MIRAN AZAD: what changed
MIRAN AZAD
Largest movements
- Stocks and contracts +€20,141
up €20,141 (+641%), from €3,143 to €23,284
- Cash -€13,510
down €13,510 (-22.9%), from €58,953 to €45,443
mainly Stocks and contracts (-€20,141) and Receivables within one year (-€11,631)
- Receivables within one year +€11,631
up €11,631 (+49.0%), from €23,747 to €35,378
of which Other amounts receivable: +€20,439
- Profit (loss) carried forward +€18,037
up €18,037 (+22.1%), from €81,699 to €99,736
- Staff costs +€20,357
up €20,357 (+65.8%), from €30,929 to €51,286
- Gross operating margin -€3,666
down €3,666 (-4.5%), from €80,794 to €77,128
- Other operating charges +€3,106
up €3,106 (+191%), from €1,623 to €4,730
- Taxes -€2,676
down €2,676 (-59.2%), from €4,522 to €1,846
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €90,343 | €109,105 | +€18,762 | +20.8% |
| Fixed assets | 21/28 | €4,500 | €5,000 | +€500 | +11.1% |
| Financial fixed assets | 28 | €4,500 | €5,000 | +€500 | +11.1% |
| Current assets | 29/58 | €85,843 | €104,105 | +€18,262 | +21.3% |
| Stocks and contracts in progress | 3 | €3,143 | €23,284 | +€20,141 | +641% |
| Stocks | 30/36 | €3,143 | €23,284 | +€20,141 | +641% |
| Amounts receivable within one year | 40/41 | €23,747 | €35,378 | +€11,631 | +49.0% |
| Trade receivables | 40 | €8,807 | - | -€8,807 | |
| Other amounts receivable | 41 | €14,939 | €35,378 | +€20,439 | +137% |
| Cash at bank and in hand | 54/58 | €58,953 | €45,443 | -€13,510 | -22.9% |
| Total equity and liabilities | 10/49 | €90,343 | €109,105 | +€18,762 | +20.8% |
| Equity | 10/15 | €88,347 | €106,385 | +€18,037 | +20.4% |
| Contributions | 10/11 | €6,648 | €6,648 | = | 0.0% |
| Contributions outside capital | 11 | €6,648 | €6,648 | = | 0.0% |
| Other | 1109/19 | €6,648 | €6,648 | = | 0.0% |
| Profit (loss) carried forward | 14 | €81,699 | €99,736 | +€18,037 | +22.1% |
| Amounts payable | 17/49 | €1,996 | €2,720 | +€725 | +36.3% |
| Amounts payable within one year | 42/48 | €1,996 | €2,720 | +€725 | +36.3% |
| Trade debts | 44 | €1,996 | €2,720 | +€725 | +36.3% |
| Suppliers | 440/4 | €1,996 | €2,720 | +€725 | +36.3% |
| Remuneration, social security and pensions | 62 | €30,929 | €51,286 | +€20,357 | +65.8% |
| Other operating charges | 640/8 | €1,623 | €4,730 | +€3,106 | +191% |
| Gross operating margin | 9900 | €80,794 | €77,128 | -€3,666 | -4.5% |
| Operating profit (loss) | 9901 | €48,242 | €21,113 | -€27,130 | -56.2% |
| Financial charges | 65/66B | €1,294 | €1,229 | -€65 | -5.0% |
| Recurring financial charges | 65 | €1,294 | €1,229 | -€65 | -5.0% |
| Profit (loss) for the period before taxes | 9903 | €46,948 | €19,883 | -€27,064 | -57.6% |
| Income taxes | 67/77 | €4,522 | €1,846 | -€2,676 | -59.2% |
| Profit (loss) for the period | 9904 | €42,426 | €18,037 | -€24,388 | -57.5% |
| Profit (loss) for the period to be appropriated | 9905 | €42,426 | €18,037 | -€24,388 | -57.5% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 4 November 2026 via checked.be.