MIRAX: 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.
MIRAX
Largest movements
- Cash +€27,227
up €27,227 (+878%), from €3,100 to €30,327
mainly Other debts (+€32,520) and Depreciation (+€26,967)
- Receivables within one year -€22,417
down €22,417 (-64.3%), from €34,865 to €12,449
of which Other amounts receivable: -€19,267
- Tangible fixed assets -€14,906
down €14,906 (-6.0%), from €249,144 to €234,238
of which Furniture and vehicles: -€9,330
- Profit (loss) carried forward -€33,570
down €33,570 (-70.0%), from -€47,986 to -€81,556
- Other debts +€32,520
up €32,520 (+20.8%), from €156,276 to €188,795
- Current portion of long-term debt -€7,409
down €7,409 (-50.3%), from €14,738 to €7,329
- Debts after one year -€7,329
down €7,329 (-7.9%), from €92,646 to €85,317
- Trade debts +€4,932
up €4,932 (+996%), from €495 to €5,428
- Gross operating margin +€15,899
up €15,899 (+346%), from €4,591 to €20,489
- Financial charges -€3,638
down €3,638 (-72.2%), from €5,037 to €1,399
- Depreciation +€3,533
up €3,533 (+15.1%), from €23,434 to €26,967
- Other operating charges +€1,581
up €1,581 (+26.9%), from €5,883 to €7,463
- Financial income +€406
up €406 (+1,213%), from €33 to €439
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 | €287,164 | €277,014 | -€10,150 | -3.5% |
| Fixed assets | 21/28 | €249,199 | €234,238 | -€14,960 | -6.0% |
| Tangible fixed assets | 22/27 | €249,144 | €234,238 | -€14,906 | -6.0% |
| Land and buildings | 22 | €227,680 | €223,869 | -€3,811 | -1.7% |
| Plant, machinery and equipment | 23 | €9,287 | €7,521 | -€1,765 | -19.0% |
| Furniture and vehicles | 24 | €12,178 | €2,848 | -€9,330 | -76.6% |
| Financial fixed assets | 28 | €54 | €0 | -€54 | -100% |
| Current assets | 29/58 | €37,965 | €42,776 | +€4,811 | +12.7% |
| Amounts receivable within one year | 40/41 | €34,865 | €12,449 | -€22,417 | -64.3% |
| Trade receivables | 40 | €14,502 | €11,353 | -€3,149 | -21.7% |
| Other amounts receivable | 41 | €20,363 | €1,096 | -€19,267 | -94.6% |
| Cash at bank and in hand | 54/58 | €3,100 | €30,327 | +€27,227 | +878% |
| Total equity and liabilities | 10/49 | €287,164 | €277,014 | -€10,150 | -3.5% |
| Equity | 10/15 | €14,011 | -€19,559 | -€33,570 | |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €43,397 | €43,397 | = | 0.0% |
| Distributable reserves | 133 | €43,397 | €43,397 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€47,986 | -€81,556 | -€33,570 | -70.0% |
| Amounts payable | 17/49 | €273,153 | €296,573 | +€23,421 | +8.6% |
| Amounts payable after more than one year | 17 | €92,646 | €85,317 | -€7,329 | -7.9% |
| Financial debts | 170/4 | €92,646 | €85,317 | -€7,329 | -7.9% |
| Amounts payable within one year | 42/48 | €177,282 | €211,257 | +€33,974 | +19.2% |
| Current portion of amounts payable after more than one year | 42 | €14,738 | €7,329 | -€7,409 | -50.3% |
| Trade debts | 44 | €495 | €5,428 | +€4,932 | +996% |
| Suppliers | 440/4 | €495 | €5,428 | +€4,932 | +996% |
| Taxes, remuneration and social security | 45 | €5,773 | €9,704 | +€3,931 | +68.1% |
| Taxes | 450/3 | €3,775 | €7,204 | +€3,429 | +90.9% |
| Remuneration and social security | 454/9 | €1,998 | €2,500 | +€502 | +25.1% |
| Other amounts payable | 47/48 | €156,276 | €188,795 | +€32,520 | +20.8% |
| Accrued charges and deferred income | 492/3 | €3,224 | €0 | -€3,224 | -100% |
| Non-recurring operating income | 76A | €465 | €0 | -€465 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,434 | €26,967 | +€3,533 | +15.1% |
| Other operating charges | 640/8 | €5,883 | €7,463 | +€1,581 | +26.9% |
| Non-recurring operating charges | 66A | €0 | €18,765 | +€18,765 | |
| Gross operating margin | 9900 | €4,591 | €20,489 | +€15,899 | +346% |
| Operating profit (loss) | 9901 | -€24,726 | -€32,706 | -€7,980 | -32.3% |
| Financial income | 75/76B | €33 | €439 | +€406 | +1,213% |
| Recurring financial income | 75 | €33 | €439 | +€406 | +1,213% |
| Financial charges | 65/66B | €5,037 | €1,399 | -€3,638 | -72.2% |
| Recurring financial charges | 65 | €5,037 | €1,399 | -€3,638 | -72.2% |
| Profit (loss) for the period before taxes | 9903 | -€29,730 | -€33,666 | -€3,936 | -13.2% |
| Income taxes | 67/77 | €134 | -€96 | -€230 | |
| Profit (loss) for the period | 9904 | -€29,865 | -€33,570 | -€3,706 | -12.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€29,865 | -€33,570 | -€3,706 | -12.4% |
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 17 October 2026 via checked.be.