MIKINAKE: 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.
MIKINAKE
Largest movements
- Tangible fixed assets +€22,704
up €22,704 (+1638.5%), from €1,386 to €24,090
of which Furniture and vehicles: +€21,652
- Receivables within one year -€13,440
down €13,440 (-33.0%), from €40,719 to €27,280
of which Trade receivables: -€12,193
- Deferred charges and accrued income -€3,297
no longer reported in 2025 (was €3,297)
- Cash +€1,919
up €1,919 (+9.6%), from €19,951 to €21,869
mainly Debts after one year (+€14,456) and Receivables within one year (+€13,440)
- Reserves -€19,911
down €19,911 (-57.3%), from €34,771 to €14,860
of which Distributable reserves: -€19,911
- Profit (loss) carried forward +€17,212
new in 2025: €17,212
- Debts after one year +€14,456
new in 2025: €14,456
- Current portion of long-term debt +€6,520
new in 2025: €6,520
- Trade debts -€5,748
down €5,748 (-71.5%), from €8,035 to €2,287
- Depreciation +€8,510
up €8,510 (+3436.1%), from €248 to €8,757
- Taxes -€3,540
down €3,540, from €2,859 to -€681
- Gross operating margin -€1,583
down €1,583 (-19.5%), from €8,131 to €6,548
- Financial charges +€1,483
up €1,483 (+551.9%), from €269 to €1,751
- Financial income +€1,411
new in 2025: €1,411
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 | €65,353 | €73,239 | +€7,885 | +12.1% |
| Fixed assets | 21/28 | €1,386 | €24,090 | +€22,704 | +1638.5% |
| Tangible fixed assets | 22/27 | €1,386 | €24,090 | +€22,704 | +1638.5% |
| Plant, machinery and equipment | 23 | - | €1,052 | +€1,052 | |
| Furniture and vehicles | 24 | €1,386 | €23,037 | +€21,652 | +1562.6% |
| Current assets | 29/58 | €63,968 | €49,149 | -€14,819 | -23.2% |
| Amounts receivable within one year | 40/41 | €40,719 | €27,280 | -€13,440 | -33.0% |
| Trade receivables | 40 | €12,193 | - | -€12,193 | |
| Other amounts receivable | 41 | €28,527 | €27,280 | -€1,247 | -4.4% |
| Cash at bank and in hand | 54/58 | €19,951 | €21,869 | +€1,919 | +9.6% |
| Deferred charges and accrued income | 490/1 | €3,297 | - | -€3,297 | |
| Total equity and liabilities | 10/49 | €65,353 | €73,239 | +€7,885 | +12.1% |
| Equity | 10/15 | €41,071 | €38,372 | -€2,699 | -6.6% |
| Contributions | 10/11 | €6,300 | €6,300 | = | 0.0% |
| Capital | 10 | €6,300 | €6,300 | = | 0.0% |
| Issued capital | 100 | €18,600 | €18,600 | = | 0.0% |
| Uncalled capital | 101 | €12,300 | €12,300 | = | 0.0% |
| Reserves | 13 | €34,771 | €14,860 | -€19,911 | -57.3% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Legal reserve | 130 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €32,911 | €13,000 | -€19,911 | -60.5% |
| Profit (loss) carried forward | 14 | - | €17,212 | +€17,212 | |
| Amounts payable | 17/49 | €24,283 | €34,867 | +€10,585 | +43.6% |
| Amounts payable after more than one year | 17 | - | €14,456 | +€14,456 | |
| Financial debts | 170/4 | - | €14,456 | +€14,456 | |
| Amounts payable within one year | 42/48 | €23,833 | €20,411 | -€3,422 | -14.4% |
| Current portion of amounts payable after more than one year | 42 | - | €6,520 | +€6,520 | |
| Trade debts | 44 | €8,035 | €2,287 | -€5,748 | -71.5% |
| Suppliers | 440/4 | €8,035 | €2,287 | -€5,748 | -71.5% |
| Taxes, remuneration and social security | 45 | €15,798 | €11,604 | -€4,194 | -26.5% |
| Taxes | 450/3 | €15,798 | €11,604 | -€4,194 | -26.5% |
| Accrued charges and deferred income | 492/3 | €450 | - | -€450 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €248 | €8,757 | +€8,510 | +3436.1% |
| Other operating charges | 640/8 | - | €830 | +€830 | |
| Non-recurring operating charges | 66A | €1,238 | - | -€1,238 | |
| Gross operating margin | 9900 | €8,131 | €6,548 | -€1,583 | -19.5% |
| Operating profit (loss) | 9901 | €6,645 | -€3,040 | -€9,685 | |
| Financial income | 75/76B | - | €1,411 | +€1,411 | |
| Recurring financial income | 75 | - | €1,411 | +€1,411 | |
| Financial charges | 65/66B | €269 | €1,751 | +€1,483 | +551.9% |
| Recurring financial charges | 65 | €269 | €1,751 | +€1,483 | +551.9% |
| Profit (loss) for the period before taxes | 9903 | €6,377 | -€3,380 | -€9,757 | |
| Income taxes | 67/77 | €2,859 | -€681 | -€3,540 | |
| Profit (loss) for the period | 9904 | €3,518 | -€2,699 | -€6,217 | |
| Profit (loss) for the period to be appropriated | 9905 | €3,518 | -€2,699 | -€6,217 |
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 10 October 2026 via checked.be.