Mivoo: 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.
Mivoo
Largest movements
- Stocks and contracts +€404,454
new in 2025: €404,454
- Receivables within one year +€66,558
up €66,558 (+337%), from €19,772 to €86,331
of which Trade receivables: +€64,771
- Cash +€20,601
up €20,601 (+223%), from €9,253 to €29,854
mainly Short-term financial debts (+€344,333) and Net result for the year (+€60,508)
- Receivables after one year +€18,269
up €18,269 (+30.4%), from €60,000 to €78,269
- Short-term financial debts +€344,333
new in 2025: €344,333
- Reserves +€51,488
new in 2025: €51,488
- Trade debts +€48,275
up €48,275, from €0 to €48,275
- Other debts +€33,163
up €33,163 (+184%), from €18,000 to €51,163
- Debts after one year +€13,772
up €13,772 (+18.6%), from €74,111 to €87,883
- Gross operating margin +€75,846
up €75,846 (+5,561%), from €1,364 to €77,210
- Taxes +€13,789
up €13,789 (+8,618%), from €160 to €13,949
- Other operating charges +€2,413
up €2,413 (+1,313%), from €184 to €2,597
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 | €90,276 | €600,158 | +€509,882 | +565% |
| Fixed assets | 21/28 | €1,250 | €1,250 | = | 0.0% |
| Financial fixed assets | 28 | €1,250 | €1,250 | = | 0.0% |
| Current assets | 29/58 | €89,026 | €598,908 | +€509,882 | +573% |
| Amounts receivable after more than one year | 29 | €60,000 | €78,269 | +€18,269 | +30.4% |
| Other amounts receivable | 291 | €60,000 | €78,269 | +€18,269 | +30.4% |
| Stocks and contracts in progress | 3 | - | €404,454 | +€404,454 | |
| Stocks | 30/36 | - | €404,454 | +€404,454 | |
| Amounts receivable within one year | 40/41 | €19,772 | €86,331 | +€66,558 | +337% |
| Trade receivables | 40 | €18,150 | €82,921 | +€64,771 | +357% |
| Other amounts receivable | 41 | €1,622 | €3,410 | +€1,787 | +110% |
| Cash at bank and in hand | 54/58 | €9,253 | €29,854 | +€20,601 | +223% |
| Total equity and liabilities | 10/49 | €90,276 | €600,158 | +€509,882 | +565% |
| Equity | 10/15 | -€7,020 | €53,488 | +€60,508 | |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | - | €51,488 | +€51,488 | |
| Distributable reserves | 133 | - | €51,488 | +€51,488 | |
| Profit (loss) carried forward | 14 | -€9,020 | €0 | +€9,020 | |
| Amounts payable | 17/49 | €97,296 | €546,670 | +€449,374 | +462% |
| Amounts payable after more than one year | 17 | €74,111 | €87,883 | +€13,772 | +18.6% |
| Financial debts | 170/4 | €74,111 | €87,883 | +€13,772 | +18.6% |
| Amounts payable within one year | 42/48 | €23,185 | €458,787 | +€435,602 | +1,879% |
| Financial debts | 43 | - | €344,333 | +€344,333 | |
| Credit institutions | 430/8 | - | €344,333 | +€344,333 | |
| Trade debts | 44 | €0 | €48,275 | +€48,275 | |
| Suppliers | 440/4 | €0 | €48,275 | +€48,275 | |
| Taxes, remuneration and social security | 45 | €5,185 | €15,016 | +€9,831 | +190% |
| Taxes | 450/3 | €5,185 | €15,016 | +€9,831 | +190% |
| Other amounts payable | 47/48 | €18,000 | €51,163 | +€33,163 | +184% |
| Other operating charges | 640/8 | €184 | €2,597 | +€2,413 | +1,313% |
| Gross operating margin | 9900 | €1,364 | €77,210 | +€75,846 | +5,561% |
| Operating profit (loss) | 9901 | €1,180 | €74,613 | +€73,433 | +6,223% |
| Financial income | 75/76B | - | €20 | +€20 | |
| Recurring financial income | 75 | - | €20 | +€20 | |
| Financial charges | 65/66B | €111 | €176 | +€65 | +58.5% |
| Recurring financial charges | 65 | €111 | €176 | +€65 | +58.5% |
| Profit (loss) for the period before taxes | 9903 | €1,069 | €74,457 | +€73,388 | +6,865% |
| Income taxes | 67/77 | €160 | €13,949 | +€13,789 | +8,618% |
| Profit (loss) for the period | 9904 | €909 | €60,508 | +€59,599 | +6,556% |
| Profit (loss) for the period to be appropriated | 9905 | €909 | €60,508 | +€59,599 | +6,556% |
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.