MIZ MANAGEMENT: 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.
MIZ MANAGEMENT
Largest movements
- Financial fixed assets +€2.9m
new in 2025: €2.9m
- Cash +€201,366
up €201,366 (+228%), from €88,180 to €289,546
mainly Debts after one year (+€2.7m) and Other debts (+€222,620)
- Debts after one year +€2.7m
new in 2025: €2.7m
of which Other amounts payable: +€2.3m
- Other debts +€222,620
up €222,620 (+2,612%), from €8,524 to €231,144
- Profit (loss) carried forward +€132,020
new in 2025: €132,020
- Current portion of long-term debt +€84,663
new in 2025: €84,663
- Financial income +€163,533
new in 2025: €163,533
- Gross operating margin -€62,562
down €62,562, from €45,100 to -€17,462
- Taxes -€16,319
down €16,319, from €14,097 to -€2,222
- Financial charges +€15,075
up €15,075 (+2,503%), from €602 to €15,678
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 | €103,382 | €3,194,956 | +€3.1m | +2,990% |
| Fixed assets | 21/28 | €946 | €2,883,016 | +€2.9m | +304,768% |
| Tangible fixed assets | 22/27 | €946 | €350 | -€596 | -63.0% |
| Furniture and vehicles | 24 | €946 | €350 | -€596 | -63.0% |
| Financial fixed assets | 28 | - | €2,882,667 | +€2.9m | |
| Current assets | 29/58 | €102,437 | €311,940 | +€209,503 | +205% |
| Amounts receivable within one year | 40/41 | €14,257 | €21,062 | +€6,805 | +47.7% |
| Trade receivables | 40 | €13,946 | €20,751 | +€6,805 | +48.8% |
| Other amounts receivable | 41 | €310 | €310 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €88,180 | €289,546 | +€201,366 | +228% |
| Deferred charges and accrued income | 490/1 | - | €1,332 | +€1,332 | |
| Total equity and liabilities | 10/49 | €103,382 | €3,194,956 | +€3.1m | +2,990% |
| Equity | 10/15 | €58,108 | €190,127 | +€132,020 | +227% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €53,108 | €53,108 | = | 0.0% |
| Distributable reserves | 133 | €53,108 | €53,108 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | €132,020 | +€132,020 | |
| Amounts payable | 17/49 | €45,275 | €3,004,829 | +€3.0m | +6,537% |
| Amounts payable after more than one year | 17 | - | €2,678,301 | +€2.7m | |
| Financial debts | 170/4 | - | €412,301 | +€412,301 | |
| Other amounts payable | 178/9 | - | €2,266,000 | +€2.3m | |
| Amounts payable within one year | 42/48 | €44,075 | €326,528 | +€282,453 | +641% |
| Current portion of amounts payable after more than one year | 42 | - | €84,663 | +€84,663 | |
| Trade debts | 44 | €17,506 | €4,106 | -€13,400 | -76.5% |
| Suppliers | 440/4 | €17,506 | €4,106 | -€13,400 | -76.5% |
| Taxes, remuneration and social security | 45 | €18,045 | €6,615 | -€11,430 | -63.3% |
| Taxes | 450/3 | €18,045 | €6,615 | -€11,430 | -63.3% |
| Other amounts payable | 47/48 | €8,524 | €231,144 | +€222,620 | +2,612% |
| Accrued charges and deferred income | 492/3 | €1,200 | - | -€1,200 | |
| Non-recurring operating income | 76A | - | €250 | +€250 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €598 | €596 | -€2 | -0.3% |
| Gross operating margin | 9900 | €45,100 | -€17,462 | -€62,562 | |
| Operating profit (loss) | 9901 | €44,502 | -€18,058 | -€62,560 | |
| Financial income | 75/76B | - | €163,533 | +€163,533 | |
| Recurring financial income | 75 | - | €163,533 | +€163,533 | |
| Financial charges | 65/66B | €602 | €15,678 | +€15,075 | +2,503% |
| Recurring financial charges | 65 | €602 | €15,678 | +€15,075 | +2,503% |
| Profit (loss) for the period before taxes | 9903 | €43,900 | €129,797 | +€85,897 | +196% |
| Income taxes | 67/77 | €14,097 | -€2,222 | -€16,319 | |
| Profit (loss) for the period | 9904 | €29,803 | €132,020 | +€102,217 | +343% |
| Profit (loss) for the period to be appropriated | 9905 | €29,803 | €132,020 | +€102,217 | +343% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 19 October 2026 via checked.be.