MIYUN: 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.
MIYUN
Largest movements
- Tangible fixed assets -€17,925
down €17,925 (-17.3%), from €103,907 to €85,982
of which Other tangible fixed assets: -€12,313
- Receivables within one year +€7,757
up €7,757 (+38.1%), from €20,336 to €28,093
of which Trade receivables: +€4,703
- Cash +€3,037
up €3,037 (+22.9%), from €13,261 to €16,297
mainly Depreciation (+€17,925) and Net result for the year (+€7,048)
- Debts after one year -€26,866
down €26,866 (-56.9%), from €47,238 to €20,372
- Profit (loss) carried forward +€7,048
up €7,048 (+21.9%), from -€32,157 to -€25,109
- Other debts +€5,342
up €5,342 (+29.4%), from €18,180 to €23,522
- Accrued charges and deferred income +€5,153
new in 2025: €5,153
- Trade debts +€3,223
up €3,223 (+80.7%), from €3,995 to €7,218
- Gross operating margin +€13,568
up €13,568 (+27.1%), from €50,123 to €63,691
- Depreciation -€1,908
down €1,908 (-9.6%), from €19,834 to €17,925
- Staff costs -€1,737
down €1,737 (-5.0%), from €35,069 to €33,332
- Financial charges -€734
down €734 (-13.1%), from €5,617 to €4,883
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 | €143,690 | €137,065 | -€6,625 | -4.6% |
| Fixed assets | 21/28 | €103,907 | €85,982 | -€17,925 | -17.3% |
| Tangible fixed assets | 22/27 | €103,907 | €85,982 | -€17,925 | -17.3% |
| Plant, machinery and equipment | 23 | €681 | €222 | -€459 | -67.4% |
| Furniture and vehicles | 24 | €14,039 | €8,886 | -€5,153 | -36.7% |
| Other tangible fixed assets | 26 | €89,187 | €76,874 | -€12,313 | -13.8% |
| Current assets | 29/58 | €39,783 | €51,083 | +€11,300 | +28.4% |
| Stocks and contracts in progress | 3 | €5,498 | €6,021 | +€523 | +9.5% |
| Stocks | 30/36 | €5,498 | €6,021 | +€523 | +9.5% |
| Amounts receivable within one year | 40/41 | €20,336 | €28,093 | +€7,757 | +38.1% |
| Trade receivables | 40 | €11,372 | €16,074 | +€4,703 | +41.4% |
| Other amounts receivable | 41 | €8,964 | €12,018 | +€3,054 | +34.1% |
| Cash at bank and in hand | 54/58 | €13,261 | €16,297 | +€3,037 | +22.9% |
| Deferred charges and accrued income | 490/1 | €688 | €671 | -€16 | -2.4% |
| Total equity and liabilities | 10/49 | €143,690 | €137,065 | -€6,625 | -4.6% |
| Equity | 10/15 | €25,903 | €32,951 | +€7,048 | +27.2% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €51,860 | €51,860 | = | 0.0% |
| Distributable reserves | 133 | €51,860 | €51,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€32,157 | -€25,109 | +€7,048 | +21.9% |
| Amounts payable | 17/49 | €117,787 | €104,114 | -€13,673 | -11.6% |
| Amounts payable after more than one year | 17 | €47,238 | €20,372 | -€26,866 | -56.9% |
| Financial debts | 170/4 | €47,238 | €20,372 | -€26,866 | -56.9% |
| Amounts payable within one year | 42/48 | €70,549 | €78,589 | +€8,040 | +11.4% |
| Current portion of amounts payable after more than one year | 42 | €28,853 | €26,866 | -€1,987 | -6.9% |
| Financial debts | 43 | €3,086 | €3,861 | +€775 | +25.1% |
| Credit institutions | 430/8 | €3,086 | €3,861 | +€775 | +25.1% |
| Trade debts | 44 | €3,995 | €7,218 | +€3,223 | +80.7% |
| Suppliers | 440/4 | €3,995 | €7,218 | +€3,223 | +80.7% |
| Taxes, remuneration and social security | 45 | €16,435 | €17,122 | +€688 | +4.2% |
| Taxes | 450/3 | €1,165 | €1,441 | +€276 | +23.7% |
| Remuneration and social security | 454/9 | €15,270 | €15,682 | +€412 | +2.7% |
| Other amounts payable | 47/48 | €18,180 | €23,522 | +€5,342 | +29.4% |
| Accrued charges and deferred income | 492/3 | - | €5,153 | +€5,153 | |
| Remuneration, social security and pensions | 62 | €35,069 | €33,332 | -€1,737 | -5.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,834 | €17,925 | -€1,908 | -9.6% |
| Other operating charges | 640/8 | €1,026 | €447 | -€578 | -56.4% |
| Gross operating margin | 9900 | €50,123 | €63,691 | +€13,568 | +27.1% |
| Operating profit (loss) | 9901 | -€5,805 | €11,986 | +€17,791 | |
| Financial income | 75/76B | €0 | €85 | +€85 | +106,275% |
| Recurring financial income | 75 | €0 | €85 | +€85 | +106,275% |
| Financial charges | 65/66B | €5,617 | €4,883 | -€734 | -13.1% |
| Recurring financial charges | 65 | €5,617 | €4,883 | -€734 | -13.1% |
| Profit (loss) for the period before taxes | 9903 | -€11,422 | €7,188 | +€18,611 | |
| Income taxes | 67/77 | €271 | €141 | -€130 | -48.0% |
| Profit (loss) for the period | 9904 | -€11,693 | €7,048 | +€18,741 | |
| Profit (loss) for the period to be appropriated | 9905 | -€11,693 | €7,048 | +€18,741 |
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.