MIRATAR: what changed
Two fiscal 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.
MIRATAR
Largest movements
- Receivables within one year -€23,532
down €23,532 (-19.4%), from €121,455 to €97,923
of which Trade receivables: -€30,663
- Cash +€16,000
up €16,000 (+58.7%), from €27,261 to €43,261
mainly Trade debts (+€48,302) and Receivables within one year (+€23,532)
- Stocks and contracts +€15,405
up €15,405 (+228.4%), from €6,745 to €22,150
- Tangible fixed assets -€3,275
down €3,275 (-24.3%), from €13,477 to €10,202
of which Other tangible fixed assets: -€4,002
- Trade debts +€48,302
up €48,302 (+151.9%), from €31,800 to €80,102
- Profit (loss) carried forward -€46,264
down €46,264, from €36,720 to -€9,544
- Other debts +€9,999
up €9,999 (+1793.3%), from €558 to €10,557
- Tax, wage and social debts -€6,466
down €6,466 (-7.8%), from €82,496 to €76,030
of which Remuneration and social security: -€3,755
- Staff costs +€73,451
up €73,451 (+25.4%), from €288,732 to €362,183
- Gross operating margin +€37,695
up €37,695 (+13.7%), from €274,356 to €312,051
- Taxes -€14,156
no longer reported in 2025 (was €14,156)
- Financial income +€9,546
up €9,546 (+170.1%), from €5,610 to €15,156
of which Non-recurring financial income: +€9,813
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 | €170,174 | €175,745 | +€5,571 | +3.3% |
| Fixed assets | 21/28 | €13,477 | €10,202 | -€3,275 | -24.3% |
| Tangible fixed assets | 22/27 | €13,477 | €10,202 | -€3,275 | -24.3% |
| Plant, machinery and equipment | 23 | €3,569 | €1,635 | -€1,934 | -54.2% |
| Furniture and vehicles | 24 | - | €2,661 | +€2,661 | |
| Other tangible fixed assets | 26 | €9,908 | €5,906 | -€4,002 | -40.4% |
| Current assets | 29/58 | €156,697 | €165,543 | +€8,846 | +5.6% |
| Stocks and contracts in progress | 3 | €6,745 | €22,150 | +€15,405 | +228.4% |
| Stocks | 30/36 | €6,745 | €22,150 | +€15,405 | +228.4% |
| Amounts receivable within one year | 40/41 | €121,455 | €97,923 | -€23,532 | -19.4% |
| Trade receivables | 40 | €30,663 | - | -€30,663 | |
| Other amounts receivable | 41 | €90,792 | €97,923 | +€7,131 | +7.9% |
| Cash at bank and in hand | 54/58 | €27,261 | €43,261 | +€16,000 | +58.7% |
| Deferred charges and accrued income | 490/1 | €1,237 | €2,209 | +€972 | +78.6% |
| Total equity and liabilities | 10/49 | €170,174 | €175,745 | +€5,571 | +3.3% |
| Equity | 10/15 | €55,320 | €9,056 | -€46,264 | -83.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Outside capital | 11 | €18,600 | €18,600 | = | 0.0% |
| Other | 1109/19 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | €36,720 | -€9,544 | -€46,264 | |
| Amounts payable | 17/49 | €114,854 | €166,689 | +€51,835 | +45.1% |
| Amounts payable within one year | 42/48 | €114,854 | €166,689 | +€51,835 | +45.1% |
| Trade debts | 44 | €31,800 | €80,102 | +€48,302 | +151.9% |
| Suppliers | 440/4 | €31,800 | €80,102 | +€48,302 | +151.9% |
| Taxes, remuneration and social security | 45 | €82,496 | €76,030 | -€6,466 | -7.8% |
| Taxes | 450/3 | €21,041 | €18,330 | -€2,711 | -12.9% |
| Remuneration and social security | 454/9 | €61,455 | €57,700 | -€3,755 | -6.1% |
| Other amounts payable | 47/48 | €558 | €10,557 | +€9,999 | +1793.3% |
| Non-recurring operating income | 76A | €2,250 | - | -€2,250 | |
| Remuneration, social security and pensions | 62 | €288,732 | €362,183 | +€73,451 | +25.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,936 | €6,076 | +€140 | +2.4% |
| Other operating charges | 640/8 | €1,660 | €3,611 | +€1,951 | +117.5% |
| Gross operating margin | 9900 | €274,356 | €312,051 | +€37,695 | +13.7% |
| Operating profit (loss) | 9901 | -€21,972 | -€59,819 | -€37,847 | -172.3% |
| Financial income | 75/76B | €5,610 | €15,156 | +€9,546 | +170.1% |
| Recurring financial income | 75 | €5,610 | €5,343 | -€267 | -4.8% |
| Non-recurring financial income | 76B | - | €9,813 | +€9,813 | |
| Financial charges | 65/66B | €1,559 | €1,601 | +€42 | +2.7% |
| Recurring financial charges | 65 | €1,559 | €1,601 | +€42 | +2.7% |
| Profit (loss) for the period before taxes | 9903 | -€17,921 | -€46,264 | -€28,343 | -158.2% |
| Income taxes | 67/77 | €14,156 | - | -€14,156 | |
| Profit (loss) for the period | 9904 | -€32,077 | -€46,264 | -€14,187 | -44.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€32,077 | -€46,264 | -€14,187 | -44.2% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.