MISSAB: 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.
MISSAB
Largest movements
- Cash +€100,749
up €100,749 (+163%), from €61,841 to €162,589
mainly Net result for the year (+€84,231) and Trade debts (+€13,686)
- Receivables within one year +€4,995
up €4,995 (+44.4%), from €11,253 to €16,248
- Profit (loss) carried forward +€134,240
new in 2025: €134,240
- Reserves -€50,009
no longer reported in 2025 (was €50,009)
- Trade debts +€13,686
up €13,686 (+36,064%), from €38 to €13,724
- Tax, wage and social debts +€7,043
up €7,043 (+31.8%), from €22,131 to €29,174
- Gross operating margin +€43,712
up €43,712 (+69.2%), from €63,159 to €106,871
- Taxes +€9,029
up €9,029 (+70.8%), from €12,751 to €21,780
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 | €75,178 | €180,138 | +€104,960 | +140% |
| Fixed assets | 21/28 | €2,084 | €1,301 | -€784 | -37.6% |
| Tangible fixed assets | 22/27 | €2,084 | €1,301 | -€784 | -37.6% |
| Furniture and vehicles | 24 | €2,084 | €1,301 | -€784 | -37.6% |
| Current assets | 29/58 | €73,094 | €178,837 | +€105,744 | +145% |
| Amounts receivable within one year | 40/41 | €11,253 | €16,248 | +€4,995 | +44.4% |
| Trade receivables | 40 | €11,253 | €16,248 | +€4,995 | +44.4% |
| Cash at bank and in hand | 54/58 | €61,841 | €162,589 | +€100,749 | +163% |
| Total equity and liabilities | 10/49 | €75,178 | €180,138 | +€104,960 | +140% |
| Equity | 10/15 | €53,009 | €137,240 | +€84,231 | +159% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €50,009 | - | -€50,009 | |
| Distributable reserves | 133 | €50,009 | - | -€50,009 | |
| Profit (loss) carried forward | 14 | - | €134,240 | +€134,240 | |
| Amounts payable | 17/49 | €22,169 | €42,898 | +€20,729 | +93.5% |
| Amounts payable within one year | 42/48 | €22,169 | €42,898 | +€20,729 | +93.5% |
| Trade debts | 44 | €38 | €13,724 | +€13,686 | +36,064% |
| Suppliers | 440/4 | €38 | €13,724 | +€13,686 | +36,064% |
| Taxes, remuneration and social security | 45 | €22,131 | €29,174 | +€7,043 | +31.8% |
| Taxes | 450/3 | €22,131 | €29,174 | +€7,043 | +31.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €267 | €784 | +€517 | +193% |
| Other operating charges | 640/8 | €72 | - | -€72 | |
| Gross operating margin | 9900 | €63,159 | €106,871 | +€43,712 | +69.2% |
| Operating profit (loss) | 9901 | €62,820 | €106,087 | +€43,267 | +68.9% |
| Financial income | 75/76B | - | €48 | +€48 | |
| Recurring financial income | 75 | - | €48 | +€48 | |
| Financial charges | 65/66B | €60 | €125 | +€66 | +110% |
| Recurring financial charges | 65 | €60 | €125 | +€66 | +110% |
| Profit (loss) for the period before taxes | 9903 | €62,761 | €106,010 | +€43,250 | +68.9% |
| Income taxes | 67/77 | €12,751 | €21,780 | +€9,029 | +70.8% |
| Profit (loss) for the period | 9904 | €50,009 | €84,231 | +€34,221 | +68.4% |
| Profit (loss) for the period to be appropriated | 9905 | €50,009 | €84,231 | +€34,221 | +68.4% |
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 14 October 2026 via checked.be.