MIARA: 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.
MIARA
Largest movements
- Receivables within one year -€106,012
down €106,012 (-97.2%), from €109,031 to €3,019
of which Other amounts receivable: -€98,512
- Profit (loss) carried forward -€262,466
down €262,466 (-98.8%), from €265,651 to €3,185
- Other debts +€176,520
up €176,520 (+305.7%), from €57,742 to €234,262
- Revaluation surpluses -€19,766
no longer reported in 2025 (was €19,766)
- Tax, wage and social debts -€4,608
down €4,608 (-37.2%), from €12,398 to €7,791
- Gross operating margin -€12,555
down €12,555 (-37.3%), from €33,633 to €21,078
- Taxes -€4,748
down €4,748 (-53.2%), from €8,918 to €4,170
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €451,690 | €341,716 | -€109,974 | -24.3% |
| Fixed assets | 21/28 | €339,036 | €338,443 | -€593 | -0.2% |
| Tangible fixed assets | 22/27 | €8,051 | €7,458 | -€593 | -7.4% |
| Land and buildings | 22 | €8,051 | €7,458 | -€593 | -7.4% |
| Financial fixed assets | 28 | €330,985 | €330,985 | = | 0.0% |
| Current assets | 29/58 | €112,654 | €3,272 | -€109,381 | -97.1% |
| Amounts receivable within one year | 40/41 | €109,031 | €3,019 | -€106,012 | -97.2% |
| Trade receivables | 40 | €7,500 | - | -€7,500 | |
| Other amounts receivable | 41 | €101,531 | €3,019 | -€98,512 | -97.0% |
| Cash at bank and in hand | 54/58 | €3,623 | €254 | -€3,370 | -93.0% |
| Total equity and liabilities | 10/49 | €451,690 | €341,716 | -€109,974 | -24.3% |
| Equity | 10/15 | €324,627 | €42,395 | -€282,231 | -86.9% |
| Contributions | 10/11 | €20,460 | €20,460 | = | 0.0% |
| Revaluation surpluses | 12 | €19,766 | - | -€19,766 | |
| Reserves | 13 | €18,750 | €18,750 | = | 0.0% |
| Tax-exempt reserves | 132 | €18,750 | €18,750 | = | 0.0% |
| Profit (loss) carried forward | 14 | €265,651 | €3,185 | -€262,466 | -98.8% |
| Provisions and deferred taxes | 16 | €50,000 | €50,000 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €50,000 | €50,000 | = | 0.0% |
| Other liabilities and charges | 164/5 | €50,000 | €50,000 | = | 0.0% |
| Amounts payable | 17/49 | €77,063 | €249,320 | +€172,257 | +223.5% |
| Amounts payable within one year | 42/48 | €77,063 | €249,320 | +€172,257 | +223.5% |
| Current portion of amounts payable after more than one year | 42 | €1,797 | €1,630 | -€167 | -9.3% |
| Trade debts | 44 | €5,126 | €5,638 | +€512 | +10.0% |
| Suppliers | 440/4 | €5,126 | €5,638 | +€512 | +10.0% |
| Taxes, remuneration and social security | 45 | €12,398 | €7,791 | -€4,608 | -37.2% |
| Taxes | 450/3 | €12,398 | €7,791 | -€4,608 | -37.2% |
| Other amounts payable | 47/48 | €57,742 | €234,262 | +€176,520 | +305.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €712 | €593 | -€119 | -16.7% |
| Other operating charges | 640/8 | €3,325 | €3,430 | +€105 | +3.2% |
| Gross operating margin | 9900 | €33,633 | €21,078 | -€12,555 | -37.3% |
| Operating profit (loss) | 9901 | €29,596 | €17,055 | -€12,541 | -42.4% |
| Financial charges | 65/66B | €442 | €117 | -€325 | -73.6% |
| Recurring financial charges | 65 | €442 | €117 | -€325 | -73.6% |
| Profit (loss) for the period before taxes | 9903 | €29,154 | €16,939 | -€12,216 | -41.9% |
| Income taxes | 67/77 | €8,918 | €4,170 | -€4,748 | -53.2% |
| Profit (loss) for the period | 9904 | €20,236 | €12,769 | -€7,468 | -36.9% |
| Profit (loss) for the period to be appropriated | 9905 | €20,236 | €12,769 | -€7,468 | -36.9% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.