MIRTA: 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.
MIRTA
Largest movements
- Current investments +€74,515
up €74,515 (+34.5%), from €215,715 to €290,230
- Cash +€26,321
up €26,321 (+13.0%), from €203,073 to €229,394
mainly Net result for the year (+€156,206) and Other debts (+€59,509)
- Other debts +€59,509
up €59,509 (+92.4%), from €64,400 to €123,909
- Reserves +€32,978
up €32,978 (+4.8%), from €680,280 to €713,259
of which Distributable reserves: +€32,978
- Short-term financial debts +€18,508
new in 2025: €18,508
- Debts after one year -€15,253
down €15,253 (-25.8%), from €59,087 to €43,835
of which Financial debts: -€11,316
- Gross operating margin -€25,420
down €25,420 (-9.9%), from €257,192 to €231,771
- Depreciation -€8,457
down €8,457 (-38.3%), from €22,075 to €13,618
- Financial income +€6,854
up €6,854 (+66.5%), from €10,309 to €17,163
- Taxes -€5,701
down €5,701 (-7.4%), from €77,065 to €71,365
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 | €824,299 | €924,532 | +€100,233 | +12.2% |
| Fixed assets | 21/28 | €400,271 | €400,948 | +€677 | +0.2% |
| Tangible fixed assets | 22/27 | €123,071 | €123,748 | +€677 | +0.6% |
| Land and buildings | 22 | €119,065 | €119,455 | +€391 | +0.3% |
| Plant, machinery and equipment | 23 | €1,061 | €757 | -€305 | -28.7% |
| Furniture and vehicles | 24 | €2,945 | €3,536 | +€591 | +20.1% |
| Financial fixed assets | 28 | €277,200 | €277,200 | = | 0.0% |
| Current assets | 29/58 | €424,028 | €523,584 | +€99,556 | +23.5% |
| Amounts receivable within one year | 40/41 | €2,042 | €2,042 | = | 0.0% |
| Other amounts receivable | 41 | €2,042 | €2,042 | = | 0.0% |
| Current investments | 50/53 | €215,715 | €290,230 | +€74,515 | +34.5% |
| Cash at bank and in hand | 54/58 | €203,073 | €229,394 | +€26,321 | +13.0% |
| Deferred charges and accrued income | 490/1 | €3,197 | €1,917 | -€1,280 | -40.0% |
| Total equity and liabilities | 10/49 | €824,299 | €924,532 | +€100,233 | +12.2% |
| Equity | 10/15 | €680,280 | €713,259 | +€32,978 | +4.8% |
| Reserves | 13 | €680,280 | €713,259 | +€32,978 | +4.8% |
| Non-distributable reserves | 130/1 | €13,005 | €13,005 | = | 0.0% |
| Reserves not available under the articles | 1311 | €13,005 | €13,005 | = | 0.0% |
| Distributable reserves | 133 | €667,275 | €700,253 | +€32,978 | +4.9% |
| Amounts payable | 17/49 | €144,018 | €211,273 | +€67,254 | +46.7% |
| Amounts payable after more than one year | 17 | €59,087 | €43,835 | -€15,253 | -25.8% |
| Financial debts | 170/4 | €30,589 | €19,273 | -€11,316 | -37.0% |
| Other amounts payable | 178/9 | €28,498 | €24,562 | -€3,937 | -13.8% |
| Amounts payable within one year | 42/48 | €84,931 | €167,438 | +€82,507 | +97.1% |
| Current portion of amounts payable after more than one year | 42 | €10,696 | €11,316 | +€620 | +5.8% |
| Financial debts | 43 | - | €18,508 | +€18,508 | |
| Credit institutions | 430/8 | - | €18,508 | +€18,508 | |
| Trade debts | 44 | €4,275 | €1,157 | -€3,118 | -72.9% |
| Suppliers | 440/4 | €4,275 | €1,157 | -€3,118 | -72.9% |
| Taxes, remuneration and social security | 45 | €5,560 | €12,548 | +€6,988 | +126% |
| Taxes | 450/3 | €5,560 | €12,548 | +€6,988 | +126% |
| Other amounts payable | 47/48 | €64,400 | €123,909 | +€59,509 | +92.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,075 | €13,618 | -€8,457 | -38.3% |
| Other operating charges | 640/8 | €3,236 | €2,940 | -€296 | -9.1% |
| Gross operating margin | 9900 | €257,192 | €231,771 | -€25,420 | -9.9% |
| Operating profit (loss) | 9901 | €231,881 | €215,213 | -€16,668 | -7.2% |
| Financial income | 75/76B | €10,309 | €17,163 | +€6,854 | +66.5% |
| Recurring financial income | 75 | €10,309 | €17,163 | +€6,854 | +66.5% |
| Financial charges | 65/66B | €5,664 | €4,806 | -€859 | -15.2% |
| Recurring financial charges | 65 | €5,664 | €4,806 | -€859 | -15.2% |
| Profit (loss) for the period before taxes | 9903 | €236,525 | €227,571 | -€8,954 | -3.8% |
| Income taxes | 67/77 | €77,065 | €71,365 | -€5,701 | -7.4% |
| Profit (loss) for the period | 9904 | €159,460 | €156,206 | -€3,254 | -2.0% |
| Profit (loss) for the period to be appropriated | 9905 | €159,460 | €156,206 | -€3,254 | -2.0% |
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 29 October 2026 via checked.be.