MIOMANDRE CONSULT: 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.
MIOMANDRE CONSULT
Largest movements
- Cash -€29,590
down €29,590 (-75.6%), from €39,138 to €9,548
mainly Other debts (-€25,249) and Debts after one year (-€15,333)
- Stocks and contracts +€12,048
up €12,048 (+115.9%), from €10,396 to €22,444
- Receivables within one year +€4,494
up €4,494 (+32.5%), from €13,841 to €18,334
of which Other amounts receivable: +€9,469
- Other debts -€25,249
down €25,249 (-17.1%), from €147,442 to €122,193
- Trade debts +€22,617
up €22,617 (+309.9%), from €7,299 to €29,916
- Debts after one year -€15,333
down €15,333 (-22.3%), from €68,749 to €53,416
- Profit (loss) carried forward +€5,025
up €5,025 (+7.8%), from €64,409 to €69,434
- Gross operating margin +€4,524
up €4,524 (+71.2%), from €6,358 to €10,882
- Depreciation +€3,031
up €3,031 (+530.7%), from €571 to €3,602
- Financial charges -€275
down €275 (-14.0%), from €1,968 to €1,693
- Taxes +€162
new in 2025: €162
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 | €379,641 | €367,171 | -€12,470 | -3.3% |
| Fixed assets | 21/28 | €316,148 | €316,002 | -€146 | 0.0% |
| Tangible fixed assets | 22/27 | €12,648 | €12,502 | -€146 | -1.2% |
| Plant, machinery and equipment | 23 | €12,648 | €12,502 | -€146 | -1.2% |
| Financial fixed assets | 28 | €303,500 | €303,500 | = | 0.0% |
| Current assets | 29/58 | €63,493 | €51,168 | -€12,325 | -19.4% |
| Stocks and contracts in progress | 3 | €10,396 | €22,444 | +€12,048 | +115.9% |
| Stocks | 30/36 | €10,396 | €22,444 | +€12,048 | +115.9% |
| Amounts receivable within one year | 40/41 | €13,841 | €18,334 | +€4,494 | +32.5% |
| Trade receivables | 40 | €4,975 | - | -€4,975 | |
| Other amounts receivable | 41 | €8,865 | €18,334 | +€9,469 | +106.8% |
| Cash at bank and in hand | 54/58 | €39,138 | €9,548 | -€29,590 | -75.6% |
| Deferred charges and accrued income | 490/1 | €118 | €842 | +€724 | +613.4% |
| Total equity and liabilities | 10/49 | €379,641 | €367,171 | -€12,470 | -3.3% |
| Equity | 10/15 | €141,125 | €146,151 | +€5,025 | +3.6% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €14,716 | €14,716 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,216 | €6,216 | = | 0.0% |
| Legal reserve | 130 | €6,216 | €6,216 | = | 0.0% |
| Distributable reserves | 133 | €8,500 | €8,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €64,409 | €69,434 | +€5,025 | +7.8% |
| Amounts payable | 17/49 | €238,516 | €221,020 | -€17,496 | -7.3% |
| Amounts payable after more than one year | 17 | €68,749 | €53,416 | -€15,333 | -22.3% |
| Financial debts | 170/4 | €68,749 | €53,416 | -€15,333 | -22.3% |
| Amounts payable within one year | 42/48 | €169,767 | €167,604 | -€2,163 | -1.3% |
| Current portion of amounts payable after more than one year | 42 | €15,025 | €15,333 | +€308 | +2.0% |
| Trade debts | 44 | €7,299 | €29,916 | +€22,617 | +309.9% |
| Suppliers | 440/4 | €7,299 | €29,916 | +€22,617 | +309.9% |
| Taxes, remuneration and social security | 45 | - | €162 | +€162 | |
| Taxes | 450/3 | - | €162 | +€162 | |
| Other amounts payable | 47/48 | €147,442 | €122,193 | -€25,249 | -17.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €571 | €3,602 | +€3,031 | +530.7% |
| Other operating charges | 640/8 | €476 | €400 | -€77 | -16.1% |
| Gross operating margin | 9900 | €6,358 | €10,882 | +€4,524 | +71.2% |
| Operating profit (loss) | 9901 | €5,310 | €6,880 | +€1,570 | +29.6% |
| Financial income | 75/76B | €0 | €0 | +€0 | +4500.0% |
| Recurring financial income | 75 | €0 | €0 | +€0 | +4500.0% |
| Financial charges | 65/66B | €1,968 | €1,693 | -€275 | -14.0% |
| Recurring financial charges | 65 | €1,968 | €1,693 | -€275 | -14.0% |
| Profit (loss) for the period before taxes | 9903 | €3,343 | €5,187 | +€1,845 | +55.2% |
| Income taxes | 67/77 | - | €162 | +€162 | |
| Profit (loss) for the period | 9904 | €3,343 | €5,025 | +€1,683 | +50.3% |
| Profit (loss) for the period to be appropriated | 9905 | €3,343 | €5,025 | +€1,683 | +50.3% |
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 1 October 2026 via checked.be.