Mi LoKa: 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 LoKa
Largest movements
- Tangible fixed assets -€12,010
down €12,010 (-23.7%), from €50,584 to €38,574
of which Plant, machinery and equipment: -€9,046
- Cash +€4,518
up €4,518 (+98.8%), from €4,571 to €9,088
mainly Depreciation (+€14,839) and Advances received (+€13,661)
- Stocks and contracts -€4,143
down €4,143 (-100%), from €4,143 to €0
- Current investments +€2,110
up €2,110 (+208%), from €1,016 to €3,126
- Receivables within one year +€1,056
up €1,056 (+7.5%), from €14,075 to €15,131
of which Trade receivables: +€2,022
- Advances received +€13,661
new in 2024: €13,661
- Debts after one year -€10,204
down €10,204 (-9.3%), from €110,204 to €100,000
of which Financial debts: -€10,204
- Profit (loss) carried forward +€8,098
up €8,098 (+9.1%), from -€88,742 to -€80,644
- Current portion of long-term debt -€7,773
down €7,773 (-38.9%), from €19,961 to €12,189
- Tax, wage and social debts -€5,386
down €5,386 (-94.7%), from €5,685 to €300
- Gross operating margin -€45,930
down €45,930 (-66.1%), from €69,451 to €23,521
- Financial income +€2,187
new in 2024: €2,187
- Depreciation +€1,892
up €1,892 (+14.6%), from €12,947 to €14,839
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €75,852 | €67,683 | -€8,169 | -10.8% |
| Fixed assets | 21/28 | €52,047 | €40,037 | -€12,010 | -23.1% |
| Tangible fixed assets | 22/27 | €50,584 | €38,574 | -€12,010 | -23.7% |
| Plant, machinery and equipment | 23 | €34,466 | €25,419 | -€9,046 | -26.2% |
| Furniture and vehicles | 24 | €15,279 | €12,524 | -€2,755 | -18.0% |
| Other tangible fixed assets | 26 | €840 | €631 | -€209 | -24.9% |
| Financial fixed assets | 28 | €1,463 | €1,463 | = | 0.0% |
| Current assets | 29/58 | €23,805 | €27,646 | +€3,841 | +16.1% |
| Stocks and contracts in progress | 3 | €4,143 | €0 | -€4,143 | -100% |
| Stocks | 30/36 | €4,143 | €0 | -€4,143 | -100% |
| Amounts receivable within one year | 40/41 | €14,075 | €15,131 | +€1,056 | +7.5% |
| Trade receivables | 40 | €9,948 | €11,970 | +€2,022 | +20.3% |
| Other amounts receivable | 41 | €4,127 | €3,161 | -€966 | -23.4% |
| Current investments | 50/53 | €1,016 | €3,126 | +€2,110 | +208% |
| Cash at bank and in hand | 54/58 | €4,571 | €9,088 | +€4,518 | +98.8% |
| Deferred charges and accrued income | 490/1 | - | €300 | +€300 | |
| Total equity and liabilities | 10/49 | €75,852 | €67,683 | -€8,169 | -10.8% |
| Equity | 10/15 | -€74,742 | -€66,644 | +€8,098 | +10.8% |
| Contributions | 10/11 | €14,000 | €14,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€88,742 | -€80,644 | +€8,098 | +9.1% |
| Amounts payable | 17/49 | €150,594 | €134,327 | -€16,267 | -10.8% |
| Amounts payable after more than one year | 17 | €110,204 | €100,000 | -€10,204 | -9.3% |
| Financial debts | 170/4 | €60,204 | €50,000 | -€10,204 | -16.9% |
| Other amounts payable | 178/9 | €50,000 | €50,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €40,390 | €34,327 | -€6,062 | -15.0% |
| Current portion of amounts payable after more than one year | 42 | €19,961 | €12,189 | -€7,773 | -38.9% |
| Trade debts | 44 | €9,584 | €8,151 | -€1,434 | -15.0% |
| Suppliers | 440/4 | €9,584 | €8,151 | -€1,434 | -15.0% |
| Advances received on contracts in progress | 46 | - | €13,661 | +€13,661 | |
| Taxes, remuneration and social security | 45 | €5,685 | €300 | -€5,386 | -94.7% |
| Taxes | 450/3 | €5,685 | €300 | -€5,386 | -94.7% |
| Other amounts payable | 47/48 | €5,159 | €28 | -€5,131 | -99.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,947 | €14,839 | +€1,892 | +14.6% |
| Other operating charges | 640/8 | €876 | €291 | -€584 | -66.7% |
| Gross operating margin | 9900 | €69,451 | €23,521 | -€45,930 | -66.1% |
| Operating profit (loss) | 9901 | €55,628 | €8,391 | -€47,238 | -84.9% |
| Financial income | 75/76B | - | €2,187 | +€2,187 | |
| Recurring financial income | 75 | - | €2,187 | +€2,187 | |
| Financial charges | 65/66B | €3,007 | €2,312 | -€694 | -23.1% |
| Recurring financial charges | 65 | €3,007 | €2,312 | -€694 | -23.1% |
| Profit (loss) for the period before taxes | 9903 | €52,622 | €8,266 | -€44,356 | -84.3% |
| Income taxes | 67/77 | €132 | €168 | +€36 | +27.7% |
| Profit (loss) for the period | 9904 | €52,490 | €8,098 | -€44,393 | -84.6% |
| Profit (loss) for the period to be appropriated | 9905 | €52,490 | €8,098 | -€44,393 | -84.6% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 31 October 2026 via checked.be.