MIVERVA 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.
MIVERVA HOLDING
Largest movements
- Cash -€233,483
down €233,483 (-98.9%), from €236,113 to €2,630
mainly Stocks and contracts (-€152,609) and Receivables after one year (-€50,000)
- Stocks and contracts +€152,609
up €152,609 (+30.8%), from €494,775 to €647,384
- Receivables after one year +€50,000
up €50,000 (+9.1%), from €550,000 to €600,000
- Deferred charges and accrued income +€48,609
up €48,609 (+117%), from €41,522 to €90,132
- Receivables within one year +€45,365
up €45,365 (+4.1%), from €1.1m to €1.1m
of which Other amounts receivable: +€47,056
- Reserves +€35,664
up €35,664 (+2.5%), from €1.4m to €1.4m
of which Distributable reserves: +€35,664
- Financial income +€20,811
up €20,811 (+49.9%), from €41,728 to €62,539
- Taxes +€7,706
up €7,706 (+145%), from €5,299 to €13,005
- Gross operating margin +€4,299
up €4,299 (+44.3%), from -€9,704 to -€5,405
- Other operating charges +€739
up €739 (+16.6%), from €4,461 to €5,200
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 | €2,524,971 | €2,584,984 | +€60,013 | +2.4% |
| Fixed assets | 21/28 | €101,640 | €98,553 | -€3,088 | -3.0% |
| Tangible fixed assets | 22/27 | €66,872 | €63,785 | -€3,088 | -4.6% |
| Land and buildings | 22 | €65,611 | €62,839 | -€2,772 | -4.2% |
| Plant, machinery and equipment | 23 | €1,261 | €946 | -€315 | -25.0% |
| Financial fixed assets | 28 | €34,768 | €34,768 | = | 0.0% |
| Current assets | 29/58 | €2,423,330 | €2,486,431 | +€63,101 | +2.6% |
| Amounts receivable after more than one year | 29 | €550,000 | €600,000 | +€50,000 | +9.1% |
| Other amounts receivable | 291 | €550,000 | €600,000 | +€50,000 | +9.1% |
| Stocks and contracts in progress | 3 | €494,775 | €647,384 | +€152,609 | +30.8% |
| Stocks | 30/36 | €494,775 | €647,384 | +€152,609 | +30.8% |
| Amounts receivable within one year | 40/41 | €1,100,919 | €1,146,285 | +€45,365 | +4.1% |
| Trade receivables | 40 | €13,532 | €11,841 | -€1,691 | -12.5% |
| Other amounts receivable | 41 | €1,087,388 | €1,134,443 | +€47,056 | +4.3% |
| Cash at bank and in hand | 54/58 | €236,113 | €2,630 | -€233,483 | -98.9% |
| Deferred charges and accrued income | 490/1 | €41,522 | €90,132 | +€48,609 | +117% |
| Total equity and liabilities | 10/49 | €2,524,971 | €2,584,984 | +€60,013 | +2.4% |
| Equity | 10/15 | €2,516,374 | €2,552,038 | +€35,664 | +1.4% |
| Contributions | 10/11 | €1,105,000 | €1,105,000 | = | 0.0% |
| Capital | 10 | €1,105,000 | €1,105,000 | = | 0.0% |
| Issued capital | 100 | €1,105,000 | €1,105,000 | = | 0.0% |
| Reserves | 13 | €1,411,374 | €1,447,038 | +€35,664 | +2.5% |
| Non-distributable reserves | 130/1 | €110,500 | €110,500 | = | 0.0% |
| Legal reserve | 130 | €110,500 | €110,500 | = | 0.0% |
| Distributable reserves | 133 | €1,300,874 | €1,336,538 | +€35,664 | +2.7% |
| Amounts payable | 17/49 | €8,597 | €32,946 | +€24,349 | +283% |
| Amounts payable within one year | 42/48 | €8,597 | €32,946 | +€24,349 | +283% |
| Trade debts | 44 | €1,976 | €19,600 | +€17,624 | +892% |
| Suppliers | 440/4 | €1,976 | €19,600 | +€17,624 | +892% |
| Taxes, remuneration and social security | 45 | €5,299 | €13,346 | +€8,047 | +152% |
| Taxes | 450/3 | €5,299 | €13,346 | +€8,047 | +152% |
| Other amounts payable | 47/48 | €1,322 | €0 | -€1,322 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,088 | €3,088 | +€0 | 0.0% |
| Other operating charges | 640/8 | €4,461 | €5,200 | +€739 | +16.6% |
| Non-recurring operating charges | 66A | €4,950 | €0 | -€4,950 | -100% |
| Gross operating margin | 9900 | -€9,704 | -€5,405 | +€4,299 | +44.3% |
| Operating profit (loss) | 9901 | -€22,203 | -€13,692 | +€8,511 | +38.3% |
| Financial income | 75/76B | €41,728 | €62,539 | +€20,811 | +49.9% |
| Recurring financial income | 75 | €41,728 | €62,539 | +€20,811 | +49.9% |
| Financial charges | 65/66B | €126 | €178 | +€52 | +41.2% |
| Recurring financial charges | 65 | €126 | €178 | +€52 | +41.2% |
| Profit (loss) for the period before taxes | 9903 | €19,399 | €48,669 | +€29,270 | +151% |
| Income taxes | 67/77 | €5,299 | €13,005 | +€7,706 | +145% |
| Profit (loss) for the period | 9904 | €14,100 | €35,664 | +€21,564 | +153% |
| Profit (loss) for the period to be appropriated | 9905 | €14,100 | €35,664 | +€21,564 | +153% |
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 21 October 2026 via checked.be.