MIELTON: 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.
MIELTON
Largest movements
- Receivables within one year +€21,305
up €21,305 (+797%), from €2,674 to €23,979
of which Trade receivables: +€18,399
- Stocks and contracts -€6,883
down €6,883 (-38.9%), from €17,690 to €10,807
of which Contracts in progress: -€3,963
- Tangible fixed assets +€3,257
up €3,257 (+43.8%), from €7,428 to €10,685
of which Plant, machinery and equipment: +€3,757
- Cash +€2,002
up €2,002 (+6.4%), from €31,451 to €33,453
mainly Net result for the year (+€16,201) and Stocks and contracts (+€6,883)
- Reserves +€16,201
up €16,201 (+47.0%), from €34,500 to €50,701
- Other debts +€2,360
up €2,360 (+10.3%), from €22,891 to €25,251
- Gross operating margin -€24,445
down €24,445 (-48.2%), from €50,692 to €26,246
- Taxes -€6,350
down €6,350 (-50.2%), from €12,641 to €6,290
- Financial charges +€1,335
up €1,335 (+228%), from €585 to €1,920
- Depreciation -€898
down €898 (-37.9%), from €2,369 to €1,470
- Other operating charges -€595
down €595 (-53.0%), from €1,123 to €528
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 | €59,674 | €79,305 | +€19,631 | +32.9% |
| Fixed assets | 21/28 | €7,858 | €11,065 | +€3,207 | +40.8% |
| Intangible fixed assets | 21 | €430 | €380 | -€50 | -11.6% |
| Tangible fixed assets | 22/27 | €7,428 | €10,685 | +€3,257 | +43.8% |
| Plant, machinery and equipment | 23 | €5,626 | €9,383 | +€3,757 | +66.8% |
| Furniture and vehicles | 24 | €1,802 | €1,302 | -€500 | -27.7% |
| Current assets | 29/58 | €51,816 | €68,240 | +€16,424 | +31.7% |
| Stocks and contracts in progress | 3 | €17,690 | €10,807 | -€6,883 | -38.9% |
| Stocks | 30/36 | €13,630 | €10,710 | -€2,920 | -21.4% |
| Contracts in progress | 37 | €4,060 | €97 | -€3,963 | -97.6% |
| Amounts receivable within one year | 40/41 | €2,674 | €23,979 | +€21,305 | +797% |
| Trade receivables | 40 | €1,781 | €20,180 | +€18,399 | +1,033% |
| Other amounts receivable | 41 | €893 | €3,799 | +€2,907 | +326% |
| Cash at bank and in hand | 54/58 | €31,451 | €33,453 | +€2,002 | +6.4% |
| Total equity and liabilities | 10/49 | €59,674 | €79,305 | +€19,631 | +32.9% |
| Equity | 10/15 | €36,500 | €52,701 | +€16,201 | +44.4% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €34,500 | €50,701 | +€16,201 | +47.0% |
| Distributable reserves | 133 | €34,500 | €50,701 | +€16,201 | +47.0% |
| Amounts payable | 17/49 | €23,174 | €26,604 | +€3,429 | +14.8% |
| Amounts payable within one year | 42/48 | €23,174 | €26,604 | +€3,429 | +14.8% |
| Trade debts | 44 | €138 | €564 | +€426 | +309% |
| Suppliers | 440/4 | €138 | €564 | +€426 | +309% |
| Taxes, remuneration and social security | 45 | €146 | €789 | +€643 | +441% |
| Taxes | 450/3 | €146 | €789 | +€643 | +441% |
| Other amounts payable | 47/48 | €22,891 | €25,251 | +€2,360 | +10.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,369 | €1,470 | -€898 | -37.9% |
| Other operating charges | 640/8 | €1,123 | €528 | -€595 | -53.0% |
| Gross operating margin | 9900 | €50,692 | €26,246 | -€24,445 | -48.2% |
| Operating profit (loss) | 9901 | €47,200 | €24,248 | -€22,952 | -48.6% |
| Financial income | 75/76B | €525 | €164 | -€362 | -68.8% |
| Recurring financial income | 75 | €525 | €164 | -€362 | -68.8% |
| Financial charges | 65/66B | €585 | €1,920 | +€1,335 | +228% |
| Recurring financial charges | 65 | €585 | €1,920 | +€1,335 | +228% |
| Profit (loss) for the period before taxes | 9903 | €47,140 | €22,492 | -€24,648 | -52.3% |
| Income taxes | 67/77 | €12,641 | €6,290 | -€6,350 | -50.2% |
| Profit (loss) for the period | 9904 | €34,500 | €16,201 | -€18,298 | -53.0% |
| Profit (loss) for the period to be appropriated | 9905 | €34,500 | €16,201 | -€18,298 | -53.0% |
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 26 October 2026 via checked.be.