MIRHO: 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.
MIRHO
Largest movements
- Current investments +€4.8m
up €4.8m (+1378.7%), from €348,280 to €5.2m
- Receivables within one year +€3.1m
up €3.1m (+39.1%), from €8.0m to €11.1m
of which Other amounts receivable: +€3.5m
- Cash -€2.5m
down €2.5m (-27.1%), from €9.2m to €6.7m
- Tangible fixed assets -€1.8m
down €1.8m (-6.0%), from €30.1m to €28.3m
- Receivables after one year +€1.0m
up €1.0m (+28.0%), from €3.6m to €4.6m
of which Trade receivables: +€1.1m
- Investment grants +€3.5m
up €3.5m (+21.3%), from €16.3m to €19.8m
- Profit (loss) carried forward +€966,694
up €966,694 (+19.8%), from €4.9m to €5.8m
- Reserves +€878,717
up €878,717 (+14.9%), from €5.9m to €6.8m
- Debts after one year -€544,639
down €544,639 (-5.0%), from €10.9m to €10.3m
- Accrued charges and deferred income -€251,878
down €251,878 (-5.7%), from €4.4m to €4.2m
- Staff costs -€271,256
down €271,256 (-6.6%), from €4.1m to €3.8m
- Turnover +€218,746
up €218,746 (+6.5%), from €3.4m to €3.6m
- Goods and materials +€109,444
up €109,444 (+12.6%), from €868,526 to €977,970
- Other operating income -€47,883
down €47,883 (-4.8%), from €990,025 to €942,142
From the 2023 result to the 2024 result
The net result is not in both sets of accounts; without it the difference cannot be explained line by line.
Cash bridge derived
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Fixed assets | 21/28 | €30,080,196 | €28,275,903 | -€1.8m | -6.0% |
| Intangible fixed assets | 21 | €736 | €368 | -€368 | -50.0% |
| Tangible fixed assets | 22/27 | €30,078,700 | €28,274,684 | -€1.8m | -6.0% |
| Land and buildings | 22 | €10,944,353 | €10,711,618 | -€232,735 | -2.1% |
| Plant, machinery and equipment | 23 | €2,967,650 | €2,550,988 | -€416,662 | -14.0% |
| Furniture and vehicles | 24 | €390,867 | €365,519 | -€25,348 | -6.5% |
| Leasing and similar rights | 25 | €8,688,519 | €8,296,521 | -€391,997 | -4.5% |
| Other tangible fixed assets | 26 | €4,897,871 | €4,865,325 | -€32,546 | -0.7% |
| Assets under construction and advance payments | 27 | €2,189,441 | €1,484,713 | -€704,728 | -32.2% |
| Financial fixed assets | 28 | €760 | €850 | +€90 | +11.8% |
| Current assets | 29/58 | €21,731,931 | €28,171,199 | +€6.4m | +29.6% |
| Amounts receivable after more than one year | 29 | €3,600,891 | €4,609,468 | +€1.0m | +28.0% |
| Trade receivables | 290 | €1,816,873 | €2,875,665 | +€1.1m | +58.3% |
| Other amounts receivable | 291 | €1,784,018 | €1,733,803 | -€50,215 | -2.8% |
| Stocks and contracts in progress | 3 | €256,157 | €209,684 | -€46,473 | -18.1% |
| Amounts receivable within one year | 40/41 | €7,993,510 | €11,119,933 | +€3.1m | +39.1% |
| Trade receivables | 40 | €7,049,350 | €6,712,321 | -€337,030 | -4.8% |
| Other amounts receivable | 41 | €944,159 | €4,407,612 | +€3.5m | +366.8% |
| Current investments | 50/53 | €348,280 | €5,150,000 | +€4.8m | +1378.7% |
| Cash at bank and in hand | 54/58 | €9,249,446 | €6,745,511 | -€2.5m | -27.1% |
| Deferred charges and accrued income | 490/1 | €283,647 | €336,603 | +€52,956 | +18.7% |
| Total equity and liabilities | 10/49 | €51,812,128 | €56,447,101 | +€4.6m | +8.9% |
| Equity | 10/15 | €33,414,362 | €38,823,118 | +€5.4m | +16.2% |
| Contributions | 10/11 | €6,345,403 | €6,431,687 | +€86,284 | +1.4% |
| Capital | 10 | €6,345,403 | €6,431,687 | +€86,284 | +1.4% |
| Reserves | 13 | €5,881,916 | €6,760,633 | +€878,717 | +14.9% |
| Profit (loss) carried forward | 14 | €4,870,890 | €5,837,584 | +€966,694 | +19.8% |
| Investment grants | 15 | €16,316,154 | €19,793,215 | +€3.5m | +21.3% |
| Provisions and deferred taxes | 16 | €985,284 | €1,095,170 | +€109,886 | +11.2% |
| Provisions for liabilities and charges | 160/5 | €985,284 | €1,095,170 | +€109,886 | +11.2% |
| Major repairs and maintenance | 162 | €985,284 | €1,095,170 | +€109,886 | +11.2% |
| Amounts payable | 17/49 | €17,412,481 | €16,528,813 | -€883,669 | -5.1% |
| Amounts payable after more than one year | 17 | €10,879,590 | €10,334,951 | -€544,639 | -5.0% |
| Financial debts | 170/4 | €10,879,590 | €10,334,951 | -€544,639 | -5.0% |
| Leasing and similar obligations | 172 | €8,612,162 | €8,409,055 | -€203,107 | -2.4% |
| Credit institutions | 173 | €1,994,171 | €1,647,797 | -€346,375 | -17.4% |
| Other loans | 174 | €273,257 | €278,099 | +€4,843 | +1.8% |
| Amounts payable within one year | 42/48 | €2,110,464 | €2,023,312 | -€87,151 | -4.1% |
| Current portion of amounts payable after more than one year | 42 | €575,100 | €577,194 | +€2,094 | +0.4% |
| Trade debts | 44 | €494,089 | €500,868 | +€6,779 | +1.4% |
| Advances received on contracts in progress | 46 | €433,018 | €358,882 | -€74,136 | -17.1% |
| Taxes, remuneration and social security | 45 | €475,880 | €482,360 | +€6,480 | +1.4% |
| Taxes | 450/3 | €77,258 | €109,405 | +€32,147 | +41.6% |
| Remuneration and social security | 454/9 | €398,622 | €372,955 | -€25,667 | -6.4% |
| Accrued charges and deferred income | 492/3 | €4,422,428 | €4,170,550 | -€251,878 | -5.7% |
| Turnover | 70 | €3,359,132 | €3,577,878 | +€218,746 | +6.5% |
| Other operating income | 74 | €990,025 | €942,142 | -€47,883 | -4.8% |
| Goods for resale, raw materials and consumables | 60 | €868,526 | €977,970 | +€109,444 | +12.6% |
| Services and other goods | 61 | €4,339,910 | €4,368,349 | +€28,440 | +0.7% |
| Remuneration, social security and pensions | 62 | €4,120,364 | €3,849,108 | -€271,256 | -6.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,799,058 | €2,817,297 | +€18,239 | +0.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€3,570 | -€8,180 | -€4,610 | -129.1% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €116,082 | €109,886 | -€6,196 | -5.3% |
| Recurring financial income | 75 | €97,296 | €196,005 | +€98,710 | +101.5% |
| Recurring financial charges | 65 | -€162,871 | -€193,451 | -€30,581 | -18.8% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.