MISS BLUSH: 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.
MISS BLUSH
Largest movements
- Cash -€57,193
down €57,193 (-30.5%), from €187,816 to €130,623
mainly Investment in fixed assets (net) (-€44,629) and Current investments (-€40,000)
- Receivables within one year -€47,118
down €47,118 (-56.1%), from €83,991 to €36,872
of which Trade receivables: -€52,991
- Intangible fixed assets +€41,781
up €41,781, from €0 to €41,781
- Current investments +€40,000
new in 2025: €40,000
- Tangible fixed assets -€5,752
down €5,752 (-48.3%), from €11,912 to €6,160
of which Furniture and vehicles: -€5,752
- Other debts -€20,206
down €20,206 (-54.4%), from €37,166 to €16,960
- Debts after one year -€10,205
down €10,205 (-23.9%), from €42,651 to €32,446
- Reserves +€8,088
up €8,088 (+4.9%), from €164,335 to €172,423
- Tax, wage and social debts -€4,614
down €4,614 (-30.2%), from €15,274 to €10,660
of which Remuneration and social security: -€3,503
- Trade debts -€3,175
down €3,175 (-15.5%), from €20,503 to €17,329
- Gross operating margin -€107,526
down €107,526 (-43.5%), from €247,370 to €139,844
- Staff costs +€17,508
up €17,508 (+17.4%), from €100,534 to €118,042
- Depreciation -€7,906
down €7,906 (-47.9%), from €16,506 to €8,600
- Taxes -€3,692
down €3,692 (-51.6%), from €7,160 to €3,469
- Financial charges -€3,327
down €3,327 (-61.4%), from €5,418 to €2,091
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 | €291,801 | €263,281 | -€28,520 | -9.8% |
| Fixed assets | 21/28 | €15,012 | €51,041 | +€36,029 | +240% |
| Intangible fixed assets | 21 | €0 | €41,781 | +€41,781 | |
| Tangible fixed assets | 22/27 | €11,912 | €6,160 | -€5,752 | -48.3% |
| Land and buildings | 22 | €0 | - | = | |
| Plant, machinery and equipment | 23 | €0 | - | = | |
| Furniture and vehicles | 24 | €11,912 | €6,160 | -€5,752 | -48.3% |
| Other tangible fixed assets | 26 | €0 | - | = | |
| Financial fixed assets | 28 | €3,100 | €3,100 | = | 0.0% |
| Current assets | 29/58 | €276,789 | €212,240 | -€64,549 | -23.3% |
| Amounts receivable within one year | 40/41 | €83,991 | €36,872 | -€47,118 | -56.1% |
| Trade receivables | 40 | €77,970 | €24,979 | -€52,991 | -68.0% |
| Other amounts receivable | 41 | €6,021 | €11,893 | +€5,872 | +97.5% |
| Current investments | 50/53 | - | €40,000 | +€40,000 | |
| Cash at bank and in hand | 54/58 | €187,816 | €130,623 | -€57,193 | -30.5% |
| Deferred charges and accrued income | 490/1 | €4,982 | €4,744 | -€238 | -4.8% |
| Total equity and liabilities | 10/49 | €291,801 | €263,281 | -€28,520 | -9.8% |
| Equity | 10/15 | €165,389 | €173,477 | +€8,088 | +4.9% |
| Contributions | 10/11 | €500 | €500 | = | 0.0% |
| Reserves | 13 | €164,335 | €172,423 | +€8,088 | +4.9% |
| Distributable reserves | 133 | €164,335 | €172,423 | +€8,088 | +4.9% |
| Profit (loss) carried forward | 14 | €554 | €554 | +€0 | 0.0% |
| Amounts payable | 17/49 | €126,412 | €89,804 | -€36,608 | -29.0% |
| Amounts payable after more than one year | 17 | €42,651 | €32,446 | -€10,205 | -23.9% |
| Financial debts | 170/4 | €42,651 | €32,446 | -€10,205 | -23.9% |
| Amounts payable within one year | 42/48 | €83,761 | €56,578 | -€27,183 | -32.5% |
| Current portion of amounts payable after more than one year | 42 | €10,053 | €10,205 | +€152 | +1.5% |
| Financial debts | 43 | €765 | €1,425 | +€660 | +86.3% |
| Credit institutions | 430/8 | €765 | €1,425 | +€660 | +86.3% |
| Trade debts | 44 | €20,503 | €17,329 | -€3,175 | -15.5% |
| Suppliers | 440/4 | €20,503 | €17,329 | -€3,175 | -15.5% |
| Taxes, remuneration and social security | 45 | €15,274 | €10,660 | -€4,614 | -30.2% |
| Taxes | 450/3 | €3,319 | €2,208 | -€1,111 | -33.5% |
| Remuneration and social security | 454/9 | €11,955 | €8,452 | -€3,503 | -29.3% |
| Other amounts payable | 47/48 | €37,166 | €16,960 | -€20,206 | -54.4% |
| Accrued charges and deferred income | 492/3 | - | €780 | +€780 | |
| Non-recurring operating income | 76A | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €100,534 | €118,042 | +€17,508 | +17.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,506 | €8,600 | -€7,906 | -47.9% |
| Other operating charges | 640/8 | €1,260 | €678 | -€582 | -46.2% |
| Non-recurring operating charges | 66A | €101,714 | €0 | -€101,714 | -100% |
| Gross operating margin | 9900 | €247,370 | €139,844 | -€107,526 | -43.5% |
| Operating profit (loss) | 9901 | €27,357 | €12,526 | -€14,831 | -54.2% |
| Financial income | 75/76B | €0 | €1,122 | +€1,122 | +11,220,400% |
| Recurring financial income | 75 | €0 | €1,122 | +€1,122 | +11,220,400% |
| Financial charges | 65/66B | €5,418 | €2,091 | -€3,327 | -61.4% |
| Recurring financial charges | 65 | €5,418 | €2,091 | -€3,327 | -61.4% |
| Profit (loss) for the period before taxes | 9903 | €21,939 | €11,557 | -€10,382 | -47.3% |
| Income taxes | 67/77 | €7,160 | €3,469 | -€3,692 | -51.6% |
| Profit (loss) for the period | 9904 | €14,778 | €8,088 | -€6,690 | -45.3% |
| Profit (loss) for the period to be appropriated | 9905 | €14,778 | €8,088 | -€6,690 | -45.3% |
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 22 October 2026 via checked.be.