Miam La Mer: 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.
Miam La Mer
Largest movements
- Tangible fixed assets +€451,991
up €451,991 (+267%), from €169,317 to €621,308
of which Leasing and similar rights: +€254,761
- Receivables within one year +€82,646
up €82,646 (+240%), from €34,482 to €117,128
of which Trade receivables: +€86,668
- Cash +€26,010
up €26,010 (+129%), from €20,167 to €46,177
mainly Debts after one year (+€293,722) and Trade debts (+€173,932)
- Debts after one year +€293,722
up €293,722 (+400%), from €73,441 to €367,163
- Trade debts +€173,932
up €173,932 (+484%), from €35,906 to €209,838
- Other debts +€67,674
up €67,674 (+3,266%), from €2,072 to €69,746
- Current portion of long-term debt +€67,519
up €67,519 (+229%), from €29,444 to €96,963
- Profit (loss) carried forward -€43,809
down €43,809 (-70.0%), from €62,551 to €18,742
- Staff costs +€75,738
up €75,738 (+95.2%), from €79,568 to €155,307
- Gross operating margin +€33,652
up €33,652 (+22.9%), from €147,059 to €180,710
- Depreciation +€14,685
up €14,685 (+48.2%), from €30,489 to €45,174
- Financial charges +€7,082
up €7,082 (+137%), from €5,167 to €12,248
- Other operating charges +€6,551
up €6,551 (+1,212%), from €540 to €7,091
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 | €235,662 | €797,841 | +€562,179 | +239% |
| Fixed assets | 21/28 | €169,385 | €621,308 | +€451,923 | +267% |
| Intangible fixed assets | 21 | €68 | - | -€68 | |
| Tangible fixed assets | 22/27 | €169,317 | €621,308 | +€451,991 | +267% |
| Land and buildings | 22 | €95,336 | €80,366 | -€14,970 | -15.7% |
| Plant, machinery and equipment | 23 | €53,603 | €42,086 | -€11,517 | -21.5% |
| Furniture and vehicles | 24 | €20,378 | €17,172 | -€3,206 | -15.7% |
| Leasing and similar rights | 25 | - | €254,761 | +€254,761 | |
| Other tangible fixed assets | 26 | - | €226,923 | +€226,923 | |
| Current assets | 29/58 | €66,277 | €176,533 | +€110,256 | +166% |
| Stocks and contracts in progress | 3 | €8,580 | €9,890 | +€1,310 | +15.3% |
| Stocks | 30/36 | €8,580 | €9,890 | +€1,310 | +15.3% |
| Amounts receivable within one year | 40/41 | €34,482 | €117,128 | +€82,646 | +240% |
| Trade receivables | 40 | €9,418 | €96,086 | +€86,668 | +920% |
| Other amounts receivable | 41 | €25,064 | €21,042 | -€4,022 | -16.0% |
| Cash at bank and in hand | 54/58 | €20,167 | €46,177 | +€26,010 | +129% |
| Deferred charges and accrued income | 490/1 | €3,049 | €3,338 | +€289 | +9.5% |
| Total equity and liabilities | 10/49 | €235,662 | €797,841 | +€562,179 | +239% |
| Equity | 10/15 | €87,551 | €43,742 | -€43,809 | -50.0% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €62,551 | €18,742 | -€43,809 | -70.0% |
| Amounts payable | 17/49 | €148,111 | €754,099 | +€605,987 | +409% |
| Amounts payable after more than one year | 17 | €73,441 | €367,163 | +€293,722 | +400% |
| Financial debts | 170/4 | €73,441 | €367,163 | +€293,722 | +400% |
| Amounts payable within one year | 42/48 | €74,670 | €386,936 | +€312,266 | +418% |
| Current portion of amounts payable after more than one year | 42 | €29,444 | €96,963 | +€67,519 | +229% |
| Trade debts | 44 | €35,906 | €209,838 | +€173,932 | +484% |
| Suppliers | 440/4 | €35,906 | €209,838 | +€173,932 | +484% |
| Taxes, remuneration and social security | 45 | €7,248 | €10,389 | +€3,141 | +43.3% |
| Taxes | 450/3 | €890 | - | -€890 | |
| Remuneration and social security | 454/9 | €6,358 | €10,389 | +€4,031 | +63.4% |
| Other amounts payable | 47/48 | €2,072 | €69,746 | +€67,674 | +3,266% |
| Remuneration, social security and pensions | 62 | €79,568 | €155,307 | +€75,738 | +95.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €30,489 | €45,174 | +€14,685 | +48.2% |
| Other operating charges | 640/8 | €540 | €7,091 | +€6,551 | +1,212% |
| Gross operating margin | 9900 | €147,059 | €180,710 | +€33,652 | +22.9% |
| Operating profit (loss) | 9901 | €36,460 | -€26,862 | -€63,322 | |
| Financial income | 75/76B | €12 | €238 | +€226 | +1,961% |
| Recurring financial income | 75 | €12 | €238 | +€226 | +1,961% |
| Financial charges | 65/66B | €5,167 | €12,248 | +€7,082 | +137% |
| Recurring financial charges | 65 | €5,167 | €12,248 | +€7,082 | +137% |
| Profit (loss) for the period before taxes | 9903 | €31,305 | -€38,873 | -€70,178 | |
| Income taxes | 67/77 | €840 | €4,936 | +€4,097 | +488% |
| Profit (loss) for the period | 9904 | €30,466 | -€43,809 | -€74,275 | |
| Profit (loss) for the period to be appropriated | 9905 | €30,466 | -€43,809 | -€74,275 |
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 27 October 2026 via checked.be.