MIOLI: 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.
MIOLI
Largest movements
- Receivables within one year +€41,330
up €41,330 (+190.7%), from €21,671 to €63,001
- Tangible fixed assets +€10,805
up €10,805 (+7.5%), from €144,014 to €154,818
of which Furniture and vehicles: +€11,082
- Cash -€4,470
down €4,470 (-67.5%), from €6,627 to €2,157
mainly Investment in fixed assets (net) (-€42,242) and Receivables within one year (-€41,330)
- Other debts +€35,838
up €35,838 (+21.7%), from €164,900 to €200,738
- Tax, wage and social debts +€7,069
up €7,069 (+184.8%), from €3,826 to €10,894
of which Taxes: +€3,669
- Profit (loss) carried forward +€3,840
up €3,840, from -€349 to €3,490
- Gross operating margin +€24,790
up €24,790 (+203.7%), from €12,168 to €36,958
- Depreciation +€19,279
up €19,279 (+158.6%), from €12,158 to €31,437
- Taxes +€1,051
new in 2025: €1,051
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 | €172,694 | €220,374 | +€47,680 | +27.6% |
| Fixed assets | 21/28 | €144,014 | €154,818 | +€10,805 | +7.5% |
| Tangible fixed assets | 22/27 | €144,014 | €154,818 | +€10,805 | +7.5% |
| Land and buildings | 22 | €5,757 | €5,460 | -€296 | -5.1% |
| Plant, machinery and equipment | 23 | €47,150 | €48,765 | +€1,614 | +3.4% |
| Furniture and vehicles | 24 | €65,459 | €76,541 | +€11,082 | +16.9% |
| Other tangible fixed assets | 26 | €25,648 | €24,053 | -€1,595 | -6.2% |
| Current assets | 29/58 | €28,680 | €65,556 | +€36,876 | +128.6% |
| Amounts receivable within one year | 40/41 | €21,671 | €63,001 | +€41,330 | +190.7% |
| Trade receivables | 40 | €21,671 | €63,001 | +€41,330 | +190.7% |
| Cash at bank and in hand | 54/58 | €6,627 | €2,157 | -€4,470 | -67.5% |
| Deferred charges and accrued income | 490/1 | €382 | €398 | +€16 | +4.1% |
| Total equity and liabilities | 10/49 | €172,694 | €220,374 | +€47,680 | +27.6% |
| Equity | 10/15 | €1,651 | €5,490 | +€3,840 | +232.6% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€349 | €3,490 | +€3,840 | |
| Amounts payable | 17/49 | €171,044 | €214,884 | +€43,841 | +25.6% |
| Amounts payable within one year | 42/48 | €169,044 | €213,384 | +€44,341 | +26.2% |
| Trade debts | 44 | €318 | €1,752 | +€1,435 | +451.5% |
| Suppliers | 440/4 | €318 | €1,752 | +€1,435 | +451.5% |
| Taxes, remuneration and social security | 45 | €3,826 | €10,894 | +€7,069 | +184.8% |
| Taxes | 450/3 | €3,826 | €7,494 | +€3,669 | +95.9% |
| Remuneration and social security | 454/9 | - | €3,400 | +€3,400 | |
| Other amounts payable | 47/48 | €164,900 | €200,738 | +€35,838 | +21.7% |
| Accrued charges and deferred income | 492/3 | €2,000 | €1,500 | -€500 | -25.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,158 | €31,437 | +€19,279 | +158.6% |
| Other operating charges | 640/8 | €307 | €507 | +€200 | +65.1% |
| Gross operating margin | 9900 | €12,168 | €36,958 | +€24,790 | +203.7% |
| Operating profit (loss) | 9901 | -€297 | €5,014 | +€5,311 | |
| Financial income | 75/76B | €15 | - | -€15 | |
| Recurring financial income | 75 | €15 | - | -€15 | |
| Financial charges | 65/66B | €67 | €123 | +€56 | +83.5% |
| Recurring financial charges | 65 | €67 | €123 | +€56 | +83.5% |
| Profit (loss) for the period before taxes | 9903 | -€349 | €4,890 | +€5,240 | |
| Income taxes | 67/77 | - | €1,051 | +€1,051 | |
| Profit (loss) for the period | 9904 | -€349 | €3,840 | +€4,189 | |
| Profit (loss) for the period to be appropriated | 9905 | -€349 | €3,840 | +€4,189 |
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 12 October 2026 via checked.be.