MIKAZA: 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.
MIKAZA
Largest movements
- Tangible fixed assets +€14,653
up €14,653 (+58.6%), from €24,996 to €39,649
of which Land and buildings: +€15,153
- Receivables within one year +€6,532
up €6,532 (+19.6%), from €33,358 to €39,891
of which Other amounts receivable: +€6,532
- Cash +€2,689
up €2,689 (+75.4%), from €3,568 to €6,258
mainly Trade debts (+€17,923) and Net result for the year (+€6,816)
- Trade debts +€17,923
up €17,923 (+9,197%), from €195 to €18,118
- Profit (loss) carried forward +€6,816
up €6,816 (+30.2%), from €22,596 to €29,412
- Debts after one year -€2,507
down €2,507 (-18.4%), from €13,622 to €11,114
- Tax, wage and social debts +€2,076
up €2,076 (+89.5%), from €2,319 to €4,396
- Gross operating margin +€3,240
up €3,240 (+29.8%), from €10,870 to €14,110
- Depreciation +€1,737
up €1,737 (+177%), from €980 to €2,717
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 | €61,923 | €86,271 | +€24,347 | +39.3% |
| Fixed assets | 21/28 | €24,996 | €39,649 | +€14,653 | +58.6% |
| Tangible fixed assets | 22/27 | €24,996 | €39,649 | +€14,653 | +58.6% |
| Land and buildings | 22 | €23,935 | €39,088 | +€15,153 | +63.3% |
| Furniture and vehicles | 24 | €1,062 | €562 | -€500 | -47.1% |
| Current assets | 29/58 | €36,927 | €46,621 | +€9,694 | +26.3% |
| Amounts receivable within one year | 40/41 | €33,358 | €39,891 | +€6,532 | +19.6% |
| Trade receivables | 40 | €17,371 | €17,371 | = | 0.0% |
| Other amounts receivable | 41 | €15,988 | €22,520 | +€6,532 | +40.9% |
| Cash at bank and in hand | 54/58 | €3,568 | €6,258 | +€2,689 | +75.4% |
| Deferred charges and accrued income | 490/1 | - | €473 | +€473 | |
| Total equity and liabilities | 10/49 | €61,923 | €86,271 | +€24,347 | +39.3% |
| Equity | 10/15 | €43,320 | €50,135 | +€6,816 | +15.7% |
| Contributions | 10/11 | €20,724 | €20,724 | = | 0.0% |
| Profit (loss) carried forward | 14 | €22,596 | €29,412 | +€6,816 | +30.2% |
| Amounts payable | 17/49 | €18,604 | €36,135 | +€17,532 | +94.2% |
| Amounts payable after more than one year | 17 | €13,622 | €11,114 | -€2,507 | -18.4% |
| Financial debts | 170/4 | €13,622 | €11,114 | -€2,507 | -18.4% |
| Amounts payable within one year | 42/48 | €4,982 | €25,021 | +€20,039 | +402% |
| Current portion of amounts payable after more than one year | 42 | €2,468 | €2,507 | +€40 | +1.6% |
| Trade debts | 44 | €195 | €18,118 | +€17,923 | +9,197% |
| Suppliers | 440/4 | €195 | €18,118 | +€17,923 | +9,197% |
| Taxes, remuneration and social security | 45 | €2,319 | €4,396 | +€2,076 | +89.5% |
| Taxes | 450/3 | €2,319 | €4,396 | +€2,076 | +89.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €980 | €2,717 | +€1,737 | +177% |
| Other operating charges | 640/8 | €2,082 | €2,150 | +€68 | +3.3% |
| Gross operating margin | 9900 | €10,870 | €14,110 | +€3,240 | +29.8% |
| Operating profit (loss) | 9901 | €7,809 | €9,244 | +€1,435 | +18.4% |
| Financial charges | 65/66B | €387 | €352 | -€35 | -9.1% |
| Recurring financial charges | 65 | €387 | €352 | -€35 | -9.1% |
| Profit (loss) for the period before taxes | 9903 | €7,422 | €8,892 | +€1,470 | +19.8% |
| Income taxes | 67/77 | €2,098 | €2,076 | -€21 | -1.0% |
| Profit (loss) for the period | 9904 | €5,324 | €6,816 | +€1,492 | +28.0% |
| Profit (loss) for the period to be appropriated | 9905 | €5,324 | €6,816 | +€1,492 | +28.0% |
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 24 October 2026 via checked.be.