MIROTO: 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.
MIROTO
Largest movements
- Cash -€76,056
down €76,056 (-90.3%), from €84,230 to €8,174
mainly Investment in fixed assets (net) (-€137,613) and Trade debts (-€110,071)
- Deferred charges and accrued income +€33,512
up €33,512 (+134.2%), from €24,980 to €58,492
- Receivables within one year +€24,347
up €24,347 (+122.5%), from €19,869 to €44,216
- Intangible fixed assets +€12,958
up €12,958 (+12.6%), from €102,949 to €115,907
- Trade debts -€110,071
down €110,071 (-65.4%), from €168,390 to €58,319
- Debts after one year +€74,880
up €74,880 (+12.3%), from €609,774 to €684,654
of which Other amounts payable: +€94,968
- Tax, wage and social debts +€21,468
up €21,468 (+27.6%), from €77,855 to €99,323
of which Remuneration and social security: +€18,124
- Staff costs +€205,970
up €205,970 (+29.8%), from €692,199 to €898,169
- Gross operating margin +€197,368
up €197,368 (+23.2%), from €850,382 to €1.0m
- Depreciation +€35,619
up €35,619 (+40.4%), from €88,188 to €123,807
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 | €1,006,303 | €999,681 | -€6,622 | -0.7% |
| Fixed assets | 21/28 | €839,871 | €853,677 | +€13,806 | +1.6% |
| Intangible fixed assets | 21 | €102,949 | €115,907 | +€12,958 | +12.6% |
| Tangible fixed assets | 22/27 | €728,378 | €729,227 | +€848 | +0.1% |
| Plant, machinery and equipment | 23 | €124,641 | €115,198 | -€9,444 | -7.6% |
| Furniture and vehicles | 24 | €41,118 | €54,539 | +€13,421 | +32.6% |
| Leasing and similar rights | 25 | €37,630 | €33,437 | -€4,193 | -11.1% |
| Other tangible fixed assets | 26 | €524,989 | €526,053 | +€1,064 | +0.2% |
| Financial fixed assets | 28 | €8,543 | €8,543 | = | 0.0% |
| Current assets | 29/58 | €166,432 | €146,004 | -€20,428 | -12.3% |
| Stocks and contracts in progress | 3 | €37,352 | €35,121 | -€2,231 | -6.0% |
| Stocks | 30/36 | €37,352 | €35,121 | -€2,231 | -6.0% |
| Amounts receivable within one year | 40/41 | €19,869 | €44,216 | +€24,347 | +122.5% |
| Trade receivables | 40 | €19,869 | €44,216 | +€24,347 | +122.5% |
| Cash at bank and in hand | 54/58 | €84,230 | €8,174 | -€76,056 | -90.3% |
| Deferred charges and accrued income | 490/1 | €24,980 | €58,492 | +€33,512 | +134.2% |
| Total equity and liabilities | 10/49 | €1,006,303 | €999,681 | -€6,622 | -0.7% |
| Equity | 10/15 | €41,433 | €51,103 | +€9,670 | +23.3% |
| Contributions | 10/11 | €162,058 | €162,058 | = | 0.0% |
| Outside capital | 11 | €162,058 | €162,058 | = | 0.0% |
| Other | 1109/19 | €162,058 | €162,058 | = | 0.0% |
| Reserves | 13 | €20,167 | €20,167 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,735 | €1,735 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,735 | €1,735 | = | 0.0% |
| Tax-exempt reserves | 132 | €17,192 | €17,192 | = | 0.0% |
| Distributable reserves | 133 | €1,239 | €1,239 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€140,792 | -€131,122 | +€9,670 | +6.9% |
| Amounts payable | 17/49 | €964,870 | €948,578 | -€16,292 | -1.7% |
| Amounts payable after more than one year | 17 | €609,774 | €684,654 | +€74,880 | +12.3% |
| Financial debts | 170/4 | €122,845 | €102,756 | -€20,089 | -16.4% |
| Other amounts payable | 178/9 | €486,929 | €581,897 | +€94,968 | +19.5% |
| Amounts payable within one year | 42/48 | €355,096 | €263,924 | -€91,172 | -25.7% |
| Current portion of amounts payable after more than one year | 42 | €24,245 | €20,089 | -€4,157 | -17.1% |
| Financial debts | 43 | €13,523 | €15,110 | +€1,587 | +11.7% |
| Credit institutions | 430/8 | €13,523 | €15,110 | +€1,587 | +11.7% |
| Trade debts | 44 | €168,390 | €58,319 | -€110,071 | -65.4% |
| Suppliers | 440/4 | €168,390 | €58,319 | -€110,071 | -65.4% |
| Taxes, remuneration and social security | 45 | €77,855 | €99,323 | +€21,468 | +27.6% |
| Taxes | 450/3 | €21,077 | €24,421 | +€3,344 | +15.9% |
| Remuneration and social security | 454/9 | €56,778 | €74,903 | +€18,124 | +31.9% |
| Other amounts payable | 47/48 | €71,082 | €71,082 | = | 0.0% |
| Remuneration, social security and pensions | 62 | €692,199 | €898,169 | +€205,970 | +29.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €88,188 | €123,807 | +€35,619 | +40.4% |
| Other operating charges | 640/8 | €1,038 | €5,234 | +€4,195 | +404.1% |
| Gross operating margin | 9900 | €850,382 | €1,047,750 | +€197,368 | +23.2% |
| Operating profit (loss) | 9901 | €68,956 | €20,540 | -€48,416 | -70.2% |
| Financial income | 75/76B | €53 | €23 | -€30 | -56.4% |
| Recurring financial income | 75 | €53 | €23 | -€30 | -56.4% |
| Financial charges | 65/66B | €3,613 | €8,259 | +€4,647 | +128.6% |
| Recurring financial charges | 65 | €3,613 | €8,259 | +€4,647 | +128.6% |
| Profit (loss) for the period before taxes | 9903 | €65,397 | €12,304 | -€53,093 | -81.2% |
| Income taxes | 67/77 | €5,058 | €2,634 | -€2,424 | -47.9% |
| Profit (loss) for the period | 9904 | €60,339 | €9,670 | -€50,669 | -84.0% |
| Profit (loss) for the period to be appropriated | 9905 | €60,339 | €9,670 | -€50,669 | -84.0% |
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 8 October 2026 via checked.be.