Miradal Management: what changed
Miradal Management
Largest movements
- Cash +€140,554
up €140,554 (+102%), from €138,229 to €278,783
- Receivables within one year +€37,194
new in 2025: €37,194
of which Trade receivables: +€30,858
- Tangible fixed assets +€7,047
up €7,047 (+645%), from €1,092 to €8,139
- Profit (loss) carried forward +€201,526
up €201,526 (+259%), from €77,708 to €279,234
- Other debts -€16,120
no longer reported in 2025 (was €16,120)
- Tax, wage and social debts +€4,986
up €4,986 (+14.1%), from €35,271 to €40,257
- Trade debts -€3,525
down €3,525 (-67.5%), from €5,223 to €1,697
- Gross operating margin +€57,627
up €57,627 (+58.8%), from €98,076 to €155,703
- Taxes +€14,150
up €14,150 (+70.6%), from €20,030 to €34,180
- Staff costs +€3,028
new in 2025: €3,028
Change in the result, 2023 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises 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 | €139,321 | €326,188 | +€186,867 | +134% |
| Fixed assets | 21/28 | €1,092 | €8,139 | +€7,047 | +645% |
| Tangible fixed assets | 22/27 | €1,092 | €8,139 | +€7,047 | +645% |
| Plant, machinery and equipment | 23 | €1,092 | €4,254 | +€3,161 | +289% |
| Furniture and vehicles | 24 | - | €2,359 | +€2,359 | |
| Other tangible fixed assets | 26 | - | €1,526 | +€1,526 | |
| Current assets | 29/58 | €138,229 | €318,049 | +€179,820 | +130% |
| Amounts receivable within one year | 40/41 | - | €37,194 | +€37,194 | |
| Trade receivables | 40 | - | €30,858 | +€30,858 | |
| Other amounts receivable | 41 | - | €6,335 | +€6,335 | |
| Cash at bank and in hand | 54/58 | €138,229 | €278,783 | +€140,554 | +102% |
| Deferred charges and accrued income | 490/1 | - | €2,073 | +€2,073 | |
| Total equity and liabilities | 10/49 | €139,321 | €326,188 | +€186,867 | +134% |
| Equity | 10/15 | €82,708 | €284,234 | +€201,526 | +244% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €77,708 | €279,234 | +€201,526 | +259% |
| Amounts payable | 17/49 | €56,614 | €41,954 | -€14,659 | -25.9% |
| Amounts payable within one year | 42/48 | €56,614 | €41,954 | -€14,659 | -25.9% |
| Trade debts | 44 | €5,223 | €1,697 | -€3,525 | -67.5% |
| Suppliers | 440/4 | €5,223 | €1,697 | -€3,525 | -67.5% |
| Taxes, remuneration and social security | 45 | €35,271 | €40,257 | +€4,986 | +14.1% |
| Taxes | 450/3 | €35,271 | €40,257 | +€4,986 | +14.1% |
| Other amounts payable | 47/48 | €16,120 | - | -€16,120 | |
| Remuneration, social security and pensions | 62 | - | €3,028 | +€3,028 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €307 | €1,319 | +€1,012 | +329% |
| Gross operating margin | 9900 | €98,076 | €155,703 | +€57,627 | +58.8% |
| Operating profit (loss) | 9901 | €97,769 | €151,355 | +€53,587 | +54.8% |
| Financial income | 75/76B | - | €213 | +€213 | |
| Recurring financial income | 75 | - | €213 | +€213 | |
| Financial charges | 65/66B | €31 | €592 | +€561 | +1,810% |
| Recurring financial charges | 65 | €31 | €592 | +€561 | +1,810% |
| Profit (loss) for the period before taxes | 9903 | €97,738 | €150,976 | +€53,238 | +54.5% |
| Income taxes | 67/77 | €20,030 | €34,180 | +€14,150 | +70.6% |
| Profit (loss) for the period | 9904 | €77,708 | €116,795 | +€39,088 | +50.3% |
| Profit (loss) for the period to be appropriated | 9905 | €77,708 | €116,795 | +€39,088 | +50.3% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 June 2023 and 30 June 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.