MIAN MORA: 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.
MIAN MORA
Largest movements
- Receivables within one year +€29,565
up €29,565 (+173%), from €17,130 to €46,695
of which Trade receivables: +€15,094
- Cash -€2,372
down €2,372 (-71.7%), from €3,308 to €936
mainly Receivables within one year (-€29,565) and Contributions, distributions and other (-€23,559)
- Tangible fixed assets -€1,506
down €1,506 (-36.5%), from €4,125 to €2,619
of which Furniture and vehicles: -€1,216
- Deferred charges and accrued income +€1,240
up €1,240 (+61.8%), from €2,005 to €3,244
- Other debts +€24,131
up €24,131 (+2,265%), from €1,065 to €25,197
- Trade debts +€9,168
up €9,168 (+121%), from €7,601 to €16,769
- Tax, wage and social debts +€6,272
up €6,272 (+62.8%), from €9,988 to €16,259
of which Taxes: +€4,272
- Debts after one year -€5,127
down €5,127 (-100%), from €5,127 to €0
- Profit (loss) carried forward -€3,920
down €3,920 (-100%), from €3,920 to €0
- Gross operating margin +€9,886
up €9,886 (+55.4%), from €17,830 to €27,717
- Taxes +€3,006
up €3,006 (+97.5%), from €3,084 to €6,090
- Depreciation -€948
down €948 (-38.6%), from €2,453 to €1,506
- Financial income +€589
up €589 (+74.0%), from €796 to €1,384
- Financial charges -€329
down €329 (-27.0%), from €1,218 to €889
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 | €85,068 | €111,995 | +€26,927 | +31.7% |
| Fixed assets | 21/28 | €34,125 | €32,619 | -€1,506 | -4.4% |
| Tangible fixed assets | 22/27 | €4,125 | €2,619 | -€1,506 | -36.5% |
| Land and buildings | 22 | €2,465 | €2,176 | -€289 | -11.7% |
| Furniture and vehicles | 24 | €1,659 | €443 | -€1,216 | -73.3% |
| Financial fixed assets | 28 | €30,000 | €30,000 | = | 0.0% |
| Current assets | 29/58 | €50,944 | €79,376 | +€28,432 | +55.8% |
| Amounts receivable after more than one year | 29 | €28,500 | €28,500 | = | 0.0% |
| Trade receivables | 290 | €28,500 | €28,500 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €17,130 | €46,695 | +€29,565 | +173% |
| Trade receivables | 40 | €6,417 | €21,511 | +€15,094 | +235% |
| Other amounts receivable | 41 | €10,713 | €25,184 | +€14,471 | +135% |
| Cash at bank and in hand | 54/58 | €3,308 | €936 | -€2,372 | -71.7% |
| Deferred charges and accrued income | 490/1 | €2,005 | €3,244 | +€1,240 | +61.8% |
| Total equity and liabilities | 10/49 | €85,068 | €111,995 | +€26,927 | +31.7% |
| Equity | 10/15 | €52,564 | €48,644 | -€3,920 | -7.5% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €46,144 | €46,144 | = | 0.0% |
| Distributable reserves | 133 | €46,144 | €46,144 | = | 0.0% |
| Profit (loss) carried forward | 14 | €3,920 | €0 | -€3,920 | -100% |
| Amounts payable | 17/49 | €32,504 | €63,351 | +€30,847 | +94.9% |
| Amounts payable after more than one year | 17 | €5,127 | €0 | -€5,127 | -100% |
| Financial debts | 170/4 | €5,127 | €0 | -€5,127 | -100% |
| Amounts payable within one year | 42/48 | €27,378 | €63,351 | +€35,974 | +131% |
| Current portion of amounts payable after more than one year | 42 | €8,484 | €5,127 | -€3,357 | -39.6% |
| Financial debts | 43 | €239 | €0 | -€239 | -100% |
| Credit institutions | 430/8 | €239 | €0 | -€239 | -100% |
| Trade debts | 44 | €7,601 | €16,769 | +€9,168 | +121% |
| Suppliers | 440/4 | €7,601 | €16,769 | +€9,168 | +121% |
| Taxes, remuneration and social security | 45 | €9,988 | €16,259 | +€6,272 | +62.8% |
| Taxes | 450/3 | €9,988 | €14,259 | +€4,272 | +42.8% |
| Remuneration and social security | 454/9 | - | €2,000 | +€2,000 | |
| Other amounts payable | 47/48 | €1,065 | €25,197 | +€24,131 | +2,265% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,453 | €1,506 | -€948 | -38.6% |
| Other operating charges | 640/8 | €1,119 | €978 | -€141 | -12.6% |
| Gross operating margin | 9900 | €17,830 | €27,717 | +€9,886 | +55.4% |
| Operating profit (loss) | 9901 | €14,258 | €25,233 | +€10,975 | +77.0% |
| Financial income | 75/76B | €796 | €1,384 | +€589 | +74.0% |
| Recurring financial income | 75 | €796 | €1,384 | +€589 | +74.0% |
| Financial charges | 65/66B | €1,218 | €889 | -€329 | -27.0% |
| Recurring financial charges | 65 | €1,218 | €889 | -€329 | -27.0% |
| Profit (loss) for the period before taxes | 9903 | €13,836 | €25,728 | +€11,893 | +86.0% |
| Income taxes | 67/77 | €3,084 | €6,090 | +€3,006 | +97.5% |
| Profit (loss) for the period | 9904 | €10,752 | €19,638 | +€8,886 | +82.6% |
| Profit (loss) for the period to be appropriated | 9905 | €10,752 | €19,638 | +€8,886 | +82.6% |
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 16 October 2026 via checked.be.