MIROSTIEN: 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.
MIROSTIEN
Largest movements
- Tangible fixed assets +€151,225
up €151,225 (+31.9%), from €473,751 to €624,977
of which Land and buildings: +€164,009
- Receivables within one year +€27,471
up €27,471 (+135%), from €20,313 to €47,784
of which Trade receivables: +€37,177
- Stocks and contracts -€19,314
down €19,314 (-20.3%), from €95,037 to €75,723
- Intangible fixed assets -€17,500
down €17,500 (-29.8%), from €58,637 to €41,137
- Short-term financial debts +€48,768
new in 2025: €48,768
- Profit (loss) carried forward -€36,398
down €36,398 (-51.5%), from -€70,672 to -€107,070
- Debts after one year +€30,968
up €30,968 (+7.2%), from €430,407 to €461,375
- Other debts +€26,776
new in 2025: €26,776
- Trade debts +€22,236
up €22,236 (+28.6%), from €77,707 to €99,943
- Gross operating margin +€29,937
up €29,937 (+20.2%), from €148,509 to €178,446
- Depreciation +€9,754
up €9,754 (+21.2%), from €45,939 to €55,693
- Financial charges +€4,826
up €4,826 (+18.3%), from €26,314 to €31,140
- Staff costs +€2,125
up €2,125 (+1.8%), from €120,751 to €122,876
- Other operating charges +€2,048
up €2,048 (+62.8%), from €3,261 to €5,309
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 | €654,096 | €801,193 | +€147,097 | +22.5% |
| Fixed assets | 21/28 | €532,738 | €666,464 | +€133,725 | +25.1% |
| Intangible fixed assets | 21 | €58,637 | €41,137 | -€17,500 | -29.8% |
| Tangible fixed assets | 22/27 | €473,751 | €624,977 | +€151,225 | +31.9% |
| Land and buildings | 22 | €404,149 | €568,157 | +€164,009 | +40.6% |
| Plant, machinery and equipment | 23 | €46,056 | €45,447 | -€609 | -1.3% |
| Furniture and vehicles | 24 | €8,132 | €2,372 | -€5,760 | -70.8% |
| Leasing and similar rights | 25 | €4,641 | €2,441 | -€2,200 | -47.4% |
| Other tangible fixed assets | 26 | €10,774 | €6,560 | -€4,214 | -39.1% |
| Financial fixed assets | 28 | €350 | €350 | = | 0.0% |
| Current assets | 29/58 | €121,357 | €134,729 | +€13,372 | +11.0% |
| Stocks and contracts in progress | 3 | €95,037 | €75,723 | -€19,314 | -20.3% |
| Stocks | 30/36 | €95,037 | €75,723 | -€19,314 | -20.3% |
| Amounts receivable within one year | 40/41 | €20,313 | €47,784 | +€27,471 | +135% |
| Trade receivables | 40 | €9,304 | €46,481 | +€37,177 | +400% |
| Other amounts receivable | 41 | €11,009 | €1,303 | -€9,706 | -88.2% |
| Cash at bank and in hand | 54/58 | €6,007 | €9,486 | +€3,479 | +57.9% |
| Deferred charges and accrued income | 490/1 | - | €1,736 | +€1,736 | |
| Total equity and liabilities | 10/49 | €654,096 | €801,193 | +€147,097 | +22.5% |
| Equity | 10/15 | €51,830 | €15,432 | -€36,398 | -70.2% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €103,951 | €103,951 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,855 | €1,855 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,855 | €1,855 | = | 0.0% |
| Distributable reserves | 133 | €102,096 | €102,096 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€70,672 | -€107,070 | -€36,398 | -51.5% |
| Amounts payable | 17/49 | €602,266 | €785,761 | +€183,496 | +30.5% |
| Amounts payable after more than one year | 17 | €430,407 | €461,375 | +€30,968 | +7.2% |
| Financial debts | 170/4 | €430,407 | €461,375 | +€30,968 | +7.2% |
| Amounts payable within one year | 42/48 | €170,108 | €304,083 | +€133,975 | +78.8% |
| Current portion of amounts payable after more than one year | 42 | €63,231 | €78,245 | +€15,013 | +23.7% |
| Financial debts | 43 | - | €48,768 | +€48,768 | |
| Credit institutions | 430/8 | - | €48,768 | +€48,768 | |
| Trade debts | 44 | €77,707 | €99,943 | +€22,236 | +28.6% |
| Suppliers | 440/4 | €77,707 | €99,943 | +€22,236 | +28.6% |
| Taxes, remuneration and social security | 45 | €29,171 | €50,352 | +€21,181 | +72.6% |
| Taxes | 450/3 | €13,109 | €28,741 | +€15,631 | +119% |
| Remuneration and social security | 454/9 | €16,061 | €21,611 | +€5,550 | +34.6% |
| Other amounts payable | 47/48 | - | €26,776 | +€26,776 | |
| Accrued charges and deferred income | 492/3 | €1,750 | €20,303 | +€18,553 | +1,060% |
| Non-recurring operating income | 76A | - | €1,223 | +€1,223 | |
| Remuneration, social security and pensions | 62 | €120,751 | €122,876 | +€2,125 | +1.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €45,939 | €55,693 | +€9,754 | +21.2% |
| Other operating charges | 640/8 | €3,261 | €5,309 | +€2,048 | +62.8% |
| Gross operating margin | 9900 | €148,509 | €178,446 | +€29,937 | +20.2% |
| Operating profit (loss) | 9901 | -€21,442 | -€5,432 | +€16,010 | +74.7% |
| Financial income | 75/76B | €0 | €174 | +€174 | +290,183% |
| Recurring financial income | 75 | €0 | €174 | +€174 | +290,183% |
| Financial charges | 65/66B | €26,314 | €31,140 | +€4,826 | +18.3% |
| Recurring financial charges | 65 | €26,314 | €31,140 | +€4,826 | +18.3% |
| Profit (loss) for the period before taxes | 9903 | -€47,756 | -€36,398 | +€11,358 | +23.8% |
| Profit (loss) for the period | 9904 | -€47,756 | -€36,398 | +€11,358 | +23.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€47,756 | -€36,398 | +€11,358 | +23.8% |
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 31 October 2026 via checked.be.