Van Miegem & Zn: 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.
What changed
Van Miegem & Zn
NACE 43.410, Roofing work
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€4,970
2024 · €4,767+€203
Equity
€133,848
2024 · €128,878+€4,970
Cash
€63,675
2024 · €62,176+€1,500
Balance sheet total
€159,051
2024 · €160,710-€1,659
Largest movements
Assets
- Receivables within one year -€4,130
down €4,130 (-5.0%), from €82,454 to €78,324
of which Other amounts receivable: -€2,688
- Deferred charges and accrued income +€2,754
up €2,754 (+103%), from €2,673 to €5,427
Equity and liabilities
- Reserves +€4,970
up €4,970 (+4.1%), from €122,678 to €127,648
- Trade debts -€4,671
down €4,671 (-32.8%), from €14,223 to €9,552
- Other debts -€2,657
down €2,657 (-24.1%), from €11,029 to €8,372
Income statement
- Staff costs -€1,127
down €1,127 (-1.7%), from €66,433 to €65,305
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.
Result 2024
€4,767
Gross operating margin
-€718
Staff costs
+€1,127
Depreciation
-€175
Other operating charges
+€7
Other operating items
+€204
Financial income
+€120
Financial charges
-€84
Taxes
-€278
Result 2025
€4,970
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€1,500
Investment
€0
Financing
€0
Cash 2024
€62,176
From operations (derived)
+€1,500
Net result for the year
+€4,970
Depreciation
+€459
Stocks and contracts
+€1,323
Receivables within one year
+€4,130
Deferred charges and accrued income
-€2,754
Trade debts
-€4,671
Tax, wage and social debts
-€861
Other debts
-€2,657
Accrued charges and deferred income
+€1,560
Cash 2025
€63,675
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €160,710 | €159,051 | -€1,659 | -1.0% |
| Fixed assets | 21/28 | €1,473 | €1,014 | -€459 | -31.2% |
| Tangible fixed assets | 22/27 | €1,093 | €634 | -€459 | -42.0% |
| Furniture and vehicles | 24 | €1,093 | €634 | -€459 | -42.0% |
| Financial fixed assets | 28 | €380 | €380 | = | 0.0% |
| Current assets | 29/58 | €159,237 | €158,037 | -€1,200 | -0.8% |
| Stocks and contracts in progress | 3 | €11,935 | €10,612 | -€1,323 | -11.1% |
| Stocks | 30/36 | €11,935 | €10,612 | -€1,323 | -11.1% |
| Amounts receivable within one year | 40/41 | €82,454 | €78,324 | -€4,130 | -5.0% |
| Trade receivables | 40 | €66,376 | €64,933 | -€1,443 | -2.2% |
| Other amounts receivable | 41 | €16,078 | €13,390 | -€2,688 | -16.7% |
| Cash at bank and in hand | 54/58 | €62,176 | €63,675 | +€1,500 | +2.4% |
| Deferred charges and accrued income | 490/1 | €2,673 | €5,427 | +€2,754 | +103% |
| Total equity and liabilities | 10/49 | €160,710 | €159,051 | -€1,659 | -1.0% |
| Equity | 10/15 | €128,878 | €133,848 | +€4,970 | +3.9% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €122,678 | €127,648 | +€4,970 | +4.1% |
| Distributable reserves | 133 | €122,678 | €127,648 | +€4,970 | +4.1% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €31,832 | €25,203 | -€6,629 | -20.8% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €31,832 | €23,643 | -€8,189 | -25.7% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Trade debts | 44 | €14,223 | €9,552 | -€4,671 | -32.8% |
| Suppliers | 440/4 | €14,223 | €9,552 | -€4,671 | -32.8% |
| Taxes, remuneration and social security | 45 | €6,581 | €5,720 | -€861 | -13.1% |
| Taxes | 450/3 | €3,392 | €909 | -€2,482 | -73.2% |
| Remuneration and social security | 454/9 | €3,189 | €4,810 | +€1,621 | +50.8% |
| Other amounts payable | 47/48 | €11,029 | €8,372 | -€2,657 | -24.1% |
| Accrued charges and deferred income | 492/3 | - | €1,560 | +€1,560 | |
| Non-recurring operating income | 76A | €6,521 | €1,200 | -€5,321 | -81.6% |
| Remuneration, social security and pensions | 62 | €66,433 | €65,305 | -€1,127 | -1.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €284 | €459 | +€175 | +61.5% |
| Other operating charges | 640/8 | €1,612 | €1,605 | -€7 | -0.4% |
| Non-recurring operating charges | 66A | €204 | €0 | -€204 | -100% |
| Gross operating margin | 9900 | €76,567 | €75,850 | -€718 | -0.9% |
| Operating profit (loss) | 9901 | €8,035 | €8,480 | +€446 | +5.5% |
| Financial income | 75/76B | €151 | €271 | +€120 | +79.7% |
| Recurring financial income | 75 | €151 | €271 | +€120 | +79.7% |
| Non-recurring financial income | 76B | €0 | - | = | |
| Financial charges | 65/66B | €630 | €714 | +€84 | +13.4% |
| Recurring financial charges | 65 | €630 | €714 | +€84 | +13.4% |
| Profit (loss) for the period before taxes | 9903 | €7,555 | €8,037 | +€481 | +6.4% |
| Income taxes | 67/77 | €2,788 | €3,067 | +€278 | +10.0% |
| Profit (loss) for the period | 9904 | €4,767 | €4,970 | +€203 | +4.3% |
| Profit (loss) for the period to be appropriated | 9905 | €4,767 | €4,970 | +€203 | +4.3% |
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 24 October 2026 via checked.be.