MIKEPPE: 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.
MIKEPPE
Largest movements
- Tangible fixed assets -€1.4m
down €1.4m (-4.2%), from €33.0m to €31.6m
of which Land and buildings: -€972,819
- Cash -€1.1m
down €1.1m (-67.6%), from €1.6m to €527,654
mainly Other debts (-€9.7m) and Investment in fixed assets (net) (-€147,253)
- Receivables within one year -€461,362
down €461,362 (-62.4%), from €739,695 to €278,333
of which Trade receivables: -€437,926
- Other debts -€9.7m
down €9.7m (-75.6%), from €12.8m to €3.1m
- Debts after one year +€6.8m
up €6.8m (+31.0%), from €21.9m to €28.7m
of which Financial debts: +€6.7m
- Financial charges -€215,763
down €215,763 (-18.2%), from €1.2m to €972,439
- Financial income -€105,897
down €105,897 (-48.5%), from €218,319 to €112,422
- Other operating charges +€62,669
up €62,669 (+28.9%), from €216,895 to €279,564
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 | €35,575,741 | €32,694,167 | -€2.9m | -8.1% |
| Fixed assets | 21/28 | €32,992,716 | €31,594,882 | -€1.4m | -4.2% |
| Intangible fixed assets | 21 | €29,364 | €15,732 | -€13,632 | -46.4% |
| Tangible fixed assets | 22/27 | €32,963,352 | €31,579,150 | -€1.4m | -4.2% |
| Land and buildings | 22 | €28,853,760 | €27,880,941 | -€972,819 | -3.4% |
| Plant, machinery and equipment | 23 | €4,109,592 | €3,698,209 | -€411,383 | -10.0% |
| Current assets | 29/58 | €2,583,025 | €1,099,285 | -€1.5m | -57.4% |
| Amounts receivable within one year | 40/41 | €739,695 | €278,333 | -€461,362 | -62.4% |
| Trade receivables | 40 | €715,880 | €277,954 | -€437,926 | -61.2% |
| Other amounts receivable | 41 | €23,815 | €379 | -€23,436 | -98.4% |
| Cash at bank and in hand | 54/58 | €1,627,775 | €527,654 | -€1.1m | -67.6% |
| Deferred charges and accrued income | 490/1 | €215,555 | €293,298 | +€77,743 | +36.1% |
| Total equity and liabilities | 10/49 | €35,575,741 | €32,694,167 | -€2.9m | -8.1% |
| Equity | 10/15 | -€248,296 | -€136,802 | +€111,494 | +44.9% |
| Contributions | 10/11 | €500,000 | €500,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€748,296 | -€636,802 | +€111,494 | +14.9% |
| Amounts payable | 17/49 | €35,824,037 | €32,830,969 | -€3.0m | -8.4% |
| Amounts payable after more than one year | 17 | €21,876,465 | €28,650,123 | +€6.8m | +31.0% |
| Financial debts | 170/4 | €21,866,765 | €28,604,110 | +€6.7m | +30.8% |
| Other amounts payable | 178/9 | €9,700 | €46,013 | +€36,313 | +374% |
| Amounts payable within one year | 42/48 | €13,628,312 | €3,823,078 | -€9.8m | -71.9% |
| Current portion of amounts payable after more than one year | 42 | €43,260 | €5,925 | -€37,335 | -86.3% |
| Trade debts | 44 | €180,276 | €177,603 | -€2,673 | -1.5% |
| Suppliers | 440/4 | €180,276 | €177,603 | -€2,673 | -1.5% |
| Advances received on contracts in progress | 46 | €387,640 | €362,800 | -€24,840 | -6.4% |
| Taxes, remuneration and social security | 45 | €207,872 | €151,087 | -€56,785 | -27.3% |
| Taxes | 450/3 | €207,872 | €151,087 | -€56,785 | -27.3% |
| Other amounts payable | 47/48 | €12,809,265 | €3,125,663 | -€9.7m | -75.6% |
| Accrued charges and deferred income | 492/3 | €319,259 | €357,768 | +€38,509 | +12.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,529,930 | €1,545,086 | +€15,156 | +1.0% |
| Other operating charges | 640/8 | €216,895 | €279,564 | +€62,669 | +28.9% |
| Gross operating margin | 9900 | €2,800,365 | €2,796,162 | -€4,203 | -0.2% |
| Operating profit (loss) | 9901 | €1,053,540 | €971,512 | -€82,028 | -7.8% |
| Financial income | 75/76B | €218,319 | €112,422 | -€105,897 | -48.5% |
| Recurring financial income | 75 | €218,319 | €112,422 | -€105,897 | -48.5% |
| Financial charges | 65/66B | €1,188,202 | €972,439 | -€215,763 | -18.2% |
| Recurring financial charges | 65 | €1,188,202 | €972,439 | -€215,763 | -18.2% |
| Profit (loss) for the period before taxes | 9903 | €83,656 | €111,494 | +€27,838 | +33.3% |
| Profit (loss) for the period | 9904 | €83,656 | €111,494 | +€27,838 | +33.3% |
| Profit (loss) for the period to be appropriated | 9905 | €83,656 | €111,494 | +€27,838 | +33.3% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 20 October 2026 via checked.be.