MIKLO: 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.
MIKLO
Largest movements
- Cash -€6,383
down €6,383 (-96.4%), from €6,624 to €241
mainly Investment in fixed assets (net) (-€14,698) and Net result for the year (-€12,046)
- Receivables within one year +€2,722
up €2,722 (+39.3%), from €6,927 to €9,649
of which Other amounts receivable: +€1,662
- Profit (loss) carried forward -€12,046
down €12,046 (-37.3%), from -€32,256 to -€44,302
- Other debts +€4,807
up €4,807 (+23.2%), from €20,690 to €25,497
- Tax, wage and social debts +€3,243
up €3,243 (+265%), from €1,225 to €4,468
- Gross operating margin -€13,567
down €13,567 (-50.9%), from €26,642 to €13,075
- Other operating charges +€5,340
up €5,340 (+925%), from €577 to €5,917
- Depreciation +€3,216
up €3,216 (+25.5%), from €12,614 to €15,830
- Taxes +€2,017
up €2,017 (+165%), from €1,225 to €3,242
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 | €181,403 | €175,842 | -€5,561 | -3.1% |
| Fixed assets | 21/28 | €167,084 | €165,952 | -€1,132 | -0.7% |
| Tangible fixed assets | 22/27 | €167,084 | €165,952 | -€1,132 | -0.7% |
| Land and buildings | 22 | €147,927 | €151,621 | +€3,694 | +2.5% |
| Plant, machinery and equipment | 23 | €732 | €120 | -€612 | -83.6% |
| Furniture and vehicles | 24 | €18,425 | €14,211 | -€4,214 | -22.9% |
| Current assets | 29/58 | €14,319 | €9,890 | -€4,429 | -30.9% |
| Amounts receivable within one year | 40/41 | €6,927 | €9,649 | +€2,722 | +39.3% |
| Trade receivables | 40 | €4,267 | €5,327 | +€1,060 | +24.8% |
| Other amounts receivable | 41 | €2,660 | €4,322 | +€1,662 | +62.5% |
| Cash at bank and in hand | 54/58 | €6,624 | €241 | -€6,383 | -96.4% |
| Deferred charges and accrued income | 490/1 | €768 | - | -€768 | |
| Total equity and liabilities | 10/49 | €181,403 | €175,842 | -€5,561 | -3.1% |
| Equity | 10/15 | €157,799 | €145,753 | -€12,046 | -7.6% |
| Contributions | 10/11 | €179,723 | €179,723 | = | 0.0% |
| Capital | 10 | €179,723 | €179,723 | = | 0.0% |
| Issued capital | 100 | €179,723 | €179,723 | = | 0.0% |
| Reserves | 13 | €10,332 | €10,332 | = | 0.0% |
| Non-distributable reserves | 130/1 | €10,332 | €10,332 | = | 0.0% |
| Legal reserve | 130 | €10,332 | €10,332 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€32,256 | -€44,302 | -€12,046 | -37.3% |
| Amounts payable | 17/49 | €23,604 | €30,089 | +€6,485 | +27.5% |
| Amounts payable within one year | 42/48 | €23,604 | €30,089 | +€6,485 | +27.5% |
| Trade debts | 44 | €1,689 | €124 | -€1,565 | -92.7% |
| Suppliers | 440/4 | €1,689 | €124 | -€1,565 | -92.7% |
| Taxes, remuneration and social security | 45 | €1,225 | €4,468 | +€3,243 | +265% |
| Taxes | 450/3 | €1,225 | €4,468 | +€3,243 | +265% |
| Other amounts payable | 47/48 | €20,690 | €25,497 | +€4,807 | +23.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,614 | €15,830 | +€3,216 | +25.5% |
| Other operating charges | 640/8 | €577 | €5,917 | +€5,340 | +925% |
| Gross operating margin | 9900 | €26,642 | €13,075 | -€13,567 | -50.9% |
| Operating profit (loss) | 9901 | €13,451 | -€8,672 | -€22,123 | |
| Financial income | 75/76B | - | €18 | +€18 | |
| Recurring financial income | 75 | - | €18 | +€18 | |
| Financial charges | 65/66B | €120 | €150 | +€30 | +25.0% |
| Recurring financial charges | 65 | €120 | €150 | +€30 | +25.0% |
| Profit (loss) for the period before taxes | 9903 | €13,331 | -€8,804 | -€22,135 | |
| Income taxes | 67/77 | €1,225 | €3,242 | +€2,017 | +165% |
| Profit (loss) for the period | 9904 | €12,106 | -€12,046 | -€24,152 | |
| Profit (loss) for the period to be appropriated | 9905 | €12,106 | -€12,046 | -€24,152 |
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 16 October 2026 via checked.be.