MIRAB'EAU: 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.
MIRAB'EAU
Largest movements
- Tangible fixed assets +€596,843
up €596,843 (+1517.6%), from €39,329 to €636,172
of which Land and buildings: +€396,843
- Receivables within one year +€166,270
up €166,270 (+146.1%), from €113,822 to €280,091
of which Trade receivables: +€170,346
- Cash -€118,973
down €118,973 (-98.0%), from €121,365 to €2,392
mainly Investment in fixed assets (net) (-€596,843) and Receivables within one year (-€166,270)
- Other debts +€639,500
new in 2025: €639,500
- Turnover +€81,135
new in 2025: €81,135
- Purchases and services +€67,691
new in 2025: €67,691
- Gross operating margin +€41,004
up €41,004, from -€27,560 to €13,444
- Financial charges +€12,994
up €12,994 (+3504.7%), from €371 to €13,365
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 | €274,692 | €918,655 | +€643,963 | +234.4% |
| Fixed assets | 21/28 | €39,329 | €636,172 | +€596,843 | +1517.6% |
| Tangible fixed assets | 22/27 | €39,329 | €636,172 | +€596,843 | +1517.6% |
| Land and buildings | 22 | €39,329 | €436,172 | +€396,843 | +1009.0% |
| Plant, machinery and equipment | 23 | - | €200,000 | +€200,000 | |
| Current assets | 29/58 | €235,363 | €282,483 | +€47,120 | +20.0% |
| Stocks and contracts in progress | 3 | €0 | - | = | |
| Stocks | 30/36 | €0 | - | = | |
| Contracts in progress | 37 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €113,822 | €280,091 | +€166,270 | +146.1% |
| Trade receivables | 40 | €109,738 | €280,084 | +€170,346 | +155.2% |
| Other amounts receivable | 41 | €4,084 | €7 | -€4,076 | -99.8% |
| Cash at bank and in hand | 54/58 | €121,365 | €2,392 | -€118,973 | -98.0% |
| Deferred charges and accrued income | 490/1 | €176 | €0 | -€176 | -100.0% |
| Total equity and liabilities | 10/49 | €274,692 | €918,655 | +€643,963 | +234.4% |
| Equity | 10/15 | €273,339 | €273,236 | -€103 | 0.0% |
| Contributions | 10/11 | €300,000 | €300,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€26,661 | -€26,764 | -€103 | -0.4% |
| Amounts payable | 17/49 | €1,353 | €645,419 | +€644,066 | +47610.6% |
| Amounts payable within one year | 42/48 | €1,353 | €642,723 | +€641,370 | +47411.2% |
| Trade debts | 44 | €1,353 | €2,610 | +€1,257 | +92.9% |
| Suppliers | 440/4 | €1,353 | €2,610 | +€1,257 | +92.9% |
| Advances received on contracts in progress | 46 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | - | €613 | +€613 | |
| Taxes | 450/3 | - | €613 | +€613 | |
| Other amounts payable | 47/48 | - | €639,500 | +€639,500 | |
| Accrued charges and deferred income | 492/3 | - | €2,697 | +€2,697 | |
| Turnover | 70 | - | €81,135 | +€81,135 | |
| Goods, raw materials, services and sundry goods | 60/61 | - | €67,691 | +€67,691 | |
| Other operating charges | 640/8 | €169 | €182 | +€14 | +8.1% |
| Gross operating margin | 9900 | -€27,560 | €13,444 | +€41,004 | |
| Operating profit (loss) | 9901 | -€27,728 | €13,262 | +€40,990 | |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €371 | €13,365 | +€12,994 | +3504.7% |
| Recurring financial charges | 65 | €371 | €13,365 | +€12,994 | +3504.7% |
| Profit (loss) for the period before taxes | 9903 | -€28,099 | -€103 | +€27,996 | +99.6% |
| Income taxes | 67/77 | €0 | - | = | |
| Profit (loss) for the period | 9904 | -€28,099 | -€103 | +€27,996 | +99.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€28,099 | -€103 | +€27,996 | +99.6% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.