Mike Construct: 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.
Mike Construct
Largest movements
- Receivables within one year -€15,562
no longer reported in 2025 (was €15,562)
of which Trade receivables: -€15,311
- Stocks and contracts +€2,000
up €2,000 (+13.3%), from €15,000 to €17,000
- Advances received -€10,849
no longer reported in 2025 (was €10,849)
- Other debts +€4,865
up €4,865 (+360.4%), from €1,350 to €6,215
- Trade debts -€4,750
down €4,750 (-69.8%), from €6,802 to €2,052
- Short-term financial debts -€1,936
down €1,936 (-38.1%), from €5,086 to €3,150
- Tax, wage and social debts -€1,555
down €1,555 (-56.0%), from €2,776 to €1,220
of which Remuneration and social security: -€1,200
- Purchases and services -€36,465
down €36,465 (-57.0%), from €63,947 to €27,482
- Gross operating margin -€2,922
down €2,922 (-52.7%), from €5,540 to €2,619
- Other operating charges -€1,607
down €1,607 (-60.2%), from €2,670 to €1,063
- Staff costs -€236
no longer reported in 2025 (was €236)
- Taxes +€179
new in 2025: €179
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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €31,540 | €17,636 | -€13,905 | -44.1% |
| Fixed assets | 21/28 | €323 | €83 | -€239 | -74.2% |
| Tangible fixed assets | 22/27 | €323 | €83 | -€239 | -74.2% |
| Plant, machinery and equipment | 23 | €323 | €83 | -€239 | -74.2% |
| Current assets | 29/58 | €31,218 | €17,553 | -€13,665 | -43.8% |
| Stocks and contracts in progress | 3 | €15,000 | €17,000 | +€2,000 | +13.3% |
| Contracts in progress | 37 | €15,000 | €17,000 | +€2,000 | +13.3% |
| Amounts receivable within one year | 40/41 | €15,562 | - | -€15,562 | |
| Trade receivables | 40 | €15,311 | - | -€15,311 | |
| Other amounts receivable | 41 | €251 | - | -€251 | |
| Deferred charges and accrued income | 490/1 | €655 | €553 | -€103 | -15.7% |
| Total equity and liabilities | 10/49 | €31,540 | €17,636 | -€13,905 | -44.1% |
| Equity | 10/15 | €4,678 | €4,999 | +€320 | +6.9% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €1,000 | €1,000 | = | 0.0% |
| Distributable reserves | 133 | €1,000 | €1,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €678 | €999 | +€320 | +47.3% |
| Amounts payable | 17/49 | €26,862 | €12,637 | -€14,225 | -53.0% |
| Amounts payable within one year | 42/48 | €26,862 | €12,637 | -€14,225 | -53.0% |
| Financial debts | 43 | €5,086 | €3,150 | -€1,936 | -38.1% |
| Credit institutions | 430/8 | €5,086 | €3,150 | -€1,936 | -38.1% |
| Trade debts | 44 | €6,802 | €2,052 | -€4,750 | -69.8% |
| Suppliers | 440/4 | €6,802 | €2,052 | -€4,750 | -69.8% |
| Advances received on contracts in progress | 46 | €10,849 | - | -€10,849 | |
| Taxes, remuneration and social security | 45 | €2,776 | €1,220 | -€1,555 | -56.0% |
| Taxes | 450/3 | €1,576 | €1,220 | -€355 | -22.6% |
| Remuneration and social security | 454/9 | €1,200 | - | -€1,200 | |
| Other amounts payable | 47/48 | €1,350 | €6,215 | +€4,865 | +360.4% |
| Goods, raw materials, services and sundry goods | 60/61 | €63,947 | €27,482 | -€36,465 | -57.0% |
| Remuneration, social security and pensions | 62 | €236 | - | -€236 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €239 | €239 | = | 0.0% |
| Other operating charges | 640/8 | €2,670 | €1,063 | -€1,607 | -60.2% |
| Gross operating margin | 9900 | €5,540 | €2,619 | -€2,922 | -52.7% |
| Operating profit (loss) | 9901 | €2,395 | €1,316 | -€1,078 | -45.0% |
| Financial charges | 65/66B | €737 | €817 | +€80 | +10.9% |
| Recurring financial charges | 65 | €737 | €817 | +€80 | +10.9% |
| Profit (loss) for the period before taxes | 9903 | €1,658 | €499 | -€1,158 | -69.9% |
| Income taxes | 67/77 | - | €179 | +€179 | |
| Profit (loss) for the period | 9904 | €1,658 | €320 | -€1,337 | -80.7% |
| Profit (loss) for the period to be appropriated | 9905 | €1,658 | €320 | -€1,337 | -80.7% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 September 2026 via checked.be.