Misera: 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.
Misera
Largest movements
- Receivables within one year +€84,016
up €84,016 (+301.9%), from €27,833 to €111,850
of which Trade receivables: +€66,812
- Stocks and contracts +€46,635
up €46,635 (+39.1%), from €119,365 to €166,000
- Deferred charges and accrued income +€26,628
up €26,628 (+297.4%), from €8,954 to €35,583
- Cash -€18,941
down €18,941 (-63.6%), from €29,775 to €10,834
mainly Receivables within one year (-€84,016) and Investment in fixed assets (net) (-€71,375)
- Tangible fixed assets +€13,144
up €13,144 (+4.4%), from €297,579 to €310,722
of which Other tangible fixed assets: +€14,255
- Trade debts +€56,773
up €56,773 (+45.4%), from €125,000 to €181,773
- Other debts +€49,888
new in 2025: €49,888
- Debts after one year +€30,089
up €30,089 (+17.6%), from €171,170 to €201,258
- Current portion of long-term debt +€18,322
up €18,322 (+34.3%), from €53,366 to €71,687
- Tax, wage and social debts -€15,265
down €15,265 (-17.2%), from €88,606 to €73,341
of which Taxes: -€12,310
- Staff costs +€16,399
up €16,399 (+4.8%), from €344,117 to €360,516
- Depreciation +€10,960
up €10,960 (+22.0%), from €49,866 to €60,826
- Taxes -€5,998
down €5,998 (-42.4%), from €14,136 to €8,137
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 | €566,757 | €715,645 | +€148,888 | +26.3% |
| Fixed assets | 21/28 | €323,329 | €333,879 | +€10,549 | +3.3% |
| Intangible fixed assets | 21 | €9,851 | €7,256 | -€2,594 | -26.3% |
| Tangible fixed assets | 22/27 | €297,579 | €310,722 | +€13,144 | +4.4% |
| Plant, machinery and equipment | 23 | €160,121 | €152,942 | -€7,179 | -4.5% |
| Furniture and vehicles | 24 | €110,570 | €116,636 | +€6,067 | +5.5% |
| Other tangible fixed assets | 26 | €26,888 | €41,144 | +€14,255 | +53.0% |
| Financial fixed assets | 28 | €15,900 | €15,900 | = | 0.0% |
| Current assets | 29/58 | €243,428 | €381,767 | +€138,339 | +56.8% |
| Amounts receivable after more than one year | 29 | €57,500 | €57,500 | = | 0.0% |
| Other amounts receivable | 291 | €57,500 | €57,500 | = | 0.0% |
| Stocks and contracts in progress | 3 | €119,365 | €166,000 | +€46,635 | +39.1% |
| Stocks | 30/36 | €119,365 | €166,000 | +€46,635 | +39.1% |
| Amounts receivable within one year | 40/41 | €27,833 | €111,850 | +€84,016 | +301.9% |
| Trade receivables | 40 | €13,503 | €80,314 | +€66,812 | +494.8% |
| Other amounts receivable | 41 | €14,330 | €31,535 | +€17,205 | +120.1% |
| Cash at bank and in hand | 54/58 | €29,775 | €10,834 | -€18,941 | -63.6% |
| Deferred charges and accrued income | 490/1 | €8,954 | €35,583 | +€26,628 | +297.4% |
| Total equity and liabilities | 10/49 | €566,757 | €715,645 | +€148,888 | +26.3% |
| Equity | 10/15 | €81,391 | €88,542 | +€7,151 | +8.8% |
| Contributions | 10/11 | €7,000 | €7,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €74,391 | €81,542 | +€7,151 | +9.6% |
| Amounts payable | 17/49 | €485,366 | €627,103 | +€141,737 | +29.2% |
| Amounts payable after more than one year | 17 | €171,170 | €201,258 | +€30,089 | +17.6% |
| Financial debts | 170/4 | €171,170 | €201,258 | +€30,089 | +17.6% |
| Amounts payable within one year | 42/48 | €266,971 | €376,690 | +€109,718 | +41.1% |
| Current portion of amounts payable after more than one year | 42 | €53,366 | €71,687 | +€18,322 | +34.3% |
| Trade debts | 44 | €125,000 | €181,773 | +€56,773 | +45.4% |
| Suppliers | 440/4 | €125,000 | €181,773 | +€56,773 | +45.4% |
| Taxes, remuneration and social security | 45 | €88,606 | €73,341 | -€15,265 | -17.2% |
| Taxes | 450/3 | €37,424 | €25,114 | -€12,310 | -32.9% |
| Remuneration and social security | 454/9 | €51,182 | €48,228 | -€2,955 | -5.8% |
| Other amounts payable | 47/48 | - | €49,888 | +€49,888 | |
| Accrued charges and deferred income | 492/3 | €47,225 | €49,155 | +€1,930 | +4.1% |
| Remuneration, social security and pensions | 62 | €344,117 | €360,516 | +€16,399 | +4.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €49,866 | €60,826 | +€10,960 | +22.0% |
| Other operating charges | 640/8 | €6,934 | €5,596 | -€1,338 | -19.3% |
| Gross operating margin | 9900 | €464,390 | €461,928 | -€2,462 | -0.5% |
| Operating profit (loss) | 9901 | €63,473 | €34,990 | -€28,483 | -44.9% |
| Financial income | 75/76B | €2,333 | €3,167 | +€833 | +35.7% |
| Recurring financial income | 75 | €2,333 | €3,167 | +€833 | +35.7% |
| Financial charges | 65/66B | €23,474 | €22,869 | -€605 | -2.6% |
| Recurring financial charges | 65 | €23,474 | €22,869 | -€605 | -2.6% |
| Profit (loss) for the period before taxes | 9903 | €42,333 | €15,288 | -€27,044 | -63.9% |
| Income taxes | 67/77 | €14,136 | €8,137 | -€5,998 | -42.4% |
| Profit (loss) for the period | 9904 | €28,197 | €7,151 | -€21,046 | -74.6% |
| Profit (loss) for the period to be appropriated | 9905 | €28,197 | €7,151 | -€21,046 | -74.6% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 12 October 2026 via checked.be.