MIJLEMANS: what changed
Two fiscal 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.
MIJLEMANS
Largest movements
- Tangible fixed assets -€27,259
down €27,259 (-25.8%), from €105,483 to €78,224
of which Plant, machinery and equipment: -€16,665
- Cash -€20,067
down €20,067 (-29.5%), from €67,980 to €47,913
mainly Contributions, distributions and other (-€12,270) and Trade debts (-€10,161)
- Stocks and contracts +€4,531
up €4,531 (+418.9%), from €1,082 to €5,613
- Reserves -€12,270
down €12,270 (-17.1%), from €71,663 to €59,392
- Trade debts -€10,161
down €10,161 (-44.6%), from €22,798 to €12,637
- Debts after one year -€8,163
down €8,163 (-38.7%), from €21,107 to €12,944
- Tax, wage and social debts -€8,015
down €8,015 (-26.8%), from €29,876 to €21,861
of which Taxes: -€5,133
- Profit (loss) carried forward -€4,790
new in 2025: -€4,790
- Gross operating margin -€54,414
down €54,414 (-28.4%), from €191,725 to €137,310
- Taxes -€11,609
down €11,609 (-93.2%), from €12,456 to €847
- Staff costs -€9,325
down €9,325 (-7.7%), from €120,996 to €111,671
- Depreciation +€8,228
up €8,228 (+39.7%), from €20,731 to €28,959
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 | €186,547 | €141,942 | -€44,605 | -23.9% |
| Fixed assets | 21/28 | €106,177 | €78,919 | -€27,259 | -25.7% |
| Tangible fixed assets | 22/27 | €105,483 | €78,224 | -€27,259 | -25.8% |
| Plant, machinery and equipment | 23 | €57,785 | €41,120 | -€16,665 | -28.8% |
| Furniture and vehicles | 24 | €44,882 | €34,816 | -€10,066 | -22.4% |
| Other tangible fixed assets | 26 | €2,816 | €2,288 | -€528 | -18.7% |
| Financial fixed assets | 28 | €694 | €694 | = | 0.0% |
| Current assets | 29/58 | €80,370 | €63,023 | -€17,346 | -21.6% |
| Stocks and contracts in progress | 3 | €1,082 | €5,613 | +€4,531 | +418.9% |
| Stocks | 30/36 | €1,082 | €5,613 | +€4,531 | +418.9% |
| Amounts receivable within one year | 40/41 | €10,809 | €9,498 | -€1,311 | -12.1% |
| Trade receivables | 40 | €728 | €1,872 | +€1,144 | +157.2% |
| Other amounts receivable | 41 | €10,081 | €7,626 | -€2,456 | -24.4% |
| Cash at bank and in hand | 54/58 | €67,980 | €47,913 | -€20,067 | -29.5% |
| Deferred charges and accrued income | 490/1 | €499 | €0 | -€499 | -100.0% |
| Total equity and liabilities | 10/49 | €186,547 | €141,942 | -€44,605 | -23.9% |
| Equity | 10/15 | €98,963 | €81,902 | -€17,061 | -17.2% |
| Contributions | 10/11 | €27,300 | €27,300 | = | 0.0% |
| Reserves | 13 | €71,663 | €59,392 | -€12,270 | -17.1% |
| Distributable reserves | 133 | €71,663 | €59,392 | -€12,270 | -17.1% |
| Profit (loss) carried forward | 14 | - | -€4,790 | -€4,790 | |
| Amounts payable | 17/49 | €87,584 | €60,040 | -€27,544 | -31.4% |
| Amounts payable after more than one year | 17 | €21,107 | €12,944 | -€8,163 | -38.7% |
| Financial debts | 170/4 | €21,107 | €12,944 | -€8,163 | -38.7% |
| Amounts payable within one year | 42/48 | €66,477 | €47,096 | -€19,381 | -29.2% |
| Current portion of amounts payable after more than one year | 42 | €7,809 | €8,163 | +€354 | +4.5% |
| Financial debts | 43 | €5,994 | €4,415 | -€1,579 | -26.3% |
| Credit institutions | 430/8 | €5,994 | €4,415 | -€1,579 | -26.3% |
| Trade debts | 44 | €22,798 | €12,637 | -€10,161 | -44.6% |
| Suppliers | 440/4 | €22,798 | €12,637 | -€10,161 | -44.6% |
| Taxes, remuneration and social security | 45 | €29,876 | €21,861 | -€8,015 | -26.8% |
| Taxes | 450/3 | €13,995 | €8,862 | -€5,133 | -36.7% |
| Remuneration and social security | 454/9 | €15,881 | €12,999 | -€2,883 | -18.2% |
| Other amounts payable | 47/48 | - | €19 | +€19 | |
| Non-recurring operating income | 76A | €980 | €0 | -€980 | -100.0% |
| Remuneration, social security and pensions | 62 | €120,996 | €111,671 | -€9,325 | -7.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,731 | €28,959 | +€8,228 | +39.7% |
| Other operating charges | 640/8 | €783 | €1,239 | +€456 | +58.2% |
| Non-recurring operating charges | 66A | €6,540 | €0 | -€6,540 | -100.0% |
| Gross operating margin | 9900 | €191,725 | €137,310 | -€54,414 | -28.4% |
| Operating profit (loss) | 9901 | €42,676 | -€4,557 | -€47,233 | |
| Financial income | 75/76B | €4,147 | €3,201 | -€946 | -22.8% |
| Recurring financial income | 75 | €4,147 | €3,201 | -€946 | -22.8% |
| Financial charges | 65/66B | €4,097 | €2,586 | -€1,511 | -36.9% |
| Recurring financial charges | 65 | €4,097 | €2,586 | -€1,511 | -36.9% |
| Profit (loss) for the period before taxes | 9903 | €42,725 | -€3,943 | -€46,668 | |
| Income taxes | 67/77 | €12,456 | €847 | -€11,609 | -93.2% |
| Profit (loss) for the period | 9904 | €30,269 | -€4,790 | -€35,059 | |
| Profit (loss) for the period to be appropriated | 9905 | €30,269 | -€4,790 | -€35,059 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 September 2026 via checked.be.