MNI BELGIUM: what changed
MNI BELGIUM
Largest movements
- Cash +€58,850
up €58,850 (+316%), from €18,627 to €77,477
mainly Net result for the year (+€113,605) and Other debts (+€71,199)
- Tangible fixed assets -€12,329
down €12,329 (-14.0%), from €87,796 to €75,466
of which Furniture and vehicles: -€9,720
- Current investments +€10,000
new in 2025: €10,000
- Receivables within one year +€2,612
up €2,612 (+12.8%), from €20,329 to €22,941
of which Trade receivables: +€2,494
- Other debts +€71,199
up €71,199 (+121%), from €58,638 to €129,837
- Debts after one year -€12,411
down €12,411 (-34.9%), from €35,512 to €23,101
- Tax, wage and social debts -€11,503
down €11,503 (-74.1%), from €15,525 to €4,022
- Trade debts +€11,416
up €11,416 (+923%), from €1,237 to €12,653
- Gross operating margin +€68,242
up €68,242 (+72.0%), from €94,731 to €162,974
- Taxes +€16,381
up €16,381 (+99.1%), from €16,526 to €32,908
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €127,790 | €187,024 | +€59,234 | +46.4% |
| Fixed assets | 21/28 | €87,796 | €75,466 | -€12,329 | -14.0% |
| Tangible fixed assets | 22/27 | €87,796 | €75,466 | -€12,329 | -14.0% |
| Land and buildings | 22 | €33,106 | €31,531 | -€1,575 | -4.8% |
| Plant, machinery and equipment | 23 | €2,154 | €1,936 | -€217 | -10.1% |
| Furniture and vehicles | 24 | €37,790 | €28,070 | -€9,720 | -25.7% |
| Other tangible fixed assets | 26 | €14,746 | €13,929 | -€817 | -5.5% |
| Current assets | 29/58 | €39,995 | €111,558 | +€71,563 | +179% |
| Amounts receivable within one year | 40/41 | €20,329 | €22,941 | +€2,612 | +12.8% |
| Trade receivables | 40 | €16,855 | €19,349 | +€2,494 | +14.8% |
| Other amounts receivable | 41 | €3,474 | €3,592 | +€119 | +3.4% |
| Current investments | 50/53 | - | €10,000 | +€10,000 | |
| Cash at bank and in hand | 54/58 | €18,627 | €77,477 | +€58,850 | +316% |
| Deferred charges and accrued income | 490/1 | €1,039 | €1,140 | +€101 | +9.7% |
| Total equity and liabilities | 10/49 | €127,790 | €187,024 | +€59,234 | +46.4% |
| Equity | 10/15 | €5,000 | €5,000 | = | 0.0% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Amounts payable | 17/49 | €122,790 | €182,024 | +€59,234 | +48.2% |
| Amounts payable after more than one year | 17 | €35,512 | €23,101 | -€12,411 | -34.9% |
| Financial debts | 170/4 | €35,512 | €23,101 | -€12,411 | -34.9% |
| Amounts payable within one year | 42/48 | €87,278 | €158,923 | +€71,645 | +82.1% |
| Current portion of amounts payable after more than one year | 42 | €11,878 | €12,411 | +€534 | +4.5% |
| Trade debts | 44 | €1,237 | €12,653 | +€11,416 | +923% |
| Suppliers | 440/4 | €1,237 | €12,653 | +€11,416 | +923% |
| Taxes, remuneration and social security | 45 | €15,525 | €4,022 | -€11,503 | -74.1% |
| Taxes | 450/3 | €15,525 | €4,022 | -€11,503 | -74.1% |
| Other amounts payable | 47/48 | €58,638 | €129,837 | +€71,199 | +121% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,297 | €14,331 | +€34 | +0.2% |
| Other operating charges | 640/8 | €99 | €451 | +€352 | +356% |
| Gross operating margin | 9900 | €94,731 | €162,974 | +€68,242 | +72.0% |
| Operating profit (loss) | 9901 | €80,335 | €148,191 | +€67,856 | +84.5% |
| Financial income | 75/76B | €596 | €344 | -€252 | -42.3% |
| Recurring financial income | 75 | €596 | €344 | -€252 | -42.3% |
| Financial charges | 65/66B | €2,816 | €2,022 | -€794 | -28.2% |
| Recurring financial charges | 65 | €2,816 | €2,022 | -€794 | -28.2% |
| Profit (loss) for the period before taxes | 9903 | €78,115 | €146,513 | +€68,398 | +87.6% |
| Income taxes | 67/77 | €16,526 | €32,908 | +€16,381 | +99.1% |
| Profit (loss) for the period | 9904 | €61,589 | €113,605 | +€52,016 | +84.5% |
| Profit (loss) for the period to be appropriated | 9905 | €61,589 | €113,605 | +€52,016 | +84.5% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 4 November 2026 via checked.be.