MIERO: 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.
MIERO
Largest movements
- Tangible fixed assets +€231,655
up €231,655 (+25.4%), from €910,515 to €1.1m
of which Land and buildings: +€233,255
- Current investments -€80,210
down €80,210 (-100.0%), from €80,243 to €33
- Cash -€15,133
down €15,133 (-78.7%), from €19,228 to €4,094
mainly Investment in fixed assets (net) (-€259,610) and Accrued charges and deferred income (-€6,284)
- Other debts +€120,921
up €120,921 (+587.5%), from €20,584 to €141,505
- Reserves +€12,315
up €12,315 (+11.4%), from €108,412 to €120,727
of which Distributable reserves: +€12,315
- Gross operating margin +€12,449
up €12,449 (+19.1%), from €65,346 to €77,796
- Other operating charges +€11,150
up €11,150 (+363.1%), from €3,071 to €14,220
- Depreciation +€3,337
up €3,337 (+13.6%), from €24,619 to €27,955
- Financial charges +€1,142
up €1,142 (+7.0%), from €16,425 to €17,568
- Taxes -€835
down €835 (-12.3%), from €6,770 to €5,935
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,014,268 | €1,147,665 | +€133,396 | +13.2% |
| Fixed assets | 21/28 | €910,515 | €1,142,170 | +€231,655 | +25.4% |
| Tangible fixed assets | 22/27 | €910,515 | €1,142,170 | +€231,655 | +25.4% |
| Land and buildings | 22 | €903,313 | €1,136,568 | +€233,255 | +25.8% |
| Furniture and vehicles | 24 | €7,202 | €5,602 | -€1,600 | -22.2% |
| Current assets | 29/58 | €103,753 | €5,495 | -€98,258 | -94.7% |
| Amounts receivable within one year | 40/41 | €0 | - | = | |
| Other amounts receivable | 41 | €0 | - | = | |
| Current investments | 50/53 | €80,243 | €33 | -€80,210 | -100.0% |
| Cash at bank and in hand | 54/58 | €19,228 | €4,094 | -€15,133 | -78.7% |
| Deferred charges and accrued income | 490/1 | €4,283 | €1,367 | -€2,915 | -68.1% |
| Total equity and liabilities | 10/49 | €1,014,268 | €1,147,665 | +€133,396 | +13.2% |
| Equity | 10/15 | €171,147 | €183,462 | +€12,315 | +7.2% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €108,412 | €120,727 | +€12,315 | +11.4% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Reserves not available under the articles | 1311 | €6,200 | €6,200 | = | 0.0% |
| Distributable reserves | 133 | €102,212 | €114,527 | +€12,315 | +12.0% |
| Profit (loss) carried forward | 14 | €735 | €735 | = | 0.0% |
| Amounts payable | 17/49 | €843,121 | €964,202 | +€121,082 | +14.4% |
| Amounts payable after more than one year | 17 | €799,561 | €799,561 | = | 0.0% |
| Financial debts | 170/4 | €798,061 | €798,061 | = | 0.0% |
| Other amounts payable | 178/9 | €1,500 | €1,500 | = | 0.0% |
| Amounts payable within one year | 42/48 | €27,275 | €154,641 | +€127,366 | +467.0% |
| Trade debts | 44 | - | €7,260 | +€7,260 | |
| Suppliers | 440/4 | - | €7,260 | +€7,260 | |
| Taxes, remuneration and social security | 45 | €6,691 | €5,876 | -€815 | -12.2% |
| Taxes | 450/3 | €6,691 | €5,876 | -€815 | -12.2% |
| Other amounts payable | 47/48 | €20,584 | €141,505 | +€120,921 | +587.5% |
| Accrued charges and deferred income | 492/3 | €16,284 | €10,000 | -€6,284 | -38.6% |
| Remuneration, social security and pensions | 62 | €686 | €0 | -€686 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €24,619 | €27,955 | +€3,337 | +13.6% |
| Other operating charges | 640/8 | €3,071 | €14,220 | +€11,150 | +363.1% |
| Gross operating margin | 9900 | €65,346 | €77,796 | +€12,449 | +19.1% |
| Operating profit (loss) | 9901 | €36,971 | €35,620 | -€1,351 | -3.7% |
| Financial income | 75/76B | €264 | €198 | -€66 | -25.1% |
| Recurring financial income | 75 | €264 | €198 | -€66 | -25.1% |
| Financial charges | 65/66B | €16,425 | €17,568 | +€1,142 | +7.0% |
| Recurring financial charges | 65 | €16,425 | €17,568 | +€1,142 | +7.0% |
| Profit (loss) for the period before taxes | 9903 | €20,810 | €18,250 | -€2,560 | -12.3% |
| Income taxes | 67/77 | €6,770 | €5,935 | -€835 | -12.3% |
| Profit (loss) for the period | 9904 | €14,040 | €12,315 | -€1,725 | -12.3% |
| Profit (loss) for the period to be appropriated | 9905 | €14,040 | €12,315 | -€1,725 | -12.3% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 September 2026 via checked.be.