MIELAND: 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.
MIELAND
Largest movements
- Receivables within one year -€87,298
down €87,298 (-93.9%), from €92,976 to €5,678
of which Trade receivables: -€86,208
- Tangible fixed assets +€50,507
up €50,507 (+182%), from €27,788 to €78,295
of which Furniture and vehicles: +€42,844
- Cash +€9,630
new in 2026: €9,630
mainly Receivables within one year (+€87,298) and Net result for the year (+€34,792)
- Stocks and contracts +€5,000
up €5,000 (+1.5%), from €335,000 to €340,000
- Trade debts -€52,979
down €52,979 (-61.2%), from €86,598 to €33,619
- Other debts +€23,764
up €23,764 (+162%), from €14,663 to €38,427
- Debts after one year +€21,086
up €21,086 (+55.1%), from €38,284 to €59,370
- Short-term financial debts -€16,019
down €16,019 (-100%), from €16,019 to €0
- Current portion of long-term debt +€8,925
up €8,925 (+94.8%), from €9,412 to €18,338
- Gross operating margin +€16,662
up €16,662 (+21.7%), from €76,692 to €93,354
- Staff costs +€13,707
new in 2026: €13,707
- Depreciation +€9,802
up €9,802 (+88.1%), from €11,122 to €20,925
- Taxes -€3,316
down €3,316 (-15.1%), from €21,936 to €18,620
- Financial charges +€1,825
up €1,825 (+148%), from €1,232 to €3,057
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €455,764 | €434,102 | -€21,662 | -4.8% |
| Fixed assets | 21/28 | €27,788 | €78,295 | +€50,507 | +182% |
| Tangible fixed assets | 22/27 | €27,788 | €78,295 | +€50,507 | +182% |
| Land and buildings | 22 | €20,740 | €0 | -€20,740 | -100% |
| Plant, machinery and equipment | 23 | €262 | €8,431 | +€8,169 | +3,114% |
| Furniture and vehicles | 24 | €6,786 | €49,630 | +€42,844 | +631% |
| Other tangible fixed assets | 26 | - | €20,233 | +€20,233 | |
| Current assets | 29/58 | €427,976 | €355,807 | -€72,169 | -16.9% |
| Stocks and contracts in progress | 3 | €335,000 | €340,000 | +€5,000 | +1.5% |
| Stocks | 30/36 | €335,000 | €340,000 | +€5,000 | +1.5% |
| Amounts receivable within one year | 40/41 | €92,976 | €5,678 | -€87,298 | -93.9% |
| Trade receivables | 40 | €89,708 | €3,500 | -€86,208 | -96.1% |
| Other amounts receivable | 41 | €3,267 | €2,177 | -€1,090 | -33.4% |
| Cash at bank and in hand | 54/58 | - | €9,630 | +€9,630 | |
| Deferred charges and accrued income | 490/1 | - | €500 | +€500 | |
| Total equity and liabilities | 10/49 | €455,764 | €434,102 | -€21,662 | -4.8% |
| Equity | 10/15 | €273,852 | €274,780 | +€928 | +0.3% |
| Contributions | 10/11 | €69,983 | €69,983 | = | 0.0% |
| Reserves | 13 | €203,869 | €204,797 | +€928 | +0.5% |
| Distributable reserves | 133 | €203,869 | €204,797 | +€928 | +0.5% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €181,912 | €159,322 | -€22,590 | -12.4% |
| Amounts payable after more than one year | 17 | €38,284 | €59,370 | +€21,086 | +55.1% |
| Financial debts | 170/4 | €38,284 | €59,370 | +€21,086 | +55.1% |
| Amounts payable within one year | 42/48 | €143,628 | €99,952 | -€43,676 | -30.4% |
| Current portion of amounts payable after more than one year | 42 | €9,412 | €18,338 | +€8,925 | +94.8% |
| Financial debts | 43 | €16,019 | €0 | -€16,019 | -100% |
| Credit institutions | 430/8 | €16,019 | €0 | -€16,019 | -100% |
| Trade debts | 44 | €86,598 | €33,619 | -€52,979 | -61.2% |
| Suppliers | 440/4 | €86,598 | €33,619 | -€52,979 | -61.2% |
| Taxes, remuneration and social security | 45 | €16,936 | €9,568 | -€7,368 | -43.5% |
| Taxes | 450/3 | €16,936 | €8,620 | -€8,316 | -49.1% |
| Remuneration and social security | 454/9 | - | €948 | +€948 | |
| Other amounts payable | 47/48 | €14,663 | €38,427 | +€23,764 | +162% |
| Remuneration, social security and pensions | 62 | - | €13,707 | +€13,707 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,122 | €20,925 | +€9,802 | +88.1% |
| Other operating charges | 640/8 | €675 | €2,254 | +€1,579 | +234% |
| Gross operating margin | 9900 | €76,692 | €93,354 | +€16,662 | +21.7% |
| Operating profit (loss) | 9901 | €64,895 | €56,469 | -€8,426 | -13.0% |
| Financial income | 75/76B | €0 | €0 | -€0 | -100% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -100% |
| Financial charges | 65/66B | €1,232 | €3,057 | +€1,825 | +148% |
| Recurring financial charges | 65 | €1,232 | €3,057 | +€1,825 | +148% |
| Profit (loss) for the period before taxes | 9903 | €63,663 | €53,412 | -€10,252 | -16.1% |
| Income taxes | 67/77 | €21,936 | €18,620 | -€3,316 | -15.1% |
| Profit (loss) for the period | 9904 | €41,727 | €34,792 | -€6,936 | -16.6% |
| Profit (loss) for the period to be appropriated | 9905 | €41,727 | €34,792 | -€6,936 | -16.6% |
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 26 October 2026 via checked.be.