MIERO MANAGEMENT: 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.
MIERO MANAGEMENT
Largest movements
- Cash +€16,111
up €16,111 (+36.0%), from €44,788 to €60,899
mainly Net result for the year (+€15,895) and Trade debts (+€3,365)
- Receivables within one year -€1,437
down €1,437 (-13.3%), from €10,810 to €9,373
- Reserves +€15,895
up €15,895 (+44.8%), from €35,515 to €51,411
- Tax, wage and social debts -€4,855
down €4,855 (-30.5%), from €15,922 to €11,067
- Trade debts +€3,365
up €3,365 (+754.7%), from €446 to €3,810
- Gross operating margin -€23,003
down €23,003 (-51.2%), from €44,904 to €21,901
- Taxes -€4,180
down €4,180 (-43.9%), from €9,514 to €5,333
- Depreciation +€570
up €570 (+232.4%), from €245 to €815
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 | €62,572 | €76,369 | +€13,798 | +22.1% |
| Formation expenses | 20 | €782 | €584 | -€198 | -25.4% |
| Fixed assets | 21/28 | €6,131 | €5,514 | -€617 | -10.1% |
| Tangible fixed assets | 22/27 | €6,131 | €5,514 | -€617 | -10.1% |
| Land and buildings | 22 | €6,131 | €5,514 | -€617 | -10.1% |
| Current assets | 29/58 | €55,659 | €70,272 | +€14,613 | +26.3% |
| Amounts receivable within one year | 40/41 | €10,810 | €9,373 | -€1,437 | -13.3% |
| Other amounts receivable | 41 | €10,810 | €9,373 | -€1,437 | -13.3% |
| Cash at bank and in hand | 54/58 | €44,788 | €60,899 | +€16,111 | +36.0% |
| Deferred charges and accrued income | 490/1 | €61 | €0 | -€61 | -100.0% |
| Total equity and liabilities | 10/49 | €62,572 | €76,369 | +€13,798 | +22.1% |
| Equity | 10/15 | €45,515 | €61,411 | +€15,895 | +34.9% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Contributions outside capital | 11 | €10,000 | - | -€10,000 | |
| Share premium | 1100/10 | €10,000 | - | -€10,000 | |
| Reserves | 13 | €35,515 | €51,411 | +€15,895 | +44.8% |
| Distributable reserves | 133 | €35,515 | €51,411 | +€15,895 | +44.8% |
| Amounts payable | 17/49 | €17,056 | €14,959 | -€2,098 | -12.3% |
| Amounts payable within one year | 42/48 | €17,056 | €14,878 | -€2,179 | -12.8% |
| Financial debts | 43 | €689 | €0 | -€689 | -100.0% |
| Credit institutions | 430/8 | €689 | €0 | -€689 | -100.0% |
| Trade debts | 44 | €446 | €3,810 | +€3,365 | +754.7% |
| Suppliers | 440/4 | €446 | €3,810 | +€3,365 | +754.7% |
| Taxes, remuneration and social security | 45 | €15,922 | €11,067 | -€4,855 | -30.5% |
| Taxes | 450/3 | €15,922 | €11,067 | -€4,855 | -30.5% |
| Accrued charges and deferred income | 492/3 | - | €81 | +€81 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €245 | €815 | +€570 | +232.4% |
| Other operating charges | 640/8 | - | €342 | +€342 | |
| Gross operating margin | 9900 | €44,904 | €21,901 | -€23,003 | -51.2% |
| Operating profit (loss) | 9901 | €44,659 | €20,744 | -€23,915 | -53.5% |
| Financial income | 75/76B | €505 | €575 | +€71 | +14.0% |
| Recurring financial income | 75 | €505 | €575 | +€71 | +14.0% |
| Financial charges | 65/66B | €134 | €91 | -€43 | -32.3% |
| Recurring financial charges | 65 | €134 | €91 | -€43 | -32.3% |
| Profit (loss) for the period before taxes | 9903 | €45,029 | €21,229 | -€23,800 | -52.9% |
| Income taxes | 67/77 | €9,514 | €5,333 | -€4,180 | -43.9% |
| Profit (loss) for the period | 9904 | €35,515 | €15,895 | -€19,620 | -55.2% |
| Profit (loss) for the period to be appropriated | 9905 | €35,515 | €15,895 | -€19,620 | -55.2% |
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 11 October 2026 via checked.be.