MI.KA: 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.
MI.KA
Largest movements
- Cash +€58,955
up €58,955 (+68.6%), from €85,975 to €144,930
mainly Trade debts (+€77,107) and Depreciation (+€48,300)
- Receivables within one year -€27,619
down €27,619 (-46.1%), from €59,973 to €32,355
of which Trade receivables: -€34,539
- Tangible fixed assets -€5,485
down €5,485 (-3.3%), from €167,534 to €162,049
of which Land and buildings: -€28,069
- Trade debts +€77,107
up €77,107 (+167.6%), from €45,995 to €123,102
- Debts after one year -€41,124
down €41,124 (-38.1%), from €107,817 to €66,692
of which Financial debts: -€28,725
- Tax, wage and social debts -€14,309
down €14,309 (-50.5%), from €28,334 to €14,025
of which Taxes: -€9,255
- Gross operating margin +€41,901
up €41,901 (+20.8%), from €201,314 to €243,215
- Staff costs +€24,052
up €24,052 (+15.9%), from €151,387 to €175,439
- Depreciation +€5,504
up €5,504 (+12.9%), from €42,797 to €48,300
- Other operating charges +€4,516
up €4,516 (+203.3%), from €2,221 to €6,738
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 | €342,068 | €366,108 | +€24,040 | +7.0% |
| Fixed assets | 21/28 | €168,470 | €162,985 | -€5,485 | -3.3% |
| Tangible fixed assets | 22/27 | €167,534 | €162,049 | -€5,485 | -3.3% |
| Land and buildings | 22 | €132,398 | €104,329 | -€28,069 | -21.2% |
| Plant, machinery and equipment | 23 | €5,434 | €26,606 | +€21,172 | +389.6% |
| Furniture and vehicles | 24 | €15,026 | €18,638 | +€3,612 | +24.0% |
| Other tangible fixed assets | 26 | €14,675 | €12,475 | -€2,200 | -15.0% |
| Financial fixed assets | 28 | €936 | €936 | = | 0.0% |
| Current assets | 29/58 | €173,599 | €203,124 | +€29,525 | +17.0% |
| Stocks and contracts in progress | 3 | €4,769 | €5,514 | +€745 | +15.6% |
| Stocks | 30/36 | €4,769 | €5,514 | +€745 | +15.6% |
| Amounts receivable within one year | 40/41 | €59,973 | €32,355 | -€27,619 | -46.1% |
| Trade receivables | 40 | €48,564 | €14,026 | -€34,539 | -71.1% |
| Other amounts receivable | 41 | €11,409 | €18,329 | +€6,920 | +60.7% |
| Cash at bank and in hand | 54/58 | €85,975 | €144,930 | +€58,955 | +68.6% |
| Deferred charges and accrued income | 490/1 | €22,881 | €20,324 | -€2,556 | -11.2% |
| Total equity and liabilities | 10/49 | €342,068 | €366,108 | +€24,040 | +7.0% |
| Equity | 10/15 | €131,608 | €132,722 | +€1,114 | +0.8% |
| Contributions | 10/11 | €68,600 | €68,600 | = | 0.0% |
| Reserves | 13 | €31,860 | €31,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,860 | €6,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €6,860 | €6,860 | = | 0.0% |
| Distributable reserves | 133 | €25,000 | €25,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €31,148 | €32,262 | +€1,114 | +3.6% |
| Amounts payable | 17/49 | €210,461 | €233,387 | +€22,926 | +10.9% |
| Amounts payable after more than one year | 17 | €107,817 | €66,692 | -€41,124 | -38.1% |
| Financial debts | 170/4 | €78,928 | €50,203 | -€28,725 | -36.4% |
| Advances received on contracts in progress | 176 | €28,889 | €16,489 | -€12,400 | -42.9% |
| Amounts payable within one year | 42/48 | €102,644 | €166,694 | +€64,050 | +62.4% |
| Current portion of amounts payable after more than one year | 42 | €27,730 | €28,725 | +€994 | +3.6% |
| Financial debts | 43 | €585 | €842 | +€257 | +43.9% |
| Credit institutions | 430/8 | €585 | €842 | +€257 | +43.9% |
| Trade debts | 44 | €45,995 | €123,102 | +€77,107 | +167.6% |
| Suppliers | 440/4 | €45,995 | €123,102 | +€77,107 | +167.6% |
| Taxes, remuneration and social security | 45 | €28,334 | €14,025 | -€14,309 | -50.5% |
| Taxes | 450/3 | €9,255 | - | -€9,255 | |
| Remuneration and social security | 454/9 | €19,079 | €14,025 | -€5,053 | -26.5% |
| Remuneration, social security and pensions | 62 | €151,387 | €175,439 | +€24,052 | +15.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €42,797 | €48,300 | +€5,504 | +12.9% |
| Other operating charges | 640/8 | €2,221 | €6,738 | +€4,516 | +203.3% |
| Gross operating margin | 9900 | €201,314 | €243,215 | +€41,901 | +20.8% |
| Operating profit (loss) | 9901 | €4,909 | €12,738 | +€7,829 | +159.5% |
| Financial income | 75/76B | €12 | €10 | -€2 | -19.6% |
| Recurring financial income | 75 | €12 | €10 | -€2 | -19.6% |
| Financial charges | 65/66B | €11,679 | €11,634 | -€45 | -0.4% |
| Recurring financial charges | 65 | €11,679 | €11,634 | -€45 | -0.4% |
| Profit (loss) for the period before taxes | 9903 | -€6,758 | €1,114 | +€7,872 | |
| Profit (loss) for the period | 9904 | -€6,758 | €1,114 | +€7,872 | |
| Profit (loss) for the period to be appropriated | 9905 | -€6,758 | €1,114 | +€7,872 |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.