MIRABLAU: 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.
MIRABLAU
Largest movements
- Tangible fixed assets +€50,708
up €50,708 (+361%), from €14,030 to €64,738
of which Furniture and vehicles: +€57,873
- Receivables within one year -€4,411
down €4,411 (-4.3%), from €102,367 to €97,956
of which Trade receivables: -€4,689
- Short-term financial debts +€18,603
up €18,603 (+514%), from €3,616 to €22,219
- Debts after one year +€13,608
new in 2025: €13,608
- Current portion of long-term debt +€13,449
new in 2025: €13,449
- Other debts +€13,449
new in 2025: €13,449
- Tax, wage and social debts -€11,889
down €11,889 (-49.6%), from €23,948 to €12,060
of which Remuneration and social security: -€13,285
- Depreciation +€57,776
new in 2025: €57,776
- Gross operating margin +€54,263
up €54,263 (+348%), from €15,592 to €69,854
- Financial charges +€3,321
up €3,321 (+58.5%), from €5,682 to €9,003
- Taxes +€2,562
new in 2025: €2,562
- Other operating charges -€1,505
down €1,505 (-85.2%), from €1,765 to €261
From the 2023 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
A cash bridge needs two consecutive financial years: one year's result and depreciation cannot explain a change over several years. Pick two years that follow each other.
Every line side by side
| Line | Code | 2023 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €193,222 | €240,055 | +€46,833 | +24.2% |
| Fixed assets | 21/28 | €14,030 | €64,738 | +€50,708 | +361% |
| Tangible fixed assets | 22/27 | €14,030 | €64,738 | +€50,708 | +361% |
| Plant, machinery and equipment | 23 | €7,165 | €0 | -€7,165 | -100% |
| Furniture and vehicles | 24 | €6,865 | €64,738 | +€57,873 | +843% |
| Current assets | 29/58 | €179,192 | €175,317 | -€3,875 | -2.2% |
| Stocks and contracts in progress | 3 | €76,348 | €77,155 | +€808 | +1.1% |
| Stocks | 30/36 | €57,807 | €77,155 | +€19,349 | +33.5% |
| Contracts in progress | 37 | €18,541 | - | -€18,541 | |
| Amounts receivable within one year | 40/41 | €102,367 | €97,956 | -€4,411 | -4.3% |
| Trade receivables | 40 | €99,842 | €95,153 | -€4,689 | -4.7% |
| Other amounts receivable | 41 | €2,525 | €2,803 | +€278 | +11.0% |
| Cash at bank and in hand | 54/58 | - | €205 | +€205 | |
| Deferred charges and accrued income | 490/1 | €477 | - | -€477 | |
| Total equity and liabilities | 10/49 | €193,222 | €240,055 | +€46,833 | +24.2% |
| Equity | 10/15 | €130,018 | €134,939 | +€4,921 | +3.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €6,860 | €6,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €104,558 | €109,479 | +€4,921 | +4.7% |
| Amounts payable | 17/49 | €63,204 | €105,116 | +€41,912 | +66.3% |
| Amounts payable after more than one year | 17 | - | €13,608 | +€13,608 | |
| Financial debts | 170/4 | - | €13,608 | +€13,608 | |
| Amounts payable within one year | 42/48 | €63,204 | €91,508 | +€28,304 | +44.8% |
| Current portion of amounts payable after more than one year | 42 | - | €13,449 | +€13,449 | |
| Financial debts | 43 | €3,616 | €22,219 | +€18,603 | +514% |
| Credit institutions | 430/8 | €3,616 | €22,219 | +€18,603 | +514% |
| Trade debts | 44 | €35,640 | €30,331 | -€5,308 | -14.9% |
| Suppliers | 440/4 | €35,640 | €30,331 | -€5,308 | -14.9% |
| Taxes, remuneration and social security | 45 | €23,948 | €12,060 | -€11,889 | -49.6% |
| Taxes | 450/3 | €10,663 | €12,060 | +€1,396 | +13.1% |
| Remuneration and social security | 454/9 | €13,285 | - | -€13,285 | |
| Other amounts payable | 47/48 | - | €13,449 | +€13,449 | |
| Remuneration, social security and pensions | 62 | - | €0 | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €57,776 | +€57,776 | |
| Other operating charges | 640/8 | €1,765 | €261 | -€1,505 | -85.2% |
| Gross operating margin | 9900 | €15,592 | €69,854 | +€54,263 | +348% |
| Operating profit (loss) | 9901 | €13,826 | €11,818 | -€2,008 | -14.5% |
| Financial income | 75/76B | €31 | €252 | +€221 | +705% |
| Recurring financial income | 75 | €31 | €252 | +€221 | +705% |
| Financial charges | 65/66B | €5,682 | €9,003 | +€3,321 | +58.5% |
| Recurring financial charges | 65 | €5,682 | €9,003 | +€3,321 | +58.5% |
| Profit (loss) for the period before taxes | 9903 | €8,175 | €3,067 | -€5,109 | -62.5% |
| Income taxes | 67/77 | - | €2,562 | +€2,562 | |
| Profit (loss) for the period | 9904 | €8,175 | €505 | -€7,670 | -93.8% |
| Profit (loss) for the period to be appropriated | 9905 | €8,175 | €505 | -€7,670 | -93.8% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 13 October 2026 via checked.be.