MIRABELLO: 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.
MIRABELLO
Largest movements
- Receivables within one year -€787,806
down €787,806 (-28.2%), from €2.8m to €2.0m
- Debts after one year -€816,175
no longer reported in 2025 (was €816,175)
- Profit (loss) carried forward +€125,415
up €125,415 (+73.9%), from €169,617 to €295,032
- Current portion of long-term debt -€76,953
no longer reported in 2025 (was €76,953)
- Turnover +€33,464
up €33,464 (+17.6%), from €189,694 to €223,157
- Gross operating margin +€14,024
up €14,024 (+5.8%), from €243,220 to €257,243
- Depreciation -€10,719
down €10,719 (-14.0%), from €76,562 to €65,843
- Purchases and services +€8,710
up €8,710 (+10.6%), from €81,952 to €90,662
- Taxes +€4,128
up €4,128 (+9.9%), from €41,549 to €45,677
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 | €3,945,579 | €3,172,915 | -€772,664 | -19.6% |
| Fixed assets | 21/28 | €1,087,639 | €1,067,609 | -€20,030 | -1.8% |
| Tangible fixed assets | 22/27 | €1,087,639 | €1,067,609 | -€20,030 | -1.8% |
| Land and buildings | 22 | €1,087,639 | €1,067,609 | -€20,030 | -1.8% |
| Current assets | 29/58 | €2,857,940 | €2,105,306 | -€752,634 | -26.3% |
| Amounts receivable within one year | 40/41 | €2,798,311 | €2,010,505 | -€787,806 | -28.2% |
| Other amounts receivable | 41 | €2,798,311 | €2,010,505 | -€787,806 | -28.2% |
| Cash at bank and in hand | 54/58 | €58,110 | €93,865 | +€35,755 | +61.5% |
| Deferred charges and accrued income | 490/1 | €1,519 | €936 | -€583 | -38.4% |
| Total equity and liabilities | 10/49 | €3,945,579 | €3,172,915 | -€772,664 | -19.6% |
| Equity | 10/15 | €2,506,328 | €2,612,189 | +€105,861 | +4.2% |
| Contributions | 10/11 | €1,998,022 | €1,998,022 | = | 0.0% |
| Capital | 10 | €1,998,022 | €1,998,022 | = | 0.0% |
| Issued capital | 100 | €1,998,022 | €1,998,022 | = | 0.0% |
| Reserves | 13 | €338,689 | €319,135 | -€19,554 | -5.8% |
| Tax-exempt reserves | 132 | €338,689 | €319,135 | -€19,554 | -5.8% |
| Profit (loss) carried forward | 14 | €169,617 | €295,032 | +€125,415 | +73.9% |
| Provisions and deferred taxes | 16 | €112,896 | €106,378 | -€6,518 | -5.8% |
| Deferred taxes | 168 | €112,896 | €106,378 | -€6,518 | -5.8% |
| Amounts payable | 17/49 | €1,326,355 | €454,348 | -€872,007 | -65.7% |
| Amounts payable after more than one year | 17 | €816,175 | - | -€816,175 | |
| Financial debts | 170/4 | €816,175 | - | -€816,175 | |
| Amounts payable within one year | 42/48 | €505,483 | €451,845 | -€53,639 | -10.6% |
| Current portion of amounts payable after more than one year | 42 | €76,953 | - | -€76,953 | |
| Taxes, remuneration and social security | 45 | €426,311 | €449,626 | +€23,315 | +5.5% |
| Taxes | 450/3 | €426,311 | €449,626 | +€23,315 | +5.5% |
| Other amounts payable | 47/48 | €2,219 | €2,219 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €4,697 | €2,504 | -€2,193 | -46.7% |
| Turnover | 70 | €189,694 | €223,157 | +€33,464 | +17.6% |
| Goods, raw materials, services and sundry goods | 60/61 | €81,952 | €90,662 | +€8,710 | +10.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €76,562 | €65,843 | -€10,719 | -14.0% |
| Other operating charges | 640/8 | €968 | €998 | +€31 | +3.2% |
| Gross operating margin | 9900 | €243,220 | €257,243 | +€14,024 | +5.8% |
| Operating profit (loss) | 9901 | €165,690 | €190,401 | +€24,712 | +14.9% |
| Financial charges | 65/66B | €41,719 | €45,382 | +€3,663 | +8.8% |
| Recurring financial charges | 65 | €41,719 | €45,382 | +€3,663 | +8.8% |
| Profit (loss) for the period before taxes | 9903 | €123,971 | €145,019 | +€21,048 | +17.0% |
| Transfer from deferred taxes | 780 | €6,559 | €6,518 | -€41 | -0.6% |
| Income taxes | 67/77 | €41,549 | €45,677 | +€4,128 | +9.9% |
| Profit (loss) for the period | 9904 | €88,981 | €105,861 | +€16,879 | +19.0% |
| Transfer from tax-exempt reserves | 789 | €19,676 | €19,554 | -€122 | -0.6% |
| Profit (loss) for the period to be appropriated | 9905 | €108,658 | €125,415 | +€16,757 | +15.4% |
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 29 September 2026 via checked.be.