MIKAL GROUP SERVICES: 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.
MIKAL GROUP SERVICES
Largest movements
- Deferred charges and accrued income +€10,807
up €10,807 (+14,530%), from €74 to €10,882
- Cash -€8,480
down €8,480 (-54.8%), from €15,474 to €6,994
mainly Deferred charges and accrued income (-€10,807) and Trade debts (-€5,043)
- Reserves +€9,500
up €9,500 (+46.3%), from €20,500 to €30,000
- Other debts +€5,655
up €5,655 (+95.6%), from €5,915 to €11,570
- Trade debts -€5,043
down €5,043 (-39.2%), from €12,848 to €7,805
- Current portion of long-term debt -€4,612
down €4,612 (-82.8%), from €5,568 to €956
- Tax, wage and social debts -€1,894
down €1,894 (-25.1%), from €7,556 to €5,661
- Purchases and services +€10,990
up €10,990 (+7.5%), from €146,128 to €157,118
- Gross operating margin +€10,307
up €10,307 (+40.8%), from €25,275 to €35,582
- Other operating charges +€5,167
up €5,167 (+36.1%), from €14,296 to €19,463
- Financial charges +€1,698
up €1,698 (+91.4%), from €1,857 to €3,556
- Taxes +€1,153
up €1,153 (+66.4%), from €1,736 to €2,889
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 | €56,884 | €59,123 | +€2,240 | +3.9% |
| Fixed assets | 21/28 | €10,943 | €10,359 | -€583 | -5.3% |
| Tangible fixed assets | 22/27 | €1,068 | €484 | -€583 | -54.6% |
| Furniture and vehicles | 24 | €1,068 | €484 | -€583 | -54.6% |
| Financial fixed assets | 28 | €9,875 | €9,875 | = | 0.0% |
| Current assets | 29/58 | €45,941 | €48,764 | +€2,823 | +6.1% |
| Amounts receivable within one year | 40/41 | €30,392 | €30,888 | +€496 | +1.6% |
| Trade receivables | 40 | €30,391 | €29,778 | -€614 | -2.0% |
| Other amounts receivable | 41 | €1 | €1,111 | +€1,110 | +120,632% |
| Cash at bank and in hand | 54/58 | €15,474 | €6,994 | -€8,480 | -54.8% |
| Deferred charges and accrued income | 490/1 | €74 | €10,882 | +€10,807 | +14,530% |
| Total equity and liabilities | 10/49 | €56,884 | €59,123 | +€2,240 | +3.9% |
| Equity | 10/15 | €24,041 | €33,131 | +€9,090 | +37.8% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €20,500 | €30,000 | +€9,500 | +46.3% |
| Distributable reserves | 133 | €20,500 | €30,000 | +€9,500 | +46.3% |
| Profit (loss) carried forward | 14 | €541 | €131 | -€410 | -75.8% |
| Amounts payable | 17/49 | €32,843 | €25,992 | -€6,850 | -20.9% |
| Amounts payable after more than one year | 17 | €956 | - | -€956 | |
| Financial debts | 170/4 | €956 | - | -€956 | |
| Amounts payable within one year | 42/48 | €31,887 | €25,992 | -€5,894 | -18.5% |
| Current portion of amounts payable after more than one year | 42 | €5,568 | €956 | -€4,612 | -82.8% |
| Trade debts | 44 | €12,848 | €7,805 | -€5,043 | -39.2% |
| Suppliers | 440/4 | €12,848 | €7,805 | -€5,043 | -39.2% |
| Taxes, remuneration and social security | 45 | €7,556 | €5,661 | -€1,894 | -25.1% |
| Taxes | 450/3 | €7,556 | €5,661 | -€1,894 | -25.1% |
| Other amounts payable | 47/48 | €5,915 | €11,570 | +€5,655 | +95.6% |
| Goods, raw materials, services and sundry goods | 60/61 | €146,128 | €157,118 | +€10,990 | +7.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €892 | €583 | -€308 | -34.6% |
| Other operating charges | 640/8 | €14,296 | €19,463 | +€5,167 | +36.1% |
| Gross operating margin | 9900 | €25,275 | €35,582 | +€10,307 | +40.8% |
| Operating profit (loss) | 9901 | €10,087 | €15,535 | +€5,448 | +54.0% |
| Financial income | 75/76B | €0 | €0 | -€0 | -96.7% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -96.7% |
| Financial charges | 65/66B | €1,857 | €3,556 | +€1,698 | +91.4% |
| Recurring financial charges | 65 | €1,857 | €3,556 | +€1,698 | +91.4% |
| Profit (loss) for the period before taxes | 9903 | €8,230 | €11,979 | +€3,749 | +45.6% |
| Income taxes | 67/77 | €1,736 | €2,889 | +€1,153 | +66.4% |
| Profit (loss) for the period | 9904 | €6,494 | €9,090 | +€2,596 | +40.0% |
| Profit (loss) for the period to be appropriated | 9905 | €6,494 | €9,090 | +€2,596 | +40.0% |
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 26 October 2026 via checked.be.