Mika & Bain: 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.
Mika & Bain
Largest movements
- Tangible fixed assets +€1.8m
up €1.8m (+233%), from €753,271 to €2.5m
of which Leasing and similar rights: +€1.5m
- Receivables within one year -€307,945
down €307,945 (-65.5%), from €470,419 to €162,473
of which Other amounts receivable: -€304,329
- Debts after one year +€1.5m
up €1.5m (+8,348%), from €17,479 to €1.5m
- Other debts +€218,801
up €218,801 (+28.4%), from €770,084 to €988,885
- Trade debts -€151,132
down €151,132 (-97.5%), from €154,952 to €3,820
- Profit (loss) carried forward -€103,457
new in 2025: -€103,457
- Current portion of long-term debt +€41,194
up €41,194 (+60.5%), from €68,077 to €109,271
- Depreciation +€258,791
up €258,791 (+612%), from €42,258 to €301,048
- Gross operating margin +€180,423
up €180,423 (+142%), from €126,829 to €307,252
- Financial charges +€90,074
up €90,074 (+1,737%), from €5,185 to €95,259
- Staff costs -€48,395
down €48,395 (-77.3%), from €62,575 to €14,181
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.
Derived cash bridge
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 | €1,230,049 | €2,682,358 | +€1.5m | +118% |
| Fixed assets | 21/28 | €753,271 | €2,511,494 | +€1.8m | +233% |
| Tangible fixed assets | 22/27 | €753,271 | €2,511,494 | +€1.8m | +233% |
| Plant, machinery and equipment | 23 | €739,309 | €931,767 | +€192,458 | +26.0% |
| Furniture and vehicles | 24 | €13,962 | €32,727 | +€18,765 | +134% |
| Leasing and similar rights | 25 | - | €1,547,000 | +€1.5m | |
| Current assets | 29/58 | €476,778 | €170,864 | -€305,914 | -64.2% |
| Amounts receivable within one year | 40/41 | €470,419 | €162,473 | -€307,945 | -65.5% |
| Trade receivables | 40 | €4,104 | €488 | -€3,616 | -88.1% |
| Other amounts receivable | 41 | €466,315 | €161,985 | -€304,329 | -65.3% |
| Cash at bank and in hand | 54/58 | €680 | €2,682 | +€2,002 | +295% |
| Deferred charges and accrued income | 490/1 | €5,680 | €5,709 | +€29 | +0.5% |
| Total equity and liabilities | 10/49 | €1,230,049 | €2,682,358 | +€1.5m | +118% |
| Equity | 10/15 | €199,677 | €96,220 | -€103,457 | -51.8% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €187,277 | €187,277 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €185,417 | €185,417 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€103,457 | -€103,457 | |
| Amounts payable | 17/49 | €1,030,372 | €2,586,137 | +€1.6m | +151% |
| Amounts payable after more than one year | 17 | €17,479 | €1,476,590 | +€1.5m | +8,348% |
| Financial debts | 170/4 | €17,479 | €1,476,590 | +€1.5m | +8,348% |
| Amounts payable within one year | 42/48 | €1,012,182 | €1,108,093 | +€95,912 | +9.5% |
| Current portion of amounts payable after more than one year | 42 | €68,077 | €109,271 | +€41,194 | +60.5% |
| Trade debts | 44 | €154,952 | €3,820 | -€151,132 | -97.5% |
| Suppliers | 440/4 | €154,952 | €3,820 | -€151,132 | -97.5% |
| Taxes, remuneration and social security | 45 | €19,069 | €6,117 | -€12,952 | -67.9% |
| Taxes | 450/3 | €5,725 | €4,061 | -€1,664 | -29.1% |
| Remuneration and social security | 454/9 | €13,344 | €2,056 | -€11,288 | -84.6% |
| Other amounts payable | 47/48 | €770,084 | €988,885 | +€218,801 | +28.4% |
| Accrued charges and deferred income | 492/3 | €711 | €1,454 | +€742 | +104% |
| Remuneration, social security and pensions | 62 | €62,575 | €14,181 | -€48,395 | -77.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €42,258 | €301,048 | +€258,791 | +612% |
| Other operating charges | 640/8 | €825 | €2,283 | +€1,459 | +177% |
| Gross operating margin | 9900 | €126,829 | €307,252 | +€180,423 | +142% |
| Operating profit (loss) | 9901 | €21,171 | -€10,261 | -€31,432 | |
| Financial income | 75/76B | €463 | €2,570 | +€2,107 | +455% |
| Recurring financial income | 75 | €463 | €2,570 | +€2,107 | +455% |
| Financial charges | 65/66B | €5,185 | €95,259 | +€90,074 | +1,737% |
| Recurring financial charges | 65 | €5,185 | €95,259 | +€90,074 | +1,737% |
| Profit (loss) for the period before taxes | 9903 | €16,449 | -€102,950 | -€119,399 | |
| Income taxes | 67/77 | €1,069 | €507 | -€561 | -52.5% |
| Profit (loss) for the period | 9904 | €15,381 | -€103,457 | -€118,837 | |
| Profit (loss) for the period to be appropriated | 9905 | €15,381 | -€103,457 | -€118,837 |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 23 October 2026 via checked.be.