MIKATRA: what changed
Two fiscal 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.
MIKATRA
Largest movements
- Tangible fixed assets -€61,093
down €61,093 (-31.5%), from €193,670 to €132,577
- Current investments +€18,182
up €18,182 (+45.2%), from €40,209 to €58,392
- Receivables within one year -€5,406
down €5,406 (-12.6%), from €42,793 to €37,387
of which Other amounts receivable: -€6,313
- Debts after one year -€28,539
down €28,539 (-38.8%), from €73,603 to €45,063
- Other debts -€15,942
no longer reported in 2025 (was €15,942)
- Current portion of long-term debt -€3,930
down €3,930 (-12.1%), from €32,470 to €28,539
- Gross operating margin -€12,298
down €12,298 (-12.8%), from €96,042 to €83,744
- Taxes -€2,793
down €2,793 (-83.6%), from €3,342 to €549
- Other operating charges +€1,849
up €1,849 (+15.2%), from €12,202 to €14,051
- Financial charges -€1,267
down €1,267 (-24.1%), from €5,261 to €3,995
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 | €286,200 | €236,648 | -€49,552 | -17.3% |
| Fixed assets | 21/28 | €193,905 | €132,812 | -€61,093 | -31.5% |
| Tangible fixed assets | 22/27 | €193,670 | €132,577 | -€61,093 | -31.5% |
| Furniture and vehicles | 24 | €193,670 | €132,577 | -€61,093 | -31.5% |
| Financial fixed assets | 28 | €235 | €235 | = | 0.0% |
| Current assets | 29/58 | €92,295 | €103,835 | +€11,540 | +12.5% |
| Amounts receivable within one year | 40/41 | €42,793 | €37,387 | -€5,406 | -12.6% |
| Trade receivables | 40 | €34,148 | €35,055 | +€907 | +2.7% |
| Other amounts receivable | 41 | €8,645 | €2,332 | -€6,313 | -73.0% |
| Current investments | 50/53 | €40,209 | €58,392 | +€18,182 | +45.2% |
| Cash at bank and in hand | 54/58 | €888 | €1,649 | +€762 | +85.8% |
| Deferred charges and accrued income | 490/1 | €8,406 | €6,408 | -€1,998 | -23.8% |
| Total equity and liabilities | 10/49 | €286,200 | €236,648 | -€49,552 | -17.3% |
| Equity | 10/15 | €151,555 | €151,986 | +€431 | +0.3% |
| Contributions | 10/11 | €50,000 | €50,000 | = | 0.0% |
| Reserves | 13 | €88,864 | €88,864 | = | 0.0% |
| Distributable reserves | 133 | €88,864 | €88,864 | = | 0.0% |
| Profit (loss) carried forward | 14 | €12,691 | €13,122 | +€431 | +3.4% |
| Amounts payable | 17/49 | €134,645 | €84,662 | -€49,984 | -37.1% |
| Amounts payable after more than one year | 17 | €73,603 | €45,063 | -€28,539 | -38.8% |
| Financial debts | 170/4 | €73,603 | €45,063 | -€28,539 | -38.8% |
| Amounts payable within one year | 42/48 | €61,043 | €39,450 | -€21,593 | -35.4% |
| Current portion of amounts payable after more than one year | 42 | €32,470 | €28,539 | -€3,930 | -12.1% |
| Financial debts | 43 | €1,878 | €2,340 | +€462 | +24.6% |
| Credit institutions | 430/8 | €1,878 | €2,340 | +€462 | +24.6% |
| Trade debts | 44 | €7,181 | €6,478 | -€703 | -9.8% |
| Suppliers | 440/4 | €7,181 | €6,478 | -€703 | -9.8% |
| Taxes, remuneration and social security | 45 | €3,571 | €2,093 | -€1,479 | -41.4% |
| Taxes | 450/3 | €3,571 | €2,093 | -€1,479 | -41.4% |
| Other amounts payable | 47/48 | €15,942 | - | -€15,942 | |
| Accrued charges and deferred income | 492/3 | - | €149 | +€149 | |
| Non-recurring operating income | 76A | €35,356 | - | -€35,356 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €65,412 | €65,500 | +€88 | +0.1% |
| Other operating charges | 640/8 | €12,202 | €14,051 | +€1,849 | +15.2% |
| Gross operating margin | 9900 | €96,042 | €83,744 | -€12,298 | -12.8% |
| Operating profit (loss) | 9901 | €18,428 | €4,194 | -€14,235 | -77.2% |
| Financial income | 75/76B | €472 | €781 | +€309 | +65.4% |
| Recurring financial income | 75 | €472 | €781 | +€309 | +65.4% |
| Financial charges | 65/66B | €5,261 | €3,995 | -€1,267 | -24.1% |
| Recurring financial charges | 65 | €5,261 | €3,995 | -€1,267 | -24.1% |
| Profit (loss) for the period before taxes | 9903 | €13,639 | €980 | -€12,659 | -92.8% |
| Income taxes | 67/77 | €3,342 | €549 | -€2,793 | -83.6% |
| Profit (loss) for the period | 9904 | €10,297 | €431 | -€9,866 | -95.8% |
| Profit (loss) for the period to be appropriated | 9905 | €10,297 | €431 | -€9,866 | -95.8% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.