Mielalex: 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.
Mielalex
Largest movements
- Cash -€60,125
down €60,125 (-64.9%), from €92,592 to €32,467
mainly Investment in fixed assets (net) (-€52,500) and Other debts (-€32,911)
- Financial fixed assets +€52,500
new in 2025: €52,500
- Receivables within one year -€5,935
down €5,935 (-39.5%), from €15,010 to €9,075
of which Other amounts receivable: -€6,595
- Tangible fixed assets -€2,145
down €2,145 (-43.2%), from €4,968 to €2,823
- Other debts -€32,911
down €32,911 (-37.1%), from €88,802 to €55,891
- Profit (loss) carried forward +€18,369
up €18,369 (+3312.8%), from €555 to €18,924
- Tax, wage and social debts -€11,271
down €11,271 (-52.3%), from €21,569 to €10,298
of which Taxes: -€12,271
- Trade debts +€10,113
up €10,113 (+1570.9%), from €644 to €10,757
- Gross operating margin +€8,388
up €8,388 (+40.5%), from €20,693 to €29,081
- Taxes +€4,235
up €4,235 (+124.4%), from €3,405 to €7,640
- Depreciation -€2,145
down €2,145 (-50.0%), from €4,291 to €2,145
- Other operating charges +€388
up €388 (+100.3%), from €387 to €776
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 | €112,570 | €96,869 | -€15,700 | -13.9% |
| Fixed assets | 21/28 | €4,968 | €55,323 | +€50,355 | +1013.5% |
| Tangible fixed assets | 22/27 | €4,968 | €2,823 | -€2,145 | -43.2% |
| Plant, machinery and equipment | 23 | €4,968 | €2,823 | -€2,145 | -43.2% |
| Financial fixed assets | 28 | - | €52,500 | +€52,500 | |
| Current assets | 29/58 | €107,602 | €41,547 | -€66,055 | -61.4% |
| Amounts receivable within one year | 40/41 | €15,010 | €9,075 | -€5,935 | -39.5% |
| Trade receivables | 40 | €8,415 | €9,075 | +€660 | +7.8% |
| Other amounts receivable | 41 | €6,595 | €0 | -€6,595 | -100.0% |
| Cash at bank and in hand | 54/58 | €92,592 | €32,467 | -€60,125 | -64.9% |
| Deferred charges and accrued income | 490/1 | €0 | €5 | +€5 | |
| Total equity and liabilities | 10/49 | €112,570 | €96,869 | -€15,700 | -13.9% |
| Equity | 10/15 | €1,555 | €19,924 | +€18,369 | +1181.7% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €0 | - | = | |
| Distributable reserves | 133 | €0 | - | = | |
| Profit (loss) carried forward | 14 | €555 | €18,924 | +€18,369 | +3312.8% |
| Amounts payable | 17/49 | €111,015 | €76,946 | -€34,070 | -30.7% |
| Amounts payable within one year | 42/48 | €111,015 | €76,946 | -€34,070 | -30.7% |
| Trade debts | 44 | €644 | €10,757 | +€10,113 | +1570.9% |
| Suppliers | 440/4 | €644 | €10,757 | +€10,113 | +1570.9% |
| Taxes, remuneration and social security | 45 | €21,569 | €10,298 | -€11,271 | -52.3% |
| Taxes | 450/3 | €21,569 | €9,298 | -€12,271 | -56.9% |
| Remuneration and social security | 454/9 | - | €1,000 | +€1,000 | |
| Other amounts payable | 47/48 | €88,802 | €55,891 | -€32,911 | -37.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,291 | €2,145 | -€2,145 | -50.0% |
| Other operating charges | 640/8 | €387 | €776 | +€388 | +100.3% |
| Gross operating margin | 9900 | €20,693 | €29,081 | +€8,388 | +40.5% |
| Operating profit (loss) | 9901 | €16,014 | €26,160 | +€10,145 | +63.3% |
| Financial charges | 65/66B | €132 | €150 | +€18 | +13.3% |
| Recurring financial charges | 65 | €132 | €150 | +€18 | +13.3% |
| Profit (loss) for the period before taxes | 9903 | €15,882 | €26,010 | +€10,127 | +63.8% |
| Income taxes | 67/77 | €3,405 | €7,640 | +€4,235 | +124.4% |
| Profit (loss) for the period | 9904 | €12,477 | €18,369 | +€5,892 | +47.2% |
| Profit (loss) for the period to be appropriated | 9905 | €12,477 | €18,369 | +€5,892 | +47.2% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.