MIVAS: 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.
What changed
MIVAS
NACE 88.993, Social work activities without accommodation
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€411,958
2024 · €189,529+€222,429
Equity
€28.1m
2024 · €27.5m+€617,652
Cash
€7.2m
2024 · €4.4m+€2.8m
Balance sheet total
€32.0m
2024 · €31.8m+€135,330
Largest movements
Assets
- Cash +€2.8m
up €2.8m (+62.9%), from €4.4m to €7.2m
mainly Current investments (+€2.3m) and Depreciation (+€1.0m)
- Current investments -€2.3m
down €2.3m (-19.1%), from €12.1m to €9.8m
- Tangible fixed assets -€463,218
down €463,218 (-4.1%), from €11.2m to €10.8m
of which Land and buildings: -€626,883
Equity and liabilities
- Profit (loss) carried forward +€411,958
up €411,958 (+6.6%), from €6.3m to €6.7m
Income statement
- Turnover -€819,264
down €819,264 (-6.6%), from €12.4m to €11.6m
- Financial income +€456,331
up €456,331 (+252.7%), from €180,609 to €636,941
of which Non-recurring financial income: +€555,129
- Services and other goods -€363,684
down €363,684 (-15.2%), from €2.4m to €2.0m
- Staff costs -€266,765
down €266,765 (-1.1%), from €23.7m to €23.5m
- Goods and materials -€183,381
down €183,381 (-15.9%), from €1.2m to €971,099
of which Purchases: -€116,150
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.
Result 2024
€189,529
Turnover
-€819,264
Other operating income
-€1,973
Goods and materials
+€183,381
Services and other goods
+€363,684
Staff costs
+€266,765
Depreciation
-€22,028
Write-downs
+€33,667
Other operating charges
+€6,711
Other operating items
-€206,160
Financial income
+€456,331
Financial charges
-€38,686
Result 2025
€411,958
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.
From operations
+€872,041
Investment
+€1.7m
Financing
+€205,694
Cash 2024
€4.4m
From operations (derived)
+€872,041
Net result for the year
+€411,958
Depreciation
+€1.0m
Smaller working-capital items
-€1,501
Receivables within one year
-€148,310
Deferred charges and accrued income
+€55,186
Provisions
-€9,355
Trade debts
-€317,840
Tax, wage and social debts
+€124,549
Accrued charges and deferred income
-€275,911
Investment (derived)
+€1.7m
Investment in fixed assets (net)
-€590,793
Current investments
+€2.3m
Financing
+€205,694
Contributions, distributions and other
+€205,694
Cash 2025
€7.2m
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €31,835,346 | €31,970,675 | +€135,330 | +0.4% |
| Fixed assets | 21/28 | €11,253,926 | €10,811,454 | -€442,472 | -3.9% |
| Tangible fixed assets | 22/27 | €11,214,742 | €10,751,524 | -€463,218 | -4.1% |
| Land and buildings | 22 | €9,851,185 | €9,224,302 | -€626,883 | -6.4% |
| Plant, machinery and equipment | 23 | €749,927 | €600,230 | -€149,697 | -20.0% |
| Furniture and vehicles | 24 | €367,627 | €321,746 | -€45,880 | -12.5% |
| Assets under construction and advance payments | 27 | €246,003 | €605,246 | +€359,243 | +146.0% |
| Financial fixed assets | 28 | €39,184 | €59,930 | +€20,746 | +52.9% |
| Other financial fixed assets | 284/8 | €39,184 | €59,930 | +€20,746 | +52.9% |
| Amounts receivable and cash guarantees | 285/8 | €39,184 | €59,930 | +€20,746 | +52.9% |
| Current assets | 29/58 | €20,581,420 | €21,159,221 | +€577,801 | +2.8% |
| Stocks and contracts in progress | 3 | €276,900 | €274,635 | -€2,265 | -0.8% |
| Stocks | 30/36 | €276,900 | €274,635 | -€2,265 | -0.8% |
| Raw materials and consumables | 30/31 | €276,900 | €274,635 | -€2,265 | -0.8% |
| Amounts receivable within one year | 40/41 | €3,481,167 | €3,629,477 | +€148,310 | +4.3% |
| Trade receivables | 40 | €2,510,298 | €3,029,209 | +€518,910 | +20.7% |
| Other amounts receivable | 41 | €970,868 | €600,268 | -€370,600 | -38.2% |
| Current investments | 50/53 | €12,094,956 | €9,790,533 | -€2.3m | -19.1% |
| Cash at bank and in hand | 54/58 | €4,435,130 | €7,226,496 | +€2.8m | +62.9% |
| Deferred charges and accrued income | 490/1 | €293,268 | €238,081 | -€55,186 | -18.8% |
| Total equity and liabilities | 10/49 | €31,835,346 | €31,970,675 | +€135,330 | +0.4% |
| Equity | 10/15 | €27,486,555 | €28,104,207 | +€617,652 | +2.2% |
| Contributions | 10/11 | €5,494,597 | €5,494,597 | = | 0.0% |
| Capital | 10 | €5,494,597 | €5,494,597 | = | 0.0% |
| Reserves | 13 | €15,150,000 | €15,150,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €6,259,083 | €6,671,041 | +€411,958 | +6.6% |
| Investment grants | 15 | €582,875 | €788,569 | +€205,694 | +35.3% |
| Provisions and deferred taxes | 16 | €27,523 | €18,168 | -€9,355 | -34.0% |
| Provisions for liabilities and charges | 160/5 | €27,523 | €18,168 | -€9,355 | -34.0% |
| Pensions and similar obligations | 160 | €27,523 | €18,168 | -€9,355 | -34.0% |
| Amounts payable | 17/49 | €4,321,268 | €3,848,300 | -€472,967 | -10.9% |
| Amounts payable within one year | 42/48 | €3,971,099 | €3,774,042 | -€197,057 | -5.0% |
| Trade debts | 44 | €532,434 | €214,594 | -€317,840 | -59.7% |
| Suppliers | 440/4 | €532,434 | €214,594 | -€317,840 | -59.7% |
| Advances received on contracts in progress | 46 | €3,766 | - | -€3,766 | |
| Taxes, remuneration and social security | 45 | €3,434,899 | €3,559,448 | +€124,549 | +3.6% |
| Taxes | 450/3 | €146,467 | €237,816 | +€91,349 | +62.4% |
| Remuneration and social security | 454/9 | €3,288,432 | €3,321,632 | +€33,200 | +1.0% |
| Accrued charges and deferred income | 492/3 | €350,169 | €74,258 | -€275,911 | -78.8% |
| Operating income | 70/76A | €28,448,597 | €27,411,742 | -€1.0m | -3.6% |
| Turnover | 70 | €12,412,386 | €11,593,122 | -€819,264 | -6.6% |
| Other operating income | 74 | €376,786 | €374,813 | -€1,973 | -0.5% |
| Non-recurring operating income | 76A | €4,346 | €1,331 | -€3,015 | -69.4% |
| Operating charges | 60/66A | €28,416,319 | €27,574,681 | -€841,638 | -3.0% |
| Goods for resale, raw materials and consumables | 60 | €1,154,480 | €971,099 | -€183,381 | -15.9% |
| Purchases | 600/8 | €1,084,984 | €968,834 | -€116,150 | -10.7% |
| Change in stocks: decrease (increase) | 609 | €69,496 | €2,265 | -€67,231 | -96.7% |
| Services and other goods | 61 | €2,398,754 | €2,035,071 | -€363,684 | -15.2% |
| Remuneration, social security and pensions | 62 | €23,741,258 | €23,474,493 | -€266,765 | -1.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,011,236 | €1,033,265 | +€22,028 | +2.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €37,050 | €3,384 | -€33,667 | -90.9% |
| Other operating charges | 640/8 | €68,964 | €62,253 | -€6,711 | -9.7% |
| Non-recurring operating charges | 66A | €1,311 | €4,472 | +€3,161 | +241.1% |
| Operating profit (loss) | 9901 | €32,278 | -€162,939 | -€195,217 | |
| Financial income | 75/76B | €180,609 | €636,941 | +€456,331 | +252.7% |
| Recurring financial income | 75 | €180,081 | €81,284 | -€98,797 | -54.9% |
| Income from current assets | 751 | €178,249 | €80,827 | -€97,422 | -54.7% |
| Other financial income | 752/9 | €1,832 | €458 | -€1,375 | -75.0% |
| Non-recurring financial income | 76B | €528 | €555,656 | +€555,129 | +105161.9% |
| Financial charges | 65/66B | €23,358 | €62,044 | +€38,686 | +165.6% |
| Recurring financial charges | 65 | €23,358 | €62,044 | +€38,686 | +165.6% |
| Write-downs on current assets other than stocks, contracts in progress and trade receivables: additions (reversals) | 651 | -€56,032 | €4,436 | +€60,469 | |
| Other financial charges | 652/9 | €79,390 | €57,608 | -€21,783 | -27.4% |
| Profit (loss) for the period before taxes | 9903 | €189,529 | €411,958 | +€222,429 | +117.4% |
| Profit (loss) for the period | 9904 | €189,529 | €411,958 | +€222,429 | +117.4% |
| Profit (loss) for the period to be appropriated | 9905 | €189,529 | €411,958 | +€222,429 | +117.4% |
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.