MIYAKI: 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.
MIYAKI
Largest movements
- Tangible fixed assets +€86,455
up €86,455 (+129%), from €66,964 to €153,419
of which Furniture and vehicles: +€104,530
- Cash -€38,468
down €38,468 (-83.6%), from €45,989 to €7,521
mainly Investment in fixed assets (net) (-€136,080) and Net result for the year (-€10,500)
- Debts after one year +€55,004
up €55,004 (+174%), from €31,664 to €86,667
- Current portion of long-term debt +€20,823
up €20,823 (+134%), from €15,510 to €36,333
- Profit (loss) carried forward -€10,500
down €10,500 (-28.3%), from -€37,048 to -€47,548
- Trade debts -€9,955
down €9,955 (-93.5%), from €10,652 to €697
- Other debts -€3,900
down €3,900 (-56.6%), from €6,885 to €2,985
- Gross operating margin +€37,863
up €37,863 (+30.0%), from €126,139 to €164,002
- Depreciation +€22,414
up €22,414 (+82.4%), from €27,210 to €49,624
- Staff costs +€21,007
up €21,007 (+23.5%), from €89,540 to €110,547
- Taxes -€8,419
down €8,419 (-94.5%), from €8,911 to €492
- Other operating charges +€5,238
up €5,238 (+225%), from €2,329 to €7,568
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 | €117,547 | €166,287 | +€48,739 | +41.5% |
| Fixed assets | 21/28 | €66,964 | €153,419 | +€86,455 | +129% |
| Tangible fixed assets | 22/27 | €66,964 | €153,419 | +€86,455 | +129% |
| Plant, machinery and equipment | 23 | €8,255 | €7,454 | -€801 | -9.7% |
| Furniture and vehicles | 24 | - | €104,530 | +€104,530 | |
| Other tangible fixed assets | 26 | €58,709 | €41,435 | -€17,274 | -29.4% |
| Current assets | 29/58 | €50,583 | €12,868 | -€37,716 | -74.6% |
| Stocks and contracts in progress | 3 | €1,416 | €1,704 | +€288 | +20.3% |
| Stocks | 30/36 | €1,416 | €1,704 | +€288 | +20.3% |
| Amounts receivable within one year | 40/41 | €3,178 | €3,642 | +€464 | +14.6% |
| Trade receivables | 40 | - | €1,616 | +€1,616 | |
| Other amounts receivable | 41 | €3,178 | €2,026 | -€1,152 | -36.2% |
| Cash at bank and in hand | 54/58 | €45,989 | €7,521 | -€38,468 | -83.6% |
| Total equity and liabilities | 10/49 | €117,547 | €166,287 | +€48,739 | +41.5% |
| Equity | 10/15 | €42,785 | €32,286 | -€10,500 | -24.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €61,233 | €61,233 | = | 0.0% |
| Non-distributable reserves | 130/1 | €90 | €90 | = | 0.0% |
| Reserves not available under the articles | 1311 | €90 | €90 | = | 0.0% |
| Distributable reserves | 133 | €61,143 | €61,143 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€37,048 | -€47,548 | -€10,500 | -28.3% |
| Amounts payable | 17/49 | €74,762 | €134,001 | +€59,239 | +79.2% |
| Amounts payable after more than one year | 17 | €31,664 | €86,667 | +€55,004 | +174% |
| Financial debts | 170/4 | €31,664 | €86,667 | +€55,004 | +174% |
| Amounts payable within one year | 42/48 | €43,098 | €47,334 | +€4,235 | +9.8% |
| Current portion of amounts payable after more than one year | 42 | €15,510 | €36,333 | +€20,823 | +134% |
| Trade debts | 44 | €10,652 | €697 | -€9,955 | -93.5% |
| Suppliers | 440/4 | €10,652 | €697 | -€9,955 | -93.5% |
| Taxes, remuneration and social security | 45 | €10,052 | €7,319 | -€2,733 | -27.2% |
| Taxes | 450/3 | €4,457 | €760 | -€3,696 | -82.9% |
| Remuneration and social security | 454/9 | €5,595 | €6,558 | +€963 | +17.2% |
| Other amounts payable | 47/48 | €6,885 | €2,985 | -€3,900 | -56.6% |
| Remuneration, social security and pensions | 62 | €89,540 | €110,547 | +€21,007 | +23.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €27,210 | €49,624 | +€22,414 | +82.4% |
| Other operating charges | 640/8 | €2,329 | €7,568 | +€5,238 | +225% |
| Gross operating margin | 9900 | €126,139 | €164,002 | +€37,863 | +30.0% |
| Operating profit (loss) | 9901 | €7,060 | -€3,737 | -€10,797 | |
| Financial income | 75/76B | - | €93 | +€93 | |
| Recurring financial income | 75 | - | €93 | +€93 | |
| Financial charges | 65/66B | €2,607 | €6,364 | +€3,757 | +144% |
| Recurring financial charges | 65 | €2,607 | €6,364 | +€3,757 | +144% |
| Profit (loss) for the period before taxes | 9903 | €4,453 | -€10,008 | -€14,461 | |
| Income taxes | 67/77 | €8,911 | €492 | -€8,419 | -94.5% |
| Profit (loss) for the period | 9904 | -€4,458 | -€10,500 | -€6,042 | -136% |
| Profit (loss) for the period to be appropriated | 9905 | -€4,458 | -€10,500 | -€6,042 | -136% |
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 17 October 2026 via checked.be.