Miferouti: 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.
Miferouti
Largest movements
- Tangible fixed assets -€355,792
down €355,792 (-5.8%), from €6.1m to €5.7m
- Cash +€78,063
up €78,063 (+127%), from €61,396 to €139,459
mainly Depreciation (+€405,792) and Net result for the year (+€220,970)
- Debts after one year -€500,000
down €500,000 (-10.4%), from €4.8m to €4.3m
- Reserves +€220,970
up €220,970 (+45.0%), from €490,948 to €711,918
of which Distributable reserves: +€220,970
- Financial charges -€58,872
down €58,872 (-18.8%), from €313,501 to €254,629
- Taxes +€14,172
up €14,172 (+23.8%), from €59,517 to €73,688
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 | €6,170,836 | €5,884,966 | -€285,869 | -4.6% |
| Fixed assets | 21/28 | €6,099,452 | €5,743,660 | -€355,792 | -5.8% |
| Tangible fixed assets | 22/27 | €6,099,452 | €5,743,660 | -€355,792 | -5.8% |
| Land and buildings | 22 | €6,099,452 | €5,743,660 | -€355,792 | -5.8% |
| Current assets | 29/58 | €71,383 | €141,306 | +€69,923 | +98.0% |
| Amounts receivable within one year | 40/41 | €9,988 | €1,847 | -€8,141 | -81.5% |
| Other amounts receivable | 41 | €9,988 | €1,847 | -€8,141 | -81.5% |
| Cash at bank and in hand | 54/58 | €61,396 | €139,459 | +€78,063 | +127% |
| Total equity and liabilities | 10/49 | €6,170,836 | €5,884,966 | -€285,869 | -4.6% |
| Equity | 10/15 | €1,345,948 | €1,566,918 | +€220,970 | +16.4% |
| Contributions | 10/11 | €855,000 | €855,000 | = | 0.0% |
| Reserves | 13 | €490,948 | €711,918 | +€220,970 | +45.0% |
| Non-distributable reserves | 130/1 | €85,500 | €85,500 | = | 0.0% |
| Other | 1319 | €85,500 | €85,500 | = | 0.0% |
| Distributable reserves | 133 | €405,448 | €626,418 | +€220,970 | +54.5% |
| Amounts payable | 17/49 | €4,824,888 | €4,318,049 | -€506,839 | -10.5% |
| Amounts payable after more than one year | 17 | €4,800,000 | €4,300,000 | -€500,000 | -10.4% |
| Other amounts payable | 178/9 | €4,800,000 | €4,300,000 | -€500,000 | -10.4% |
| Amounts payable within one year | 42/48 | €24,888 | €18,049 | -€6,839 | -27.5% |
| Trade debts | 44 | €24,888 | €18,049 | -€6,839 | -27.5% |
| Suppliers | 440/4 | €24,888 | €18,049 | -€6,839 | -27.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €403,534 | €405,792 | +€2,258 | +0.6% |
| Other operating charges | 640/8 | €37,065 | €38,099 | +€1,033 | +2.8% |
| Gross operating margin | 9900 | €992,166 | €993,178 | +€1,012 | +0.1% |
| Operating profit (loss) | 9901 | €551,567 | €549,287 | -€2,280 | -0.4% |
| Financial charges | 65/66B | €313,501 | €254,629 | -€58,872 | -18.8% |
| Recurring financial charges | 65 | €313,501 | €254,629 | -€58,872 | -18.8% |
| Profit (loss) for the period before taxes | 9903 | €238,066 | €294,658 | +€56,592 | +23.8% |
| Income taxes | 67/77 | €59,517 | €73,688 | +€14,172 | +23.8% |
| Profit (loss) for the period | 9904 | €178,550 | €220,970 | +€42,420 | +23.8% |
| Profit (loss) for the period to be appropriated | 9905 | €178,550 | €220,970 | +€42,420 | +23.8% |
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 25 October 2026 via checked.be.