MIIRO: 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.
MIIRO
Largest movements
- Cash +€31,664
up €31,664 (+35.2%), from €89,900 to €121,564
mainly Net result for the year (+€108,940) and Depreciation (+€8,689)
- Receivables within one year +€23,928
up €23,928 (+61.1%), from €39,192 to €63,119
- Reserves +€108,940
up €108,940 (+63.8%), from €170,716 to €279,656
- Debts after one year -€67,032
down €67,032 (-14.7%), from €455,684 to €388,652
- Tax, wage and social debts +€8,375
up €8,375 (+41.8%), from €20,025 to €28,400
- Financial income -€79,857
down €79,857 (-55.9%), from €142,857 to €63,000
- Taxes -€36,521
down €36,521, from €22,173 to -€14,348
- Gross operating margin +€4,789
up €4,789 (+9.0%), from €53,444 to €58,233
- Financial charges -€2,022
down €2,022 (-11.6%), from €17,418 to €15,396
- Depreciation +€1,392
up €1,392 (+19.1%), from €7,298 to €8,689
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €772,292 | €824,574 | +€52,282 | +6.8% |
| Fixed assets | 21/28 | €643,200 | €639,891 | -€3,309 | -0.5% |
| Tangible fixed assets | 22/27 | €248,151 | €244,842 | -€3,309 | -1.3% |
| Land and buildings | 22 | €245,606 | €238,409 | -€7,197 | -2.9% |
| Plant, machinery and equipment | 23 | €2,545 | €6,433 | +€3,888 | +153% |
| Financial fixed assets | 28 | €395,049 | €395,049 | = | 0.0% |
| Current assets | 29/58 | €129,092 | €184,683 | +€55,591 | +43.1% |
| Amounts receivable within one year | 40/41 | €39,192 | €63,119 | +€23,928 | +61.1% |
| Other amounts receivable | 41 | €39,192 | €63,119 | +€23,928 | +61.1% |
| Cash at bank and in hand | 54/58 | €89,900 | €121,564 | +€31,664 | +35.2% |
| Total equity and liabilities | 10/49 | €772,292 | €824,574 | +€52,282 | +6.8% |
| Equity | 10/15 | €230,716 | €339,656 | +€108,940 | +47.2% |
| Contributions | 10/11 | €60,000 | €60,000 | = | 0.0% |
| Reserves | 13 | €170,716 | €279,656 | +€108,940 | +63.8% |
| Distributable reserves | 133 | €170,716 | €279,656 | +€108,940 | +63.8% |
| Amounts payable | 17/49 | €541,576 | €484,918 | -€56,658 | -10.5% |
| Amounts payable after more than one year | 17 | €455,684 | €388,652 | -€67,032 | -14.7% |
| Financial debts | 170/4 | €455,684 | €388,652 | -€67,032 | -14.7% |
| Amounts payable within one year | 42/48 | €85,892 | €96,266 | +€10,374 | +12.1% |
| Current portion of amounts payable after more than one year | 42 | €65,035 | €67,032 | +€1,997 | +3.1% |
| Trade debts | 44 | €832 | €834 | +€2 | +0.2% |
| Suppliers | 440/4 | €832 | €834 | +€2 | +0.2% |
| Taxes, remuneration and social security | 45 | €20,025 | €28,400 | +€8,375 | +41.8% |
| Taxes | 450/3 | €20,025 | €28,400 | +€8,375 | +41.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,298 | €8,689 | +€1,392 | +19.1% |
| Other operating charges | 640/8 | €2,479 | €2,556 | +€77 | +3.1% |
| Gross operating margin | 9900 | €53,444 | €58,233 | +€4,789 | +9.0% |
| Operating profit (loss) | 9901 | €43,667 | €46,988 | +€3,321 | +7.6% |
| Financial income | 75/76B | €142,857 | €63,000 | -€79,857 | -55.9% |
| Recurring financial income | 75 | €142,857 | €63,000 | -€79,857 | -55.9% |
| Financial charges | 65/66B | €17,418 | €15,396 | -€2,022 | -11.6% |
| Recurring financial charges | 65 | €17,418 | €15,396 | -€2,022 | -11.6% |
| Profit (loss) for the period before taxes | 9903 | €169,105 | €94,592 | -€74,514 | -44.1% |
| Income taxes | 67/77 | €22,173 | -€14,348 | -€36,521 | |
| Profit (loss) for the period | 9904 | €146,932 | €108,940 | -€37,993 | -25.9% |
| Profit (loss) for the period to be appropriated | 9905 | €146,932 | €108,940 | -€37,993 | -25.9% |
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 16 October 2026 via checked.be.