MIRAMAR: 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.
MIRAMAR
Largest movements
- Cash -€33,251
no longer reported in 2025 (was €33,251)
mainly Provisions (-€43,005) and Deferred charges and accrued income (-€30,019)
- Deferred charges and accrued income +€30,019
new in 2025: €30,019
- Provisions -€43,005
down €43,005 (-45.2%), from €95,209 to €52,204
- Profit (loss) carried forward +€38,013
up €38,013 (+24.8%), from -€153,355 to -€115,342
- Write-downs -€51,678
no longer reported in 2025 (was €51,678)
- Gross operating margin +€5,056
up €5,056 (+57.4%), from -€8,810 to -€3,754
- Other operating charges -€961
down €961 (-43.6%), from €2,202 to €1,241
- Financial charges -€100
no longer reported in 2025 (was €100)
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 | €333,337 | €329,534 | -€3,804 | -1.1% |
| Fixed assets | 21/28 | €225 | €225 | = | 0.0% |
| Financial fixed assets | 28 | €225 | €225 | = | 0.0% |
| Current assets | 29/58 | €333,112 | €329,309 | -€3,804 | -1.1% |
| Amounts receivable within one year | 40/41 | €299,861 | €299,289 | -€572 | -0.2% |
| Other amounts receivable | 41 | €299,861 | €299,289 | -€572 | -0.2% |
| Cash at bank and in hand | 54/58 | €33,251 | - | -€33,251 | |
| Deferred charges and accrued income | 490/1 | - | €30,019 | +€30,019 | |
| Total equity and liabilities | 10/49 | €333,337 | €329,534 | -€3,804 | -1.1% |
| Equity | 10/15 | €234,698 | €272,711 | +€38,013 | +16.2% |
| Contributions | 10/11 | €123,947 | €123,947 | = | 0.0% |
| Capital | 10 | €123,947 | €123,947 | = | 0.0% |
| Issued capital | 100 | €123,947 | €123,947 | = | 0.0% |
| Reserves | 13 | €264,106 | €264,106 | = | 0.0% |
| Non-distributable reserves | 130/1 | €12,395 | €12,395 | = | 0.0% |
| Legal reserve | 130 | €12,395 | €12,395 | = | 0.0% |
| Tax-exempt reserves | 132 | €251,712 | €251,712 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€153,355 | -€115,342 | +€38,013 | +24.8% |
| Provisions and deferred taxes | 16 | €95,209 | €52,204 | -€43,005 | -45.2% |
| Deferred taxes | 168 | €95,209 | €52,204 | -€43,005 | -45.2% |
| Amounts payable | 17/49 | €3,430 | €4,619 | +€1,188 | +34.6% |
| Amounts payable within one year | 42/48 | €3,430 | €4,619 | +€1,188 | +34.6% |
| Trade debts | 44 | €1,248 | €2,436 | +€1,188 | +95.2% |
| Suppliers | 440/4 | €1,248 | €2,436 | +€1,188 | +95.2% |
| Other amounts payable | 47/48 | €2,182 | €2,182 | = | 0.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €51,678 | - | -€51,678 | |
| Other operating charges | 640/8 | €2,202 | €1,241 | -€961 | -43.6% |
| Gross operating margin | 9900 | -€8,810 | -€3,754 | +€5,056 | +57.4% |
| Operating profit (loss) | 9901 | -€62,690 | -€4,995 | +€57,695 | +92.0% |
| Financial income | 75/76B | €4 | €3 | -€1 | -29.0% |
| Recurring financial income | 75 | €4 | €3 | -€1 | -29.0% |
| Financial charges | 65/66B | €100 | - | -€100 | |
| Recurring financial charges | 65 | €100 | - | -€100 | |
| Profit (loss) for the period before taxes | 9903 | -€62,786 | -€4,992 | +€57,794 | +92.0% |
| Transfer from deferred taxes | 780 | - | €43,005 | +€43,005 | |
| Profit (loss) for the period | 9904 | -€62,786 | €38,013 | +€100,799 | |
| Profit (loss) for the period to be appropriated | 9905 | -€62,786 | €38,013 | +€100,799 |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.