MIZSU: 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.
MIZSU
Largest movements
- Receivables within one year +€7,933
up €7,933 (+65.0%), from €12,197 to €20,130
of which Trade receivables: +€8,693
- Tangible fixed assets -€2,583
down €2,583 (-80.4%), from €3,214 to €631
- Cash +€876
up €876 (+325%), from €270 to €1,146
mainly Trade debts (+€3,386) and Other debts (+€2,628)
- Trade debts +€3,386
up €3,386 (+673%), from €503 to €3,889
- Other debts +€2,628
up €2,628 (+257%), from €1,022 to €3,650
- Financial charges -€22,066
down €22,066 (-99.4%), from €22,195 to €128
of which Non-recurring financial charges: -€22,050
- Gross operating margin -€13,915
down €13,915 (-81.0%), from €17,186 to €3,272
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 | €15,755 | €21,981 | +€6,226 | +39.5% |
| Fixed assets | 21/28 | €3,214 | €631 | -€2,583 | -80.4% |
| Tangible fixed assets | 22/27 | €3,214 | €631 | -€2,583 | -80.4% |
| Furniture and vehicles | 24 | €3,214 | €631 | -€2,583 | -80.4% |
| Current assets | 29/58 | €12,541 | €21,350 | +€8,809 | +70.2% |
| Amounts receivable within one year | 40/41 | €12,197 | €20,130 | +€7,933 | +65.0% |
| Trade receivables | 40 | €11,437 | €20,130 | +€8,693 | +76.0% |
| Other amounts receivable | 41 | €761 | - | -€761 | |
| Cash at bank and in hand | 54/58 | €270 | €1,146 | +€876 | +325% |
| Deferred charges and accrued income | 490/1 | €74 | €74 | = | 0.0% |
| Total equity and liabilities | 10/49 | €15,755 | €21,981 | +€6,226 | +39.5% |
| Equity | 10/15 | €12,793 | €12,953 | +€160 | +1.3% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€1,467 | -€1,307 | +€160 | +10.9% |
| Amounts payable | 17/49 | €2,962 | €9,028 | +€6,066 | +205% |
| Amounts payable within one year | 42/48 | €2,962 | €9,028 | +€6,066 | +205% |
| Trade debts | 44 | €503 | €3,889 | +€3,386 | +673% |
| Suppliers | 440/4 | €503 | €3,889 | +€3,386 | +673% |
| Taxes, remuneration and social security | 45 | €1,438 | €1,490 | +€52 | +3.6% |
| Taxes | 450/3 | €1,438 | €1,490 | +€52 | +3.6% |
| Other amounts payable | 47/48 | €1,022 | €3,650 | +€2,628 | +257% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,583 | €2,583 | = | 0.0% |
| Other operating charges | 640/8 | €387 | €400 | +€12 | +3.2% |
| Gross operating margin | 9900 | €17,186 | €3,272 | -€13,915 | -81.0% |
| Operating profit (loss) | 9901 | €14,215 | €289 | -€13,927 | -98.0% |
| Financial charges | 65/66B | €22,195 | €128 | -€22,066 | -99.4% |
| Recurring financial charges | 65 | €145 | €128 | -€16 | -11.3% |
| Non-recurring financial charges | 66B | €22,050 | - | -€22,050 | |
| Profit (loss) for the period before taxes | 9903 | -€7,979 | €160 | +€8,140 | |
| Profit (loss) for the period | 9904 | -€7,979 | €160 | +€8,140 | |
| Profit (loss) for the period to be appropriated | 9905 | -€7,979 | €160 | +€8,140 |
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 20 October 2026 via checked.be.