Mivigu: what changed
Mivigu
Largest movements
- Cash +€29,598
up €29,598 (+154%), from €19,209 to €48,807
mainly Net result for the year (+€39,604) and Depreciation (+€5,771)
- Receivables within one year +€10,053
up €10,053 (+309%), from €3,249 to €13,302
of which Trade receivables: +€10,033
- Tangible fixed assets -€5,771
down €5,771 (-22.0%), from €26,282 to €20,511
of which Furniture and vehicles: -€5,114
- Deferred charges and accrued income +€2,378
new in 2025: €2,378
- Profit (loss) carried forward +€39,604
up €39,604 (+297%), from €13,350 to €52,955
- Other debts -€6,794
down €6,794 (-22.7%), from €29,928 to €23,134
- Tax, wage and social debts +€1,994
up €1,994 (+81.9%), from €2,435 to €4,429
- Current portion of long-term debt +€1,588
new in 2025: €1,588
- Gross operating margin +€41,888
up €41,888 (+219%), from €19,166 to €61,054
- Taxes +€6,811
up €6,811 (+143%), from €4,777 to €11,589
- Depreciation +€5,170
up €5,170 (+861%), from €601 to €5,771
- Staff costs +€2,616
new in 2025: €2,616
- Other operating charges +€729
up €729 (+167%), from €437 to €1,166
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €48,740 | €84,998 | +€36,258 | +74.4% |
| Fixed assets | 21/28 | €26,282 | €20,511 | -€5,771 | -22.0% |
| Tangible fixed assets | 22/27 | €26,282 | €20,511 | -€5,771 | -22.0% |
| Plant, machinery and equipment | 23 | €1,246 | €589 | -€657 | -52.7% |
| Furniture and vehicles | 24 | €25,036 | €19,922 | -€5,114 | -20.4% |
| Current assets | 29/58 | €22,458 | €64,487 | +€42,029 | +187% |
| Amounts receivable within one year | 40/41 | €3,249 | €13,302 | +€10,053 | +309% |
| Trade receivables | 40 | €3,026 | €13,059 | +€10,033 | +331% |
| Other amounts receivable | 41 | €223 | €243 | +€20 | +9.1% |
| Cash at bank and in hand | 54/58 | €19,209 | €48,807 | +€29,598 | +154% |
| Deferred charges and accrued income | 490/1 | - | €2,378 | +€2,378 | |
| Total equity and liabilities | 10/49 | €48,740 | €84,998 | +€36,258 | +74.4% |
| Equity | 10/15 | €15,350 | €54,955 | +€39,604 | +258% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €13,350 | €52,955 | +€39,604 | +297% |
| Amounts payable | 17/49 | €33,389 | €30,043 | -€3,346 | -10.0% |
| Amounts payable within one year | 42/48 | €33,389 | €30,043 | -€3,346 | -10.0% |
| Current portion of amounts payable after more than one year | 42 | - | €1,588 | +€1,588 | |
| Trade debts | 44 | €1,026 | €892 | -€134 | -13.1% |
| Suppliers | 440/4 | €1,026 | €892 | -€134 | -13.1% |
| Taxes, remuneration and social security | 45 | €2,435 | €4,429 | +€1,994 | +81.9% |
| Taxes | 450/3 | €2,435 | €4,429 | +€1,994 | +81.9% |
| Other amounts payable | 47/48 | €29,928 | €23,134 | -€6,794 | -22.7% |
| Remuneration, social security and pensions | 62 | - | €2,616 | +€2,616 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €601 | €5,771 | +€5,170 | +861% |
| Other operating charges | 640/8 | €437 | €1,166 | +€729 | +167% |
| Gross operating margin | 9900 | €19,166 | €61,054 | +€41,888 | +219% |
| Operating profit (loss) | 9901 | €18,128 | €51,501 | +€33,373 | +184% |
| Financial income | 75/76B | €0 | €0 | +€0 | +1,100% |
| Recurring financial income | 75 | €0 | €0 | +€0 | +1,100% |
| Financial charges | 65/66B | - | €308 | +€308 | |
| Recurring financial charges | 65 | - | €308 | +€308 | |
| Profit (loss) for the period before taxes | 9903 | €18,128 | €51,193 | +€33,065 | +182% |
| Income taxes | 67/77 | €4,777 | €11,589 | +€6,811 | +143% |
| Profit (loss) for the period | 9904 | €13,350 | €39,604 | +€26,254 | +197% |
| Profit (loss) for the period to be appropriated | 9905 | €13,350 | €39,604 | +€26,254 | +197% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.