MIGLU Immobilier et Construct: 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.
MIGLU Immobilier et Construct
Largest movements
- Receivables within one year +€37,365
up €37,365 (+59.1%), from €63,254 to €100,619
of which Other amounts receivable: +€38,555
- Tangible fixed assets +€1,217
new in 2025: €1,217
- Trade debts +€25,249
up €25,249 (+468%), from €5,390 to €30,639
- Profit (loss) carried forward +€11,117
up €11,117, from -€3,636 to €7,481
- Tax, wage and social debts +€2,600
new in 2025: €2,600
- Gross operating margin +€13,768
up €13,768, from -€744 to €13,024
- Taxes +€2,600
new in 2025: €2,600
- Depreciation -€2,476
down €2,476 (-85.6%), from €2,892 to €416
- Financial income +€1,169
new in 2025: €1,169
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 | €63,254 | €102,220 | +€38,966 | +61.6% |
| Fixed assets | 21/28 | - | €1,217 | +€1,217 | |
| Tangible fixed assets | 22/27 | - | €1,217 | +€1,217 | |
| Furniture and vehicles | 24 | - | €1,217 | +€1,217 | |
| Current assets | 29/58 | €63,254 | €101,003 | +€37,749 | +59.7% |
| Amounts receivable within one year | 40/41 | €63,254 | €100,619 | +€37,365 | +59.1% |
| Trade receivables | 40 | €1,190 | - | -€1,190 | |
| Other amounts receivable | 41 | €62,064 | €100,619 | +€38,555 | +62.1% |
| Cash at bank and in hand | 54/58 | - | €384 | +€384 | |
| Total equity and liabilities | 10/49 | €63,254 | €102,220 | +€38,966 | +61.6% |
| Equity | 10/15 | €57,864 | €68,981 | +€11,117 | +19.2% |
| Contributions | 10/11 | €61,500 | €61,500 | = | 0.0% |
| Capital | 10 | €61,500 | - | -€61,500 | |
| Issued capital | 100 | €61,500 | - | -€61,500 | |
| Profit (loss) carried forward | 14 | -€3,636 | €7,481 | +€11,117 | |
| Amounts payable | 17/49 | €5,390 | €33,239 | +€27,849 | +517% |
| Amounts payable within one year | 42/48 | €5,390 | €33,239 | +€27,849 | +517% |
| Trade debts | 44 | €5,390 | €30,639 | +€25,249 | +468% |
| Suppliers | 440/4 | €5,390 | €30,639 | +€25,249 | +468% |
| Taxes, remuneration and social security | 45 | - | €2,600 | +€2,600 | |
| Taxes | 450/3 | - | €2,600 | +€2,600 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,892 | €416 | -€2,476 | -85.6% |
| Gross operating margin | 9900 | -€744 | €13,024 | +€13,768 | |
| Operating profit (loss) | 9901 | -€3,636 | €12,608 | +€16,244 | |
| Financial income | 75/76B | - | €1,169 | +€1,169 | |
| Recurring financial income | 75 | - | €1,169 | +€1,169 | |
| Financial charges | 65/66B | - | €60 | +€60 | |
| Recurring financial charges | 65 | - | €60 | +€60 | |
| Profit (loss) for the period before taxes | 9903 | -€3,636 | €13,717 | +€17,353 | |
| Income taxes | 67/77 | - | €2,600 | +€2,600 | |
| Profit (loss) for the period | 9904 | -€3,636 | €11,117 | +€14,753 | |
| Profit (loss) for the period to be appropriated | 9905 | -€3,636 | €11,117 | +€14,753 |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 23 October 2026 via checked.be.