Mier Gallery Brussels: 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.
Mier Gallery Brussels
Largest movements
- Tangible fixed assets -€91,373
down €91,373 (-19.7%), from €463,109 to €371,736
of which Plant, machinery and equipment: -€49,576
- Receivables within one year +€43,003
up €43,003 (+12.4%), from €347,429 to €390,432
of which Trade receivables: +€28,203
- Financial fixed assets -€30,000
down €30,000 (-99.0%), from €30,300 to €300
- Cash -€22,035
down €22,035 (-29.4%), from €74,864 to €52,829
mainly Net result for the year (-€63,989) and Receivables within one year (-€43,003)
- Profit (loss) carried forward -€63,989
down €63,989 (-9.4%), from €682,845 to €618,856
- Trade debts -€20,014
down €20,014 (-10.8%), from €185,881 to €165,867
- Tax, wage and social debts -€16,402
down €16,402 (-40.0%), from €40,976 to €24,574
of which Remuneration and social security: -€16,516
- Gross operating margin -€237,284
down €237,284 (-56.6%), from €419,351 to €182,067
- Staff costs -€119,450
down €119,450 (-42.8%), from €278,995 to €159,545
- Other operating charges -€94,561
down €94,561 (-99.0%), from €95,559 to €998
- Financial income -€18,263
down €18,263 (-53.8%), from €33,971 to €15,708
- Depreciation -€9,956
down €9,956 (-9.8%), from €101,330 to €91,374
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 | €915,702 | €815,297 | -€100,405 | -11.0% |
| Fixed assets | 21/28 | €493,409 | €372,036 | -€121,373 | -24.6% |
| Tangible fixed assets | 22/27 | €463,109 | €371,736 | -€91,373 | -19.7% |
| Land and buildings | 22 | €52,894 | €46,175 | -€6,719 | -12.7% |
| Plant, machinery and equipment | 23 | €354,217 | €304,641 | -€49,576 | -14.0% |
| Furniture and vehicles | 24 | €44,340 | €13,036 | -€31,304 | -70.6% |
| Assets under construction and advance payments | 27 | €11,658 | €7,884 | -€3,774 | -32.4% |
| Financial fixed assets | 28 | €30,300 | €300 | -€30,000 | -99.0% |
| Current assets | 29/58 | €422,293 | €443,261 | +€20,968 | +5.0% |
| Amounts receivable within one year | 40/41 | €347,429 | €390,432 | +€43,003 | +12.4% |
| Trade receivables | 40 | €346,697 | €374,900 | +€28,203 | +8.1% |
| Other amounts receivable | 41 | €732 | €15,532 | +€14,800 | +2,022% |
| Cash at bank and in hand | 54/58 | €74,864 | €52,829 | -€22,035 | -29.4% |
| Total equity and liabilities | 10/49 | €915,702 | €815,297 | -€100,405 | -11.0% |
| Equity | 10/15 | €688,845 | €624,856 | -€63,989 | -9.3% |
| Contributions | 10/11 | €6,000 | €6,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €682,845 | €618,856 | -€63,989 | -9.4% |
| Amounts payable | 17/49 | €226,857 | €190,441 | -€36,416 | -16.1% |
| Amounts payable within one year | 42/48 | €226,857 | €190,441 | -€36,416 | -16.1% |
| Trade debts | 44 | €185,881 | €165,867 | -€20,014 | -10.8% |
| Suppliers | 440/4 | €185,881 | €165,867 | -€20,014 | -10.8% |
| Taxes, remuneration and social security | 45 | €40,976 | €24,574 | -€16,402 | -40.0% |
| Taxes | 450/3 | €6,421 | €6,535 | +€114 | +1.8% |
| Remuneration and social security | 454/9 | €34,555 | €18,039 | -€16,516 | -47.8% |
| Remuneration, social security and pensions | 62 | €278,995 | €159,545 | -€119,450 | -42.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €101,330 | €91,374 | -€9,956 | -9.8% |
| Other operating charges | 640/8 | €95,559 | €998 | -€94,561 | -99.0% |
| Gross operating margin | 9900 | €419,351 | €182,067 | -€237,284 | -56.6% |
| Operating profit (loss) | 9901 | -€56,533 | -€69,850 | -€13,317 | -23.6% |
| Financial income | 75/76B | €33,971 | €15,708 | -€18,263 | -53.8% |
| Recurring financial income | 75 | €33,971 | €15,708 | -€18,263 | -53.8% |
| Financial charges | 65/66B | €9,037 | €9,847 | +€810 | +9.0% |
| Recurring financial charges | 65 | €9,037 | €9,847 | +€810 | +9.0% |
| Profit (loss) for the period before taxes | 9903 | -€31,599 | -€63,989 | -€32,390 | -103% |
| Income taxes | 67/77 | -€38 | - | +€38 | |
| Profit (loss) for the period | 9904 | -€31,561 | -€63,989 | -€32,428 | -103% |
| Profit (loss) for the period to be appropriated | 9905 | -€31,561 | -€63,989 | -€32,428 | -103% |
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 27 October 2026 via checked.be.