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Miron: 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.

What changed

Miron

BE 0871.517.284
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€5,491
2024 · €3,013+€2,478
Equity
€26,054
2024 · €20,563+€5,491
Cash
€12,641
2024 · €8,653+€3,988
Balance sheet total
€41,121
2024 · €40,164+€957

Largest movements

2024 to 2025
Assets
  • Cash +€3,988

    up €3,988 (+46.1%), from €8,653 to €12,641

    mainly Net result for the year (+€5,491) and Depreciation (+€2,909)

  • Tangible fixed assets -€2,909

    down €2,909 (-9.3%), from €31,352 to €28,442

Equity and liabilities
  • Reserves +€5,491

    up €5,491 (+38.5%), from €14,263 to €19,754

  • Current portion of long-term debt -€2,302

    no longer reported in 2025 (was €2,302)

  • Debts after one year -€2,000

    no longer reported in 2025 (was €2,000)

  • Accrued charges and deferred income -€672

    down €672 (-36.9%), from €1,822 to €1,150

  • Tax, wage and social debts +€440

    up €440 (+36.4%), from €1,210 to €1,650

Income statement
  • Depreciation -€3,285

    down €3,285 (-53.0%), from €6,195 to €2,909

  • Taxes +€1,137

    up €1,137 (+75.2%), from €1,513 to €2,650

  • Financial charges -€229

    down €229 (-46.7%), from €490 to €261

  • Gross operating margin +€141

    up €141 (+1.1%), from €12,550 to €12,691

From the 2024 result to the 2025 result

effect on the 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.

Result 2024 €3,013
Gross operating margin +€141
Depreciation +€3,285
Other operating charges -€40
Financial charges +€229
Taxes -€1,137
Result 2025 €5,491
raises the resultlowers the result

Derived cash bridge

cash 2024 to 2025

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.

From operations +€8,290
Investment €0
Financing -€4,302
Cash 2024 €8,653
Net result for the year +€5,491
Depreciation +€2,909
Deferred charges and accrued income +€122
Tax, wage and social debts +€440
Accrued charges and deferred income -€672
Debts after one year -€2,000
Current portion of long-term debt -€2,302
Cash 2025 €12,641
brings cash intakes cash out
Every line side by side 32 lines
Line Code 2024 2025 Change %
Total assets 20/58 €40,164 €41,121 +€957 +2.4%
Fixed assets 21/28 €31,352 €28,442 -€2,909 -9.3%
Tangible fixed assets 22/27 €31,352 €28,442 -€2,909 -9.3%
Land and buildings 22 €31,352 €28,442 -€2,909 -9.3%
Current assets 29/58 €8,812 €12,679 +€3,866 +43.9%
Cash at bank and in hand 54/58 €8,653 €12,641 +€3,988 +46.1%
Deferred charges and accrued income 490/1 €159 €38 -€122 -76.3%
Total equity and liabilities 10/49 €40,164 €41,121 +€957 +2.4%
Equity 10/15 €20,563 €26,054 +€5,491 +26.7%
Contributions 10/11 €6,300 €6,300 = 0.0%
Reserves 13 €14,263 €19,754 +€5,491 +38.5%
Distributable reserves 133 €14,263 €19,754 +€5,491 +38.5%
Amounts payable 17/49 €19,601 €15,067 -€4,534 -23.1%
Amounts payable after more than one year 17 €2,000 - -€2,000
Other amounts payable 178/9 €2,000 - -€2,000
Amounts payable within one year 42/48 €15,779 €13,917 -€1,862 -11.8%
Current portion of amounts payable after more than one year 42 €2,302 - -€2,302
Taxes, remuneration and social security 45 €1,210 €1,650 +€440 +36.4%
Taxes 450/3 €1,210 €1,650 +€440 +36.4%
Other amounts payable 47/48 €12,267 €12,267 = 0.0%
Accrued charges and deferred income 492/3 €1,822 €1,150 -€672 -36.9%
Non-recurring operating income 76A - €1,000 +€1,000
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets 630 €6,195 €2,909 -€3,285 -53.0%
Other operating charges 640/8 €1,340 €1,380 +€40 +3.0%
Gross operating margin 9900 €12,550 €12,691 +€141 +1.1%
Operating profit (loss) 9901 €5,016 €8,402 +€3,386 +67.5%
Financial charges 65/66B €490 €261 -€229 -46.7%
Recurring financial charges 65 €490 €261 -€229 -46.7%
Profit (loss) for the period before taxes 9903 €4,526 €8,141 +€3,615 +79.9%
Income taxes 67/77 €1,513 €2,650 +€1,137 +75.2%
Profit (loss) for the period 9904 €3,013 €5,491 +€2,478 +82.2%
Profit (loss) for the period to be appropriated 9905 €3,013 €5,491 +€2,478 +82.2%

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 18 October 2026 via checked.be.