IMMO MIRO: what changed
Two fiscal 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.
IMMO MIRO
Largest movements
- Tangible fixed assets +€777,454
up €777,454 (+359.1%), from €216,519 to €993,974
of which Land and buildings: +€778,720
- Cash -€441,943
down €441,943 (-90.6%), from €487,883 to €45,940
mainly Investment in fixed assets (net) (-€840,000) and Deferred charges and accrued income (-€7,470)
- Receivables within one year -€144,611
down €144,611 (-49.0%), from €295,000 to €150,389
- Debts after one year +€167,527
up €167,527 (+167.5%), from €100,000 to €267,527
of which Financial debts: +€167,527
- Current portion of long-term debt +€17,924
new in 2025: €17,924
- Reserves +€13,440
up €13,440 (+1.8%), from €750,207 to €763,648
of which Distributable reserves: +€20,400
- Gross operating margin -€205,270
down €205,270 (-71.7%), from €286,350 to €81,080
- Depreciation +€48,736
up €48,736 (+352.9%), from €13,810 to €62,546
- Financial income +€9,854
up €9,854 (+268.7%), from €3,667 to €13,521
- Taxes -€7,098
down €7,098 (-42.5%), from €16,709 to €9,611
- Financial charges +€5,413
up €5,413 (+3244.2%), from €167 to €5,579
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.
Cash bridge derived
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 | €999,878 | €1,198,249 | +€198,371 | +19.8% |
| Fixed assets | 21/28 | €216,519 | €993,974 | +€777,454 | +359.1% |
| Tangible fixed assets | 22/27 | €216,519 | €993,974 | +€777,454 | +359.1% |
| Land and buildings | 22 | €215,254 | €993,974 | +€778,720 | +361.8% |
| Plant, machinery and equipment | 23 | €536 | €0 | -€536 | -100.0% |
| Furniture and vehicles | 24 | €730 | €0 | -€730 | -100.0% |
| Current assets | 29/58 | €783,359 | €204,275 | -€579,084 | -73.9% |
| Amounts receivable after more than one year | 29 | €0 | - | = | |
| Other amounts receivable | 291 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €295,000 | €150,389 | -€144,611 | -49.0% |
| Other amounts receivable | 41 | €295,000 | €150,389 | -€144,611 | -49.0% |
| Cash at bank and in hand | 54/58 | €487,883 | €45,940 | -€441,943 | -90.6% |
| Deferred charges and accrued income | 490/1 | €476 | €7,946 | +€7,470 | +1569.1% |
| Total equity and liabilities | 10/49 | €999,878 | €1,198,249 | +€198,371 | +19.8% |
| Equity | 10/15 | €840,207 | €853,648 | +€13,440 | +1.6% |
| Contributions | 10/11 | €90,000 | €90,000 | = | 0.0% |
| Reserves | 13 | €750,207 | €763,648 | +€13,440 | +1.8% |
| Tax-exempt reserves | 132 | €151,837 | €144,877 | -€6,959 | -4.6% |
| Distributable reserves | 133 | €598,371 | €618,770 | +€20,400 | +3.4% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Provisions and deferred taxes | 16 | €50,612 | €48,292 | -€2,320 | -4.6% |
| Deferred taxes | 168 | €50,612 | €48,292 | -€2,320 | -4.6% |
| Amounts payable | 17/49 | €109,059 | €296,309 | +€187,250 | +171.7% |
| Amounts payable after more than one year | 17 | €100,000 | €267,527 | +€167,527 | +167.5% |
| Financial debts | 170/4 | - | €167,527 | +€167,527 | |
| Other amounts payable | 178/9 | €100,000 | €100,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €9,059 | €28,781 | +€19,723 | +217.7% |
| Current portion of amounts payable after more than one year | 42 | - | €17,924 | +€17,924 | |
| Trade debts | 44 | €0 | €97 | +€97 | |
| Suppliers | 440/4 | €0 | €97 | +€97 | |
| Advances received on contracts in progress | 46 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €1,709 | €0 | -€1,709 | -100.0% |
| Taxes | 450/3 | €1,709 | €0 | -€1,709 | -100.0% |
| Other amounts payable | 47/48 | €7,350 | €10,760 | +€3,410 | +46.4% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Non-recurring operating income | 76A | €202,449 | €0 | -€202,449 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,810 | €62,546 | +€48,736 | +352.9% |
| Other operating charges | 640/8 | €8,054 | €5,744 | -€2,310 | -28.7% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €286,350 | €81,080 | -€205,270 | -71.7% |
| Operating profit (loss) | 9901 | €264,487 | €12,790 | -€251,697 | -95.2% |
| Financial income | 75/76B | €3,667 | €13,521 | +€9,854 | +268.7% |
| Recurring financial income | 75 | €3,667 | €13,521 | +€9,854 | +268.7% |
| Financial charges | 65/66B | €167 | €5,579 | +€5,413 | +3244.2% |
| Recurring financial charges | 65 | €167 | €5,579 | +€5,413 | +3244.2% |
| Profit (loss) for the period before taxes | 9903 | €267,986 | €20,731 | -€247,255 | -92.3% |
| Transfer from deferred taxes | 780 | - | €2,320 | +€2,320 | |
| Transfer to deferred taxes | 680 | €50,612 | €0 | -€50,612 | -100.0% |
| Income taxes | 67/77 | €16,709 | €9,611 | -€7,098 | -42.5% |
| Profit (loss) for the period | 9904 | €200,666 | €13,440 | -€187,225 | -93.3% |
| Transfer from tax-exempt reserves | 789 | - | €6,959 | +€6,959 | |
| Transfer to tax-exempt reserves | 689 | €151,837 | €0 | -€151,837 | -100.0% |
| Profit (loss) for the period to be appropriated | 9905 | €48,829 | €20,400 | -€28,429 | -58.2% |
Source: filed annual accounts (NBB), fiscal years ended 31 October 2024 and 31 October 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.