MIKADO: 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.
MIKADO
Largest movements
- Cash +€85,290
up €85,290 (+94.0%), from €90,782 to €176,071
mainly Net result for the year (+€96,529) and Depreciation (+€20,122)
- Tangible fixed assets -€16,411
down €16,411 (-6.9%), from €237,667 to €221,256
of which Land and buildings: -€18,365
- Deferred charges and accrued income +€4,650
up €4,650 (+539.6%), from €862 to €5,512
- Profit (loss) carried forward +€96,529
new in 2025: €96,529
- Debts after one year -€25,000
down €25,000 (-14.3%), from €175,000 to €150,000
of which Other amounts payable: -€25,000
- Trade debts +€15,892
up €15,892 (+61.9%), from €25,665 to €41,557
- Other debts -€8,827
down €8,827 (-53.8%), from €16,406 to €7,579
- Gross operating margin +€27,776
up €27,776 (+19.4%), from €143,422 to €171,197
- Staff costs -€12,018
down €12,018 (-32.7%), from €36,719 to €24,702
- Taxes +€2,608
up €2,608 (+11.2%), from €23,385 to €25,993
- Depreciation +€1,717
up €1,717 (+9.3%), from €18,406 to €20,122
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 | €331,021 | €406,667 | +€75,647 | +22.9% |
| Fixed assets | 21/28 | €237,667 | €223,056 | -€14,611 | -6.1% |
| Tangible fixed assets | 22/27 | €237,667 | €221,256 | -€16,411 | -6.9% |
| Land and buildings | 22 | €234,585 | €216,220 | -€18,365 | -7.8% |
| Plant, machinery and equipment | 23 | €1,279 | €838 | -€441 | -34.5% |
| Furniture and vehicles | 24 | €1,803 | €4,198 | +€2,394 | +132.8% |
| Financial fixed assets | 28 | - | €1,800 | +€1,800 | |
| Current assets | 29/58 | €93,353 | €183,611 | +€90,258 | +96.7% |
| Amounts receivable within one year | 40/41 | €1,710 | €2,028 | +€318 | +18.6% |
| Trade receivables | 40 | €1,338 | €909 | -€429 | -32.1% |
| Other amounts receivable | 41 | €371 | €1,119 | +€748 | +201.3% |
| Cash at bank and in hand | 54/58 | €90,782 | €176,071 | +€85,290 | +94.0% |
| Deferred charges and accrued income | 490/1 | €862 | €5,512 | +€4,650 | +539.6% |
| Total equity and liabilities | 10/49 | €331,021 | €406,667 | +€75,647 | +22.9% |
| Equity | 10/15 | €81,283 | €177,811 | +€96,529 | +118.8% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €78,283 | €78,283 | = | 0.0% |
| Distributable reserves | 133 | €78,283 | €78,283 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | €96,529 | +€96,529 | |
| Amounts payable | 17/49 | €249,738 | €228,856 | -€20,882 | -8.4% |
| Amounts payable after more than one year | 17 | €175,000 | €150,000 | -€25,000 | -14.3% |
| Financial debts | 170/4 | €150,000 | €150,000 | = | 0.0% |
| Other amounts payable | 178/9 | €25,000 | - | -€25,000 | |
| Amounts payable within one year | 42/48 | €72,082 | €78,200 | +€6,118 | +8.5% |
| Trade debts | 44 | €25,665 | €41,557 | +€15,892 | +61.9% |
| Suppliers | 440/4 | €25,665 | €41,557 | +€15,892 | +61.9% |
| Taxes, remuneration and social security | 45 | €30,011 | €29,064 | -€948 | -3.2% |
| Taxes | 450/3 | €23,699 | €26,096 | +€2,397 | +10.1% |
| Remuneration and social security | 454/9 | €6,312 | €2,967 | -€3,345 | -53.0% |
| Other amounts payable | 47/48 | €16,406 | €7,579 | -€8,827 | -53.8% |
| Accrued charges and deferred income | 492/3 | €2,656 | €656 | -€2,000 | -75.3% |
| Remuneration, social security and pensions | 62 | €36,719 | €24,702 | -€12,018 | -32.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,406 | €20,122 | +€1,717 | +9.3% |
| Other operating charges | 640/8 | €1,293 | €1,788 | +€495 | +38.3% |
| Gross operating margin | 9900 | €143,422 | €171,197 | +€27,776 | +19.4% |
| Operating profit (loss) | 9901 | €87,003 | €124,585 | +€37,582 | +43.2% |
| Financial income | 75/76B | €0 | €10 | +€10 | +23875.0% |
| Recurring financial income | 75 | €0 | €10 | +€10 | +23875.0% |
| Financial charges | 65/66B | €1,706 | €2,073 | +€367 | +21.5% |
| Recurring financial charges | 65 | €1,706 | €2,073 | +€367 | +21.5% |
| Profit (loss) for the period before taxes | 9903 | €85,297 | €122,522 | +€37,225 | +43.6% |
| Income taxes | 67/77 | €23,385 | €25,993 | +€2,608 | +11.2% |
| Profit (loss) for the period | 9904 | €61,912 | €96,529 | +€34,616 | +55.9% |
| Profit (loss) for the period to be appropriated | 9905 | €61,912 | €96,529 | +€34,616 | +55.9% |
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 9 October 2026 via checked.be.