Miretti Benelux: 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.
Miretti Benelux
Largest movements
- Receivables within one year +€419,780
up €419,780 (+181%), from €232,547 to €652,327
of which Trade receivables: +€401,292
- Tangible fixed assets +€252,398
up €252,398 (+181%), from €139,126 to €391,524
of which Other tangible fixed assets: +€264,996
- Cash +€160,321
up €160,321 (+68.6%), from €233,556 to €393,876
mainly Trade debts (+€367,854) and Debts after one year (+€266,476)
- Deferred charges and accrued income +€27,484
up €27,484 (+1,092%), from €2,516 to €30,000
- Trade debts +€367,854
up €367,854 (+1,954%), from €18,825 to €386,680
- Debts after one year +€266,476
up €266,476 (+1,078%), from €24,723 to €291,198
- Reserves +€187,955
up €187,955 (+48.8%), from €385,276 to €573,231
- Tax, wage and social debts +€33,289
up €33,289 (+28.0%), from €119,067 to €152,355
of which Remuneration and social security: +€49,425
- Current portion of long-term debt +€21,747
up €21,747 (+185%), from €11,777 to €33,525
- Gross operating margin +€277,846
up €277,846 (+29.8%), from €933,207 to €1.2m
- Staff costs +€144,820
up €144,820 (+21.8%), from €664,451 to €809,271
- Other operating charges +€21,079
up €21,079 (+656%), from €3,215 to €24,294
- Taxes +€18,986
up €18,986 (+34.7%), from €54,748 to €73,734
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 | €663,612 | €1,535,898 | +€872,287 | +131% |
| Fixed assets | 21/28 | €154,241 | €404,639 | +€250,398 | +162% |
| Intangible fixed assets | 21 | €8,992 | €6,992 | -€2,000 | -22.2% |
| Tangible fixed assets | 22/27 | €139,126 | €391,524 | +€252,398 | +181% |
| Land and buildings | 22 | €18,713 | €0 | -€18,713 | -100% |
| Plant, machinery and equipment | 23 | €29,242 | €22,988 | -€6,254 | -21.4% |
| Furniture and vehicles | 24 | €44,036 | €56,405 | +€12,369 | +28.1% |
| Other tangible fixed assets | 26 | €47,135 | €312,131 | +€264,996 | +562% |
| Financial fixed assets | 28 | €6,123 | €6,123 | = | 0.0% |
| Current assets | 29/58 | €509,371 | €1,131,259 | +€621,888 | +122% |
| Stocks and contracts in progress | 3 | €40,752 | €55,056 | +€14,304 | +35.1% |
| Stocks | 30/36 | €40,752 | €55,056 | +€14,304 | +35.1% |
| Amounts receivable within one year | 40/41 | €232,547 | €652,327 | +€419,780 | +181% |
| Trade receivables | 40 | €230,811 | €632,103 | +€401,292 | +174% |
| Other amounts receivable | 41 | €1,736 | €20,224 | +€18,488 | +1,065% |
| Cash at bank and in hand | 54/58 | €233,556 | €393,876 | +€160,321 | +68.6% |
| Deferred charges and accrued income | 490/1 | €2,516 | €30,000 | +€27,484 | +1,092% |
| Total equity and liabilities | 10/49 | €663,612 | €1,535,898 | +€872,287 | +131% |
| Equity | 10/15 | €403,876 | €591,831 | +€187,955 | +46.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €385,276 | €573,231 | +€187,955 | +48.8% |
| Distributable reserves | 133 | €385,276 | €573,231 | +€187,955 | +48.8% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €259,736 | €944,068 | +€684,332 | +263% |
| Amounts payable after more than one year | 17 | €24,723 | €291,198 | +€266,476 | +1,078% |
| Financial debts | 170/4 | €24,723 | €291,198 | +€266,476 | +1,078% |
| Amounts payable within one year | 42/48 | €234,669 | €652,869 | +€418,201 | +178% |
| Current portion of amounts payable after more than one year | 42 | €11,777 | €33,525 | +€21,747 | +185% |
| Financial debts | 43 | €70,000 | €70,310 | +€310 | +0.4% |
| Credit institutions | 430/8 | €70,000 | €70,310 | +€310 | +0.4% |
| Trade debts | 44 | €18,825 | €386,680 | +€367,854 | +1,954% |
| Suppliers | 440/4 | €18,825 | €386,680 | +€367,854 | +1,954% |
| Taxes, remuneration and social security | 45 | €119,067 | €152,355 | +€33,289 | +28.0% |
| Taxes | 450/3 | €56,908 | €40,772 | -€16,137 | -28.4% |
| Remuneration and social security | 454/9 | €62,158 | €111,583 | +€49,425 | +79.5% |
| Other amounts payable | 47/48 | €15,000 | €10,000 | -€5,000 | -33.3% |
| Accrued charges and deferred income | 492/3 | €344 | €0 | -€344 | -100% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €664,451 | €809,271 | +€144,820 | +21.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €32,290 | €29,843 | -€2,446 | -7.6% |
| Other operating charges | 640/8 | €3,215 | €24,294 | +€21,079 | +656% |
| Non-recurring operating charges | 66A | - | €60,332 | +€60,332 | |
| Gross operating margin | 9900 | €933,207 | €1,211,054 | +€277,846 | +29.8% |
| Operating profit (loss) | 9901 | €233,252 | €287,313 | +€54,061 | +23.2% |
| Financial income | 75/76B | €0 | €170 | +€170 | +35,344% |
| Recurring financial income | 75 | €0 | €170 | +€170 | +35,344% |
| Financial charges | 65/66B | €7,387 | €15,795 | +€8,408 | +114% |
| Recurring financial charges | 65 | €7,387 | €15,795 | +€8,408 | +114% |
| Profit (loss) for the period before taxes | 9903 | €225,866 | €271,689 | +€45,823 | +20.3% |
| Income taxes | 67/77 | €54,748 | €73,734 | +€18,986 | +34.7% |
| Profit (loss) for the period | 9904 | €171,118 | €197,955 | +€26,836 | +15.7% |
| Profit (loss) for the period to be appropriated | 9905 | €171,118 | €197,955 | +€26,836 | +15.7% |
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 24 October 2026 via checked.be.