MIVERCON: 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.
MIVERCON
Largest movements
- Cash +€25,248
up €25,248 (+5.1%), from €494,381 to €519,629
mainly Net result for the year (+€94,790) and Other debts (+€8,637)
- Reserves +€14,702
up €14,702 (+3.4%), from €435,506 to €450,208
- Other debts +€8,637
up €8,637 (+11.8%), from €72,925 to €81,562
- Contributions -€6,200
no longer reported in 2025 (was €6,200)
- Gross operating margin +€27,554
up €27,554 (+26.1%), from €105,479 to €133,032
- Taxes +€8,458
up €8,458 (+29.0%), from €29,141 to €37,599
- Depreciation +€1,413
up €1,413 (+121%), from €1,164 to €2,577
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 | €519,688 | €541,876 | +€22,188 | +4.3% |
| Fixed assets | 21/28 | €4,416 | €4,896 | +€480 | +10.9% |
| Tangible fixed assets | 22/27 | €4,416 | €4,896 | +€480 | +10.9% |
| Plant, machinery and equipment | 23 | €4,416 | €4,896 | +€480 | +10.9% |
| Current assets | 29/58 | €515,272 | €536,980 | +€21,707 | +4.2% |
| Amounts receivable within one year | 40/41 | €4,023 | €132 | -€3,890 | -96.7% |
| Other amounts receivable | 41 | €4,023 | €132 | -€3,890 | -96.7% |
| Cash at bank and in hand | 54/58 | €494,381 | €519,629 | +€25,248 | +5.1% |
| Deferred charges and accrued income | 490/1 | €16,869 | €17,219 | +€350 | +2.1% |
| Total equity and liabilities | 10/49 | €519,688 | €541,876 | +€22,188 | +4.3% |
| Equity | 10/15 | €441,706 | €450,208 | +€8,502 | +1.9% |
| Contributions | 10/11 | €6,200 | - | -€6,200 | |
| Reserves | 13 | €435,506 | €450,208 | +€14,702 | +3.4% |
| Distributable reserves | 133 | €435,506 | €450,208 | +€14,702 | +3.4% |
| Amounts payable | 17/49 | €77,982 | €91,668 | +€13,686 | +17.6% |
| Amounts payable within one year | 42/48 | €77,098 | €90,801 | +€13,703 | +17.8% |
| Trade debts | 44 | €31 | €385 | +€354 | +1,124% |
| Suppliers | 440/4 | €31 | €385 | +€354 | +1,124% |
| Taxes, remuneration and social security | 45 | €4,142 | €8,854 | +€4,712 | +114% |
| Taxes | 450/3 | €4,142 | €8,854 | +€4,712 | +114% |
| Other amounts payable | 47/48 | €72,925 | €81,562 | +€8,637 | +11.8% |
| Accrued charges and deferred income | 492/3 | €884 | €867 | -€17 | -2.0% |
| Non-recurring operating income | 76A | €216 | €216 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,164 | €2,577 | +€1,413 | +121% |
| Other operating charges | 640/8 | €499 | €513 | +€14 | +2.8% |
| Gross operating margin | 9900 | €105,479 | €133,032 | +€27,554 | +26.1% |
| Operating profit (loss) | 9901 | €103,815 | €129,942 | +€26,127 | +25.2% |
| Financial income | 75/76B | €1,972 | €2,500 | +€528 | +26.8% |
| Recurring financial income | 75 | €1,972 | €2,500 | +€528 | +26.8% |
| Financial charges | 65/66B | €48 | €53 | +€5 | +9.4% |
| Recurring financial charges | 65 | €48 | €53 | +€5 | +9.4% |
| Profit (loss) for the period before taxes | 9903 | €105,739 | €132,389 | +€26,651 | +25.2% |
| Income taxes | 67/77 | €29,141 | €37,599 | +€8,458 | +29.0% |
| Profit (loss) for the period | 9904 | €76,597 | €94,790 | +€18,193 | +23.8% |
| Profit (loss) for the period to be appropriated | 9905 | €76,597 | €94,790 | +€18,193 | +23.8% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 18 October 2026 via checked.be.