MIKARO'S: 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.
MIKARO'S
Largest movements
- Cash +€26,626
up €26,626 (+19.3%), from €137,969 to €164,595
mainly Other debts (+€156,308) and Net result for the year (+€28,112)
- Tangible fixed assets +€8,657
up €8,657 (+43.0%), from €20,119 to €28,776
of which Plant, machinery and equipment: +€10,886
- Receivables within one year -€5,595
down €5,595 (-32.4%), from €17,252 to €11,657
of which Trade receivables: -€4,732
- Intangible fixed assets -€3,500
down €3,500 (-27.1%), from €12,936 to €9,435
- Other debts +€156,308
up €156,308 (+515%), from €30,363 to €186,671
- Reserves -€135,311
no longer reported in 2025 (was €135,311)
- Tax, wage and social debts +€3,905
up €3,905 (+39.8%), from €9,819 to €13,724
of which Taxes: +€2,851
- Gross operating margin +€19,921
up €19,921 (+24.2%), from €82,412 to €102,333
- Staff costs +€14,425
up €14,425 (+48.6%), from €29,659 to €44,084
- Taxes +€4,413
up €4,413 (+61.8%), from €7,137 to €11,550
- Other operating charges -€1,157
down €1,157 (-34.9%), from €3,320 to €2,163
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 | €204,475 | €228,826 | +€24,352 | +11.9% |
| Fixed assets | 21/28 | €37,855 | €43,011 | +€5,157 | +13.6% |
| Intangible fixed assets | 21 | €12,936 | €9,435 | -€3,500 | -27.1% |
| Tangible fixed assets | 22/27 | €20,119 | €28,776 | +€8,657 | +43.0% |
| Plant, machinery and equipment | 23 | €11,671 | €22,557 | +€10,886 | +93.3% |
| Furniture and vehicles | 24 | €7,182 | €4,367 | -€2,816 | -39.2% |
| Other tangible fixed assets | 26 | €1,266 | €1,852 | +€587 | +46.3% |
| Financial fixed assets | 28 | €4,800 | €4,800 | = | 0.0% |
| Current assets | 29/58 | €166,620 | €185,815 | +€19,195 | +11.5% |
| Stocks and contracts in progress | 3 | €9,104 | €7,212 | -€1,892 | -20.8% |
| Stocks | 30/36 | €9,104 | €7,212 | -€1,892 | -20.8% |
| Amounts receivable within one year | 40/41 | €17,252 | €11,657 | -€5,595 | -32.4% |
| Trade receivables | 40 | €16,389 | €11,657 | -€4,732 | -28.9% |
| Other amounts receivable | 41 | €863 | - | -€863 | |
| Cash at bank and in hand | 54/58 | €137,969 | €164,595 | +€26,626 | +19.3% |
| Deferred charges and accrued income | 490/1 | €2,296 | €2,352 | +€55 | +2.4% |
| Total equity and liabilities | 10/49 | €204,475 | €228,826 | +€24,352 | +11.9% |
| Equity | 10/15 | €153,911 | €18,600 | -€135,311 | -87.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €135,311 | - | -€135,311 | |
| Distributable reserves | 133 | €135,311 | - | -€135,311 | |
| Amounts payable | 17/49 | €50,563 | €210,226 | +€159,663 | +316% |
| Amounts payable within one year | 42/48 | €48,757 | €208,249 | +€159,492 | +327% |
| Trade debts | 44 | €8,575 | €7,854 | -€721 | -8.4% |
| Suppliers | 440/4 | €8,575 | €7,854 | -€721 | -8.4% |
| Taxes, remuneration and social security | 45 | €9,819 | €13,724 | +€3,905 | +39.8% |
| Taxes | 450/3 | €893 | €3,745 | +€2,851 | +319% |
| Remuneration and social security | 454/9 | €8,926 | €9,979 | +€1,053 | +11.8% |
| Other amounts payable | 47/48 | €30,363 | €186,671 | +€156,308 | +515% |
| Accrued charges and deferred income | 492/3 | €1,806 | €1,977 | +€171 | +9.5% |
| Remuneration, social security and pensions | 62 | €29,659 | €44,084 | +€14,425 | +48.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,052 | €13,282 | +€231 | +1.8% |
| Other operating charges | 640/8 | €3,320 | €2,163 | -€1,157 | -34.9% |
| Gross operating margin | 9900 | €82,412 | €102,333 | +€19,921 | +24.2% |
| Operating profit (loss) | 9901 | €36,381 | €42,803 | +€6,423 | +17.7% |
| Financial income | 75/76B | €498 | €562 | +€64 | +12.8% |
| Recurring financial income | 75 | €498 | €562 | +€64 | +12.8% |
| Financial charges | 65/66B | €3,571 | €3,703 | +€132 | +3.7% |
| Recurring financial charges | 65 | €3,571 | €3,703 | +€132 | +3.7% |
| Profit (loss) for the period before taxes | 9903 | €33,308 | €39,662 | +€6,354 | +19.1% |
| Income taxes | 67/77 | €7,137 | €11,550 | +€4,413 | +61.8% |
| Profit (loss) for the period | 9904 | €26,171 | €28,112 | +€1,942 | +7.4% |
| Profit (loss) for the period to be appropriated | 9905 | €26,171 | €28,112 | +€1,942 | +7.4% |
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 18 October 2026 via checked.be.