MIRABEAU PROPERTIES: 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.
MIRABEAU PROPERTIES
Largest movements
- Tangible fixed assets -€355,373
down €355,373 (-35.6%), from €997,248 to €641,876
- Receivables within one year +€269,820
up €269,820 (+150,309%), from €180 to €270,000
- Cash +€111,234
up €111,234 (+511%), from €21,752 to €132,987
mainly Investment in fixed assets (net) (+€332,831) and Net result for the year (+€52,668)
- Reserves +€64,450
up €64,450 (+20.4%), from €315,585 to €380,035
of which Distributable reserves: +€178,493
- Tax, wage and social debts +€38,463
new in 2026: €38,463
- Provisions -€38,014
down €38,014 (-36.6%), from €103,975 to €65,960
- Debts after one year -€24,932
down €24,932 (-8.1%), from €309,519 to €284,587
- Profit (loss) carried forward -€11,782
down €11,782 (-100%), from €11,782 to €0
- Gross operating margin +€51,845
up €51,845 (+136%), from €38,258 to €90,103
- Taxes +€45,213
new in 2026: €45,213
- Depreciation -€9,470
down €9,470 (-29.6%), from €32,011 to €22,541
- Other operating charges -€1,513
down €1,513 (-39.7%), from €3,809 to €2,296
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,024,960 | €1,044,863 | +€19,902 | +1.9% |
| Fixed assets | 21/28 | €997,248 | €641,876 | -€355,373 | -35.6% |
| Tangible fixed assets | 22/27 | €997,248 | €641,876 | -€355,373 | -35.6% |
| Land and buildings | 22 | €997,248 | €641,876 | -€355,373 | -35.6% |
| Current assets | 29/58 | €27,712 | €402,987 | +€375,275 | +1,354% |
| Amounts receivable within one year | 40/41 | €180 | €270,000 | +€269,820 | +150,309% |
| Other amounts receivable | 41 | €180 | €270,000 | +€269,820 | +150,309% |
| Cash at bank and in hand | 54/58 | €21,752 | €132,987 | +€111,234 | +511% |
| Deferred charges and accrued income | 490/1 | €5,780 | €0 | -€5,780 | -100% |
| Total equity and liabilities | 10/49 | €1,024,960 | €1,044,863 | +€19,902 | +1.9% |
| Equity | 10/15 | €402,367 | €455,035 | +€52,668 | +13.1% |
| Contributions | 10/11 | €75,000 | €75,000 | = | 0.0% |
| Capital | 10 | €75,000 | €75,000 | = | 0.0% |
| Issued capital | 100 | €75,000 | €75,000 | = | 0.0% |
| Reserves | 13 | €315,585 | €380,035 | +€64,450 | +20.4% |
| Non-distributable reserves | 130/1 | €3,661 | €3,661 | = | 0.0% |
| Legal reserve | 130 | €3,661 | €3,661 | = | 0.0% |
| Tax-exempt reserves | 132 | €311,924 | €197,880 | -€114,043 | -36.6% |
| Distributable reserves | 133 | - | €178,493 | +€178,493 | |
| Profit (loss) carried forward | 14 | €11,782 | €0 | -€11,782 | -100% |
| Provisions and deferred taxes | 16 | €103,975 | €65,960 | -€38,014 | -36.6% |
| Deferred taxes | 168 | €103,975 | €65,960 | -€38,014 | -36.6% |
| Amounts payable | 17/49 | €518,619 | €523,868 | +€5,249 | +1.0% |
| Amounts payable after more than one year | 17 | €309,519 | €284,587 | -€24,932 | -8.1% |
| Financial debts | 170/4 | €309,519 | €284,587 | -€24,932 | -8.1% |
| Amounts payable within one year | 42/48 | €207,964 | €239,281 | +€31,317 | +15.1% |
| Current portion of amounts payable after more than one year | 42 | €24,538 | €24,932 | +€394 | +1.6% |
| Trade debts | 44 | €6,475 | €9,165 | +€2,691 | +41.6% |
| Suppliers | 440/4 | €6,475 | €9,165 | +€2,691 | +41.6% |
| Taxes, remuneration and social security | 45 | - | €38,463 | +€38,463 | |
| Taxes | 450/3 | - | €38,463 | +€38,463 | |
| Other amounts payable | 47/48 | €176,951 | €166,720 | -€10,231 | -5.8% |
| Accrued charges and deferred income | 492/3 | €1,136 | €0 | -€1,136 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €32,011 | €22,541 | -€9,470 | -29.6% |
| Other operating charges | 640/8 | €3,809 | €2,296 | -€1,513 | -39.7% |
| Gross operating margin | 9900 | €38,258 | €90,103 | +€51,845 | +136% |
| Operating profit (loss) | 9901 | €2,438 | €65,266 | +€62,828 | +2,577% |
| Financial income | 75/76B | - | €117 | +€117 | |
| Recurring financial income | 75 | - | €117 | +€117 | |
| Financial charges | 65/66B | €5,948 | €5,516 | -€432 | -7.3% |
| Recurring financial charges | 65 | €5,948 | €5,516 | -€432 | -7.3% |
| Profit (loss) for the period before taxes | 9903 | -€3,510 | €59,867 | +€63,377 | |
| Transfer from deferred taxes | 780 | €4,917 | €38,014 | +€33,098 | +673% |
| Income taxes | 67/77 | - | €45,213 | +€45,213 | |
| Profit (loss) for the period | 9904 | €1,407 | €52,668 | +€51,261 | +3,644% |
| Transfer from tax-exempt reserves | 789 | €14,750 | €114,043 | +€99,293 | +673% |
| Profit (loss) for the period to be appropriated | 9905 | €16,157 | €166,711 | +€150,554 | +932% |
Source: filed annual accounts (NBB), financial years ended 30 June 2025 and 30 June 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 13 October 2026 via checked.be.