Miroberg: 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.
Miroberg
Largest movements
- Cash -€17,347
down €17,347 (-39.1%), from €44,360 to €27,013
mainly Investment in fixed assets (net) (-€20,429) and Tax, wage and social debts (-€3,311)
- Tangible fixed assets +€10,601
up €10,601 (+3.0%), from €352,834 to €363,435
of which Land and buildings: +€9,159
No liability line moved by more than 1% of the balance sheet total.
- Gross operating margin -€13,115
down €13,115 (-38.3%), from €34,269 to €21,154
- Taxes -€4,740
down €4,740 (-88.7%), from €5,341 to €601
- Financial charges +€3,546
up €3,546 (+2530.0%), from €140 to €3,686
- Other operating charges +€1,594
up €1,594 (+18.3%), from €8,701 to €10,295
- Depreciation +€560
up €560 (+6.0%), from €9,268 to €9,828
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 | €404,215 | €396,471 | -€7,744 | -1.9% |
| Fixed assets | 21/28 | €352,834 | €363,435 | +€10,601 | +3.0% |
| Tangible fixed assets | 22/27 | €352,834 | €363,435 | +€10,601 | +3.0% |
| Land and buildings | 22 | €352,405 | €361,564 | +€9,159 | +2.6% |
| Plant, machinery and equipment | 23 | - | €1,871 | +€1,871 | |
| Furniture and vehicles | 24 | €429 | - | -€429 | |
| Current assets | 29/58 | €51,381 | €33,036 | -€18,344 | -35.7% |
| Amounts receivable within one year | 40/41 | €6,164 | €4,399 | -€1,765 | -28.6% |
| Trade receivables | 40 | €6,164 | - | -€6,164 | |
| Other amounts receivable | 41 | - | €4,399 | +€4,399 | |
| Cash at bank and in hand | 54/58 | €44,360 | €27,013 | -€17,347 | -39.1% |
| Deferred charges and accrued income | 490/1 | €856 | €1,624 | +€768 | +89.7% |
| Total equity and liabilities | 10/49 | €404,215 | €396,471 | -€7,744 | -1.9% |
| Equity | 10/15 | €323,752 | €321,254 | -€2,498 | -0.8% |
| Contributions | 10/11 | €187,834 | €187,834 | = | 0.0% |
| Reserves | 13 | €135,919 | €133,421 | -€2,498 | -1.8% |
| Non-distributable reserves | 130/1 | €509 | €509 | = | 0.0% |
| Own shares acquired | 1312 | - | €509 | +€509 | |
| Other | 1319 | €509 | - | -€509 | |
| Tax-exempt reserves | 132 | €67,432 | €65,159 | -€2,273 | -3.4% |
| Distributable reserves | 133 | €67,979 | €67,753 | -€226 | -0.3% |
| Provisions and deferred taxes | 16 | €22,477 | €21,720 | -€758 | -3.4% |
| Deferred taxes | 168 | €22,477 | €21,720 | -€758 | -3.4% |
| Amounts payable | 17/49 | €57,985 | €53,498 | -€4,488 | -7.7% |
| Amounts payable within one year | 42/48 | €46,798 | €41,204 | -€5,594 | -12.0% |
| Trade debts | 44 | €4,847 | €4,867 | +€21 | +0.4% |
| Suppliers | 440/4 | €4,847 | €4,867 | +€21 | +0.4% |
| Taxes, remuneration and social security | 45 | €3,311 | - | -€3,311 | |
| Taxes | 450/3 | €3,311 | - | -€3,311 | |
| Other amounts payable | 47/48 | €38,641 | €36,337 | -€2,304 | -6.0% |
| Accrued charges and deferred income | 492/3 | €11,188 | €12,294 | +€1,106 | +9.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,268 | €9,828 | +€560 | +6.0% |
| Other operating charges | 640/8 | €8,701 | €10,295 | +€1,594 | +18.3% |
| Gross operating margin | 9900 | €34,269 | €21,154 | -€13,115 | -38.3% |
| Operating profit (loss) | 9901 | €16,301 | €1,031 | -€15,269 | -93.7% |
| Financial income | 75/76B | €3 | - | -€3 | |
| Recurring financial income | 75 | €3 | - | -€3 | |
| Financial charges | 65/66B | €140 | €3,686 | +€3,546 | +2530.0% |
| Recurring financial charges | 65 | €140 | €3,686 | +€3,546 | +2530.0% |
| Profit (loss) for the period before taxes | 9903 | €16,164 | -€2,655 | -€18,819 | |
| Transfer from deferred taxes | 780 | €758 | €758 | -€0 | 0.0% |
| Income taxes | 67/77 | €5,341 | €601 | -€4,740 | -88.7% |
| Profit (loss) for the period | 9904 | €11,580 | -€2,498 | -€14,079 | |
| Transfer from tax-exempt reserves | 789 | €2,273 | €2,273 | -€0 | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €13,853 | -€226 | -€14,079 |
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 5 October 2026 via checked.be.