MIEL & OLIVE: 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.
MIEL & OLIVE
Largest movements
- Current assets -€7,303
down €7,303 (-50.5%), from €14,467 to €7,164
of which Cash: -€7,220
- Profit (loss) carried forward -€45,648
down €45,648 (-149%), from -€30,680 to -€76,327
- Debts within one year +€38,344
up €38,344 (+95.1%), from €40,312 to €78,657
of which Other debts: +€43,414
- Gross operating margin -€8,493
down €8,493 (-266%), from -€3,192 to -€11,685
- Depreciation -€2,815
no longer reported in 2021 (was €2,815)
- Other operating charges +€1,730
new in 2021: €1,730
- Staff costs +€1,190
new in 2021: €1,190
- Financial charges +€185
new in 2021: €185
From the 2019 result to the 2021 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
A cash bridge needs two consecutive financial years: one year's result and depreciation cannot explain a change over several years. Pick two years that follow each other.
Every line side by side
| Line | Code | 2019 | 2021 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €15,833 | €8,529 | -€7,303 | -46.1% |
| Fixed assets | 21/28 | €1,365 | €1,365 | = | 0.0% |
| Tangible fixed assets | 22/27 | €1,215 | €1,215 | = | 0.0% |
| Plant, machinery and equipment | 23 | - | €754 | +€754 | |
| Other tangible fixed assets | 26 | - | €461 | +€461 | |
| Financial fixed assets | 28 | €150 | €150 | = | 0.0% |
| Current assets | 29/58 | €14,467 | €7,164 | -€7,303 | -50.5% |
| Stocks and contracts in progress | 3 | €2,090 | €2,090 | = | 0.0% |
| Stocks | 30/36 | - | €2,090 | +€2,090 | |
| Amounts receivable within one year | 40/41 | €456 | €1,734 | +€1,278 | +280% |
| Trade receivables | 40 | - | €456 | +€456 | |
| Other amounts receivable | 41 | - | €1,278 | +€1,278 | |
| Cash at bank and in hand | 54/58 | €9,533 | €2,313 | -€7,220 | -75.7% |
| Deferred charges and accrued income | 490/1 | - | €1,027 | +€1,027 | |
| Total equity and liabilities | 10/49 | €15,833 | €8,529 | -€7,303 | -46.1% |
| Equity | 10/15 | -€24,480 | -€70,127 | -€45,648 | -186% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Contributions outside capital | 11 | - | €6,200 | +€6,200 | |
| Other | 1109/19 | - | €6,200 | +€6,200 | |
| Profit (loss) carried forward | 14 | -€30,680 | -€76,327 | -€45,648 | -149% |
| Amounts payable | 17/49 | €40,312 | €78,657 | +€38,344 | +95.1% |
| Amounts payable within one year | 42/48 | €40,312 | €78,657 | +€38,344 | +95.1% |
| Trade debts | 44 | €11,295 | €31,075 | +€19,780 | +175% |
| Suppliers | 440/4 | - | €31,075 | +€31,075 | |
| Taxes, remuneration and social security | 45 | - | €4,167 | +€4,167 | |
| Taxes | 450/3 | - | €2,334 | +€2,334 | |
| Remuneration and social security | 454/9 | - | €1,833 | +€1,833 | |
| Other amounts payable | 47/48 | - | €43,414 | +€43,414 | |
| Remuneration, social security and pensions | 62 | - | €1,190 | +€1,190 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,815 | - | -€2,815 | |
| Other operating charges | 640/8 | - | €1,730 | +€1,730 | |
| Gross operating margin | 9900 | -€3,192 | -€11,685 | -€8,493 | -266% |
| Operating profit (loss) | 9901 | -€10,381 | -€14,605 | -€4,224 | -40.7% |
| Financial charges | 65/66B | - | €185 | +€185 | |
| Recurring financial charges | 65 | €124 | €185 | +€60 | +48.4% |
| Profit (loss) for the period before taxes | 9903 | -€10,505 | -€14,789 | -€4,284 | -40.8% |
| Profit (loss) for the period | 9904 | -€10,505 | -€14,789 | -€4,284 | -40.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€10,505 | -€14,789 | -€4,284 | -40.8% |
Source: filed annual accounts (NBB), financial years ended 31 December 2019 and 31 December 2021. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 31 October 2026 via checked.be.