MIX EVENT: 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.
MIX EVENT
Largest movements
- Cash +€965,123
up €965,123 (+1,806%), from €53,437 to €1.0m
mainly Current investments (+€500,000) and Depreciation (+€389,369)
- Current investments -€500,000
down €500,000 (-100%), from €500,000 to €0
- Receivables within one year -€380,577
down €380,577 (-48.1%), from €791,804 to €411,228
of which Other amounts receivable: -€319,344
- Tangible fixed assets -€231,973
down €231,973 (-16.8%), from €1.4m to €1.1m
- Intangible fixed assets -€87,381
down €87,381 (-52.3%), from €167,101 to €79,720
- Trade debts -€224,810
down €224,810 (-57.5%), from €391,012 to €166,201
- Debts after one year -€73,515
down €73,515 (-19.5%), from €376,064 to €302,550
of which Financial debts: -€73,515
- Tax, wage and social debts +€34,154
up €34,154 (+114%), from €30,062 to €64,215
of which Remuneration and social security: +€20,090
- Gross operating margin -€155,368
down €155,368 (-16.8%), from €923,935 to €768,566
- Staff costs +€149,048
up €149,048 (+88.9%), from €167,565 to €316,613
- Financial charges -€41,084
down €41,084 (-61.7%), from €66,564 to €25,479
- Depreciation +€16,123
up €16,123 (+4.3%), from €373,246 to €389,369
- Financial income +€10,058
up €10,058 (+92.5%), from €10,877 to €20,935
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 | €2,910,059 | €2,679,843 | -€230,216 | -7.9% |
| Fixed assets | 21/28 | €1,548,269 | €1,228,915 | -€319,354 | -20.6% |
| Intangible fixed assets | 21 | €167,101 | €79,720 | -€87,381 | -52.3% |
| Tangible fixed assets | 22/27 | €1,381,168 | €1,149,195 | -€231,973 | -16.8% |
| Land and buildings | 22 | €710,074 | €604,349 | -€105,725 | -14.9% |
| Plant, machinery and equipment | 23 | €446,812 | €354,994 | -€91,818 | -20.5% |
| Furniture and vehicles | 24 | €3,239 | €28,154 | +€24,915 | +769% |
| Leasing and similar rights | 25 | €221,043 | €157,813 | -€63,229 | -28.6% |
| Assets under construction and advance payments | 27 | - | €3,885 | +€3,885 | |
| Current assets | 29/58 | €1,361,790 | €1,450,928 | +€89,137 | +6.5% |
| Amounts receivable within one year | 40/41 | €791,804 | €411,228 | -€380,577 | -48.1% |
| Trade receivables | 40 | €471,585 | €410,353 | -€61,232 | -13.0% |
| Other amounts receivable | 41 | €320,220 | €875 | -€319,344 | -99.7% |
| Current investments | 50/53 | €500,000 | €0 | -€500,000 | -100% |
| Cash at bank and in hand | 54/58 | €53,437 | €1,018,560 | +€965,123 | +1,806% |
| Deferred charges and accrued income | 490/1 | €16,549 | €21,140 | +€4,591 | +27.7% |
| Total equity and liabilities | 10/49 | €2,910,059 | €2,679,843 | -€230,216 | -7.9% |
| Equity | 10/15 | €1,348,137 | €1,387,561 | +€39,424 | +2.9% |
| Contributions | 10/11 | €1,000,000 | €1,000,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €202,951 | €230,214 | +€27,263 | +13.4% |
| Investment grants | 15 | €145,186 | €157,346 | +€12,161 | +8.4% |
| Amounts payable | 17/49 | €1,561,923 | €1,292,283 | -€269,640 | -17.3% |
| Amounts payable after more than one year | 17 | €376,064 | €302,550 | -€73,515 | -19.5% |
| Financial debts | 170/4 | €376,064 | €302,550 | -€73,515 | -19.5% |
| Other amounts payable | 178/9 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €511,235 | €330,677 | -€180,558 | -35.3% |
| Current portion of amounts payable after more than one year | 42 | €90,162 | €100,260 | +€10,098 | +11.2% |
| Trade debts | 44 | €391,012 | €166,201 | -€224,810 | -57.5% |
| Suppliers | 440/4 | €391,012 | €166,201 | -€224,810 | -57.5% |
| Taxes, remuneration and social security | 45 | €30,062 | €64,215 | +€34,154 | +114% |
| Taxes | 450/3 | €14,026 | €28,090 | +€14,064 | +100% |
| Remuneration and social security | 454/9 | €16,036 | €36,125 | +€20,090 | +125% |
| Accrued charges and deferred income | 492/3 | €674,623 | €659,056 | -€15,567 | -2.3% |
| Remuneration, social security and pensions | 62 | €167,565 | €316,613 | +€149,048 | +88.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €373,246 | €389,369 | +€16,123 | +4.3% |
| Other operating charges | 640/8 | €1,068 | €1,174 | +€106 | +10.0% |
| Non-recurring operating charges | 66A | €5,386 | €15,000 | +€9,614 | +178% |
| Gross operating margin | 9900 | €923,935 | €768,566 | -€155,368 | -16.8% |
| Operating profit (loss) | 9901 | €376,670 | €46,410 | -€330,259 | -87.7% |
| Financial income | 75/76B | €10,877 | €20,935 | +€10,058 | +92.5% |
| Recurring financial income | 75 | €10,877 | €20,935 | +€10,058 | +92.5% |
| Financial charges | 65/66B | €66,564 | €25,479 | -€41,084 | -61.7% |
| Recurring financial charges | 65 | €66,564 | €25,479 | -€41,084 | -61.7% |
| Profit (loss) for the period before taxes | 9903 | €320,983 | €41,866 | -€279,117 | -87.0% |
| Income taxes | 67/77 | €12,705 | €14,603 | +€1,898 | +14.9% |
| Profit (loss) for the period | 9904 | €308,278 | €27,263 | -€281,015 | -91.2% |
| Profit (loss) for the period to be appropriated | 9905 | €308,278 | €27,263 | -€281,015 | -91.2% |
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.