MIRSO: 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.
MIRSO
Largest movements
- Current investments -€104,559
down €104,559 (-92.7%), from €112,761 to €8,202
- Tangible fixed assets +€46,400
up €46,400 (+292.7%), from €15,852 to €62,252
- Receivables within one year +€2,316
up €2,316 (+14.3%), from €16,241 to €18,557
- Profit (loss) carried forward -€52,929
down €52,929 (-59.2%), from €89,403 to €36,474
- Other debts -€3,426
down €3,426 (-13.9%), from €24,639 to €21,213
- Tax, wage and social debts -€1,493
down €1,493 (-13.3%), from €11,253 to €9,760
- Gross operating margin +€13,121
up €13,121 (+27.2%), from €48,233 to €61,354
- Depreciation +€8,877
up €8,877 (+198.7%), from €4,467 to €13,344
- Taxes -€6,159
down €6,159 (-35.9%), from €17,166 to €11,007
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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €145,757 | €89,343 | -€56,414 | -38.7% |
| Fixed assets | 21/28 | €16,755 | €62,584 | +€45,829 | +273.5% |
| Intangible fixed assets | 21 | €903 | €332 | -€571 | -63.2% |
| Tangible fixed assets | 22/27 | €15,852 | €62,252 | +€46,400 | +292.7% |
| Furniture and vehicles | 24 | €15,852 | €62,252 | +€46,400 | +292.7% |
| Current assets | 29/58 | €129,002 | €26,759 | -€102,243 | -79.3% |
| Amounts receivable within one year | 40/41 | €16,241 | €18,557 | +€2,316 | +14.3% |
| Trade receivables | 40 | €16,241 | €18,557 | +€2,316 | +14.3% |
| Current investments | 50/53 | €112,761 | €8,202 | -€104,559 | -92.7% |
| Total equity and liabilities | 10/49 | €145,757 | €89,343 | -€56,414 | -38.7% |
| Equity | 10/15 | €109,863 | €56,934 | -€52,929 | -48.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Capital | 10 | €18,600 | €18,600 | = | 0.0% |
| Issued capital | 100 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Legal reserve | 130 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €89,403 | €36,474 | -€52,929 | -59.2% |
| Amounts payable | 17/49 | €35,894 | €32,409 | -€3,485 | -9.7% |
| Amounts payable within one year | 42/48 | €35,894 | €32,409 | -€3,485 | -9.7% |
| Trade debts | 44 | €2 | €1,436 | +€1,434 | +71700.0% |
| Suppliers | 440/4 | €2 | €1,436 | +€1,434 | +71700.0% |
| Taxes, remuneration and social security | 45 | €11,253 | €9,760 | -€1,493 | -13.3% |
| Taxes | 450/3 | €11,253 | €9,760 | -€1,493 | -13.3% |
| Other amounts payable | 47/48 | €24,639 | €21,213 | -€3,426 | -13.9% |
| Non-recurring operating income | 76A | - | €5,000 | +€5,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,467 | €13,344 | +€8,877 | +198.7% |
| Other operating charges | 640/8 | €841 | €589 | -€252 | -30.0% |
| Gross operating margin | 9900 | €48,233 | €61,354 | +€13,121 | +27.2% |
| Operating profit (loss) | 9901 | €42,925 | €47,421 | +€4,496 | +10.5% |
| Financial charges | 65/66B | €346 | €343 | -€3 | -0.9% |
| Recurring financial charges | 65 | €346 | €343 | -€3 | -0.9% |
| Non-recurring financial charges | 66B | €346 | €343 | -€3 | -0.9% |
| Profit (loss) for the period before taxes | 9903 | €42,579 | €47,078 | +€4,499 | +10.6% |
| Income taxes | 67/77 | €17,166 | €11,007 | -€6,159 | -35.9% |
| Profit (loss) for the period | 9904 | €25,413 | €36,071 | +€10,658 | +41.9% |
| Profit (loss) for the period to be appropriated | 9905 | €25,413 | €36,071 | +€10,658 | +41.9% |
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 9 October 2026 via checked.be.