MIYOSHO: 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.
MIYOSHO
Largest movements
- Receivables within one year -€36,644
down €36,644 (-94.1%), from €38,949 to €2,305
of which Other amounts receivable: -€32,760
- Cash -€6,124
down €6,124 (-27.7%), from €22,068 to €15,945
mainly Contributions, distributions and other (-€38,670) and Tax, wage and social debts (-€5,308)
- Tangible fixed assets +€1,448
up €1,448 (+371%), from €390 to €1,838
- Deferred charges and accrued income -€1,015
no longer reported in 2025 (was €1,015)
- Profit (loss) carried forward -€36,860
down €36,860 (-80.3%), from €45,898 to €9,038
- Tax, wage and social debts -€5,308
down €5,308 (-86.2%), from €6,161 to €853
- Gross operating margin -€31,270
down €31,270 (-89.5%), from €34,937 to €3,667
- Taxes -€6,547
down €6,547 (-91.6%), from €7,150 to €603
- Financial income -€1,515
no longer reported in 2025 (was €1,515)
- Financial charges -€396
down €396 (-84.9%), from €466 to €70
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 | €62,422 | €20,088 | -€42,334 | -67.8% |
| Fixed assets | 21/28 | €390 | €1,838 | +€1,448 | +371% |
| Tangible fixed assets | 22/27 | €390 | €1,838 | +€1,448 | +371% |
| Plant, machinery and equipment | 23 | €390 | €1,838 | +€1,448 | +371% |
| Current assets | 29/58 | €62,032 | €18,250 | -€43,783 | -70.6% |
| Amounts receivable within one year | 40/41 | €38,949 | €2,305 | -€36,644 | -94.1% |
| Trade receivables | 40 | €5,245 | €1,361 | -€3,884 | -74.0% |
| Other amounts receivable | 41 | €33,704 | €944 | -€32,760 | -97.2% |
| Cash at bank and in hand | 54/58 | €22,068 | €15,945 | -€6,124 | -27.7% |
| Deferred charges and accrued income | 490/1 | €1,015 | - | -€1,015 | |
| Total equity and liabilities | 10/49 | €62,422 | €20,088 | -€42,334 | -67.8% |
| Equity | 10/15 | €55,898 | €19,038 | -€36,860 | -65.9% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €45,898 | €9,038 | -€36,860 | -80.3% |
| Amounts payable | 17/49 | €6,524 | €1,050 | -€5,474 | -83.9% |
| Amounts payable within one year | 42/48 | €6,458 | €983 | -€5,476 | -84.8% |
| Trade debts | 44 | €298 | €130 | -€168 | -56.3% |
| Suppliers | 440/4 | €298 | €130 | -€168 | -56.3% |
| Taxes, remuneration and social security | 45 | €6,161 | €853 | -€5,308 | -86.2% |
| Taxes | 450/3 | €6,161 | €853 | -€5,308 | -86.2% |
| Accrued charges and deferred income | 492/3 | €66 | €67 | +€1 | +2.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €467 | €664 | +€198 | +42.4% |
| Other operating charges | 640/8 | €832 | €520 | -€313 | -37.6% |
| Gross operating margin | 9900 | €34,937 | €3,667 | -€31,270 | -89.5% |
| Operating profit (loss) | 9901 | €33,638 | €2,484 | -€31,155 | -92.6% |
| Financial income | 75/76B | €1,515 | - | -€1,515 | |
| Recurring financial income | 75 | €1,515 | - | -€1,515 | |
| Financial charges | 65/66B | €466 | €70 | -€396 | -84.9% |
| Recurring financial charges | 65 | €466 | €70 | -€396 | -84.9% |
| Profit (loss) for the period before taxes | 9903 | €34,687 | €2,413 | -€32,274 | -93.0% |
| Income taxes | 67/77 | €7,150 | €603 | -€6,547 | -91.6% |
| Profit (loss) for the period | 9904 | €27,537 | €1,810 | -€25,727 | -93.4% |
| Profit (loss) for the period to be appropriated | 9905 | €27,537 | €1,810 | -€25,727 | -93.4% |
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 18 October 2026 via checked.be.