MIRAGE GROUP: 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 GROUP
Largest movements
- Cash -€189,273
down €189,273 (-76.3%), from €248,092 to €58,819
mainly Receivables within one year (-€81,494) and Net result for the year (-€68,352)
- Receivables within one year +€81,494
up €81,494 (+160%), from €50,901 to €132,395
- Profit (loss) carried forward -€68,352
down €68,352, from €33,198 to -€35,154
- Short-term financial debts -€49,181
down €49,181 (-74.0%), from €66,416 to €17,235
of which Credit institutions: -€66,416
- Tax, wage and social debts +€11,340
up €11,340 (+131%), from €8,678 to €20,018
- Gross operating margin -€198,331
down €198,331, from €131,525 to -€66,807
- Taxes -€41,968
no longer reported in 2025 (was €41,968)
- Financial charges -€3,555
down €3,555 (-80.0%), from €4,446 to €891
- Financial income -€2,239
no longer reported in 2025 (was €2,239)
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 | €299,336 | €191,573 | -€107,763 | -36.0% |
| Formation expenses | 20 | - | €0 | = | |
| Current assets | 29/58 | €299,336 | €191,573 | -€107,763 | -36.0% |
| Amounts receivable within one year | 40/41 | €50,901 | €132,395 | +€81,494 | +160% |
| Other amounts receivable | 41 | €50,901 | €132,395 | +€81,494 | +160% |
| Cash at bank and in hand | 54/58 | €248,092 | €58,819 | -€189,273 | -76.3% |
| Deferred charges and accrued income | 490/1 | €343 | €360 | +€17 | +4.8% |
| Total equity and liabilities | 10/49 | €299,336 | €191,573 | -€107,763 | -36.0% |
| Equity | 10/15 | €198,937 | €130,585 | -€68,352 | -34.4% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €159,540 | €159,540 | = | 0.0% |
| Distributable reserves | 133 | €159,540 | €159,540 | = | 0.0% |
| Profit (loss) carried forward | 14 | €33,198 | -€35,154 | -€68,352 | |
| Amounts payable | 17/49 | €100,398 | €60,988 | -€39,411 | -39.3% |
| Amounts payable within one year | 42/48 | €100,398 | €60,988 | -€39,411 | -39.3% |
| Financial debts | 43 | €66,416 | €17,235 | -€49,181 | -74.0% |
| Credit institutions | 430/8 | €66,416 | - | -€66,416 | |
| Other loans | 439 | - | €17,235 | +€17,235 | |
| Trade debts | 44 | €5,189 | €3,231 | -€1,958 | -37.7% |
| Suppliers | 440/4 | €5,189 | €3,231 | -€1,958 | -37.7% |
| Taxes, remuneration and social security | 45 | €8,678 | €20,018 | +€11,340 | +131% |
| Taxes | 450/3 | €8,678 | €20,018 | +€11,340 | +131% |
| Other amounts payable | 47/48 | €20,116 | €20,503 | +€388 | +1.9% |
| Other operating charges | 640/8 | €571 | €654 | +€83 | +14.5% |
| Gross operating margin | 9900 | €131,525 | -€66,807 | -€198,331 | |
| Operating profit (loss) | 9901 | €130,953 | -€67,461 | -€198,414 | |
| Financial income | 75/76B | €2,239 | - | -€2,239 | |
| Recurring financial income | 75 | €2,239 | - | -€2,239 | |
| Financial charges | 65/66B | €4,446 | €891 | -€3,555 | -80.0% |
| Recurring financial charges | 65 | €4,446 | €891 | -€3,555 | -80.0% |
| Profit (loss) for the period before taxes | 9903 | €128,747 | -€68,352 | -€197,098 | |
| Income taxes | 67/77 | €41,968 | - | -€41,968 | |
| Profit (loss) for the period | 9904 | €86,779 | -€68,352 | -€155,130 | |
| Profit (loss) for the period to be appropriated | 9905 | €86,779 | -€68,352 | -€155,130 |
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 20 October 2026 via checked.be.