M.I.A.R: 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.
M.I.A.R
Largest movements
- Cash +€31,190
up €31,190 (+545%), from €5,719 to €36,909
mainly Trade debts (+€43,045) and Depreciation (+€41,414)
- Receivables within one year +€4,810
up €4,810 (+10.3%), from €46,750 to €51,560
of which Trade receivables: +€36,054
- Tangible fixed assets -€3,914
down €3,914 (-5.9%), from €66,082 to €62,168
- Trade debts +€43,045
up €43,045 (+388%), from €11,100 to €54,145
- Debts after one year -€8,510
down €8,510 (-38.7%), from €21,965 to €13,454
- Current portion of long-term debt +€7,109
up €7,109 (+210%), from €3,386 to €10,495
- Tax, wage and social debts -€7,011
down €7,011 (-13.7%), from €50,998 to €43,987
- Other debts -€4,062
down €4,062 (-62.6%), from €6,493 to €2,431
- Gross operating margin +€11,860
up €11,860 (+31.7%), from €37,438 to €49,298
- Depreciation +€8,806
up €8,806 (+27.0%), from €32,609 to €41,414
- Other operating charges +€1,664
up €1,664 (+67.9%), from €2,449 to €4,113
- Taxes +€753
up €753 (+76.9%), from €979 to €1,732
From the 2022 result to the 2023 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 2022 and 2023 balance sheets and the 2023 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2022 | 2023 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €119,301 | €151,387 | +€32,086 | +26.9% |
| Fixed assets | 21/28 | €66,832 | €62,918 | -€3,914 | -5.9% |
| Tangible fixed assets | 22/27 | €66,082 | €62,168 | -€3,914 | -5.9% |
| Furniture and vehicles | 24 | €66,082 | €62,168 | -€3,914 | -5.9% |
| Financial fixed assets | 28 | €750 | €750 | = | 0.0% |
| Current assets | 29/58 | €52,469 | €88,469 | +€36,001 | +68.6% |
| Amounts receivable within one year | 40/41 | €46,750 | €51,560 | +€4,810 | +10.3% |
| Trade receivables | 40 | €15,506 | €51,560 | +€36,054 | +233% |
| Other amounts receivable | 41 | €31,244 | - | -€31,244 | |
| Cash at bank and in hand | 54/58 | €5,719 | €36,909 | +€31,190 | +545% |
| Total equity and liabilities | 10/49 | €119,301 | €151,387 | +€32,086 | +26.9% |
| Equity | 10/15 | €25,359 | €26,875 | +€1,515 | +6.0% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €15,359 | €16,875 | +€1,515 | +9.9% |
| Amounts payable | 17/49 | €93,942 | €124,513 | +€30,571 | +32.5% |
| Amounts payable after more than one year | 17 | €21,965 | €13,454 | -€8,510 | -38.7% |
| Financial debts | 170/4 | €21,965 | €13,454 | -€8,510 | -38.7% |
| Amounts payable within one year | 42/48 | €71,977 | €111,059 | +€39,081 | +54.3% |
| Current portion of amounts payable after more than one year | 42 | €3,386 | €10,495 | +€7,109 | +210% |
| Trade debts | 44 | €11,100 | €54,145 | +€43,045 | +388% |
| Suppliers | 440/4 | €11,100 | €54,145 | +€43,045 | +388% |
| Taxes, remuneration and social security | 45 | €50,998 | €43,987 | -€7,011 | -13.7% |
| Taxes | 450/3 | €50,998 | €43,987 | -€7,011 | -13.7% |
| Other amounts payable | 47/48 | €6,493 | €2,431 | -€4,062 | -62.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €32,609 | €41,414 | +€8,806 | +27.0% |
| Other operating charges | 640/8 | €2,449 | €4,113 | +€1,664 | +67.9% |
| Gross operating margin | 9900 | €37,438 | €49,298 | +€11,860 | +31.7% |
| Operating profit (loss) | 9901 | €2,380 | €3,771 | +€1,391 | +58.5% |
| Financial charges | 65/66B | €331 | €523 | +€192 | +58.1% |
| Recurring financial charges | 65 | €331 | €523 | +€192 | +58.1% |
| Non-recurring financial charges | 66B | €331 | €523 | +€192 | +58.1% |
| Profit (loss) for the period before taxes | 9903 | €2,049 | €3,248 | +€1,199 | +58.5% |
| Income taxes | 67/77 | €979 | €1,732 | +€753 | +76.9% |
| Profit (loss) for the period | 9904 | €1,070 | €1,515 | +€446 | +41.7% |
| Profit (loss) for the period to be appropriated | 9905 | €1,070 | €1,515 | +€446 | +41.7% |
Source: filed annual accounts (NBB), financial years ended 31 December 2022 and 31 December 2023. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 October 2026 via checked.be.