MIST: what changed
Two fiscal 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.
MIST
Largest movements
- Receivables within one year +€2,723
up €2,723 (+20.2%), from €13,451 to €16,174
of which Trade receivables: +€2,715
- Tangible fixed assets -€2,081
down €2,081 (-30.0%), from €6,937 to €4,856
of which Furniture and vehicles: -€1,749
- Reserves +€12,000
up €12,000 (+150.0%), from €8,000 to €20,000
- Other debts -€10,398
down €10,398 (-95.0%), from €10,949 to €551
- Accrued charges and deferred income -€1,327
down €1,327 (-73.5%), from €1,805 to €478
- Tax, wage and social debts +€463
up €463 (+5.6%), from €8,290 to €8,753
of which Taxes: +€525
- Gross operating margin +€5,662
up €5,662 (+31.2%), from €18,167 to €23,829
- Taxes +€1,973
up €1,973 (+63.3%), from €3,117 to €5,089
- Financial charges -€1,088
down €1,088 (-30.5%), from €3,569 to €2,481
- Depreciation +€436
up €436 (+16.1%), from €2,716 to €3,152
- Other operating charges +€432
up €432 (+51.7%), from €835 to €1,266
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.
Cash bridge derived
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 | €34,988 | €35,917 | +€929 | +2.7% |
| Fixed assets | 21/28 | €6,937 | €4,856 | -€2,081 | -30.0% |
| Tangible fixed assets | 22/27 | €6,937 | €4,856 | -€2,081 | -30.0% |
| Plant, machinery and equipment | 23 | €1,490 | €1,158 | -€332 | -22.3% |
| Furniture and vehicles | 24 | €5,447 | €3,697 | -€1,749 | -32.1% |
| Current assets | 29/58 | €28,051 | €31,061 | +€3,010 | +10.7% |
| Amounts receivable within one year | 40/41 | €13,451 | €16,174 | +€2,723 | +20.2% |
| Trade receivables | 40 | €13,451 | €16,166 | +€2,715 | +20.2% |
| Other amounts receivable | 41 | - | €8 | +€8 | |
| Cash at bank and in hand | 54/58 | €13,676 | €13,976 | +€300 | +2.2% |
| Deferred charges and accrued income | 490/1 | €924 | €911 | -€13 | -1.4% |
| Total equity and liabilities | 10/49 | €34,988 | €35,917 | +€929 | +2.7% |
| Equity | 10/15 | €13,756 | €25,596 | +€11,840 | +86.1% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €8,000 | €20,000 | +€12,000 | +150.0% |
| Distributable reserves | 133 | €8,000 | €20,000 | +€12,000 | +150.0% |
| Profit (loss) carried forward | 14 | €756 | €596 | -€160 | -21.2% |
| Amounts payable | 17/49 | €21,232 | €10,321 | -€10,911 | -51.4% |
| Amounts payable within one year | 42/48 | €19,427 | €9,843 | -€9,584 | -49.3% |
| Trade debts | 44 | €189 | €540 | +€351 | +186.0% |
| Suppliers | 440/4 | €189 | €540 | +€351 | +186.0% |
| Taxes, remuneration and social security | 45 | €8,290 | €8,753 | +€463 | +5.6% |
| Taxes | 450/3 | €8,227 | €8,753 | +€525 | +6.4% |
| Remuneration and social security | 454/9 | €62 | €0 | -€62 | -100.0% |
| Other amounts payable | 47/48 | €10,949 | €551 | -€10,398 | -95.0% |
| Accrued charges and deferred income | 492/3 | €1,805 | €478 | -€1,327 | -73.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,716 | €3,152 | +€436 | +16.1% |
| Other operating charges | 640/8 | €835 | €1,266 | +€432 | +51.7% |
| Gross operating margin | 9900 | €18,167 | €23,829 | +€5,662 | +31.2% |
| Operating profit (loss) | 9901 | €14,616 | €19,410 | +€4,794 | +32.8% |
| Financial income | 75/76B | €0 | - | = | |
| Recurring financial income | 75 | €0 | - | = | |
| Financial charges | 65/66B | €3,569 | €2,481 | -€1,088 | -30.5% |
| Recurring financial charges | 65 | €3,569 | €2,481 | -€1,088 | -30.5% |
| Profit (loss) for the period before taxes | 9903 | €11,047 | €16,929 | +€5,882 | +53.2% |
| Income taxes | 67/77 | €3,117 | €5,089 | +€1,973 | +63.3% |
| Profit (loss) for the period | 9904 | €7,930 | €11,840 | +€3,910 | +49.3% |
| Profit (loss) for the period to be appropriated | 9905 | €7,930 | €11,840 | +€3,910 | +49.3% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.