MIVID: 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.
MIVID
Largest movements
- Stocks and contracts +€20,300
new in 2025: €20,300
- Receivables within one year +€6,232
up €6,232 (+74.0%), from €8,423 to €14,654
of which Other amounts receivable: +€5,912
- Tangible fixed assets -€4,230
down €4,230 (-17.1%), from €24,684 to €20,454
of which Furniture and vehicles: -€5,110
- Cash +€2,743
up €2,743 (+13.0%), from €21,086 to €23,829
mainly Net result for the year (+€14,218) and Trade debts (+€9,770)
- Profit (loss) carried forward +€14,218
up €14,218 (+165%), from €8,593 to €22,811
- Trade debts +€9,770
up €9,770 (+131%), from €7,434 to €17,204
- Tax, wage and social debts +€5,095
up €5,095 (+41.1%), from €12,408 to €17,503
of which Taxes: +€4,986
- Debts after one year -€4,577
down €4,577 (-26.1%), from €17,544 to €12,968
- Advances received +€3,900
new in 2025: €3,900
- Gross operating margin +€25,243
up €25,243 (+37.8%), from €66,765 to €92,007
- Other operating charges +€5,591
up €5,591 (+118%), from €4,746 to €10,337
- Depreciation +€4,632
up €4,632 (+534%), from €868 to €5,500
- Taxes +€2,602
up €2,602 (+134%), from €1,943 to €4,545
- Staff costs +€1,422
up €1,422 (+2.6%), from €53,691 to €55,113
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 | €62,153 | €87,198 | +€25,045 | +40.3% |
| Fixed assets | 21/28 | €32,644 | €28,414 | -€4,230 | -13.0% |
| Tangible fixed assets | 22/27 | €24,684 | €20,454 | -€4,230 | -17.1% |
| Furniture and vehicles | 24 | €24,684 | €19,574 | -€5,110 | -20.7% |
| Other tangible fixed assets | 26 | - | €880 | +€880 | |
| Financial fixed assets | 28 | €7,960 | €7,960 | = | 0.0% |
| Current assets | 29/58 | €29,509 | €58,784 | +€29,275 | +99.2% |
| Stocks and contracts in progress | 3 | - | €20,300 | +€20,300 | |
| Stocks | 30/36 | - | €20,300 | +€20,300 | |
| Amounts receivable within one year | 40/41 | €8,423 | €14,654 | +€6,232 | +74.0% |
| Trade receivables | 40 | €249 | €568 | +€319 | +128% |
| Other amounts receivable | 41 | €8,174 | €14,087 | +€5,912 | +72.3% |
| Cash at bank and in hand | 54/58 | €21,086 | €23,829 | +€2,743 | +13.0% |
| Total equity and liabilities | 10/49 | €62,153 | €87,198 | +€25,045 | +40.3% |
| Equity | 10/15 | €14,593 | €28,811 | +€14,218 | +97.4% |
| Contributions | 10/11 | €6,000 | €6,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €8,593 | €22,811 | +€14,218 | +165% |
| Amounts payable | 17/49 | €47,560 | €58,387 | +€10,827 | +22.8% |
| Amounts payable after more than one year | 17 | €17,544 | €12,968 | -€4,577 | -26.1% |
| Financial debts | 170/4 | €17,544 | €12,968 | -€4,577 | -26.1% |
| Amounts payable within one year | 42/48 | €30,015 | €45,419 | +€15,404 | +51.3% |
| Current portion of amounts payable after more than one year | 42 | €4,577 | €4,577 | = | 0.0% |
| Trade debts | 44 | €7,434 | €17,204 | +€9,770 | +131% |
| Suppliers | 440/4 | €7,434 | €17,204 | +€9,770 | +131% |
| Advances received on contracts in progress | 46 | - | €3,900 | +€3,900 | |
| Taxes, remuneration and social security | 45 | €12,408 | €17,503 | +€5,095 | +41.1% |
| Taxes | 450/3 | €6,499 | €11,486 | +€4,986 | +76.7% |
| Remuneration and social security | 454/9 | €5,909 | €6,017 | +€108 | +1.8% |
| Other amounts payable | 47/48 | €5,596 | €2,235 | -€3,361 | -60.1% |
| Remuneration, social security and pensions | 62 | €53,691 | €55,113 | +€1,422 | +2.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €868 | €5,500 | +€4,632 | +534% |
| Other operating charges | 640/8 | €4,746 | €10,337 | +€5,591 | +118% |
| Gross operating margin | 9900 | €66,765 | €92,007 | +€25,243 | +37.8% |
| Operating profit (loss) | 9901 | €7,459 | €21,057 | +€13,598 | +182% |
| Financial income | 75/76B | €10 | €13 | +€3 | +34.7% |
| Recurring financial income | 75 | €10 | €13 | +€3 | +34.7% |
| Financial charges | 65/66B | €1,624 | €2,308 | +€684 | +42.1% |
| Recurring financial charges | 65 | €1,624 | €2,308 | +€684 | +42.1% |
| Profit (loss) for the period before taxes | 9903 | €5,845 | €18,762 | +€12,917 | +221% |
| Income taxes | 67/77 | €1,943 | €4,545 | +€2,602 | +134% |
| Profit (loss) for the period | 9904 | €3,903 | €14,218 | +€10,315 | +264% |
| Profit (loss) for the period to be appropriated | 9905 | €3,903 | €14,218 | +€10,315 | +264% |
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 19 October 2026 via checked.be.