MIRAN EXPRESS: 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.
MIRAN EXPRESS
Largest movements
- Deferred charges and accrued income +€29,679
up €29,679 (+76,868%), from €39 to €29,717
- Receivables within one year +€17,979
up €17,979 (+131%), from €13,703 to €31,682
of which Trade receivables: +€17,861
- Cash -€10,018
no longer reported in 2025 (was €10,018)
mainly Deferred charges and accrued income (-€29,679) and Receivables within one year (-€17,979)
- Tangible fixed assets +€3,744
up €3,744 (+19.2%), from €19,459 to €23,203
- Other debts +€41,226
up €41,226 (+672%), from €6,137 to €47,362
- Tax, wage and social debts +€6,300
up €6,300 (+131%), from €4,827 to €11,127
of which Taxes: +€7,200
- Accrued charges and deferred income -€5,419
down €5,419 (-87.9%), from €6,163 to €743
- Trade debts -€1,926
down €1,926 (-90.3%), from €2,132 to €206
- Profit (loss) carried forward +€1,202
up €1,202 (+21.8%), from €5,511 to €6,713
- Staff costs +€14,800
up €14,800 (+97.4%), from €15,200 to €30,000
- Gross operating margin +€13,985
up €13,985 (+52.6%), from €26,584 to €40,569
- Other operating charges -€1,324
down €1,324 (-65.1%), from €2,035 to €711
- Financial charges -€1,166
down €1,166 (-92.4%), from €1,261 to €95
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 | €43,369 | €84,752 | +€41,383 | +95.4% |
| Fixed assets | 21/28 | €19,609 | €23,353 | +€3,744 | +19.1% |
| Tangible fixed assets | 22/27 | €19,459 | €23,203 | +€3,744 | +19.2% |
| Furniture and vehicles | 24 | €19,459 | €23,203 | +€3,744 | +19.2% |
| Financial fixed assets | 28 | €150 | €150 | = | 0.0% |
| Current assets | 29/58 | €23,760 | €61,399 | +€37,639 | +158% |
| Amounts receivable within one year | 40/41 | €13,703 | €31,682 | +€17,979 | +131% |
| Trade receivables | 40 | €13,673 | €31,535 | +€17,861 | +131% |
| Other amounts receivable | 41 | €30 | €147 | +€118 | +398% |
| Cash at bank and in hand | 54/58 | €10,018 | - | -€10,018 | |
| Deferred charges and accrued income | 490/1 | €39 | €29,717 | +€29,679 | +76,868% |
| Total equity and liabilities | 10/49 | €43,369 | €84,752 | +€41,383 | +95.4% |
| Equity | 10/15 | €24,111 | €25,313 | +€1,202 | +5.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | €5,511 | €6,713 | +€1,202 | +21.8% |
| Amounts payable | 17/49 | €19,258 | €59,439 | +€40,181 | +209% |
| Amounts payable within one year | 42/48 | €13,095 | €58,696 | +€45,601 | +348% |
| Trade debts | 44 | €2,132 | €206 | -€1,926 | -90.3% |
| Suppliers | 440/4 | €2,132 | €206 | -€1,926 | -90.3% |
| Taxes, remuneration and social security | 45 | €4,827 | €11,127 | +€6,300 | +131% |
| Taxes | 450/3 | €3,927 | €11,127 | +€7,200 | +183% |
| Remuneration and social security | 454/9 | €900 | - | -€900 | |
| Other amounts payable | 47/48 | €6,137 | €47,362 | +€41,226 | +672% |
| Accrued charges and deferred income | 492/3 | €6,163 | €743 | -€5,419 | -87.9% |
| Non-recurring operating income | 76A | €6,825 | - | -€6,825 | |
| Remuneration, social security and pensions | 62 | €15,200 | €30,000 | +€14,800 | +97.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,186 | €7,300 | +€114 | +1.6% |
| Other operating charges | 640/8 | €2,035 | €711 | -€1,324 | -65.1% |
| Non-recurring operating charges | 66A | €890 | €1,109 | +€219 | +24.6% |
| Gross operating margin | 9900 | €26,584 | €40,569 | +€13,985 | +52.6% |
| Operating profit (loss) | 9901 | €1,273 | €1,449 | +€176 | +13.8% |
| Financial income | 75/76B | €9 | €389 | +€380 | +4,403% |
| Recurring financial income | 75 | €9 | €389 | +€380 | +4,403% |
| Financial charges | 65/66B | €1,261 | €95 | -€1,166 | -92.4% |
| Recurring financial charges | 65 | €1,261 | €95 | -€1,166 | -92.4% |
| Profit (loss) for the period before taxes | 9903 | €21 | €1,742 | +€1,722 | +8,379% |
| Income taxes | 67/77 | €198 | €541 | +€342 | +172% |
| Profit (loss) for the period | 9904 | -€178 | €1,202 | +€1,380 | |
| Profit (loss) for the period to be appropriated | 9905 | -€178 | €1,202 | +€1,380 |
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 23 October 2026 via checked.be.