MIVERA: 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.
What changed
MIVERA
NACE 82.990, Other business support services
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
-€26,769
2024 · €6,007-€32,777
Equity
€158,161
2024 · €184,930-€26,769
Cash
€32,423
2024 · €55,217-€22,795
Balance sheet total
€2.0m
2024 · €1.9m+€36,179
Largest movements
Assets
- Tangible fixed assets +€47,276
up €47,276 (+2.6%), from €1.8m to €1.9m
of which Land and buildings: +€48,338
- Cash -€22,795
down €22,795 (-41.3%), from €55,217 to €32,423
mainly Investment in fixed assets (net) (-€186,202) and Net result for the year (-€26,769)
Equity and liabilities
- Reserves -€26,769
down €26,769 (-16.1%), from €166,180 to €139,411
of which Distributable reserves: -€21,672
- Debts after one year +€20,865
up €20,865 (+1.8%), from €1.1m to €1.2m
Income statement
- Depreciation +€23,858
up €23,858 (+20.7%), from €115,068 to €138,926
- Financial charges +€5,823
up €5,823 (+15.0%), from €38,889 to €44,712
- Other operating charges +€2,337
up €2,337 (+22.0%), from €10,618 to €12,955
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.
Result 2024
€6,007
Gross operating margin
-€1,689
Depreciation
-€23,858
Other operating charges
-€2,337
Other operating items
+€900
Financial income
+€1
Financial charges
-€5,823
Taxes
+€29
Result 2025
-€26,769
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€136,539
Investment
-€186,202
Financing
+€26,868
Cash 2024
€55,217
From operations (derived)
+€136,539
Net result for the year
-€26,769
Depreciation
+€138,926
Receivables within one year
-€6,900
Deferred charges and accrued income
-€4,797
Provisions
-€1,699
Trade debts
+€18,565
Tax, wage and social debts
+€31
Other debts
+€17,738
Accrued charges and deferred income
+€1,445
Investment (derived)
-€186,202
Investment in fixed assets (net)
-€186,202
Financing
+€26,868
Debts after one year
+€20,865
Current portion of long-term debt
+€6,003
Cash 2025
€32,423
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,924,918 | €1,961,096 | +€36,179 | +1.9% |
| Fixed assets | 21/28 | €1,842,275 | €1,889,551 | +€47,276 | +2.6% |
| Tangible fixed assets | 22/27 | €1,842,275 | €1,889,551 | +€47,276 | +2.6% |
| Land and buildings | 22 | €1,833,251 | €1,881,590 | +€48,338 | +2.6% |
| Plant, machinery and equipment | 23 | €2,449 | €3,161 | +€712 | +29.1% |
| Furniture and vehicles | 24 | €6,575 | €4,800 | -€1,775 | -27.0% |
| Current assets | 29/58 | €82,643 | €71,546 | -€11,097 | -13.4% |
| Amounts receivable within one year | 40/41 | €17,447 | €24,347 | +€6,900 | +39.6% |
| Trade receivables | 40 | €13,818 | €21,792 | +€7,974 | +57.7% |
| Other amounts receivable | 41 | €3,629 | €2,555 | -€1,074 | -29.6% |
| Cash at bank and in hand | 54/58 | €55,217 | €32,423 | -€22,795 | -41.3% |
| Deferred charges and accrued income | 490/1 | €9,979 | €14,776 | +€4,797 | +48.1% |
| Total equity and liabilities | 10/49 | €1,924,918 | €1,961,096 | +€36,179 | +1.9% |
| Equity | 10/15 | €184,930 | €158,161 | -€26,769 | -14.5% |
| Contributions | 10/11 | €18,750 | €18,750 | = | 0.0% |
| Reserves | 13 | €166,180 | €139,411 | -€26,769 | -16.1% |
| Non-distributable reserves | 130/1 | €7,728 | €7,728 | = | 0.0% |
| Reserves not available under the articles | 1311 | €7,728 | €7,728 | = | 0.0% |
| Tax-exempt reserves | 132 | €62,100 | €57,003 | -€5,097 | -8.2% |
| Distributable reserves | 133 | €96,351 | €74,679 | -€21,672 | -22.5% |
| Provisions and deferred taxes | 16 | €20,700 | €19,001 | -€1,699 | -8.2% |
| Deferred taxes | 168 | €20,700 | €19,001 | -€1,699 | -8.2% |
| Amounts payable | 17/49 | €1,719,288 | €1,783,935 | +€64,647 | +3.8% |
| Amounts payable after more than one year | 17 | €1,135,025 | €1,155,890 | +€20,865 | +1.8% |
| Financial debts | 170/4 | €1,135,025 | €1,155,890 | +€20,865 | +1.8% |
| Amounts payable within one year | 42/48 | €562,495 | €604,832 | +€42,337 | +7.5% |
| Current portion of amounts payable after more than one year | 42 | €109,341 | €115,343 | +€6,003 | +5.5% |
| Trade debts | 44 | €9,149 | €27,714 | +€18,565 | +203% |
| Suppliers | 440/4 | €9,149 | €27,714 | +€18,565 | +203% |
| Taxes, remuneration and social security | 45 | €10,660 | €10,691 | +€31 | +0.3% |
| Taxes | 450/3 | €10,660 | €10,691 | +€31 | +0.3% |
| Other amounts payable | 47/48 | €433,345 | €451,083 | +€17,738 | +4.1% |
| Accrued charges and deferred income | 492/3 | €21,768 | €23,213 | +€1,445 | +6.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €115,068 | €138,926 | +€23,858 | +20.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €0 | - | = | |
| Other operating charges | 640/8 | €10,618 | €12,955 | +€2,337 | +22.0% |
| Non-recurring operating charges | 66A | €900 | €0 | -€900 | -100% |
| Gross operating margin | 9900 | €169,940 | €168,251 | -€1,689 | -1.0% |
| Operating profit (loss) | 9901 | €43,354 | €16,370 | -€26,983 | -62.2% |
| Financial income | 75/76B | €0 | €1 | +€1 | |
| Recurring financial income | 75 | €0 | €1 | +€1 | |
| Financial charges | 65/66B | €38,889 | €44,712 | +€5,823 | +15.0% |
| Recurring financial charges | 65 | €38,889 | €44,712 | +€5,823 | +15.0% |
| Profit (loss) for the period before taxes | 9903 | €4,465 | -€28,341 | -€32,806 | |
| Transfer from deferred taxes | 780 | €1,699 | €1,699 | = | 0.0% |
| Income taxes | 67/77 | €157 | €128 | -€29 | -18.5% |
| Profit (loss) for the period | 9904 | €6,007 | -€26,769 | -€32,777 | |
| Transfer from tax-exempt reserves | 789 | €5,097 | €5,097 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €11,105 | -€21,672 | -€32,777 |
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 23 October 2026 via checked.be.