MIAM'S: 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'S
Largest movements
- Receivables within one year +€16,252
up €16,252 (+50.5%), from €32,171 to €48,422
of which Trade receivables: +€18,973
- Cash +€6,427
up €6,427 (+60.2%), from €10,677 to €17,104
mainly Trade debts (+€25,756) and Depreciation (+€6,518)
- Trade debts +€25,756
up €25,756 (+146%), from €17,623 to €43,379
- Debts after one year -€10,000
down €10,000 (-45.4%), from €22,032 to €12,033
- Profit (loss) carried forward +€6,200
up €6,200 (+22.7%), from -€27,360 to -€21,160
- Tax, wage and social debts +€1,722
up €1,722 (+11.0%), from €15,670 to €17,391
of which Taxes: +€912
- Other debts -€1,447
down €1,447 (-16.9%), from €8,539 to €7,092
- Gross operating margin -€39,555
down €39,555 (-47.0%), from €84,122 to €44,567
- Other operating charges -€15,666
down €15,666 (-75.5%), from €20,750 to €5,084
- Staff costs -€15,420
down €15,420 (-41.3%), from €37,314 to €21,894
- Depreciation -€3,758
down €3,758 (-36.6%), from €10,276 to €6,518
- Taxes -€2,683
down €2,683 (-57.9%), from €4,637 to €1,954
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 | €55,105 | €78,689 | +€23,585 | +42.8% |
| Fixed assets | 21/28 | €10,413 | €10,588 | +€175 | +1.7% |
| Tangible fixed assets | 22/27 | €10,323 | €10,498 | +€175 | +1.7% |
| Plant, machinery and equipment | 23 | €3,435 | €2,152 | -€1,284 | -37.4% |
| Furniture and vehicles | 24 | €6,887 | €8,346 | +€1,459 | +21.2% |
| Financial fixed assets | 28 | €90 | €90 | = | 0.0% |
| Current assets | 29/58 | €44,692 | €68,101 | +€23,409 | +52.4% |
| Stocks and contracts in progress | 3 | €1,017 | €1,455 | +€438 | +43.0% |
| Stocks | 30/36 | €1,017 | €1,455 | +€438 | +43.0% |
| Amounts receivable within one year | 40/41 | €32,171 | €48,422 | +€16,252 | +50.5% |
| Trade receivables | 40 | €28,028 | €47,001 | +€18,973 | +67.7% |
| Other amounts receivable | 41 | €4,143 | €1,421 | -€2,721 | -65.7% |
| Cash at bank and in hand | 54/58 | €10,677 | €17,104 | +€6,427 | +60.2% |
| Deferred charges and accrued income | 490/1 | €827 | €1,120 | +€293 | +35.4% |
| Total equity and liabilities | 10/49 | €55,105 | €78,689 | +€23,585 | +42.8% |
| Equity | 10/15 | -€8,760 | -€2,560 | +€6,200 | +70.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€27,360 | -€21,160 | +€6,200 | +22.7% |
| Amounts payable | 17/49 | €63,864 | €81,249 | +€17,385 | +27.2% |
| Amounts payable after more than one year | 17 | €22,032 | €12,033 | -€10,000 | -45.4% |
| Other amounts payable | 178/9 | €22,032 | €12,033 | -€10,000 | -45.4% |
| Amounts payable within one year | 42/48 | €41,832 | €67,862 | +€26,030 | +62.2% |
| Trade debts | 44 | €17,623 | €43,379 | +€25,756 | +146% |
| Suppliers | 440/4 | €17,623 | €43,379 | +€25,756 | +146% |
| Taxes, remuneration and social security | 45 | €15,670 | €17,391 | +€1,722 | +11.0% |
| Taxes | 450/3 | €13,628 | €14,540 | +€912 | +6.7% |
| Remuneration and social security | 454/9 | €2,041 | €2,851 | +€810 | +39.7% |
| Other amounts payable | 47/48 | €8,539 | €7,092 | -€1,447 | -16.9% |
| Accrued charges and deferred income | 492/3 | - | €1,355 | +€1,355 | |
| Remuneration, social security and pensions | 62 | €37,314 | €21,894 | -€15,420 | -41.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,276 | €6,518 | -€3,758 | -36.6% |
| Other operating charges | 640/8 | €20,750 | €5,084 | -€15,666 | -75.5% |
| Non-recurring operating charges | 66A | €972 | - | -€972 | |
| Gross operating margin | 9900 | €84,122 | €44,567 | -€39,555 | -47.0% |
| Operating profit (loss) | 9901 | €14,809 | €11,070 | -€3,739 | -25.2% |
| Financial income | 75/76B | €115 | €43 | -€72 | -62.7% |
| Recurring financial income | 75 | €115 | €43 | -€72 | -62.7% |
| Financial charges | 65/66B | €4,169 | €2,959 | -€1,210 | -29.0% |
| Recurring financial charges | 65 | €4,169 | €2,959 | -€1,210 | -29.0% |
| Profit (loss) for the period before taxes | 9903 | €10,755 | €8,154 | -€2,601 | -24.2% |
| Income taxes | 67/77 | €4,637 | €1,954 | -€2,683 | -57.9% |
| Profit (loss) for the period | 9904 | €6,118 | €6,200 | +€82 | +1.3% |
| Profit (loss) for the period to be appropriated | 9905 | €6,118 | €6,200 | +€82 | +1.3% |
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 18 October 2026 via checked.be.