MIK: 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.
What changed
MIK
NACE 68.121, Development of residential building projects
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€432,151
2024 · €78,619+€353,532
Equity
€1.5m
2024 · €1.1m+€432,151
Cash
€25,664
2024 · €57,823-€32,159
Balance sheet total
€15.4m
2024 · €16.1m-€699,536
Largest movements
Assets
- Tangible fixed assets -€735,505
down €735,505 (-6.1%), from €12.1m to €11.3m
Equity and liabilities
- Debts after one year -€1.1m
down €1.1m (-7.8%), from €13.8m to €12.7m
- Profit (loss) carried forward +€432,151
up €432,151 (+89.9%), from -€480,839 to -€48,688
Income statement
- Services and other goods -€221,635
down €221,635 (-87.7%), from €252,588 to €30,954
- Other operating income +€132,097
up €132,097 (+8.4%), from €1.6m to €1.7m
- Financial charges -€36,339
down €36,339 (-7.2%), from €506,443 to €470,104
- Financial income -€23,098
down €23,098 (-80.3%), from €28,748 to €5,650
- Turnover -€16,718
down €16,718 (-100.0%), from €16,718 to €0
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.
Result 2024
€78,619
Turnover
-€16,718
Other operating income
+€132,097
Goods and materials
+€300
Services and other goods
+€221,635
Depreciation
+€2,611
Other operating charges
+€366
Financial income
-€23,098
Financial charges
+€36,339
Result 2025
€432,151
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.
From operations
+€1.1m
Investment
-€103,096
Financing
-€1.1m
Cash 2024
€57,823
From operations (derived)
+€1.1m
Net result for the year
+€432,151
Depreciation
+€765,601
Smaller working-capital items
-€1,019
Deferred charges and accrued income
+€5,937
Trade debts
-€60,600
Tax, wage and social debts
+€5,533
Investment (derived)
-€103,096
Investment in fixed assets (net)
-€30,096
Current investments
-€73,000
Financing
-€1.1m
Debts after one year
-€1.1m
Cash 2025
€25,664
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €16,118,348 | €15,418,812 | -€699,536 | -4.3% |
| Fixed assets | 21/28 | €12,070,496 | €11,334,991 | -€735,505 | -6.1% |
| Tangible fixed assets | 22/27 | €12,070,496 | €11,334,991 | -€735,505 | -6.1% |
| Land and buildings | 22 | €12,070,496 | €11,334,991 | -€735,505 | -6.1% |
| Current assets | 29/58 | €4,047,851 | €4,083,821 | +€35,970 | +0.9% |
| Stocks and contracts in progress | 3 | €0 | €0 | = | |
| Amounts receivable within one year | 40/41 | €3,881,471 | €3,882,536 | +€1,066 | 0.0% |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | €3,881,471 | €3,882,536 | +€1,066 | 0.0% |
| Current investments | 50/53 | €100,000 | €173,000 | +€73,000 | +73.0% |
| Other investments | 51/53 | €100,000 | €173,000 | +€73,000 | +73.0% |
| Cash at bank and in hand | 54/58 | €57,823 | €25,664 | -€32,159 | -55.6% |
| Deferred charges and accrued income | 490/1 | €8,558 | €2,621 | -€5,937 | -69.4% |
| Total equity and liabilities | 10/49 | €16,118,348 | €15,418,812 | -€699,536 | -4.3% |
| Equity | 10/15 | €1,109,626 | €1,541,777 | +€432,151 | +38.9% |
| Contributions | 10/11 | €1,590,465 | €1,590,465 | = | 0.0% |
| Capital | 10 | €1,590,465 | €1,590,465 | = | 0.0% |
| Issued capital | 100 | €1,590,465 | €1,590,465 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€480,839 | -€48,688 | +€432,151 | +89.9% |
| Amounts payable | 17/49 | €15,008,722 | €13,877,035 | -€1.1m | -7.5% |
| Amounts payable after more than one year | 17 | €13,817,500 | €12,740,833 | -€1.1m | -7.8% |
| Financial debts | 170/4 | €13,817,500 | €12,740,833 | -€1.1m | -7.8% |
| Credit institutions | 173 | €13,817,500 | €12,740,833 | -€1.1m | -7.8% |
| Amounts payable within one year | 42/48 | €1,191,120 | €1,136,052 | -€55,067 | -4.6% |
| Current portion of amounts payable after more than one year | 42 | €1,076,667 | €1,076,667 | = | 0.0% |
| Trade debts | 44 | €60,951 | €352 | -€60,600 | -99.4% |
| Suppliers | 440/4 | €60,951 | €352 | -€60,600 | -99.4% |
| Taxes, remuneration and social security | 45 | €53,502 | €59,034 | +€5,533 | +10.3% |
| Taxes | 450/3 | €53,502 | €59,034 | +€5,533 | +10.3% |
| Accrued charges and deferred income | 492/3 | €102 | €149 | +€47 | +45.8% |
| Operating income | 70/76A | €1,595,160 | €1,710,539 | +€115,379 | +7.2% |
| Turnover | 70 | €16,718 | €0 | -€16,718 | -100.0% |
| Other operating income | 74 | €1,578,442 | €1,710,539 | +€132,097 | +8.4% |
| Operating charges | 60/66A | €1,038,845 | €813,933 | -€224,912 | -21.7% |
| Goods for resale, raw materials and consumables | 60 | €300 | €0 | -€300 | -100.0% |
| Purchases | 600/8 | €300 | €0 | -€300 | -100.0% |
| Services and other goods | 61 | €252,588 | €30,954 | -€221,635 | -87.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €768,212 | €765,601 | -€2,611 | -0.3% |
| Other operating charges | 640/8 | €17,744 | €17,379 | -€366 | -2.1% |
| Operating profit (loss) | 9901 | €556,315 | €896,606 | +€340,291 | +61.2% |
| Financial income | 75/76B | €28,748 | €5,650 | -€23,098 | -80.3% |
| Recurring financial income | 75 | €28,748 | €5,650 | -€23,098 | -80.3% |
| Income from current assets | 751 | €28,615 | €5,650 | -€22,966 | -80.3% |
| Other financial income | 752/9 | €132 | €0 | -€132 | -100.0% |
| Financial charges | 65/66B | €506,443 | €470,104 | -€36,339 | -7.2% |
| Recurring financial charges | 65 | €506,443 | €470,104 | -€36,339 | -7.2% |
| Debt charges | 650 | €505,803 | €469,497 | -€36,305 | -7.2% |
| Other financial charges | 652/9 | €640 | €607 | -€34 | -5.2% |
| Profit (loss) for the period before taxes | 9903 | €78,619 | €432,151 | +€353,532 | +449.7% |
| Profit (loss) for the period | 9904 | €78,619 | €432,151 | +€353,532 | +449.7% |
| Profit (loss) for the period to be appropriated | 9905 | €78,619 | €432,151 | +€353,532 | +449.7% |
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 8 October 2026 via checked.be.