THE MIRAL: 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.
THE MIRAL
Largest movements
- Tangible fixed assets -€15,353
down €15,353 (-2.7%), from €561,980 to €546,626
- Debts after one year -€25,520
down €25,520 (-6.6%), from €387,435 to €361,915
- Current portion of long-term debt +€20,878
up €20,878 (+83.2%), from €25,081 to €45,958
- Other debts -€15,000
down €15,000 (-17.8%), from €84,294 to €69,294
- Financial charges +€16,044
up €16,044 (+186%), from €8,605 to €24,649
- Taxes -€3,654
down €3,654 (-77.1%), from €4,738 to €1,085
- Gross operating margin -€3,225
down €3,225 (-6.4%), from €50,565 to €47,340
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 | €564,803 | €550,727 | -€14,076 | -2.5% |
| Fixed assets | 21/28 | €561,980 | €546,626 | -€15,353 | -2.7% |
| Tangible fixed assets | 22/27 | €561,980 | €546,626 | -€15,353 | -2.7% |
| Land and buildings | 22 | €561,980 | €546,626 | -€15,353 | -2.7% |
| Current assets | 29/58 | €2,823 | €4,101 | +€1,278 | +45.3% |
| Amounts receivable within one year | 40/41 | - | €3,915 | +€3,915 | |
| Other amounts receivable | 41 | - | €3,915 | +€3,915 | |
| Cash at bank and in hand | 54/58 | €2,666 | €29 | -€2,638 | -98.9% |
| Deferred charges and accrued income | 490/1 | €157 | €157 | = | 0.0% |
| Total equity and liabilities | 10/49 | €564,803 | €550,727 | -€14,076 | -2.5% |
| Equity | 10/15 | €62,181 | €65,436 | +€3,255 | +5.2% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €37,181 | €40,436 | +€3,255 | +8.8% |
| Amounts payable | 17/49 | €502,622 | €485,291 | -€17,330 | -3.4% |
| Amounts payable after more than one year | 17 | €387,435 | €361,915 | -€25,520 | -6.6% |
| Financial debts | 170/4 | €387,435 | €361,915 | -€25,520 | -6.6% |
| Amounts payable within one year | 42/48 | €115,187 | €123,376 | +€8,189 | +7.1% |
| Current portion of amounts payable after more than one year | 42 | €25,081 | €45,958 | +€20,878 | +83.2% |
| Trade debts | 44 | €1,074 | €3,386 | +€2,311 | +215% |
| Suppliers | 440/4 | €1,074 | €3,386 | +€2,311 | +215% |
| Taxes, remuneration and social security | 45 | €4,738 | €4,738 | = | 0.0% |
| Taxes | 450/3 | €4,738 | €4,738 | = | 0.0% |
| Other amounts payable | 47/48 | €84,294 | €69,294 | -€15,000 | -17.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,353 | €15,353 | = | 0.0% |
| Other operating charges | 640/8 | €2,915 | €2,999 | +€84 | +2.9% |
| Gross operating margin | 9900 | €50,565 | €47,340 | -€3,225 | -6.4% |
| Operating profit (loss) | 9901 | €32,297 | €28,988 | -€3,309 | -10.2% |
| Financial charges | 65/66B | €8,605 | €24,649 | +€16,044 | +186% |
| Recurring financial charges | 65 | €8,605 | €24,649 | +€16,044 | +186% |
| Profit (loss) for the period before taxes | 9903 | €23,692 | €4,339 | -€19,352 | -81.7% |
| Income taxes | 67/77 | €4,738 | €1,085 | -€3,654 | -77.1% |
| Profit (loss) for the period | 9904 | €18,953 | €3,255 | -€15,699 | -82.8% |
| Profit (loss) for the period to be appropriated | 9905 | €18,953 | €3,255 | -€15,699 | -82.8% |
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 17 October 2026 via checked.be.