MIALHEC: 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.
MIALHEC
Largest movements
- Cash +€40,543
up €40,543 (+100%), from €40,377 to €80,920
mainly Debts after one year (+€15,690) and Tax, wage and social debts (+€15,361)
- Receivables within one year -€8,908
down €8,908 (-83.8%), from €10,630 to €1,722
- Deferred charges and accrued income -€1,129
no longer reported in 2025 (was €1,129)
- Debts after one year +€15,690
up €15,690 (+82.3%), from €19,058 to €34,748
- Tax, wage and social debts +€15,361
up €15,361 (+377%), from €4,077 to €19,438
of which Remuneration and social security: +€13,840
- Trade debts +€9,750
up €9,750 (+949%), from €1,027 to €10,777
- Profit (loss) carried forward -€5,889
down €5,889 (-299%), from -€1,969 to -€7,858
- Current portion of long-term debt -€5,000
no longer reported in 2025 (was €5,000)
- Staff costs +€54,878
up €54,878 (+131%), from €42,049 to €96,927
- Gross operating margin +€5,072
up €5,072 (+5.6%), from €91,269 to €96,341
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 | €62,653 | €92,565 | +€29,912 | +47.7% |
| Fixed assets | 21/28 | €10,517 | €9,923 | -€594 | -5.6% |
| Tangible fixed assets | 22/27 | €6,732 | €6,138 | -€594 | -8.8% |
| Land and buildings | 22 | €6,468 | €4,759 | -€1,709 | -26.4% |
| Furniture and vehicles | 24 | €264 | €1,379 | +€1,115 | +422% |
| Financial fixed assets | 28 | €3,785 | €3,785 | = | 0.0% |
| Current assets | 29/58 | €52,136 | €82,642 | +€30,506 | +58.5% |
| Amounts receivable within one year | 40/41 | €10,630 | €1,722 | -€8,908 | -83.8% |
| Other amounts receivable | 41 | €10,630 | €1,722 | -€8,908 | -83.8% |
| Cash at bank and in hand | 54/58 | €40,377 | €80,920 | +€40,543 | +100% |
| Deferred charges and accrued income | 490/1 | €1,129 | - | -€1,129 | |
| Total equity and liabilities | 10/49 | €62,653 | €92,565 | +€29,912 | +47.7% |
| Equity | 10/15 | €33,491 | €27,602 | -€5,889 | -17.6% |
| Contributions | 10/11 | €20,460 | €20,460 | = | 0.0% |
| Reserves | 13 | €15,000 | €15,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €15,000 | €15,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€1,969 | -€7,858 | -€5,889 | -299% |
| Amounts payable | 17/49 | €29,162 | €64,963 | +€35,801 | +123% |
| Amounts payable after more than one year | 17 | €19,058 | €34,748 | +€15,690 | +82.3% |
| Other amounts payable | 178/9 | €19,058 | €34,748 | +€15,690 | +82.3% |
| Amounts payable within one year | 42/48 | €10,104 | €30,215 | +€20,111 | +199% |
| Current portion of amounts payable after more than one year | 42 | €5,000 | - | -€5,000 | |
| Trade debts | 44 | €1,027 | €10,777 | +€9,750 | +949% |
| Suppliers | 440/4 | €1,027 | €10,777 | +€9,750 | +949% |
| Taxes, remuneration and social security | 45 | €4,077 | €19,438 | +€15,361 | +377% |
| Taxes | 450/3 | - | €1,521 | +€1,521 | |
| Remuneration and social security | 454/9 | €4,077 | €17,917 | +€13,840 | +339% |
| Remuneration, social security and pensions | 62 | €42,049 | €96,927 | +€54,878 | +131% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,172 | €3,931 | -€241 | -5.8% |
| Other operating charges | 640/8 | €560 | €961 | +€401 | +71.6% |
| Gross operating margin | 9900 | €91,269 | €96,341 | +€5,072 | +5.6% |
| Operating profit (loss) | 9901 | €44,488 | -€5,478 | -€49,966 | |
| Financial income | 75/76B | €1 | €375 | +€374 | +37,400% |
| Recurring financial income | 75 | €1 | €375 | +€374 | +37,400% |
| Financial charges | 65/66B | €1,371 | €565 | -€806 | -58.8% |
| Recurring financial charges | 65 | €1,371 | €565 | -€806 | -58.8% |
| Profit (loss) for the period before taxes | 9903 | €43,118 | -€5,668 | -€48,786 | |
| Income taxes | 67/77 | €295 | €221 | -€74 | -25.1% |
| Profit (loss) for the period | 9904 | €42,823 | -€5,889 | -€48,712 | |
| Profit (loss) for the period to be appropriated | 9905 | €42,823 | -€5,889 | -€48,712 |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 13 October 2026 via checked.be.