MIRANDUS: 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.
MIRANDUS
Largest movements
- Receivables within one year +€8,060
up €8,060 (+16.4%), from €49,284 to €57,345
of which Other amounts receivable: +€14,912
- Tangible fixed assets -€6,373
down €6,373 (-3.0%), from €210,314 to €203,941
of which Land and buildings: -€3,980
- Cash -€3,108
down €3,108 (-10.8%), from €28,861 to €25,753
mainly Debts after one year (-€8,690) and Receivables within one year (-€8,060)
- Reserves +€10,026
up €10,026 (+7.9%), from €126,128 to €136,154
of which Distributable reserves: +€11,881
- Debts after one year -€8,690
down €8,690 (-6.5%), from €133,030 to €124,340
- Other debts +€7,114
new in 2025: €7,114
- Tax, wage and social debts -€6,950
down €6,950 (-76.3%), from €9,103 to €2,153
- Trade debts -€3,384
down €3,384 (-74.3%), from €4,558 to €1,174
- Gross operating margin -€4,944
down €4,944 (-10.9%), from €45,178 to €40,234
- Taxes -€1,354
down €1,354 (-15.5%), from €8,726 to €7,371
- Other operating charges -€744
down €744 (-53.7%), from €1,385 to €641
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 | €305,649 | €304,413 | -€1,236 | -0.4% |
| Fixed assets | 21/28 | €225,814 | €219,441 | -€6,373 | -2.8% |
| Tangible fixed assets | 22/27 | €210,314 | €203,941 | -€6,373 | -3.0% |
| Land and buildings | 22 | €205,562 | €201,583 | -€3,980 | -1.9% |
| Plant, machinery and equipment | 23 | €984 | €358 | -€625 | -63.6% |
| Furniture and vehicles | 24 | €3,768 | €1,999 | -€1,768 | -46.9% |
| Financial fixed assets | 28 | €15,500 | €15,500 | = | 0.0% |
| Current assets | 29/58 | €79,836 | €84,973 | +€5,137 | +6.4% |
| Amounts receivable within one year | 40/41 | €49,284 | €57,345 | +€8,060 | +16.4% |
| Trade receivables | 40 | €19,191 | €12,339 | -€6,852 | -35.7% |
| Other amounts receivable | 41 | €30,094 | €45,006 | +€14,912 | +49.6% |
| Cash at bank and in hand | 54/58 | €28,861 | €25,753 | -€3,108 | -10.8% |
| Deferred charges and accrued income | 490/1 | €1,690 | €1,875 | +€185 | +10.9% |
| Total equity and liabilities | 10/49 | €305,649 | €304,413 | -€1,236 | -0.4% |
| Equity | 10/15 | €147,032 | €157,058 | +€10,026 | +6.8% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €126,128 | €136,154 | +€10,026 | +7.9% |
| Non-distributable reserves | 130/1 | €1,855 | - | -€1,855 | |
| Reserves not available under the articles | 1311 | €1,855 | - | -€1,855 | |
| Tax-exempt reserves | 132 | €1,500 | €1,500 | = | 0.0% |
| Distributable reserves | 133 | €122,773 | €134,654 | +€11,881 | +9.7% |
| Profit (loss) carried forward | 14 | €14,704 | €14,704 | = | 0.0% |
| Amounts payable | 17/49 | €158,618 | €147,355 | -€11,262 | -7.1% |
| Amounts payable after more than one year | 17 | €133,030 | €124,340 | -€8,690 | -6.5% |
| Financial debts | 170/4 | €133,030 | €124,340 | -€8,690 | -6.5% |
| Amounts payable within one year | 42/48 | €25,381 | €22,503 | -€2,877 | -11.3% |
| Current portion of amounts payable after more than one year | 42 | €11,720 | €12,063 | +€343 | +2.9% |
| Trade debts | 44 | €4,558 | €1,174 | -€3,384 | -74.3% |
| Suppliers | 440/4 | €4,558 | €1,174 | -€3,384 | -74.3% |
| Taxes, remuneration and social security | 45 | €9,103 | €2,153 | -€6,950 | -76.3% |
| Taxes | 450/3 | €9,103 | €2,153 | -€6,950 | -76.3% |
| Other amounts payable | 47/48 | - | €7,114 | +€7,114 | |
| Accrued charges and deferred income | 492/3 | €207 | €512 | +€305 | +148% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,673 | €10,401 | -€272 | -2.5% |
| Other operating charges | 640/8 | €1,385 | €641 | -€744 | -53.7% |
| Gross operating margin | 9900 | €45,178 | €40,234 | -€4,944 | -10.9% |
| Operating profit (loss) | 9901 | €33,120 | €29,192 | -€3,928 | -11.9% |
| Financial income | 75/76B | €1,593 | €1,892 | +€299 | +18.8% |
| Recurring financial income | 75 | €1,593 | €1,892 | +€299 | +18.8% |
| Financial charges | 65/66B | €6,619 | €6,198 | -€421 | -6.4% |
| Recurring financial charges | 65 | €6,619 | €6,198 | -€421 | -6.4% |
| Profit (loss) for the period before taxes | 9903 | €28,095 | €24,886 | -€3,209 | -11.4% |
| Income taxes | 67/77 | €8,726 | €7,371 | -€1,354 | -15.5% |
| Profit (loss) for the period | 9904 | €19,369 | €17,514 | -€1,854 | -9.6% |
| Profit (loss) for the period to be appropriated | 9905 | €19,369 | €17,514 | -€1,854 | -9.6% |
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 24 October 2026 via checked.be.