MIKKEL CONSULT: 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.
MIKKEL CONSULT
Largest movements
- Tangible fixed assets +€317,403
new in 2025: €317,403
- Receivables within one year +€93,652
up €93,652 (+20,333%), from €461 to €94,112
of which Other amounts receivable: +€68,496
- Debts after one year +€242,747
new in 2025: €242,747
- Reserves +€114,392
new in 2025: €114,392
- Other debts +€25,751
up €25,751 (+3,808%), from €676 to €26,427
- Current portion of long-term debt +€22,253
new in 2025: €22,253
- Tax, wage and social debts +€7,027
new in 2025: €7,027
of which Remuneration and social security: +€4,027
- Gross operating margin +€146,674
up €146,674, from -€3,263 to €143,411
- Taxes +€24,865
new in 2025: €24,865
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 | €2,583 | €416,388 | +€413,804 | +16,019% |
| Fixed assets | 21/28 | - | €317,403 | +€317,403 | |
| Tangible fixed assets | 22/27 | - | €317,403 | +€317,403 | |
| Land and buildings | 22 | - | €317,403 | +€317,403 | |
| Current assets | 29/58 | €2,583 | €98,984 | +€96,401 | +3,732% |
| Amounts receivable within one year | 40/41 | €461 | €94,112 | +€93,652 | +20,333% |
| Trade receivables | 40 | - | €25,156 | +€25,156 | |
| Other amounts receivable | 41 | €461 | €68,957 | +€68,496 | +14,871% |
| Cash at bank and in hand | 54/58 | €2,123 | €4,259 | +€2,137 | +101% |
| Deferred charges and accrued income | 490/1 | - | €613 | +€613 | |
| Total equity and liabilities | 10/49 | €2,583 | €416,388 | +€413,804 | +16,019% |
| Equity | 10/15 | -€263 | €117,392 | +€117,655 | |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | - | €114,392 | +€114,392 | |
| Distributable reserves | 133 | - | €114,392 | +€114,392 | |
| Profit (loss) carried forward | 14 | -€3,263 | - | +€3,263 | |
| Amounts payable | 17/49 | €2,846 | €298,995 | +€296,150 | +10,406% |
| Amounts payable after more than one year | 17 | - | €242,747 | +€242,747 | |
| Financial debts | 170/4 | - | €242,747 | +€242,747 | |
| Amounts payable within one year | 42/48 | €2,846 | €56,249 | +€53,403 | +1,876% |
| Current portion of amounts payable after more than one year | 42 | - | €22,253 | +€22,253 | |
| Trade debts | 44 | €2,170 | €542 | -€1,628 | -75.0% |
| Suppliers | 440/4 | €2,170 | €542 | -€1,628 | -75.0% |
| Taxes, remuneration and social security | 45 | - | €7,027 | +€7,027 | |
| Taxes | 450/3 | - | €3,000 | +€3,000 | |
| Remuneration and social security | 454/9 | - | €4,027 | +€4,027 | |
| Other amounts payable | 47/48 | €676 | €26,427 | +€25,751 | +3,808% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €297 | +€297 | |
| Other operating charges | 640/8 | - | €86 | +€86 | |
| Gross operating margin | 9900 | -€3,263 | €143,411 | +€146,674 | |
| Operating profit (loss) | 9901 | -€3,263 | €143,029 | +€146,291 | |
| Financial income | 75/76B | - | €272 | +€272 | |
| Recurring financial income | 75 | - | €272 | +€272 | |
| Financial charges | 65/66B | - | €781 | +€781 | |
| Recurring financial charges | 65 | - | €781 | +€781 | |
| Profit (loss) for the period before taxes | 9903 | -€3,263 | €142,520 | +€145,782 | |
| Income taxes | 67/77 | - | €24,865 | +€24,865 | |
| Profit (loss) for the period | 9904 | -€3,263 | €117,655 | +€120,918 | |
| Profit (loss) for the period to be appropriated | 9905 | -€3,263 | €117,655 | +€120,918 |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 13 October 2026 via checked.be.