MIVIN: 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.
MIVIN
Largest movements
- Tangible fixed assets +€38,412
up €38,412 (+7.3%), from €527,449 to €565,861
of which Plant, machinery and equipment: +€59,492
- Receivables within one year +€21,368
up €21,368 (+11.1%), from €192,719 to €214,087
of which Trade receivables: +€22,620
- Other debts +€167,360
up €167,360 (+380%), from €44,055 to €211,415
- Profit (loss) carried forward -€91,250
down €91,250 (-15.8%), from €577,629 to €486,379
- Debts after one year -€20,769
down €20,769 (-20.7%), from €100,180 to €79,410
- Gross operating margin -€6,408
down €6,408 (-4.1%), from €155,839 to €149,430
- Depreciation +€2,387
up €2,387 (+5.4%), from €44,298 to €46,685
- Taxes -€1,988
down €1,988 (-8.8%), from €22,698 to €20,710
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 | €784,488 | €843,297 | +€58,808 | +7.5% |
| Fixed assets | 21/28 | €527,529 | €565,941 | +€38,412 | +7.3% |
| Tangible fixed assets | 22/27 | €527,449 | €565,861 | +€38,412 | +7.3% |
| Land and buildings | 22 | €131,250 | €118,750 | -€12,500 | -9.5% |
| Plant, machinery and equipment | 23 | €338,236 | €397,728 | +€59,492 | +17.6% |
| Furniture and vehicles | 24 | €57,963 | €49,383 | -€8,580 | -14.8% |
| Financial fixed assets | 28 | €80 | €80 | = | 0.0% |
| Current assets | 29/58 | €256,959 | €277,356 | +€20,396 | +7.9% |
| Amounts receivable within one year | 40/41 | €192,719 | €214,087 | +€21,368 | +11.1% |
| Trade receivables | 40 | €186,876 | €209,496 | +€22,620 | +12.1% |
| Other amounts receivable | 41 | €5,843 | €4,591 | -€1,251 | -21.4% |
| Cash at bank and in hand | 54/58 | €64,240 | €63,268 | -€972 | -1.5% |
| Total equity and liabilities | 10/49 | €784,488 | €843,297 | +€58,808 | +7.5% |
| Equity | 10/15 | €596,229 | €504,979 | -€91,250 | -15.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | €577,629 | €486,379 | -€91,250 | -15.8% |
| Amounts payable | 17/49 | €188,259 | €338,317 | +€150,058 | +79.7% |
| Amounts payable after more than one year | 17 | €100,180 | €79,410 | -€20,769 | -20.7% |
| Financial debts | 170/4 | €100,180 | €79,410 | -€20,769 | -20.7% |
| Amounts payable within one year | 42/48 | €88,079 | €258,907 | +€170,827 | +194% |
| Current portion of amounts payable after more than one year | 42 | €20,193 | €20,769 | +€577 | +2.9% |
| Trade debts | 44 | €2,409 | €2,853 | +€444 | +18.4% |
| Suppliers | 440/4 | €2,409 | €2,853 | +€444 | +18.4% |
| Taxes, remuneration and social security | 45 | €21,423 | €23,870 | +€2,447 | +11.4% |
| Taxes | 450/3 | €21,423 | €23,870 | +€2,447 | +11.4% |
| Other amounts payable | 47/48 | €44,055 | €211,415 | +€167,360 | +380% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €44,298 | €46,685 | +€2,387 | +5.4% |
| Gross operating margin | 9900 | €155,839 | €149,430 | -€6,408 | -4.1% |
| Operating profit (loss) | 9901 | €111,541 | €102,746 | -€8,795 | -7.9% |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €3,812 | €3,285 | -€527 | -13.8% |
| Recurring financial charges | 65 | €3,812 | €3,285 | -€527 | -13.8% |
| Profit (loss) for the period before taxes | 9903 | €107,728 | €99,461 | -€8,268 | -7.7% |
| Income taxes | 67/77 | €22,698 | €20,710 | -€1,988 | -8.8% |
| Profit (loss) for the period | 9904 | €85,030 | €78,750 | -€6,280 | -7.4% |
| Profit (loss) for the period to be appropriated | 9905 | €85,030 | €78,750 | -€6,280 | -7.4% |
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 17 October 2026 via checked.be.