MIYAD: 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.
MIYAD
Largest movements
- Receivables within one year +€77,241
up €77,241 (+1204.0%), from €6,415 to €83,657
of which Trade receivables: +€77,264
- Stocks and contracts +€25,851
up €25,851 (+46.7%), from €55,339 to €81,190
- Tangible fixed assets +€5,000
up €5,000 (+253.7%), from €1,971 to €6,970
of which Furniture and vehicles: +€5,503
- Cash -€3,036
down €3,036 (-38.6%), from €7,873 to €4,837
mainly Receivables within one year (-€77,241) and Stocks and contracts (-€25,851)
- Trade debts +€69,459
up €69,459 (+1999.4%), from €3,474 to €72,933
- Other debts +€33,988
up €33,988 (+168.0%), from €20,231 to €54,219
- Tax, wage and social debts +€8,909
up €8,909 (+33.2%), from €26,820 to €35,729
of which Remuneration and social security: +€5,828
- Profit (loss) carried forward -€6,867
down €6,867 (-48.8%), from €14,073 to €7,206
- Gross operating margin -€14,465
down €14,465 (-17.3%), from €83,689 to €69,224
- Staff costs +€5,311
up €5,311 (+8.3%), from €64,336 to €69,646
- Taxes -€3,623
no longer reported in 2025 (was €3,623)
- Financial charges +€2,896
up €2,896 (+944.5%), from €307 to €3,202
- Depreciation +€955
up €955 (+175.3%), from €545 to €1,500
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 | €71,598 | €177,087 | +€105,489 | +147.3% |
| Fixed assets | 21/28 | €1,971 | €6,970 | +€5,000 | +253.7% |
| Tangible fixed assets | 22/27 | €1,971 | €6,970 | +€5,000 | +253.7% |
| Plant, machinery and equipment | 23 | €1,550 | €1,154 | -€396 | -25.5% |
| Furniture and vehicles | 24 | - | €5,503 | +€5,503 | |
| Other tangible fixed assets | 26 | €421 | €314 | -€108 | -25.5% |
| Current assets | 29/58 | €69,627 | €170,117 | +€100,489 | +144.3% |
| Stocks and contracts in progress | 3 | €55,339 | €81,190 | +€25,851 | +46.7% |
| Stocks | 30/36 | €55,339 | €81,190 | +€25,851 | +46.7% |
| Amounts receivable within one year | 40/41 | €6,415 | €83,657 | +€77,241 | +1204.0% |
| Trade receivables | 40 | €6,393 | €83,657 | +€77,264 | +1208.6% |
| Other amounts receivable | 41 | €23 | - | -€23 | |
| Cash at bank and in hand | 54/58 | €7,873 | €4,837 | -€3,036 | -38.6% |
| Deferred charges and accrued income | 490/1 | - | €433 | +€433 | |
| Total equity and liabilities | 10/49 | €71,598 | €177,087 | +€105,489 | +147.3% |
| Equity | 10/15 | €21,073 | €14,206 | -€6,867 | -32.6% |
| Contributions | 10/11 | €7,000 | €7,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €14,073 | €7,206 | -€6,867 | -48.8% |
| Amounts payable | 17/49 | €50,525 | €162,881 | +€112,356 | +222.4% |
| Amounts payable within one year | 42/48 | €50,525 | €162,881 | +€112,356 | +222.4% |
| Trade debts | 44 | €3,474 | €72,933 | +€69,459 | +1999.4% |
| Suppliers | 440/4 | €3,474 | €72,933 | +€69,459 | +1999.4% |
| Taxes, remuneration and social security | 45 | €26,820 | €35,729 | +€8,909 | +33.2% |
| Taxes | 450/3 | €9,944 | €13,025 | +€3,081 | +31.0% |
| Remuneration and social security | 454/9 | €16,876 | €22,704 | +€5,828 | +34.5% |
| Other amounts payable | 47/48 | €20,231 | €54,219 | +€33,988 | +168.0% |
| Remuneration, social security and pensions | 62 | €64,336 | €69,646 | +€5,311 | +8.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €545 | €1,500 | +€955 | +175.3% |
| Other operating charges | 640/8 | €805 | €1,743 | +€938 | +116.4% |
| Gross operating margin | 9900 | €83,689 | €69,224 | -€14,465 | -17.3% |
| Operating profit (loss) | 9901 | €18,003 | -€3,666 | -€21,669 | |
| Financial income | 75/76B | €0 | €1 | +€1 | +389.5% |
| Recurring financial income | 75 | €0 | €1 | +€1 | +389.5% |
| Financial charges | 65/66B | €307 | €3,202 | +€2,896 | +944.5% |
| Recurring financial charges | 65 | €307 | €3,202 | +€2,896 | +944.5% |
| Profit (loss) for the period before taxes | 9903 | €17,697 | -€6,867 | -€24,564 | |
| Income taxes | 67/77 | €3,623 | - | -€3,623 | |
| Profit (loss) for the period | 9904 | €14,073 | -€6,867 | -€20,941 | |
| Profit (loss) for the period to be appropriated | 9905 | €14,073 | -€6,867 | -€20,941 |
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 9 October 2026 via checked.be.