MIROVIA: 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.
MIROVIA
Largest movements
- Receivables within one year +€143,928
up €143,928 (+233%), from €61,826 to €205,755
of which Trade receivables: +€151,250
- Cash -€34,064
down €34,064 (-8.9%), from €383,827 to €349,764
mainly Receivables within one year (-€143,928) and Contributions, distributions and other (-€55,800)
- Tangible fixed assets -€12,099
down €12,099 (-6.1%), from €197,674 to €185,575
of which Land and buildings: -€11,115
- Reserves +€55,545
up €55,545 (+10.1%), from €547,354 to €602,899
of which Distributable reserves: +€55,545
- Other debts +€49,784
up €49,784 (+204%), from €24,386 to €74,170
- Tax, wage and social debts -€7,883
down €7,883 (-36.2%), from €21,792 to €13,909
- Gross operating margin -€64,656
down €64,656 (-26.0%), from €248,516 to €183,860
- Taxes -€13,470
down €13,470 (-18.6%), from €72,341 to €58,871
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 | €646,961 | €743,875 | +€96,914 | +15.0% |
| Fixed assets | 21/28 | €197,674 | €185,575 | -€12,099 | -6.1% |
| Tangible fixed assets | 22/27 | €197,674 | €185,575 | -€12,099 | -6.1% |
| Land and buildings | 22 | €195,704 | €184,589 | -€11,115 | -5.7% |
| Plant, machinery and equipment | 23 | €1,222 | €515 | -€707 | -57.8% |
| Furniture and vehicles | 24 | €748 | €471 | -€278 | -37.1% |
| Current assets | 29/58 | €449,287 | €558,300 | +€109,013 | +24.3% |
| Amounts receivable within one year | 40/41 | €61,826 | €205,755 | +€143,928 | +233% |
| Trade receivables | 40 | €13,107 | €164,357 | +€151,250 | +1,154% |
| Other amounts receivable | 41 | €48,719 | €41,398 | -€7,322 | -15.0% |
| Cash at bank and in hand | 54/58 | €383,827 | €349,764 | -€34,064 | -8.9% |
| Deferred charges and accrued income | 490/1 | €3,633 | €2,782 | -€851 | -23.4% |
| Total equity and liabilities | 10/49 | €646,961 | €743,875 | +€96,914 | +15.0% |
| Equity | 10/15 | €593,060 | €648,605 | +€55,545 | +9.4% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €547,354 | €602,899 | +€55,545 | +10.1% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €545,494 | €601,039 | +€55,545 | +10.2% |
| Profit (loss) carried forward | 14 | €33,306 | €33,306 | = | 0.0% |
| Amounts payable | 17/49 | €53,901 | €95,270 | +€41,369 | +76.8% |
| Amounts payable within one year | 42/48 | €46,636 | €88,660 | +€42,024 | +90.1% |
| Trade debts | 44 | €458 | €580 | +€122 | +26.6% |
| Suppliers | 440/4 | €458 | €580 | +€122 | +26.6% |
| Taxes, remuneration and social security | 45 | €21,792 | €13,909 | -€7,883 | -36.2% |
| Taxes | 450/3 | €21,792 | €13,909 | -€7,883 | -36.2% |
| Other amounts payable | 47/48 | €24,386 | €74,170 | +€49,784 | +204% |
| Accrued charges and deferred income | 492/3 | €7,265 | €6,611 | -€654 | -9.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,844 | €12,099 | +€255 | +2.2% |
| Other operating charges | 640/8 | €1,380 | €1,921 | +€542 | +39.2% |
| Gross operating margin | 9900 | €248,516 | €183,860 | -€64,656 | -26.0% |
| Operating profit (loss) | 9901 | €235,292 | €169,840 | -€65,452 | -27.8% |
| Financial income | 75/76B | €1,372 | €771 | -€601 | -43.8% |
| Recurring financial income | 75 | €1,372 | €771 | -€601 | -43.8% |
| Financial charges | 65/66B | €402 | €395 | -€7 | -1.7% |
| Recurring financial charges | 65 | €402 | €395 | -€7 | -1.7% |
| Profit (loss) for the period before taxes | 9903 | €236,262 | €170,215 | -€66,047 | -28.0% |
| Income taxes | 67/77 | €72,341 | €58,871 | -€13,470 | -18.6% |
| Profit (loss) for the period | 9904 | €163,921 | €111,345 | -€52,577 | -32.1% |
| Profit (loss) for the period to be appropriated | 9905 | €163,921 | €111,345 | -€52,577 | -32.1% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 19 October 2026 via checked.be.