MIVAN: 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.
MIVAN
Largest movements
- Receivables within one year -€14,854
down €14,854 (-38.8%), from €38,236 to €23,382
of which Other amounts receivable: -€8,916
- Tangible fixed assets -€5,882
down €5,882 (-14.8%), from €39,858 to €33,977
of which Furniture and vehicles: -€5,882
- Cash +€2,803
up €2,803 (+45.4%), from €6,171 to €8,973
mainly Receivables within one year (+€14,854) and Depreciation (+€9,436)
- Trade debts -€12,712
down €12,712 (-72.0%), from €17,659 to €4,947
- Debts after one year -€4,973
down €4,973 (-31.0%), from €16,038 to €11,064
- Reserves -€1,115
down €1,115 (-3.9%), from €28,668 to €27,554
- Tax, wage and social debts +€904
up €904 (+20.3%), from €4,454 to €5,358
- Gross operating margin +€3,766
up €3,766 (+36.7%), from €10,268 to €14,035
- Taxes +€1,225
up €1,225 (+81.1%), from €1,510 to €2,734
- Financial charges -€770
down €770 (-59.8%), from €1,288 to €518
- Depreciation +€650
up €650 (+7.4%), from €8,786 to €9,436
- Financial income -€262
down €262 (-20.0%), from €1,306 to €1,044
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 | €90,186 | €72,632 | -€17,554 | -19.5% |
| Fixed assets | 21/28 | €39,858 | €33,977 | -€5,882 | -14.8% |
| Tangible fixed assets | 22/27 | €39,858 | €33,977 | -€5,882 | -14.8% |
| Land and buildings | 22 | €5,280 | €5,280 | = | 0.0% |
| Furniture and vehicles | 24 | €34,578 | €28,696 | -€5,882 | -17.0% |
| Current assets | 29/58 | €50,327 | €38,655 | -€11,672 | -23.2% |
| Amounts receivable within one year | 40/41 | €38,236 | €23,382 | -€14,854 | -38.8% |
| Trade receivables | 40 | €12,779 | €6,841 | -€5,938 | -46.5% |
| Other amounts receivable | 41 | €25,457 | €16,541 | -€8,916 | -35.0% |
| Current investments | 50/53 | €4,467 | €4,880 | +€413 | +9.2% |
| Cash at bank and in hand | 54/58 | €6,171 | €8,973 | +€2,803 | +45.4% |
| Deferred charges and accrued income | 490/1 | €1,454 | €1,420 | -€33 | -2.3% |
| Total equity and liabilities | 10/49 | €90,186 | €72,632 | -€17,554 | -19.5% |
| Equity | 10/15 | €47,268 | €46,154 | -€1,115 | -2.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €28,668 | €27,554 | -€1,115 | -3.9% |
| Distributable reserves | 133 | €28,668 | €27,554 | -€1,115 | -3.9% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €42,918 | €26,478 | -€16,439 | -38.3% |
| Amounts payable after more than one year | 17 | €16,038 | €11,064 | -€4,973 | -31.0% |
| Financial debts | 170/4 | €16,038 | €11,064 | -€4,973 | -31.0% |
| Amounts payable within one year | 42/48 | €26,880 | €15,414 | -€11,466 | -42.7% |
| Current portion of amounts payable after more than one year | 42 | €4,767 | €4,973 | +€207 | +4.3% |
| Trade debts | 44 | €17,659 | €4,947 | -€12,712 | -72.0% |
| Suppliers | 440/4 | €17,659 | €4,947 | -€12,712 | -72.0% |
| Taxes, remuneration and social security | 45 | €4,454 | €5,358 | +€904 | +20.3% |
| Taxes | 450/3 | €4,454 | €5,358 | +€904 | +20.3% |
| Other amounts payable | 47/48 | €0 | €135 | +€135 | |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,786 | €9,436 | +€650 | +7.4% |
| Other operating charges | 640/8 | €2,619 | €2,513 | -€106 | -4.1% |
| Non-recurring operating charges | 66A | - | €992 | +€992 | |
| Gross operating margin | 9900 | €10,268 | €14,035 | +€3,766 | +36.7% |
| Operating profit (loss) | 9901 | -€1,136 | €1,094 | +€2,230 | |
| Financial income | 75/76B | €1,306 | €1,044 | -€262 | -20.0% |
| Recurring financial income | 75 | €1,306 | €1,044 | -€262 | -20.0% |
| Financial charges | 65/66B | €1,288 | €518 | -€770 | -59.8% |
| Recurring financial charges | 65 | €1,288 | €518 | -€770 | -59.8% |
| Profit (loss) for the period before taxes | 9903 | -€1,119 | €1,620 | +€2,738 | |
| Income taxes | 67/77 | €1,510 | €2,734 | +€1,225 | +81.1% |
| Profit (loss) for the period | 9904 | -€2,628 | -€1,115 | +€1,514 | +57.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€2,628 | -€1,115 | +€1,514 | +57.6% |
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 3 October 2026 via checked.be.