UMUT MIRAY: 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.
UMUT MIRAY
Largest movements
- Cash -€158,282
down €158,282 (-64.5%), from €245,214 to €86,932
mainly Contributions, distributions and other (-€188,235) and Receivables within one year (-€6,958)
- Receivables within one year +€6,958
up €6,958 (+261%), from €2,667 to €9,624
of which Trade receivables: +€5,610
- Deferred charges and accrued income -€3,658
down €3,658 (-94.0%), from €3,890 to €233
- Tangible fixed assets -€3,556
down €3,556 (-41.4%), from €8,588 to €5,032
of which Plant, machinery and equipment: -€2,512
- Profit (loss) carried forward -€158,605
down €158,605 (-74.4%), from €213,120 to €54,515
- Tax, wage and social debts -€2,689
down €2,689 (-5.7%), from €47,084 to €44,395
of which Remuneration and social security: -€8,290
- Gross operating margin -€125,221
down €125,221 (-57.8%), from €216,613 to €91,392
- Taxes -€27,371
down €27,371 (-77.1%), from €35,520 to €8,148
- Other operating charges +€3,817
up €3,817 (+144%), from €2,645 to €6,462
- Depreciation -€3,533
down €3,533 (-44.3%), from €7,983 to €4,450
- Staff costs -€3,319
down €3,319 (-7.6%), from €43,412 to €40,093
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 | €262,704 | €103,792 | -€158,912 | -60.5% |
| Fixed assets | 21/28 | €8,588 | €5,032 | -€3,556 | -41.4% |
| Tangible fixed assets | 22/27 | €8,588 | €5,032 | -€3,556 | -41.4% |
| Land and buildings | 22 | €2,771 | €1,727 | -€1,044 | -37.7% |
| Plant, machinery and equipment | 23 | €5,817 | €3,305 | -€2,512 | -43.2% |
| Furniture and vehicles | 24 | €0 | - | = | |
| Current assets | 29/58 | €254,116 | €98,760 | -€155,356 | -61.1% |
| Stocks and contracts in progress | 3 | €2,345 | €1,971 | -€374 | -15.9% |
| Stocks | 30/36 | €2,345 | €1,971 | -€374 | -15.9% |
| Amounts receivable within one year | 40/41 | €2,667 | €9,624 | +€6,958 | +261% |
| Trade receivables | 40 | €625 | €6,234 | +€5,610 | +898% |
| Other amounts receivable | 41 | €2,042 | €3,390 | +€1,348 | +66.0% |
| Cash at bank and in hand | 54/58 | €245,214 | €86,932 | -€158,282 | -64.5% |
| Deferred charges and accrued income | 490/1 | €3,890 | €233 | -€3,658 | -94.0% |
| Total equity and liabilities | 10/49 | €262,704 | €103,792 | -€158,912 | -60.5% |
| Equity | 10/15 | €215,620 | €57,015 | -€158,605 | -73.6% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €213,120 | €54,515 | -€158,605 | -74.4% |
| Amounts payable | 17/49 | €47,084 | €46,777 | -€307 | -0.7% |
| Amounts payable within one year | 42/48 | €47,084 | €46,777 | -€307 | -0.7% |
| Trade debts | 44 | €0 | €2,382 | +€2,382 | |
| Suppliers | 440/4 | €0 | €2,382 | +€2,382 | |
| Taxes, remuneration and social security | 45 | €47,084 | €44,395 | -€2,689 | -5.7% |
| Taxes | 450/3 | €35,771 | €41,372 | +€5,601 | +15.7% |
| Remuneration and social security | 454/9 | €11,313 | €3,023 | -€8,290 | -73.3% |
| Non-recurring operating income | 76A | - | €1,000 | +€1,000 | |
| Remuneration, social security and pensions | 62 | €43,412 | €40,093 | -€3,319 | -7.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,983 | €4,450 | -€3,533 | -44.3% |
| Other operating charges | 640/8 | €2,645 | €6,462 | +€3,817 | +144% |
| Gross operating margin | 9900 | €216,613 | €91,392 | -€125,221 | -57.8% |
| Operating profit (loss) | 9901 | €162,572 | €40,387 | -€122,186 | -75.2% |
| Financial income | 75/76B | €9 | €129 | +€120 | +1,350% |
| Recurring financial income | 75 | €9 | €129 | +€120 | +1,350% |
| Financial charges | 65/66B | €2,180 | €2,737 | +€557 | +25.6% |
| Recurring financial charges | 65 | €2,180 | €2,737 | +€557 | +25.6% |
| Profit (loss) for the period before taxes | 9903 | €160,401 | €37,779 | -€122,623 | -76.4% |
| Income taxes | 67/77 | €35,520 | €8,148 | -€27,371 | -77.1% |
| Profit (loss) for the period | 9904 | €124,882 | €29,630 | -€95,252 | -76.3% |
| Profit (loss) for the period to be appropriated | 9905 | €124,882 | €29,630 | -€95,252 | -76.3% |
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 20 October 2026 via checked.be.