MIRO: 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.
MIRO
Largest movements
- Tangible fixed assets -€2,029
down €2,029 (-27.8%), from €7,293 to €5,264
of which Plant, machinery and equipment: -€1,479
- Cash -€1,673
down €1,673 (-49.3%), from €3,393 to €1,720
mainly Trade debts (-€5,248) and Investment in fixed assets (net) (-€843)
- Stocks and contracts +€697
up €697 (+49.3%), from €1,415 to €2,112
- Deferred charges and accrued income -€590
down €590 (-100.0%), from €590 to €0
- Receivables within one year -€331
down €331 (-13.8%), from €2,404 to €2,073
- Trade debts -€5,248
down €5,248 (-63.5%), from €8,261 to €3,013
- Profit (loss) carried forward +€679
up €679 (+5.2%), from -€13,007 to -€12,328
- Tax, wage and social debts +€643
up €643 (+224.6%), from €286 to €930
of which Taxes: +€643
- Gross operating margin -€7,773
down €7,773 (-14.4%), from €53,901 to €46,128
- Staff costs +€2,960
up €2,960 (+7.9%), from €37,619 to €40,579
- Depreciation +€550
up €550 (+23.7%), from €2,322 to €2,872
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 | €17,110 | €13,184 | -€3,926 | -22.9% |
| Fixed assets | 21/28 | €9,308 | €7,279 | -€2,029 | -21.8% |
| Tangible fixed assets | 22/27 | €7,293 | €5,264 | -€2,029 | -27.8% |
| Plant, machinery and equipment | 23 | €4,634 | €3,155 | -€1,479 | -31.9% |
| Furniture and vehicles | 24 | €2,658 | €2,109 | -€549 | -20.7% |
| Financial fixed assets | 28 | €2,015 | €2,015 | = | 0.0% |
| Current assets | 29/58 | €7,802 | €5,905 | -€1,897 | -24.3% |
| Stocks and contracts in progress | 3 | €1,415 | €2,112 | +€697 | +49.3% |
| Stocks | 30/36 | €1,415 | €2,112 | +€697 | +49.3% |
| Amounts receivable within one year | 40/41 | €2,404 | €2,073 | -€331 | -13.8% |
| Other amounts receivable | 41 | €2,404 | €2,073 | -€331 | -13.8% |
| Cash at bank and in hand | 54/58 | €3,393 | €1,720 | -€1,673 | -49.3% |
| Deferred charges and accrued income | 490/1 | €590 | €0 | -€590 | -100.0% |
| Total equity and liabilities | 10/49 | €17,110 | €13,184 | -€3,926 | -22.9% |
| Equity | 10/15 | €7,444 | €8,123 | +€679 | +9.1% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €1,859 | €1,859 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€13,007 | -€12,328 | +€679 | +5.2% |
| Amounts payable | 17/49 | €9,665 | €5,060 | -€4,605 | -47.6% |
| Amounts payable within one year | 42/48 | €8,547 | €3,942 | -€4,605 | -53.9% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Trade debts | 44 | €8,261 | €3,013 | -€5,248 | -63.5% |
| Suppliers | 440/4 | €8,261 | €3,013 | -€5,248 | -63.5% |
| Taxes, remuneration and social security | 45 | €286 | €930 | +€643 | +224.6% |
| Taxes | 450/3 | €286 | €930 | +€643 | +224.6% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €0 | - | = | |
| Accrued charges and deferred income | 492/3 | €1,118 | €1,118 | = | 0.0% |
| Remuneration, social security and pensions | 62 | €37,619 | €40,579 | +€2,960 | +7.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,322 | €2,872 | +€550 | +23.7% |
| Other operating charges | 640/8 | €1,196 | €1,490 | +€294 | +24.6% |
| Gross operating margin | 9900 | €53,901 | €46,128 | -€7,773 | -14.4% |
| Operating profit (loss) | 9901 | €12,765 | €1,188 | -€11,577 | -90.7% |
| Financial income | 75/76B | €22 | €65 | +€43 | +199.8% |
| Recurring financial income | 75 | €22 | €65 | +€43 | +199.8% |
| Financial charges | 65/66B | €181 | €155 | -€26 | -14.3% |
| Recurring financial charges | 65 | €181 | €155 | -€26 | -14.3% |
| Profit (loss) for the period before taxes | 9903 | €12,606 | €1,098 | -€11,508 | -91.3% |
| Income taxes | 67/77 | €7 | €419 | +€412 | +5797.6% |
| Profit (loss) for the period | 9904 | €12,599 | €679 | -€11,919 | -94.6% |
| Profit (loss) for the period to be appropriated | 9905 | €12,599 | €679 | -€11,919 | -94.6% |
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.