MIRANDRA CONSTRUCT: 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.
MIRANDRA CONSTRUCT
Largest movements
- Receivables within one year +€72,025
up €72,025 (+41.4%), from €173,959 to €245,984
of which Trade receivables: +€69,854
- Cash +€8,819
up €8,819 (+69.2%), from €12,749 to €21,569
mainly Trade debts (+€55,922) and Debts after one year (+€15,442)
- Trade debts +€55,922
up €55,922 (+81.5%), from €68,642 to €124,564
- Debts after one year +€15,442
new in 2025: €15,442
- Profit (loss) carried forward +€7,492
up €7,492 (+5.5%), from €136,055 to €143,547
- Turnover -€353,896
down €353,896 (-45.6%), from €776,671 to €422,775
- Purchases and services -€301,588
down €301,588 (-43.8%), from €689,177 to €387,589
- Gross operating margin -€40,313
down €40,313 (-46.1%), from €87,495 to €47,181
- Depreciation -€21,890
down €21,890 (-62.7%), from €34,903 to €13,013
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 | €224,009 | €303,935 | +€79,926 | +35.7% |
| Fixed assets | 21/28 | €35,236 | €36,270 | +€1,034 | +2.9% |
| Tangible fixed assets | 22/27 | €32,396 | €33,430 | +€1,034 | +3.2% |
| Plant, machinery and equipment | 23 | €5,279 | €3,278 | -€2,001 | -37.9% |
| Furniture and vehicles | 24 | €27,117 | €30,152 | +€3,035 | +11.2% |
| Financial fixed assets | 28 | €2,840 | €2,840 | = | 0.0% |
| Current assets | 29/58 | €188,773 | €267,665 | +€78,892 | +41.8% |
| Amounts receivable within one year | 40/41 | €173,959 | €245,984 | +€72,025 | +41.4% |
| Trade receivables | 40 | €129,295 | €199,149 | +€69,854 | +54.0% |
| Other amounts receivable | 41 | €44,664 | €46,834 | +€2,170 | +4.9% |
| Cash at bank and in hand | 54/58 | €12,749 | €21,569 | +€8,819 | +69.2% |
| Deferred charges and accrued income | 490/1 | €2,064 | €113 | -€1,952 | -94.5% |
| Total equity and liabilities | 10/49 | €224,009 | €303,935 | +€79,926 | +35.7% |
| Equity | 10/15 | €144,115 | €151,607 | +€7,492 | +5.2% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €136,055 | €143,547 | +€7,492 | +5.5% |
| Amounts payable | 17/49 | €79,894 | €152,328 | +€72,434 | +90.7% |
| Amounts payable after more than one year | 17 | - | €15,442 | +€15,442 | |
| Financial debts | 170/4 | - | €15,442 | +€15,442 | |
| Amounts payable within one year | 42/48 | €79,894 | €136,886 | +€56,992 | +71.3% |
| Current portion of amounts payable after more than one year | 42 | €3,627 | €5,669 | +€2,043 | +56.3% |
| Trade debts | 44 | €68,642 | €124,564 | +€55,922 | +81.5% |
| Suppliers | 440/4 | €68,642 | €124,564 | +€55,922 | +81.5% |
| Taxes, remuneration and social security | 45 | €7,625 | €4,965 | -€2,660 | -34.9% |
| Taxes | 450/3 | €5,776 | €3,169 | -€2,607 | -45.1% |
| Remuneration and social security | 454/9 | €1,849 | €1,796 | -€53 | -2.9% |
| Other amounts payable | 47/48 | - | €1,688 | +€1,688 | |
| Turnover | 70 | €776,671 | €422,775 | -€353,896 | -45.6% |
| Non-recurring operating income | 76A | - | €11,995 | +€11,995 | |
| Goods, raw materials, services and sundry goods | 60/61 | €689,177 | €387,589 | -€301,588 | -43.8% |
| Remuneration, social security and pensions | 62 | €16,568 | €17,108 | +€540 | +3.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €34,903 | €13,013 | -€21,890 | -62.7% |
| Other operating charges | 640/8 | €946 | €2,843 | +€1,897 | +200% |
| Non-recurring operating charges | 66A | €12,345 | €2,834 | -€9,511 | -77.0% |
| Gross operating margin | 9900 | €87,495 | €47,181 | -€40,313 | -46.1% |
| Operating profit (loss) | 9901 | €22,733 | €11,383 | -€11,350 | -49.9% |
| Financial income | 75/76B | €25 | €0 | -€24 | -98.5% |
| Recurring financial income | 75 | €25 | €0 | -€24 | -98.5% |
| Financial charges | 65/66B | €670 | €733 | +€63 | +9.4% |
| Recurring financial charges | 65 | €670 | €733 | +€63 | +9.4% |
| Profit (loss) for the period before taxes | 9903 | €22,087 | €10,650 | -€11,437 | -51.8% |
| Income taxes | 67/77 | €5,776 | €3,158 | -€2,618 | -45.3% |
| Profit (loss) for the period | 9904 | €16,311 | €7,492 | -€8,820 | -54.1% |
| Profit (loss) for the period to be appropriated | 9905 | €16,311 | €7,492 | -€8,820 | -54.1% |
Source: filed annual accounts (NBB), financial years ended 31 May 2024 and 31 May 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 October 2026 via checked.be.