Miski Holding: 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.
Miski Holding
Largest movements
- Cash +€44,370
up €44,370 (+254%), from €17,460 to €61,830
mainly Net result for the year (+€73,860) and Tax, wage and social debts (+€22,750)
- Tangible fixed assets +€33,846
new in 2025: €33,846
- Profit (loss) carried forward +€73,860
up €73,860 (+572%), from €12,923 to €86,783
- Advances received -€37,384
no longer reported in 2025 (was €37,384)
- Tax, wage and social debts +€22,750
up €22,750 (+704%), from €3,230 to €25,980
- Trade debts +€20,767
up €20,767 (+69.2%), from €30,000 to €50,767
- Gross operating margin +€79,087
up €79,087 (+490%), from €16,153 to €95,240
- Taxes +€15,511
up €15,511 (+480%), from €3,230 to €18,741
- Depreciation +€1,921
new in 2025: €1,921
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 | €86,037 | €166,029 | +€79,992 | +93.0% |
| Fixed assets | 21/28 | - | €33,846 | +€33,846 | |
| Tangible fixed assets | 22/27 | - | €33,846 | +€33,846 | |
| Furniture and vehicles | 24 | - | €33,846 | +€33,846 | |
| Current assets | 29/58 | €86,037 | €132,183 | +€46,146 | +53.6% |
| Amounts receivable within one year | 40/41 | €68,578 | €69,270 | +€693 | +1.0% |
| Trade receivables | 40 | €65,538 | €56,230 | -€9,307 | -14.2% |
| Other amounts receivable | 41 | €3,040 | €13,040 | +€10,000 | +329% |
| Cash at bank and in hand | 54/58 | €17,460 | €61,830 | +€44,370 | +254% |
| Deferred charges and accrued income | 490/1 | - | €1,083 | +€1,083 | |
| Total equity and liabilities | 10/49 | €86,037 | €166,029 | +€79,992 | +93.0% |
| Equity | 10/15 | €15,423 | €89,283 | +€73,860 | +479% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Capital | 10 | €2,500 | €2,500 | = | 0.0% |
| Issued capital | 100 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €12,923 | €86,783 | +€73,860 | +572% |
| Amounts payable | 17/49 | €70,614 | €76,747 | +€6,132 | +8.7% |
| Amounts payable within one year | 42/48 | €70,614 | €76,747 | +€6,132 | +8.7% |
| Trade debts | 44 | €30,000 | €50,767 | +€20,767 | +69.2% |
| Suppliers | 440/4 | €30,000 | €50,767 | +€20,767 | +69.2% |
| Advances received on contracts in progress | 46 | €37,384 | - | -€37,384 | |
| Taxes, remuneration and social security | 45 | €3,230 | €25,980 | +€22,750 | +704% |
| Taxes | 450/3 | €3,230 | €25,980 | +€22,750 | +704% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €1,921 | +€1,921 | |
| Other operating charges | 640/8 | - | €706 | +€706 | |
| Gross operating margin | 9900 | €16,153 | €95,240 | +€79,087 | +490% |
| Operating profit (loss) | 9901 | €16,153 | €92,613 | +€76,460 | +473% |
| Financial charges | 65/66B | - | €13 | +€13 | |
| Recurring financial charges | 65 | - | €13 | +€13 | |
| Profit (loss) for the period before taxes | 9903 | €16,153 | €92,600 | +€76,447 | +473% |
| Income taxes | 67/77 | €3,230 | €18,741 | +€15,511 | +480% |
| Profit (loss) for the period | 9904 | €12,923 | €73,860 | +€60,936 | +472% |
| Profit (loss) for the period to be appropriated | 9905 | €12,923 | €73,860 | +€60,936 | +472% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 25 October 2026 via checked.be.