Miroso: 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.
Miroso
Largest movements
- Tangible fixed assets -€34,643
down €34,643 (-18.5%), from €187,058 to €152,415
of which Assets under construction and advance payments: -€21,370
- Cash -€5,425
down €5,425 (-26.1%), from €20,761 to €15,336
mainly Contributions, distributions and other (-€32,695) and Trade debts (-€19,295)
- Stocks and contracts -€2,516
down €2,516 (-13.0%), from €19,383 to €16,867
- Reserves -€41,757
no longer reported in 2025 (was €41,757)
- Other debts +€25,063
up €25,063 (+295%), from €8,495 to €33,558
- Trade debts -€19,295
down €19,295 (-15.4%), from €125,596 to €106,301
- Debts after one year -€3,430
down €3,430 (-69.8%), from €4,911 to €1,481
- Gross operating margin -€19,997
down €19,997 (-7.8%), from €257,981 to €237,984
- Staff costs -€19,754
down €19,754 (-8.4%), from €235,703 to €215,949
- Other operating charges +€5,028
up €5,028 (+137%), from €3,661 to €8,689
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 | €234,696 | €196,272 | -€38,424 | -16.4% |
| Fixed assets | 21/28 | €188,108 | €153,465 | -€34,643 | -18.4% |
| Tangible fixed assets | 22/27 | €187,058 | €152,415 | -€34,643 | -18.5% |
| Plant, machinery and equipment | 23 | €78,377 | €63,733 | -€14,644 | -18.7% |
| Furniture and vehicles | 24 | €3,528 | €4,899 | +€1,371 | +38.9% |
| Assets under construction and advance payments | 27 | €105,153 | €83,783 | -€21,370 | -20.3% |
| Financial fixed assets | 28 | €1,050 | €1,050 | = | 0.0% |
| Current assets | 29/58 | €46,588 | €42,807 | -€3,781 | -8.1% |
| Stocks and contracts in progress | 3 | €19,383 | €16,867 | -€2,516 | -13.0% |
| Stocks | 30/36 | €19,383 | €16,867 | -€2,516 | -13.0% |
| Amounts receivable within one year | 40/41 | €6,169 | €8,419 | +€2,250 | +36.5% |
| Trade receivables | 40 | €6 | €3,932 | +€3,927 | +71,399% |
| Other amounts receivable | 41 | €6,163 | €4,486 | -€1,677 | -27.2% |
| Cash at bank and in hand | 54/58 | €20,761 | €15,336 | -€5,425 | -26.1% |
| Deferred charges and accrued income | 490/1 | €276 | €2,185 | +€1,909 | +692% |
| Total equity and liabilities | 10/49 | €234,696 | €196,272 | -€38,424 | -16.4% |
| Equity | 10/15 | €62,887 | €21,130 | -€41,757 | -66.4% |
| Contributions | 10/11 | €21,130 | €21,130 | = | 0.0% |
| Reserves | 13 | €41,757 | - | -€41,757 | |
| Distributable reserves | 133 | €41,757 | - | -€41,757 | |
| Amounts payable | 17/49 | €171,809 | €175,142 | +€3,333 | +1.9% |
| Amounts payable after more than one year | 17 | €4,911 | €1,481 | -€3,430 | -69.8% |
| Financial debts | 170/4 | €4,911 | €1,481 | -€3,430 | -69.8% |
| Amounts payable within one year | 42/48 | €166,898 | €173,661 | +€6,763 | +4.1% |
| Current portion of amounts payable after more than one year | 42 | €7,443 | €8,430 | +€987 | +13.3% |
| Financial debts | 43 | €2,402 | €3,134 | +€732 | +30.5% |
| Credit institutions | 430/8 | €2,402 | €3,134 | +€732 | +30.5% |
| Trade debts | 44 | €125,596 | €106,301 | -€19,295 | -15.4% |
| Suppliers | 440/4 | €125,596 | €106,301 | -€19,295 | -15.4% |
| Taxes, remuneration and social security | 45 | €22,963 | €22,238 | -€724 | -3.2% |
| Taxes | 450/3 | €6,909 | €9,899 | +€2,990 | +43.3% |
| Remuneration and social security | 454/9 | €16,053 | €12,339 | -€3,714 | -23.1% |
| Other amounts payable | 47/48 | €8,495 | €33,558 | +€25,063 | +295% |
| Non-recurring operating income | 76A | €4,990 | €2,493 | -€2,497 | -50.0% |
| Remuneration, social security and pensions | 62 | €235,703 | €215,949 | -€19,754 | -8.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,941 | €18,802 | -€1,140 | -5.7% |
| Other operating charges | 640/8 | €3,661 | €8,689 | +€5,028 | +137% |
| Gross operating margin | 9900 | €257,981 | €237,984 | -€19,997 | -7.8% |
| Operating profit (loss) | 9901 | -€1,324 | -€5,455 | -€4,131 | -312% |
| Financial income | 75/76B | - | €518 | +€518 | |
| Recurring financial income | 75 | - | €518 | +€518 | |
| Financial charges | 65/66B | €3,686 | €2,715 | -€971 | -26.3% |
| Recurring financial charges | 65 | €3,686 | €2,715 | -€971 | -26.3% |
| Profit (loss) for the period before taxes | 9903 | -€5,010 | -€7,652 | -€2,642 | -52.7% |
| Income taxes | 67/77 | €784 | €1,410 | +€626 | +79.8% |
| Profit (loss) for the period | 9904 | -€5,794 | -€9,062 | -€3,268 | -56.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€5,794 | -€9,062 | -€3,268 | -56.4% |
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 17 October 2026 via checked.be.