MIVP: 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.
MIVP
Largest movements
- Deferred charges and accrued income +€117,181
up €117,181 (+10776.5%), from €1,087 to €118,268
- Cash +€61,841
up €61,841 (+143.3%), from €43,154 to €104,995
mainly Net result for the year (+€190,498) and Tax, wage and social debts (+€58,242)
- Receivables within one year +€39,217
up €39,217 (+691.0%), from €5,675 to €44,892
of which Trade receivables: +€44,892
- Current investments +€30,000
up €30,000 (+150.0%), from €20,000 to €50,000
- Reserves +€190,498
up €190,498 (+332.4%), from €57,313 to €247,811
- Tax, wage and social debts +€58,242
up €58,242 (+366.2%), from €15,905 to €74,147
- Gross operating margin +€177,868
up €177,868 (+235.1%), from €75,664 to €253,532
- Taxes +€42,624
up €42,624 (+272.4%), from €15,649 to €58,273
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 | €77,984 | €328,582 | +€250,597 | +321.3% |
| Fixed assets | 21/28 | €8,067 | €10,427 | +€2,359 | +29.2% |
| Tangible fixed assets | 22/27 | €8,067 | €10,427 | +€2,359 | +29.2% |
| Plant, machinery and equipment | 23 | €5,757 | €9,116 | +€3,359 | +58.4% |
| Furniture and vehicles | 24 | €2,311 | €1,311 | -€1,000 | -43.3% |
| Current assets | 29/58 | €69,917 | €318,155 | +€248,238 | +355.0% |
| Amounts receivable within one year | 40/41 | €5,675 | €44,892 | +€39,217 | +691.0% |
| Trade receivables | 40 | - | €44,892 | +€44,892 | |
| Other amounts receivable | 41 | €5,675 | - | -€5,675 | |
| Current investments | 50/53 | €20,000 | €50,000 | +€30,000 | +150.0% |
| Cash at bank and in hand | 54/58 | €43,154 | €104,995 | +€61,841 | +143.3% |
| Deferred charges and accrued income | 490/1 | €1,087 | €118,268 | +€117,181 | +10776.5% |
| Total equity and liabilities | 10/49 | €77,984 | €328,582 | +€250,597 | +321.3% |
| Equity | 10/15 | €58,313 | €248,811 | +€190,498 | +326.7% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €57,313 | €247,811 | +€190,498 | +332.4% |
| Distributable reserves | 133 | €57,313 | €247,811 | +€190,498 | +332.4% |
| Amounts payable | 17/49 | €19,671 | €79,771 | +€60,100 | +305.5% |
| Amounts payable within one year | 42/48 | €18,114 | €78,107 | +€59,993 | +331.2% |
| Trade debts | 44 | €2,210 | €1,927 | -€282 | -12.8% |
| Suppliers | 440/4 | €2,210 | €1,927 | -€282 | -12.8% |
| Taxes, remuneration and social security | 45 | €15,905 | €74,147 | +€58,242 | +366.2% |
| Taxes | 450/3 | €15,905 | €74,147 | +€58,242 | +366.2% |
| Other amounts payable | 47/48 | - | €2,033 | +€2,033 | |
| Accrued charges and deferred income | 492/3 | €1,557 | €1,664 | +€107 | +6.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,358 | €2,475 | +€116 | +4.9% |
| Other operating charges | 640/8 | €126 | €254 | +€128 | +101.6% |
| Gross operating margin | 9900 | €75,664 | €253,532 | +€177,868 | +235.1% |
| Operating profit (loss) | 9901 | €73,180 | €250,803 | +€177,623 | +242.7% |
| Financial income | 75/76B | €216 | €102 | -€114 | -53.0% |
| Recurring financial income | 75 | €216 | €102 | -€114 | -53.0% |
| Financial charges | 65/66B | €434 | €2,135 | +€1,701 | +392.0% |
| Recurring financial charges | 65 | €434 | €2,135 | +€1,701 | +392.0% |
| Profit (loss) for the period before taxes | 9903 | €72,962 | €248,770 | +€175,808 | +241.0% |
| Income taxes | 67/77 | €15,649 | €58,273 | +€42,624 | +272.4% |
| Profit (loss) for the period | 9904 | €57,313 | €190,498 | +€133,185 | +232.4% |
| Profit (loss) for the period to be appropriated | 9905 | €57,313 | €190,498 | +€133,185 | +232.4% |
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 30 September 2026 via checked.be.