F. VAN MIERLO: 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.
F. VAN MIERLO
Largest movements
- Receivables within one year -€6,381
no longer reported in 2025 (was €6,381)
of which Trade receivables: -€6,353
- Cash +€4,382
up €4,382 (+6.9%), from €63,829 to €68,211
mainly Receivables within one year (+€6,381) and Other debts (+€269)
- Profit (loss) carried forward -€1,771
down €1,771 (-2.6%), from -€67,038 to -€68,809
- Gross operating margin -€8,700
down €8,700, from €7,739 to -€961
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 | €70,210 | €68,211 | -€2,000 | -2.8% |
| Current assets | 29/58 | €70,210 | €68,211 | -€2,000 | -2.8% |
| Amounts receivable within one year | 40/41 | €6,381 | - | -€6,381 | |
| Trade receivables | 40 | €6,353 | - | -€6,353 | |
| Other amounts receivable | 41 | €28 | - | -€28 | |
| Cash at bank and in hand | 54/58 | €63,829 | €68,211 | +€4,382 | +6.9% |
| Total equity and liabilities | 10/49 | €70,210 | €68,211 | -€2,000 | -2.8% |
| Equity | 10/15 | €16,162 | €14,391 | -€1,771 | -11.0% |
| Contributions | 10/11 | €13,700 | €13,700 | = | 0.0% |
| Reserves | 13 | €69,500 | €69,500 | = | 0.0% |
| Distributable reserves | 133 | €69,500 | €69,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€67,038 | -€68,809 | -€1,771 | -2.6% |
| Amounts payable | 17/49 | €54,048 | €53,820 | -€229 | -0.4% |
| Amounts payable within one year | 42/48 | €53,948 | €53,720 | -€229 | -0.4% |
| Trade debts | 44 | €1,231 | €733 | -€498 | -40.4% |
| Suppliers | 440/4 | €1,231 | €733 | -€498 | -40.4% |
| Other amounts payable | 47/48 | €52,717 | €52,986 | +€269 | +0.5% |
| Accrued charges and deferred income | 492/3 | €100 | €100 | = | 0.0% |
| Non-recurring operating income | 76A | €6,000 | €2,815 | -€3,185 | -53.1% |
| Other operating charges | 640/8 | €600 | €620 | +€20 | +3.3% |
| Gross operating margin | 9900 | €7,739 | -€961 | -€8,700 | |
| Operating profit (loss) | 9901 | €7,139 | -€1,581 | -€8,720 | |
| Financial charges | 65/66B | €167 | €190 | +€23 | +14.1% |
| Recurring financial charges | 65 | €167 | €190 | +€23 | +14.1% |
| Profit (loss) for the period before taxes | 9903 | €6,972 | -€1,771 | -€8,743 | |
| Profit (loss) for the period | 9904 | €6,972 | -€1,771 | -€8,743 | |
| Profit (loss) for the period to be appropriated | 9905 | €6,972 | -€1,771 | -€8,743 |
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 14 October 2026 via checked.be.