MIRAGE: 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.
MIRAGE
Largest movements
- Cash -€30,979
down €30,979 (-70.1%), from €44,216 to €13,237
mainly Other debts (-€22,215) and Net result for the year (-€17,899)
- Tangible fixed assets -€19,837
down €19,837 (-11.3%), from €176,143 to €156,306
of which Land and buildings: -€19,603
- Deferred charges and accrued income -€11,574
down €11,574 (-81.1%), from €14,267 to €2,693
- Receivables within one year +€8,289
up €8,289 (+198%), from €4,182 to €12,471
- Other debts -€22,215
down €22,215 (-93.7%), from €23,705 to €1,490
- Profit (loss) carried forward -€12,135
down €12,135 (-25.3%), from €47,921 to €35,786
- Debts after one year -€9,475
no longer reported in 2025 (was €9,475)
- Current portion of long-term debt -€6,736
down €6,736 (-41.3%), from €16,296 to €9,560
- Tax, wage and social debts +€5,976
up €5,976 (+232%), from €2,578 to €8,554
of which Remuneration and social security: +€5,125
- Turnover -€92,883
no longer reported in 2025 (was €92,883)
- Gross operating margin -€34,177
down €34,177 (-46.5%), from €73,475 to €39,298
- Purchases and services -€19,408
no longer reported in 2025 (was €19,408)
- Staff costs +€14,160
up €14,160 (+64.4%), from €22,001 to €36,161
- Taxes -€4,226
no longer reported in 2025 (was €4,226)
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 | €239,379 | €185,586 | -€53,793 | -22.5% |
| Fixed assets | 21/28 | €176,714 | €157,185 | -€19,529 | -11.1% |
| Tangible fixed assets | 22/27 | €176,143 | €156,306 | -€19,837 | -11.3% |
| Land and buildings | 22 | €175,387 | €155,784 | -€19,603 | -11.2% |
| Furniture and vehicles | 24 | €756 | €522 | -€234 | -31.0% |
| Financial fixed assets | 28 | €571 | €879 | +€308 | +53.9% |
| Current assets | 29/58 | €62,665 | €28,401 | -€34,264 | -54.7% |
| Amounts receivable within one year | 40/41 | €4,182 | €12,471 | +€8,289 | +198% |
| Other amounts receivable | 41 | €4,182 | €12,471 | +€8,289 | +198% |
| Cash at bank and in hand | 54/58 | €44,216 | €13,237 | -€30,979 | -70.1% |
| Deferred charges and accrued income | 490/1 | €14,267 | €2,693 | -€11,574 | -81.1% |
| Total equity and liabilities | 10/49 | €239,379 | €185,586 | -€53,793 | -22.5% |
| Equity | 10/15 | €142,254 | €124,354 | -€17,900 | -12.6% |
| Contributions | 10/11 | €6,197 | €6,197 | = | 0.0% |
| Reserves | 13 | €88,136 | €82,371 | -€5,765 | -6.5% |
| Tax-exempt reserves | 132 | €88,136 | €82,371 | -€5,765 | -6.5% |
| Profit (loss) carried forward | 14 | €47,921 | €35,786 | -€12,135 | -25.3% |
| Provisions and deferred taxes | 16 | €43,861 | €41,009 | -€2,852 | -6.5% |
| Deferred taxes | 168 | €43,861 | €41,009 | -€2,852 | -6.5% |
| Amounts payable | 17/49 | €53,264 | €20,223 | -€33,041 | -62.0% |
| Amounts payable after more than one year | 17 | €9,475 | - | -€9,475 | |
| Financial debts | 170/4 | €9,475 | - | -€9,475 | |
| Amounts payable within one year | 42/48 | €43,789 | €20,223 | -€23,566 | -53.8% |
| Current portion of amounts payable after more than one year | 42 | €16,296 | €9,560 | -€6,736 | -41.3% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €1,210 | €619 | -€591 | -48.8% |
| Suppliers | 440/4 | €1,210 | €619 | -€591 | -48.8% |
| Taxes, remuneration and social security | 45 | €2,578 | €8,554 | +€5,976 | +232% |
| Taxes | 450/3 | - | €851 | +€851 | |
| Remuneration and social security | 454/9 | €2,578 | €7,703 | +€5,125 | +199% |
| Other amounts payable | 47/48 | €23,705 | €1,490 | -€22,215 | -93.7% |
| Turnover | 70 | €92,883 | - | -€92,883 | |
| Non-recurring operating income | 76A | €27,313 | - | -€27,313 | |
| Goods, raw materials, services and sundry goods | 60/61 | €19,408 | - | -€19,408 | |
| Remuneration, social security and pensions | 62 | €22,001 | €36,161 | +€14,160 | +64.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,836 | €19,837 | +€1 | 0.0% |
| Other operating charges | 640/8 | €4,831 | €3,608 | -€1,223 | -25.3% |
| Gross operating margin | 9900 | €73,475 | €39,298 | -€34,177 | -46.5% |
| Operating profit (loss) | 9901 | €26,807 | -€20,308 | -€47,115 | |
| Financial income | 75/76B | €1 | €192 | +€191 | +19,100% |
| Recurring financial income | 75 | €1 | €192 | +€191 | +19,100% |
| Financial charges | 65/66B | €863 | €635 | -€228 | -26.4% |
| Recurring financial charges | 65 | €863 | €635 | -€228 | -26.4% |
| Profit (loss) for the period before taxes | 9903 | €25,945 | -€20,751 | -€46,696 | |
| Transfer from deferred taxes | 780 | €2,852 | €2,852 | = | 0.0% |
| Income taxes | 67/77 | €4,226 | - | -€4,226 | |
| Profit (loss) for the period | 9904 | €24,571 | -€17,899 | -€42,470 | |
| Transfer from tax-exempt reserves | 789 | €5,764 | €5,764 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €30,335 | -€12,135 | -€42,470 |
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 25 October 2026 via checked.be.