Miranilco: 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.
Miranilco
Largest movements
- Tangible fixed assets -€61,168
down €61,168 (-4.6%), from €1.3m to €1.3m
- Debts after one year -€46,359
down €46,359 (-32.2%), from €143,861 to €97,503
- Gross operating margin +€1,770
up €1,770 (+2.5%), from €70,668 to €72,438
- Depreciation +€770
up €770 (+1.3%), from €60,398 to €61,168
- Financial charges -€756
down €756 (-19.8%), from €3,816 to €3,060
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.
Cash bridge derived
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 | €1,395,038 | €1,349,526 | -€45,512 | -3.3% |
| Fixed assets | 21/28 | €1,341,431 | €1,280,262 | -€61,168 | -4.6% |
| Tangible fixed assets | 22/27 | €1,341,431 | €1,280,262 | -€61,168 | -4.6% |
| Land and buildings | 22 | €1,341,431 | €1,280,262 | -€61,168 | -4.6% |
| Current assets | 29/58 | €53,607 | €69,263 | +€15,656 | +29.2% |
| Amounts receivable within one year | 40/41 | €13 | €0 | -€13 | -100.0% |
| Other amounts receivable | 41 | €13 | €0 | -€13 | -100.0% |
| Cash at bank and in hand | 54/58 | €50,682 | €62,855 | +€12,173 | +24.0% |
| Deferred charges and accrued income | 490/1 | €2,912 | €6,409 | +€3,497 | +120.1% |
| Total equity and liabilities | 10/49 | €1,395,038 | €1,349,526 | -€45,512 | -3.3% |
| Equity | 10/15 | €896,356 | €895,938 | -€418 | 0.0% |
| Contributions | 10/11 | €32,000 | €32,000 | = | 0.0% |
| Reserves | 13 | €864,356 | €863,938 | -€418 | 0.0% |
| Distributable reserves | 133 | €864,356 | €863,938 | -€418 | 0.0% |
| Amounts payable | 17/49 | €498,681 | €453,587 | -€45,094 | -9.0% |
| Amounts payable after more than one year | 17 | €143,861 | €97,503 | -€46,359 | -32.2% |
| Financial debts | 170/4 | €143,861 | €97,503 | -€46,359 | -32.2% |
| Amounts payable within one year | 42/48 | €353,591 | €354,263 | +€671 | +0.2% |
| Current portion of amounts payable after more than one year | 42 | €45,728 | €46,359 | +€630 | +1.4% |
| Trade debts | 44 | €0 | - | = | |
| Suppliers | 440/4 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €0 | - | = | |
| Taxes | 450/3 | €0 | - | = | |
| Other amounts payable | 47/48 | €307,863 | €307,904 | +€41 | 0.0% |
| Accrued charges and deferred income | 492/3 | €1,228 | €1,822 | +€593 | +48.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €60,398 | €61,168 | +€770 | +1.3% |
| Other operating charges | 640/8 | €8,367 | €8,627 | +€260 | +3.1% |
| Gross operating margin | 9900 | €70,668 | €72,438 | +€1,770 | +2.5% |
| Operating profit (loss) | 9901 | €1,902 | €2,642 | +€740 | +38.9% |
| Financial charges | 65/66B | €3,816 | €3,060 | -€756 | -19.8% |
| Recurring financial charges | 65 | €3,816 | €3,060 | -€756 | -19.8% |
| Profit (loss) for the period before taxes | 9903 | -€1,914 | -€418 | +€1,496 | +78.2% |
| Profit (loss) for the period | 9904 | -€1,914 | -€418 | +€1,496 | +78.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€1,914 | -€418 | +€1,496 | +78.2% |
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 12 October 2026 via checked.be.