MIRE: 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.
MIRE
Largest movements
- Current investments +€280,001
new in 2025: €280,001
- Cash -€118,757
down €118,757 (-88.6%), from €134,089 to €15,332
mainly Current investments (-€280,001) and Receivables within one year (-€106,248)
- Receivables within one year +€106,248
up €106,248 (+42.0%), from €253,224 to €359,472
- Deferred charges and accrued income +€14,349
new in 2025: €14,349
- Reserves +€181,106
up €181,106 (+78.8%), from €229,707 to €410,813
- Short-term financial debts +€44,926
new in 2025: €44,926
- Profit (loss) carried forward +€40,129
up €40,129 (+14.1%), from €283,938 to €324,066
- Debts after one year -€37,170
down €37,170 (-10.0%), from €373,321 to €336,151
- Trade debts +€16,534
up €16,534 (+218.2%), from €7,578 to €24,112
- Gross operating margin +€202,492
up €202,492 (+135.6%), from €149,299 to €351,791
- Taxes +€58,374
up €58,374 (+139.6%), from €41,814 to €100,187
- Financial income -€11,148
down €11,148 (-44.6%), from €24,973 to €13,825
- Financial charges -€9,732
down €9,732 (-32.6%), from €29,853 to €20,122
- Other operating charges +€5,338
up €5,338 (+213.8%), from €2,497 to €7,835
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 | €1,046,788 | €1,314,305 | +€267,517 | +25.6% |
| Fixed assets | 21/28 | €390,960 | €378,135 | -€12,825 | -3.3% |
| Tangible fixed assets | 22/27 | €390,960 | €378,135 | -€12,825 | -3.3% |
| Land and buildings | 22 | €382,281 | €372,025 | -€10,256 | -2.7% |
| Furniture and vehicles | 24 | €8,679 | €6,110 | -€2,569 | -29.6% |
| Current assets | 29/58 | €655,827 | €936,170 | +€280,342 | +42.7% |
| Amounts receivable after more than one year | 29 | €268,514 | €267,015 | -€1,499 | -0.6% |
| Trade receivables | 290 | - | €267,015 | +€267,015 | |
| Other amounts receivable | 291 | €268,514 | - | -€268,514 | |
| Amounts receivable within one year | 40/41 | €253,224 | €359,472 | +€106,248 | +42.0% |
| Other amounts receivable | 41 | €253,224 | €359,472 | +€106,248 | +42.0% |
| Current investments | 50/53 | - | €280,001 | +€280,001 | |
| Cash at bank and in hand | 54/58 | €134,089 | €15,332 | -€118,757 | -88.6% |
| Deferred charges and accrued income | 490/1 | - | €14,349 | +€14,349 | |
| Total equity and liabilities | 10/49 | €1,046,788 | €1,314,305 | +€267,517 | +25.6% |
| Equity | 10/15 | €526,045 | €747,280 | +€221,234 | +42.1% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €229,707 | €410,813 | +€181,106 | +78.8% |
| Distributable reserves | 133 | €229,707 | €410,813 | +€181,106 | +78.8% |
| Profit (loss) carried forward | 14 | €283,938 | €324,066 | +€40,129 | +14.1% |
| Amounts payable | 17/49 | €520,742 | €567,025 | +€46,283 | +8.9% |
| Amounts payable after more than one year | 17 | €373,321 | €336,151 | -€37,170 | -10.0% |
| Financial debts | 170/4 | €373,321 | €336,151 | -€37,170 | -10.0% |
| Amounts payable within one year | 42/48 | €147,421 | €230,874 | +€83,453 | +56.6% |
| Current portion of amounts payable after more than one year | 42 | €37,056 | €45,119 | +€8,064 | +21.8% |
| Financial debts | 43 | - | €44,926 | +€44,926 | |
| Credit institutions | 430/8 | - | €44,926 | +€44,926 | |
| Trade debts | 44 | €7,578 | €24,112 | +€16,534 | +218.2% |
| Suppliers | 440/4 | €7,578 | €24,112 | +€16,534 | +218.2% |
| Taxes, remuneration and social security | 45 | €102,787 | €116,717 | +€13,930 | +13.6% |
| Taxes | 450/3 | €102,787 | €116,717 | +€13,930 | +13.6% |
| Non-recurring operating income | 76A | €13,575 | - | -€13,575 | |
| Remuneration, social security and pensions | 62 | - | €444 | +€444 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,821 | €15,081 | +€2,260 | +17.6% |
| Other operating charges | 640/8 | €2,497 | €7,835 | +€5,338 | +213.8% |
| Gross operating margin | 9900 | €149,299 | €351,791 | +€202,492 | +135.6% |
| Operating profit (loss) | 9901 | €133,981 | €328,431 | +€194,450 | +145.1% |
| Financial income | 75/76B | €24,973 | €13,825 | -€11,148 | -44.6% |
| Recurring financial income | 75 | €24,973 | €13,825 | -€11,148 | -44.6% |
| Financial charges | 65/66B | €29,853 | €20,122 | -€9,732 | -32.6% |
| Recurring financial charges | 65 | €29,853 | €20,122 | -€9,732 | -32.6% |
| Profit (loss) for the period before taxes | 9903 | €129,100 | €322,134 | +€193,034 | +149.5% |
| Income taxes | 67/77 | €41,814 | €100,187 | +€58,374 | +139.6% |
| Profit (loss) for the period | 9904 | €87,286 | €221,947 | +€134,660 | +154.3% |
| Profit (loss) for the period to be appropriated | 9905 | €87,286 | €221,947 | +€134,660 | +154.3% |
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 10 October 2026 via checked.be.