MIRAN: 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.
MIRAN
Largest movements
- Current investments +€115,744
up €115,744 (+7.9%), from €1.5m to €1.6m
- Other debts +€183,714
up €183,714 (+129.1%), from €142,325 to €326,039
- Reserves -€91,934
down €91,934 (-4.0%), from €2.3m to €2.2m
of which Distributable reserves: -€91,934
- Gross operating margin -€24,524
down €24,524 (-10.6%), from €230,730 to €206,206
- Financial charges -€13,537
down €13,537 (-11.2%), from €120,411 to €106,874
of which Financial charges: -€13,695
- Financial income +€9,838
up €9,838 (+73.4%), from €13,411 to €23,249
of which Financial income: +€18,133
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 | €4,239,640 | €4,347,779 | +€108,139 | +2.6% |
| Fixed assets | 21/28 | €2,652,127 | €2,619,349 | -€32,778 | -1.2% |
| Tangible fixed assets | 22/27 | €2,652,127 | €2,619,349 | -€32,778 | -1.2% |
| Land and buildings | 22 | €2,651,637 | €2,619,349 | -€32,289 | -1.2% |
| Plant, machinery and equipment | 23 | €489 | - | -€489 | |
| Current assets | 29/58 | €1,587,513 | €1,728,430 | +€140,917 | +8.9% |
| Amounts receivable within one year | 40/41 | €11,549 | €23,759 | +€12,210 | +105.7% |
| Trade receivables | 40 | €2,049 | €9,759 | +€7,710 | +376.4% |
| Other amounts receivable | 41 | €9,500 | €14,000 | +€4,500 | +47.4% |
| Current investments | 50/53 | €1,472,130 | €1,587,874 | +€115,744 | +7.9% |
| Cash at bank and in hand | 54/58 | €103,834 | €116,797 | +€12,963 | +12.5% |
| Total equity and liabilities | 10/49 | €4,239,640 | €4,347,779 | +€108,139 | +2.6% |
| Equity | 10/15 | €2,533,493 | €2,441,559 | -€91,934 | -3.6% |
| Contributions | 10/11 | €250,000 | €250,000 | = | 0.0% |
| Capital | 10 | €250,000 | €250,000 | = | 0.0% |
| Issued capital | 100 | €250,000 | €250,000 | = | 0.0% |
| Reserves | 13 | €2,283,493 | €2,191,559 | -€91,934 | -4.0% |
| Non-distributable reserves | 130/1 | €25,000 | €25,000 | = | 0.0% |
| Legal reserve | 130 | €25,000 | €25,000 | = | 0.0% |
| Distributable reserves | 133 | €2,258,493 | €2,166,559 | -€91,934 | -4.1% |
| Amounts payable | 17/49 | €1,706,147 | €1,906,220 | +€200,073 | +11.7% |
| Amounts payable after more than one year | 17 | €1,500,000 | €1,500,000 | = | 0.0% |
| Financial debts | 170/4 | €1,500,000 | €1,500,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €190,359 | €406,220 | +€215,861 | +113.4% |
| Trade debts | 44 | €3,415 | €35,967 | +€32,552 | +953.1% |
| Suppliers | 440/4 | €3,415 | €35,967 | +€32,552 | +953.1% |
| Taxes, remuneration and social security | 45 | €44,619 | €44,215 | -€404 | -0.9% |
| Taxes | 450/3 | €44,619 | €44,215 | -€404 | -0.9% |
| Other amounts payable | 47/48 | €142,325 | €326,039 | +€183,714 | +129.1% |
| Accrued charges and deferred income | 492/3 | €15,788 | - | -€15,788 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €50,318 | €50,617 | +€299 | +0.6% |
| Other operating charges | 640/8 | €32,657 | €33,785 | +€1,128 | +3.5% |
| Gross operating margin | 9900 | €230,730 | €206,206 | -€24,524 | -10.6% |
| Operating profit (loss) | 9901 | €147,754 | €121,804 | -€25,951 | -17.6% |
| Financial income | 75/76B | €13,411 | €23,249 | +€9,838 | +73.4% |
| Recurring financial income | 75 | €5,115 | €23,249 | +€18,133 | +354.5% |
| Non-recurring financial income | 76B | €8,296 | - | -€8,296 | |
| Financial charges | 65/66B | €120,411 | €106,874 | -€13,537 | -11.2% |
| Recurring financial charges | 65 | €120,411 | €106,716 | -€13,695 | -11.4% |
| Non-recurring financial charges | 66B | - | €158 | +€158 | |
| Profit (loss) for the period before taxes | 9903 | €40,754 | €38,178 | -€2,576 | -6.3% |
| Income taxes | 67/77 | €13,932 | €13,874 | -€58 | -0.4% |
| Profit (loss) for the period | 9904 | €26,822 | €24,304 | -€2,518 | -9.4% |
| Profit (loss) for the period to be appropriated | 9905 | €26,822 | €24,304 | -€2,518 | -9.4% |
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 4 October 2026 via checked.be.