MIEVERS STRO: what changed
MIEVERS STRO
Largest movements
- Cash +€6,967
up €6,967 (+41.0%), from €16,976 to €23,943
mainly Trade debts (+€19,784) and Depreciation (+€13,969)
- Receivables within one year +€4,125
up €4,125 (+78.0%), from €5,287 to €9,412
- Tangible fixed assets +€2,775
up €2,775 (+3.7%), from €75,518 to €78,293
of which Furniture and vehicles: +€6,202
- Trade debts +€19,784
up €19,784 (+1,121%), from €1,765 to €21,549
- Reserves +€9,712
up €9,712 (+8.3%), from €116,382 to €126,094
- Current portion of long-term debt -€9,432
down €9,432 (-79.7%), from €11,840 to €2,408
- Tax, wage and social debts -€7,142
down €7,142 (-50.6%), from €14,109 to €6,967
of which Taxes: -€7,338
- Debts after one year +€1,605
new in 2025: €1,605
- Staff costs +€15,888
up €15,888 (+17.7%), from €89,622 to €105,510
- Gross operating margin -€9,244
down €9,244 (-6.4%), from €144,004 to €134,760
- Taxes -€7,659
down €7,659 (-61.0%), from €12,552 to €4,892
- Depreciation +€2,252
up €2,252 (+19.2%), from €11,717 to €13,969
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 | €103,918 | €118,445 | +€14,527 | +14.0% |
| Fixed assets | 21/28 | €76,018 | €78,793 | +€2,775 | +3.7% |
| Tangible fixed assets | 22/27 | €75,518 | €78,293 | +€2,775 | +3.7% |
| Land and buildings | 22 | €20,553 | €19,348 | -€1,204 | -5.9% |
| Plant, machinery and equipment | 23 | €54,507 | €52,285 | -€2,222 | -4.1% |
| Furniture and vehicles | 24 | €458 | €6,660 | +€6,202 | +1,353% |
| Financial fixed assets | 28 | €500 | €500 | = | 0.0% |
| Current assets | 29/58 | €27,900 | €39,652 | +€11,752 | +42.1% |
| Stocks and contracts in progress | 3 | €2,037 | €2,398 | +€360 | +17.7% |
| Stocks | 30/36 | €2,037 | €2,398 | +€360 | +17.7% |
| Amounts receivable within one year | 40/41 | €5,287 | €9,412 | +€4,125 | +78.0% |
| Other amounts receivable | 41 | €5,287 | €9,412 | +€4,125 | +78.0% |
| Cash at bank and in hand | 54/58 | €16,976 | €23,943 | +€6,967 | +41.0% |
| Deferred charges and accrued income | 490/1 | €3,600 | €3,899 | +€299 | +8.3% |
| Total equity and liabilities | 10/49 | €103,918 | €118,445 | +€14,527 | +14.0% |
| Equity | 10/15 | €76,205 | €85,917 | +€9,712 | +12.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €116,382 | €126,094 | +€9,712 | +8.3% |
| Distributable reserves | 133 | €116,382 | €126,094 | +€9,712 | +8.3% |
| Profit (loss) carried forward | 14 | -€58,777 | -€58,777 | = | 0.0% |
| Amounts payable | 17/49 | €27,714 | €32,529 | +€4,815 | +17.4% |
| Amounts payable after more than one year | 17 | - | €1,605 | +€1,605 | |
| Financial debts | 170/4 | - | €1,605 | +€1,605 | |
| Amounts payable within one year | 42/48 | €27,714 | €30,924 | +€3,210 | +11.6% |
| Current portion of amounts payable after more than one year | 42 | €11,840 | €2,408 | -€9,432 | -79.7% |
| Trade debts | 44 | €1,765 | €21,549 | +€19,784 | +1,121% |
| Suppliers | 440/4 | €1,765 | €21,549 | +€19,784 | +1,121% |
| Taxes, remuneration and social security | 45 | €14,109 | €6,967 | -€7,142 | -50.6% |
| Taxes | 450/3 | €13,386 | €6,048 | -€7,338 | -54.8% |
| Remuneration and social security | 454/9 | €723 | €919 | +€196 | +27.1% |
| Remuneration, social security and pensions | 62 | €89,622 | €105,510 | +€15,888 | +17.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,717 | €13,969 | +€2,252 | +19.2% |
| Other operating charges | 640/8 | €1,107 | €1,532 | +€425 | +38.4% |
| Gross operating margin | 9900 | €144,004 | €134,760 | -€9,244 | -6.4% |
| Operating profit (loss) | 9901 | €41,558 | €13,748 | -€27,810 | -66.9% |
| Financial income | 75/76B | €4,111 | €2,806 | -€1,305 | -31.7% |
| Recurring financial income | 75 | €3,625 | €1,969 | -€1,656 | -45.7% |
| Non-recurring financial income | 76B | €486 | €837 | +€351 | +72.3% |
| Financial charges | 65/66B | €2,407 | €1,950 | -€457 | -19.0% |
| Recurring financial charges | 65 | €2,407 | €1,950 | -€457 | -19.0% |
| Profit (loss) for the period before taxes | 9903 | €43,262 | €14,604 | -€28,658 | -66.2% |
| Income taxes | 67/77 | €12,552 | €4,892 | -€7,659 | -61.0% |
| Profit (loss) for the period | 9904 | €30,710 | €9,712 | -€20,998 | -68.4% |
| Profit (loss) for the period to be appropriated | 9905 | €30,710 | €9,712 | -€20,998 | -68.4% |
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 6 November 2026 via checked.be.