MIKEMUKA: 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.
MIKEMUKA
Largest movements
- Tangible fixed assets -€40,907
down €40,907 (-17.9%), from €228,452 to €187,545
of which Land and buildings: -€32,016
- Receivables within one year -€14,747
down €14,747 (-65.8%), from €22,395 to €7,648
of which Trade receivables: -€11,921
- Debts after one year -€34,734
down €34,734 (-22.2%), from €156,673 to €121,939
- Trade debts -€13,217
down €13,217 (-54.9%), from €24,065 to €10,848
- Other debts -€11,943
down €11,943 (-35.2%), from €33,937 to €21,994
- Profit (loss) carried forward +€3,220
up €3,220 (+13.7%), from -€23,496 to -€20,276
- Gross operating margin -€18,504
down €18,504 (-20.9%), from €88,448 to €69,945
- Financial charges -€3,765
down €3,765 (-45.1%), from €8,347 to €4,582
- Depreciation +€2,388
up €2,388 (+4.5%), from €53,310 to €55,698
- Taxes -€1,666
down €1,666 (-50.8%), from €3,282 to €1,616
- Other operating charges +€1,095
up €1,095 (+29.3%), from €3,733 to €4,828
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
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 | €265,605 | €211,365 | -€54,241 | -20.4% |
| Fixed assets | 21/28 | €228,452 | €187,545 | -€40,907 | -17.9% |
| Tangible fixed assets | 22/27 | €228,452 | €187,545 | -€40,907 | -17.9% |
| Land and buildings | 22 | €159,888 | €127,872 | -€32,016 | -20.0% |
| Plant, machinery and equipment | 23 | €28,439 | €24,013 | -€4,426 | -15.6% |
| Furniture and vehicles | 24 | €40,125 | €35,660 | -€4,464 | -11.1% |
| Current assets | 29/58 | €37,154 | €23,820 | -€13,334 | -35.9% |
| Amounts receivable within one year | 40/41 | €22,395 | €7,648 | -€14,747 | -65.8% |
| Trade receivables | 40 | €13,184 | €1,263 | -€11,921 | -90.4% |
| Other amounts receivable | 41 | €9,212 | €6,386 | -€2,826 | -30.7% |
| Cash at bank and in hand | 54/58 | €14,758 | €16,171 | +€1,413 | +9.6% |
| Total equity and liabilities | 10/49 | €265,605 | €211,365 | -€54,241 | -20.4% |
| Equity | 10/15 | -€4,896 | -€1,676 | +€3,220 | +65.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€23,496 | -€20,276 | +€3,220 | +13.7% |
| Amounts payable | 17/49 | €270,502 | €213,041 | -€57,461 | -21.2% |
| Amounts payable after more than one year | 17 | €156,673 | €121,939 | -€34,734 | -22.2% |
| Financial debts | 170/4 | €156,673 | €121,939 | -€34,734 | -22.2% |
| Amounts payable within one year | 42/48 | €113,829 | €91,102 | -€22,726 | -20.0% |
| Current portion of amounts payable after more than one year | 42 | €52,545 | €53,362 | +€817 | +1.6% |
| Trade debts | 44 | €24,065 | €10,848 | -€13,217 | -54.9% |
| Suppliers | 440/4 | €24,065 | €10,848 | -€13,217 | -54.9% |
| Taxes, remuneration and social security | 45 | €3,282 | €4,899 | +€1,616 | +49.2% |
| Taxes | 450/3 | €3,282 | €4,899 | +€1,616 | +49.2% |
| Other amounts payable | 47/48 | €33,937 | €21,994 | -€11,943 | -35.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €53,310 | €55,698 | +€2,388 | +4.5% |
| Other operating charges | 640/8 | €3,733 | €4,828 | +€1,095 | +29.3% |
| Gross operating margin | 9900 | €88,448 | €69,945 | -€18,504 | -20.9% |
| Operating profit (loss) | 9901 | €31,405 | €9,419 | -€21,987 | -70.0% |
| Financial charges | 65/66B | €8,347 | €4,582 | -€3,765 | -45.1% |
| Recurring financial charges | 65 | €8,347 | €4,582 | -€3,765 | -45.1% |
| Profit (loss) for the period before taxes | 9903 | €23,058 | €4,836 | -€18,222 | -79.0% |
| Income taxes | 67/77 | €3,282 | €1,616 | -€1,666 | -50.8% |
| Profit (loss) for the period | 9904 | €19,776 | €3,220 | -€16,556 | -83.7% |
| Profit (loss) for the period to be appropriated | 9905 | €19,776 | €3,220 | -€16,556 | -83.7% |
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 6 October 2026 via checked.be.