MIVERBO: 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.
MIVERBO
Largest movements
- Cash -€53,485
down €53,485 (-19.8%), from €270,658 to €217,173
mainly Contributions, distributions and other (-€80,000) and Tax, wage and social debts (-€20,363)
- Tangible fixed assets -€6,642
down €6,642 (-8.2%), from €80,784 to €74,142
of which Furniture and vehicles: -€15,660
- Profit (loss) carried forward -€27,679
down €27,679 (-9.9%), from €279,736 to €252,057
- Tax, wage and social debts -€20,363
down €20,363 (-59.5%), from €34,209 to €13,846
- Debts after one year -€15,261
down €15,261 (-70.3%), from €21,700 to €6,439
- Turnover -€93,000
down €93,000 (-48.4%), from €192,000 to €99,000
- Taxes -€26,705
down €26,705 (-59.9%), from €44,551 to €17,846
- Depreciation +€10,551
up €10,551 (+118%), from €8,940 to €19,491
- Other operating income -€5,778
down €5,778 (-65.5%), from €8,816 to €3,039
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 | €354,691 | €292,645 | -€62,046 | -17.5% |
| Fixed assets | 21/28 | €80,784 | €74,142 | -€6,642 | -8.2% |
| Tangible fixed assets | 22/27 | €80,784 | €74,142 | -€6,642 | -8.2% |
| Plant, machinery and equipment | 23 | €1,766 | €10,784 | +€9,018 | +511% |
| Furniture and vehicles | 24 | €79,018 | €63,358 | -€15,660 | -19.8% |
| Current assets | 29/58 | €273,908 | €218,503 | -€55,404 | -20.2% |
| Amounts receivable within one year | 40/41 | €2,500 | €532 | -€1,968 | -78.7% |
| Other amounts receivable | 41 | €2,500 | €532 | -€1,968 | -78.7% |
| Cash at bank and in hand | 54/58 | €270,658 | €217,173 | -€53,485 | -19.8% |
| Deferred charges and accrued income | 490/1 | €750 | €799 | +€49 | +6.6% |
| Total equity and liabilities | 10/49 | €354,691 | €292,645 | -€62,046 | -17.5% |
| Equity | 10/15 | €281,736 | €254,057 | -€27,679 | -9.8% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €279,736 | €252,057 | -€27,679 | -9.9% |
| Amounts payable | 17/49 | €72,956 | €38,588 | -€34,367 | -47.1% |
| Amounts payable after more than one year | 17 | €21,700 | €6,439 | -€15,261 | -70.3% |
| Financial debts | 170/4 | €21,700 | €6,439 | -€15,261 | -70.3% |
| Credit institutions | 173 | €21,700 | €6,439 | -€15,261 | -70.3% |
| Amounts payable within one year | 42/48 | €51,255 | €32,149 | -€19,106 | -37.3% |
| Current portion of amounts payable after more than one year | 42 | €14,993 | €15,261 | +€268 | +1.8% |
| Trade debts | 44 | €2,053 | €2,242 | +€189 | +9.2% |
| Suppliers | 440/4 | €2,053 | €2,242 | +€189 | +9.2% |
| Taxes, remuneration and social security | 45 | €34,209 | €13,846 | -€20,363 | -59.5% |
| Taxes | 450/3 | €34,209 | €13,846 | -€20,363 | -59.5% |
| Other amounts payable | 47/48 | - | €800 | +€800 | |
| Operating income | 70/76A | €200,816 | €102,039 | -€98,778 | -49.2% |
| Turnover | 70 | €192,000 | €99,000 | -€93,000 | -48.4% |
| Other operating income | 74 | €8,816 | €3,039 | -€5,778 | -65.5% |
| Operating charges | 60/66A | €18,477 | €30,782 | +€12,305 | +66.6% |
| Services and other goods | 61 | €8,910 | €10,733 | +€1,823 | +20.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,940 | €19,491 | +€10,551 | +118% |
| Other operating charges | 640/8 | €627 | €558 | -€69 | -11.0% |
| Operating profit (loss) | 9901 | €182,339 | €71,256 | -€111,083 | -60.9% |
| Financial charges | 65/66B | €1,303 | €1,090 | -€214 | -16.4% |
| Recurring financial charges | 65 | €1,303 | €1,090 | -€214 | -16.4% |
| Debt charges | 650 | €1,112 | €878 | -€235 | -21.1% |
| Other financial charges | 652/9 | €191 | €212 | +€21 | +11.0% |
| Profit (loss) for the period before taxes | 9903 | €181,036 | €70,167 | -€110,870 | -61.2% |
| Income taxes | 67/77 | €44,551 | €17,846 | -€26,705 | -59.9% |
| Taxes | 670/3 | €44,551 | €17,846 | -€26,705 | -59.9% |
| Profit (loss) for the period | 9904 | €136,485 | €52,321 | -€84,164 | -61.7% |
| Profit (loss) for the period to be appropriated | 9905 | €136,485 | €52,321 | -€84,164 | -61.7% |
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 15 October 2026 via checked.be.