MIANGA: what changed
Two fiscal 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
MIANGA
NACE 70.200, Business and other management consultancy
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€289,417
2024 · €129,751+€159,665
Equity
€7.1m
2024 · €3.8m+€3.3m
Cash
€33,362
2024 · €42,132-€8,770
Balance sheet total
€10.3m
2024 · €6.1m+€4.2m
Largest movements
Assets
- Tangible fixed assets +€2.8m
up €2.8m (+267.6%), from €1.0m to €3.8m
of which Land and buildings: +€2.8m
- Current investments +€1.2m
new in 2025: €1.2m
- Receivables within one year +€247,634
up €247,634 (+149.4%), from €165,765 to €413,399
of which Trade receivables: +€140,586
Equity and liabilities
- Contributions +€2.6m
up €2.6m (+13101.0%), from €20,000 to €2.6m
- Revaluation surpluses +€1.3m
new in 2025: €1.3m
- Short-term financial debts +€1.1m
new in 2025: €1.1m
- Reserves -€968,883
down €968,883 (-25.6%), from €3.8m to €2.8m
of which Distributable reserves: -€1.4m
- Profit (loss) carried forward +€290,932
up €290,932 (+94942.3%), from €306 to €291,238
Income statement
- Gross operating margin +€93,685
up €93,685 (+35.6%), from €263,054 to €356,739
- Staff costs -€50,898
down €50,898 (-100.0%), from €50,898 to €0
- Taxes -€40,945
down €40,945 (-99.1%), from €41,338 to €393
- Depreciation +€34,181
up €34,181 (+40.8%), from €83,770 to €117,951
- Financial income +€13,122
up €13,122 (+21.9%), from €60,000 to €73,122
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
€129,751
Gross operating margin
+€93,685
Staff costs
+€50,898
Depreciation
-€34,181
Other operating charges
-€4,045
Financial income
+€13,122
Financial charges
-€758
Taxes
+€40,945
Result 2025
€289,417
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
+€95,463
Investment
-€4.1m
Financing
+€3.9m
Cash 2024
€42,132
From operations (derived)
+€95,463
Net result for the year
+€289,417
Depreciation
+€117,951
Receivables within one year
-€247,634
Smaller working-capital items
-€6,053
Trade debts
-€20,023
Other debts
-€38,194
Investment (derived)
-€4.1m
Investment in fixed assets (net)
-€2.9m
Current investments
-€1.2m
Financing
+€3.9m
Debts after one year
-€144,635
Current portion of long-term debt
+€1,775
Short-term financial debts
+€1.1m
Contributions, distributions and other
+€3.0m
Cash 2025
€33,362
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €6,106,724 | €10,278,286 | +€4.2m | +68.3% |
| Fixed assets | 21/28 | €1,290,714 | €4,072,933 | +€2.8m | +215.6% |
| Tangible fixed assets | 22/27 | €1,039,714 | €3,821,933 | +€2.8m | +267.6% |
| Land and buildings | 22 | €927,789 | €3,747,994 | +€2.8m | +304.0% |
| Furniture and vehicles | 24 | €33,957 | €21,517 | -€12,440 | -36.6% |
| Leasing and similar rights | 25 | €77,968 | €52,422 | -€25,546 | -32.8% |
| Financial fixed assets | 28 | €251,000 | €251,000 | = | 0.0% |
| Current assets | 29/58 | €4,816,010 | €6,205,353 | +€1.4m | +28.8% |
| Amounts receivable after more than one year | 29 | €4,588,676 | €4,588,676 | = | 0.0% |
| Other amounts receivable | 291 | €4,588,676 | €4,588,676 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €165,765 | €413,399 | +€247,634 | +149.4% |
| Trade receivables | 40 | €161,372 | €301,958 | +€140,586 | +87.1% |
| Other amounts receivable | 41 | €4,393 | €111,441 | +€107,048 | +2437.0% |
| Current investments | 50/53 | - | €1,150,331 | +€1.2m | |
| Cash at bank and in hand | 54/58 | €42,132 | €33,362 | -€8,770 | -20.8% |
| Deferred charges and accrued income | 490/1 | €19,437 | €19,585 | +€147 | +0.8% |
| Total equity and liabilities | 10/49 | €6,106,724 | €10,278,286 | +€4.2m | +68.3% |
| Equity | 10/15 | €3,806,351 | €7,084,896 | +€3.3m | +86.1% |
| Contributions | 10/11 | €20,000 | €2,640,201 | +€2.6m | +13101.0% |
| Revaluation surpluses | 12 | - | €1,336,295 | +€1.3m | |
| Reserves | 13 | €3,786,045 | €2,817,162 | -€968,883 | -25.6% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Tax-exempt reserves | 132 | €4,545 | €445,007 | +€440,462 | +9691.1% |
| Distributable reserves | 133 | €3,781,500 | €2,372,154 | -€1.4m | -37.3% |
| Profit (loss) carried forward | 14 | €306 | €291,238 | +€290,932 | +94942.3% |
| Provisions and deferred taxes | 16 | €1,455 | €970 | -€485 | -33.3% |
| Deferred taxes | 168 | €1,455 | €970 | -€485 | -33.3% |
| Amounts payable | 17/49 | €2,298,917 | €3,192,420 | +€893,503 | +38.9% |
| Amounts payable after more than one year | 17 | €2,098,607 | €1,953,973 | -€144,635 | -6.9% |
| Financial debts | 170/4 | €170,724 | €101,090 | -€69,635 | -40.8% |
| Other amounts payable | 178/9 | €1,927,883 | €1,852,883 | -€75,000 | -3.9% |
| Amounts payable within one year | 42/48 | €200,310 | €1,237,833 | +€1.0m | +518.0% |
| Current portion of amounts payable after more than one year | 42 | €67,859 | €69,635 | +€1,775 | +2.6% |
| Financial debts | 43 | - | €1,100,000 | +€1.1m | |
| Credit institutions | 430/8 | - | €1,100,000 | +€1.1m | |
| Trade debts | 44 | €26,477 | €6,453 | -€20,023 | -75.6% |
| Suppliers | 440/4 | €26,477 | €6,453 | -€20,023 | -75.6% |
| Taxes, remuneration and social security | 45 | €19,904 | €13,868 | -€6,035 | -30.3% |
| Taxes | 450/3 | €19,904 | €13,868 | -€6,035 | -30.3% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €86,070 | €47,877 | -€38,194 | -44.4% |
| Accrued charges and deferred income | 492/3 | - | €615 | +€615 | |
| Remuneration, social security and pensions | 62 | €50,898 | €0 | -€50,898 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €83,770 | €117,951 | +€34,181 | +40.8% |
| Other operating charges | 640/8 | €10,971 | €15,016 | +€4,045 | +36.9% |
| Gross operating margin | 9900 | €263,054 | €356,739 | +€93,685 | +35.6% |
| Operating profit (loss) | 9901 | €117,416 | €223,772 | +€106,356 | +90.6% |
| Financial income | 75/76B | €60,000 | €73,122 | +€13,122 | +21.9% |
| Recurring financial income | 75 | €60,000 | €73,122 | +€13,122 | +21.9% |
| Financial charges | 65/66B | €6,812 | €7,570 | +€758 | +11.1% |
| Recurring financial charges | 65 | €6,812 | €7,570 | +€758 | +11.1% |
| Profit (loss) for the period before taxes | 9903 | €170,604 | €289,324 | +€118,720 | +69.6% |
| Transfer from deferred taxes | 780 | €485 | €485 | = | 0.0% |
| Income taxes | 67/77 | €41,338 | €393 | -€40,945 | -99.1% |
| Profit (loss) for the period | 9904 | €129,751 | €289,417 | +€159,665 | +123.1% |
| Transfer from tax-exempt reserves | 789 | €1,515 | €1,515 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €131,266 | €290,932 | +€159,665 | +121.6% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.