MIRANDA ELECTRICITE: 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.
MIRANDA ELECTRICITE
Largest movements
- Receivables within one year -€16,324
down €16,324 (-41.2%), from €39,578 to €23,254
of which Trade receivables: -€19,072
- Cash +€14,530
up €14,530 (+49.6%), from €29,275 to €43,805
mainly Net result for the year (+€40,047) and Other debts (+€23,206)
- Stocks and contracts +€7,735
up €7,735 (+127%), from €6,083 to €13,819
- Tangible fixed assets +€6,113
up €6,113 (+2.5%), from €241,076 to €247,189
of which Land and buildings: +€4,086
- Debts after one year -€29,746
down €29,746 (-16.3%), from €182,542 to €152,796
- Other debts +€23,206
up €23,206 (+155%), from €15,003 to €38,208
- Profit (loss) carried forward +€20,047
up €20,047 (+34.8%), from €57,592 to €77,639
- Tax, wage and social debts -€8,085
down €8,085 (-36.1%), from €22,368 to €14,283
of which Taxes: -€11,739
- Trade debts +€7,266
up €7,266 (+68.2%), from €10,662 to €17,928
- Gross operating margin +€63,752
up €63,752 (+74.1%), from €86,003 to €149,755
- Staff costs +€37,068
up €37,068 (+89.5%), from €41,437 to €78,505
- Taxes +€7,862
up €7,862 (+323%), from €2,433 to €10,296
- Write-downs +€2,034
new in 2025: €2,034
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 | €316,647 | €329,735 | +€13,088 | +4.1% |
| Formation expenses | 20 | - | €0 | = | |
| Fixed assets | 21/28 | €241,076 | €248,857 | +€7,781 | +3.2% |
| Intangible fixed assets | 21 | - | €1,668 | +€1,668 | |
| Tangible fixed assets | 22/27 | €241,076 | €247,189 | +€6,113 | +2.5% |
| Land and buildings | 22 | €232,106 | €236,192 | +€4,086 | +1.8% |
| Plant, machinery and equipment | 23 | €2,036 | €5,689 | +€3,653 | +179% |
| Furniture and vehicles | 24 | €6,934 | €5,308 | -€1,626 | -23.5% |
| Leasing and similar rights | 25 | - | €0 | = | |
| Current assets | 29/58 | €75,571 | €80,878 | +€5,307 | +7.0% |
| Stocks and contracts in progress | 3 | €6,083 | €13,819 | +€7,735 | +127% |
| Stocks | 30/36 | €6,083 | €13,819 | +€7,735 | +127% |
| Amounts receivable within one year | 40/41 | €39,578 | €23,254 | -€16,324 | -41.2% |
| Trade receivables | 40 | €31,672 | €12,600 | -€19,072 | -60.2% |
| Other amounts receivable | 41 | €7,906 | €10,654 | +€2,748 | +34.8% |
| Cash at bank and in hand | 54/58 | €29,275 | €43,805 | +€14,530 | +49.6% |
| Deferred charges and accrued income | 490/1 | €635 | - | -€635 | |
| Total equity and liabilities | 10/49 | €316,647 | €329,735 | +€13,088 | +4.1% |
| Equity | 10/15 | €76,192 | €96,239 | +€20,047 | +26.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | €57,592 | €77,639 | +€20,047 | +34.8% |
| Amounts payable | 17/49 | €240,455 | €233,496 | -€6,959 | -2.9% |
| Amounts payable after more than one year | 17 | €182,542 | €152,796 | -€29,746 | -16.3% |
| Financial debts | 170/4 | €182,542 | €152,796 | -€29,746 | -16.3% |
| Amounts payable within one year | 42/48 | €56,541 | €79,330 | +€22,788 | +40.3% |
| Current portion of amounts payable after more than one year | 42 | €8,509 | €8,910 | +€402 | +4.7% |
| Trade debts | 44 | €10,662 | €17,928 | +€7,266 | +68.2% |
| Suppliers | 440/4 | €10,662 | €17,928 | +€7,266 | +68.2% |
| Taxes, remuneration and social security | 45 | €22,368 | €14,283 | -€8,085 | -36.1% |
| Taxes | 450/3 | €14,739 | €3,000 | -€11,739 | -79.6% |
| Remuneration and social security | 454/9 | €7,629 | €11,283 | +€3,654 | +47.9% |
| Other amounts payable | 47/48 | €15,003 | €38,208 | +€23,206 | +155% |
| Accrued charges and deferred income | 492/3 | €1,371 | €1,370 | -€1 | -0.1% |
| Remuneration, social security and pensions | 62 | €41,437 | €78,505 | +€37,068 | +89.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,814 | €8,328 | -€1,486 | -15.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €2,034 | +€2,034 | |
| Other operating charges | 640/8 | €1,997 | €1,653 | -€343 | -17.2% |
| Gross operating margin | 9900 | €86,003 | €149,755 | +€63,752 | +74.1% |
| Operating profit (loss) | 9901 | €32,755 | €59,236 | +€26,480 | +80.8% |
| Financial income | 75/76B | €22 | €738 | +€716 | +3,225% |
| Recurring financial income | 75 | €22 | €738 | +€716 | +3,225% |
| Financial charges | 65/66B | €8,708 | €9,631 | +€923 | +10.6% |
| Recurring financial charges | 65 | €8,708 | €9,631 | +€923 | +10.6% |
| Profit (loss) for the period before taxes | 9903 | €24,069 | €50,342 | +€26,273 | +109% |
| Income taxes | 67/77 | €2,433 | €10,296 | +€7,862 | +323% |
| Profit (loss) for the period | 9904 | €21,636 | €40,047 | +€18,411 | +85.1% |
| Profit (loss) for the period to be appropriated | 9905 | €21,636 | €40,047 | +€18,411 | +85.1% |
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 20 October 2026 via checked.be.