Misube: 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.
Misube
Largest movements
- Cash +€60,028
up €60,028 (+73.2%), from €81,976 to €142,004
mainly Net result for the year (+€38,992) and Depreciation (+€10,423)
- Tangible fixed assets -€10,423
down €10,423 (-39.5%), from €26,366 to €15,943
- Profit (loss) carried forward +€38,992
up €38,992 (+39.6%), from €98,543 to €137,534
- Tax, wage and social debts +€7,291
up €7,291 (+64.3%), from €11,341 to €18,631
- Trade debts +€3,250
up €3,250 (+183%), from €1,774 to €5,025
- Gross operating margin -€4,274
down €4,274 (-6.4%), from €66,387 to €62,114
- Financial charges -€1,738
down €1,738 (-90.5%), from €1,920 to €182
- Other operating charges +€908
up €908 (+217%), from €418 to €1,327
- Depreciation +€700
up €700 (+7.2%), from €9,723 to €10,423
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 | €123,336 | €173,007 | +€49,672 | +40.3% |
| Fixed assets | 21/28 | €26,366 | €15,943 | -€10,423 | -39.5% |
| Tangible fixed assets | 22/27 | €26,366 | €15,943 | -€10,423 | -39.5% |
| Furniture and vehicles | 24 | €26,366 | €15,943 | -€10,423 | -39.5% |
| Current assets | 29/58 | €96,969 | €157,064 | +€60,095 | +62.0% |
| Amounts receivable within one year | 40/41 | €14,993 | €15,060 | +€67 | +0.4% |
| Trade receivables | 40 | €14,989 | €15,060 | +€71 | +0.5% |
| Other amounts receivable | 41 | €4 | - | -€4 | |
| Cash at bank and in hand | 54/58 | €81,976 | €142,004 | +€60,028 | +73.2% |
| Total equity and liabilities | 10/49 | €123,336 | €173,007 | +€49,672 | +40.3% |
| Equity | 10/15 | €108,543 | €147,534 | +€38,992 | +35.9% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €98,543 | €137,534 | +€38,992 | +39.6% |
| Amounts payable | 17/49 | €14,793 | €25,473 | +€10,680 | +72.2% |
| Amounts payable within one year | 42/48 | €14,793 | €25,473 | +€10,680 | +72.2% |
| Trade debts | 44 | €1,774 | €5,025 | +€3,250 | +183% |
| Suppliers | 440/4 | €1,774 | €5,025 | +€3,250 | +183% |
| Taxes, remuneration and social security | 45 | €11,341 | €18,631 | +€7,291 | +64.3% |
| Taxes | 450/3 | €11,341 | €18,631 | +€7,291 | +64.3% |
| Other amounts payable | 47/48 | €1,678 | €1,817 | +€139 | +8.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,723 | €10,423 | +€700 | +7.2% |
| Other operating charges | 640/8 | €418 | €1,327 | +€908 | +217% |
| Gross operating margin | 9900 | €66,387 | €62,114 | -€4,274 | -6.4% |
| Operating profit (loss) | 9901 | €56,246 | €50,364 | -€5,882 | -10.5% |
| Financial income | 75/76B | - | €1 | +€1 | |
| Recurring financial income | 75 | - | €1 | +€1 | |
| Financial charges | 65/66B | €1,920 | €182 | -€1,738 | -90.5% |
| Recurring financial charges | 65 | €1,920 | €182 | -€1,738 | -90.5% |
| Profit (loss) for the period before taxes | 9903 | €54,325 | €50,182 | -€4,143 | -7.6% |
| Income taxes | 67/77 | €11,510 | €11,191 | -€320 | -2.8% |
| Profit (loss) for the period | 9904 | €42,815 | €38,992 | -€3,823 | -8.9% |
| Profit (loss) for the period to be appropriated | 9905 | €42,815 | €38,992 | -€3,823 | -8.9% |
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 26 October 2026 via checked.be.