MISOMAX: 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.
MISOMAX
Largest movements
- Receivables after one year -€37,799
down €37,799 (-6.9%), from €543,886 to €506,087
- Receivables within one year +€20,517
up €20,517 (+4.2%), from €493,880 to €514,397
of which Other amounts receivable: +€23,455
No liability line moved by more than 1% of the balance sheet total.
- Gross operating margin -€21,229
down €21,229 (-78.1%), from €27,185 to €5,955
- Financial charges -€8,767
down €8,767 (-90.7%), from €9,666 to €898
- Taxes +€1,903
new in 2025: €1,903
- Other operating charges -€738
down €738 (-15.6%), from €4,720 to €3,982
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 | €1,458,618 | €1,454,667 | -€3,951 | -0.3% |
| Fixed assets | 21/28 | €407,186 | €407,186 | = | 0.0% |
| Tangible fixed assets | 22/27 | €367,186 | €367,186 | = | 0.0% |
| Land and buildings | 22 | €120,487 | €120,487 | = | 0.0% |
| Other tangible fixed assets | 26 | €246,700 | €246,700 | = | 0.0% |
| Financial fixed assets | 28 | €40,000 | €40,000 | = | 0.0% |
| Current assets | 29/58 | €1,051,431 | €1,047,481 | -€3,951 | -0.4% |
| Amounts receivable after more than one year | 29 | €543,886 | €506,087 | -€37,799 | -6.9% |
| Other amounts receivable | 291 | €543,886 | €506,087 | -€37,799 | -6.9% |
| Stocks and contracts in progress | 3 | €12,104 | €12,104 | = | 0.0% |
| Stocks | 30/36 | €12,104 | €12,104 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €493,880 | €514,397 | +€20,517 | +4.2% |
| Trade receivables | 40 | €219,312 | €216,373 | -€2,939 | -1.3% |
| Other amounts receivable | 41 | €274,568 | €298,023 | +€23,455 | +8.5% |
| Cash at bank and in hand | 54/58 | €1,417 | €14,262 | +€12,846 | +906.8% |
| Deferred charges and accrued income | 490/1 | €145 | €630 | +€485 | +335.6% |
| Total equity and liabilities | 10/49 | €1,458,618 | €1,454,667 | -€3,951 | -0.3% |
| Equity | 10/15 | €48,358 | €53,438 | +€5,080 | +10.5% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€13,642 | -€8,562 | +€5,080 | +37.2% |
| Amounts payable | 17/49 | €1,410,259 | €1,401,229 | -€9,031 | -0.6% |
| Amounts payable after more than one year | 17 | €7,780 | €5,813 | -€1,967 | -25.3% |
| Financial debts | 170/4 | €7,780 | €5,813 | -€1,967 | -25.3% |
| Amounts payable within one year | 42/48 | €1,402,479 | €1,394,417 | -€8,062 | -0.6% |
| Current portion of amounts payable after more than one year | 42 | €15,879 | €5,381 | -€10,498 | -66.1% |
| Trade debts | 44 | €1,123,591 | €1,124,123 | +€533 | 0.0% |
| Suppliers | 440/4 | €1,123,591 | €1,124,123 | +€533 | 0.0% |
| Advances received on contracts in progress | 46 | €261,101 | €261,101 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €1,909 | €3,812 | +€1,903 | +99.7% |
| Taxes | 450/3 | €1,909 | €3,812 | +€1,903 | +99.7% |
| Accrued charges and deferred income | 492/3 | - | €998 | +€998 | |
| Non-recurring operating income | 76A | €34,045 | - | -€34,045 | |
| Other operating charges | 640/8 | €4,720 | €3,982 | -€738 | -15.6% |
| Gross operating margin | 9900 | €27,185 | €5,955 | -€21,229 | -78.1% |
| Operating profit (loss) | 9901 | €22,465 | €1,973 | -€20,492 | -91.2% |
| Financial income | 75/76B | €5,888 | €5,908 | +€20 | +0.3% |
| Recurring financial income | 75 | €5,888 | €5,908 | +€20 | +0.3% |
| Financial charges | 65/66B | €9,666 | €898 | -€8,767 | -90.7% |
| Recurring financial charges | 65 | €9,666 | €898 | -€8,767 | -90.7% |
| Profit (loss) for the period before taxes | 9903 | €18,687 | €6,983 | -€11,704 | -62.6% |
| Transfer from deferred taxes | 780 | €2,386 | - | -€2,386 | |
| Income taxes | 67/77 | - | €1,903 | +€1,903 | |
| Profit (loss) for the period | 9904 | €21,073 | €5,080 | -€15,993 | -75.9% |
| Transfer from tax-exempt reserves | 789 | €7,159 | - | -€7,159 | |
| Profit (loss) for the period to be appropriated | 9905 | €28,232 | €5,080 | -€23,152 | -82.0% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.