MISOTY: 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.
MISOTY
Largest movements
- Stocks and contracts -€20,708
down €20,708 (-49.9%), from €41,488 to €20,780
- Receivables within one year +€16,296
up €16,296 (+2,469%), from €660 to €16,956
- Cash +€7,076
up €7,076 (+1,049%), from €675 to €7,751
mainly Stocks and contracts (+€20,708) and Net result for the year (+€15,111)
- Other debts -€16,308
down €16,308 (-32.5%), from €50,126 to €33,818
- Profit (loss) carried forward +€15,111
up €15,111, from -€14,001 to €1,110
- Tax, wage and social debts +€7,876
up €7,876 (+3,690%), from €213 to €8,090
- Trade debts -€4,131
down €4,131 (-96.9%), from €4,263 to €132
- Gross operating margin +€37,452
up €37,452, from -€828 to €36,624
- Write-downs +€20,708
new in 2025: €20,708
- Taxes +€486
new in 2025: €486
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 | €43,602 | €46,150 | +€2,548 | +5.8% |
| Fixed assets | 21/28 | €438 | €306 | -€132 | -30.2% |
| Tangible fixed assets | 22/27 | €132 | - | -€132 | |
| Furniture and vehicles | 24 | €132 | - | -€132 | |
| Financial fixed assets | 28 | €306 | €306 | = | 0.0% |
| Current assets | 29/58 | €43,164 | €45,844 | +€2,680 | +6.2% |
| Stocks and contracts in progress | 3 | €41,488 | €20,780 | -€20,708 | -49.9% |
| Stocks | 30/36 | €41,488 | €20,780 | -€20,708 | -49.9% |
| Amounts receivable within one year | 40/41 | €660 | €16,956 | +€16,296 | +2,469% |
| Trade receivables | 40 | €660 | €16,956 | +€16,296 | +2,469% |
| Cash at bank and in hand | 54/58 | €675 | €7,751 | +€7,076 | +1,049% |
| Deferred charges and accrued income | 490/1 | €341 | €357 | +€16 | +4.7% |
| Total equity and liabilities | 10/49 | €43,602 | €46,150 | +€2,548 | +5.8% |
| Equity | 10/15 | -€11,001 | €4,110 | +€15,111 | |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€14,001 | €1,110 | +€15,111 | |
| Amounts payable | 17/49 | €54,603 | €42,040 | -€12,563 | -23.0% |
| Amounts payable within one year | 42/48 | €54,603 | €42,040 | -€12,563 | -23.0% |
| Trade debts | 44 | €4,263 | €132 | -€4,131 | -96.9% |
| Suppliers | 440/4 | €4,263 | €132 | -€4,131 | -96.9% |
| Taxes, remuneration and social security | 45 | €213 | €8,090 | +€7,876 | +3,690% |
| Taxes | 450/3 | €213 | €8,090 | +€7,876 | +3,690% |
| Other amounts payable | 47/48 | €50,126 | €33,818 | -€16,308 | -32.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €198 | €132 | -€66 | -33.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €20,708 | +€20,708 | |
| Other operating charges | 640/8 | - | €5 | +€5 | |
| Gross operating margin | 9900 | -€828 | €36,624 | +€37,452 | |
| Operating profit (loss) | 9901 | -€1,026 | €15,778 | +€16,804 | |
| Financial charges | 65/66B | €181 | €181 | -€0 | 0.0% |
| Recurring financial charges | 65 | €181 | €181 | -€0 | 0.0% |
| Profit (loss) for the period before taxes | 9903 | -€1,208 | €15,597 | +€16,804 | |
| Income taxes | 67/77 | - | €486 | +€486 | |
| Profit (loss) for the period | 9904 | -€1,208 | €15,111 | +€16,318 | |
| Profit (loss) for the period to be appropriated | 9905 | -€1,208 | €15,111 | +€16,318 |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 13 October 2026 via checked.be.