MIAL: what changed
Two fiscal 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.
MIAL
Largest movements
- Current assets +€4,994
up €4,994 (+85.3%), from €5,854 to €10,848
of which Receivables within one year: +€3,149
- Tangible fixed assets -€422
no longer reported in 2021 (was €422)
- Debts within one year +€2,322
up €2,322 (+26.8%), from €8,662 to €10,984
of which Other debts: +€3,868
- Profit (loss) carried forward +€2,250
up €2,250 (+11.8%), from -€19,146 to -€16,896
- Gross operating margin -€256
down €256 (-7.9%), from €3,254 to €2,998
- Financial charges +€177
new in 2021: €177
- Other operating charges +€149
new in 2021: €149
From the 2020 result to the 2021 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.
Cash bridge derived
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2020 | 2021 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €8,116 | €12,688 | +€4,572 | +56.3% |
| Fixed assets | 21/28 | €2,262 | €1,840 | -€422 | -18.7% |
| Tangible fixed assets | 22/27 | €422 | - | -€422 | |
| Financial fixed assets | 28 | €1,840 | €1,840 | = | 0.0% |
| Current assets | 29/58 | €5,854 | €10,848 | +€4,994 | +85.3% |
| Amounts receivable within one year | 40/41 | €5,027 | €8,176 | +€3,149 | +62.6% |
| Trade receivables | 40 | - | €8,176 | +€8,176 | |
| Cash at bank and in hand | 54/58 | €601 | €2,446 | +€1,845 | +307.1% |
| Deferred charges and accrued income | 490/1 | - | €226 | +€226 | |
| Total equity and liabilities | 10/49 | €8,116 | €12,688 | +€4,572 | +56.3% |
| Equity | 10/15 | -€546 | €1,704 | +€2,250 | |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Capital | 10 | - | €18,600 | +€18,600 | |
| Issued capital | 100 | - | €18,600 | +€18,600 | |
| Profit (loss) carried forward | 14 | -€19,146 | -€16,896 | +€2,250 | +11.8% |
| Amounts payable | 17/49 | €8,662 | €10,984 | +€2,322 | +26.8% |
| Amounts payable within one year | 42/48 | €8,662 | €10,984 | +€2,322 | +26.8% |
| Trade debts | 44 | €3,700 | €6,958 | +€3,258 | +88.1% |
| Suppliers | 440/4 | - | €6,958 | +€6,958 | |
| Taxes, remuneration and social security | 45 | - | €158 | +€158 | |
| Taxes | 450/3 | - | €158 | +€158 | |
| Other amounts payable | 47/48 | - | €3,868 | +€3,868 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €422 | €422 | +€0 | 0.0% |
| Other operating charges | 640/8 | - | €149 | +€149 | |
| Gross operating margin | 9900 | €3,254 | €2,998 | -€256 | -7.9% |
| Operating profit (loss) | 9901 | €2,832 | €2,426 | -€406 | -14.3% |
| Financial charges | 65/66B | - | €177 | +€177 | |
| Recurring financial charges | 65 | €256 | €177 | -€80 | -31.0% |
| Profit (loss) for the period before taxes | 9903 | €2,576 | €2,250 | -€326 | -12.7% |
| Profit (loss) for the period | 9904 | €2,576 | €2,250 | -€326 | -12.7% |
| Profit (loss) for the period to be appropriated | 9905 | €2,576 | €2,250 | -€326 | -12.7% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2020 and 31 December 2021. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.