MIQARA: 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.
MIQARA
Largest movements
- Cash -€28,719
down €28,719 (-53.7%), from €53,457 to €24,738
mainly Tax, wage and social debts (-€49,509) and Debts after one year (-€10,180)
- Tangible fixed assets -€16,117
down €16,117 (-13.4%), from €120,327 to €104,210
- Tax, wage and social debts -€49,509
down €49,509 (-93.2%), from €53,135 to €3,626
of which Taxes: -€41,509
- Trade debts +€10,782
up €10,782 (+2579.0%), from €418 to €11,200
- Debts after one year -€10,180
down €10,180 (-27.1%), from €37,602 to €27,422
- Other debts +€9,700
up €9,700 (+55.7%), from €17,402 to €27,101
- Profit (loss) carried forward -€6,633
down €6,633 (-48.3%), from €13,743 to €7,109
- Gross operating margin -€16,195
down €16,195 (-55.7%), from €29,097 to €12,902
- Depreciation +€7,507
up €7,507 (+87.2%), from €8,611 to €16,117
- Taxes -€1,500
down €1,500 (-100.0%), from €1,500 to €0
- Financial charges -€1,020
down €1,020 (-27.2%), from €3,744 to €2,725
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €194,354 | €149,517 | -€44,837 | -23.1% |
| Fixed assets | 21/28 | €120,327 | €104,210 | -€16,117 | -13.4% |
| Tangible fixed assets | 22/27 | €120,327 | €104,210 | -€16,117 | -13.4% |
| Furniture and vehicles | 24 | €120,327 | €104,210 | -€16,117 | -13.4% |
| Current assets | 29/58 | €74,027 | €45,308 | -€28,719 | -38.8% |
| Amounts receivable within one year | 40/41 | €20,570 | €20,570 | = | 0.0% |
| Trade receivables | 40 | €20,570 | €20,570 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €53,457 | €24,738 | -€28,719 | -53.7% |
| Total equity and liabilities | 10/49 | €194,354 | €149,517 | -€44,837 | -23.1% |
| Equity | 10/15 | €75,834 | €69,200 | -€6,633 | -8.7% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €59,091 | €59,091 | = | 0.0% |
| Distributable reserves | 133 | €59,091 | €59,091 | = | 0.0% |
| Profit (loss) carried forward | 14 | €13,743 | €7,109 | -€6,633 | -48.3% |
| Amounts payable | 17/49 | €118,520 | €80,317 | -€38,203 | -32.2% |
| Amounts payable after more than one year | 17 | €37,602 | €27,422 | -€10,180 | -27.1% |
| Financial debts | 170/4 | €37,602 | €27,422 | -€10,180 | -27.1% |
| Amounts payable within one year | 42/48 | €80,713 | €52,107 | -€28,605 | -35.4% |
| Current portion of amounts payable after more than one year | 42 | €9,757 | €10,180 | +€423 | +4.3% |
| Trade debts | 44 | €418 | €11,200 | +€10,782 | +2579.0% |
| Suppliers | 440/4 | €418 | €11,200 | +€10,782 | +2579.0% |
| Taxes, remuneration and social security | 45 | €53,135 | €3,626 | -€49,509 | -93.2% |
| Taxes | 450/3 | €45,135 | €3,626 | -€41,509 | -92.0% |
| Remuneration and social security | 454/9 | €8,000 | €0 | -€8,000 | -100.0% |
| Other amounts payable | 47/48 | €17,402 | €27,101 | +€9,700 | +55.7% |
| Accrued charges and deferred income | 492/3 | €206 | €788 | +€582 | +282.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,611 | €16,117 | +€7,507 | +87.2% |
| Other operating charges | 640/8 | €670 | €694 | +€23 | +3.5% |
| Gross operating margin | 9900 | €29,097 | €12,902 | -€16,195 | -55.7% |
| Operating profit (loss) | 9901 | €19,816 | -€3,908 | -€23,725 | |
| Financial charges | 65/66B | €3,744 | €2,725 | -€1,020 | -27.2% |
| Recurring financial charges | 65 | €3,744 | €2,725 | -€1,020 | -27.2% |
| Profit (loss) for the period before taxes | 9903 | €16,072 | -€6,633 | -€22,705 | |
| Income taxes | 67/77 | €1,500 | €0 | -€1,500 | -100.0% |
| Profit (loss) for the period | 9904 | €14,572 | -€6,633 | -€21,206 | |
| Profit (loss) for the period to be appropriated | 9905 | €14,572 | -€6,633 | -€21,206 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.