MIKAILIM: 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.
MIKAILIM
Largest movements
- Cash -€15,617
down €15,617 (-84.3%), from €18,532 to €2,914
mainly Contributions, distributions and other (-€12,400) and Net result for the year (-€7,160)
- Receivables within one year -€5,389
no longer reported in 2025 (was €5,389)
- Contributions -€12,400
down €12,400 (-66.7%), from €18,600 to €6,200
- Profit (loss) carried forward -€7,160
down €7,160, from €1,208 to -€5,952
- Tax, wage and social debts -€2,604
down €2,604 (-86.9%), from €2,998 to €394
- Trade debts +€880
up €880 (+798%), from €110 to €990
- Gross operating margin +€1,948
up €1,948 (+26.7%), from -€7,293 to -€5,344
- Other operating charges +€349
up €349 (+34.5%), from €1,011 to €1,360
- Financial charges -€308
down €308 (-63.3%), from €487 to €179
- Staff costs -€246
no longer reported in 2025 (was €246)
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 | €24,776 | €3,492 | -€21,284 | -85.9% |
| Formation expenses | 20 | €775 | €577 | -€198 | -25.6% |
| Fixed assets | 21/28 | €79 | - | -€79 | |
| Tangible fixed assets | 22/27 | €79 | - | -€79 | |
| Furniture and vehicles | 24 | €79 | - | -€79 | |
| Current assets | 29/58 | €23,921 | €2,914 | -€21,007 | -87.8% |
| Amounts receivable within one year | 40/41 | €5,389 | - | -€5,389 | |
| Other amounts receivable | 41 | €5,389 | - | -€5,389 | |
| Cash at bank and in hand | 54/58 | €18,532 | €2,914 | -€15,617 | -84.3% |
| Total equity and liabilities | 10/49 | €24,776 | €3,492 | -€21,284 | -85.9% |
| Equity | 10/15 | €21,668 | €2,108 | -€19,560 | -90.3% |
| Contributions | 10/11 | €18,600 | €6,200 | -€12,400 | -66.7% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | - | €1,860 | +€1,860 | |
| Other | 1319 | €1,860 | - | -€1,860 | |
| Profit (loss) carried forward | 14 | €1,208 | -€5,952 | -€7,160 | |
| Amounts payable | 17/49 | €3,108 | €1,384 | -€1,724 | -55.5% |
| Amounts payable within one year | 42/48 | €3,108 | €1,384 | -€1,724 | -55.5% |
| Trade debts | 44 | €110 | €990 | +€880 | +798% |
| Suppliers | 440/4 | €110 | €990 | +€880 | +798% |
| Taxes, remuneration and social security | 45 | €2,998 | €394 | -€2,604 | -86.9% |
| Taxes | 450/3 | €2,998 | €394 | -€2,604 | -86.9% |
| Remuneration, social security and pensions | 62 | €246 | - | -€246 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €278 | €278 | +€0 | 0.0% |
| Other operating charges | 640/8 | €1,011 | €1,360 | +€349 | +34.5% |
| Gross operating margin | 9900 | -€7,293 | -€5,344 | +€1,948 | +26.7% |
| Operating profit (loss) | 9901 | -€8,826 | -€6,981 | +€1,845 | +20.9% |
| Financial charges | 65/66B | €487 | €179 | -€308 | -63.3% |
| Recurring financial charges | 65 | €487 | €179 | -€308 | -63.3% |
| Profit (loss) for the period before taxes | 9903 | -€9,313 | -€7,160 | +€2,153 | +23.1% |
| Income taxes | 67/77 | €15 | - | -€15 | |
| Profit (loss) for the period | 9904 | -€9,328 | -€7,160 | +€2,168 | +23.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€9,328 | -€7,160 | +€2,168 | +23.2% |
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 19 October 2026 via checked.be.