MIRZAL: 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.
MIRZAL
Largest movements
- Tangible fixed assets -€34,739
down €34,739 (-37.1%), from €93,651 to €58,911
of which Furniture and vehicles: -€26,285
- Cash -€26,439
down €26,439 (-28.0%), from €94,509 to €68,070
mainly Net result for the year (-€46,548) and Debts after one year (-€22,392)
- Receivables within one year +€7,846
up €7,846 (+19.2%), from €40,909 to €48,754
of which Other amounts receivable: +€9,270
- Deferred charges and accrued income +€2,920
new in 2025: €2,920
- Profit (loss) carried forward -€46,548
down €46,548, from €22,601 to -€23,947
- Provisions +€35,968
new in 2025: €35,968
- Debts after one year -€22,392
down €22,392 (-75.0%), from €29,861 to €7,468
- Trade debts -€14,321
down €14,321 (-94.1%), from €15,223 to €902
- Turnover -€509,381
no longer reported in 2025 (was €509,381)
- Purchases and services -€403,530
no longer reported in 2025 (was €403,530)
- Provisions +€35,968
new in 2025: €35,968
- Staff costs +€35,050
up €35,050 (+86.0%), from €40,770 to €75,820
- Gross operating margin -€7,590
down €7,590 (-7.2%), from €105,851 to €98,261
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 | €231,287 | €180,874 | -€50,413 | -21.8% |
| Fixed assets | 21/28 | €94,201 | €59,461 | -€34,739 | -36.9% |
| Tangible fixed assets | 22/27 | €93,651 | €58,911 | -€34,739 | -37.1% |
| Plant, machinery and equipment | 23 | €13,916 | €11,487 | -€2,429 | -17.5% |
| Furniture and vehicles | 24 | €69,368 | €43,084 | -€26,285 | -37.9% |
| Other tangible fixed assets | 26 | €10,366 | €4,341 | -€6,026 | -58.1% |
| Financial fixed assets | 28 | €550 | €550 | = | 0.0% |
| Current assets | 29/58 | €137,087 | €121,413 | -€15,673 | -11.4% |
| Stocks and contracts in progress | 3 | €1,669 | €1,669 | = | 0.0% |
| Stocks | 30/36 | €1,669 | €1,669 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €40,909 | €48,754 | +€7,846 | +19.2% |
| Trade receivables | 40 | €8,302 | €6,878 | -€1,424 | -17.2% |
| Other amounts receivable | 41 | €32,607 | €41,876 | +€9,270 | +28.4% |
| Cash at bank and in hand | 54/58 | €94,509 | €68,070 | -€26,439 | -28.0% |
| Deferred charges and accrued income | 490/1 | - | €2,920 | +€2,920 | |
| Total equity and liabilities | 10/49 | €231,287 | €180,874 | -€50,413 | -21.8% |
| Equity | 10/15 | €157,393 | €110,845 | -€46,548 | -29.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Contributions outside capital | 11 | €18,600 | €18,600 | = | 0.0% |
| Other | 1109/19 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €116,192 | €116,192 | = | 0.0% |
| 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 | €114,332 | €114,332 | = | 0.0% |
| Profit (loss) carried forward | 14 | €22,601 | -€23,947 | -€46,548 | |
| Provisions and deferred taxes | 16 | - | €35,968 | +€35,968 | |
| Provisions for liabilities and charges | 160/5 | - | €35,968 | +€35,968 | |
| Other liabilities and charges | 164/5 | - | €35,968 | +€35,968 | |
| Amounts payable | 17/49 | €73,894 | €34,061 | -€39,833 | -53.9% |
| Amounts payable after more than one year | 17 | €29,861 | €7,468 | -€22,392 | -75.0% |
| Financial debts | 170/4 | €29,861 | €7,468 | -€22,392 | -75.0% |
| Amounts payable within one year | 42/48 | €44,034 | €26,593 | -€17,441 | -39.6% |
| Current portion of amounts payable after more than one year | 42 | €24,863 | €23,831 | -€1,032 | -4.2% |
| Trade debts | 44 | €15,223 | €902 | -€14,321 | -94.1% |
| Suppliers | 440/4 | €15,223 | €902 | -€14,321 | -94.1% |
| Taxes, remuneration and social security | 45 | €3,947 | €1,860 | -€2,087 | -52.9% |
| Remuneration and social security | 454/9 | €3,947 | €1,860 | -€2,087 | -52.9% |
| Turnover | 70 | €509,381 | - | -€509,381 | |
| Goods, raw materials, services and sundry goods | 60/61 | €403,530 | - | -€403,530 | |
| Remuneration, social security and pensions | 62 | €40,770 | €75,820 | +€35,050 | +86.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €38,660 | €31,261 | -€7,399 | -19.1% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | - | €35,968 | +€35,968 | |
| Other operating charges | 640/8 | €6,211 | €2,477 | -€3,734 | -60.1% |
| Gross operating margin | 9900 | €105,851 | €98,261 | -€7,590 | -7.2% |
| Operating profit (loss) | 9901 | €20,209 | -€47,266 | -€67,475 | |
| Financial income | 75/76B | €3 | €2,522 | +€2,519 | +93,638% |
| Recurring financial income | 75 | €3 | €0 | -€3 | -95.5% |
| Non-recurring financial income | 76B | - | €2,521 | +€2,521 | |
| Financial charges | 65/66B | €4,641 | €1,804 | -€2,837 | -61.1% |
| Recurring financial charges | 65 | €4,641 | €1,804 | -€2,837 | -61.1% |
| Profit (loss) for the period before taxes | 9903 | €15,571 | -€46,548 | -€62,119 | |
| Income taxes | 67/77 | €5,571 | - | -€5,571 | |
| Profit (loss) for the period | 9904 | €10,000 | -€46,548 | -€56,548 | |
| Profit (loss) for the period to be appropriated | 9905 | €10,000 | -€46,548 | -€56,548 |
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 18 October 2026 via checked.be.