MIR HOLDING: 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.
MIR HOLDING
Largest movements
- Financial fixed assets +€3.4m
up €3.4m (+66.8%), from €5.1m to €8.5m
- Receivables within one year -€3.0m
down €3.0m (-96.1%), from €3.1m to €121,763
of which Other amounts receivable: -€2.7m
- Cash -€299,211
down €299,211 (-29.3%), from €1.0m to €723,726
mainly Investment in fixed assets (net) (-€3.5m) and Contributions, distributions and other (-€86,880)
- Reserves +€141,435
up €141,435 (+2.6%), from €5.5m to €5.6m
- Financial income -€976,976
down €976,976 (-91.1%), from €1.1m to €95,585
- Staff costs -€118,498
down €118,498 (-14.8%), from €799,075 to €680,577
- Gross operating margin -€29,370
down €29,370 (-2.9%), from €1.0m to €998,298
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 | €9,594,599 | €9,720,098 | +€125,498 | +1.3% |
| Fixed assets | 21/28 | €5,195,482 | €8,613,545 | +€3.4m | +65.8% |
| Tangible fixed assets | 22/27 | €98,909 | €112,802 | +€13,893 | +14.0% |
| Furniture and vehicles | 24 | €98,909 | €112,802 | +€13,893 | +14.0% |
| Financial fixed assets | 28 | €5,096,573 | €8,500,743 | +€3.4m | +66.8% |
| Current assets | 29/58 | €4,399,118 | €1,106,553 | -€3.3m | -74.8% |
| Amounts receivable within one year | 40/41 | €3,116,608 | €121,763 | -€3.0m | -96.1% |
| Trade receivables | 40 | €400,190 | €115,158 | -€285,032 | -71.2% |
| Other amounts receivable | 41 | €2,716,418 | €6,605 | -€2.7m | -99.8% |
| Current investments | 50/53 | €252,352 | €252,352 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €1,022,938 | €723,726 | -€299,211 | -29.3% |
| Deferred charges and accrued income | 490/1 | €7,220 | €8,711 | +€1,492 | +20.7% |
| Total equity and liabilities | 10/49 | €9,594,599 | €9,720,098 | +€125,498 | +1.3% |
| Equity | 10/15 | €8,669,830 | €8,811,265 | +€141,435 | +1.6% |
| Contributions | 10/11 | €3,180,231 | €3,180,231 | = | 0.0% |
| Reserves | 13 | €5,489,600 | €5,631,034 | +€141,435 | +2.6% |
| Distributable reserves | 133 | €5,489,600 | €5,631,034 | +€141,435 | +2.6% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €924,769 | €908,833 | -€15,936 | -1.7% |
| Amounts payable within one year | 42/48 | €924,769 | €908,833 | -€15,936 | -1.7% |
| Financial debts | 43 | - | €3,456 | +€3,456 | |
| Other loans | 439 | - | €3,456 | +€3,456 | |
| Trade debts | 44 | €13,841 | €16,937 | +€3,096 | +22.4% |
| Suppliers | 440/4 | €13,841 | €16,937 | +€3,096 | +22.4% |
| Taxes, remuneration and social security | 45 | €121,563 | €92,299 | -€29,264 | -24.1% |
| Taxes | 450/3 | €41,620 | €23,035 | -€18,585 | -44.7% |
| Remuneration and social security | 454/9 | €79,943 | €69,264 | -€10,679 | -13.4% |
| Other amounts payable | 47/48 | €789,365 | €796,140 | +€6,775 | +0.9% |
| Remuneration, social security and pensions | 62 | €799,075 | €680,577 | -€118,498 | -14.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €43,431 | €44,368 | +€937 | +2.2% |
| Other operating charges | 640/8 | €4,011 | €3,761 | -€251 | -6.2% |
| Gross operating margin | 9900 | €1,027,668 | €998,298 | -€29,370 | -2.9% |
| Operating profit (loss) | 9901 | €181,151 | €269,593 | +€88,442 | +48.8% |
| Financial income | 75/76B | €1,072,561 | €95,585 | -€976,976 | -91.1% |
| Recurring financial income | 75 | €1,072,561 | €95,585 | -€976,976 | -91.1% |
| Financial charges | 65/66B | €56,656 | €49,014 | -€7,642 | -13.5% |
| Recurring financial charges | 65 | €56,656 | €49,014 | -€7,642 | -13.5% |
| Profit (loss) for the period before taxes | 9903 | €1,197,056 | €316,164 | -€880,891 | -73.6% |
| Income taxes | 67/77 | €87,446 | €87,850 | +€403 | +0.5% |
| Profit (loss) for the period | 9904 | €1,109,609 | €228,315 | -€881,295 | -79.4% |
| Profit (loss) for the period to be appropriated | 9905 | €1,109,609 | €228,315 | -€881,295 | -79.4% |
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 19 October 2026 via checked.be.