What changed?
Two fiscal 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.
MIRAMAG EUROPE
Largest movements
- Cash +€21,947
up €21,947 (+133.2%), from €16,482 to €38,429
mainly Net result for the year (+€26,745) and Tax, wage and social debts (+€4,054)
- Receivables within one year -€1,886
down €1,886 (-2.0%), from €96,664 to €94,778
of which Trade receivables: -€1,941
- Profit (loss) carried forward +€26,745
up €26,745 (+22.2%), from -€120,355 to -€93,610
- Trade debts -€11,934
down €11,934 (-27.2%), from €43,928 to €31,995
- Tax, wage and social debts +€4,054
up €4,054 (+6.6%), from €61,810 to €65,864
of which Taxes: +€2,655
- Gross operating margin +€20,396
up €20,396 (+78.0%), from €26,145 to €46,541
- Staff costs +€759
up €759 (+3.9%), from €19,708 to €20,467
- Financial income +€629
up €629 (+66.8%), from €941 to €1,571
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 | €115,384 | €134,249 | +€18,865 | +16.3% |
| Fixed assets | 21/28 | €1,041 | €1,041 | = | 0.0% |
| Financial fixed assets | 28 | €1,041 | €1,041 | = | 0.0% |
| Current assets | 29/58 | €114,343 | €133,207 | +€18,865 | +16.5% |
| Amounts receivable within one year | 40/41 | €96,664 | €94,778 | -€1,886 | -2.0% |
| Trade receivables | 40 | €35,894 | €33,953 | -€1,941 | -5.4% |
| Other amounts receivable | 41 | €60,770 | €60,825 | +€55 | +0.1% |
| Cash at bank and in hand | 54/58 | €16,482 | €38,429 | +€21,947 | +133.2% |
| Deferred charges and accrued income | 490/1 | €1,197 | €0 | -€1,197 | -100.0% |
| Total equity and liabilities | 10/49 | €115,384 | €134,249 | +€18,865 | +16.3% |
| Equity | 10/15 | €9,645 | €36,390 | +€26,745 | +277.3% |
| Contributions | 10/11 | €124,000 | €124,000 | = | 0.0% |
| Reserves | 13 | €6,000 | €6,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,000 | €6,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €6,000 | €6,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€120,355 | -€93,610 | +€26,745 | +22.2% |
| Amounts payable | 17/49 | €105,738 | €97,859 | -€7,880 | -7.5% |
| Amounts payable within one year | 42/48 | €105,738 | €97,859 | -€7,880 | -7.5% |
| Trade debts | 44 | €43,928 | €31,995 | -€11,934 | -27.2% |
| Suppliers | 440/4 | €43,928 | €31,995 | -€11,934 | -27.2% |
| Taxes, remuneration and social security | 45 | €61,810 | €65,864 | +€4,054 | +6.6% |
| Taxes | 450/3 | €59,719 | €62,374 | +€2,655 | +4.4% |
| Remuneration and social security | 454/9 | €2,091 | €3,490 | +€1,399 | +66.9% |
| Remuneration, social security and pensions | 62 | €19,708 | €20,467 | +€759 | +3.9% |
| Other operating charges | 640/8 | €935 | €757 | -€179 | -19.1% |
| Gross operating margin | 9900 | €26,145 | €46,541 | +€20,396 | +78.0% |
| Operating profit (loss) | 9901 | €5,501 | €25,317 | +€19,815 | +360.2% |
| Financial income | 75/76B | €941 | €1,571 | +€629 | +66.8% |
| Recurring financial income | 75 | €941 | €1,571 | +€629 | +66.8% |
| Financial charges | 65/66B | €424 | €143 | -€281 | -66.3% |
| Recurring financial charges | 65 | €424 | €143 | -€281 | -66.3% |
| Profit (loss) for the period before taxes | 9903 | €6,019 | €26,745 | +€20,726 | +344.3% |
| Profit (loss) for the period | 9904 | €6,019 | €26,745 | +€20,726 | +344.3% |
| Profit (loss) for the period to be appropriated | 9905 | €6,019 | €26,745 | +€20,726 | +344.3% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 September 2026 via checked.be.