MISYL: 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.
MISYL
Largest movements
- Deferred charges and accrued income +€3,902
up €3,902 (+452.4%), from €862 to €4,764
- Cash +€3,815
up €3,815 (+113.0%), from €3,377 to €7,192
mainly Net result for the year (+€11,595) and Depreciation (+€5,485)
- Receivables within one year -€2,889
down €2,889 (-80.7%), from €3,578 to €689
of which Trade receivables: -€2,367
- Tangible fixed assets -€1,485
down €1,485 (-14.4%), from €10,336 to €8,852
of which Furniture and vehicles: -€4,800
- Profit (loss) carried forward +€11,595
up €11,595 (+77.3%), from -€14,998 to -€3,403
- Other debts -€4,552
down €4,552 (-36.5%), from €12,458 to €7,905
- Advances received -€2,500
no longer reported in 2025 (was €2,500)
- Trade debts -€977
down €977 (-62.9%), from €1,553 to €576
- Gross operating margin +€19,458
up €19,458, from -€1,000 to €18,459
- Depreciation -€1,220
down €1,220 (-18.2%), from €6,705 to €5,485
- Write-downs +€209
up €209 (+680.7%), from €31 to €240
- Financial income -€193
down €193 (-98.9%), from €195 to €2
of which Non-recurring financial income: -€188
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 | €22,472 | €25,814 | +€3,342 | +14.9% |
| Fixed assets | 21/28 | €10,336 | €8,852 | -€1,485 | -14.4% |
| Tangible fixed assets | 22/27 | €10,336 | €8,852 | -€1,485 | -14.4% |
| Plant, machinery and equipment | 23 | €3,617 | €6,932 | +€3,315 | +91.7% |
| Furniture and vehicles | 24 | €6,720 | €1,920 | -€4,800 | -71.4% |
| Current assets | 29/58 | €12,136 | €16,963 | +€4,827 | +39.8% |
| Stocks and contracts in progress | 3 | €4,319 | €4,318 | -€1 | 0.0% |
| Stocks | 30/36 | €4,319 | €4,318 | -€1 | 0.0% |
| Amounts receivable within one year | 40/41 | €3,578 | €689 | -€2,889 | -80.7% |
| Trade receivables | 40 | €2,744 | €377 | -€2,367 | -86.3% |
| Other amounts receivable | 41 | €834 | €312 | -€522 | -62.6% |
| Cash at bank and in hand | 54/58 | €3,377 | €7,192 | +€3,815 | +113.0% |
| Deferred charges and accrued income | 490/1 | €862 | €4,764 | +€3,902 | +452.4% |
| Total equity and liabilities | 10/49 | €22,472 | €25,814 | +€3,342 | +14.9% |
| Equity | 10/15 | €5,462 | €17,057 | +€11,595 | +212.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€14,998 | -€3,403 | +€11,595 | +77.3% |
| Amounts payable | 17/49 | €17,010 | €8,757 | -€8,253 | -48.5% |
| Amounts payable within one year | 42/48 | €17,010 | €8,757 | -€8,253 | -48.5% |
| Trade debts | 44 | €1,553 | €576 | -€977 | -62.9% |
| Suppliers | 440/4 | €1,553 | €576 | -€977 | -62.9% |
| Advances received on contracts in progress | 46 | €2,500 | - | -€2,500 | |
| Taxes, remuneration and social security | 45 | €500 | €277 | -€223 | -44.7% |
| Taxes | 450/3 | - | €277 | +€277 | |
| Remuneration and social security | 454/9 | €500 | - | -€500 | |
| Other amounts payable | 47/48 | €12,458 | €7,905 | -€4,552 | -36.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,705 | €5,485 | -€1,220 | -18.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €31 | €240 | +€209 | +680.7% |
| Other operating charges | 640/8 | €902 | €933 | +€32 | +3.5% |
| Gross operating margin | 9900 | -€1,000 | €18,459 | +€19,458 | |
| Operating profit (loss) | 9901 | -€8,637 | €11,801 | +€20,438 | |
| Financial income | 75/76B | €195 | €2 | -€193 | -98.9% |
| Recurring financial income | 75 | €7 | €2 | -€5 | -69.0% |
| Non-recurring financial income | 76B | €188 | - | -€188 | |
| Financial charges | 65/66B | €96 | €105 | +€9 | +9.0% |
| Recurring financial charges | 65 | €96 | €105 | +€9 | +9.0% |
| Profit (loss) for the period before taxes | 9903 | -€8,538 | €11,698 | +€20,236 | |
| Income taxes | 67/77 | - | €103 | +€103 | |
| Profit (loss) for the period | 9904 | -€8,538 | €11,595 | +€20,133 | |
| Profit (loss) for the period to be appropriated | 9905 | -€8,538 | €11,595 | +€20,133 |
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 28 September 2026 via checked.be.