MIKARA: 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.
MIKARA
Largest movements
- Tangible fixed assets -€37,875
down €37,875 (-6.2%), from €609,595 to €571,720
- Receivables within one year -€6,935
down €6,935 (-44.3%), from €15,667 to €8,732
of which Trade receivables: -€5,367
- Debts after one year -€55,452
down €55,452 (-14.9%), from €372,977 to €317,525
- Profit (loss) carried forward +€9,633
up €9,633 (+17.0%), from €56,827 to €66,459
- Gross operating margin +€5,477
up €5,477 (+7.5%), from €73,365 to €78,842
- Financial charges -€1,852
down €1,852 (-10.1%), from €18,319 to €16,467
- Taxes +€1,692
up €1,692 (+113.8%), from €1,487 to €3,179
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 | €662,891 | €618,286 | -€44,605 | -6.7% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €631,024 | €589,578 | -€41,447 | -6.6% |
| Intangible fixed assets | 21 | €21,429 | €17,857 | -€3,571 | -16.7% |
| Tangible fixed assets | 22/27 | €609,595 | €571,720 | -€37,875 | -6.2% |
| Land and buildings | 22 | €609,595 | €571,720 | -€37,875 | -6.2% |
| Current assets | 29/58 | €31,867 | €28,709 | -€3,158 | -9.9% |
| Amounts receivable within one year | 40/41 | €15,667 | €8,732 | -€6,935 | -44.3% |
| Trade receivables | 40 | €8,765 | €3,398 | -€5,367 | -61.2% |
| Other amounts receivable | 41 | €6,902 | €5,334 | -€1,569 | -22.7% |
| Cash at bank and in hand | 54/58 | €9,376 | €12,376 | +€2,999 | +32.0% |
| Deferred charges and accrued income | 490/1 | €6,824 | €7,601 | +€778 | +11.4% |
| Total equity and liabilities | 10/49 | €662,891 | €618,286 | -€44,605 | -6.7% |
| Equity | 10/15 | €207,327 | €216,959 | +€9,633 | +4.6% |
| Contributions | 10/11 | €150,500 | €150,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €56,827 | €66,459 | +€9,633 | +17.0% |
| Amounts payable | 17/49 | €455,565 | €401,327 | -€54,238 | -11.9% |
| Amounts payable after more than one year | 17 | €372,977 | €317,525 | -€55,452 | -14.9% |
| Financial debts | 170/4 | €372,977 | €317,525 | -€55,452 | -14.9% |
| Amounts payable within one year | 42/48 | €82,588 | €83,802 | +€1,215 | +1.5% |
| Current portion of amounts payable after more than one year | 42 | €52,586 | €55,452 | +€2,866 | +5.5% |
| Trade debts | 44 | €5,955 | €3,510 | -€2,445 | -41.1% |
| Suppliers | 440/4 | €5,955 | €3,510 | -€2,445 | -41.1% |
| Taxes, remuneration and social security | 45 | €4,241 | €5,022 | +€781 | +18.4% |
| Taxes | 450/3 | €4,241 | €5,022 | +€781 | +18.4% |
| Other amounts payable | 47/48 | €19,806 | €19,818 | +€12 | +0.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €42,206 | €42,397 | +€192 | +0.5% |
| Other operating charges | 640/8 | €7,087 | €7,166 | +€79 | +1.1% |
| Gross operating margin | 9900 | €73,365 | €78,842 | +€5,477 | +7.5% |
| Operating profit (loss) | 9901 | €24,072 | €29,279 | +€5,207 | +21.6% |
| Financial charges | 65/66B | €18,319 | €16,467 | -€1,852 | -10.1% |
| Recurring financial charges | 65 | €18,319 | €16,467 | -€1,852 | -10.1% |
| Profit (loss) for the period before taxes | 9903 | €5,753 | €12,812 | +€7,059 | +122.7% |
| Income taxes | 67/77 | €1,487 | €3,179 | +€1,692 | +113.8% |
| Profit (loss) for the period | 9904 | €4,266 | €9,633 | +€5,367 | +125.8% |
| Profit (loss) for the period to be appropriated | 9905 | €4,266 | €9,633 | +€5,367 | +125.8% |
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 11 October 2026 via checked.be.