MIRAM: what changed
Two fiscal 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.
MIRAM
Largest movements
- Receivables within one year +€33,293
up €33,293 (+262.7%), from €12,675 to €45,968
of which Trade receivables: +€34,739
- Cash -€22,122
down €22,122 (-25.6%), from €86,397 to €64,274
mainly Contributions, distributions and other (-€61,252) and Receivables within one year (-€33,293)
- Tangible fixed assets +€3,987
up €3,987 (+150.5%), from €2,650 to €6,636
of which Plant, machinery and equipment: +€2,375
- Other debts +€22,263
up €22,263 (+34.1%), from €65,258 to €87,521
- Trade debts -€3,433
down €3,433 (-64.3%), from €5,338 to €1,905
- Tax, wage and social debts -€2,075
down €2,075 (-19.3%), from €10,748 to €8,673
- Current portion of long-term debt -€1,487
no longer reported in 2025 (was €1,487)
- Gross operating margin +€27,842
up €27,842 (+51.5%), from €54,014 to €81,856
- Taxes +€5,301
up €5,301 (+50.2%), from €10,554 to €15,855
- Depreciation -€3,284
down €3,284 (-45.2%), from €7,272 to €3,987
- Other operating charges -€862
down €862 (-60.2%), from €1,433 to €571
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 | €103,291 | €118,560 | +€15,269 | +14.8% |
| Fixed assets | 21/28 | €2,950 | €7,236 | +€4,287 | +145.3% |
| Tangible fixed assets | 22/27 | €2,650 | €6,636 | +€3,987 | +150.5% |
| Plant, machinery and equipment | 23 | €1,520 | €3,894 | +€2,375 | +156.3% |
| Furniture and vehicles | 24 | €1,130 | €2,742 | +€1,612 | +142.6% |
| Financial fixed assets | 28 | €300 | €600 | +€300 | +100.0% |
| Current assets | 29/58 | €100,341 | €111,324 | +€10,983 | +10.9% |
| Amounts receivable within one year | 40/41 | €12,675 | €45,968 | +€33,293 | +262.7% |
| Trade receivables | 40 | €11,229 | €45,968 | +€34,739 | +309.4% |
| Other amounts receivable | 41 | €1,446 | - | -€1,446 | |
| Cash at bank and in hand | 54/58 | €86,397 | €64,274 | -€22,122 | -25.6% |
| Deferred charges and accrued income | 490/1 | €1,269 | €1,082 | -€188 | -14.8% |
| Total equity and liabilities | 10/49 | €103,291 | €118,560 | +€15,269 | +14.8% |
| Equity | 10/15 | €20,460 | €20,460 | = | 0.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Amounts payable | 17/49 | €82,831 | €98,100 | +€15,269 | +18.4% |
| Amounts payable within one year | 42/48 | €82,831 | €98,100 | +€15,269 | +18.4% |
| Current portion of amounts payable after more than one year | 42 | €1,487 | - | -€1,487 | |
| Trade debts | 44 | €5,338 | €1,905 | -€3,433 | -64.3% |
| Suppliers | 440/4 | €5,338 | €1,905 | -€3,433 | -64.3% |
| Taxes, remuneration and social security | 45 | €10,748 | €8,673 | -€2,075 | -19.3% |
| Taxes | 450/3 | €10,748 | €8,673 | -€2,075 | -19.3% |
| Other amounts payable | 47/48 | €65,258 | €87,521 | +€22,263 | +34.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,272 | €3,987 | -€3,284 | -45.2% |
| Other operating charges | 640/8 | €1,433 | €571 | -€862 | -60.2% |
| Gross operating margin | 9900 | €54,014 | €81,856 | +€27,842 | +51.5% |
| Operating profit (loss) | 9901 | €45,309 | €77,297 | +€31,988 | +70.6% |
| Financial income | 75/76B | €74 | €1 | -€74 | -99.0% |
| Recurring financial income | 75 | €74 | €1 | -€74 | -99.0% |
| Financial charges | 65/66B | €143 | €191 | +€48 | +33.5% |
| Recurring financial charges | 65 | €143 | €184 | +€41 | +28.7% |
| Non-recurring financial charges | 66B | - | €7 | +€7 | |
| Profit (loss) for the period before taxes | 9903 | €45,241 | €77,107 | +€31,866 | +70.4% |
| Income taxes | 67/77 | €10,554 | €15,855 | +€5,301 | +50.2% |
| Profit (loss) for the period | 9904 | €34,687 | €61,252 | +€26,565 | +76.6% |
| Profit (loss) for the period to be appropriated | 9905 | €34,687 | €61,252 | +€26,565 | +76.6% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.