2 MIE MAAN: 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.
2 MIE MAAN
Largest movements
- Receivables within one year +€76,685
up €76,685 (+81.6%), from €93,949 to €170,634
of which Other amounts receivable: +€70,420
- Cash -€54,752
down €54,752 (-31.6%), from €173,381 to €118,629
mainly Receivables within one year (-€76,685) and Investment in fixed assets (net) (-€29,013)
- Tangible fixed assets +€15,477
up €15,477 (+116%), from €13,287 to €28,764
of which Plant, machinery and equipment: +€17,671
- Reserves +€15,000
up €15,000 (+17.9%), from €83,869 to €98,869
of which Distributable reserves: +€15,000
- Profit (loss) carried forward +€14,813
up €14,813 (+18.2%), from €81,410 to €96,224
- Accrued charges and deferred income -€13,712
down €13,712 (-98.2%), from €13,967 to €254
- Tax, wage and social debts +€13,026
up €13,026 (+66.5%), from €19,579 to €32,605
of which Taxes: +€17,043
- Other debts +€11,074
up €11,074 (+129%), from €8,568 to €19,643
- Taxes +€27,948
new in 2025: €27,948
- Staff costs -€25,728
down €25,728 (-15.7%), from €163,754 to €138,026
- Depreciation -€8,487
down €8,487 (-38.5%), from €22,024 to €13,536
- Other operating charges -€2,677
down €2,677 (-78.5%), from €3,412 to €735
- Financial income -€2,276
down €2,276 (-95.5%), from €2,383 to €108
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 | €285,704 | €323,265 | +€37,561 | +13.1% |
| Fixed assets | 21/28 | €13,287 | €28,764 | +€15,477 | +116% |
| Tangible fixed assets | 22/27 | €13,287 | €28,764 | +€15,477 | +116% |
| Land and buildings | 22 | €510 | €125 | -€385 | -75.6% |
| Plant, machinery and equipment | 23 | €6,197 | €23,868 | +€17,671 | +285% |
| Furniture and vehicles | 24 | €3,125 | €2,180 | -€945 | -30.2% |
| Leasing and similar rights | 25 | €3,455 | €2,591 | -€864 | -25.0% |
| Current assets | 29/58 | €272,417 | €294,501 | +€22,085 | +8.1% |
| Stocks and contracts in progress | 3 | €4,685 | €4,836 | +€151 | +3.2% |
| Stocks | 30/36 | €4,685 | €4,836 | +€151 | +3.2% |
| Amounts receivable within one year | 40/41 | €93,949 | €170,634 | +€76,685 | +81.6% |
| Trade receivables | 40 | €169 | €6,434 | +€6,265 | +3,702% |
| Other amounts receivable | 41 | €93,780 | €164,200 | +€70,420 | +75.1% |
| Cash at bank and in hand | 54/58 | €173,381 | €118,629 | -€54,752 | -31.6% |
| Deferred charges and accrued income | 490/1 | €401 | €401 | = | 0.0% |
| Total equity and liabilities | 10/49 | €285,704 | €323,265 | +€37,561 | +13.1% |
| Equity | 10/15 | €183,880 | €213,693 | +€29,813 | +16.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Contributions outside capital | 11 | €18,600 | €18,600 | = | 0.0% |
| Other | 1109/19 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €83,869 | €98,869 | +€15,000 | +17.9% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €82,009 | €97,009 | +€15,000 | +18.3% |
| Profit (loss) carried forward | 14 | €81,410 | €96,224 | +€14,813 | +18.2% |
| Amounts payable | 17/49 | €101,824 | €109,572 | +€7,748 | +7.6% |
| Amounts payable after more than one year | 17 | €40,000 | €40,000 | = | 0.0% |
| Financial debts | 170/4 | €40,000 | €40,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €47,858 | €69,318 | +€21,460 | +44.8% |
| Trade debts | 44 | €19,711 | €17,070 | -€2,640 | -13.4% |
| Suppliers | 440/4 | €19,711 | €17,070 | -€2,640 | -13.4% |
| Taxes, remuneration and social security | 45 | €19,579 | €32,605 | +€13,026 | +66.5% |
| Taxes | 450/3 | €4,597 | €21,641 | +€17,043 | +371% |
| Remuneration and social security | 454/9 | €14,981 | €10,964 | -€4,017 | -26.8% |
| Other amounts payable | 47/48 | €8,568 | €19,643 | +€11,074 | +129% |
| Accrued charges and deferred income | 492/3 | €13,967 | €254 | -€13,712 | -98.2% |
| Remuneration, social security and pensions | 62 | €163,754 | €138,026 | -€25,728 | -15.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,024 | €13,536 | -€8,487 | -38.5% |
| Other operating charges | 640/8 | €3,412 | €735 | -€2,677 | -78.5% |
| Gross operating margin | 9900 | €215,138 | €215,038 | -€100 | 0.0% |
| Operating profit (loss) | 9901 | €25,947 | €62,741 | +€36,793 | +142% |
| Financial income | 75/76B | €2,383 | €108 | -€2,276 | -95.5% |
| Recurring financial income | 75 | €2,383 | €108 | -€2,276 | -95.5% |
| Financial charges | 65/66B | €4,545 | €5,087 | +€542 | +11.9% |
| Recurring financial charges | 65 | €4,545 | €5,087 | +€542 | +11.9% |
| Profit (loss) for the period before taxes | 9903 | €23,786 | €57,761 | +€33,975 | +143% |
| Income taxes | 67/77 | - | €27,948 | +€27,948 | |
| Profit (loss) for the period | 9904 | €23,786 | €29,813 | +€6,027 | +25.3% |
| Profit (loss) for the period to be appropriated | 9905 | €23,786 | €29,813 | +€6,027 | +25.3% |
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.