Mikelo: 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.
Mikelo
Largest movements
- Cash -€2,801
down €2,801 (-61.5%), from €4,556 to €1,755
mainly Net result for the year (-€3,353)
- Profit (loss) carried forward -€3,353
down €3,353 (-13.6%), from -€24,611 to -€27,964
- Trade debts +€552
up €552 (+330%), from €167 to €720
- Gross operating margin +€10,725
up €10,725 (+80.0%), from -€13,400 to -€2,675
- Other operating charges -€1,073
down €1,073 (-67.0%), from €1,601 to €528
- Financial charges -€153
down €153 (-50.5%), from €303 to €150
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 | €4,556 | €1,755 | -€2,801 | -61.5% |
| Current assets | 29/58 | €4,556 | €1,755 | -€2,801 | -61.5% |
| Amounts receivable within one year | 40/41 | €0 | - | = | |
| Other amounts receivable | 41 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €4,556 | €1,755 | -€2,801 | -61.5% |
| Total equity and liabilities | 10/49 | €4,556 | €1,755 | -€2,801 | -61.5% |
| Equity | 10/15 | -€14,611 | -€17,964 | -€3,353 | -22.9% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€24,611 | -€27,964 | -€3,353 | -13.6% |
| Amounts payable | 17/49 | €19,167 | €19,720 | +€552 | +2.9% |
| Amounts payable within one year | 42/48 | €19,167 | €19,720 | +€552 | +2.9% |
| Trade debts | 44 | €167 | €720 | +€552 | +330% |
| Suppliers | 440/4 | €167 | €720 | +€552 | +330% |
| Other amounts payable | 47/48 | €19,000 | €19,000 | = | 0.0% |
| Other operating charges | 640/8 | €1,601 | €528 | -€1,073 | -67.0% |
| Gross operating margin | 9900 | -€13,400 | -€2,675 | +€10,725 | +80.0% |
| Operating profit (loss) | 9901 | -€15,001 | -€3,203 | +€11,798 | +78.6% |
| Financial charges | 65/66B | €303 | €150 | -€153 | -50.5% |
| Recurring financial charges | 65 | €303 | €150 | -€153 | -50.5% |
| Profit (loss) for the period before taxes | 9903 | -€15,304 | -€3,353 | +€11,951 | +78.1% |
| Profit (loss) for the period | 9904 | -€15,304 | -€3,353 | +€11,951 | +78.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€15,304 | -€3,353 | +€11,951 | +78.1% |
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 29 October 2026 via checked.be.