MISOLA: 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.
MISOLA
Largest movements
- Tangible fixed assets -€16,966
down €16,966 (-9.2%), from €183,657 to €166,691
- Cash +€8,434
up €8,434 (+104.6%), from €8,063 to €16,497
mainly Other debts (+€29,566) and Net result for the year (+€13,762)
- Receivables within one year +€8,149
up €8,149 (+71.9%), from €11,334 to €19,483
- Stocks and contracts -€5,359
down €5,359 (-2.5%), from €213,869 to €208,510
- Other debts +€29,566
up €29,566 (+415.3%), from €7,119 to €36,685
- Trade debts -€29,156
down €29,156 (-42.7%), from €68,359 to €39,203
- Debts after one year -€24,597
down €24,597 (-14.0%), from €175,240 to €150,643
- Reserves +€13,762
up €13,762 (+25.5%), from €54,038 to €67,800
- Gross operating margin -€16,126
down €16,126 (-11.3%), from €142,649 to €126,523
- Financial charges -€13,991
down €13,991 (-60.5%), from €23,118 to €9,126
- Depreciation -€5,568
down €5,568 (-31.0%), from €17,942 to €12,374
- Staff costs +€4,703
up €4,703 (+5.4%), from €86,766 to €91,469
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 | €419,088 | €415,058 | -€4,031 | -1.0% |
| Fixed assets | 21/28 | €184,782 | €167,816 | -€16,966 | -9.2% |
| Tangible fixed assets | 22/27 | €183,657 | €166,691 | -€16,966 | -9.2% |
| Land and buildings | 22 | €163,910 | €155,926 | -€7,984 | -4.9% |
| Furniture and vehicles | 24 | €6,820 | €461 | -€6,358 | -93.2% |
| Other tangible fixed assets | 26 | €12,927 | €10,303 | -€2,624 | -20.3% |
| Financial fixed assets | 28 | €1,125 | €1,125 | = | 0.0% |
| Current assets | 29/58 | €234,307 | €247,242 | +€12,936 | +5.5% |
| Stocks and contracts in progress | 3 | €213,869 | €208,510 | -€5,359 | -2.5% |
| Stocks | 30/36 | €213,869 | €208,510 | -€5,359 | -2.5% |
| Amounts receivable within one year | 40/41 | €11,334 | €19,483 | +€8,149 | +71.9% |
| Trade receivables | 40 | €11,334 | €19,483 | +€8,149 | +71.9% |
| Cash at bank and in hand | 54/58 | €8,063 | €16,497 | +€8,434 | +104.6% |
| Deferred charges and accrued income | 490/1 | €1,041 | €2,752 | +€1,711 | +164.3% |
| Total equity and liabilities | 10/49 | €419,088 | €415,058 | -€4,031 | -1.0% |
| Equity | 10/15 | €74,723 | €88,485 | +€13,762 | +18.4% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €54,038 | €67,800 | +€13,762 | +25.5% |
| Distributable reserves | 133 | €54,038 | €67,800 | +€13,762 | +25.5% |
| Profit (loss) carried forward | 14 | €686 | €686 | = | 0.0% |
| Amounts payable | 17/49 | €344,365 | €326,573 | -€17,793 | -5.2% |
| Amounts payable after more than one year | 17 | €175,240 | €150,643 | -€24,597 | -14.0% |
| Financial debts | 170/4 | €175,240 | €150,643 | -€24,597 | -14.0% |
| Amounts payable within one year | 42/48 | €169,125 | €175,929 | +€6,804 | +4.0% |
| Current portion of amounts payable after more than one year | 42 | €21,241 | €24,597 | +€3,356 | +15.8% |
| Trade debts | 44 | €68,359 | €39,203 | -€29,156 | -42.7% |
| Suppliers | 440/4 | €68,359 | €39,203 | -€29,156 | -42.7% |
| Taxes, remuneration and social security | 45 | €72,406 | €75,444 | +€3,038 | +4.2% |
| Taxes | 450/3 | €53,717 | €52,499 | -€1,218 | -2.3% |
| Remuneration and social security | 454/9 | €18,689 | €22,945 | +€4,256 | +22.8% |
| Other amounts payable | 47/48 | €7,119 | €36,685 | +€29,566 | +415.3% |
| Remuneration, social security and pensions | 62 | €86,766 | €91,469 | +€4,703 | +5.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,942 | €12,374 | -€5,568 | -31.0% |
| Other operating charges | 640/8 | €477 | €906 | +€430 | +90.1% |
| Gross operating margin | 9900 | €142,649 | €126,523 | -€16,126 | -11.3% |
| Operating profit (loss) | 9901 | €37,463 | €21,773 | -€15,690 | -41.9% |
| Financial income | 75/76B | €7,492 | €7,998 | +€506 | +6.8% |
| Recurring financial income | 75 | €7,492 | €7,998 | +€506 | +6.8% |
| Financial charges | 65/66B | €23,118 | €9,126 | -€13,991 | -60.5% |
| Recurring financial charges | 65 | €23,118 | €9,126 | -€13,991 | -60.5% |
| Profit (loss) for the period before taxes | 9903 | €21,837 | €20,645 | -€1,192 | -5.5% |
| Income taxes | 67/77 | €7,782 | €6,883 | -€899 | -11.6% |
| Profit (loss) for the period | 9904 | €14,056 | €13,762 | -€293 | -2.1% |
| Profit (loss) for the period to be appropriated | 9905 | €14,056 | €13,762 | -€293 | -2.1% |
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 4 October 2026 via checked.be.