MIRATE: 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.
MIRATE
Largest movements
- Cash +€47,890
up €47,890 (+158.0%), from €30,302 to €78,192
mainly Depreciation (+€30,991) and Net result for the year (+€24,302)
- Tangible fixed assets -€29,863
down €29,863 (-9.4%), from €316,654 to €286,790
of which Land and buildings: -€29,863
- Receivables within one year +€7,336
up €7,336 (+14.6%), from €50,363 to €57,699
- Profit (loss) carried forward +€24,302
up €24,302 (+13.1%), from -€186,155 to -€161,853
- Gross operating margin +€25,057
up €25,057 (+55.7%), from €44,955 to €70,013
- Other operating charges +€2,847
up €2,847 (+19.3%), from €14,787 to €17,634
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 | €399,219 | €423,982 | +€24,763 | +6.2% |
| Fixed assets | 21/28 | €316,654 | €286,790 | -€29,863 | -9.4% |
| Tangible fixed assets | 22/27 | €316,654 | €286,790 | -€29,863 | -9.4% |
| Land and buildings | 22 | €314,779 | €284,915 | -€29,863 | -9.5% |
| Other tangible fixed assets | 26 | €1,875 | €1,875 | = | 0.0% |
| Current assets | 29/58 | €82,565 | €137,191 | +€54,626 | +66.2% |
| Amounts receivable within one year | 40/41 | €50,363 | €57,699 | +€7,336 | +14.6% |
| Other amounts receivable | 41 | €50,363 | €57,699 | +€7,336 | +14.6% |
| Cash at bank and in hand | 54/58 | €30,302 | €78,192 | +€47,890 | +158.0% |
| Deferred charges and accrued income | 490/1 | €1,900 | €1,300 | -€600 | -31.6% |
| Total equity and liabilities | 10/49 | €399,219 | €423,982 | +€24,763 | +6.2% |
| Equity | 10/15 | -€71,570 | -€47,268 | +€24,302 | +34.0% |
| Contributions | 10/11 | €110,800 | €110,800 | = | 0.0% |
| Reserves | 13 | €3,785 | €3,785 | = | 0.0% |
| Distributable reserves | 133 | €3,785 | €3,785 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€186,155 | -€161,853 | +€24,302 | +13.1% |
| Amounts payable | 17/49 | €470,789 | €471,249 | +€461 | +0.1% |
| Amounts payable within one year | 42/48 | €470,789 | €471,249 | +€461 | +0.1% |
| Trade debts | 44 | €471 | €931 | +€460 | +97.6% |
| Suppliers | 440/4 | €471 | €931 | +€460 | +97.6% |
| Other amounts payable | 47/48 | €470,317 | €470,318 | +€1 | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €31,065 | €30,991 | -€74 | -0.2% |
| Other operating charges | 640/8 | €14,787 | €17,634 | +€2,847 | +19.3% |
| Gross operating margin | 9900 | €44,955 | €70,013 | +€25,057 | +55.7% |
| Operating profit (loss) | 9901 | -€896 | €21,388 | +€22,284 | |
| Financial income | 75/76B | €2,540 | €3,053 | +€513 | +20.2% |
| Recurring financial income | 75 | €2,540 | €3,053 | +€513 | +20.2% |
| Financial charges | 65/66B | €364 | €139 | -€226 | -61.9% |
| Recurring financial charges | 65 | €364 | €139 | -€226 | -61.9% |
| Profit (loss) for the period before taxes | 9903 | €1,279 | €24,302 | +€23,022 | +1799.7% |
| Profit (loss) for the period | 9904 | €1,279 | €24,302 | +€23,022 | +1799.7% |
| Profit (loss) for the period to be appropriated | 9905 | €1,279 | €24,302 | +€23,022 | +1799.7% |
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 4 October 2026 via checked.be.