MISÉRA - BLÉ: 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.
MISÉRA - BLÉ
Largest movements
- Receivables within one year +€22,740
up €22,740 (+65.3%), from €34,843 to €57,583
- Cash -€4,211
down €4,211 (-18.0%), from €23,405 to €19,194
mainly Receivables within one year (-€22,740) and Investment in fixed assets (net) (-€7,730)
- Stocks and contracts +€2,625
up €2,625 (+37.4%), from €7,023 to €9,648
- Tangible fixed assets +€1,437
up €1,437 (+10.0%), from €14,365 to €15,802
of which Plant, machinery and equipment: +€2,711
- Reserves +€23,748
up €23,748 (+51.0%), from €46,551 to €70,299
of which Distributable reserves: +€23,748
- Trade debts -€3,965
down €3,965 (-16.8%), from €23,654 to €19,689
- Tax, wage and social debts +€1,704
up €1,704 (+14.2%), from €11,971 to €13,675
- Financial income +€7,858
up €7,858 (+467%), from €1,682 to €9,540
- Other operating charges -€5,099
down €5,099 (-83.8%), from €6,087 to €988
- Gross operating margin -€2,966
down €2,966 (-7.5%), from €39,417 to €36,451
- Depreciation +€2,286
up €2,286 (+52.2%), from €4,378 to €6,664
- Taxes +€1,428
up €1,428 (+13.3%), from €10,712 to €12,140
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.
Derived cash bridge
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 | €83,176 | €104,663 | +€21,487 | +25.8% |
| Formation expenses | 20 | €971 | €700 | -€271 | -27.9% |
| Fixed assets | 21/28 | €15,265 | €16,602 | +€1,337 | +8.8% |
| Intangible fixed assets | 21 | €900 | €800 | -€100 | -11.1% |
| Tangible fixed assets | 22/27 | €14,365 | €15,802 | +€1,437 | +10.0% |
| Plant, machinery and equipment | 23 | €4,857 | €7,568 | +€2,711 | +55.8% |
| Furniture and vehicles | 24 | €9,508 | €8,234 | -€1,274 | -13.4% |
| Current assets | 29/58 | €66,940 | €87,361 | +€20,421 | +30.5% |
| Stocks and contracts in progress | 3 | €7,023 | €9,648 | +€2,625 | +37.4% |
| Stocks | 30/36 | €7,023 | €9,648 | +€2,625 | +37.4% |
| Amounts receivable within one year | 40/41 | €34,843 | €57,583 | +€22,740 | +65.3% |
| Other amounts receivable | 41 | €34,843 | €57,583 | +€22,740 | +65.3% |
| Cash at bank and in hand | 54/58 | €23,405 | €19,194 | -€4,211 | -18.0% |
| Deferred charges and accrued income | 490/1 | €1,669 | €936 | -€733 | -43.9% |
| Total equity and liabilities | 10/49 | €83,176 | €104,663 | +€21,487 | +25.8% |
| Equity | 10/15 | €47,551 | €71,299 | +€23,748 | +49.9% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €46,551 | €70,299 | +€23,748 | +51.0% |
| Non-distributable reserves | 130/1 | €100 | €100 | = | 0.0% |
| Reserves not available under the articles | 1311 | €100 | €100 | = | 0.0% |
| Distributable reserves | 133 | €46,451 | €70,199 | +€23,748 | +51.1% |
| Amounts payable | 17/49 | €35,625 | €33,364 | -€2,261 | -6.3% |
| Amounts payable within one year | 42/48 | €35,625 | €33,364 | -€2,261 | -6.3% |
| Trade debts | 44 | €23,654 | €19,689 | -€3,965 | -16.8% |
| Suppliers | 440/4 | €23,654 | €19,689 | -€3,965 | -16.8% |
| Taxes, remuneration and social security | 45 | €11,971 | €13,675 | +€1,704 | +14.2% |
| Taxes | 450/3 | €11,971 | €13,675 | +€1,704 | +14.2% |
| Remuneration, social security and pensions | 62 | €708 | - | -€708 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,378 | €6,664 | +€2,286 | +52.2% |
| Other operating charges | 640/8 | €6,087 | €988 | -€5,099 | -83.8% |
| Gross operating margin | 9900 | €39,417 | €36,451 | -€2,966 | -7.5% |
| Operating profit (loss) | 9901 | €28,244 | €28,799 | +€555 | +2.0% |
| Financial income | 75/76B | €1,682 | €9,540 | +€7,858 | +467% |
| Recurring financial income | 75 | €1,682 | €9,540 | +€7,858 | +467% |
| Financial charges | 65/66B | €1,461 | €2,451 | +€990 | +67.8% |
| Recurring financial charges | 65 | €1,461 | €2,451 | +€990 | +67.8% |
| Profit (loss) for the period before taxes | 9903 | €28,465 | €35,888 | +€7,423 | +26.1% |
| Income taxes | 67/77 | €10,712 | €12,140 | +€1,428 | +13.3% |
| Profit (loss) for the period | 9904 | €17,753 | €23,748 | +€5,995 | +33.8% |
| Profit (loss) for the period to be appropriated | 9905 | €17,753 | €23,748 | +€5,995 | +33.8% |
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 1 November 2026 via checked.be.