Mieke: 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.
Mieke
Largest movements
- Receivables within one year +€6,924
up €6,924 (+56.0%), from €12,354 to €19,278
of which Other amounts receivable: +€10,574
- Tangible fixed assets -€6,347
down €6,347 (-17.2%), from €36,816 to €30,469
of which Land and buildings: -€5,441
- Stocks and contracts -€1,684
down €1,684 (-27.9%), from €6,035 to €4,351
- Cash +€1,518
up €1,518 (+21.2%), from €7,147 to €8,665
mainly Net result for the year (+€13,795) and Depreciation (+€6,418)
- Reserves +€13,795
up €13,795 (+73.2%), from €18,844 to €32,639
of which Distributable reserves: +€13,795
- Current portion of long-term debt -€7,406
down €7,406 (-74.7%), from €9,908 to €2,502
- Trade debts -€4,264
down €4,264 (-71.1%), from €5,999 to €1,735
- Tax, wage and social debts +€3,632
up €3,632 (+253.7%), from €1,432 to €5,064
- Other debts -€2,961
down €2,961 (-100.0%), from €2,961 to €0
- Gross operating margin +€8,891
up €8,891 (+38.1%), from €23,334 to €32,225
- Taxes +€3,074
up €3,074 (+61.0%), from €5,039 to €8,112
- Depreciation -€572
down €572 (-8.2%), from €6,989 to €6,418
- Other operating charges -€386
down €386 (-11.1%), from €3,487 to €3,101
- Financial charges +€341
up €341 (+52.2%), from €652 to €993
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 | €62,422 | €62,762 | +€340 | +0.5% |
| Formation expenses | 20 | €71 | €0 | -€71 | -100.0% |
| Fixed assets | 21/28 | €36,816 | €30,469 | -€6,347 | -17.2% |
| Tangible fixed assets | 22/27 | €36,816 | €30,469 | -€6,347 | -17.2% |
| Land and buildings | 22 | €33,298 | €27,857 | -€5,441 | -16.3% |
| Plant, machinery and equipment | 23 | €3,479 | €2,612 | -€867 | -24.9% |
| Furniture and vehicles | 24 | €39 | €0 | -€39 | -100.0% |
| Current assets | 29/58 | €25,536 | €32,294 | +€6,758 | +26.5% |
| Stocks and contracts in progress | 3 | €6,035 | €4,351 | -€1,684 | -27.9% |
| Stocks | 30/36 | €6,035 | €4,351 | -€1,684 | -27.9% |
| Amounts receivable within one year | 40/41 | €12,354 | €19,278 | +€6,924 | +56.0% |
| Trade receivables | 40 | €12,354 | €8,704 | -€3,650 | -29.5% |
| Other amounts receivable | 41 | €0 | €10,574 | +€10,574 | |
| Cash at bank and in hand | 54/58 | €7,147 | €8,665 | +€1,518 | +21.2% |
| Total equity and liabilities | 10/49 | €62,422 | €62,762 | +€340 | +0.5% |
| Equity | 10/15 | €38,676 | €52,471 | +€13,795 | +35.7% |
| Contributions | 10/11 | €19,831 | €19,831 | = | 0.0% |
| Reserves | 13 | €18,844 | €32,639 | +€13,795 | +73.2% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €18,844 | €32,639 | +€13,795 | +73.2% |
| Amounts payable | 17/49 | €23,746 | €10,292 | -€13,454 | -56.7% |
| Amounts payable after more than one year | 17 | €2,502 | €0 | -€2,502 | -100.0% |
| Financial debts | 170/4 | €2,502 | €0 | -€2,502 | -100.0% |
| Amounts payable within one year | 42/48 | €20,300 | €9,302 | -€10,999 | -54.2% |
| Current portion of amounts payable after more than one year | 42 | €9,908 | €2,502 | -€7,406 | -74.7% |
| Trade debts | 44 | €5,999 | €1,735 | -€4,264 | -71.1% |
| Suppliers | 440/4 | €5,999 | €1,735 | -€4,264 | -71.1% |
| Taxes, remuneration and social security | 45 | €1,432 | €5,064 | +€3,632 | +253.7% |
| Taxes | 450/3 | €1,432 | €5,064 | +€3,632 | +253.7% |
| Other amounts payable | 47/48 | €2,961 | €0 | -€2,961 | -100.0% |
| Accrued charges and deferred income | 492/3 | €943 | €990 | +€47 | +5.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,989 | €6,418 | -€572 | -8.2% |
| Other operating charges | 640/8 | €3,487 | €3,101 | -€386 | -11.1% |
| Gross operating margin | 9900 | €23,334 | €32,225 | +€8,891 | +38.1% |
| Operating profit (loss) | 9901 | €12,858 | €22,707 | +€9,848 | +76.6% |
| Financial income | 75/76B | €0 | €193 | +€193 | |
| Recurring financial income | 75 | €0 | €193 | +€193 | |
| Financial charges | 65/66B | €652 | €993 | +€341 | +52.2% |
| Recurring financial charges | 65 | €652 | €993 | +€341 | +52.2% |
| Profit (loss) for the period before taxes | 9903 | €12,206 | €21,907 | +€9,701 | +79.5% |
| Income taxes | 67/77 | €5,039 | €8,112 | +€3,074 | +61.0% |
| Profit (loss) for the period | 9904 | €7,167 | €13,795 | +€6,628 | +92.5% |
| Profit (loss) for the period to be appropriated | 9905 | €7,167 | €13,795 | +€6,628 | +92.5% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 11 October 2026 via checked.be.