MIVECO.COM: what changed
What changed
MIVECO.COM
NACE 62.100, Computer programming
filed annual accounts (NBB)
Net result for the year
€384,880
2024 · €225,803+€159,077
Equity
€417,557
2024 · €32,678+€384,880
Cash
€90,452
2024 · €41,123+€49,329
Balance sheet total
€695,546
2024 · €380,187+€315,359
Largest movements
Assets
- Receivables within one year +€267,353
up €267,353 (+120%), from €223,367 to €490,720
of which Other amounts receivable: +€296,521
- Cash +€49,329
up €49,329 (+120%), from €41,123 to €90,452
mainly Net result for the year (+€384,880) and Depreciation (+€25,481)
- Deferred charges and accrued income +€18,333
new in 2025: €18,333
- Tangible fixed assets -€14,954
down €14,954 (-15.6%), from €95,689 to €80,735
of which Furniture and vehicles: -€22,790
Equity and liabilities
- Profit (loss) carried forward +€384,880
up €384,880 (+1,401%), from €27,463 to €412,343
- Trade debts -€24,226
down €24,226 (-13.5%), from €179,744 to €155,519
- Tax, wage and social debts -€23,399
down €23,399 (-30.5%), from €76,658 to €53,259
of which Taxes: -€47,112
- Debts after one year -€19,024
down €19,024 (-27.6%), from €69,005 to €49,981
Income statement
- Gross operating margin +€240,832
up €240,832 (+39.9%), from €604,114 to €844,947
- Taxes -€84,448
down €84,448 (-98.4%), from €85,859 to €1,411
- Depreciation -€35,010
down €35,010 (-57.9%), from €60,491 to €25,481
- Staff costs +€11,426
up €11,426 (+5.5%), from €207,847 to €219,273
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€225,803
Gross operating margin
+€240,832
Staff costs
-€11,426
Depreciation
+€35,010
Other operating charges
+€1,935
Other operating items
-€194,967
Financial income
+€309
Financial charges
+€2,935
Taxes
+€84,448
Result 2025
€384,880
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€73,273
Investment
-€5,825
Financing
-€18,119
Cash 2024
€41,123
From operations (derived)
+€73,273
Net result for the year
+€384,880
Depreciation
+€25,481
Receivables within one year
-€267,353
Deferred charges and accrued income
-€18,333
Trade debts
-€24,226
Tax, wage and social debts
-€23,399
Other debts
-€3,777
Investment (derived)
-€5,825
Investment in fixed assets (net)
-€5,825
Financing
-€18,119
Debts after one year
-€19,024
Current portion of long-term debt
+€904
Cash 2025
€90,452
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €380,187 | €695,546 | +€315,359 | +82.9% |
| Fixed assets | 21/28 | €105,071 | €85,415 | -€19,656 | -18.7% |
| Intangible fixed assets | 21 | €2,404 | €1,202 | -€1,202 | -50.0% |
| Tangible fixed assets | 22/27 | €95,689 | €80,735 | -€14,954 | -15.6% |
| Plant, machinery and equipment | 23 | €2,005 | €9,841 | +€7,836 | +391% |
| Furniture and vehicles | 24 | €93,684 | €70,894 | -€22,790 | -24.3% |
| Financial fixed assets | 28 | €6,978 | €3,478 | -€3,500 | -50.2% |
| Current assets | 29/58 | €275,116 | €610,131 | +€335,015 | +122% |
| Stocks and contracts in progress | 3 | €10,626 | €10,626 | = | 0.0% |
| Stocks | 30/36 | €10,626 | €10,626 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €223,367 | €490,720 | +€267,353 | +120% |
| Trade receivables | 40 | €199,473 | €170,305 | -€29,168 | -14.6% |
| Other amounts receivable | 41 | €23,894 | €320,414 | +€296,521 | +1,241% |
| Cash at bank and in hand | 54/58 | €41,123 | €90,452 | +€49,329 | +120% |
| Deferred charges and accrued income | 490/1 | - | €18,333 | +€18,333 | |
| Total equity and liabilities | 10/49 | €380,187 | €695,546 | +€315,359 | +82.9% |
| Equity | 10/15 | €32,678 | €417,557 | +€384,880 | +1,178% |
| Contributions | 10/11 | €2,804 | €2,804 | = | 0.0% |
| Reserves | 13 | €2,410 | €2,410 | = | 0.0% |
| Tax-exempt reserves | 132 | €2,410 | €2,410 | = | 0.0% |
| Profit (loss) carried forward | 14 | €27,463 | €412,343 | +€384,880 | +1,401% |
| Amounts payable | 17/49 | €347,509 | €277,989 | -€69,521 | -20.0% |
| Amounts payable after more than one year | 17 | €69,005 | €49,981 | -€19,024 | -27.6% |
| Financial debts | 170/4 | €69,005 | €49,981 | -€19,024 | -27.6% |
| Amounts payable within one year | 42/48 | €278,298 | €227,801 | -€50,497 | -18.1% |
| Current portion of amounts payable after more than one year | 42 | €18,119 | €19,024 | +€904 | +5.0% |
| Trade debts | 44 | €179,744 | €155,519 | -€24,226 | -13.5% |
| Suppliers | 440/4 | €179,744 | €155,519 | -€24,226 | -13.5% |
| Taxes, remuneration and social security | 45 | €76,658 | €53,259 | -€23,399 | -30.5% |
| Taxes | 450/3 | €52,648 | €5,537 | -€47,112 | -89.5% |
| Remuneration and social security | 454/9 | €24,009 | €47,722 | +€23,713 | +98.8% |
| Other amounts payable | 47/48 | €3,777 | €0 | -€3,777 | -100% |
| Accrued charges and deferred income | 492/3 | €206 | €206 | = | 0.0% |
| Non-recurring operating income | 76A | €16,500 | €746 | -€15,754 | -95.5% |
| Remuneration, social security and pensions | 62 | €207,847 | €219,273 | +€11,426 | +5.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €60,491 | €25,481 | -€35,010 | -57.9% |
| Other operating charges | 640/8 | €3,729 | €1,794 | -€1,935 | -51.9% |
| Non-recurring operating charges | 66A | - | €194,967 | +€194,967 | |
| Gross operating margin | 9900 | €604,114 | €844,947 | +€240,832 | +39.9% |
| Operating profit (loss) | 9901 | €332,047 | €403,431 | +€71,384 | +21.5% |
| Financial income | 75/76B | €250 | €560 | +€309 | +124% |
| Recurring financial income | 75 | €250 | €560 | +€309 | +124% |
| Financial charges | 65/66B | €20,635 | €17,700 | -€2,935 | -14.2% |
| Recurring financial charges | 65 | €20,635 | €17,700 | -€2,935 | -14.2% |
| Profit (loss) for the period before taxes | 9903 | €311,662 | €386,291 | +€74,629 | +23.9% |
| Income taxes | 67/77 | €85,859 | €1,411 | -€84,448 | -98.4% |
| Profit (loss) for the period | 9904 | €225,803 | €384,880 | +€159,077 | +70.4% |
| Profit (loss) for the period to be appropriated | 9905 | €225,803 | €384,880 | +€159,077 | +70.4% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 7 November 2026 via checked.be.