MIRLO: 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.
MIRLO
Largest movements
- Tangible fixed assets +€266,772
up €266,772 (+44.7%), from €597,387 to €864,159
of which Land and buildings: +€257,094
- Current investments -€22,207
down €22,207 (-4.7%), from €472,481 to €450,274
- Debts after one year +€425,000
new in 2025: €425,000
- Short-term financial debts -€255,051
down €255,051 (-100.0%), from €255,051 to €0
- Trade debts +€247,500
new in 2025: €247,500
- Other debts -€166,785
down €166,785 (-44.0%), from €379,320 to €212,535
- Gross operating margin +€5,553
up €5,553 (+56.4%), from €9,843 to €15,395
- Financial income +€4,564
up €4,564 (+167.0%), from €2,732 to €7,296
of which Financial income: +€4,564
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 | €1,082,841 | €1,333,196 | +€250,354 | +23.1% |
| Fixed assets | 21/28 | €597,387 | €864,159 | +€266,772 | +44.7% |
| Tangible fixed assets | 22/27 | €597,387 | €864,159 | +€266,772 | +44.7% |
| Land and buildings | 22 | €596,969 | €854,063 | +€257,094 | +43.1% |
| Plant, machinery and equipment | 23 | €418 | €10,096 | +€9,678 | +2315.4% |
| Current assets | 29/58 | €485,454 | €469,036 | -€16,418 | -3.4% |
| Amounts receivable within one year | 40/41 | €820 | €12,189 | +€11,369 | +1387.2% |
| Other amounts receivable | 41 | €820 | €12,189 | +€11,369 | +1387.2% |
| Current investments | 50/53 | €472,481 | €450,274 | -€22,207 | -4.7% |
| Cash at bank and in hand | 54/58 | €9,955 | €5,155 | -€4,800 | -48.2% |
| Deferred charges and accrued income | 490/1 | €2,198 | €1,419 | -€779 | -35.4% |
| Total equity and liabilities | 10/49 | €1,082,841 | €1,333,196 | +€250,354 | +23.1% |
| Equity | 10/15 | €448,470 | €448,161 | -€309 | -0.1% |
| Contributions | 10/11 | €352,500 | €352,500 | = | 0.0% |
| Reserves | 13 | €106,303 | €106,303 | = | 0.0% |
| Non-distributable reserves | 130/1 | €15,426 | €15,426 | = | 0.0% |
| Reserves not available under the articles | 1311 | €15,426 | €15,426 | = | 0.0% |
| Distributable reserves | 133 | €90,877 | €90,877 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€10,333 | -€10,643 | -€309 | -3.0% |
| Amounts payable | 17/49 | €634,371 | €885,035 | +€250,664 | +39.5% |
| Amounts payable after more than one year | 17 | - | €425,000 | +€425,000 | |
| Financial debts | 170/4 | - | €425,000 | +€425,000 | |
| Amounts payable within one year | 42/48 | €634,371 | €460,035 | -€174,336 | -27.5% |
| Financial debts | 43 | €255,051 | €0 | -€255,051 | -100.0% |
| Other loans | 439 | €255,051 | €0 | -€255,051 | -100.0% |
| Trade debts | 44 | - | €247,500 | +€247,500 | |
| Suppliers | 440/4 | - | €247,500 | +€247,500 | |
| Other amounts payable | 47/48 | €379,320 | €212,535 | -€166,785 | -44.0% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,383 | €18,373 | -€9 | -0.1% |
| Other operating charges | 640/8 | €4,331 | €4,430 | +€99 | +2.3% |
| Gross operating margin | 9900 | €9,843 | €15,395 | +€5,553 | +56.4% |
| Operating profit (loss) | 9901 | -€12,871 | -€7,408 | +€5,463 | +42.4% |
| Financial income | 75/76B | €2,732 | €7,296 | +€4,564 | +167.0% |
| Recurring financial income | 75 | €2,732 | €7,296 | +€4,564 | +167.0% |
| Non-recurring financial income | 76B | €0 | - | = | |
| Financial charges | 65/66B | €194 | €197 | +€3 | +1.5% |
| Recurring financial charges | 65 | €194 | €197 | +€3 | +1.5% |
| Profit (loss) for the period before taxes | 9903 | -€10,333 | -€309 | +€10,024 | +97.0% |
| Income taxes | 67/77 | €0 | - | = | |
| Profit (loss) for the period | 9904 | -€10,333 | -€309 | +€10,024 | +97.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€10,333 | -€309 | +€10,024 | +97.0% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 October 2026 via checked.be.