MISERY CO: 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.
MISERY CO
Largest movements
- Tangible fixed assets -€49,263
down €49,263 (-20.3%), from €242,096 to €192,833
of which Plant, machinery and equipment: -€26,476
- Receivables within one year -€14,703
down €14,703 (-73.2%), from €20,077 to €5,373
of which Trade receivables: -€14,791
- Cash +€9,026
up €9,026 (+85.1%), from €10,607 to €19,633
mainly Depreciation (+€50,385) and Receivables within one year (+€14,703)
- Stocks and contracts -€3,850
down €3,850 (-5.3%), from €71,990 to €68,141
- Current portion of long-term debt -€24,589
down €24,589 (-54.3%), from €45,263 to €20,675
- Debts after one year -€20,675
down €20,675 (-19.6%), from €105,706 to €85,032
of which Financial debts: -€20,675
- Trade debts -€8,725
down €8,725 (-39.3%), from €22,188 to €13,463
- Other debts -€7,421
down €7,421 (-10.0%), from €74,495 to €67,074
- Gross operating margin +€11,268
up €11,268 (+7.2%), from €157,076 to €168,344
- Staff costs +€4,767
up €4,767 (+5.1%), from €93,544 to €98,311
- Depreciation -€2,743
down €2,743 (-5.2%), from €53,128 to €50,385
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 | €356,412 | €294,833 | -€61,579 | -17.3% |
| Formation expenses | 20 | €5,049 | €3,927 | -€1,122 | -22.2% |
| Fixed assets | 21/28 | €243,026 | €193,583 | -€49,443 | -20.3% |
| Tangible fixed assets | 22/27 | €242,096 | €192,833 | -€49,263 | -20.3% |
| Plant, machinery and equipment | 23 | €136,034 | €109,558 | -€26,476 | -19.5% |
| Furniture and vehicles | 24 | €10,281 | €2,761 | -€7,520 | -73.1% |
| Other tangible fixed assets | 26 | €95,781 | €80,513 | -€15,268 | -15.9% |
| Financial fixed assets | 28 | €930 | €750 | -€180 | -19.4% |
| Current assets | 29/58 | €108,337 | €97,324 | -€11,013 | -10.2% |
| Stocks and contracts in progress | 3 | €71,990 | €68,141 | -€3,850 | -5.3% |
| Stocks | 30/36 | €71,990 | €68,141 | -€3,850 | -5.3% |
| Amounts receivable within one year | 40/41 | €20,077 | €5,373 | -€14,703 | -73.2% |
| Trade receivables | 40 | €16,147 | €1,356 | -€14,791 | -91.6% |
| Other amounts receivable | 41 | €3,930 | €4,017 | +€88 | +2.2% |
| Cash at bank and in hand | 54/58 | €10,607 | €19,633 | +€9,026 | +85.1% |
| Deferred charges and accrued income | 490/1 | €5,662 | €4,177 | -€1,486 | -26.2% |
| Total equity and liabilities | 10/49 | €356,412 | €294,833 | -€61,579 | -17.3% |
| Equity | 10/15 | €32,807 | €35,396 | +€2,589 | +7.9% |
| Contributions | 10/11 | €90,000 | €90,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€57,193 | -€54,604 | +€2,589 | +4.5% |
| Amounts payable | 17/49 | €323,605 | €259,438 | -€64,167 | -19.8% |
| Amounts payable after more than one year | 17 | €105,706 | €85,032 | -€20,675 | -19.6% |
| Financial debts | 170/4 | €95,706 | €75,032 | -€20,675 | -21.6% |
| Other amounts payable | 178/9 | €10,000 | €10,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €217,899 | €174,406 | -€43,493 | -20.0% |
| Current portion of amounts payable after more than one year | 42 | €45,263 | €20,675 | -€24,589 | -54.3% |
| Financial debts | 43 | €54,000 | €54,000 | = | 0.0% |
| Credit institutions | 430/8 | €54,000 | €54,000 | = | 0.0% |
| Trade debts | 44 | €22,188 | €13,463 | -€8,725 | -39.3% |
| Suppliers | 440/4 | €22,188 | €13,463 | -€8,725 | -39.3% |
| Advances received on contracts in progress | 46 | €1,222 | €0 | -€1,222 | -100% |
| Taxes, remuneration and social security | 45 | €20,731 | €19,195 | -€1,536 | -7.4% |
| Taxes | 450/3 | €4,425 | €11,089 | +€6,664 | +151% |
| Remuneration and social security | 454/9 | €16,306 | €8,106 | -€8,200 | -50.3% |
| Other amounts payable | 47/48 | €74,495 | €67,074 | -€7,421 | -10.0% |
| Remuneration, social security and pensions | 62 | €93,544 | €98,311 | +€4,767 | +5.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €53,128 | €50,385 | -€2,743 | -5.2% |
| Other operating charges | 640/8 | €10,232 | €9,819 | -€413 | -4.0% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €157,076 | €168,344 | +€11,268 | +7.2% |
| Operating profit (loss) | 9901 | €171 | €9,828 | +€9,657 | +5,638% |
| Financial income | 75/76B | €58 | €47 | -€11 | -18.4% |
| Recurring financial income | 75 | €58 | €47 | -€11 | -18.4% |
| Financial charges | 65/66B | €8,783 | €7,286 | -€1,497 | -17.0% |
| Recurring financial charges | 65 | €8,783 | €7,286 | -€1,497 | -17.0% |
| Profit (loss) for the period before taxes | 9903 | -€8,554 | €2,589 | +€11,143 | |
| Profit (loss) for the period | 9904 | -€8,554 | €2,589 | +€11,143 | |
| Profit (loss) for the period to be appropriated | 9905 | -€8,554 | €2,589 | +€11,143 |
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 15 October 2026 via checked.be.