MIA PROJECTS: 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.
MIA PROJECTS
Largest movements
- Cash -€315,386
down €315,386 (-99.4%), from €317,351 to €1,965
mainly Tax, wage and social debts (-€234,433) and Debts after one year (-€54,616)
- Tax, wage and social debts -€234,433
no longer reported in 2025 (was €234,433)
- Debts after one year -€54,616
down €54,616 (-28.4%), from €192,613 to €137,996
- Profit (loss) carried forward -€25,983
down €25,983 (-22.7%), from -€114,258 to -€140,241
- Gross operating margin +€88,281
up €88,281 (+81.3%), from -€108,641 to -€20,360
- Other operating charges +€4,863
up €4,863 (+962%), from €505 to €5,368
- Financial income -€1,271
no longer reported in 2025 (was €1,271)
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 | €317,351 | €2,319 | -€315,032 | -99.3% |
| Current assets | 29/58 | €317,351 | €2,319 | -€315,032 | -99.3% |
| Amounts receivable within one year | 40/41 | - | €354 | +€354 | |
| Other amounts receivable | 41 | - | €354 | +€354 | |
| Cash at bank and in hand | 54/58 | €317,351 | €1,965 | -€315,386 | -99.4% |
| Total equity and liabilities | 10/49 | €317,351 | €2,319 | -€315,032 | -99.3% |
| Equity | 10/15 | -€111,758 | -€137,741 | -€25,983 | -23.2% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€114,258 | -€140,241 | -€25,983 | -22.7% |
| Amounts payable | 17/49 | €429,109 | €140,060 | -€289,049 | -67.4% |
| Amounts payable after more than one year | 17 | €192,613 | €137,996 | -€54,616 | -28.4% |
| Other amounts payable | 178/9 | €192,613 | €137,996 | -€54,616 | -28.4% |
| Amounts payable within one year | 42/48 | €236,496 | €2,063 | -€234,433 | -99.1% |
| Trade debts | 44 | €2,063 | €2,063 | = | 0.0% |
| Suppliers | 440/4 | €2,063 | €2,063 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €234,433 | - | -€234,433 | |
| Taxes | 450/3 | €234,433 | - | -€234,433 | |
| Other operating charges | 640/8 | €505 | €5,368 | +€4,863 | +962% |
| Gross operating margin | 9900 | -€108,641 | -€20,360 | +€88,281 | +81.3% |
| Operating profit (loss) | 9901 | -€109,146 | -€25,728 | +€83,418 | +76.4% |
| Financial income | 75/76B | €1,271 | - | -€1,271 | |
| Recurring financial income | 75 | €1,271 | - | -€1,271 | |
| Financial charges | 65/66B | €667 | €255 | -€413 | -61.8% |
| Recurring financial charges | 65 | €667 | €255 | -€413 | -61.8% |
| Profit (loss) for the period before taxes | 9903 | -€108,543 | -€25,983 | +€82,560 | +76.1% |
| Profit (loss) for the period | 9904 | -€108,543 | -€25,983 | +€82,560 | +76.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€108,543 | -€25,983 | +€82,560 | +76.1% |
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 17 October 2026 via checked.be.