MIKO: 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.
What changed
MIKO
NACE 82.990, Other business support services
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€3.2m
2024 · €2.6m+€623,199
Equity
€149.2m
2024 · €148.3m+€872,042
Cash
€88,139
2024 · €1.2m-€1.1m
Balance sheet total
€176.7m
2024 · €159.4m+€17.3m
Largest movements
Assets
- Receivables within one year +€14.4m
up €14.4m (+109%), from €13.2m to €27.6m
of which Other amounts receivable: +€14.6m
- Receivables after one year +€4.6m
up €4.6m (+357%), from €1.3m to €5.8m
Equity and liabilities
- Short-term financial debts +€7.9m
up €7.9m (+120%), from €6.6m to €14.4m
of which Credit institutions: +€6.3m
- Debts after one year +€4.6m
new in 2025: €4.6m
- Tax, wage and social debts +€3.8m
up €3.8m (+1,105%), from €347,041 to €4.2m
of which Remuneration and social security: +€3.8m
Income statement
- Financial charges -€2.6m
down €2.6m (-83.8%), from €3.2m to €510,251
of which Non-recurring financial charges: -€3.0m
- Financial income +€2.2m
up €2.2m (+31.4%), from €7.0m to €9.2m
of which Non-recurring financial income: +€1.8m
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.
Result 2024
€2.6m
Staff costs
+€156,550
Depreciation
+€8,113
Provisions
+€1.0m
Other operating charges
+€12,078
Other operating items
-€5.4m
Financial income
+€2.2m
Financial charges
+€2.6m
Taxes
+€48,443
Result 2025
€3.2m
raises the resultnot broken down further in the accounts
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.
From operations
-€11.1m
Investment
-€56,693
Financing
+€10.1m
Cash 2024
€1.2m
From operations (derived)
-€11.1m
Net result for the year
+€3.2m
Depreciation
+€35,145
Receivables after one year
-€4.6m
Receivables within one year
-€14.4m
Deferred charges and accrued income
+€664,286
Provisions
-€965,017
Trade debts
+€981,724
Tax, wage and social debts
+€3.8m
Other debts
-€279
Accrued charges and deferred income
+€114,772
Investment (derived)
-€56,693
Investment in fixed assets (net)
-€56,693
Financing
+€10.1m
Debts after one year
+€4.6m
Short-term financial debts
+€7.9m
Contributions, distributions and other
-€2.3m
Cash 2025
€88,139
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €159,414,486 | €176,687,192 | +€17.3m | +10.8% |
| Fixed assets | 21/28 | €142,607,618 | €142,629,166 | +€21,548 | 0.0% |
| Intangible fixed assets | 21 | €12,447 | €2,242 | -€10,205 | -82.0% |
| Tangible fixed assets | 22/27 | €214,476 | €246,229 | +€31,753 | +14.8% |
| Land and buildings | 22 | €171,293 | €171,293 | = | 0.0% |
| Plant, machinery and equipment | 23 | €43,183 | €28,073 | -€15,110 | -35.0% |
| Assets under construction and advance payments | 27 | - | €46,863 | +€46,863 | |
| Financial fixed assets | 28 | €142,380,695 | €142,380,695 | = | 0.0% |
| Affiliated companies | 280/1 | €142,380,695 | €142,380,695 | = | 0.0% |
| Participating interests | 280 | €93,480,695 | €93,480,695 | = | 0.0% |
| Amounts receivable | 281 | €48,900,000 | €48,900,000 | = | 0.0% |
| Current assets | 29/58 | €16,806,868 | €34,058,026 | +€17.3m | +103% |
| Amounts receivable after more than one year | 29 | €1,280,000 | €5,844,872 | +€4.6m | +357% |
| Other amounts receivable | 291 | €1,280,000 | €5,844,872 | +€4.6m | +357% |
| Amounts receivable within one year | 40/41 | €13,181,734 | €27,598,078 | +€14.4m | +109% |
| Trade receivables | 40 | €1,588,800 | €1,376,719 | -€212,082 | -13.3% |
| Other amounts receivable | 41 | €11,592,933 | €26,221,360 | +€14.6m | +126% |
| Cash at bank and in hand | 54/58 | €1,153,910 | €88,139 | -€1.1m | -92.4% |
| Deferred charges and accrued income | 490/1 | €1,191,223 | €526,937 | -€664,286 | -55.8% |
| Total equity and liabilities | 10/49 | €159,414,486 | €176,687,192 | +€17.3m | +10.8% |
| Equity | 10/15 | €148,303,096 | €149,175,138 | +€872,042 | +0.6% |
| Contributions | 10/11 | €5,065,000 | €5,065,000 | = | 0.0% |
| Capital | 10 | €5,065,000 | €5,065,000 | = | 0.0% |
| Issued capital | 100 | €5,065,000 | €5,065,000 | = | 0.0% |
| Reserves | 13 | €143,233,433 | €144,108,433 | +€875,000 | +0.6% |
| Non-distributable reserves | 130/1 | €1,138,433 | €1,138,433 | = | 0.0% |
| Legal reserve | 130 | €506,500 | €506,500 | = | 0.0% |
| Other | 1319 | €631,933 | €631,933 | = | 0.0% |
| Distributable reserves | 133 | €142,095,000 | €142,970,000 | +€875,000 | +0.6% |
| Profit (loss) carried forward | 14 | €4,664 | €1,705 | -€2,958 | -63.4% |
| Provisions and deferred taxes | 16 | €1,190,400 | €225,383 | -€965,017 | -81.1% |
| Provisions for liabilities and charges | 160/5 | €1,190,400 | €225,383 | -€965,017 | -81.1% |
| Pensions and similar obligations | 160 | €82,898 | €93,319 | +€10,421 | +12.6% |
| Other liabilities and charges | 164/5 | €1,107,502 | €132,064 | -€975,438 | -88.1% |
| Amounts payable | 17/49 | €9,920,990 | €27,286,671 | +€17.4m | +175% |
| Amounts payable after more than one year | 17 | - | €4,564,872 | +€4.6m | |
| Financial debts | 170/4 | - | €4,564,872 | +€4.6m | |
| Credit institutions | 173 | - | €4,564,872 | +€4.6m | |
| Amounts payable within one year | 42/48 | €9,791,871 | €22,477,909 | +€12.7m | +130% |
| Financial debts | 43 | €6,571,278 | €14,440,525 | +€7.9m | +120% |
| Credit institutions | 430/8 | €3,486 | €6,310,714 | +€6.3m | +180,910% |
| Other loans | 439 | €6,567,792 | €8,129,811 | +€1.6m | +23.8% |
| Trade debts | 44 | €550,484 | €1,532,208 | +€981,724 | +178% |
| Suppliers | 440/4 | €550,484 | €1,532,208 | +€981,724 | +178% |
| Taxes, remuneration and social security | 45 | €347,041 | €4,182,387 | +€3.8m | +1,105% |
| Taxes | 450/3 | €0 | €0 | = | 0.0% |
| Remuneration and social security | 454/9 | €347,041 | €4,182,387 | +€3.8m | +1,105% |
| Other amounts payable | 47/48 | €2,323,068 | €2,322,789 | -€279 | 0.0% |
| Accrued charges and deferred income | 492/3 | €129,118 | €243,890 | +€114,772 | +88.9% |
| Operating income | 70/76A | €4,594,756 | €4,744,473 | +€149,717 | +3.3% |
| Other operating income | 74 | €4,587,950 | €4,743,244 | +€155,294 | +3.4% |
| Non-recurring operating income | 76A | €6,806 | €1,229 | -€5,577 | -81.9% |
| Operating charges | 60/66A | €5,803,016 | €10,216,081 | +€4.4m | +76.0% |
| Goods for resale, raw materials and consumables | 60 | €57 | €20 | -€37 | -64.5% |
| Purchases | 600/8 | €57 | €20 | -€37 | -64.5% |
| Services and other goods | 61 | €3,101,860 | €4,824,561 | +€1.7m | +55.5% |
| Remuneration, social security and pensions | 62 | €2,604,494 | €2,447,945 | -€156,550 | -6.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €43,258 | €35,145 | -€8,113 | -18.8% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €40,524 | -€965,017 | -€1.0m | |
| Other operating charges | 640/8 | €12,823 | €744 | -€12,078 | -94.2% |
| Non-recurring operating charges | 66A | - | €3,872,682 | +€3.9m | |
| Operating profit (loss) | 9901 | -€1,208,260 | -€5,471,609 | -€4.3m | -353% |
| Financial income | 75/76B | €6,985,063 | €9,181,055 | +€2.2m | +31.4% |
| Recurring financial income | 75 | €1,985,063 | €2,431,055 | +€445,992 | +22.5% |
| Income from financial fixed assets | 750 | €1,984,769 | €2,431,034 | +€446,265 | +22.5% |
| Other financial income | 752/9 | €294 | €21 | -€273 | -93.0% |
| Non-recurring financial income | 76B | €5,000,000 | €6,750,000 | +€1.8m | +35.0% |
| Financial charges | 65/66B | €3,152,363 | €510,251 | -€2.6m | -83.8% |
| Recurring financial charges | 65 | €152,363 | €510,251 | +€357,889 | +235% |
| Debt charges | 650 | €138,977 | €479,890 | +€340,913 | +245% |
| Other financial charges | 652/9 | €13,386 | €30,361 | +€16,976 | +127% |
| Non-recurring financial charges | 66B | €3,000,000 | - | -€3.0m | |
| Profit (loss) for the period before taxes | 9903 | €2,624,440 | €3,199,195 | +€574,756 | +21.9% |
| Income taxes | 67/77 | €53,056 | €4,613 | -€48,443 | -91.3% |
| Taxes | 670/3 | €53,056 | €4,613 | -€48,443 | -91.3% |
| Profit (loss) for the period | 9904 | €2,571,383 | €3,194,582 | +€623,199 | +24.2% |
| Profit (loss) for the period to be appropriated | 9905 | €2,571,383 | €3,194,582 | +€623,199 | +24.2% |
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.