Mizan: 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.
Mizan
Largest movements
- Tangible fixed assets +€202,241
up €202,241 (+11,981%), from €1,688 to €203,929
of which Assets under construction and advance payments: +€168,099
- Cash -€11,304
down €11,304 (-69.2%), from €16,325 to €5,021
mainly Investment in fixed assets (net) (-€203,078) and Receivables within one year (-€1,681)
- Debts after one year +€122,834
new in 2024: €122,834
- Profit (loss) carried forward +€34,557
up €34,557 (+91.6%), from €37,728 to €72,285
- Tax, wage and social debts +€17,562
up €17,562 (+132%), from €13,345 to €30,907
of which Taxes: +€13,632
- Trade debts +€10,825
up €10,825 (+1,666%), from €650 to €11,475
- Current portion of long-term debt +€6,841
new in 2024: €6,841
- Taxes +€5,312
up €5,312 (+39.9%), from €13,320 to €18,632
- Financial income +€4,418
up €4,418 (+389%), from €1,137 to €5,555
- Financial charges +€3,930
new in 2024: €3,930
- Gross operating margin +€2,199
up €2,199 (+4.2%), from €52,343 to €54,542
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €61,724 | €254,342 | +€192,618 | +312% |
| Fixed assets | 21/28 | €1,688 | €203,929 | +€202,241 | +11,981% |
| Tangible fixed assets | 22/27 | €1,688 | €203,929 | +€202,241 | +11,981% |
| Land and buildings | 22 | - | €34,980 | +€34,980 | |
| Furniture and vehicles | 24 | €1,688 | €850 | -€838 | -49.6% |
| Assets under construction and advance payments | 27 | - | €168,099 | +€168,099 | |
| Current assets | 29/58 | €60,036 | €50,413 | -€9,623 | -16.0% |
| Amounts receivable within one year | 40/41 | €43,711 | €45,392 | +€1,681 | +3.8% |
| Trade receivables | 40 | - | €880 | +€880 | |
| Other amounts receivable | 41 | €43,711 | €44,512 | +€801 | +1.8% |
| Cash at bank and in hand | 54/58 | €16,325 | €5,021 | -€11,304 | -69.2% |
| Total equity and liabilities | 10/49 | €61,724 | €254,342 | +€192,618 | +312% |
| Equity | 10/15 | €47,728 | €82,285 | +€34,557 | +72.4% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Capital | 10 | €10,000 | - | -€10,000 | |
| Issued capital | 100 | €10,000 | - | -€10,000 | |
| Profit (loss) carried forward | 14 | €37,728 | €72,285 | +€34,557 | +91.6% |
| Amounts payable | 17/49 | €13,995 | €172,057 | +€158,062 | +1,129% |
| Amounts payable after more than one year | 17 | - | €122,834 | +€122,834 | |
| Financial debts | 170/4 | - | €122,834 | +€122,834 | |
| Amounts payable within one year | 42/48 | €13,995 | €49,223 | +€35,228 | +252% |
| Current portion of amounts payable after more than one year | 42 | - | €6,841 | +€6,841 | |
| Trade debts | 44 | €650 | €11,475 | +€10,825 | +1,666% |
| Suppliers | 440/4 | €650 | €11,475 | +€10,825 | +1,666% |
| Taxes, remuneration and social security | 45 | €13,345 | €30,907 | +€17,562 | +132% |
| Taxes | 450/3 | €13,345 | €26,977 | +€13,632 | +102% |
| Remuneration and social security | 454/9 | - | €3,930 | +€3,930 | |
| Turnover | 70 | €139,430 | €140,498 | +€1,068 | +0.8% |
| Goods, raw materials, services and sundry goods | 60/61 | €87,087 | €85,956 | -€1,131 | -1.3% |
| Remuneration, social security and pensions | 62 | €887 | €625 | -€262 | -29.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €827 | €837 | +€10 | +1.2% |
| Other operating charges | 640/8 | €718 | €1,515 | +€797 | +111% |
| Gross operating margin | 9900 | €52,343 | €54,542 | +€2,199 | +4.2% |
| Operating profit (loss) | 9901 | €49,911 | €51,565 | +€1,654 | +3.3% |
| Financial income | 75/76B | €1,137 | €5,555 | +€4,418 | +389% |
| Recurring financial income | 75 | €1,137 | €5,555 | +€4,418 | +389% |
| Financial charges | 65/66B | - | €3,930 | +€3,930 | |
| Recurring financial charges | 65 | - | €3,930 | +€3,930 | |
| Profit (loss) for the period before taxes | 9903 | €51,048 | €53,190 | +€2,142 | +4.2% |
| Income taxes | 67/77 | €13,320 | €18,632 | +€5,312 | +39.9% |
| Profit (loss) for the period | 9904 | €37,728 | €34,558 | -€3,170 | -8.4% |
| Profit (loss) for the period to be appropriated | 9905 | €37,728 | €34,558 | -€3,170 | -8.4% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 22 October 2026 via checked.be.