MIYSIS: 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.
MIYSIS
Largest movements
- Cash -€125,152
down €125,152 (-12.9%), from €971,039 to €845,887
mainly Debts after one year (-€159,901) and Investment in fixed assets (net) (-€125,594)
- Tangible fixed assets -€112,053
down €112,053 (-7.1%), from €1.6m to €1.5m
of which Land and buildings: -€129,161
- Intangible fixed assets +€82,548
up €82,548 (+499%), from €16,535 to €99,083
- Debts after one year -€159,901
down €159,901 (-17.9%), from €892,531 to €732,630
- Trade debts +€100,365
up €100,365 (+40.0%), from €251,008 to €351,373
- Tax, wage and social debts -€40,645
down €40,645 (-15.1%), from €269,860 to €229,215
of which Taxes: -€43,969
- Gross operating margin -€369,674
down €369,674 (-17.9%), from €2.1m to €1.7m
- Taxes -€94,297
down €94,297 (-80.8%), from €116,758 to €22,461
- Financial income -€48,552
down €48,552 (-81.9%), from €59,287 to €10,735
- Other operating charges +€43,218
up €43,218 (+284%), from €15,230 to €58,448
- Financial charges -€34,278
down €34,278 (-18.6%), from €184,362 to €150,083
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 | €3,812,517 | €3,688,556 | -€123,961 | -3.3% |
| Fixed assets | 21/28 | €1,591,059 | €1,561,917 | -€29,142 | -1.8% |
| Intangible fixed assets | 21 | €16,535 | €99,083 | +€82,548 | +499% |
| Tangible fixed assets | 22/27 | €1,574,524 | €1,462,471 | -€112,053 | -7.1% |
| Land and buildings | 22 | €1,505,516 | €1,376,355 | -€129,161 | -8.6% |
| Plant, machinery and equipment | 23 | €2,046 | €1,287 | -€759 | -37.1% |
| Furniture and vehicles | 24 | €39,249 | €73,865 | +€34,616 | +88.2% |
| Other tangible fixed assets | 26 | €22,901 | €0 | -€22,901 | -100% |
| Assets under construction and advance payments | 27 | €4,812 | €10,964 | +€6,152 | +128% |
| Financial fixed assets | 28 | - | €363 | +€363 | |
| Current assets | 29/58 | €2,221,457 | €2,126,639 | -€94,819 | -4.3% |
| Amounts receivable within one year | 40/41 | €1,103,357 | €1,117,012 | +€13,655 | +1.2% |
| Trade receivables | 40 | €803,280 | €722,635 | -€80,645 | -10.0% |
| Other amounts receivable | 41 | €300,077 | €394,377 | +€94,300 | +31.4% |
| Current investments | 50/53 | €101,465 | €125,465 | +€24,000 | +23.7% |
| Cash at bank and in hand | 54/58 | €971,039 | €845,887 | -€125,152 | -12.9% |
| Deferred charges and accrued income | 490/1 | €45,597 | €38,276 | -€7,321 | -16.1% |
| Total equity and liabilities | 10/49 | €3,812,517 | €3,688,556 | -€123,961 | -3.3% |
| Equity | 10/15 | €1,111,170 | €1,107,833 | -€3,337 | -0.3% |
| Contributions | 10/11 | €8,000 | €8,000 | = | 0.0% |
| Reserves | 13 | €899,114 | €899,114 | = | 0.0% |
| Distributable reserves | 133 | €899,114 | €899,114 | = | 0.0% |
| Profit (loss) carried forward | 14 | €140,966 | €147,208 | +€6,242 | +4.4% |
| Investment grants | 15 | €63,090 | €53,511 | -€9,579 | -15.2% |
| Amounts payable | 17/49 | €2,701,347 | €2,580,723 | -€120,624 | -4.5% |
| Amounts payable after more than one year | 17 | €892,531 | €732,630 | -€159,901 | -17.9% |
| Financial debts | 170/4 | €892,531 | €732,630 | -€159,901 | -17.9% |
| Amounts payable within one year | 42/48 | €1,795,136 | €1,833,923 | +€38,787 | +2.2% |
| Current portion of amounts payable after more than one year | 42 | €166,310 | €170,152 | +€3,842 | +2.3% |
| Financial debts | 43 | €18,394 | €18,527 | +€133 | +0.7% |
| Credit institutions | 430/8 | €18,394 | €18,527 | +€133 | +0.7% |
| Trade debts | 44 | €251,008 | €351,373 | +€100,365 | +40.0% |
| Suppliers | 440/4 | €251,008 | €351,373 | +€100,365 | +40.0% |
| Taxes, remuneration and social security | 45 | €269,860 | €229,215 | -€40,645 | -15.1% |
| Taxes | 450/3 | €96,765 | €52,795 | -€43,969 | -45.4% |
| Remuneration and social security | 454/9 | €173,096 | €176,419 | +€3,324 | +1.9% |
| Other amounts payable | 47/48 | €1,089,564 | €1,064,656 | -€24,908 | -2.3% |
| Accrued charges and deferred income | 492/3 | €13,680 | €14,169 | +€489 | +3.6% |
| Non-recurring operating income | 76A | €4,307 | €3,150 | -€1,157 | -26.9% |
| Remuneration, social security and pensions | 62 | €1,321,249 | €1,318,473 | -€2,776 | -0.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €146,719 | €154,736 | +€8,017 | +5.5% |
| Other operating charges | 640/8 | €15,230 | €58,448 | +€43,218 | +284% |
| Non-recurring operating charges | 66A | €9,705 | €0 | -€9,705 | -100% |
| Gross operating margin | 9900 | €2,069,383 | €1,699,709 | -€369,674 | -17.9% |
| Operating profit (loss) | 9901 | €576,480 | €168,052 | -€408,428 | -70.8% |
| Financial income | 75/76B | €59,287 | €10,735 | -€48,552 | -81.9% |
| Recurring financial income | 75 | €59,287 | €10,735 | -€48,552 | -81.9% |
| Financial charges | 65/66B | €184,362 | €150,083 | -€34,278 | -18.6% |
| Recurring financial charges | 65 | €184,362 | €150,083 | -€34,278 | -18.6% |
| Profit (loss) for the period before taxes | 9903 | €451,405 | €28,703 | -€422,702 | -93.6% |
| Income taxes | 67/77 | €116,758 | €22,461 | -€94,297 | -80.8% |
| Profit (loss) for the period | 9904 | €334,648 | €6,242 | -€328,406 | -98.1% |
| Profit (loss) for the period to be appropriated | 9905 | €334,648 | €6,242 | -€328,406 | -98.1% |
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 15 October 2026 via checked.be.