MIROVI: 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.
MIROVI
Largest movements
- Cash -€2,196
down €2,196 (-66.1%), from €3,322 to €1,126
mainly Debts after one year (-€9,972) and Investment in fixed assets (net) (-€3,500)
- Debts after one year -€9,972
down €9,972 (-15.8%), from €63,044 to €53,072
- Advances received +€4,651
up €4,651 (+159%), from €2,934 to €7,585
- Other debts -€2,820
down €2,820 (-10.6%), from €26,593 to €23,773
- Trade debts +€2,634
up €2,634 (+78.7%), from €3,346 to €5,980
- Current portion of long-term debt +€1,888
up €1,888 (+14.2%), from €13,310 to €15,198
- Gross operating margin -€24,381
down €24,381 (-69.3%), from €35,206 to €10,825
- Taxes -€8,484
down €8,484 (-92.0%), from €9,224 to €740
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 | €154,811 | €151,981 | -€2,830 | -1.8% |
| Fixed assets | 21/28 | €133,267 | €131,846 | -€1,421 | -1.1% |
| Tangible fixed assets | 22/27 | €132,827 | €131,406 | -€1,421 | -1.1% |
| Land and buildings | 22 | €129,015 | €128,018 | -€998 | -0.8% |
| Plant, machinery and equipment | 23 | €3,812 | €3,389 | -€424 | -11.1% |
| Financial fixed assets | 28 | €440 | €440 | = | 0.0% |
| Current assets | 29/58 | €21,544 | €20,135 | -€1,408 | -6.5% |
| Amounts receivable within one year | 40/41 | €18,148 | €18,935 | +€787 | +4.3% |
| Trade receivables | 40 | €16,148 | €14,560 | -€1,588 | -9.8% |
| Other amounts receivable | 41 | €2,000 | €4,375 | +€2,375 | +119% |
| Cash at bank and in hand | 54/58 | €3,322 | €1,126 | -€2,196 | -66.1% |
| Deferred charges and accrued income | 490/1 | €74 | €74 | = | 0.0% |
| Total equity and liabilities | 10/49 | €154,811 | €151,981 | -€2,830 | -1.8% |
| Equity | 10/15 | €42,324 | €43,603 | +€1,280 | +3.0% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €23,732 | €25,011 | +€1,280 | +5.4% |
| Distributable reserves | 133 | €23,732 | €25,011 | +€1,280 | +5.4% |
| Amounts payable | 17/49 | €112,487 | €108,378 | -€4,109 | -3.7% |
| Amounts payable after more than one year | 17 | €63,044 | €53,072 | -€9,972 | -15.8% |
| Financial debts | 170/4 | €63,044 | €53,072 | -€9,972 | -15.8% |
| Amounts payable within one year | 42/48 | €49,443 | €55,306 | +€5,863 | +11.9% |
| Current portion of amounts payable after more than one year | 42 | €13,310 | €15,198 | +€1,888 | +14.2% |
| Trade debts | 44 | €3,346 | €5,980 | +€2,634 | +78.7% |
| Suppliers | 440/4 | €3,346 | €5,980 | +€2,634 | +78.7% |
| Advances received on contracts in progress | 46 | €2,934 | €7,585 | +€4,651 | +159% |
| Taxes, remuneration and social security | 45 | €3,260 | €2,769 | -€491 | -15.1% |
| Taxes | 450/3 | €3,260 | €2,769 | -€491 | -15.1% |
| Other amounts payable | 47/48 | €26,593 | €23,773 | -€2,820 | -10.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,580 | €4,921 | +€341 | +7.4% |
| Other operating charges | 640/8 | €1,174 | €1,378 | +€204 | +17.4% |
| Gross operating margin | 9900 | €35,206 | €10,825 | -€24,381 | -69.3% |
| Operating profit (loss) | 9901 | €29,453 | €4,526 | -€24,926 | -84.6% |
| Financial income | 75/76B | - | €1 | +€1 | |
| Recurring financial income | 75 | - | €1 | +€1 | |
| Financial charges | 65/66B | €2,815 | €2,508 | -€307 | -10.9% |
| Recurring financial charges | 65 | €2,815 | €2,508 | -€307 | -10.9% |
| Profit (loss) for the period before taxes | 9903 | €26,638 | €2,020 | -€24,618 | -92.4% |
| Income taxes | 67/77 | €9,224 | €740 | -€8,484 | -92.0% |
| Profit (loss) for the period | 9904 | €17,414 | €1,280 | -€16,135 | -92.7% |
| Profit (loss) for the period to be appropriated | 9905 | €17,414 | €1,280 | -€16,135 | -92.7% |
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 16 October 2026 via checked.be.