MIYA.K: 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.
MIYA.K
Largest movements
- Receivables within one year -€125,794
down €125,794 (-23.9%), from €526,198 to €400,404
of which Other amounts receivable: -€119,420
- Cash -€115,330
down €115,330 (-83.0%), from €138,988 to €23,658
mainly Current portion of long-term debt (-€289,258) and Net result for the year (-€73,554)
- Tangible fixed assets -€47,414
down €47,414 (-5.0%), from €945,523 to €898,109
of which Land and buildings: -€40,451
- Intangible fixed assets -€26,459
down €26,459 (-33.3%), from €79,377 to €52,918
- Current portion of long-term debt -€289,258
down €289,258 (-79.2%), from €365,027 to €75,769
- Profit (loss) carried forward -€73,554
down €73,554 (-19.8%), from €371,092 to €297,538
- Debts after one year +€47,735
up €47,735 (+5.9%), from €803,375 to €851,109
of which Financial debts: +€47,735
- Tax, wage and social debts -€27,345
down €27,345 (-47.0%), from €58,228 to €30,884
- Short-term financial debts +€17,310
new in 2025: €17,310
- Gross operating margin -€109,011
down €109,011 (-80.2%), from €136,002 to €26,992
- Financial charges -€18,650
down €18,650 (-33.1%), from €56,370 to €37,719
- Depreciation -€5,003
down €5,003 (-6.3%), from €78,875 to €73,873
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.
Cash bridge derived
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 | €1,692,795 | €1,376,651 | -€316,144 | -18.7% |
| Fixed assets | 21/28 | €1,024,900 | €951,027 | -€73,873 | -7.2% |
| Intangible fixed assets | 21 | €79,377 | €52,918 | -€26,459 | -33.3% |
| Tangible fixed assets | 22/27 | €945,523 | €898,109 | -€47,414 | -5.0% |
| Land and buildings | 22 | €928,926 | €888,475 | -€40,451 | -4.4% |
| Furniture and vehicles | 24 | €9,729 | €7,746 | -€1,984 | -20.4% |
| Other tangible fixed assets | 26 | €6,868 | €1,889 | -€4,979 | -72.5% |
| Current assets | 29/58 | €667,895 | €425,623 | -€242,271 | -36.3% |
| Amounts receivable within one year | 40/41 | €526,198 | €400,404 | -€125,794 | -23.9% |
| Trade receivables | 40 | €96,255 | €89,882 | -€6,374 | -6.6% |
| Other amounts receivable | 41 | €429,943 | €310,522 | -€119,420 | -27.8% |
| Current investments | 50/53 | - | €505 | +€505 | |
| Cash at bank and in hand | 54/58 | €138,988 | €23,658 | -€115,330 | -83.0% |
| Deferred charges and accrued income | 490/1 | €2,709 | €1,056 | -€1,653 | -61.0% |
| Total equity and liabilities | 10/49 | €1,692,795 | €1,376,651 | -€316,144 | -18.7% |
| Equity | 10/15 | €438,742 | €365,188 | -€73,554 | -16.8% |
| Contributions | 10/11 | €61,500 | €61,500 | = | 0.0% |
| Capital | 10 | €61,500 | €61,500 | = | 0.0% |
| Issued capital | 100 | €61,500 | €61,500 | = | 0.0% |
| Reserves | 13 | €6,150 | €6,150 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,150 | €6,150 | = | 0.0% |
| Legal reserve | 130 | €6,150 | €6,150 | = | 0.0% |
| Profit (loss) carried forward | 14 | €371,092 | €297,538 | -€73,554 | -19.8% |
| Amounts payable | 17/49 | €1,254,053 | €1,011,463 | -€242,590 | -19.3% |
| Amounts payable after more than one year | 17 | €803,375 | €851,109 | +€47,735 | +5.9% |
| Financial debts | 170/4 | €802,675 | €850,409 | +€47,735 | +5.9% |
| Other amounts payable | 178/9 | €700 | €700 | = | 0.0% |
| Amounts payable within one year | 42/48 | €450,678 | €160,353 | -€290,325 | -64.4% |
| Current portion of amounts payable after more than one year | 42 | €365,027 | €75,769 | -€289,258 | -79.2% |
| Financial debts | 43 | - | €17,310 | +€17,310 | |
| Credit institutions | 430/8 | - | €17,310 | +€17,310 | |
| Trade debts | 44 | €27,423 | €22,128 | -€5,295 | -19.3% |
| Suppliers | 440/4 | €27,423 | €22,128 | -€5,295 | -19.3% |
| Taxes, remuneration and social security | 45 | €58,228 | €30,884 | -€27,345 | -47.0% |
| Taxes | 450/3 | €58,228 | €30,884 | -€27,345 | -47.0% |
| Other amounts payable | 47/48 | - | €14,263 | +€14,263 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €78,875 | €73,873 | -€5,003 | -6.3% |
| Other operating charges | 640/8 | €4,350 | €5,271 | +€921 | +21.2% |
| Gross operating margin | 9900 | €136,002 | €26,992 | -€109,011 | -80.2% |
| Operating profit (loss) | 9901 | €52,776 | -€52,153 | -€104,929 | |
| Financial income | 75/76B | €16,069 | €16,318 | +€250 | +1.6% |
| Recurring financial income | 75 | €16,069 | €16,318 | +€250 | +1.6% |
| Financial charges | 65/66B | €56,370 | €37,719 | -€18,650 | -33.1% |
| Recurring financial charges | 65 | €56,370 | €37,719 | -€18,650 | -33.1% |
| Profit (loss) for the period before taxes | 9903 | €12,475 | -€73,554 | -€86,029 | |
| Income taxes | 67/77 | €0 | €0 | +€0 | +46.2% |
| Profit (loss) for the period | 9904 | €12,475 | -€73,554 | -€86,029 | |
| Profit (loss) for the period to be appropriated | 9905 | €12,475 | -€73,554 | -€86,029 |
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 10 October 2026 via checked.be.