MISSIAEN: 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.
MISSIAEN
Largest movements
- Financial fixed assets -€160,000
down €160,000 (-100%), from €160,000 to €0
- Cash +€91,276
up €91,276 (+2,462%), from €3,708 to €94,984
mainly Debts after one year (+€91,169) and Depreciation (+€72,024)
- Tangible fixed assets +€35,842
up €35,842 (+2.0%), from €1.8m to €1.8m
of which Land and buildings: +€23,187
- Other debts -€145,937
down €145,937 (-12.0%), from €1.2m to €1.1m
- Debts after one year +€91,169
up €91,169 (+44.2%), from €206,462 to €297,632
- Current portion of long-term debt +€24,450
up €24,450 (+49.7%), from €49,159 to €73,609
- Depreciation +€6,340
up €6,340 (+9.7%), from €65,684 to €72,024
- Other operating charges -€2,551
down €2,551 (-26.2%), from €9,743 to €7,192
- Gross operating margin -€2,489
down €2,489 (-2.6%), from €94,890 to €92,402
- Financial charges +€1,754
up €1,754 (+19.9%), from €8,819 to €10,573
- Taxes +€1,613
up €1,613 (+39.1%), from €4,124 to €5,737
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 | €1,976,618 | €1,949,135 | -€27,482 | -1.4% |
| Fixed assets | 21/28 | €1,955,133 | €1,830,775 | -€124,358 | -6.4% |
| Intangible fixed assets | 21 | €492 | €292 | -€200 | -40.6% |
| Tangible fixed assets | 22/27 | €1,794,641 | €1,830,483 | +€35,842 | +2.0% |
| Land and buildings | 22 | €1,737,324 | €1,760,510 | +€23,187 | +1.3% |
| Plant, machinery and equipment | 23 | €14,793 | €17,473 | +€2,681 | +18.1% |
| Furniture and vehicles | 24 | €42,524 | €52,499 | +€9,975 | +23.5% |
| Financial fixed assets | 28 | €160,000 | €0 | -€160,000 | -100% |
| Current assets | 29/58 | €21,485 | €118,361 | +€96,876 | +451% |
| Stocks and contracts in progress | 3 | €0 | - | = | |
| Stocks | 30/36 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €9,974 | €13,287 | +€3,313 | +33.2% |
| Trade receivables | 40 | €8,691 | €4,321 | -€4,370 | -50.3% |
| Other amounts receivable | 41 | €1,283 | €8,966 | +€7,683 | +599% |
| Cash at bank and in hand | 54/58 | €3,708 | €94,984 | +€91,276 | +2,462% |
| Deferred charges and accrued income | 490/1 | €7,803 | €10,090 | +€2,287 | +29.3% |
| Total equity and liabilities | 10/49 | €1,976,618 | €1,949,135 | -€27,482 | -1.4% |
| Equity | 10/15 | €424,201 | €426,945 | +€2,744 | +0.6% |
| Contributions | 10/11 | €50,000 | €50,000 | = | 0.0% |
| Reserves | 13 | €374,201 | €376,945 | +€2,744 | +0.7% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Tax-exempt reserves | 132 | €198,784 | €184,571 | -€14,214 | -7.2% |
| Distributable reserves | 133 | €175,417 | €192,374 | +€16,958 | +9.7% |
| Provisions and deferred taxes | 16 | €66,261 | €61,524 | -€4,738 | -7.2% |
| Deferred taxes | 168 | €66,261 | €61,524 | -€4,738 | -7.2% |
| Amounts payable | 17/49 | €1,486,155 | €1,460,667 | -€25,489 | -1.7% |
| Amounts payable after more than one year | 17 | €206,462 | €297,632 | +€91,169 | +44.2% |
| Financial debts | 170/4 | €206,462 | €297,632 | +€91,169 | +44.2% |
| Amounts payable within one year | 42/48 | €1,272,052 | €1,156,807 | -€115,246 | -9.1% |
| Current portion of amounts payable after more than one year | 42 | €49,159 | €73,609 | +€24,450 | +49.7% |
| Trade debts | 44 | €6,415 | €12,657 | +€6,241 | +97.3% |
| Suppliers | 440/4 | €6,415 | €12,657 | +€6,241 | +97.3% |
| Taxes, remuneration and social security | 45 | €0 | - | = | |
| Taxes | 450/3 | €0 | - | = | |
| Other amounts payable | 47/48 | €1,216,478 | €1,070,541 | -€145,937 | -12.0% |
| Accrued charges and deferred income | 492/3 | €7,641 | €6,228 | -€1,412 | -18.5% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €65,684 | €72,024 | +€6,340 | +9.7% |
| Other operating charges | 640/8 | €9,743 | €7,192 | -€2,551 | -26.2% |
| Gross operating margin | 9900 | €94,890 | €92,402 | -€2,489 | -2.6% |
| Operating profit (loss) | 9901 | €19,463 | €13,185 | -€6,278 | -32.3% |
| Financial income | 75/76B | €1,527 | €1,130 | -€397 | -26.0% |
| Recurring financial income | 75 | €1,527 | €1,130 | -€397 | -26.0% |
| Financial charges | 65/66B | €8,819 | €10,573 | +€1,754 | +19.9% |
| Recurring financial charges | 65 | €8,819 | €10,573 | +€1,754 | +19.9% |
| Profit (loss) for the period before taxes | 9903 | €12,172 | €3,743 | -€8,429 | -69.2% |
| Transfer from deferred taxes | 780 | €4,738 | €4,738 | = | 0.0% |
| Income taxes | 67/77 | €4,124 | €5,737 | +€1,613 | +39.1% |
| Profit (loss) for the period | 9904 | €12,786 | €2,744 | -€10,042 | -78.5% |
| Transfer from tax-exempt reserves | 789 | €14,214 | €14,214 | -€0 | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €27,000 | €16,958 | -€10,042 | -37.2% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 24 October 2026 via checked.be.