MIVI: 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.
MIVI
Largest movements
- Current investments +€61,457
up €61,457 (+40.7%), from €151,038 to €212,495
- Reserves +€73,249
up €73,249 (+40.8%), from €179,430 to €252,679
- Tax, wage and social debts -€21,698
down €21,698 (-73.9%), from €29,356 to €7,659
- Other debts +€11,765
new in 2025: €11,765
- Financial income -€21,335
down €21,335 (-91.1%), from €23,416 to €2,081
- Taxes -€4,952
down €4,952 (-11.5%), from €43,235 to €38,283
- Gross operating margin -€2,752
down €2,752 (-2.2%), from €127,313 to €124,561
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €221,186 | €284,502 | +€63,316 | +28.6% |
| Fixed assets | 21/28 | €30,779 | €29,528 | -€1,250 | -4.1% |
| Tangible fixed assets | 22/27 | €13,904 | €12,653 | -€1,250 | -9.0% |
| Plant, machinery and equipment | 23 | €729 | €328 | -€401 | -55.0% |
| Furniture and vehicles | 24 | €13,175 | €12,325 | -€850 | -6.4% |
| Financial fixed assets | 28 | €16,875 | €16,875 | = | 0.0% |
| Current assets | 29/58 | €190,408 | €254,974 | +€64,566 | +33.9% |
| Amounts receivable after more than one year | 29 | €5,240 | €5,240 | = | 0.0% |
| Other amounts receivable | 291 | €5,240 | €5,240 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €108 | €108 | = | 0.0% |
| Other amounts receivable | 41 | €108 | €108 | = | 0.0% |
| Current investments | 50/53 | €151,038 | €212,495 | +€61,457 | +40.7% |
| Cash at bank and in hand | 54/58 | €21,636 | €22,691 | +€1,055 | +4.9% |
| Deferred charges and accrued income | 490/1 | €12,385 | €14,440 | +€2,054 | +16.6% |
| Total equity and liabilities | 10/49 | €221,186 | €284,502 | +€63,316 | +28.6% |
| Equity | 10/15 | €191,830 | €265,079 | +€73,249 | +38.2% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €179,430 | €252,679 | +€73,249 | +40.8% |
| Distributable reserves | 133 | €179,430 | €252,679 | +€73,249 | +40.8% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €29,356 | €19,423 | -€9,933 | -33.8% |
| Amounts payable within one year | 42/48 | €29,356 | €19,423 | -€9,933 | -33.8% |
| Taxes, remuneration and social security | 45 | €29,356 | €7,659 | -€21,698 | -73.9% |
| Taxes | 450/3 | €29,356 | €7,659 | -€21,698 | -73.9% |
| Other amounts payable | 47/48 | - | €11,765 | +€11,765 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,644 | €2,675 | +€32 | +1.2% |
| Other operating charges | 640/8 | €505 | €520 | +€14 | +2.8% |
| Gross operating margin | 9900 | €127,313 | €124,561 | -€2,752 | -2.2% |
| Operating profit (loss) | 9901 | €124,164 | €121,366 | -€2,798 | -2.3% |
| Financial income | 75/76B | €23,416 | €2,081 | -€21,335 | -91.1% |
| Recurring financial income | 75 | €23,416 | €2,081 | -€21,335 | -91.1% |
| Financial charges | 65/66B | €135 | €150 | +€15 | +11.1% |
| Recurring financial charges | 65 | €135 | €150 | +€15 | +11.1% |
| Profit (loss) for the period before taxes | 9903 | €147,445 | €123,297 | -€24,148 | -16.4% |
| Income taxes | 67/77 | €43,235 | €38,283 | -€4,952 | -11.5% |
| Profit (loss) for the period | 9904 | €104,210 | €85,014 | -€19,196 | -18.4% |
| Profit (loss) for the period to be appropriated | 9905 | €104,210 | €85,014 | -€19,196 | -18.4% |
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 1 October 2026 via checked.be.