MiKo: what changed
Two fiscal 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.
MiKo
Largest movements
- Cash -€15,948
down €15,948 (-58.0%), from €27,481 to €11,533
mainly Tax, wage and social debts (-€7,103) and Net result for the year (-€5,453)
- Receivables within one year +€4,316
up €4,316 (+44.2%), from €9,768 to €14,084
of which Other amounts receivable: +€3,200
- Profit (loss) carried forward -€22,829
no longer reported in 2025 (was €22,829)
- Reserves +€17,376
new in 2025: €17,376
- Tax, wage and social debts -€7,103
down €7,103 (-50.8%), from €13,992 to €6,889
- Trade debts +€1,511
up €1,511 (+122.1%), from €1,238 to €2,750
- Gross operating margin -€24,566
down €24,566, from €23,400 to -€1,165
- Taxes -€4,387
down €4,387 (-98.1%), from €4,473 to €86
- Staff costs -€2,034
no longer reported in 2025 (was €2,034)
- Other operating charges +€1,074
up €1,074 (+241.9%), from €444 to €1,518
- Depreciation +€423
up €423 (+70.1%), from €603 to €1,026
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 | €40,560 | €29,515 | -€11,045 | -27.2% |
| Fixed assets | 21/28 | €3,311 | €3,580 | +€268 | +8.1% |
| Tangible fixed assets | 22/27 | €3,311 | €3,580 | +€268 | +8.1% |
| Plant, machinery and equipment | 23 | - | €785 | +€785 | |
| Furniture and vehicles | 24 | €3,311 | €2,795 | -€516 | -15.6% |
| Current assets | 29/58 | €37,249 | €25,935 | -€11,313 | -30.4% |
| Amounts receivable within one year | 40/41 | €9,768 | €14,084 | +€4,316 | +44.2% |
| Trade receivables | 40 | €9,134 | €10,250 | +€1,116 | +12.2% |
| Other amounts receivable | 41 | €634 | €3,833 | +€3,200 | +504.8% |
| Cash at bank and in hand | 54/58 | €27,481 | €11,533 | -€15,948 | -58.0% |
| Deferred charges and accrued income | 490/1 | - | €319 | +€319 | |
| Total equity and liabilities | 10/49 | €40,560 | €29,515 | -€11,045 | -27.2% |
| Equity | 10/15 | €25,329 | €19,876 | -€5,453 | -21.5% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | - | €17,376 | +€17,376 | |
| Distributable reserves | 133 | - | €17,376 | +€17,376 | |
| Profit (loss) carried forward | 14 | €22,829 | - | -€22,829 | |
| Amounts payable | 17/49 | €15,231 | €9,639 | -€5,592 | -36.7% |
| Amounts payable within one year | 42/48 | €15,231 | €9,639 | -€5,592 | -36.7% |
| Trade debts | 44 | €1,238 | €2,750 | +€1,511 | +122.1% |
| Suppliers | 440/4 | €1,238 | €2,750 | +€1,511 | +122.1% |
| Taxes, remuneration and social security | 45 | €13,992 | €6,889 | -€7,103 | -50.8% |
| Taxes | 450/3 | €13,992 | €6,889 | -€7,103 | -50.8% |
| Remuneration, social security and pensions | 62 | €2,034 | - | -€2,034 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €603 | €1,026 | +€423 | +70.1% |
| Other operating charges | 640/8 | €444 | €1,518 | +€1,074 | +241.9% |
| Gross operating margin | 9900 | €23,400 | -€1,165 | -€24,566 | |
| Operating profit (loss) | 9901 | €20,319 | -€3,709 | -€24,028 | |
| Financial income | 75/76B | - | €169 | +€169 | |
| Recurring financial income | 75 | - | €169 | +€169 | |
| Financial charges | 65/66B | €2,203 | €1,827 | -€376 | -17.1% |
| Recurring financial charges | 65 | €2,203 | €1,827 | -€376 | -17.1% |
| Profit (loss) for the period before taxes | 9903 | €18,116 | -€5,367 | -€23,483 | |
| Income taxes | 67/77 | €4,473 | €86 | -€4,387 | -98.1% |
| Profit (loss) for the period | 9904 | €13,643 | -€5,453 | -€19,096 | |
| Profit (loss) for the period to be appropriated | 9905 | €13,643 | -€5,453 | -€19,096 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 September 2026 via checked.be.