MissManagement: 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.
MissManagement
Largest movements
- Receivables within one year +€5,245
up €5,245 (+16.2%), from €32,377 to €37,622
of which Other amounts receivable: +€5,245
- Cash +€3,345
up €3,345 (+18,823%), from €18 to €3,363
mainly Net result for the year (+€5,953) and Trade debts (+€1,310)
- Reserves +€5,953
up €5,953 (+63.3%), from €9,402 to €15,355
- Trade debts +€1,310
up €1,310 (+266%), from €493 to €1,803
- Other debts +€1,191
up €1,191 (+13.9%), from €8,598 to €9,789
- Gross operating margin -€5,903
down €5,903 (-38.8%), from €15,210 to €9,307
- Write-downs -€2,200
down €2,200 (-100%), from €2,200 to €0
- Taxes -€1,412
down €1,412 (-37.3%), from €3,785 to €2,373
- Other operating charges +€227
up €227 (+192%), from €118 to €345
- Depreciation -€210
down €210 (-100%), from €210 to €0
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 | €32,395 | €40,985 | +€8,590 | +26.5% |
| Fixed assets | 21/28 | €0 | - | = | |
| Tangible fixed assets | 22/27 | €0 | - | = | |
| Plant, machinery and equipment | 23 | €0 | - | = | |
| Current assets | 29/58 | €32,395 | €40,985 | +€8,590 | +26.5% |
| Amounts receivable within one year | 40/41 | €32,377 | €37,622 | +€5,245 | +16.2% |
| Trade receivables | 40 | €462 | €462 | = | 0.0% |
| Other amounts receivable | 41 | €31,915 | €37,160 | +€5,245 | +16.4% |
| Cash at bank and in hand | 54/58 | €18 | €3,363 | +€3,345 | +18,823% |
| Total equity and liabilities | 10/49 | €32,395 | €40,985 | +€8,590 | +26.5% |
| Equity | 10/15 | €14,402 | €20,355 | +€5,953 | +41.3% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €9,402 | €15,355 | +€5,953 | +63.3% |
| Distributable reserves | 133 | €9,402 | €15,355 | +€5,953 | +63.3% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €17,993 | €20,629 | +€2,637 | +14.7% |
| Amounts payable within one year | 42/48 | €17,993 | €20,629 | +€2,637 | +14.7% |
| Trade debts | 44 | €493 | €1,803 | +€1,310 | +266% |
| Suppliers | 440/4 | €493 | €1,803 | +€1,310 | +266% |
| Taxes, remuneration and social security | 45 | €8,902 | €9,037 | +€136 | +1.5% |
| Taxes | 450/3 | €7,302 | €9,037 | +€1,736 | +23.8% |
| Remuneration and social security | 454/9 | €1,600 | €0 | -€1,600 | -100% |
| Other amounts payable | 47/48 | €8,598 | €9,789 | +€1,191 | +13.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €210 | €0 | -€210 | -100% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €2,200 | €0 | -€2,200 | -100% |
| Other operating charges | 640/8 | €118 | €345 | +€227 | +192% |
| Gross operating margin | 9900 | €15,210 | €9,307 | -€5,903 | -38.8% |
| Operating profit (loss) | 9901 | €12,682 | €8,962 | -€3,720 | -29.3% |
| Financial income | 75/76B | €0 | - | = | |
| Recurring financial income | 75 | €0 | - | = | |
| Financial charges | 65/66B | €763 | €636 | -€127 | -16.6% |
| Recurring financial charges | 65 | €763 | €636 | -€127 | -16.6% |
| Profit (loss) for the period before taxes | 9903 | €11,919 | €8,326 | -€3,593 | -30.1% |
| Income taxes | 67/77 | €3,785 | €2,373 | -€1,412 | -37.3% |
| Profit (loss) for the period | 9904 | €8,134 | €5,953 | -€2,181 | -26.8% |
| Profit (loss) for the period to be appropriated | 9905 | €8,134 | €5,953 | -€2,181 | -26.8% |
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 18 October 2026 via checked.be.