MIKALE: 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.
MIKALE
Largest movements
- Receivables within one year +€10,730
up €10,730 (+10.5%), from €102,254 to €112,984
- Tangible fixed assets -€10,092
down €10,092 (-28.3%), from €35,643 to €25,551
- Cash -€4,776
down €4,776 (-10.3%), from €46,223 to €41,446
mainly Receivables within one year (-€10,730) and Other debts (-€5,983)
- Other debts -€5,983
down €5,983 (-26.0%), from €23,000 to €17,017
- Trade debts +€4,482
up €4,482 (+9.0%), from €49,884 to €54,365
of which Suppliers: +€44,482
- Tax, wage and social debts -€2,287
down €2,287 (-96.8%), from €2,363 to €76
- Other operating charges -€1,476
down €1,476 (-59.8%), from €2,467 to €990
- Gross operating margin +€1,468
up €1,468 (+12.6%), from €11,684 to €13,152
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 | €185,222 | €182,269 | -€2,953 | -1.6% |
| Fixed assets | 21/28 | €35,643 | €25,551 | -€10,092 | -28.3% |
| Tangible fixed assets | 22/27 | €35,643 | €25,551 | -€10,092 | -28.3% |
| Furniture and vehicles | 24 | €35,643 | €25,551 | -€10,092 | -28.3% |
| Current assets | 29/58 | €149,578 | €156,718 | +€7,139 | +4.8% |
| Stocks and contracts in progress | 3 | €951 | €2,135 | +€1,184 | +124% |
| Stocks | 30/36 | €951 | €2,135 | +€1,184 | +124% |
| Amounts receivable within one year | 40/41 | €102,254 | €112,984 | +€10,730 | +10.5% |
| Other amounts receivable | 41 | €102,254 | €112,984 | +€10,730 | +10.5% |
| Cash at bank and in hand | 54/58 | €46,223 | €41,446 | -€4,776 | -10.3% |
| Deferred charges and accrued income | 490/1 | €151 | €153 | +€2 | +1.2% |
| Total equity and liabilities | 10/49 | €185,222 | €182,269 | -€2,953 | -1.6% |
| Equity | 10/15 | €109,975 | €110,810 | +€836 | +0.8% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €41,608 | €41,608 | = | 0.0% |
| Distributable reserves | 133 | €41,608 | €41,608 | = | 0.0% |
| Profit (loss) carried forward | 14 | €62,167 | €63,003 | +€836 | +1.3% |
| Amounts payable | 17/49 | €75,247 | €71,458 | -€3,789 | -5.0% |
| Amounts payable within one year | 42/48 | €75,247 | €71,458 | -€3,789 | -5.0% |
| Trade debts | 44 | €49,884 | €54,365 | +€4,482 | +9.0% |
| Suppliers | 440/4 | €9,884 | €54,365 | +€44,482 | +450% |
| Bills of exchange payable | 441 | €40,000 | - | -€40,000 | |
| Taxes, remuneration and social security | 45 | €2,363 | €76 | -€2,287 | -96.8% |
| Taxes | 450/3 | €2,363 | €76 | -€2,287 | -96.8% |
| Other amounts payable | 47/48 | €23,000 | €17,017 | -€5,983 | -26.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,092 | €10,092 | = | 0.0% |
| Other operating charges | 640/8 | €2,467 | €990 | -€1,476 | -59.8% |
| Gross operating margin | 9900 | €11,684 | €13,152 | +€1,468 | +12.6% |
| Operating profit (loss) | 9901 | -€874 | €2,070 | +€2,944 | |
| Financial income | 75/76B | €2 | €0 | -€2 | -99.0% |
| Recurring financial income | 75 | €2 | €0 | -€2 | -99.0% |
| Financial charges | 65/66B | €1,060 | €1,113 | +€53 | +5.0% |
| Recurring financial charges | 65 | €1,060 | €1,113 | +€53 | +5.0% |
| Profit (loss) for the period before taxes | 9903 | -€1,932 | €957 | +€2,889 | |
| Income taxes | 67/77 | - | €121 | +€121 | |
| Profit (loss) for the period | 9904 | -€1,932 | €836 | +€2,768 | |
| Profit (loss) for the period to be appropriated | 9905 | -€1,932 | €836 | +€2,768 |
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 17 October 2026 via checked.be.