EL MIKAT: 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.
EL MIKAT
Largest movements
- Cash +€11,438
up €11,438 (+35.4%), from €32,293 to €43,731
mainly Trade debts (+€64,108) and Net result for the year (+€13,255)
- Receivables within one year +€10,390
up €10,390 (+60.1%), from €17,277 to €27,666
of which Trade receivables: +€9,386
- Trade debts +€64,108
up €64,108 (+2,712%), from €2,364 to €66,472
- Other debts -€55,573
no longer reported in 2023 (was €55,573)
- Profit (loss) carried forward +€13,255
up €13,255 (+61.6%), from €21,534 to €34,789
- Turnover -€828,613
no longer reported in 2023 (was €828,613)
- Purchases and services -€795,716
no longer reported in 2023 (was €795,716)
- Gross operating margin -€11,846
down €11,846 (-36.0%), from €32,897 to €21,052
From the 2022 result to the 2023 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 2022 and 2023 balance sheets and the 2023 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2022 | 2023 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €109,698 | €131,489 | +€21,790 | +19.9% |
| Fixed assets | 21/28 | €60,129 | €60,091 | -€38 | -0.1% |
| Tangible fixed assets | 22/27 | €129 | €91 | -€38 | -29.3% |
| Furniture and vehicles | 24 | €129 | €91 | -€38 | -29.3% |
| Financial fixed assets | 28 | €60,000 | €60,000 | = | 0.0% |
| Current assets | 29/58 | €49,569 | €71,397 | +€21,828 | +44.0% |
| Amounts receivable within one year | 40/41 | €17,277 | €27,666 | +€10,390 | +60.1% |
| Trade receivables | 40 | €11,713 | €21,098 | +€9,386 | +80.1% |
| Other amounts receivable | 41 | €5,564 | €6,568 | +€1,004 | +18.0% |
| Cash at bank and in hand | 54/58 | €32,293 | €43,731 | +€11,438 | +35.4% |
| Total equity and liabilities | 10/49 | €109,698 | €131,489 | +€21,790 | +19.9% |
| Equity | 10/15 | €51,532 | €64,786 | +€13,255 | +25.7% |
| Contributions | 10/11 | €29,998 | €29,998 | = | 0.0% |
| Capital | 10 | €29,998 | - | -€29,998 | |
| Issued capital | 100 | €29,998 | - | -€29,998 | |
| Profit (loss) carried forward | 14 | €21,534 | €34,789 | +€13,255 | +61.6% |
| Amounts payable | 17/49 | €58,167 | €66,702 | +€8,535 | +14.7% |
| Amounts payable within one year | 42/48 | €58,167 | €66,702 | +€8,535 | +14.7% |
| Trade debts | 44 | €2,364 | €66,472 | +€64,108 | +2,712% |
| Suppliers | 440/4 | €2,364 | €66,472 | +€64,108 | +2,712% |
| Advances received on contracts in progress | 46 | €230 | €230 | = | 0.0% |
| Other amounts payable | 47/48 | €55,573 | - | -€55,573 | |
| Turnover | 70 | €828,613 | - | -€828,613 | |
| Goods, raw materials, services and sundry goods | 60/61 | €795,716 | - | -€795,716 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €396 | €38 | -€358 | -90.4% |
| Other operating charges | 640/8 | - | €60 | +€60 | |
| Gross operating margin | 9900 | €32,897 | €21,052 | -€11,846 | -36.0% |
| Operating profit (loss) | 9901 | €32,501 | €20,954 | -€11,548 | -35.5% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €2,367 | €6,574 | +€4,207 | +178% |
| Recurring financial charges | 65 | €2,367 | €6,574 | +€4,207 | +178% |
| Profit (loss) for the period before taxes | 9903 | €30,134 | €14,380 | -€15,754 | -52.3% |
| Income taxes | 67/77 | €1,250 | €1,125 | -€125 | -10.0% |
| Profit (loss) for the period | 9904 | €28,884 | €13,255 | -€15,629 | -54.1% |
| Profit (loss) for the period to be appropriated | 9905 | €28,884 | €13,255 | -€15,629 | -54.1% |
Source: filed annual accounts (NBB), financial years ended 31 December 2022 and 31 December 2023. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 21 October 2026 via checked.be.