MIVIGUI: 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.
What changed
MIVIGUI
NACE 70.200, Business and other management consultancy
financial year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€27,202
2024 · €3.8m-€3.7m
Equity
€9.2m
2024 · €9.2m+€27,202
Cash
€1.3m
2024 · €2.0m-€714,697
Balance sheet total
€11.3m
2024 · €11.3m+€13,200
Largest movements
Assets
- Receivables after one year +€1.8m
new in 2025: €1.8m
- Receivables within one year -€1.5m
down €1.5m (-48.2%), from €3.1m to €1.6m
of which Other amounts receivable: -€1.5m
- Cash -€714,697
down €714,697 (-35.3%), from €2.0m to €1.3m
mainly Receivables after one year (-€1.8m) and Current investments (-€227,252)
- Current investments +€227,252
up €227,252 (+10.1%), from €2.2m to €2.5m
- Financial fixed assets +€170,000
up €170,000 (+33.9%), from €501,546 to €671,546
Equity and liabilities
- Trade debts +€210,529
up €210,529 (+1943.5%), from €10,832 to €221,361
Income statement
- Financial income -€3.5m
down €3.5m (-95.1%), from €3.7m to €180,135
- Gross operating margin -€325,996
down €325,996 (-83.2%), from €392,032 to €66,035
- Staff costs -€45,457
down €45,457, from €45,073 to -€385
- Financial charges -€21,766
down €21,766 (-25.1%), from €86,840 to €65,074
- Taxes -€17,638
down €17,638 (-61.3%), from €28,775 to €11,137
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.
Result 2024
€3.8m
Gross operating margin
-€325,996
Staff costs
+€45,457
Depreciation
-€6,940
Other operating charges
+€1,509
Financial income
-€3.5m
Financial charges
+€21,766
Taxes
+€17,638
Result 2025
€27,202
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.
From operations
-€210,076
Investment
-€404,622
Financing
-€100,000
Cash 2024
€2.0m
From operations (derived)
-€210,076
Net result for the year
+€27,202
Depreciation
+€124,200
Receivables after one year
-€1.8m
Receivables within one year
+€1.5m
Deferred charges and accrued income
-€133,358
Provisions
-€1,173
Trade debts
+€210,529
Tax, wage and social debts
+€7,551
Other debts
-€110,600
Accrued charges and deferred income
-€20,309
Investment (derived)
-€404,622
Investment in fixed assets (net)
-€177,369
Current investments
-€227,252
Financing
-€100,000
Debts after one year
-€100,000
Cash 2025
€1.3m
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €11,333,480 | €11,346,680 | +€13,200 | +0.1% |
| Fixed assets | 21/28 | €3,864,706 | €3,917,875 | +€53,169 | +1.4% |
| Tangible fixed assets | 22/27 | €3,363,160 | €3,246,329 | -€116,831 | -3.5% |
| Land and buildings | 22 | €3,269,220 | €3,168,808 | -€100,412 | -3.1% |
| Plant, machinery and equipment | 23 | €24,708 | €20,661 | -€4,047 | -16.4% |
| Furniture and vehicles | 24 | €69,232 | €56,860 | -€12,372 | -17.9% |
| Financial fixed assets | 28 | €501,546 | €671,546 | +€170,000 | +33.9% |
| Current assets | 29/58 | €7,468,773 | €7,428,804 | -€39,969 | -0.5% |
| Amounts receivable after more than one year | 29 | - | €1,830,000 | +€1.8m | |
| Other amounts receivable | 291 | - | €1,830,000 | +€1.8m | |
| Amounts receivable within one year | 40/41 | €3,143,884 | €1,628,002 | -€1.5m | -48.2% |
| Trade receivables | 40 | €71,460 | €93,236 | +€21,776 | +30.5% |
| Other amounts receivable | 41 | €3,072,424 | €1,534,765 | -€1.5m | -50.0% |
| Current investments | 50/53 | €2,249,500 | €2,476,752 | +€227,252 | +10.1% |
| Cash at bank and in hand | 54/58 | €2,023,673 | €1,308,976 | -€714,697 | -35.3% |
| Deferred charges and accrued income | 490/1 | €51,717 | €185,075 | +€133,358 | +257.9% |
| Total equity and liabilities | 10/49 | €11,333,480 | €11,346,680 | +€13,200 | +0.1% |
| Equity | 10/15 | €9,222,417 | €9,249,620 | +€27,202 | +0.3% |
| Contributions | 10/11 | €1,321,500 | €1,321,500 | = | 0.0% |
| Capital | 10 | €1,321,500 | €1,321,500 | = | 0.0% |
| Issued capital | 100 | €1,321,500 | €1,321,500 | = | 0.0% |
| Reserves | 13 | €7,900,917 | €7,928,120 | +€27,202 | +0.3% |
| Non-distributable reserves | 130/1 | €132,150 | €132,150 | = | 0.0% |
| Legal reserve | 130 | €132,150 | €132,150 | = | 0.0% |
| Tax-exempt reserves | 132 | €57,945 | €55,668 | -€2,278 | -3.9% |
| Distributable reserves | 133 | €7,710,822 | €7,740,302 | +€29,480 | +0.4% |
| Provisions and deferred taxes | 16 | €38,153 | €36,980 | -€1,173 | -3.1% |
| Provisions for liabilities and charges | 160/5 | €8,495 | €8,495 | = | 0.0% |
| Other liabilities and charges | 164/5 | €8,495 | €8,495 | = | 0.0% |
| Deferred taxes | 168 | €29,659 | €28,486 | -€1,173 | -4.0% |
| Amounts payable | 17/49 | €2,072,909 | €2,060,080 | -€12,829 | -0.6% |
| Amounts payable after more than one year | 17 | €975,000 | €875,000 | -€100,000 | -10.3% |
| Financial debts | 170/4 | €975,000 | €875,000 | -€100,000 | -10.3% |
| Amounts payable within one year | 42/48 | €1,021,801 | €1,129,281 | +€107,480 | +10.5% |
| Current portion of amounts payable after more than one year | 42 | €100,000 | €100,000 | = | 0.0% |
| Trade debts | 44 | €10,832 | €221,361 | +€210,529 | +1943.5% |
| Suppliers | 440/4 | €10,832 | €221,361 | +€210,529 | +1943.5% |
| Taxes, remuneration and social security | 45 | €8,482 | €16,033 | +€7,551 | +89.0% |
| Taxes | 450/3 | €2,569 | €10,833 | +€8,264 | +321.7% |
| Remuneration and social security | 454/9 | €5,913 | €5,200 | -€713 | -12.1% |
| Other amounts payable | 47/48 | €902,486 | €791,886 | -€110,600 | -12.3% |
| Accrued charges and deferred income | 492/3 | €76,107 | €55,799 | -€20,309 | -26.7% |
| Non-recurring operating income | 76A | €45,594 | €0 | -€45,594 | -100.0% |
| Remuneration, social security and pensions | 62 | €45,073 | -€385 | -€45,457 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €117,260 | €124,200 | +€6,940 | +5.9% |
| Other operating charges | 640/8 | €21,624 | €20,115 | -€1,509 | -7.0% |
| Gross operating margin | 9900 | €392,032 | €66,035 | -€325,996 | -83.2% |
| Operating profit (loss) | 9901 | €208,075 | -€77,895 | -€285,970 | |
| Financial income | 75/76B | €3,666,029 | €180,135 | -€3.5m | -95.1% |
| Recurring financial income | 75 | €3,666,029 | €180,135 | -€3.5m | -95.1% |
| Financial charges | 65/66B | €86,840 | €65,074 | -€21,766 | -25.1% |
| Recurring financial charges | 65 | €86,840 | €65,074 | -€21,766 | -25.1% |
| Profit (loss) for the period before taxes | 9903 | €3,787,264 | €37,166 | -€3.8m | -99.0% |
| Transfer from deferred taxes | 780 | €1,173 | €1,173 | = | 0.0% |
| Income taxes | 67/77 | €28,775 | €11,137 | -€17,638 | -61.3% |
| Profit (loss) for the period | 9904 | €3,759,663 | €27,202 | -€3.7m | -99.3% |
| Transfer from tax-exempt reserves | 789 | €2,278 | €2,278 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €3,761,940 | €29,480 | -€3.7m | -99.2% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.