MIELA: 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.
MIELA
Largest movements
- Tangible fixed assets +€17,244
new in 2025: €17,244
- Stocks and contracts +€6,376
new in 2025: €6,376
- Cash +€1,777
up €1,777 (+30.9%), from €5,741 to €7,518
mainly Trade debts (+€13,983) and Net result for the year (+€12,423)
- Trade debts +€13,983
up €13,983 (+1,622%), from €862 to €14,845
- Reserves +€11,590
up €11,590 (+79.2%), from €14,630 to €26,220
- Gross operating margin -€3,861
down €3,861 (-17.1%), from €22,596 to €18,735
- Depreciation -€2,787
down €2,787 (-93.2%), from €2,990 to €203
- Staff costs +€2,374
new in 2025: €2,374
- Taxes -€1,141
down €1,141 (-26.3%), from €4,337 to €3,196
- Other operating charges +€649
new in 2025: €649
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.
Derived cash bridge
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 | €27,869 | €53,248 | +€25,379 | +91.1% |
| Fixed assets | 21/28 | - | €17,244 | +€17,244 | |
| Tangible fixed assets | 22/27 | - | €17,244 | +€17,244 | |
| Other tangible fixed assets | 26 | - | €17,244 | +€17,244 | |
| Current assets | 29/58 | €27,869 | €36,004 | +€8,135 | +29.2% |
| Stocks and contracts in progress | 3 | - | €6,376 | +€6,376 | |
| Stocks | 30/36 | - | €6,376 | +€6,376 | |
| Amounts receivable within one year | 40/41 | €22,127 | €22,110 | -€17 | -0.1% |
| Trade receivables | 40 | €12,923 | €14,751 | +€1,828 | +14.1% |
| Other amounts receivable | 41 | €9,205 | €7,360 | -€1,845 | -20.0% |
| Cash at bank and in hand | 54/58 | €5,741 | €7,518 | +€1,777 | +30.9% |
| Total equity and liabilities | 10/49 | €27,869 | €53,248 | +€25,379 | +91.1% |
| Equity | 10/15 | €19,630 | €31,220 | +€11,590 | +59.0% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €14,630 | €26,220 | +€11,590 | +79.2% |
| Distributable reserves | 133 | €14,630 | €26,220 | +€11,590 | +79.2% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €8,239 | €22,028 | +€13,789 | +167% |
| Amounts payable within one year | 42/48 | €8,239 | €22,028 | +€13,789 | +167% |
| Trade debts | 44 | €862 | €14,845 | +€13,983 | +1,622% |
| Suppliers | 440/4 | €862 | €14,845 | +€13,983 | +1,622% |
| Taxes, remuneration and social security | 45 | €6,544 | €6,350 | -€194 | -3.0% |
| Taxes | 450/3 | €6,544 | €5,668 | -€876 | -13.4% |
| Remuneration and social security | 454/9 | - | €681 | +€681 | |
| Other amounts payable | 47/48 | €833 | €833 | = | 0.0% |
| Remuneration, social security and pensions | 62 | - | €2,374 | +€2,374 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,990 | €203 | -€2,787 | -93.2% |
| Other operating charges | 640/8 | - | €649 | +€649 | |
| Gross operating margin | 9900 | €22,596 | €18,735 | -€3,861 | -17.1% |
| Operating profit (loss) | 9901 | €19,606 | €15,508 | -€4,098 | -20.9% |
| Financial income | 75/76B | €279 | €388 | +€109 | +39.1% |
| Recurring financial income | 75 | €279 | €388 | +€109 | +39.1% |
| Financial charges | 65/66B | €84 | €277 | +€193 | +228% |
| Recurring financial charges | 65 | €84 | €277 | +€193 | +228% |
| Profit (loss) for the period before taxes | 9903 | €19,801 | €15,619 | -€4,181 | -21.1% |
| Income taxes | 67/77 | €4,337 | €3,196 | -€1,141 | -26.3% |
| Profit (loss) for the period | 9904 | €15,463 | €12,423 | -€3,040 | -19.7% |
| Profit (loss) for the period to be appropriated | 9905 | €15,463 | €12,423 | -€3,040 | -19.7% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.