MIRAYA: 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.
MIRAYA
Largest movements
- Stocks and contracts +€10,389
up €10,389 (+157%), from €6,597 to €16,986
- Tangible fixed assets -€3,048
down €3,048 (-36.4%), from €8,382 to €5,334
of which Plant, machinery and equipment: -€2,494
- Receivables within one year -€2,087
down €2,087 (-28.3%), from €7,364 to €5,277
of which Other amounts receivable: -€3,546
- Deferred charges and accrued income -€964
no longer reported in 2025 (was €964)
- Cash -€675
down €675 (-24.0%), from €2,807 to €2,132
mainly Stocks and contracts (-€10,389) and Trade debts (-€989)
- Reserves +€2,257
up €2,257 (+53.2%), from €4,245 to €6,503
- Advances received +€2,112
new in 2025: €2,112
- Trade debts -€989
down €989 (-73.2%), from €1,350 to €362
- Other operating charges +€1,040
up €1,040 (+124%), from €835 to €1,875
- Gross operating margin +€677
up €677 (+7.7%), from €8,798 to €9,474
- Staff costs +€672
up €672 (+213%), from €316 to €988
- Taxes -€217
down €217 (-20.9%), from €1,039 to €822
- Financial charges +€123
up €123 (+31.8%), from €386 to €509
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 | €26,114 | €29,730 | +€3,616 | +13.8% |
| Fixed assets | 21/28 | €8,382 | €5,334 | -€3,048 | -36.4% |
| Tangible fixed assets | 22/27 | €8,382 | €5,334 | -€3,048 | -36.4% |
| Land and buildings | 22 | €2,645 | €2,311 | -€334 | -12.6% |
| Plant, machinery and equipment | 23 | €4,598 | €2,104 | -€2,494 | -54.2% |
| Furniture and vehicles | 24 | €1,139 | €919 | -€220 | -19.3% |
| Current assets | 29/58 | €17,732 | €24,396 | +€6,663 | +37.6% |
| Stocks and contracts in progress | 3 | €6,597 | €16,986 | +€10,389 | +157% |
| Stocks | 30/36 | €6,597 | €16,986 | +€10,389 | +157% |
| Amounts receivable within one year | 40/41 | €7,364 | €5,277 | -€2,087 | -28.3% |
| Trade receivables | 40 | €403 | €1,862 | +€1,459 | +362% |
| Other amounts receivable | 41 | €6,961 | €3,415 | -€3,546 | -50.9% |
| Cash at bank and in hand | 54/58 | €2,807 | €2,132 | -€675 | -24.0% |
| Deferred charges and accrued income | 490/1 | €964 | - | -€964 | |
| Total equity and liabilities | 10/49 | €26,114 | €29,730 | +€3,616 | +13.8% |
| Equity | 10/15 | €22,845 | €25,103 | +€2,257 | +9.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Contributions outside capital | 11 | €18,600 | €18,600 | = | 0.0% |
| Other | 1109/19 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €4,245 | €6,503 | +€2,257 | +53.2% |
| Distributable reserves | 133 | €4,245 | €6,503 | +€2,257 | +53.2% |
| Amounts payable | 17/49 | €3,269 | €4,627 | +€1,358 | +41.6% |
| Amounts payable within one year | 42/48 | €3,269 | €4,627 | +€1,358 | +41.6% |
| Trade debts | 44 | €1,350 | €362 | -€989 | -73.2% |
| Suppliers | 440/4 | €1,350 | €362 | -€989 | -73.2% |
| Advances received on contracts in progress | 46 | - | €2,112 | +€2,112 | |
| Taxes, remuneration and social security | 45 | €1,918 | €2,154 | +€235 | +12.3% |
| Taxes | 450/3 | €1,918 | €2,154 | +€235 | +12.3% |
| Remuneration, social security and pensions | 62 | €316 | €988 | +€672 | +213% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,048 | €3,048 | = | 0.0% |
| Other operating charges | 640/8 | €835 | €1,875 | +€1,040 | +124% |
| Gross operating margin | 9900 | €8,798 | €9,474 | +€677 | +7.7% |
| Operating profit (loss) | 9901 | €4,599 | €3,564 | -€1,035 | -22.5% |
| Financial income | 75/76B | €2 | €25 | +€23 | +1,101% |
| Recurring financial income | 75 | €2 | €25 | +€23 | +1,101% |
| Financial charges | 65/66B | €386 | €509 | +€123 | +31.8% |
| Recurring financial charges | 65 | €386 | €509 | +€123 | +31.8% |
| Profit (loss) for the period before taxes | 9903 | €4,214 | €3,079 | -€1,136 | -26.9% |
| Income taxes | 67/77 | €1,039 | €822 | -€217 | -20.9% |
| Profit (loss) for the period | 9904 | €3,176 | €2,257 | -€919 | -28.9% |
| Profit (loss) for the period to be appropriated | 9905 | €3,176 | €2,257 | -€919 | -28.9% |
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 20 October 2026 via checked.be.