VAN DE MIEROP PAUL: what changed
VAN DE MIEROP PAUL
Largest movements
- Receivables after one year +€2.0m
new in 2025: €2.0m
- Receivables within one year -€31,981
down €31,981 (-30.7%), from €104,130 to €72,149
of which Trade receivables: -€36,081
- Cash -€29,125
down €29,125 (-17.5%), from €166,880 to €137,755
mainly Receivables after one year (-€2.0m) and Other debts (-€52,332)
- Tangible fixed assets -€25,596
down €25,596 (-74.6%), from €34,291 to €8,696
- Debts after one year +€1.9m
up €1.9m (+27,248%), from €7,134 to €2.0m
of which Financial debts: +€1.9m
- Other debts -€52,332
down €52,332 (-100%), from €52,332 to €0
- Tax, wage and social debts -€22,503
down €22,503 (-95.6%), from €23,537 to €1,034
- Gross operating margin -€17,078
down €17,078 (-40.4%), from €42,325 to €25,247
- Taxes -€5,879
down €5,879 (-88.9%), from €6,614 to €735
- Financial income +€5,702
up €5,702 (+274%), from €2,084 to €7,786
- Financial charges +€4,850
up €4,850 (+877%), from €553 to €5,403
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €307,124 | €2,172,962 | +€1.9m | +608% |
| Fixed assets | 21/28 | €35,742 | €10,146 | -€25,596 | -71.6% |
| Tangible fixed assets | 22/27 | €34,291 | €8,696 | -€25,596 | -74.6% |
| Furniture and vehicles | 24 | €34,291 | €8,696 | -€25,596 | -74.6% |
| Financial fixed assets | 28 | €1,451 | €1,451 | = | 0.0% |
| Current assets | 29/58 | €271,381 | €2,162,815 | +€1.9m | +697% |
| Amounts receivable after more than one year | 29 | - | €1,950,000 | +€2.0m | |
| Other amounts receivable | 291 | - | €1,950,000 | +€2.0m | |
| Amounts receivable within one year | 40/41 | €104,130 | €72,149 | -€31,981 | -30.7% |
| Trade receivables | 40 | €59,309 | €23,228 | -€36,081 | -60.8% |
| Other amounts receivable | 41 | €44,821 | €48,921 | +€4,100 | +9.1% |
| Cash at bank and in hand | 54/58 | €166,880 | €137,755 | -€29,125 | -17.5% |
| Deferred charges and accrued income | 490/1 | €372 | €2,912 | +€2,540 | +684% |
| Total equity and liabilities | 10/49 | €307,124 | €2,172,962 | +€1.9m | +608% |
| Equity | 10/15 | €205,150 | €205,591 | +€440 | +0.2% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €186,600 | €187,041 | +€440 | +0.2% |
| Distributable reserves | 133 | €186,600 | €187,041 | +€440 | +0.2% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €101,973 | €1,967,371 | +€1.9m | +1,829% |
| Amounts payable after more than one year | 17 | €7,134 | €1,951,000 | +€1.9m | +27,248% |
| Financial debts | 170/4 | €7,134 | €1,950,000 | +€1.9m | +27,234% |
| Other amounts payable | 178/9 | - | €1,000 | +€1,000 | |
| Amounts payable within one year | 42/48 | €93,373 | €9,306 | -€84,068 | -90.0% |
| Current portion of amounts payable after more than one year | 42 | €17,122 | €7,134 | -€9,988 | -58.3% |
| Trade debts | 44 | €382 | €1,137 | +€755 | +197% |
| Suppliers | 440/4 | €382 | €1,137 | +€755 | +197% |
| Taxes, remuneration and social security | 45 | €23,537 | €1,034 | -€22,503 | -95.6% |
| Taxes | 450/3 | €23,537 | €1,034 | -€22,503 | -95.6% |
| Other amounts payable | 47/48 | €52,332 | €0 | -€52,332 | -100% |
| Accrued charges and deferred income | 492/3 | €1,466 | €7,066 | +€5,600 | +382% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €25,596 | €25,596 | = | 0.0% |
| Other operating charges | 640/8 | €1,054 | €859 | -€196 | -18.6% |
| Gross operating margin | 9900 | €42,325 | €25,247 | -€17,078 | -40.4% |
| Operating profit (loss) | 9901 | €15,675 | -€1,207 | -€16,883 | |
| Financial income | 75/76B | €2,084 | €7,786 | +€5,702 | +274% |
| Recurring financial income | 75 | €2,084 | €7,786 | +€5,702 | +274% |
| Financial charges | 65/66B | €553 | €5,403 | +€4,850 | +877% |
| Recurring financial charges | 65 | €553 | €5,403 | +€4,850 | +877% |
| Profit (loss) for the period before taxes | 9903 | €17,206 | €1,175 | -€16,031 | -93.2% |
| Income taxes | 67/77 | €6,614 | €735 | -€5,879 | -88.9% |
| Profit (loss) for the period | 9904 | €10,592 | €440 | -€10,152 | -95.8% |
| Profit (loss) for the period to be appropriated | 9905 | €10,592 | €440 | -€10,152 | -95.8% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 5 November 2026 via checked.be.