MIRO-ELEC: 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-ELEC
Largest movements
- Cash -€36,741
down €36,741 (-71.3%), from €51,564 to €14,823
mainly Receivables within one year (-€19,041) and Investment in fixed assets (net) (-€14,182)
- Receivables within one year +€19,041
up €19,041 (+48.1%), from €39,612 to €58,653
of which Trade receivables: +€25,269
- Tangible fixed assets +€9,815
up €9,815 (+199%), from €4,939 to €14,754
- Tax, wage and social debts -€5,409
down €5,409 (-67.9%), from €7,965 to €2,557
of which Remuneration and social security: -€5,897
- Other debts -€4,840
down €4,840 (-80.7%), from €6,000 to €1,160
- Advances received +€1,679
up €1,679 (+92.0%), from €1,825 to €3,504
- Trade debts +€1,441
up €1,441 (+59.3%), from €2,428 to €3,869
- Gross operating margin -€85,864
down €85,864 (-77.4%), from €110,870 to €25,006
- Staff costs -€47,772
down €47,772 (-87.1%), from €54,848 to €7,076
- Taxes -€12,781
down €12,781 (-90.9%), from €14,068 to €1,287
- Other operating charges +€9,358
up €9,358 (+871%), from €1,075 to €10,432
- Financial charges +€2,457
up €2,457 (+1,710%), from €144 to €2,600
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 | €96,758 | €88,873 | -€7,885 | -8.1% |
| Fixed assets | 21/28 | €5,582 | €15,397 | +€9,815 | +176% |
| Tangible fixed assets | 22/27 | €4,939 | €14,754 | +€9,815 | +199% |
| Furniture and vehicles | 24 | €4,939 | €14,754 | +€9,815 | +199% |
| Financial fixed assets | 28 | €643 | €643 | = | 0.0% |
| Current assets | 29/58 | €91,175 | €73,476 | -€17,700 | -19.4% |
| Amounts receivable within one year | 40/41 | €39,612 | €58,653 | +€19,041 | +48.1% |
| Trade receivables | 40 | €18,933 | €44,201 | +€25,269 | +133% |
| Other amounts receivable | 41 | €20,679 | €14,452 | -€6,228 | -30.1% |
| Cash at bank and in hand | 54/58 | €51,564 | €14,823 | -€36,741 | -71.3% |
| Total equity and liabilities | 10/49 | €96,758 | €88,873 | -€7,885 | -8.1% |
| Equity | 10/15 | €78,539 | €77,783 | -€756 | -1.0% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €2,000 | €2,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2,000 | €2,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €56,539 | €55,783 | -€756 | -1.3% |
| Amounts payable | 17/49 | €18,219 | €11,090 | -€7,129 | -39.1% |
| Amounts payable within one year | 42/48 | €18,219 | €11,090 | -€7,129 | -39.1% |
| Trade debts | 44 | €2,428 | €3,869 | +€1,441 | +59.3% |
| Suppliers | 440/4 | €2,428 | €3,869 | +€1,441 | +59.3% |
| Advances received on contracts in progress | 46 | €1,825 | €3,504 | +€1,679 | +92.0% |
| Taxes, remuneration and social security | 45 | €7,965 | €2,557 | -€5,409 | -67.9% |
| Taxes | 450/3 | €1,338 | €1,827 | +€489 | +36.5% |
| Remuneration and social security | 454/9 | €6,627 | €730 | -€5,897 | -89.0% |
| Other amounts payable | 47/48 | €6,000 | €1,160 | -€4,840 | -80.7% |
| Remuneration, social security and pensions | 62 | €54,848 | €7,076 | -€47,772 | -87.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,939 | €4,367 | +€2,427 | +125% |
| Other operating charges | 640/8 | €1,075 | €10,432 | +€9,358 | +871% |
| Gross operating margin | 9900 | €110,870 | €25,006 | -€85,864 | -77.4% |
| Operating profit (loss) | 9901 | €53,008 | €3,131 | -€49,877 | -94.1% |
| Financial income | 75/76B | €2 | - | -€2 | |
| Recurring financial income | 75 | €2 | - | -€2 | |
| Financial charges | 65/66B | €144 | €2,600 | +€2,457 | +1,710% |
| Recurring financial charges | 65 | €144 | €2,600 | +€2,457 | +1,710% |
| Profit (loss) for the period before taxes | 9903 | €52,866 | €531 | -€52,336 | -99.0% |
| Income taxes | 67/77 | €14,068 | €1,287 | -€12,781 | -90.9% |
| Profit (loss) for the period | 9904 | €38,799 | -€756 | -€39,555 | |
| Profit (loss) for the period to be appropriated | 9905 | €38,799 | -€756 | -€39,555 |
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 19 October 2026 via checked.be.