MIREC: 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.
What changed
MIREC
NACE 70.200, Business and other management consultancy
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€96,620
2024 · -€64,575+€161,194
Equity
€1.4m
2024 · €1.3m+€96,620
Cash
€71,431
2024 · €95,648-€24,216
Balance sheet total
€1.7m
2024 · €1.7m-€32,699
Largest movements
Assets
- Cash -€24,216
down €24,216 (-25.3%), from €95,648 to €71,431
mainly Other debts (-€96,884) and Trade debts (-€13,403)
Equity and liabilities
- Other debts -€96,884
down €96,884 (-41.0%), from €236,245 to €139,360
- Reserves +€96,620
up €96,620 (+7.2%), from €1.3m to €1.4m
of which Distributable reserves: +€96,620
Income statement
- Financial income +€99,684
up €99,684 (+38860.0%), from €257 to €99,940
- Staff costs -€46,592
down €46,592 (-5.8%), from €808,608 to €762,016
- Gross operating margin +€17,750
up €17,750 (+2.3%), from €761,650 to €779,400
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.
Result 2024
-€64,575
Gross operating margin
+€17,750
Staff costs
+€46,592
Depreciation
-€1,667
Other operating charges
-€917
Financial income
+€99,684
Financial charges
-€289
Taxes
+€41
Result 2025
€96,620
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.
From operations
-€12,177
Investment
€0
Financing
-€12,039
Cash 2024
€95,648
From operations (derived)
-€12,177
Net result for the year
+€96,620
Depreciation
+€10,000
Receivables within one year
-€410
Deferred charges and accrued income
-€1,107
Trade debts
-€13,403
Tax, wage and social debts
-€8,952
Other debts
-€96,884
Accrued charges and deferred income
+€1,960
Financing
-€12,039
Debts after one year
-€9,828
Current portion of long-term debt
+€348
Short-term financial debts
-€2,559
Cash 2025
€71,431
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,741,212 | €1,708,512 | -€32,699 | -1.9% |
| Fixed assets | 21/28 | €1,490,278 | €1,480,278 | -€10,000 | -0.7% |
| Tangible fixed assets | 22/27 | €41,667 | €31,667 | -€10,000 | -24.0% |
| Leasing and similar rights | 25 | €41,667 | €31,667 | -€10,000 | -24.0% |
| Financial fixed assets | 28 | €1,448,611 | €1,448,611 | = | 0.0% |
| Current assets | 29/58 | €250,934 | €228,235 | -€22,699 | -9.0% |
| Amounts receivable within one year | 40/41 | €155,286 | €155,697 | +€410 | +0.3% |
| Trade receivables | 40 | €78,650 | €78,650 | = | 0.0% |
| Other amounts receivable | 41 | €76,636 | €77,047 | +€410 | +0.5% |
| Cash at bank and in hand | 54/58 | €95,648 | €71,431 | -€24,216 | -25.3% |
| Deferred charges and accrued income | 490/1 | - | €1,107 | +€1,107 | |
| Total equity and liabilities | 10/49 | €1,741,212 | €1,708,512 | -€32,699 | -1.9% |
| Equity | 10/15 | €1,342,675 | €1,439,295 | +€96,620 | +7.2% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,336,475 | €1,433,095 | +€96,620 | +7.2% |
| Tax-exempt reserves | 132 | €18,750 | €18,750 | = | 0.0% |
| Distributable reserves | 133 | €1,317,725 | €1,414,345 | +€96,620 | +7.3% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €398,537 | €269,218 | -€129,319 | -32.4% |
| Amounts payable after more than one year | 17 | €32,877 | €23,049 | -€9,828 | -29.9% |
| Financial debts | 170/4 | €32,877 | €23,049 | -€9,828 | -29.9% |
| Amounts payable within one year | 42/48 | €365,660 | €244,209 | -€121,451 | -33.2% |
| Current portion of amounts payable after more than one year | 42 | €9,480 | €9,828 | +€348 | +3.7% |
| Financial debts | 43 | €10,134 | €7,575 | -€2,559 | -25.3% |
| Credit institutions | 430/8 | €10,134 | €7,575 | -€2,559 | -25.3% |
| Trade debts | 44 | €17,603 | €4,200 | -€13,403 | -76.1% |
| Suppliers | 440/4 | €17,603 | €4,200 | -€13,403 | -76.1% |
| Taxes, remuneration and social security | 45 | €92,199 | €83,246 | -€8,952 | -9.7% |
| Taxes | 450/3 | €38,369 | €40,729 | +€2,360 | +6.1% |
| Remuneration and social security | 454/9 | €53,829 | €42,517 | -€11,312 | -21.0% |
| Other amounts payable | 47/48 | €236,245 | €139,360 | -€96,884 | -41.0% |
| Accrued charges and deferred income | 492/3 | - | €1,960 | +€1,960 | |
| Non-recurring operating income | 76A | - | €2,479 | +€2,479 | |
| Remuneration, social security and pensions | 62 | €808,608 | €762,016 | -€46,592 | -5.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,333 | €10,000 | +€1,667 | +20.0% |
| Other operating charges | 640/8 | €4,048 | €4,964 | +€917 | +22.6% |
| Gross operating margin | 9900 | €761,650 | €779,400 | +€17,750 | +2.3% |
| Operating profit (loss) | 9901 | -€59,339 | €2,420 | +€61,759 | |
| Financial income | 75/76B | €257 | €99,940 | +€99,684 | +38860.0% |
| Recurring financial income | 75 | €257 | €99,940 | +€99,684 | +38860.0% |
| Financial charges | 65/66B | €5,210 | €5,499 | +€289 | +5.6% |
| Recurring financial charges | 65 | €5,210 | €5,499 | +€289 | +5.6% |
| Profit (loss) for the period before taxes | 9903 | -€64,292 | €96,861 | +€161,153 | |
| Income taxes | 67/77 | €282 | €241 | -€41 | -14.7% |
| Profit (loss) for the period | 9904 | -€64,575 | €96,620 | +€161,194 | |
| Profit (loss) for the period to be appropriated | 9905 | -€64,575 | €96,620 | +€161,194 |
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.