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MIPA Services: 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.

What changed

MIPA Services

BE 0428.548.671
NACE 56.112, Limited-service restaurants, excluding mobile food services
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€600
2024 · -€1,302+€1,902
Equity
-€12,881
2024 · -€13,481+€600
Cash
€4,238
2024 · €3,744+€494
Balance sheet total
€249,172
2024 · €265,483-€16,311

Largest movements

2024 to 2025
Assets
  • Tangible fixed assets -€14,232

    down €14,232 (-6.6%), from €214,078 to €199,846

    of which Land and buildings: -€16,676

Equity and liabilities
  • Debts after one year -€20,105

    down €20,105 (-9.4%), from €214,012 to €193,907

  • Tax, wage and social debts +€3,148

    up €3,148 (+44.2%), from €7,125 to €10,273

    of which Remuneration and social security: +€1,868

Income statement
  • Turnover +€25,182

    up €25,182 (+12.4%), from €202,885 to €228,067

  • Gross operating margin +€14,682

    up €14,682 (+23.8%), from €61,774 to €76,456

  • Purchases and services +€11,663

    up €11,663 (+8.0%), from €145,819 to €157,482

  • Staff costs +€10,613

    up €10,613 (+32.4%), from €32,709 to €43,322

From the 2024 result to the 2025 result

effect on the 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.

Result 2024 -€1,302
Gross operating margin +€14,682
Staff costs -€10,613
Depreciation -€1,248
Other operating charges -€22
Other operating items -€700
Financial income +€141
Financial charges -€338
Result 2025 €600
raises the resultlowers the resultnot broken down further in the accounts

Derived cash bridge

cash 2024 to 2025

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.

From operations +€29,324
Investment -€7,854
Financing -€20,976
Cash 2024 €3,744
Net result for the year +€600
Depreciation +€22,086
Stocks and contracts +€643
Receivables within one year +€537
Deferred charges and accrued income +€1,393
Trade debts +€562
Tax, wage and social debts +€3,148
Other debts +€355
Investment in fixed assets (net) -€7,854
Debts after one year -€20,105
Current portion of long-term debt +€387
Short-term financial debts -€1,258
Cash 2025 €4,238
brings cash intakes cash out
Every line side by side 51 lines
Line Code 2024 2025 Change %
Total assets 20/58 €265,483 €249,172 -€16,311 -6.1%
Fixed assets 21/28 €214,144 €199,912 -€14,232 -6.6%
Tangible fixed assets 22/27 €214,078 €199,846 -€14,232 -6.6%
Land and buildings 22 €193,158 €176,482 -€16,676 -8.6%
Plant, machinery and equipment 23 €11,581 €15,064 +€3,483 +30.1%
Furniture and vehicles 24 €9,339 €8,300 -€1,039 -11.1%
Financial fixed assets 28 €66 €66 = 0.0%
Current assets 29/58 €51,339 €49,260 -€2,079 -4.0%
Stocks and contracts in progress 3 €15,212 €14,569 -€643 -4.2%
Stocks 30/36 €15,212 €14,569 -€643 -4.2%
Amounts receivable within one year 40/41 €30,513 €29,976 -€537 -1.8%
Trade receivables 40 €16,383 €14,016 -€2,367 -14.4%
Other amounts receivable 41 €14,130 €15,960 +€1,830 +13.0%
Cash at bank and in hand 54/58 €3,744 €4,238 +€494 +13.2%
Deferred charges and accrued income 490/1 €1,870 €477 -€1,393 -74.5%
Total equity and liabilities 10/49 €265,483 €249,172 -€16,311 -6.1%
Equity 10/15 -€13,481 -€12,881 +€600 +4.5%
Contributions 10/11 €18,600 €18,600 = 0.0%
Reserves 13 €1,860 €1,860 = 0.0%
Distributable reserves 133 €1,860 €1,860 = 0.0%
Profit (loss) carried forward 14 -€33,941 -€33,341 +€600 +1.8%
Amounts payable 17/49 €278,964 €262,053 -€16,911 -6.1%
Amounts payable after more than one year 17 €214,012 €193,907 -€20,105 -9.4%
Financial debts 170/4 €214,012 €193,907 -€20,105 -9.4%
Amounts payable within one year 42/48 €64,921 €68,115 +€3,194 +4.9%
Current portion of amounts payable after more than one year 42 €22,944 €23,331 +€387 +1.7%
Financial debts 43 €19,657 €18,399 -€1,258 -6.4%
Credit institutions 430/8 €19,657 €18,399 -€1,258 -6.4%
Trade debts 44 €12,730 €13,292 +€562 +4.4%
Suppliers 440/4 €12,730 €13,292 +€562 +4.4%
Taxes, remuneration and social security 45 €7,125 €10,273 +€3,148 +44.2%
Taxes 450/3 €1,852 €3,132 +€1,280 +69.1%
Remuneration and social security 454/9 €5,273 €7,141 +€1,868 +35.4%
Other amounts payable 47/48 €2,465 €2,820 +€355 +14.4%
Accrued charges and deferred income 492/3 €31 €31 = 0.0%
Turnover 70 €202,885 €228,067 +€25,182 +12.4%
Non-recurring operating income 76A - €500 +€500
Goods, raw materials, services and sundry goods 60/61 €145,819 €157,482 +€11,663 +8.0%
Remuneration, social security and pensions 62 €32,709 €43,322 +€10,613 +32.4%
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets 630 €20,838 €22,086 +€1,248 +6.0%
Other operating charges 640/8 €2,304 €2,326 +€22 +1.0%
Non-recurring operating charges 66A - €700 +€700
Gross operating margin 9900 €61,774 €76,456 +€14,682 +23.8%
Operating profit (loss) 9901 €5,923 €8,022 +€2,099 +35.4%
Financial income 75/76B €699 €840 +€141 +20.2%
Recurring financial income 75 €699 €840 +€141 +20.2%
Financial charges 65/66B €7,924 €8,262 +€338 +4.3%
Recurring financial charges 65 €7,924 €8,262 +€338 +4.3%
Profit (loss) for the period before taxes 9903 -€1,302 €600 +€1,902
Profit (loss) for the period 9904 -€1,302 €600 +€1,902
Profit (loss) for the period to be appropriated 9905 -€1,302 €600 +€1,902

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 22 October 2026 via checked.be.