.5%), from €231,150 to €352,492
- Tangible fixed assets -€118,696
down €118,696 (-6.1%), from €1.9m to €1.8m
of which Other tangible fixed assets: -€97,715
- Other debts -€329,399
down €329,399 (-41.2%), from €800,000 to €470,601
- Reserves +€119,516
up €119,516 (+33.5%), from €356,559 to €476,075
- Trade debts -€58,352
down €58,352 (-84.1%), from €69,417 to €11,065
- Debts after one year -€39,344
down €39,344 (-2.8%), from €1.4m to €1.4m
- Gross operating margin +€177,924
up €177,924 (+15.6%), from €1.1m to €1.3m
- Staff costs +€67,653
up €67,653 (+31.2%), from €216,509 to €284,162
- Depreciation +€28,640
up €28,640 (+12.8%), from €223,741 to €252,381
- Taxes -€23,797
down €23,797 (-15.3%), from €155,939 to €132,142
- Financial charges +€14,520
up €14,520 (+29.6%), from €49,029 to €63,548
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 | €2,835,712 | €2,537,521 | -€298,192 | -10.5% |
| Fixed assets | 21/28 | €1,937,923 | €1,817,687 | -€120,236 | -6.2% |
| Intangible fixed assets | 21 | €1,540 | - | -€1,540 | |
| Tangible fixed assets | 22/27 | €1,936,383 | €1,817,687 | -€118,696 | -6.1% |
| Land and buildings | 22 | €994,068 | €984,587 | -€9,481 | -1.0% |
| Plant, machinery and equipment | 23 | €231,579 | €197,067 | -€34,512 | -14.9% |
| Furniture and vehicles | 24 | €46,121 | €69,132 | +€23,011 | +49.9% |
| Other tangible fixed assets | 26 | €664,615 | €566,901 | -€97,715 | -14.7% |
| Current assets | 29/58 | €897,789 | €719,833 | -€177,956 | -19.8% |
| Amounts receivable within one year | 40/41 | €12,901 | €30,318 | +€17,418 | +135.0% |
| Trade receivables | 40 | - | €702 | +€702 | |
| Other amounts receivable | 41 | €12,901 | €29,617 | +€16,716 | +129.6% |
| Current investments | 50/53 | €231,150 | €352,492 | +€121,342 | +52.5% |
| Cash at bank and in hand | 54/58 | €653,739 | €337,023 | -€316,715 | -48.4% |
| Total equity and liabilities | 10/49 | €2,835,712 | €2,537,521 | -€298,192 | -10.5% |
| Equity | 10/15 | €375,159 | €494,675 | +€119,516 | +31.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €356,559 | €476,075 | +€119,516 | +33.5% |
| Distributable reserves | 133 | €356,559 | €476,075 | +€119,516 | +33.5% |
| Amounts payable | 17/49 | €2,460,553 | €2,042,846 | -€417,707 | -17.0% |
| Amounts payable after more than one year | 17 | €1,422,261 | €1,382,917 | -€39,344 | -2.8% |
| Financial debts | 170/4 | €1,422,261 | €1,382,917 | -€39,344 | -2.8% |
| Amounts payable within one year | 42/48 | €1,038,292 | €659,929 | -€378,363 | -36.4% |
| Current portion of amounts payable after more than one year | 42 | €100,660 | €100,260 | -€400 | -0.4% |
| Financial debts | 43 | €50,000 | €50,000 | = | 0.0% |
| Credit institutions | 430/8 | €50,000 | €50,000 | = | 0.0% |
| Trade debts | 44 | €69,417 | €11,065 | -€58,352 | -84.1% |
| Suppliers | 440/4 | €69,417 | €11,065 | -€58,352 | -84.1% |
| Taxes, remuneration and social security | 45 | €18,216 | €28,004 | +€9,788 | +53.7% |
| Taxes | 450/3 | - | €2,694 | +€2,694 | |
| Remuneration and social security | 454/9 | €18,216 | €25,310 | +€7,094 | +38.9% |
| Other amounts payable | 47/48 | €800,000 | €470,601 | -€329,399 | -41.2% |
| Remuneration, social security and pensions | 62 | €216,509 | €284,162 | +€67,653 | +31.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €223,741 | €252,381 | +€28,640 | +12.8% |
| Other operating charges | 640/8 | €3,494 | €3,761 | +€268 | +7.7% |
| Gross operating margin | 9900 | €1,144,141 | €1,322,065 | +€177,924 | +15.6% |
| Operating profit (loss) | 9901 | €700,397 | €781,760 | +€81,363 | +11.6% |
| Financial income | 75/76B | €2,623 | €4,034 | +€1,411 | +53.8% |
| Recurring financial income | 75 | €2,623 | €4,034 | +€1,411 | +53.8% |
| Financial charges | 65/66B | €49,029 | €63,548 | +€14,520 | +29.6% |
| Recurring financial charges | 65 | €49,029 | €63,548 | +€14,520 | +29.6% |
| Profit (loss) for the period before taxes | 9903 | €653,992 | €722,246 | +€68,254 | +10.4% |
| Income taxes | 67/77 | €155,939 | €132,142 | -€23,797 | -15.3% |
| Profit (loss) for the period | 9904 | €498,053 | €590,104 | +€92,051 | +18.5% |
| Profit (loss) for the period to be appropriated | 9905 | €498,053 | €590,104 | +€92,051 | +18.5% |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.