MiReck: 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.
MiReck
Largest movements
- Receivables within one year -€23,011
down €23,011 (-13.2%), from €174,719 to €151,708
of which Trade receivables: -€19,989
- Stocks and contracts -€20,832
no longer reported in 2025 (was €20,832)
- Cash -€4,125
down €4,125 (-16.4%), from €25,097 to €20,972
mainly Trade debts (-€27,434) and Net result for the year (-€17,781)
- Trade debts -€27,434
down €27,434 (-27.0%), from €101,448 to €74,014
- Profit (loss) carried forward -€17,781
down €17,781 (-13.9%), from €127,556 to €109,775
- Gross operating margin -€18,335
down €18,335, from €6,261 to -€12,074
- Taxes -€4,847
no longer reported in 2025 (was €4,847)
- Depreciation +€832
up €832 (+62.4%), from €1,333 to €2,165
- Other operating charges +€448
up €448 (+78.8%), from €568 to €1,017
- Financial income -€312
down €312 (-73.0%), from €427 to €115
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 | €237,579 | €191,955 | -€45,624 | -19.2% |
| Fixed assets | 21/28 | €8,600 | €10,660 | +€2,060 | +24.0% |
| Tangible fixed assets | 22/27 | €8,600 | €10,660 | +€2,060 | +24.0% |
| Plant, machinery and equipment | 23 | €2,663 | €5,540 | +€2,878 | +108.1% |
| Furniture and vehicles | 24 | €5,937 | €5,119 | -€818 | -13.8% |
| Current assets | 29/58 | €228,979 | €181,295 | -€47,684 | -20.8% |
| Stocks and contracts in progress | 3 | €20,832 | - | -€20,832 | |
| Contracts in progress | 37 | €20,832 | - | -€20,832 | |
| Amounts receivable within one year | 40/41 | €174,719 | €151,708 | -€23,011 | -13.2% |
| Trade receivables | 40 | €139,441 | €119,453 | -€19,989 | -14.3% |
| Other amounts receivable | 41 | €35,277 | €32,255 | -€3,023 | -8.6% |
| Cash at bank and in hand | 54/58 | €25,097 | €20,972 | -€4,125 | -16.4% |
| Deferred charges and accrued income | 490/1 | €8,331 | €8,616 | +€285 | +3.4% |
| Total equity and liabilities | 10/49 | €237,579 | €191,955 | -€45,624 | -19.2% |
| Equity | 10/15 | €135,616 | €117,835 | -€17,781 | -13.1% |
| Contributions | 10/11 | €8,060 | €8,060 | = | 0.0% |
| Profit (loss) carried forward | 14 | €127,556 | €109,775 | -€17,781 | -13.9% |
| Amounts payable | 17/49 | €101,963 | €74,120 | -€27,843 | -27.3% |
| Amounts payable within one year | 42/48 | €101,963 | €74,120 | -€27,843 | -27.3% |
| Trade debts | 44 | €101,448 | €74,014 | -€27,434 | -27.0% |
| Suppliers | 440/4 | €101,448 | €74,014 | -€27,434 | -27.0% |
| Taxes, remuneration and social security | 45 | €515 | - | -€515 | |
| Taxes | 450/3 | €515 | - | -€515 | |
| Other amounts payable | 47/48 | - | €106 | +€106 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,333 | €2,165 | +€832 | +62.4% |
| Other operating charges | 640/8 | €568 | €1,017 | +€448 | +78.8% |
| Gross operating margin | 9900 | €6,261 | -€12,074 | -€18,335 | |
| Operating profit (loss) | 9901 | €4,360 | -€15,255 | -€19,615 | |
| Financial income | 75/76B | €427 | €115 | -€312 | -73.0% |
| Recurring financial income | 75 | €427 | €115 | -€312 | -73.0% |
| Financial charges | 65/66B | €2,711 | €2,641 | -€70 | -2.6% |
| Recurring financial charges | 65 | €2,711 | €2,641 | -€70 | -2.6% |
| Profit (loss) for the period before taxes | 9903 | €2,076 | -€17,781 | -€19,857 | |
| Income taxes | 67/77 | €4,847 | - | -€4,847 | |
| Profit (loss) for the period | 9904 | -€2,770 | -€17,781 | -€15,010 | -541.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€2,770 | -€17,781 | -€15,010 | -541.8% |
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.