MIEVERS STRO: 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.
MIEVERS STRO
Largest movements
- Cash +€6,967
up €6,967 (+41.0%), from €16,976 to €23,943
mainly Trade debts (+€19,784) and Depreciation (+€13,969)
- Receivables within one year +€4,125
up €4,125 (+78.0%), from €5,287 to €9,412
- Tangible fixed assets +€2,775
up €2,775 (+3.7%), from €75,518 to €78,293
of which Furniture and vehicles: +€6,202
- Trade debts +€19,784
up €19,784 (+1,121%), from €1,765 to €21,549
- Reserves +€9,712
up €9,712 (+8.3%), from €116,382 to €126,094
- Current portion of long-term debt -€9,432
down €9,432 (-79.7%), from €11,840 to €2,408
- Tax, wage and social debts -€7,142
down €7,142 (-50.6%), from €14,109 to €6,967
of which Taxes: -€7,338
- Debts after one year +€1,605
new in 2025: €1,605
- Staff costs +€15,888
up €15,888 (+17.7%), from €89,622 to €105,510
- Gross operating margin -€9,244
down €9,244 (-6.4%), from €144,004 to €134,760
- Taxes -€7,659
down €7,659 (-61.0%), from €12,552 to €4,892
- Depreciation +€2,252
up €2,252 (+19.2%), from €11,717 to €13,969
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 | €103,918 | €118,445 | +€14,527 | +14.0% |
| Fixed assets | 21/28 | €76,018 | €78,793 | +€2,775 | +3.7% |
| Tangible fixed assets | 22/27 | €75,518 | €78,293 | +€2,775 | +3.7% |
| Land and buildings | 22 | €20,553 | €19,348 | -€1,204 | -5.9% |
| Plant, machinery and equipment | 23 | €54,507 | €52,285 | -€2,222 | -4.1% |
| Furniture and vehicles | 24 | €458 | €6,660 | +€6,202 | +1,353% |
| Financial fixed assets | 28 | €500 | €500 | = | 0.0% |
| Current assets | 29/58 | €27,900 | €39,652 | +€11,752 | +42.1% |
| Stocks and contracts in progress | 3 | €2,037 | €2,398 | +€360 | +17.7% |
| Stocks | 30/36 | €2,037 | €2,398 | +€360 | +17.7% |
| Amounts receivable within one year | 40/41 | €5,287 | €9,412 | +€4,125 | +78.0% |
| Other amounts receivable | 41 | €5,287 | €9,412 | +€4,125 | +78.0% |
| Cash at bank and in hand | 54/58 | €16,976 | €23,943 | +€6,967 | +41.0% |
| Deferred charges and accrued income | 490/1 | €3,600 | €3,899 | +€299 | +8.3% |
| Total equity and liabilities | 10/49 | €103,918 | €118,445 | +€14,527 | +14.0% |
| Equity | 10/15 | €76,205 | €85,917 | +€9,712 | +12.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €116,382 | €126,094 | +€9,712 | +8.3% |
| Distributable reserves | 133 | €116,382 | €126,094 | +€9,712 | +8.3% |
| Profit (loss) carried forward | 14 | -€58,777 | -€58,777 | = | 0.0% |
| Amounts payable | 17/49 | €27,714 | €32,529 | +€4,815 | +17.4% |
| Amounts payable after more than one year | 17 | - | €1,605 | +€1,605 | |
| Financial debts | 170/4 | - | €1,605 | +€1,605 | |
| Amounts payable within one year | 42/48 | €27,714 | €30,924 | +€3,210 | +11.6% |
| Current portion of amounts payable after more than one year | 42 | €11,840 | €2,408 | -€9,432 | -79.7% |
| Trade debts | 44 | €1,765 | €21,549 | +€19,784 | +1,121% |
| Suppliers | 440/4 | €1,765 | €21,549 | +€19,784 | +1,121% |
| Taxes, remuneration and social security | 45 | €14,109 | €6,967 | -€7,142 | -50.6% |
| Taxes | 450/3 | €13,386 | €6,048 | -€7,338 | -54.8% |
| Remuneration and social security | 454/9 | €723 | €919 | +€196 | +27.1% |
| Remuneration, social security and pensions | 62 | €89,622 | €105,510 | +€15,888 | +17.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,717 | €13,969 | +€2,252 | +19.2% |
| Other operating charges | 640/8 | €1,107 | €1,532 | +€425 | +38.4% |
| Gross operating margin | 9900 | €144,004 | €134,760 | -€9,244 | -6.4% |
| Operating profit (loss) | 9901 | €41,558 | €13,748 | -€27,810 | -66.9% |
| Financial income | 75/76B | €4,111 | €2,806 | -€1,305 | -31.7% |
| Recurring financial income | 75 | €3,625 | €1,969 | -€1,656 | -45.7% |
| Non-recurring financial income | 76B | €486 | €837 | +€351 | +72.3% |
| Financial charges | 65/66B | €2,407 | €1,950 | -€457 | -19.0% |
| Recurring financial charges | 65 | €2,407 | €1,950 | -€457 | -19.0% |
| Profit (loss) for the period before taxes | 9903 | €43,262 | €14,604 | -€28,658 | -66.2% |
| Income taxes | 67/77 | €12,552 | €4,892 | -€7,659 | -61.0% |
| Profit (loss) for the period | 9904 | €30,710 | €9,712 | -€20,998 | -68.4% |
| Profit (loss) for the period to be appropriated | 9905 | €30,710 | €9,712 | -€20,998 | -68.4% |
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 17 October 2026 via checked.be.