MIRCOPA: 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.
MIRCOPA
Largest movements
- Receivables within one year +€105,227
up €105,227 (+61.2%), from €172,050 to €277,278
of which Other amounts receivable: +€54,518
- Tangible fixed assets +€33,945
up €33,945 (+7.5%), from €453,894 to €487,838
of which Land and buildings: +€32,813
- Deferred charges and accrued income -€15,832
down €15,832 (-12.1%), from €130,551 to €114,719
- Advances received +€49,706
up €49,706 (+56.8%), from €87,531 to €137,237
- Tax, wage and social debts +€24,817
up €24,817 (+82.8%), from €29,969 to €54,786
- Current portion of long-term debt +€17,771
up €17,771 (+47.7%), from €37,231 to €55,002
- Trade debts +€15,026
up €15,026 (+181%), from €8,305 to €23,331
- Debts after one year +€9,187
up €9,187 (+1.9%), from €494,841 to €504,028
- Turnover -€149,080
no longer reported in 2025 (was €149,080)
- Purchases and services +€74,253
up €74,253 (+138%), from €53,964 to €128,217
- Financial income +€8,512
up €8,512 (+15,647%), from €54 to €8,567
- Gross operating margin +€4,338
up €4,338 (+4.6%), from €95,116 to €99,454
- Depreciation +€4,092
up €4,092 (+29.6%), from €13,820 to €17,912
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 | €760,559 | €882,026 | +€121,467 | +16.0% |
| Fixed assets | 21/28 | €453,894 | €487,838 | +€33,945 | +7.5% |
| Tangible fixed assets | 22/27 | €453,894 | €487,838 | +€33,945 | +7.5% |
| Land and buildings | 22 | €451,878 | €484,692 | +€32,813 | +7.3% |
| Furniture and vehicles | 24 | €2,015 | €3,147 | +€1,131 | +56.1% |
| Current assets | 29/58 | €306,666 | €394,188 | +€87,522 | +28.5% |
| Amounts receivable within one year | 40/41 | €172,050 | €277,278 | +€105,227 | +61.2% |
| Trade receivables | 40 | €82,163 | €132,873 | +€50,710 | +61.7% |
| Other amounts receivable | 41 | €89,887 | €144,405 | +€54,518 | +60.7% |
| Cash at bank and in hand | 54/58 | €4,064 | €2,190 | -€1,874 | -46.1% |
| Deferred charges and accrued income | 490/1 | €130,551 | €114,719 | -€15,832 | -12.1% |
| Total equity and liabilities | 10/49 | €760,559 | €882,026 | +€121,467 | +16.0% |
| Equity | 10/15 | €91,945 | €96,422 | +€4,477 | +4.9% |
| Contributions | 10/11 | €14,260 | €14,260 | = | 0.0% |
| Reserves | 13 | €76,000 | €82,000 | +€6,000 | +7.9% |
| Distributable reserves | 133 | €76,000 | €82,000 | +€6,000 | +7.9% |
| Profit (loss) carried forward | 14 | €1,685 | €162 | -€1,523 | -90.4% |
| Amounts payable | 17/49 | €668,614 | €785,604 | +€116,989 | +17.5% |
| Amounts payable after more than one year | 17 | €494,841 | €504,028 | +€9,187 | +1.9% |
| Financial debts | 170/4 | €494,841 | €504,028 | +€9,187 | +1.9% |
| Amounts payable within one year | 42/48 | €173,719 | €274,896 | +€101,177 | +58.2% |
| Current portion of amounts payable after more than one year | 42 | €37,231 | €55,002 | +€17,771 | +47.7% |
| Trade debts | 44 | €8,305 | €23,331 | +€15,026 | +181% |
| Suppliers | 440/4 | €8,305 | €23,331 | +€15,026 | +181% |
| Advances received on contracts in progress | 46 | €87,531 | €137,237 | +€49,706 | +56.8% |
| Taxes, remuneration and social security | 45 | €29,969 | €54,786 | +€24,817 | +82.8% |
| Taxes | 450/3 | €29,969 | €54,786 | +€24,817 | +82.8% |
| Other amounts payable | 47/48 | €10,683 | €4,539 | -€6,144 | -57.5% |
| Accrued charges and deferred income | 492/3 | €54 | €6,680 | +€6,626 | +12,234% |
| Turnover | 70 | €149,080 | - | -€149,080 | |
| Goods, raw materials, services and sundry goods | 60/61 | €53,964 | €128,217 | +€74,253 | +138% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,820 | €17,912 | +€4,092 | +29.6% |
| Other operating charges | 640/8 | €5,204 | €7,547 | +€2,343 | +45.0% |
| Gross operating margin | 9900 | €95,116 | €99,454 | +€4,338 | +4.6% |
| Operating profit (loss) | 9901 | €76,092 | €73,995 | -€2,097 | -2.8% |
| Financial income | 75/76B | €54 | €8,567 | +€8,512 | +15,647% |
| Recurring financial income | 75 | €54 | €8,567 | +€8,512 | +15,647% |
| Financial charges | 65/66B | €15,292 | €17,266 | +€1,974 | +12.9% |
| Recurring financial charges | 65 | €15,292 | €17,266 | +€1,974 | +12.9% |
| Profit (loss) for the period before taxes | 9903 | €60,854 | €65,295 | +€4,441 | +7.3% |
| Income taxes | 67/77 | €22,151 | €22,818 | +€667 | +3.0% |
| Profit (loss) for the period | 9904 | €38,703 | €42,477 | +€3,774 | +9.8% |
| Profit (loss) for the period to be appropriated | 9905 | €38,703 | €42,477 | +€3,774 | +9.8% |
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 30 October 2026 via checked.be.