MISY: 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.
MISY
Largest movements
- Cash +€27,200
up €27,200 (+173.9%), from €15,643 to €42,843
mainly Trade debts (+€23,721) and Depreciation (+€18,756)
- Tangible fixed assets -€7,475
down €7,475 (-13.4%), from €55,688 to €48,213
- Receivables within one year -€1,867
down €1,867 (-10.3%), from €18,063 to €16,196
of which Trade receivables: -€1,929
- Financial fixed assets -€1,540
down €1,540 (-70.0%), from €2,200 to €660
- Trade debts +€23,721
up €23,721 (+5714.4%), from €415 to €24,137
- Other debts -€12,263
down €12,263 (-17.6%), from €69,537 to €57,275
- Tax, wage and social debts +€3,554
up €3,554 (+44.8%), from €7,937 to €11,491
- Profit (loss) carried forward +€1,979
up €1,979 (+67.7%), from -€2,924 to -€946
- Gross operating margin +€31,569
up €31,569 (+126.4%), from €24,980 to €56,549
- Staff costs +€21,978
up €21,978 (+178.0%), from €12,348 to €34,326
- Taxes -€2,507
no longer reported in 2025 (was €2,507)
- Depreciation +€1,999
up €1,999 (+11.9%), from €16,758 to €18,756
- Other operating charges +€938
up €938 (+253.3%), from €370 to €1,308
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 | €93,778 | €110,769 | +€16,991 | +18.1% |
| Fixed assets | 21/28 | €57,888 | €48,873 | -€9,015 | -15.6% |
| Tangible fixed assets | 22/27 | €55,688 | €48,213 | -€7,475 | -13.4% |
| Furniture and vehicles | 24 | €55,688 | €48,213 | -€7,475 | -13.4% |
| Financial fixed assets | 28 | €2,200 | €660 | -€1,540 | -70.0% |
| Current assets | 29/58 | €35,889 | €61,896 | +€26,007 | +72.5% |
| Stocks and contracts in progress | 3 | €2,183 | €2,857 | +€674 | +30.9% |
| Stocks | 30/36 | €2,183 | €2,857 | +€674 | +30.9% |
| Amounts receivable within one year | 40/41 | €18,063 | €16,196 | -€1,867 | -10.3% |
| Trade receivables | 40 | €14,699 | €12,770 | -€1,929 | -13.1% |
| Other amounts receivable | 41 | €3,364 | €3,426 | +€62 | +1.9% |
| Cash at bank and in hand | 54/58 | €15,643 | €42,843 | +€27,200 | +173.9% |
| Total equity and liabilities | 10/49 | €93,778 | €110,769 | +€16,991 | +18.1% |
| Equity | 10/15 | €15,888 | €17,866 | +€1,979 | +12.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €212 | €212 | = | 0.0% |
| Non-distributable reserves | 130/1 | €212 | €212 | = | 0.0% |
| Reserves not available under the articles | 1311 | €212 | €212 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€2,924 | -€946 | +€1,979 | +67.7% |
| Amounts payable | 17/49 | €77,890 | €92,903 | +€15,013 | +19.3% |
| Amounts payable within one year | 42/48 | €77,890 | €92,903 | +€15,013 | +19.3% |
| Trade debts | 44 | €415 | €24,137 | +€23,721 | +5714.4% |
| Suppliers | 440/4 | €415 | €24,137 | +€23,721 | +5714.4% |
| Taxes, remuneration and social security | 45 | €7,937 | €11,491 | +€3,554 | +44.8% |
| Remuneration and social security | 454/9 | €7,937 | €11,491 | +€3,554 | +44.8% |
| Other amounts payable | 47/48 | €69,537 | €57,275 | -€12,263 | -17.6% |
| Remuneration, social security and pensions | 62 | €12,348 | €34,326 | +€21,978 | +178.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,758 | €18,756 | +€1,999 | +11.9% |
| Other operating charges | 640/8 | €370 | €1,308 | +€938 | +253.3% |
| Gross operating margin | 9900 | €24,980 | €56,549 | +€31,569 | +126.4% |
| Operating profit (loss) | 9901 | -€4,496 | €2,158 | +€6,655 | |
| Financial income | 75/76B | €129 | - | -€129 | |
| Recurring financial income | 75 | €129 | - | -€129 | |
| Non-recurring financial income | 76B | €129 | - | -€129 | |
| Financial charges | 65/66B | €45 | €180 | +€135 | +296.1% |
| Recurring financial charges | 65 | €45 | €180 | +€135 | +296.1% |
| Profit (loss) for the period before taxes | 9903 | -€4,413 | €1,979 | +€6,391 | |
| Income taxes | 67/77 | €2,507 | - | -€2,507 | |
| Profit (loss) for the period | 9904 | -€6,920 | €1,979 | +€8,898 | |
| Profit (loss) for the period to be appropriated | 9905 | -€6,920 | €1,979 | +€8,898 |
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 11 October 2026 via checked.be.