Mioef: 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.
Mioef
Largest movements
- Receivables within one year +€18,286
up €18,286 (+28.8%), from €63,417 to €81,704
of which Other amounts receivable: +€18,392
- Cash +€1,760
up €1,760 (+3.1%), from €56,468 to €58,228
mainly Net result for the year (+€29,225) and Depreciation (+€952)
- Reserves +€29,225
up €29,225 (+31.0%), from €94,213 to €123,438
- Tax, wage and social debts -€10,453
down €10,453 (-41.1%), from €25,418 to €14,965
- Gross operating margin -€40,408
down €40,408 (-51.0%), from €79,218 to €38,810
- Taxes -€7,837
down €7,837 (-49.9%), from €15,700 to €7,863
- Other operating charges -€1,149
down €1,149 (-68.9%), from €1,669 to €520
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 | €122,819 | €141,914 | +€19,095 | +15.5% |
| Fixed assets | 21/28 | €2,857 | €1,904 | -€952 | -33.3% |
| Tangible fixed assets | 22/27 | €2,857 | €1,904 | -€952 | -33.3% |
| Plant, machinery and equipment | 23 | €2,857 | €1,904 | -€952 | -33.3% |
| Current assets | 29/58 | €119,963 | €140,010 | +€20,047 | +16.7% |
| Amounts receivable within one year | 40/41 | €63,417 | €81,704 | +€18,286 | +28.8% |
| Trade receivables | 40 | €105 | - | -€105 | |
| Other amounts receivable | 41 | €63,312 | €81,704 | +€18,392 | +29.0% |
| Cash at bank and in hand | 54/58 | €56,468 | €58,228 | +€1,760 | +3.1% |
| Deferred charges and accrued income | 490/1 | €78 | €79 | +€1 | +0.9% |
| Total equity and liabilities | 10/49 | €122,819 | €141,914 | +€19,095 | +15.5% |
| Equity | 10/15 | €96,713 | €125,938 | +€29,225 | +30.2% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €94,213 | €123,438 | +€29,225 | +31.0% |
| Distributable reserves | 133 | €94,213 | €123,438 | +€29,225 | +31.0% |
| Amounts payable | 17/49 | €26,106 | €15,976 | -€10,129 | -38.8% |
| Amounts payable within one year | 42/48 | €26,106 | €15,976 | -€10,129 | -38.8% |
| Trade debts | 44 | €688 | €1,011 | +€323 | +47.0% |
| Suppliers | 440/4 | €688 | €1,011 | +€323 | +47.0% |
| Taxes, remuneration and social security | 45 | €25,418 | €14,965 | -€10,453 | -41.1% |
| Taxes | 450/3 | €25,418 | €14,965 | -€10,453 | -41.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €952 | €952 | +€0 | 0.0% |
| Other operating charges | 640/8 | €1,669 | €520 | -€1,149 | -68.9% |
| Gross operating margin | 9900 | €79,218 | €38,810 | -€40,408 | -51.0% |
| Operating profit (loss) | 9901 | €76,597 | €37,338 | -€39,259 | -51.3% |
| Financial income | 75/76B | €47 | €0 | -€47 | -100.0% |
| Recurring financial income | 75 | €47 | €0 | -€47 | -100.0% |
| Financial charges | 65/66B | €336 | €250 | -€85 | -25.4% |
| Recurring financial charges | 65 | €336 | €250 | -€85 | -25.4% |
| Profit (loss) for the period before taxes | 9903 | €76,309 | €37,087 | -€39,221 | -51.4% |
| Income taxes | 67/77 | €15,700 | €7,863 | -€7,837 | -49.9% |
| Profit (loss) for the period | 9904 | €60,609 | €29,225 | -€31,384 | -51.8% |
| Profit (loss) for the period to be appropriated | 9905 | €60,609 | €29,225 | -€31,384 | -51.8% |
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 8 October 2026 via checked.be.