MIRO: 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.
MIRO
Largest movements
- Cash -€42,518
down €42,518 (-56.6%), from €75,120 to €32,602
mainly Contributions, distributions and other (-€72,003) and Current portion of long-term debt (-€5,092)
- Receivables within one year -€16,838
down €16,838 (-17.7%), from €94,923 to €78,085
of which Trade receivables: -€15,318
- Tangible fixed assets -€9,318
down €9,318 (-36.8%), from €25,289 to €15,971
of which Furniture and vehicles: -€8,403
- Reserves -€60,902
down €60,902 (-40.9%), from €148,953 to €88,051
- Current portion of long-term debt -€5,092
down €5,092 (-66.2%), from €7,695 to €2,603
- Debts after one year -€2,603
down €2,603 (-100.0%), from €2,603 to €0
- Gross operating margin -€12,087
down €12,087 (-30.6%), from €39,560 to €27,472
- Taxes -€2,660
down €2,660 (-30.9%), from €8,606 to €5,946
- Other operating charges -€773
down €773 (-49.9%), from €1,550 to €776
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 | €196,506 | €127,582 | -€68,925 | -35.1% |
| Fixed assets | 21/28 | €25,289 | €15,971 | -€9,318 | -36.8% |
| Tangible fixed assets | 22/27 | €25,289 | €15,971 | -€9,318 | -36.8% |
| Plant, machinery and equipment | 23 | €6,573 | €5,658 | -€915 | -13.9% |
| Furniture and vehicles | 24 | €18,715 | €10,313 | -€8,403 | -44.9% |
| Current assets | 29/58 | €171,218 | €111,611 | -€59,606 | -34.8% |
| Amounts receivable within one year | 40/41 | €94,923 | €78,085 | -€16,838 | -17.7% |
| Trade receivables | 40 | €89,348 | €74,031 | -€15,318 | -17.1% |
| Other amounts receivable | 41 | €5,574 | €4,054 | -€1,520 | -27.3% |
| Cash at bank and in hand | 54/58 | €75,120 | €32,602 | -€42,518 | -56.6% |
| Deferred charges and accrued income | 490/1 | €1,175 | €925 | -€251 | -21.3% |
| Total equity and liabilities | 10/49 | €196,506 | €127,582 | -€68,925 | -35.1% |
| Equity | 10/15 | €168,968 | €108,066 | -€60,902 | -36.0% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €148,953 | €88,051 | -€60,902 | -40.9% |
| Distributable reserves | 133 | €148,953 | €88,051 | -€60,902 | -40.9% |
| Profit (loss) carried forward | 14 | €15 | €15 | = | 0.0% |
| Amounts payable | 17/49 | €27,538 | €19,516 | -€8,022 | -29.1% |
| Amounts payable after more than one year | 17 | €2,603 | €0 | -€2,603 | -100.0% |
| Financial debts | 170/4 | €2,603 | €0 | -€2,603 | -100.0% |
| Amounts payable within one year | 42/48 | €24,935 | €19,516 | -€5,419 | -21.7% |
| Current portion of amounts payable after more than one year | 42 | €7,695 | €2,603 | -€5,092 | -66.2% |
| Trade debts | 44 | €361 | €1,158 | +€797 | +221.2% |
| Suppliers | 440/4 | €361 | €1,158 | +€797 | +221.2% |
| Taxes, remuneration and social security | 45 | €14,843 | €13,469 | -€1,374 | -9.3% |
| Taxes | 450/3 | €14,843 | €13,469 | -€1,374 | -9.3% |
| Other amounts payable | 47/48 | €2,036 | €2,286 | +€250 | +12.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,542 | €9,318 | -€223 | -2.3% |
| Other operating charges | 640/8 | €1,550 | €776 | -€773 | -49.9% |
| Gross operating margin | 9900 | €39,560 | €27,472 | -€12,087 | -30.6% |
| Operating profit (loss) | 9901 | €28,468 | €17,378 | -€11,090 | -39.0% |
| Financial charges | 65/66B | €350 | €331 | -€19 | -5.4% |
| Recurring financial charges | 65 | €350 | €331 | -€19 | -5.4% |
| Profit (loss) for the period before taxes | 9903 | €28,119 | €17,047 | -€11,072 | -39.4% |
| Income taxes | 67/77 | €8,606 | €5,946 | -€2,660 | -30.9% |
| Profit (loss) for the period | 9904 | €19,513 | €11,101 | -€8,412 | -43.1% |
| Profit (loss) for the period to be appropriated | 9905 | €19,513 | €11,101 | -€8,412 | -43.1% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.