MIHR & CO: 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.
MIHR & CO
Largest movements
- Receivables within one year +€23,856
up €23,856 (+23.8%), from €100,096 to €123,952
of which Other amounts receivable: +€29,248
- Cash -€3,700
down €3,700 (-19.8%), from €18,663 to €14,963
mainly Receivables within one year (-€23,856) and Net result for the year (-€11,470)
- Tangible fixed assets -€1,652
down €1,652 (-12.3%), from €13,394 to €11,742
of which Other tangible fixed assets: -€1,561
- Trade debts +€27,569
up €27,569 (+42.7%), from €64,528 to €92,096
- Profit (loss) carried forward -€11,470
down €11,470 (-63.0%), from €18,211 to €6,741
- Tax, wage and social debts +€3,145
up €3,145 (+24.7%), from €12,731 to €15,876
of which Taxes: +€3,145
- Gross operating margin -€75,912
down €75,912, from €69,269 to -€6,644
- Other operating charges -€1,888
down €1,888 (-76.1%), from €2,481 to €594
- Staff costs +€1,558
new in 2025: €1,558
- Taxes -€1,217
down €1,217 (-88.4%), from €1,377 to €160
- Financial income +€881
up €881 (+196%), from €450 to €1,331
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 | €132,870 | €152,113 | +€19,243 | +14.5% |
| Fixed assets | 21/28 | €13,394 | €11,742 | -€1,652 | -12.3% |
| Tangible fixed assets | 22/27 | €13,394 | €11,742 | -€1,652 | -12.3% |
| Plant, machinery and equipment | 23 | €298 | €1,656 | +€1,358 | +455% |
| Furniture and vehicles | 24 | €2,413 | €964 | -€1,448 | -60.0% |
| Other tangible fixed assets | 26 | €10,684 | €9,122 | -€1,561 | -14.6% |
| Current assets | 29/58 | €119,475 | €140,371 | +€20,895 | +17.5% |
| Amounts receivable within one year | 40/41 | €100,096 | €123,952 | +€23,856 | +23.8% |
| Trade receivables | 40 | €81,406 | €76,013 | -€5,392 | -6.6% |
| Other amounts receivable | 41 | €18,691 | €47,938 | +€29,248 | +156% |
| Cash at bank and in hand | 54/58 | €18,663 | €14,963 | -€3,700 | -19.8% |
| Deferred charges and accrued income | 490/1 | €716 | €1,456 | +€740 | +103% |
| Total equity and liabilities | 10/49 | €132,870 | €152,113 | +€19,243 | +14.5% |
| Equity | 10/15 | €55,611 | €44,141 | -€11,470 | -20.6% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €25,000 | €25,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €23,140 | €23,140 | = | 0.0% |
| Profit (loss) carried forward | 14 | €18,211 | €6,741 | -€11,470 | -63.0% |
| Amounts payable | 17/49 | €77,259 | €107,972 | +€30,713 | +39.8% |
| Amounts payable within one year | 42/48 | €77,259 | €107,972 | +€30,713 | +39.8% |
| Trade debts | 44 | €64,528 | €92,096 | +€27,569 | +42.7% |
| Suppliers | 440/4 | €64,528 | €92,096 | +€27,569 | +42.7% |
| Taxes, remuneration and social security | 45 | €12,731 | €15,876 | +€3,145 | +24.7% |
| Taxes | 450/3 | €9,871 | €13,016 | +€3,145 | +31.9% |
| Remuneration and social security | 454/9 | €2,860 | €2,860 | = | 0.0% |
| Remuneration, social security and pensions | 62 | - | €1,558 | +€1,558 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,586 | €3,309 | +€723 | +28.0% |
| Other operating charges | 640/8 | €2,481 | €594 | -€1,888 | -76.1% |
| Gross operating margin | 9900 | €69,269 | -€6,644 | -€75,912 | |
| Operating profit (loss) | 9901 | €64,201 | -€12,104 | -€76,306 | |
| Financial income | 75/76B | €450 | €1,331 | +€881 | +196% |
| Recurring financial income | 75 | €450 | €1,331 | +€881 | +196% |
| Financial charges | 65/66B | €976 | €537 | -€439 | -45.0% |
| Recurring financial charges | 65 | €976 | €537 | -€439 | -45.0% |
| Profit (loss) for the period before taxes | 9903 | €63,675 | -€11,311 | -€74,986 | |
| Income taxes | 67/77 | €1,377 | €160 | -€1,217 | -88.4% |
| Profit (loss) for the period | 9904 | €62,298 | -€11,470 | -€73,769 | |
| Profit (loss) for the period to be appropriated | 9905 | €62,298 | -€11,470 | -€73,769 |
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 28 October 2026 via checked.be.