MIRAcam: 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.
MIRAcam
Largest movements
- Tangible fixed assets -€258,706
down €258,706 (-23.8%), from €1.1m to €827,326
of which Leasing and similar rights: -€196,462
- Intangible fixed assets -€31,107
down €31,107 (-21.3%), from €145,757 to €114,650
- Receivables within one year +€25,354
up €25,354 (+8.0%), from €318,892 to €344,246
of which Other amounts receivable: +€17,258
- Cash +€20,506
up €20,506 (+15.7%), from €130,750 to €151,256
mainly Depreciation (+€468,178) and Net result for the year (+€18,767)
- Debts after one year -€176,013
down €176,013 (-27.4%), from €641,228 to €465,215
- Trade debts -€109,251
down €109,251 (-41.4%), from €264,008 to €154,757
- Profit (loss) carried forward +€18,767
up €18,767 (+4.9%), from €382,883 to €401,650
- Current portion of long-term debt +€17,021
up €17,021 (+6.4%), from €265,078 to €282,099
- Gross operating margin -€110,565
down €110,565 (-15.2%), from €726,670 to €616,105
- Staff costs -€29,972
down €29,972 (-29.8%), from €100,464 to €70,492
- Depreciation -€27,029
down €27,029 (-5.5%), from €495,208 to €468,178
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.
Derived cash bridge
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 | €1,699,317 | €1,457,997 | -€241,321 | -14.2% |
| Fixed assets | 21/28 | €1,246,788 | €956,975 | -€289,813 | -23.2% |
| Intangible fixed assets | 21 | €145,757 | €114,650 | -€31,107 | -21.3% |
| Tangible fixed assets | 22/27 | €1,086,031 | €827,326 | -€258,706 | -23.8% |
| Plant, machinery and equipment | 23 | €501,327 | €427,809 | -€73,518 | -14.7% |
| Furniture and vehicles | 24 | €0 | €16,977 | +€16,977 | |
| Leasing and similar rights | 25 | €522,657 | €326,195 | -€196,462 | -37.6% |
| Other tangible fixed assets | 26 | €62,047 | €56,344 | -€5,703 | -9.2% |
| Financial fixed assets | 28 | €15,000 | €15,000 | = | 0.0% |
| Current assets | 29/58 | €452,529 | €501,021 | +€48,492 | +10.7% |
| Amounts receivable within one year | 40/41 | €318,892 | €344,246 | +€25,354 | +8.0% |
| Trade receivables | 40 | €295,017 | €303,112 | +€8,096 | +2.7% |
| Other amounts receivable | 41 | €23,876 | €41,134 | +€17,258 | +72.3% |
| Cash at bank and in hand | 54/58 | €130,750 | €151,256 | +€20,506 | +15.7% |
| Deferred charges and accrued income | 490/1 | €2,887 | €5,519 | +€2,632 | +91.2% |
| Total equity and liabilities | 10/49 | €1,699,317 | €1,457,997 | -€241,321 | -14.2% |
| Equity | 10/15 | €390,943 | €409,710 | +€18,767 | +4.8% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €382,883 | €401,650 | +€18,767 | +4.9% |
| Amounts payable | 17/49 | €1,308,375 | €1,048,286 | -€260,088 | -19.9% |
| Amounts payable after more than one year | 17 | €641,228 | €465,215 | -€176,013 | -27.4% |
| Financial debts | 170/4 | €641,228 | €465,215 | -€176,013 | -27.4% |
| Amounts payable within one year | 42/48 | €667,147 | €583,071 | -€84,076 | -12.6% |
| Current portion of amounts payable after more than one year | 42 | €265,078 | €282,099 | +€17,021 | +6.4% |
| Financial debts | 43 | €125,000 | €125,000 | = | 0.0% |
| Credit institutions | 430/8 | €125,000 | €125,000 | = | 0.0% |
| Trade debts | 44 | €264,008 | €154,757 | -€109,251 | -41.4% |
| Suppliers | 440/4 | €264,008 | €154,757 | -€109,251 | -41.4% |
| Taxes, remuneration and social security | 45 | €10,901 | €21,215 | +€10,314 | +94.6% |
| Taxes | 450/3 | €3,109 | €18,176 | +€15,066 | +485% |
| Remuneration and social security | 454/9 | €7,792 | €3,039 | -€4,752 | -61.0% |
| Other amounts payable | 47/48 | €2,160 | - | -€2,160 | |
| Non-recurring operating income | 76A | €94,938 | €14,685 | -€80,253 | -84.5% |
| Remuneration, social security and pensions | 62 | €100,464 | €70,492 | -€29,972 | -29.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €495,208 | €468,178 | -€27,029 | -5.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €5,557 | -€301 | -€5,858 | |
| Other operating charges | 640/8 | €4,556 | €6,118 | +€1,562 | +34.3% |
| Non-recurring operating charges | 66A | €11,710 | - | -€11,710 | |
| Gross operating margin | 9900 | €726,670 | €616,105 | -€110,565 | -15.2% |
| Operating profit (loss) | 9901 | €109,176 | €71,618 | -€37,558 | -34.4% |
| Financial income | 75/76B | €3,675 | €891 | -€2,783 | -75.7% |
| Recurring financial income | 75 | €3,675 | €891 | -€2,783 | -75.7% |
| Financial charges | 65/66B | €58,256 | €51,105 | -€7,151 | -12.3% |
| Recurring financial charges | 65 | €58,256 | €51,105 | -€7,151 | -12.3% |
| Profit (loss) for the period before taxes | 9903 | €54,595 | €21,404 | -€33,191 | -60.8% |
| Income taxes | 67/77 | €3,118 | €2,637 | -€481 | -15.4% |
| Profit (loss) for the period | 9904 | €51,477 | €18,767 | -€32,709 | -63.5% |
| Profit (loss) for the period to be appropriated | 9905 | €51,477 | €18,767 | -€32,709 | -63.5% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.