Mirwaton: 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.
Mirwaton
Largest movements
- Cash +€178,894
up €178,894 (+219.6%), from €81,469 to €260,364
mainly Current investments (+€148,529) and Net result for the year (+€84,964)
- Current investments -€148,529
down €148,529 (-49.5%), from €300,000 to €151,471
- Tangible fixed assets -€16,937
down €16,937 (-19.1%), from €88,698 to €71,761
of which Furniture and vehicles: -€18,714
- Receivables within one year +€5,549
up €5,549 (+19.7%), from €28,193 to €33,742
- Reserves +€84,964
up €84,964 (+22.5%), from €376,921 to €461,884
- Tax, wage and social debts -€41,064
down €41,064 (-82.2%), from €49,960 to €8,895
of which Taxes: -€38,249
- Debts after one year -€25,840
down €25,840 (-66.0%), from €39,159 to €13,320
- Depreciation +€8,503
up €8,503 (+68.7%), from €12,374 to €20,876
- Gross operating margin +€6,578
up €6,578 (+4.7%), from €139,122 to €145,701
- Financial charges +€4,061
up €4,061 (+224.6%), from €1,808 to €5,869
- Financial income -€3,773
down €3,773 (-39.7%), from €9,496 to €5,723
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 | €499,444 | €518,499 | +€19,055 | +3.8% |
| Fixed assets | 21/28 | €88,698 | €71,761 | -€16,937 | -19.1% |
| Tangible fixed assets | 22/27 | €88,698 | €71,761 | -€16,937 | -19.1% |
| Land and buildings | 22 | €6,415 | €5,330 | -€1,086 | -16.9% |
| Plant, machinery and equipment | 23 | €1,025 | €3,888 | +€2,863 | +279.2% |
| Furniture and vehicles | 24 | €81,258 | €62,544 | -€18,714 | -23.0% |
| Current assets | 29/58 | €410,746 | €446,738 | +€35,992 | +8.8% |
| Amounts receivable within one year | 40/41 | €28,193 | €33,742 | +€5,549 | +19.7% |
| Trade receivables | 40 | €28,193 | €33,742 | +€5,549 | +19.7% |
| Current investments | 50/53 | €300,000 | €151,471 | -€148,529 | -49.5% |
| Cash at bank and in hand | 54/58 | €81,469 | €260,364 | +€178,894 | +219.6% |
| Deferred charges and accrued income | 490/1 | €1,084 | €1,161 | +€77 | +7.1% |
| Total equity and liabilities | 10/49 | €499,444 | €518,499 | +€19,055 | +3.8% |
| Equity | 10/15 | €381,921 | €466,884 | +€84,964 | +22.2% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €376,921 | €461,884 | +€84,964 | +22.5% |
| Distributable reserves | 133 | €376,921 | €461,884 | +€84,964 | +22.5% |
| Amounts payable | 17/49 | €117,523 | €51,615 | -€65,908 | -56.1% |
| Amounts payable after more than one year | 17 | €39,159 | €13,320 | -€25,840 | -66.0% |
| Financial debts | 170/4 | €39,159 | €13,320 | -€25,840 | -66.0% |
| Amounts payable within one year | 42/48 | €78,364 | €38,296 | -€40,068 | -51.1% |
| Current portion of amounts payable after more than one year | 42 | €24,809 | €25,840 | +€1,030 | +4.2% |
| Trade debts | 44 | €3,035 | €2,661 | -€374 | -12.3% |
| Suppliers | 440/4 | €3,035 | €2,661 | -€374 | -12.3% |
| Taxes, remuneration and social security | 45 | €49,960 | €8,895 | -€41,064 | -82.2% |
| Taxes | 450/3 | €47,144 | €8,895 | -€38,249 | -81.1% |
| Remuneration and social security | 454/9 | €2,816 | €0 | -€2,816 | -100.0% |
| Other amounts payable | 47/48 | €560 | €900 | +€340 | +60.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,374 | €20,876 | +€8,503 | +68.7% |
| Other operating charges | 640/8 | €736 | €854 | +€117 | +15.9% |
| Non-recurring operating charges | 66A | €1,282 | €0 | -€1,282 | -100.0% |
| Gross operating margin | 9900 | €139,122 | €145,701 | +€6,578 | +4.7% |
| Operating profit (loss) | 9901 | €124,731 | €123,971 | -€760 | -0.6% |
| Financial income | 75/76B | €9,496 | €5,723 | -€3,773 | -39.7% |
| Recurring financial income | 75 | €9,496 | €5,723 | -€3,773 | -39.7% |
| Financial charges | 65/66B | €1,808 | €5,869 | +€4,061 | +224.6% |
| Recurring financial charges | 65 | €1,808 | €5,869 | +€4,061 | +224.6% |
| Profit (loss) for the period before taxes | 9903 | €132,418 | €123,825 | -€8,594 | -6.5% |
| Income taxes | 67/77 | €38,967 | €38,861 | -€106 | -0.3% |
| Profit (loss) for the period | 9904 | €93,451 | €84,964 | -€8,488 | -9.1% |
| Profit (loss) for the period to be appropriated | 9905 | €93,451 | €84,964 | -€8,488 | -9.1% |
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 10 October 2026 via checked.be.