Group Mike: what changed
What changed
Group Mike
NACE 81.300, Landscape service activities
filed annual accounts (NBB)
Net result for the year
€121,578
2024 · €86,889+€34,689
Equity
€316,314
2024 · €194,736+€121,578
Cash
€115,770
2024 · €34,771+€80,999
Balance sheet total
€974,428
2024 · €916,243+€58,185
Largest movements
Assets
- Cash +€80,999
up €80,999 (+233%), from €34,771 to €115,770
mainly Net result for the year (+€121,578) and Depreciation (+€112,291)
- Tangible fixed assets -€35,075
down €35,075 (-4.6%), from €762,049 to €726,974
of which Plant, machinery and equipment: -€34,125
Equity and liabilities
- Reserves +€121,578
up €121,578 (+64.1%), from €189,736 to €311,314
- Other debts -€75,416
no longer reported in 2025 (was €75,416)
- Trade debts +€32,552
up €32,552 (+52.6%), from €61,929 to €94,481
- Debts after one year -€31,628
down €31,628 (-6.3%), from €503,853 to €472,225
- Tax, wage and social debts +€11,833
up €11,833 (+123%), from €9,596 to €21,429
Income statement
- Gross operating margin +€106,706
up €106,706 (+19.1%), from €557,806 to €664,512
- Staff costs +€55,798
up €55,798 (+18.0%), from €309,512 to €365,310
- Taxes +€10,241
up €10,241 (+44.4%), from €23,074 to €33,315
- Depreciation +€8,561
up €8,561 (+8.3%), from €103,730 to €112,291
- Other operating charges +€6,780
up €6,780 (+202%), from €3,362 to €10,142
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€86,889
Gross operating margin
+€106,706
Staff costs
-€55,798
Depreciation
-€8,561
Other operating charges
-€6,780
Other operating items
+€2,618
Financial charges
+€6,745
Taxes
-€10,241
Result 2025
€121,578
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€185,098
Investment
-€77,216
Financing
-€26,883
Cash 2024
€34,771
From operations (derived)
+€185,098
Net result for the year
+€121,578
Depreciation
+€112,291
Receivables within one year
-€7,896
Deferred charges and accrued income
-€4,365
Trade debts
+€32,552
Tax, wage and social debts
+€11,833
Advances received
-€3,930
Other debts
-€75,416
Accrued charges and deferred income
-€1,549
Investment (derived)
-€77,216
Investment in fixed assets (net)
-€77,216
Financing
-€26,883
Debts after one year
-€31,628
Current portion of long-term debt
-€4,950
Short-term financial debts
+€9,695
Cash 2025
€115,770
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €916,243 | €974,428 | +€58,185 | +6.4% |
| Fixed assets | 21/28 | €762,049 | €726,974 | -€35,075 | -4.6% |
| Tangible fixed assets | 22/27 | €762,049 | €726,974 | -€35,075 | -4.6% |
| Land and buildings | 22 | €543,244 | €521,143 | -€22,101 | -4.1% |
| Plant, machinery and equipment | 23 | €107,917 | €73,792 | -€34,125 | -31.6% |
| Furniture and vehicles | 24 | €17,733 | €66,247 | +€48,514 | +274% |
| Leasing and similar rights | 25 | €93,155 | €65,792 | -€27,363 | -29.4% |
| Current assets | 29/58 | €154,194 | €247,454 | +€93,260 | +60.5% |
| Amounts receivable within one year | 40/41 | €103,847 | €111,743 | +€7,896 | +7.6% |
| Trade receivables | 40 | €91,780 | €76,912 | -€14,868 | -16.2% |
| Other amounts receivable | 41 | €12,067 | €34,831 | +€22,764 | +189% |
| Cash at bank and in hand | 54/58 | €34,771 | €115,770 | +€80,999 | +233% |
| Deferred charges and accrued income | 490/1 | €15,576 | €19,941 | +€4,365 | +28.0% |
| Total equity and liabilities | 10/49 | €916,243 | €974,428 | +€58,185 | +6.4% |
| Equity | 10/15 | €194,736 | €316,314 | +€121,578 | +62.4% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €189,736 | €311,314 | +€121,578 | +64.1% |
| Distributable reserves | 133 | €189,736 | €311,314 | +€121,578 | +64.1% |
| Amounts payable | 17/49 | €721,507 | €658,114 | -€63,393 | -8.8% |
| Amounts payable after more than one year | 17 | €503,853 | €472,225 | -€31,628 | -6.3% |
| Financial debts | 170/4 | €503,853 | €472,225 | -€31,628 | -6.3% |
| Amounts payable within one year | 42/48 | €216,105 | €185,889 | -€30,216 | -14.0% |
| Current portion of amounts payable after more than one year | 42 | €59,163 | €54,213 | -€4,950 | -8.4% |
| Financial debts | 43 | - | €9,695 | +€9,695 | |
| Credit institutions | 430/8 | - | €9,695 | +€9,695 | |
| Trade debts | 44 | €61,929 | €94,481 | +€32,552 | +52.6% |
| Suppliers | 440/4 | €61,929 | €94,481 | +€32,552 | +52.6% |
| Advances received on contracts in progress | 46 | €10,001 | €6,071 | -€3,930 | -39.3% |
| Taxes, remuneration and social security | 45 | €9,596 | €21,429 | +€11,833 | +123% |
| Taxes | 450/3 | €9,596 | €21,429 | +€11,833 | +123% |
| Other amounts payable | 47/48 | €75,416 | - | -€75,416 | |
| Accrued charges and deferred income | 492/3 | €1,549 | - | -€1,549 | |
| Remuneration, social security and pensions | 62 | €309,512 | €365,310 | +€55,798 | +18.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €103,730 | €112,291 | +€8,561 | +8.3% |
| Other operating charges | 640/8 | €3,362 | €10,142 | +€6,780 | +202% |
| Non-recurring operating charges | 66A | €2,618 | - | -€2,618 | |
| Gross operating margin | 9900 | €557,806 | €664,512 | +€106,706 | +19.1% |
| Operating profit (loss) | 9901 | €138,584 | €176,769 | +€38,185 | +27.6% |
| Financial charges | 65/66B | €28,621 | €21,876 | -€6,745 | -23.6% |
| Recurring financial charges | 65 | €28,621 | €21,876 | -€6,745 | -23.6% |
| Profit (loss) for the period before taxes | 9903 | €109,963 | €154,893 | +€44,930 | +40.9% |
| Income taxes | 67/77 | €23,074 | €33,315 | +€10,241 | +44.4% |
| Profit (loss) for the period | 9904 | €86,889 | €121,578 | +€34,689 | +39.9% |
| Profit (loss) for the period to be appropriated | 9905 | €86,889 | €121,578 | +€34,689 | +39.9% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 6 November 2026 via checked.be.