MIVELA: 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.
MIVELA
Largest movements
- Tangible fixed assets +€3,245
new in 2025: €3,245
- Cash +€1,729
up €1,729 (+11.1%), from €15,624 to €17,352
mainly Tax, wage and social debts (+€4,613) and Net result for the year (+€1,519)
- Receivables within one year -€464
down €464 (-41.5%), from €1,119 to €655
of which Other amounts receivable: -€1,119
- Tax, wage and social debts +€4,613
up €4,613 (+256%), from €1,800 to €6,413
- Trade debts -€1,088
down €1,088 (-76.3%), from €1,425 to €338
- Reserves +€1,000
up €1,000 (+15.4%), from €6,500 to €7,500
- Other debts -€536
down €536 (-76.0%), from €704 to €169
- Profit (loss) carried forward +€519
up €519 (+166%), from €313 to €832
- Gross operating margin -€4,604
down €4,604 (-45.7%), from €10,083 to €5,478
- Taxes -€840
down €840 (-41.0%), from €2,050 to €1,210
- Financial charges +€731
up €731 (+108%), from €677 to €1,408
- Depreciation +€426
new in 2025: €426
- Other operating charges +€372
up €372 (+68.5%), from €543 to €914
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.
Derived cash bridge
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 | €16,742 | €21,252 | +€4,509 | +26.9% |
| Fixed assets | 21/28 | - | €3,245 | +€3,245 | |
| Tangible fixed assets | 22/27 | - | €3,245 | +€3,245 | |
| Furniture and vehicles | 24 | - | €3,245 | +€3,245 | |
| Current assets | 29/58 | €16,742 | €18,007 | +€1,264 | +7.6% |
| Amounts receivable within one year | 40/41 | €1,119 | €655 | -€464 | -41.5% |
| Trade receivables | 40 | - | €655 | +€655 | |
| Other amounts receivable | 41 | €1,119 | - | -€1,119 | |
| Cash at bank and in hand | 54/58 | €15,624 | €17,352 | +€1,729 | +11.1% |
| Total equity and liabilities | 10/49 | €16,742 | €21,252 | +€4,509 | +26.9% |
| Equity | 10/15 | €11,813 | €13,332 | +€1,519 | +12.9% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €6,500 | €7,500 | +€1,000 | +15.4% |
| Distributable reserves | 133 | €6,500 | €7,500 | +€1,000 | +15.4% |
| Profit (loss) carried forward | 14 | €313 | €832 | +€519 | +166% |
| Amounts payable | 17/49 | €4,930 | €7,920 | +€2,990 | +60.7% |
| Amounts payable within one year | 42/48 | €3,930 | €6,920 | +€2,990 | +76.1% |
| Trade debts | 44 | €1,425 | €338 | -€1,088 | -76.3% |
| Suppliers | 440/4 | €1,425 | €338 | -€1,088 | -76.3% |
| Taxes, remuneration and social security | 45 | €1,800 | €6,413 | +€4,613 | +256% |
| Taxes | 450/3 | €1,800 | €6,413 | +€4,613 | +256% |
| Other amounts payable | 47/48 | €704 | €169 | -€536 | -76.0% |
| Accrued charges and deferred income | 492/3 | €1,000 | €1,000 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €426 | +€426 | |
| Other operating charges | 640/8 | €543 | €914 | +€372 | +68.5% |
| Gross operating margin | 9900 | €10,083 | €5,478 | -€4,604 | -45.7% |
| Operating profit (loss) | 9901 | €9,540 | €4,137 | -€5,403 | -56.6% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €677 | €1,408 | +€731 | +108% |
| Recurring financial charges | 65 | €677 | €1,408 | +€731 | +108% |
| Profit (loss) for the period before taxes | 9903 | €8,863 | €2,730 | -€6,133 | -69.2% |
| Income taxes | 67/77 | €2,050 | €1,210 | -€840 | -41.0% |
| Profit (loss) for the period | 9904 | €6,813 | €1,519 | -€5,293 | -77.7% |
| Profit (loss) for the period to be appropriated | 9905 | €6,813 | €1,519 | -€5,293 | -77.7% |
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 14 October 2026 via checked.be.