MIRLOR: 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.
MIRLOR
Largest movements
- Cash +€129,612
up €129,612 (+149%), from €87,176 to €216,788
mainly Trade debts (+€173,377) and Tax, wage and social debts (+€14,534)
- Stocks and contracts +€43,499
up €43,499 (+46.8%), from €92,944 to €136,443
- Receivables within one year +€20,460
up €20,460 (+15.3%), from €133,302 to €153,762
of which Other amounts receivable: +€18,694
- Trade debts +€173,377
up €173,377 (+178%), from €97,424 to €270,801
- Tax, wage and social debts +€14,534
up €14,534 (+19.2%), from €75,697 to €90,231
of which Remuneration and social security: +€21,411
- Other debts +€12,391
up €12,391 (+204%), from €6,080 to €18,471
- Reserves -€8,780
down €8,780 (-6.9%), from €126,985 to €118,205
- Gross operating margin -€26,005
down €26,005 (-7.4%), from €349,293 to €323,288
- Staff costs +€10,966
up €10,966 (+4.0%), from €271,724 to €282,690
- Taxes -€7,638
down €7,638 (-54.2%), from €14,083 to €6,446
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 | €321,187 | €512,708 | +€191,521 | +59.6% |
| Fixed assets | 21/28 | €7,513 | €4,502 | -€3,012 | -40.1% |
| Tangible fixed assets | 22/27 | €7,513 | €4,502 | -€3,012 | -40.1% |
| Plant, machinery and equipment | 23 | €6,436 | €3,883 | -€2,553 | -39.7% |
| Furniture and vehicles | 24 | €1,077 | €619 | -€458 | -42.6% |
| Financial fixed assets | 28 | €0 | - | = | |
| Current assets | 29/58 | €313,674 | €508,206 | +€194,533 | +62.0% |
| Stocks and contracts in progress | 3 | €92,944 | €136,443 | +€43,499 | +46.8% |
| Stocks | 30/36 | €92,944 | €136,443 | +€43,499 | +46.8% |
| Amounts receivable within one year | 40/41 | €133,302 | €153,762 | +€20,460 | +15.3% |
| Trade receivables | 40 | €117,748 | €119,514 | +€1,766 | +1.5% |
| Other amounts receivable | 41 | €15,554 | €34,248 | +€18,694 | +120% |
| Cash at bank and in hand | 54/58 | €87,176 | €216,788 | +€129,612 | +149% |
| Deferred charges and accrued income | 490/1 | €251 | €1,213 | +€962 | +383% |
| Total equity and liabilities | 10/49 | €321,187 | €512,708 | +€191,521 | +59.6% |
| Equity | 10/15 | €141,985 | €133,205 | -€8,780 | -6.2% |
| Contributions | 10/11 | €15,000 | €15,000 | = | 0.0% |
| Reserves | 13 | €126,985 | €118,205 | -€8,780 | -6.9% |
| Distributable reserves | 133 | €126,985 | €118,205 | -€8,780 | -6.9% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €179,202 | €379,503 | +€200,301 | +112% |
| Amounts payable within one year | 42/48 | €179,202 | €379,503 | +€200,301 | +112% |
| Trade debts | 44 | €97,424 | €270,801 | +€173,377 | +178% |
| Suppliers | 440/4 | €97,424 | €270,801 | +€173,377 | +178% |
| Taxes, remuneration and social security | 45 | €75,697 | €90,231 | +€14,534 | +19.2% |
| Taxes | 450/3 | €31,684 | €24,807 | -€6,877 | -21.7% |
| Remuneration and social security | 454/9 | €44,013 | €65,424 | +€21,411 | +48.6% |
| Other amounts payable | 47/48 | €6,080 | €18,471 | +€12,391 | +204% |
| Remuneration, social security and pensions | 62 | €271,724 | €282,690 | +€10,966 | +4.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,178 | €4,374 | +€197 | +4.7% |
| Other operating charges | 640/8 | €3,178 | €5,337 | +€2,159 | +67.9% |
| Gross operating margin | 9900 | €349,293 | €323,288 | -€26,005 | -7.4% |
| Operating profit (loss) | 9901 | €70,213 | €30,886 | -€39,327 | -56.0% |
| Financial income | 75/76B | €226 | €238 | +€12 | +5.3% |
| Recurring financial income | 75 | €226 | €238 | +€12 | +5.3% |
| Financial charges | 65/66B | €12,655 | €14,635 | +€1,980 | +15.6% |
| Recurring financial charges | 65 | €12,655 | €14,635 | +€1,980 | +15.6% |
| Profit (loss) for the period before taxes | 9903 | €57,784 | €16,489 | -€41,295 | -71.5% |
| Income taxes | 67/77 | €14,083 | €6,446 | -€7,638 | -54.2% |
| Profit (loss) for the period | 9904 | €43,701 | €10,043 | -€33,657 | -77.0% |
| Profit (loss) for the period to be appropriated | 9905 | €43,701 | €10,043 | -€33,657 | -77.0% |
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 14 October 2026 via checked.be.