Mirabel: 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.
Mirabel
Largest movements
- Current investments -€160,827
no longer reported in 2025 (was €160,827)
- Cash +€44,563
up €44,563 (+110.3%), from €40,409 to €84,972
mainly Current investments (+€160,827) and Net result for the year (+€106,230)
- Deferred charges and accrued income +€2,841
up €2,841 (+146.1%), from €1,944 to €4,785
- Reserves -€190,732
no longer reported in 2025 (was €190,732)
- Profit (loss) carried forward +€106,230
new in 2025: €106,230
- Tax, wage and social debts -€22,118
down €22,118 (-82.3%), from €26,874 to €4,756
- Gross operating margin +€26,352
up €26,352 (+23.2%), from €113,791 to €140,144
- Taxes +€6,651
up €6,651 (+27.5%), from €24,223 to €30,873
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 | €228,340 | €117,813 | -€110,527 | -48.4% |
| Fixed assets | 21/28 | €3,236 | €4,623 | +€1,388 | +42.9% |
| Tangible fixed assets | 22/27 | €3,236 | €4,623 | +€1,388 | +42.9% |
| Furniture and vehicles | 24 | €3,236 | €4,623 | +€1,388 | +42.9% |
| Current assets | 29/58 | €225,104 | €113,190 | -€111,914 | -49.7% |
| Amounts receivable within one year | 40/41 | €21,924 | €23,433 | +€1,509 | +6.9% |
| Trade receivables | 40 | €21,357 | €21,386 | +€29 | +0.1% |
| Other amounts receivable | 41 | €568 | €2,047 | +€1,479 | +260.6% |
| Current investments | 50/53 | €160,827 | - | -€160,827 | |
| Cash at bank and in hand | 54/58 | €40,409 | €84,972 | +€44,563 | +110.3% |
| Deferred charges and accrued income | 490/1 | €1,944 | €4,785 | +€2,841 | +146.1% |
| Total equity and liabilities | 10/49 | €228,340 | €117,813 | -€110,527 | -48.4% |
| Equity | 10/15 | €195,732 | €111,230 | -€84,502 | -43.2% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €190,732 | - | -€190,732 | |
| Distributable reserves | 133 | €190,732 | - | -€190,732 | |
| Profit (loss) carried forward | 14 | - | €106,230 | +€106,230 | |
| Amounts payable | 17/49 | €32,608 | €6,583 | -€26,025 | -79.8% |
| Amounts payable within one year | 42/48 | €32,608 | €6,583 | -€26,025 | -79.8% |
| Trade debts | 44 | €3,858 | €1,827 | -€2,031 | -52.6% |
| Suppliers | 440/4 | €3,858 | €1,827 | -€2,031 | -52.6% |
| Taxes, remuneration and social security | 45 | €26,874 | €4,756 | -€22,118 | -82.3% |
| Taxes | 450/3 | €26,874 | €4,756 | -€22,118 | -82.3% |
| Other amounts payable | 47/48 | €1,876 | - | -€1,876 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €283 | €1,479 | +€1,195 | +421.6% |
| Other operating charges | 640/8 | €1,067 | €625 | -€442 | -41.4% |
| Gross operating margin | 9900 | €113,791 | €140,144 | +€26,352 | +23.2% |
| Operating profit (loss) | 9901 | €112,441 | €138,040 | +€25,599 | +22.8% |
| Financial income | 75/76B | €3,670 | €3,628 | -€42 | -1.1% |
| Recurring financial income | 75 | €3,670 | €3,628 | -€42 | -1.1% |
| Financial charges | 65/66B | €5,070 | €4,565 | -€505 | -10.0% |
| Recurring financial charges | 65 | €5,070 | €4,565 | -€505 | -10.0% |
| Profit (loss) for the period before taxes | 9903 | €111,040 | €137,103 | +€26,063 | +23.5% |
| Income taxes | 67/77 | €24,223 | €30,873 | +€6,651 | +27.5% |
| Profit (loss) for the period | 9904 | €86,818 | €106,230 | +€19,412 | +22.4% |
| Profit (loss) for the period to be appropriated | 9905 | €86,818 | €106,230 | +€19,412 | +22.4% |
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.