MIKAGRI: 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.
MIKAGRI
Largest movements
- Cash -€230,971
down €230,971 (-98.5%), from €234,555 to €3,584
mainly Investment in fixed assets (net) (-€156,679) and Debts after one year (-€108,866)
- Tangible fixed assets +€82,246
up €82,246 (+24.1%), from €340,886 to €423,132
of which Land and buildings: +€224,028
- Debts after one year -€108,866
down €108,866 (-19.7%), from €553,862 to €444,996
- Other debts -€35,000
down €35,000 (-16.6%), from €211,141 to €176,141
- Current portion of long-term debt +€19,970
up €19,970 (+33.0%), from €60,540 to €80,510
- Profit (loss) carried forward -€18,859
down €18,859, from €17,295 to -€1,564
- Gross operating margin -€24,002
down €24,002 (-18.2%), from €132,181 to €108,179
- Staff costs +€21,481
up €21,481 (+93.7%), from €22,928 to €44,409
- Financial charges +€8,021
up €8,021 (+94.6%), from €8,475 to €16,496
- Depreciation +€7,815
up €7,815 (+11.7%), from €66,618 to €74,433
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 | €1,019,297 | €867,257 | -€152,039 | -14.9% |
| Fixed assets | 21/28 | €750,886 | €833,132 | +€82,246 | +11.0% |
| Tangible fixed assets | 22/27 | €340,886 | €423,132 | +€82,246 | +24.1% |
| Land and buildings | 22 | - | €224,028 | +€224,028 | |
| Plant, machinery and equipment | 23 | €46,861 | €34,534 | -€12,327 | -26.3% |
| Furniture and vehicles | 24 | €221,226 | €164,570 | -€56,655 | -25.6% |
| Assets under construction and advance payments | 27 | €72,800 | - | -€72,800 | |
| Financial fixed assets | 28 | €410,000 | €410,000 | = | 0.0% |
| Current assets | 29/58 | €268,411 | €34,125 | -€234,285 | -87.3% |
| Amounts receivable within one year | 40/41 | €32,759 | €28,601 | -€4,157 | -12.7% |
| Trade receivables | 40 | €22,530 | €28,601 | +€6,071 | +26.9% |
| Other amounts receivable | 41 | €10,229 | - | -€10,229 | |
| Cash at bank and in hand | 54/58 | €234,555 | €3,584 | -€230,971 | -98.5% |
| Deferred charges and accrued income | 490/1 | €1,097 | €1,940 | +€843 | +76.9% |
| Total equity and liabilities | 10/49 | €1,019,297 | €867,257 | -€152,039 | -14.9% |
| Equity | 10/15 | €166,060 | €140,452 | -€25,609 | -15.4% |
| Contributions | 10/11 | €108,600 | €108,600 | = | 0.0% |
| Reserves | 13 | €40,165 | €33,415 | -€6,750 | -16.8% |
| Non-distributable reserves | 130/1 | €10,860 | €10,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €10,860 | €10,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €29,305 | €22,555 | -€6,750 | -23.0% |
| Profit (loss) carried forward | 14 | €17,295 | -€1,564 | -€18,859 | |
| Provisions and deferred taxes | 16 | €9,768 | €7,518 | -€2,250 | -23.0% |
| Deferred taxes | 168 | €9,768 | €7,518 | -€2,250 | -23.0% |
| Amounts payable | 17/49 | €843,468 | €719,287 | -€124,181 | -14.7% |
| Amounts payable after more than one year | 17 | €553,862 | €444,996 | -€108,866 | -19.7% |
| Financial debts | 170/4 | €553,862 | €444,996 | -€108,866 | -19.7% |
| Amounts payable within one year | 42/48 | €288,521 | €271,858 | -€16,664 | -5.8% |
| Current portion of amounts payable after more than one year | 42 | €60,540 | €80,510 | +€19,970 | +33.0% |
| Trade debts | 44 | €13,647 | €7,910 | -€5,737 | -42.0% |
| Suppliers | 440/4 | €13,647 | €7,910 | -€5,737 | -42.0% |
| Taxes, remuneration and social security | 45 | €3,194 | €7,297 | +€4,103 | +128.5% |
| Taxes | 450/3 | - | €1,967 | +€1,967 | |
| Remuneration and social security | 454/9 | €3,194 | €5,330 | +€2,136 | +66.9% |
| Other amounts payable | 47/48 | €211,141 | €176,141 | -€35,000 | -16.6% |
| Accrued charges and deferred income | 492/3 | €1,085 | €2,434 | +€1,349 | +124.3% |
| Remuneration, social security and pensions | 62 | €22,928 | €44,409 | +€21,481 | +93.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €66,618 | €74,433 | +€7,815 | +11.7% |
| Other operating charges | 640/8 | €1,101 | €700 | -€401 | -36.4% |
| Gross operating margin | 9900 | €132,181 | €108,179 | -€24,002 | -18.2% |
| Operating profit (loss) | 9901 | €41,534 | -€11,362 | -€52,897 | |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €8,475 | €16,496 | +€8,021 | +94.6% |
| Recurring financial charges | 65 | €8,475 | €16,496 | +€8,021 | +94.6% |
| Profit (loss) for the period before taxes | 9903 | €33,060 | -€27,859 | -€60,918 | |
| Transfer from deferred taxes | 780 | €1,294 | €2,250 | +€956 | +73.9% |
| Transfer to deferred taxes | 680 | €5,625 | - | -€5,625 | |
| Profit (loss) for the period | 9904 | €28,729 | -€25,609 | -€54,337 | |
| Transfer from tax-exempt reserves | 789 | €3,882 | €6,750 | +€2,868 | +73.9% |
| Transfer to tax-exempt reserves | 689 | €16,875 | - | -€16,875 | |
| Profit (loss) for the period to be appropriated | 9905 | €15,736 | -€18,859 | -€34,594 |
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 11 October 2026 via checked.be.