MIKATEX: 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.
MIKATEX
Largest movements
- Stocks and contracts -€23,068
down €23,068 (-18.5%), from €124,701 to €101,633
- Tangible fixed assets -€6,117
down €6,117 (-60.0%), from €10,201 to €4,083
of which Furniture and vehicles: -€3,806
- Cash -€3,317
down €3,317 (-17.6%), from €18,864 to €15,548
mainly Tax, wage and social debts (-€24,414) and Trade debts (-€15,953)
- Tax, wage and social debts -€24,414
down €24,414 (-56.5%), from €43,195 to €18,781
of which Remuneration and social security: -€26,565
- Trade debts -€15,953
down €15,953 (-12.6%), from €126,829 to €110,876
- Profit (loss) carried forward +€5,235
up €5,235 (+14.7%), from -€35,720 to -€30,485
- Other debts +€2,944
new in 2025: €2,944
- Gross operating margin +€79,158
up €79,158 (+586.9%), from €13,488 to €92,646
- Staff costs -€19,304
down €19,304 (-22.7%), from €84,998 to €65,694
- Other operating charges -€1,598
down €1,598 (-23.3%), from €6,853 to €5,255
- Financial charges -€1,557
down €1,557 (-13.6%), from €11,416 to €9,859
- Taxes +€1,065
up €1,065, from -€579 to €486
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 | €154,756 | €122,567 | -€32,189 | -20.8% |
| Fixed assets | 21/28 | €11,191 | €5,073 | -€6,117 | -54.7% |
| Tangible fixed assets | 22/27 | €10,201 | €4,083 | -€6,117 | -60.0% |
| Land and buildings | 22 | €1,876 | - | -€1,876 | |
| Furniture and vehicles | 24 | €7,124 | €3,318 | -€3,806 | -53.4% |
| Other tangible fixed assets | 26 | €1,201 | €765 | -€435 | -36.2% |
| Financial fixed assets | 28 | €990 | €990 | = | 0.0% |
| Current assets | 29/58 | €143,565 | €117,494 | -€26,071 | -18.2% |
| Stocks and contracts in progress | 3 | €124,701 | €101,633 | -€23,068 | -18.5% |
| Stocks | 30/36 | €124,701 | €101,633 | -€23,068 | -18.5% |
| Amounts receivable within one year | 40/41 | - | €314 | +€314 | |
| Trade receivables | 40 | - | €314 | +€314 | |
| Cash at bank and in hand | 54/58 | €18,864 | €15,548 | -€3,317 | -17.6% |
| Total equity and liabilities | 10/49 | €154,756 | €122,567 | -€32,189 | -20.8% |
| Equity | 10/15 | -€15,268 | -€10,033 | +€5,235 | +34.3% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €1,859 | €1,859 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€35,720 | -€30,485 | +€5,235 | +14.7% |
| Amounts payable | 17/49 | €170,024 | €132,601 | -€37,424 | -22.0% |
| Amounts payable within one year | 42/48 | €170,024 | €132,601 | -€37,424 | -22.0% |
| Trade debts | 44 | €126,829 | €110,876 | -€15,953 | -12.6% |
| Suppliers | 440/4 | €126,829 | €110,876 | -€15,953 | -12.6% |
| Taxes, remuneration and social security | 45 | €43,195 | €18,781 | -€24,414 | -56.5% |
| Taxes | 450/3 | €11,171 | €13,321 | +€2,151 | +19.3% |
| Remuneration and social security | 454/9 | €32,025 | €5,460 | -€26,565 | -83.0% |
| Other amounts payable | 47/48 | - | €2,944 | +€2,944 | |
| Remuneration, social security and pensions | 62 | €84,998 | €65,694 | -€19,304 | -22.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,774 | €6,117 | +€343 | +5.9% |
| Other operating charges | 640/8 | €6,853 | €5,255 | -€1,598 | -23.3% |
| Gross operating margin | 9900 | €13,488 | €92,646 | +€79,158 | +586.9% |
| Operating profit (loss) | 9901 | -€84,137 | €15,580 | +€99,717 | |
| Financial charges | 65/66B | €11,416 | €9,859 | -€1,557 | -13.6% |
| Recurring financial charges | 65 | €11,416 | €9,859 | -€1,557 | -13.6% |
| Profit (loss) for the period before taxes | 9903 | -€95,553 | €5,721 | +€101,273 | |
| Income taxes | 67/77 | -€579 | €486 | +€1,065 | |
| Profit (loss) for the period | 9904 | -€94,974 | €5,235 | +€100,209 | |
| Profit (loss) for the period to be appropriated | 9905 | -€94,974 | €5,235 | +€100,209 |
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 12 October 2026 via checked.be.