Mike & Lo: 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 & Lo
Largest movements
- Stocks and contracts +€8,412
up €8,412 (+80.3%), from €10,470 to €18,882
- Receivables within one year +€4,948
up €4,948 (+58.1%), from €8,519 to €13,468
of which Trade receivables: +€7,451
- Cash +€4,798
up €4,798 (+43.1%), from €11,127 to €15,925
mainly Trade debts (+€10,929) and Tax, wage and social debts (+€4,756)
- Tangible fixed assets -€2,501
down €2,501 (-10.5%), from €23,833 to €21,332
of which Plant, machinery and equipment: -€3,031
- Trade debts +€10,929
up €10,929 (+30.5%), from €35,845 to €46,774
of which Suppliers: +€11,279
- Tax, wage and social debts +€4,756
up €4,756 (+423.3%), from €1,124 to €5,880
of which Taxes: +€3,269
- Profit (loss) carried forward +€3,402
up €3,402 (+88.8%), from -€3,833 to -€431
- Other debts -€2,402
down €2,402 (-68.9%), from €3,488 to €1,087
- Accrued charges and deferred income -€1,707
no longer reported in 2024 (was €1,707)
- Gross operating margin +€20,960
up €20,960 (+318.6%), from €6,579 to €27,539
- Staff costs +€8,107
up €8,107 (+100.4%), from €8,078 to €16,184
- Depreciation +€3,123
up €3,123 (+210.0%), from €1,487 to €4,611
- Other operating charges +€1,563
up €1,563 (+305.3%), from €512 to €2,075
- Financial charges +€1,105
up €1,105 (+322.7%), from €342 to €1,448
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €55,831 | €70,810 | +€14,979 | +26.8% |
| Formation expenses | 20 | €990 | €586 | -€404 | -40.8% |
| Fixed assets | 21/28 | €24,450 | €21,949 | -€2,501 | -10.2% |
| Tangible fixed assets | 22/27 | €23,833 | €21,332 | -€2,501 | -10.5% |
| Plant, machinery and equipment | 23 | €20,469 | €17,437 | -€3,031 | -14.8% |
| Furniture and vehicles | 24 | €3,364 | €3,894 | +€530 | +15.8% |
| Financial fixed assets | 28 | €618 | €618 | = | 0.0% |
| Current assets | 29/58 | €30,390 | €48,275 | +€17,885 | +58.9% |
| Stocks and contracts in progress | 3 | €10,470 | €18,882 | +€8,412 | +80.3% |
| Stocks | 30/36 | €10,470 | €18,882 | +€8,412 | +80.3% |
| Amounts receivable within one year | 40/41 | €8,519 | €13,468 | +€4,948 | +58.1% |
| Trade receivables | 40 | €6,017 | €13,468 | +€7,451 | +123.8% |
| Other amounts receivable | 41 | €2,502 | - | -€2,502 | |
| Cash at bank and in hand | 54/58 | €11,127 | €15,925 | +€4,798 | +43.1% |
| Deferred charges and accrued income | 490/1 | €274 | - | -€274 | |
| Total equity and liabilities | 10/49 | €55,831 | €70,810 | +€14,979 | +26.8% |
| Equity | 10/15 | €13,667 | €17,069 | +€3,402 | +24.9% |
| Contributions | 10/11 | €17,500 | €17,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€3,833 | -€431 | +€3,402 | +88.8% |
| Amounts payable | 17/49 | €42,164 | €53,740 | +€11,577 | +27.5% |
| Amounts payable within one year | 42/48 | €40,457 | €53,740 | +€13,284 | +32.8% |
| Trade debts | 44 | €35,845 | €46,774 | +€10,929 | +30.5% |
| Suppliers | 440/4 | €35,495 | €46,774 | +€11,279 | +31.8% |
| Bills of exchange payable | 441 | €350 | - | -€350 | |
| Taxes, remuneration and social security | 45 | €1,124 | €5,880 | +€4,756 | +423.3% |
| Taxes | 450/3 | - | €3,269 | +€3,269 | |
| Remuneration and social security | 454/9 | €1,124 | €2,611 | +€1,487 | +132.3% |
| Other amounts payable | 47/48 | €3,488 | €1,087 | -€2,402 | -68.9% |
| Accrued charges and deferred income | 492/3 | €1,707 | - | -€1,707 | |
| Remuneration, social security and pensions | 62 | €8,078 | €16,184 | +€8,107 | +100.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,487 | €4,611 | +€3,123 | +210.0% |
| Other operating charges | 640/8 | €512 | €2,075 | +€1,563 | +305.3% |
| Gross operating margin | 9900 | €6,579 | €27,539 | +€20,960 | +318.6% |
| Operating profit (loss) | 9901 | -€3,498 | €4,669 | +€8,167 | |
| Financial income | 75/76B | €8 | €181 | +€174 | +2230.6% |
| Recurring financial income | 75 | €8 | €181 | +€174 | +2230.6% |
| Financial charges | 65/66B | €342 | €1,448 | +€1,105 | +322.7% |
| Recurring financial charges | 65 | €342 | €1,448 | +€1,105 | +322.7% |
| Profit (loss) for the period before taxes | 9903 | -€3,833 | €3,402 | +€7,235 | |
| Profit (loss) for the period | 9904 | -€3,833 | €3,402 | +€7,235 | |
| Profit (loss) for the period to be appropriated | 9905 | -€3,833 | €3,402 | +€7,235 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.