MICKEY: what changed
Two fiscal 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.
MICKEY
Largest movements
- Receivables within one year +€24,199
up €24,199 (+66.4%), from €36,460 to €60,659
of which Trade receivables: +€13,459
- Tangible fixed assets -€9,766
down €9,766 (-13.0%), from €74,885 to €65,119
of which Furniture and vehicles: -€5,958
- Intangible fixed assets -€2,100
down €2,100 (-11.7%), from €17,948 to €15,848
- Trade debts +€15,733
up €15,733 (+148.9%), from €10,566 to €26,299
- Debts after one year -€15,506
down €15,506 (-20.9%), from €74,258 to €58,752
- Reserves +€14,385
up €14,385 (+94.3%), from €15,261 to €29,646
- Short-term financial debts -€5,552
no longer reported in 2025 (was €5,552)
- Tax, wage and social debts +€4,584
up €4,584 (+33.5%), from €13,695 to €18,279
of which Taxes: +€5,193
- Gross operating margin -€26,085
down €26,085 (-28.0%), from €93,282 to €67,197
- Staff costs -€13,349
down €13,349 (-36.7%), from €36,413 to €23,064
- Financial charges -€4,285
down €4,285 (-36.8%), from €11,649 to €7,364
- Depreciation -€4,002
down €4,002 (-20.3%), from €19,681 to €15,678
- Other operating charges -€2,022
down €2,022 (-34.1%), from €5,921 to €3,900
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 | €137,732 | €150,200 | +€12,467 | +9.1% |
| Fixed assets | 21/28 | €98,473 | €86,607 | -€11,866 | -12.1% |
| Intangible fixed assets | 21 | €17,948 | €15,848 | -€2,100 | -11.7% |
| Tangible fixed assets | 22/27 | €74,885 | €65,119 | -€9,766 | -13.0% |
| Plant, machinery and equipment | 23 | €49,330 | €45,521 | -€3,808 | -7.7% |
| Furniture and vehicles | 24 | €25,555 | €19,597 | -€5,958 | -23.3% |
| Financial fixed assets | 28 | €5,640 | €5,640 | = | 0.0% |
| Current assets | 29/58 | €39,260 | €63,593 | +€24,333 | +62.0% |
| Amounts receivable within one year | 40/41 | €36,460 | €60,659 | +€24,199 | +66.4% |
| Trade receivables | 40 | €10,174 | €23,634 | +€13,459 | +132.3% |
| Other amounts receivable | 41 | €26,285 | €37,025 | +€10,740 | +40.9% |
| Cash at bank and in hand | 54/58 | €2,800 | €2,934 | +€134 | +4.8% |
| Total equity and liabilities | 10/49 | €137,732 | €150,200 | +€12,467 | +9.1% |
| Equity | 10/15 | €16,261 | €30,646 | +€14,385 | +88.5% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €15,261 | €29,646 | +€14,385 | +94.3% |
| Distributable reserves | 133 | €15,261 | €29,646 | +€14,385 | +94.3% |
| Amounts payable | 17/49 | €121,472 | €119,554 | -€1,918 | -1.6% |
| Amounts payable after more than one year | 17 | €74,258 | €58,752 | -€15,506 | -20.9% |
| Financial debts | 170/4 | €74,258 | €58,752 | -€15,506 | -20.9% |
| Amounts payable within one year | 42/48 | €47,213 | €60,801 | +€13,588 | +28.8% |
| Current portion of amounts payable after more than one year | 42 | €14,739 | €15,506 | +€767 | +5.2% |
| Financial debts | 43 | €5,552 | - | -€5,552 | |
| Credit institutions | 430/8 | €5,552 | - | -€5,552 | |
| Trade debts | 44 | €10,566 | €26,299 | +€15,733 | +148.9% |
| Suppliers | 440/4 | €10,566 | €26,299 | +€15,733 | +148.9% |
| Advances received on contracts in progress | 46 | €2,660 | €717 | -€1,943 | -73.0% |
| Taxes, remuneration and social security | 45 | €13,695 | €18,279 | +€4,584 | +33.5% |
| Taxes | 450/3 | €13,086 | €18,279 | +€5,193 | +39.7% |
| Remuneration and social security | 454/9 | €609 | - | -€609 | |
| Non-recurring operating income | 76A | €3,058 | - | -€3,058 | |
| Remuneration, social security and pensions | 62 | €36,413 | €23,064 | -€13,349 | -36.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,681 | €15,678 | -€4,002 | -20.3% |
| Other operating charges | 640/8 | €5,921 | €3,900 | -€2,022 | -34.1% |
| Gross operating margin | 9900 | €93,282 | €67,197 | -€26,085 | -28.0% |
| Operating profit (loss) | 9901 | €31,268 | €24,555 | -€6,713 | -21.5% |
| Financial income | 75/76B | €793 | €1,818 | +€1,025 | +129.2% |
| Recurring financial income | 75 | €793 | €1,818 | +€1,025 | +129.2% |
| Financial charges | 65/66B | €11,649 | €7,364 | -€4,285 | -36.8% |
| Recurring financial charges | 65 | €11,649 | €7,364 | -€4,285 | -36.8% |
| Profit (loss) for the period before taxes | 9903 | €20,412 | €19,009 | -€1,403 | -6.9% |
| Income taxes | 67/77 | €5,151 | €4,624 | -€527 | -10.2% |
| Profit (loss) for the period | 9904 | €15,261 | €14,385 | -€876 | -5.7% |
| Profit (loss) for the period to be appropriated | 9905 | €15,261 | €14,385 | -€876 | -5.7% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.