MIALI: 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.
What changed
MIALI
NACE 69.201, Certified accountants and tax accountants
financial year 2024 against 2025filed annual accounts (NBB)
Net result for the year
-€50,560
2024 · -€57,871+€7,311
Equity
€56,059
2024 · €104,087-€48,028
Cash
€17
2024 · €109-€93
Balance sheet total
€550,154
2024 · €565,666-€15,512
Largest movements
Assets
- Receivables within one year -€19,330
down €19,330 (-29.5%), from €65,620 to €46,290
of which Other amounts receivable: -€21,573
Equity and liabilities
- Profit (loss) carried forward -€48,028
down €48,028, from €38,427 to -€9,601
- Other debts +€38,319
up €38,319 (+38.9%), from €98,623 to €136,942
- Debts after one year -€19,367
down €19,367 (-6.0%), from €325,023 to €305,655
- Trade debts +€12,352
up €12,352 (+187.9%), from €6,573 to €18,925
Income statement
- Gross operating margin +€5,580
up €5,580 (+16.7%), from -€33,418 to -€27,838
- Financial income +€2,887
up €2,887 (+360837.5%), from €1 to €2,888
- Financial charges +€949
up €949 (+10.5%), from €9,051 to €10,000
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.
Result 2024
-€57,871
Gross operating margin
+€5,580
Depreciation
-€3
Other operating charges
-€204
Financial income
+€2,887
Financial charges
-€949
Result 2025
-€50,560
Cash bridge derived
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.
From operations
+€30,160
Investment
-€17,090
Financing
-€13,163
Cash 2024
€109
From operations (derived)
+€30,160
Net result for the year
-€50,560
Depreciation
+€13,180
Receivables within one year
+€19,330
Trade debts
+€12,352
Tax, wage and social debts
-€3,510
Other debts
+€38,319
Accrued charges and deferred income
+€1,050
Investment (derived)
-€17,090
Investment in fixed assets (net)
-€17,090
Financing
-€13,163
Debts after one year
-€19,367
Current portion of long-term debt
+€277
Short-term financial debts
+€3,395
Contributions, distributions and other
+€2,532
Cash 2025
€17
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €565,666 | €550,154 | -€15,512 | -2.7% |
| Fixed assets | 21/28 | €384,438 | €388,348 | +€3,910 | +1.0% |
| Tangible fixed assets | 22/27 | €384,438 | €388,348 | +€3,910 | +1.0% |
| Land and buildings | 22 | €384,438 | €385,569 | +€1,131 | +0.3% |
| Plant, machinery and equipment | 23 | - | €2,779 | +€2,779 | |
| Current assets | 29/58 | €181,229 | €161,806 | -€19,422 | -10.7% |
| Amounts receivable after more than one year | 29 | €115,500 | €115,500 | = | 0.0% |
| Other amounts receivable | 291 | €115,500 | €115,500 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €65,620 | €46,290 | -€19,330 | -29.5% |
| Trade receivables | 40 | €26,560 | €28,803 | +€2,243 | +8.4% |
| Other amounts receivable | 41 | €39,060 | €17,487 | -€21,573 | -55.2% |
| Cash at bank and in hand | 54/58 | €109 | €17 | -€93 | -84.9% |
| Total equity and liabilities | 10/49 | €565,666 | €550,154 | -€15,512 | -2.7% |
| Equity | 10/15 | €104,087 | €56,059 | -€48,028 | -46.1% |
| Contributions | 10/11 | €7,000 | €7,000 | = | 0.0% |
| Reserves | 13 | €58,660 | €58,660 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2,500 | €2,500 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,500 | €2,500 | = | 0.0% |
| Tax-exempt reserves | 132 | €2,160 | €2,160 | = | 0.0% |
| Distributable reserves | 133 | €54,000 | €54,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €38,427 | -€9,601 | -€48,028 | |
| Amounts payable | 17/49 | €461,579 | €494,095 | +€32,516 | +7.0% |
| Amounts payable after more than one year | 17 | €325,023 | €305,655 | -€19,367 | -6.0% |
| Financial debts | 170/4 | €325,023 | €305,655 | -€19,367 | -6.0% |
| Amounts payable within one year | 42/48 | €136,557 | €187,390 | +€50,833 | +37.2% |
| Current portion of amounts payable after more than one year | 42 | €20,341 | €20,617 | +€277 | +1.4% |
| Financial debts | 43 | €3,456 | €6,851 | +€3,395 | +98.2% |
| Credit institutions | 430/8 | €3,456 | €6,851 | +€3,395 | +98.2% |
| Trade debts | 44 | €6,573 | €18,925 | +€12,352 | +187.9% |
| Suppliers | 440/4 | €6,573 | €18,925 | +€12,352 | +187.9% |
| Taxes, remuneration and social security | 45 | €7,564 | €4,054 | -€3,510 | -46.4% |
| Taxes | 450/3 | €7,564 | €4,054 | -€3,510 | -46.4% |
| Other amounts payable | 47/48 | €98,623 | €136,942 | +€38,319 | +38.9% |
| Accrued charges and deferred income | 492/3 | - | €1,050 | +€1,050 | |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,177 | €13,180 | +€3 | 0.0% |
| Other operating charges | 640/8 | €2,226 | €2,431 | +€204 | +9.2% |
| Gross operating margin | 9900 | -€33,418 | -€27,838 | +€5,580 | +16.7% |
| Operating profit (loss) | 9901 | -€48,821 | -€43,448 | +€5,373 | +11.0% |
| Financial income | 75/76B | €1 | €2,888 | +€2,887 | +360837.5% |
| Recurring financial income | 75 | €1 | €2,888 | +€2,887 | +360837.5% |
| Financial charges | 65/66B | €9,051 | €10,000 | +€949 | +10.5% |
| Recurring financial charges | 65 | €9,051 | €10,000 | +€949 | +10.5% |
| Profit (loss) for the period before taxes | 9903 | -€57,871 | -€50,560 | +€7,311 | +12.6% |
| Profit (loss) for the period | 9904 | -€57,871 | -€50,560 | +€7,311 | +12.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€57,871 | -€50,560 | +€7,311 | +12.6% |
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 12 October 2026 via checked.be.