MIST BE: 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.
MIST BE
Largest movements
- Tangible fixed assets +€211,262
up €211,262 (+211.3%), from €99,980 to €311,242
of which Assets under construction and advance payments: +€217,348
- Cash +€88,419
up €88,419 (+21843.7%), from €405 to €88,824
mainly Other debts (+€345,456) and Trade debts (+€51,382)
- Receivables within one year +€63,891
up €63,891 (+48.6%), from €131,511 to €195,402
of which Other amounts receivable: +€193,609
- Other debts +€345,456
up €345,456 (+280.4%), from €123,181 to €468,637
- Trade debts +€51,382
up €51,382 (+128.3%), from €40,037 to €91,419
- Tax, wage and social debts -€29,458
down €29,458 (-66.4%), from €44,397 to €14,939
of which Taxes: -€18,911
- Gross operating margin +€125,352
up €125,352 (+107.2%), from €116,926 to €242,278
- Staff costs +€121,992
up €121,992 (+110.2%), from €110,709 to €232,701
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 | €232,555 | €596,979 | +€364,424 | +156.7% |
| Fixed assets | 21/28 | €100,180 | €311,442 | +€211,262 | +210.9% |
| Tangible fixed assets | 22/27 | €99,980 | €311,242 | +€211,262 | +211.3% |
| Furniture and vehicles | 24 | €19,017 | €12,930 | -€6,087 | -32.0% |
| Assets under construction and advance payments | 27 | €80,964 | €298,312 | +€217,348 | +268.5% |
| Financial fixed assets | 28 | €200 | €200 | = | 0.0% |
| Current assets | 29/58 | €132,374 | €285,536 | +€153,162 | +115.7% |
| Amounts receivable within one year | 40/41 | €131,511 | €195,402 | +€63,891 | +48.6% |
| Trade receivables | 40 | €129,972 | €254 | -€129,718 | -99.8% |
| Other amounts receivable | 41 | €1,539 | €195,148 | +€193,609 | +12578.3% |
| Cash at bank and in hand | 54/58 | €405 | €88,824 | +€88,419 | +21843.7% |
| Deferred charges and accrued income | 490/1 | €458 | €1,310 | +€852 | +186.0% |
| Total equity and liabilities | 10/49 | €232,555 | €596,979 | +€364,424 | +156.7% |
| Equity | 10/15 | €21,191 | €21,984 | +€792 | +3.7% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,191 | €1,984 | +€792 | +66.5% |
| Amounts payable | 17/49 | €211,363 | €574,995 | +€363,632 | +172.0% |
| Amounts payable within one year | 42/48 | €207,615 | €574,995 | +€367,380 | +177.0% |
| Trade debts | 44 | €40,037 | €91,419 | +€51,382 | +128.3% |
| Suppliers | 440/4 | €40,037 | €91,419 | +€51,382 | +128.3% |
| Taxes, remuneration and social security | 45 | €44,397 | €14,939 | -€29,458 | -66.4% |
| Taxes | 450/3 | €23,305 | €4,394 | -€18,911 | -81.1% |
| Remuneration and social security | 454/9 | €21,092 | €10,545 | -€10,547 | -50.0% |
| Other amounts payable | 47/48 | €123,181 | €468,637 | +€345,456 | +280.4% |
| Accrued charges and deferred income | 492/3 | €3,748 | - | -€3,748 | |
| Remuneration, social security and pensions | 62 | €110,709 | €232,701 | +€121,992 | +110.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,084 | €6,087 | +€2,002 | +49.0% |
| Other operating charges | 640/8 | €395 | €1,541 | +€1,146 | +290.3% |
| Gross operating margin | 9900 | €116,926 | €242,278 | +€125,352 | +107.2% |
| Operating profit (loss) | 9901 | €1,738 | €1,949 | +€212 | +12.2% |
| Financial charges | 65/66B | €52 | €86 | +€34 | +64.8% |
| Recurring financial charges | 65 | €52 | €86 | +€34 | +64.8% |
| Profit (loss) for the period before taxes | 9903 | €1,686 | €1,863 | +€178 | +10.6% |
| Income taxes | 67/77 | €494 | €1,071 | +€577 | +116.7% |
| Profit (loss) for the period | 9904 | €1,191 | €792 | -€399 | -33.5% |
| Profit (loss) for the period to be appropriated | 9905 | €1,191 | €792 | -€399 | -33.5% |
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 10 October 2026 via checked.be.