MIKE 168: 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.
MIKE 168
Largest movements
- Tangible fixed assets +€24,923
up €24,923 (+66.0%), from €37,778 to €62,701
of which Furniture and vehicles: +€26,318
- Cash -€7,577
down €7,577 (-46.2%), from €16,384 to €8,807
mainly Investment in fixed assets (net) (-€29,352) and Current portion of long-term debt (-€2,436)
- Receivables within one year -€4,250
down €4,250 (-72.2%), from €5,884 to €1,634
of which Other amounts receivable: -€4,250
- Stocks and contracts +€1,126
up €1,126 (+26.4%), from €4,265 to €5,391
- Debts after one year +€13,247
up €13,247 (+186%), from €7,126 to €20,373
- Profit (loss) carried forward +€3,195
up €3,195 (+62.0%), from -€5,156 to -€1,961
- Current portion of long-term debt -€2,436
down €2,436 (-34.5%), from €7,063 to €4,627
- Tax, wage and social debts +€1,584
up €1,584 (+20.2%), from €7,855 to €9,439
of which Remuneration and social security: +€2,374
- Trade debts -€1,368
down €1,368 (-12.2%), from €11,233 to €9,864
- Gross operating margin +€7,733
up €7,733 (+22.8%), from €33,979 to €41,712
- Staff costs +€4,141
up €4,141 (+19.8%), from €20,917 to €25,058
- Other operating charges -€2,857
down €2,857 (-27.7%), from €10,310 to €7,452
- Depreciation +€1,152
up €1,152 (+35.2%), from €3,277 to €4,430
- Taxes +€778
up €778 (+132%), from €588 to €1,365
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 | €90,561 | €104,782 | +€14,221 | +15.7% |
| Fixed assets | 21/28 | €64,028 | €88,951 | +€24,923 | +38.9% |
| Intangible fixed assets | 21 | €26,250 | €26,250 | = | 0.0% |
| Tangible fixed assets | 22/27 | €37,778 | €62,701 | +€24,923 | +66.0% |
| Land and buildings | 22 | €1,073 | €103 | -€970 | -90.4% |
| Plant, machinery and equipment | 23 | €5,941 | €5,516 | -€425 | -7.2% |
| Furniture and vehicles | 24 | €30,763 | €57,081 | +€26,318 | +85.5% |
| Current assets | 29/58 | €26,533 | €15,831 | -€10,701 | -40.3% |
| Stocks and contracts in progress | 3 | €4,265 | €5,391 | +€1,126 | +26.4% |
| Stocks | 30/36 | €4,265 | €5,391 | +€1,126 | +26.4% |
| Amounts receivable within one year | 40/41 | €5,884 | €1,634 | -€4,250 | -72.2% |
| Trade receivables | 40 | €0 | - | -€0 | |
| Other amounts receivable | 41 | €5,884 | €1,634 | -€4,250 | -72.2% |
| Cash at bank and in hand | 54/58 | €16,384 | €8,807 | -€7,577 | -46.2% |
| Total equity and liabilities | 10/49 | €90,561 | €104,782 | +€14,221 | +15.7% |
| Equity | 10/15 | €44,844 | €48,039 | +€3,195 | +7.1% |
| Contributions | 10/11 | €50,000 | €50,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€5,156 | -€1,961 | +€3,195 | +62.0% |
| Amounts payable | 17/49 | €45,716 | €56,743 | +€11,027 | +24.1% |
| Amounts payable after more than one year | 17 | €7,126 | €20,373 | +€13,247 | +186% |
| Financial debts | 170/4 | €7,126 | €20,373 | +€13,247 | +186% |
| Amounts payable within one year | 42/48 | €38,590 | €36,370 | -€2,220 | -5.8% |
| Current portion of amounts payable after more than one year | 42 | €7,063 | €4,627 | -€2,436 | -34.5% |
| Trade debts | 44 | €11,233 | €9,864 | -€1,368 | -12.2% |
| Suppliers | 440/4 | €11,233 | €9,864 | -€1,368 | -12.2% |
| Taxes, remuneration and social security | 45 | €7,855 | €9,439 | +€1,584 | +20.2% |
| Taxes | 450/3 | €3,704 | €2,914 | -€791 | -21.3% |
| Remuneration and social security | 454/9 | €4,150 | €6,525 | +€2,374 | +57.2% |
| Other amounts payable | 47/48 | €12,440 | €12,440 | = | 0.0% |
| Non-recurring operating income | 76A | - | €467 | +€467 | |
| Remuneration, social security and pensions | 62 | €20,917 | €25,058 | +€4,141 | +19.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,277 | €4,430 | +€1,152 | +35.2% |
| Other operating charges | 640/8 | €10,310 | €7,452 | -€2,857 | -27.7% |
| Gross operating margin | 9900 | €33,979 | €41,712 | +€7,733 | +22.8% |
| Operating profit (loss) | 9901 | -€525 | €4,772 | +€5,297 | |
| Financial income | 75/76B | €6 | €125 | +€120 | +2,150% |
| Recurring financial income | 75 | €6 | €125 | +€120 | +2,150% |
| Financial charges | 65/66B | €205 | €337 | +€132 | +64.4% |
| Recurring financial charges | 65 | €205 | €337 | +€132 | +64.4% |
| Profit (loss) for the period before taxes | 9903 | -€724 | €4,560 | +€5,284 | |
| Income taxes | 67/77 | €588 | €1,365 | +€778 | +132% |
| Profit (loss) for the period | 9904 | -€1,312 | €3,195 | +€4,506 | |
| Profit (loss) for the period to be appropriated | 9905 | -€1,312 | €3,195 | +€4,506 |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 October 2026 via checked.be.