MIEK Management: 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.
MIEK Management
Largest movements
- Deferred charges and accrued income +€15,746
up €15,746 (+420.0%), from €3,749 to €19,495
- Cash -€8,636
down €8,636 (-52.5%), from €16,449 to €7,812
mainly Deferred charges and accrued income (-€15,746) and Trade debts (-€4,526)
- Receivables within one year -€4,858
down €4,858 (-33.3%), from €14,581 to €9,723
of which Trade receivables: -€6,540
- Intangible fixed assets -€2,676
down €2,676 (-38.1%), from €7,027 to €4,351
- Tangible fixed assets -€1,772
down €1,772 (-25.2%), from €7,027 to €5,255
of which Furniture and vehicles: -€950
- Trade debts -€4,526
down €4,526 (-74.6%), from €6,064 to €1,538
- Profit (loss) carried forward +€4,345
up €4,345 (+42.6%), from -€10,200 to -€5,856
- Other debts -€2,250
down €2,250 (-67.9%), from €3,316 to €1,066
- Tax, wage and social debts +€1,861
up €1,861 (+20.6%), from €9,034 to €10,895
- Financial charges +€3,216
up €3,216 (+68.6%), from €4,685 to €7,901
of which Financial charges: +€4,391
- Gross operating margin -€2,888
down €2,888 (-11.3%), from €25,500 to €22,612
- Taxes -€1,635
down €1,635 (-31.4%), from €5,200 to €3,565
- Other operating charges -€1,401
down €1,401 (-37.2%), from €3,763 to €2,363
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €50,075 | €49,506 | -€569 | -1.1% |
| Fixed assets | 21/28 | €14,054 | €9,606 | -€4,448 | -31.7% |
| Intangible fixed assets | 21 | €7,027 | €4,351 | -€2,676 | -38.1% |
| Tangible fixed assets | 22/27 | €7,027 | €5,255 | -€1,772 | -25.2% |
| Land and buildings | 22 | €3,552 | €3,229 | -€323 | -9.1% |
| Furniture and vehicles | 24 | €1,770 | €820 | -€950 | -53.7% |
| Other tangible fixed assets | 26 | €1,705 | €1,206 | -€500 | -29.3% |
| Current assets | 29/58 | €36,021 | €39,900 | +€3,879 | +10.8% |
| Stocks and contracts in progress | 3 | €1,243 | €2,870 | +€1,627 | +130.9% |
| Stocks | 30/36 | €1,243 | €2,870 | +€1,627 | +130.9% |
| Amounts receivable within one year | 40/41 | €14,581 | €9,723 | -€4,858 | -33.3% |
| Trade receivables | 40 | €12,711 | €6,170 | -€6,540 | -51.5% |
| Other amounts receivable | 41 | €1,870 | €3,553 | +€1,682 | +90.0% |
| Cash at bank and in hand | 54/58 | €16,449 | €7,812 | -€8,636 | -52.5% |
| Deferred charges and accrued income | 490/1 | €3,749 | €19,495 | +€15,746 | +420.0% |
| Total equity and liabilities | 10/49 | €50,075 | €49,506 | -€569 | -1.1% |
| Equity | 10/15 | €29,881 | €34,225 | +€4,345 | +14.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €21,481 | €21,481 | = | 0.0% |
| Tax-exempt reserves | 132 | €9,894 | €9,894 | = | 0.0% |
| Distributable reserves | 133 | €11,587 | €11,587 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€10,200 | -€5,856 | +€4,345 | +42.6% |
| Amounts payable | 17/49 | €20,194 | €15,281 | -€4,914 | -24.3% |
| Amounts payable within one year | 42/48 | €20,194 | €15,281 | -€4,914 | -24.3% |
| Financial debts | 43 | €1,780 | €1,781 | +€1 | +0.1% |
| Credit institutions | 430/8 | €1,780 | €1,781 | +€1 | +0.1% |
| Trade debts | 44 | €6,064 | €1,538 | -€4,526 | -74.6% |
| Suppliers | 440/4 | €6,064 | €1,538 | -€4,526 | -74.6% |
| Taxes, remuneration and social security | 45 | €9,034 | €10,895 | +€1,861 | +20.6% |
| Taxes | 450/3 | €9,034 | €10,895 | +€1,861 | +20.6% |
| Other amounts payable | 47/48 | €3,316 | €1,066 | -€2,250 | -67.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,386 | €4,448 | +€62 | +1.4% |
| Other operating charges | 640/8 | €3,763 | €2,363 | -€1,401 | -37.2% |
| Non-recurring operating charges | 66A | - | €0 | = | |
| Gross operating margin | 9900 | €25,500 | €22,612 | -€2,888 | -11.3% |
| Operating profit (loss) | 9901 | €17,351 | €15,802 | -€1,549 | -8.9% |
| Financial income | 75/76B | €24 | €9 | -€15 | -62.0% |
| Recurring financial income | 75 | €24 | €9 | -€15 | -62.0% |
| Financial charges | 65/66B | €4,685 | €7,901 | +€3,216 | +68.6% |
| Recurring financial charges | 65 | €3,510 | €7,901 | +€4,391 | +125.1% |
| Non-recurring financial charges | 66B | €1,176 | - | -€1,176 | |
| Profit (loss) for the period before taxes | 9903 | €12,690 | €7,910 | -€4,780 | -37.7% |
| Income taxes | 67/77 | €5,200 | €3,565 | -€1,635 | -31.4% |
| Profit (loss) for the period | 9904 | €7,490 | €4,345 | -€3,145 | -42.0% |
| Profit (loss) for the period to be appropriated | 9905 | €7,490 | €4,345 | -€3,145 | -42.0% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 11 October 2026 via checked.be.