MIRANZE: 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.
MIRANZE
Largest movements
- Tangible fixed assets -€32,880
down €32,880 (-33.0%), from €99,735 to €66,854
of which Furniture and vehicles: -€28,181
- Cash +€2,818
up €2,818 (+2.3%), from €124,738 to €127,557
mainly Depreciation (+€32,880) and Trade debts (+€3,008)
- Profit (loss) carried forward -€34,062
down €34,062 (-52.3%), from -€65,067 to -€99,129
- Trade debts +€3,008
up €3,008 (+8.3%), from €36,058 to €39,066
- Other debts +€2,470
up €2,470 (+16.4%), from €15,101 to €17,571
- Gross operating margin +€41,535
up €41,535, from -€41,237 to €298
- Depreciation -€2,058
down €2,058 (-5.9%), from €34,938 to €32,880
- Taxes -€1,196
down €1,196 (-64.9%), from €1,842 to €646
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 | €232,303 | €202,342 | -€29,961 | -12.9% |
| Fixed assets | 21/28 | €100,035 | €67,154 | -€32,880 | -32.9% |
| Tangible fixed assets | 22/27 | €99,735 | €66,854 | -€32,880 | -33.0% |
| Furniture and vehicles | 24 | €84,409 | €56,228 | -€28,181 | -33.4% |
| Other tangible fixed assets | 26 | €15,326 | €10,627 | -€4,699 | -30.7% |
| Financial fixed assets | 28 | €300 | €300 | = | 0.0% |
| Current assets | 29/58 | €132,268 | €135,188 | +€2,919 | +2.2% |
| Amounts receivable within one year | 40/41 | €2,983 | €4,067 | +€1,084 | +36.3% |
| Trade receivables | 40 | €2,533 | €3,714 | +€1,181 | +46.6% |
| Other amounts receivable | 41 | €451 | €354 | -€97 | -21.5% |
| Cash at bank and in hand | 54/58 | €124,738 | €127,557 | +€2,818 | +2.3% |
| Deferred charges and accrued income | 490/1 | €4,547 | €3,564 | -€983 | -21.6% |
| Total equity and liabilities | 10/49 | €232,303 | €202,342 | -€29,961 | -12.9% |
| Equity | 10/15 | €175,902 | €141,840 | -€34,062 | -19.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €222,369 | €222,369 | = | 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% |
| Tax-exempt reserves | 132 | €3,009 | €3,009 | = | 0.0% |
| Distributable reserves | 133 | €217,500 | €217,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€65,067 | -€99,129 | -€34,062 | -52.3% |
| Amounts payable | 17/49 | €56,401 | €60,502 | +€4,101 | +7.3% |
| Amounts payable within one year | 42/48 | €56,401 | €60,502 | +€4,101 | +7.3% |
| Trade debts | 44 | €36,058 | €39,066 | +€3,008 | +8.3% |
| Suppliers | 440/4 | €36,058 | €39,066 | +€3,008 | +8.3% |
| Taxes, remuneration and social security | 45 | €5,242 | €3,865 | -€1,377 | -26.3% |
| Taxes | 450/3 | €5,242 | €3,865 | -€1,377 | -26.3% |
| Other amounts payable | 47/48 | €15,101 | €17,571 | +€2,470 | +16.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €34,938 | €32,880 | -€2,058 | -5.9% |
| Other operating charges | 640/8 | €767 | €427 | -€340 | -44.3% |
| Gross operating margin | 9900 | -€41,237 | €298 | +€41,535 | |
| Operating profit (loss) | 9901 | -€76,942 | -€33,009 | +€43,933 | +57.1% |
| Financial charges | 65/66B | €41 | €407 | +€365 | +890% |
| Recurring financial charges | 65 | €41 | €407 | +€365 | +890% |
| Profit (loss) for the period before taxes | 9903 | -€76,983 | -€33,416 | +€43,567 | +56.6% |
| Income taxes | 67/77 | €1,842 | €646 | -€1,196 | -64.9% |
| Profit (loss) for the period | 9904 | -€78,826 | -€34,062 | +€44,764 | +56.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€78,826 | -€34,062 | +€44,764 | +56.8% |
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.