MIENUUS: 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.
MIENUUS
Largest movements
- Tangible fixed assets -€10,206
down €10,206 (-37.4%), from €27,304 to €17,098
of which Plant, machinery and equipment: -€10,345
- Stocks and contracts +€9,981
up €9,981 (+16.0%), from €62,341 to €72,322
- Debts after one year -€18,467
down €18,467 (-47.6%), from €38,757 to €20,289
- Reserves +€10,592
up €10,592 (+7.5%), from €141,137 to €151,728
of which Distributable reserves: +€10,592
- Other debts +€6,293
new in 2025: €6,293
- Tax, wage and social debts -€5,107
down €5,107 (-27.5%), from €18,540 to €13,433
- Profit (loss) carried forward +€4,178
no longer reported in 2025 (was -€4,178)
- Gross operating margin +€17,626
up €17,626 (+116%), from €15,247 to €32,873
- Taxes +€5,470
up €5,470 (+1,315%), from €416 to €5,886
- Other operating charges +€653
up €653 (+80.7%), from €809 to €1,462
- Financial charges -€551
down €551 (-25.7%), from €2,148 to €1,596
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 | €268,515 | €270,559 | +€2,044 | +0.8% |
| Fixed assets | 21/28 | €27,304 | €17,098 | -€10,206 | -37.4% |
| Tangible fixed assets | 22/27 | €27,304 | €17,098 | -€10,206 | -37.4% |
| Plant, machinery and equipment | 23 | €23,518 | €13,173 | -€10,345 | -44.0% |
| Furniture and vehicles | 24 | €836 | €2,098 | +€1,262 | +151% |
| Other tangible fixed assets | 26 | €2,950 | €1,827 | -€1,122 | -38.1% |
| Current assets | 29/58 | €241,211 | €253,461 | +€12,250 | +5.1% |
| Amounts receivable after more than one year | 29 | €82,000 | €82,000 | = | 0.0% |
| Other amounts receivable | 291 | €82,000 | €82,000 | = | 0.0% |
| Stocks and contracts in progress | 3 | €62,341 | €72,322 | +€9,981 | +16.0% |
| Stocks | 30/36 | €62,341 | €72,322 | +€9,981 | +16.0% |
| Amounts receivable within one year | 40/41 | €95,172 | €97,217 | +€2,045 | +2.1% |
| Trade receivables | 40 | €34,316 | €34,525 | +€209 | +0.6% |
| Other amounts receivable | 41 | €60,856 | €62,692 | +€1,836 | +3.0% |
| Cash at bank and in hand | 54/58 | €1,211 | €12 | -€1,199 | -99.0% |
| Deferred charges and accrued income | 490/1 | €486 | €1,909 | +€1,423 | +293% |
| Total equity and liabilities | 10/49 | €268,515 | €270,559 | +€2,044 | +0.8% |
| Equity | 10/15 | €155,551 | €170,320 | +€14,769 | +9.5% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €141,137 | €151,728 | +€10,592 | +7.5% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Tax-exempt reserves | 132 | €7,437 | €7,437 | = | 0.0% |
| Distributable reserves | 133 | €131,841 | €142,432 | +€10,592 | +8.0% |
| Profit (loss) carried forward | 14 | -€4,178 | - | +€4,178 | |
| Provisions and deferred taxes | 16 | €15,000 | €15,000 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €15,000 | €15,000 | = | 0.0% |
| Pensions and similar obligations | 160 | €15,000 | €15,000 | = | 0.0% |
| Amounts payable | 17/49 | €97,964 | €85,239 | -€12,725 | -13.0% |
| Amounts payable after more than one year | 17 | €38,757 | €20,289 | -€18,467 | -47.6% |
| Financial debts | 170/4 | €38,757 | €20,289 | -€18,467 | -47.6% |
| Amounts payable within one year | 42/48 | €59,207 | €64,949 | +€5,742 | +9.7% |
| Current portion of amounts payable after more than one year | 42 | €11,341 | €12,475 | +€1,134 | +10.0% |
| Trade debts | 44 | €29,326 | €32,748 | +€3,422 | +11.7% |
| Suppliers | 440/4 | €29,326 | €32,748 | +€3,422 | +11.7% |
| Taxes, remuneration and social security | 45 | €18,540 | €13,433 | -€5,107 | -27.5% |
| Taxes | 450/3 | €18,540 | €13,433 | -€5,107 | -27.5% |
| Other amounts payable | 47/48 | - | €6,293 | +€6,293 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,137 | €12,448 | +€311 | +2.6% |
| Other operating charges | 640/8 | €809 | €1,462 | +€653 | +80.7% |
| Gross operating margin | 9900 | €15,247 | €32,873 | +€17,626 | +116% |
| Operating profit (loss) | 9901 | €2,301 | €18,963 | +€16,661 | +724% |
| Financial income | 75/76B | €3,268 | €3,289 | +€21 | +0.6% |
| Recurring financial income | 75 | €3,268 | €3,289 | +€21 | +0.6% |
| Financial charges | 65/66B | €2,148 | €1,596 | -€551 | -25.7% |
| Recurring financial charges | 65 | €2,148 | €1,596 | -€551 | -25.7% |
| Profit (loss) for the period before taxes | 9903 | €3,421 | €20,655 | +€17,234 | +504% |
| Income taxes | 67/77 | €416 | €5,886 | +€5,470 | +1,315% |
| Profit (loss) for the period | 9904 | €3,005 | €14,769 | +€11,764 | +391% |
| Profit (loss) for the period to be appropriated | 9905 | €3,005 | €14,769 | +€11,764 | +391% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 25 October 2026 via checked.be.