MIRADENT: 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.
MIRADENT
Largest movements
- Cash +€446,938
up €446,938 (+411.9%), from €108,512 to €555,450
mainly Net result for the year (+€381,236) and Current investments (+€164,794)
- Current investments -€164,794
down €164,794 (-14.7%), from €1.1m to €953,216
- Intangible fixed assets -€56,082
down €56,082 (-11.3%), from €498,440 to €442,358
- Reserves +€163,326
up €163,326 (+8.9%), from €1.8m to €2.0m
- Short-term financial debts +€43,732
new in 2025: €43,732
- Financial income -€286,295
down €286,295 (-93.6%), from €305,954 to €19,659
of which Non-recurring financial income: -€298,266
- Gross operating margin +€67,856
up €67,856 (+9.4%), from €724,133 to €791,989
- Financial charges +€49,173
up €49,173 (+2527.2%), from €1,946 to €51,119
of which Non-recurring financial charges: +€45,700
- Taxes -€18,540
down €18,540 (-8.9%), from €207,194 to €188,654
- Depreciation +€8,163
up €8,163 (+9.0%), from €91,080 to €99,243
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 | €1,951,588 | €2,157,564 | +€205,976 | +10.6% |
| Fixed assets | 21/28 | €709,298 | €633,163 | -€76,135 | -10.7% |
| Intangible fixed assets | 21 | €498,440 | €442,358 | -€56,082 | -11.3% |
| Tangible fixed assets | 22/27 | €210,857 | €190,805 | -€20,053 | -9.5% |
| Plant, machinery and equipment | 23 | €97,450 | €98,242 | +€792 | +0.8% |
| Furniture and vehicles | 24 | €63,184 | €49,324 | -€13,860 | -21.9% |
| Other tangible fixed assets | 26 | €50,223 | €43,238 | -€6,984 | -13.9% |
| Current assets | 29/58 | €1,242,290 | €1,524,401 | +€282,111 | +22.7% |
| Current investments | 50/53 | €1,118,010 | €953,216 | -€164,794 | -14.7% |
| Cash at bank and in hand | 54/58 | €108,512 | €555,450 | +€446,938 | +411.9% |
| Deferred charges and accrued income | 490/1 | €15,769 | €15,736 | -€33 | -0.2% |
| Total equity and liabilities | 10/49 | €1,951,588 | €2,157,564 | +€205,976 | +10.6% |
| Equity | 10/15 | €1,836,024 | €1,999,349 | +€163,326 | +8.9% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €1,835,024 | €1,998,349 | +€163,326 | +8.9% |
| Distributable reserves | 133 | €1,835,024 | €1,998,349 | +€163,326 | +8.9% |
| Amounts payable | 17/49 | €115,564 | €158,215 | +€42,651 | +36.9% |
| Amounts payable after more than one year | 17 | €6,249 | - | -€6,249 | |
| Financial debts | 170/4 | €6,249 | - | -€6,249 | |
| Amounts payable within one year | 42/48 | €109,042 | €157,992 | +€48,950 | +44.9% |
| Current portion of amounts payable after more than one year | 42 | €10,588 | €6,249 | -€4,339 | -41.0% |
| Financial debts | 43 | - | €43,732 | +€43,732 | |
| Credit institutions | 430/8 | - | €43,732 | +€43,732 | |
| Trade debts | 44 | €22,646 | €17,517 | -€5,129 | -22.6% |
| Suppliers | 440/4 | €22,646 | €17,517 | -€5,129 | -22.6% |
| Taxes, remuneration and social security | 45 | €59,610 | €76,169 | +€16,560 | +27.8% |
| Taxes | 450/3 | €51,445 | €65,785 | +€14,340 | +27.9% |
| Remuneration and social security | 454/9 | €8,165 | €10,385 | +€2,220 | +27.2% |
| Other amounts payable | 47/48 | €16,199 | €14,325 | -€1,874 | -11.6% |
| Accrued charges and deferred income | 492/3 | €273 | €223 | -€50 | -18.4% |
| Non-recurring operating income | 76A | €8,500 | - | -€8,500 | |
| Remuneration, social security and pensions | 62 | €79,182 | €87,245 | +€8,063 | +10.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €91,080 | €99,243 | +€8,163 | +9.0% |
| Other operating charges | 640/8 | €4,722 | €4,150 | -€571 | -12.1% |
| Non-recurring operating charges | 66A | €8,126 | - | -€8,126 | |
| Gross operating margin | 9900 | €724,133 | €791,989 | +€67,856 | +9.4% |
| Operating profit (loss) | 9901 | €541,023 | €601,350 | +€60,327 | +11.2% |
| Financial income | 75/76B | €305,954 | €19,659 | -€286,295 | -93.6% |
| Recurring financial income | 75 | €6,704 | €18,675 | +€11,971 | +178.6% |
| Non-recurring financial income | 76B | €299,250 | €984 | -€298,266 | -99.7% |
| Financial charges | 65/66B | €1,946 | €51,119 | +€49,173 | +2527.2% |
| Recurring financial charges | 65 | €1,946 | €5,419 | +€3,473 | +178.5% |
| Non-recurring financial charges | 66B | - | €45,700 | +€45,700 | |
| Profit (loss) for the period before taxes | 9903 | €845,031 | €569,890 | -€275,141 | -32.6% |
| Income taxes | 67/77 | €207,194 | €188,654 | -€18,540 | -8.9% |
| Profit (loss) for the period | 9904 | €637,837 | €381,236 | -€256,601 | -40.2% |
| Profit (loss) for the period to be appropriated | 9905 | €637,837 | €381,236 | -€256,601 | -40.2% |
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 12 October 2026 via checked.be.