@MIEN: 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.
@MIEN
Largest movements
- Receivables within one year +€10,062
up €10,062 (+67.2%), from €14,969 to €25,031
of which Trade receivables: +€6,622
- Cash +€5,972
up €5,972 (+29.9%), from €19,990 to €25,962
mainly Net result for the year (+€29,114) and Trade debts (+€8,695)
- Financial fixed assets +€5,000
up €5,000 (+1224.0%), from €409 to €5,409
- Tangible fixed assets +€4,083
up €4,083 (+1.9%), from €209,611 to €213,694
of which Furniture and vehicles: +€2,523
- Deferred charges and accrued income -€2,904
down €2,904 (-36.0%), from €8,075 to €5,171
- Profit (loss) carried forward +€29,114
up €29,114 (+147.5%), from €19,737 to €48,852
- Trade debts +€8,695
up €8,695 (+86.5%), from €10,048 to €18,744
- Other debts -€6,909
down €6,909 (-100.0%), from €6,909 to €0
- Accrued charges and deferred income -€4,543
down €4,543 (-83.5%), from €5,440 to €897
- Debts after one year -€4,123
down €4,123 (-2.3%), from €182,025 to €177,901
- Other operating charges -€22,379
down €22,379 (-96.1%), from €23,286 to €907
- Gross operating margin -€14,665
down €14,665 (-21.1%), from €69,494 to €54,829
- Write-downs -€8,264
down €8,264 (-100.0%), from €8,264 to €0
- Taxes +€3,332
up €3,332 (+42.9%), from €7,770 to €11,102
- Depreciation +€2,804
up €2,804 (+70.4%), from €3,984 to €6,788
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 | €253,053 | €275,267 | +€22,213 | +8.8% |
| Fixed assets | 21/28 | €210,019 | €219,102 | +€9,083 | +4.3% |
| Tangible fixed assets | 22/27 | €209,611 | €213,694 | +€4,083 | +1.9% |
| Land and buildings | 22 | €208,263 | €209,822 | +€1,560 | +0.7% |
| Furniture and vehicles | 24 | €1,348 | €3,871 | +€2,523 | +187.2% |
| Financial fixed assets | 28 | €409 | €5,409 | +€5,000 | +1224.0% |
| Current assets | 29/58 | €43,034 | €56,164 | +€13,130 | +30.5% |
| Amounts receivable within one year | 40/41 | €14,969 | €25,031 | +€10,062 | +67.2% |
| Trade receivables | 40 | €14,969 | €21,591 | +€6,622 | +44.2% |
| Other amounts receivable | 41 | - | €3,440 | +€3,440 | |
| Cash at bank and in hand | 54/58 | €19,990 | €25,962 | +€5,972 | +29.9% |
| Deferred charges and accrued income | 490/1 | €8,075 | €5,171 | -€2,904 | -36.0% |
| Total equity and liabilities | 10/49 | €253,053 | €275,267 | +€22,213 | +8.8% |
| Equity | 10/15 | €20,737 | €49,852 | +€29,114 | +140.4% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €19,737 | €48,852 | +€29,114 | +147.5% |
| Amounts payable | 17/49 | €232,316 | €225,415 | -€6,901 | -3.0% |
| Amounts payable after more than one year | 17 | €182,025 | €177,901 | -€4,123 | -2.3% |
| Financial debts | 170/4 | €182,025 | €177,901 | -€4,123 | -2.3% |
| Amounts payable within one year | 42/48 | €44,851 | €46,617 | +€1,766 | +3.9% |
| Current portion of amounts payable after more than one year | 42 | €11,293 | €11,674 | +€381 | +3.4% |
| Trade debts | 44 | €10,048 | €18,744 | +€8,695 | +86.5% |
| Suppliers | 440/4 | €10,048 | €18,744 | +€8,695 | +86.5% |
| Taxes, remuneration and social security | 45 | €16,601 | €16,199 | -€402 | -2.4% |
| Taxes | 450/3 | €16,601 | €15,202 | -€1,399 | -8.4% |
| Remuneration and social security | 454/9 | - | €997 | +€997 | |
| Other amounts payable | 47/48 | €6,909 | €0 | -€6,909 | -100.0% |
| Accrued charges and deferred income | 492/3 | €5,440 | €897 | -€4,543 | -83.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,984 | €6,788 | +€2,804 | +70.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €8,264 | €0 | -€8,264 | -100.0% |
| Other operating charges | 640/8 | €23,286 | €907 | -€22,379 | -96.1% |
| Gross operating margin | 9900 | €69,494 | €54,829 | -€14,665 | -21.1% |
| Operating profit (loss) | 9901 | €33,960 | €47,135 | +€13,175 | +38.8% |
| Financial income | 75/76B | €4 | €148 | +€145 | +3807.1% |
| Recurring financial income | 75 | €4 | €148 | +€145 | +3807.1% |
| Financial charges | 65/66B | €6,456 | €7,067 | +€610 | +9.5% |
| Recurring financial charges | 65 | €6,456 | €7,067 | +€610 | +9.5% |
| Profit (loss) for the period before taxes | 9903 | €27,508 | €40,216 | +€12,709 | +46.2% |
| Income taxes | 67/77 | €7,770 | €11,102 | +€3,332 | +42.9% |
| Profit (loss) for the period | 9904 | €19,737 | €29,114 | +€9,377 | +47.5% |
| Profit (loss) for the period to be appropriated | 9905 | €19,737 | €29,114 | +€9,377 | +47.5% |
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 29 September 2026 via checked.be.