MIERIC: 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
MIERIC
NACE 70.100, Activities of head offices
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€2.2m
2024 · €3.0m-€750,019
Equity
€41.1m
2024 · €42.4m-€1.3m
Cash
€1.8m
2024 · €1.3m+€486,437
Balance sheet total
€43.2m
2024 · €43.3m-€97,476
Largest movements
Assets
- Receivables after one year -€500,000
down €500,000 (-38.5%), from €1.3m to €800,000
- Cash +€486,437
up €486,437 (+36.1%), from €1.3m to €1.8m
mainly Net result for the year (+€2.2m) and Other debts (+€1.2m)
Equity and liabilities
- Contributions -€3.5m
down €3.5m (-18.3%), from €19.1m to €15.6m
- Reserves +€2.2m
up €2.2m (+9.6%), from €23.3m to €25.5m
of which Distributable reserves: +€2.2m
- Other debts +€1.2m
up €1.2m (+1,264%), from €97,279 to €1.3m
Income statement
- Turnover -€508,406
down €508,406 (-22.5%), from €2.3m to €1.7m
- Financial income -€494,923
down €494,923 (-22.6%), from €2.2m to €1.7m
- Services and other goods -€155,649
down €155,649 (-16.6%), from €936,563 to €780,914
- Taxes -€84,828
down €84,828 (-25.8%), from €328,409 to €243,581
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
€3.0m
Turnover
-€508,406
Other operating income
+€245
Services and other goods
+€155,649
Staff costs
+€13,650
Other operating charges
-€176
Financial income
-€494,923
Financial charges
-€886
Taxes
+€84,828
Result 2025
€2.2m
raises the resultlowers the result
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
+€3.8m
Investment
+€188,754
Financing
-€3.5m
Cash 2024
€1.3m
From operations (derived)
+€3.8m
Net result for the year
+€2.2m
Receivables after one year
+€500,000
Receivables within one year
-€107,889
Deferred charges and accrued income
+€3,048
Trade debts
-€39,734
Tax, wage and social debts
-€14,967
Other debts
+€1.2m
Accrued charges and deferred income
-€10,508
Investment (derived)
+€188,754
Investment in fixed assets (net)
+€50,000
Current investments
+€138,754
Financing
-€3.5m
Contributions, distributions and other
-€3.5m
Cash 2025
€1.8m
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €43,294,084 | €43,196,607 | -€97,476 | -0.2% |
| Fixed assets | 21/28 | €39,052,540 | €39,002,540 | -€50,000 | -0.1% |
| Tangible fixed assets | 22/27 | €15,469 | €15,469 | = | 0.0% |
| Land and buildings | 22 | €15,469 | €15,469 | = | 0.0% |
| Financial fixed assets | 28 | €39,037,072 | €38,987,072 | -€50,000 | -0.1% |
| Affiliated companies | 280/1 | €36,747,325 | €36,497,325 | -€250,000 | -0.7% |
| Participating interests | 280 | €35,747,325 | €35,747,325 | = | 0.0% |
| Amounts receivable | 281 | €1,000,000 | €750,000 | -€250,000 | -25.0% |
| Companies linked by participating interests | 282/3 | €2,289,747 | €2,489,747 | +€200,000 | +8.7% |
| Participating interests | 282 | €683,333 | €683,333 | = | 0.0% |
| Amounts receivable | 283 | €1,606,414 | €1,806,414 | +€200,000 | +12.5% |
| Current assets | 29/58 | €4,241,543 | €4,194,067 | -€47,476 | -1.1% |
| Amounts receivable after more than one year | 29 | €1,300,000 | €800,000 | -€500,000 | -38.5% |
| Other amounts receivable | 291 | €1,300,000 | €800,000 | -€500,000 | -38.5% |
| Stocks and contracts in progress | 3 | €0 | €0 | = | |
| Amounts receivable within one year | 40/41 | €570,973 | €678,862 | +€107,889 | +18.9% |
| Trade receivables | 40 | €570,973 | €678,862 | +€107,889 | +18.9% |
| Other amounts receivable | 41 | €0 | - | = | |
| Current investments | 50/53 | €1,020,762 | €882,008 | -€138,754 | -13.6% |
| Other investments | 51/53 | €1,020,762 | €882,008 | -€138,754 | -13.6% |
| Cash at bank and in hand | 54/58 | €1,346,222 | €1,832,659 | +€486,437 | +36.1% |
| Deferred charges and accrued income | 490/1 | €3,586 | €538 | -€3,048 | -85.0% |
| Total equity and liabilities | 10/49 | €43,294,084 | €43,196,607 | -€97,476 | -0.2% |
| Equity | 10/15 | €42,407,806 | €41,145,990 | -€1.3m | -3.0% |
| Contributions | 10/11 | €19,110,000 | €15,610,000 | -€3.5m | -18.3% |
| Capital | 10 | €19,110,000 | €15,610,000 | -€3.5m | -18.3% |
| Issued capital | 100 | €19,110,000 | €15,610,000 | -€3.5m | -18.3% |
| Reserves | 13 | €23,297,806 | €25,535,990 | +€2.2m | +9.6% |
| Non-distributable reserves | 130/1 | €2,061,000 | €2,061,000 | = | 0.0% |
| Legal reserve | 130 | €2,061,000 | €2,061,000 | = | 0.0% |
| Distributable reserves | 133 | €21,236,806 | €23,474,990 | +€2.2m | +10.5% |
| Amounts payable | 17/49 | €886,278 | €2,050,618 | +€1.2m | +131% |
| Amounts payable after more than one year | 17 | €513,000 | €513,000 | = | 0.0% |
| Other amounts payable | 178/9 | €513,000 | €513,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €306,280 | €1,481,127 | +€1.2m | +384% |
| Trade debts | 44 | €85,802 | €46,068 | -€39,734 | -46.3% |
| Suppliers | 440/4 | €85,802 | €46,068 | -€39,734 | -46.3% |
| Taxes, remuneration and social security | 45 | €123,200 | €108,233 | -€14,967 | -12.1% |
| Taxes | 450/3 | €105,542 | €92,538 | -€13,004 | -12.3% |
| Remuneration and social security | 454/9 | €17,658 | €15,695 | -€1,963 | -11.1% |
| Other amounts payable | 47/48 | €97,279 | €1,326,827 | +€1.2m | +1,264% |
| Accrued charges and deferred income | 492/3 | €66,998 | €56,490 | -€10,508 | -15.7% |
| Operating income | 70/76A | €2,256,356 | €1,748,195 | -€508,161 | -22.5% |
| Turnover | 70 | €2,256,119 | €1,747,713 | -€508,406 | -22.5% |
| Other operating income | 74 | €237 | €482 | +€245 | +103% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Operating charges | 60/66A | €1,089,814 | €920,690 | -€169,123 | -15.5% |
| Services and other goods | 61 | €936,563 | €780,914 | -€155,649 | -16.6% |
| Remuneration, social security and pensions | 62 | €150,319 | €136,668 | -€13,650 | -9.1% |
| Other operating charges | 640/8 | €2,932 | €3,108 | +€176 | +6.0% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Operating profit (loss) | 9901 | €1,166,543 | €827,504 | -€339,038 | -29.1% |
| Financial income | 75/76B | €2,192,544 | €1,697,621 | -€494,923 | -22.6% |
| Recurring financial income | 75 | €2,192,544 | €1,697,621 | -€494,923 | -22.6% |
| Income from financial fixed assets | 750 | €1,999,544 | €1,499,658 | -€499,886 | -25.0% |
| Income from current assets | 751 | €68,900 | €45,638 | -€23,261 | -33.8% |
| Other financial income | 752/9 | €124,101 | €152,324 | +€28,224 | +22.7% |
| Financial charges | 65/66B | €42,475 | €43,360 | +€886 | +2.1% |
| Recurring financial charges | 65 | €42,475 | €43,360 | +€886 | +2.1% |
| Debt charges | 650 | €49,463 | €42,631 | -€6,832 | -13.8% |
| Write-downs on current assets other than stocks, contracts in progress and trade receivables: additions (reversals) | 651 | -€7,790 | €0 | +€7,790 | |
| Other financial charges | 652/9 | €801 | €729 | -€73 | -9.1% |
| Profit (loss) for the period before taxes | 9903 | €3,316,612 | €2,481,765 | -€834,847 | -25.2% |
| Income taxes | 67/77 | €328,409 | €243,581 | -€84,828 | -25.8% |
| Taxes | 670/3 | €328,409 | €243,581 | -€84,828 | -25.8% |
| Profit (loss) for the period | 9904 | €2,988,203 | €2,238,184 | -€750,019 | -25.1% |
| Transfer from tax-exempt reserves | 789 | €0 | - | = | |
| Profit (loss) for the period to be appropriated | 9905 | €2,988,203 | €2,238,184 | -€750,019 | -25.1% |
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.