MIKO LOGISTIC: 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.
MIKO LOGISTIC
Largest movements
- Tangible fixed assets -€47,599
down €47,599 (-12.0%), from €398,098 to €350,499
of which Land and buildings: -€44,513
- Receivables within one year +€21,297
up €21,297 (+263%), from €8,106 to €29,403
of which Trade receivables: +€21,780
- Cash -€4,373
down €4,373 (-39.9%), from €10,969 to €6,596
mainly Receivables within one year (-€21,297) and Tax, wage and social debts (-€9,893)
- Tax, wage and social debts -€9,893
down €9,893 (-57.8%), from €17,121 to €7,228
of which Taxes: -€10,476
- Profit (loss) carried forward -€7,175
down €7,175 (-2.1%), from -€340,015 to -€347,190
- Investment grants -€5,359
down €5,359 (-14.3%), from €37,516 to €32,156
- Gross operating margin +€39,810
up €39,810 (+69.5%), from €57,249 to €97,059
- Other operating charges +€4,241
up €4,241 (+21.6%), from €19,631 to €23,872
- Staff costs +€1,524
up €1,524 (+4.2%), from €36,432 to €37,957
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 | €422,874 | €394,446 | -€28,428 | -6.7% |
| Fixed assets | 21/28 | €399,608 | €352,009 | -€47,599 | -11.9% |
| Tangible fixed assets | 22/27 | €398,098 | €350,499 | -€47,599 | -12.0% |
| Land and buildings | 22 | €394,156 | €349,644 | -€44,513 | -11.3% |
| Plant, machinery and equipment | 23 | €704 | €528 | -€176 | -25.0% |
| Furniture and vehicles | 24 | €3,237 | €327 | -€2,911 | -89.9% |
| Financial fixed assets | 28 | €1,510 | €1,510 | = | 0.0% |
| Current assets | 29/58 | €23,267 | €42,437 | +€19,171 | +82.4% |
| Amounts receivable within one year | 40/41 | €8,106 | €29,403 | +€21,297 | +263% |
| Trade receivables | 40 | €7,623 | €29,403 | +€21,780 | +286% |
| Other amounts receivable | 41 | €483 | - | -€483 | |
| Cash at bank and in hand | 54/58 | €10,969 | €6,596 | -€4,373 | -39.9% |
| Deferred charges and accrued income | 490/1 | €4,191 | €6,439 | +€2,248 | +53.6% |
| Total equity and liabilities | 10/49 | €422,874 | €394,446 | -€28,428 | -6.7% |
| Equity | 10/15 | -€217,550 | -€230,084 | -€12,534 | -5.8% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €22,950 | €22,950 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Tax-exempt reserves | 132 | €16,750 | €16,750 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€340,015 | -€347,190 | -€7,175 | -2.1% |
| Investment grants | 15 | €37,516 | €32,156 | -€5,359 | -14.3% |
| Amounts payable | 17/49 | €640,424 | €624,530 | -€15,895 | -2.5% |
| Amounts payable within one year | 42/48 | €635,130 | €622,085 | -€13,044 | -2.1% |
| Trade debts | 44 | €17,058 | €17,024 | -€35 | -0.2% |
| Suppliers | 440/4 | €17,058 | €17,024 | -€35 | -0.2% |
| Taxes, remuneration and social security | 45 | €17,121 | €7,228 | -€9,893 | -57.8% |
| Taxes | 450/3 | €10,617 | €142 | -€10,476 | -98.7% |
| Remuneration and social security | 454/9 | €6,504 | €7,086 | +€582 | +9.0% |
| Other amounts payable | 47/48 | €600,950 | €597,834 | -€3,116 | -0.5% |
| Accrued charges and deferred income | 492/3 | €5,295 | €2,444 | -€2,850 | -53.8% |
| Remuneration, social security and pensions | 62 | €36,432 | €37,957 | +€1,524 | +4.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €48,185 | €47,599 | -€586 | -1.2% |
| Other operating charges | 640/8 | €19,631 | €23,872 | +€4,241 | +21.6% |
| Gross operating margin | 9900 | €57,249 | €97,059 | +€39,810 | +69.5% |
| Operating profit (loss) | 9901 | -€46,999 | -€12,369 | +€34,631 | +73.7% |
| Financial income | 75/76B | €5,360 | €5,400 | +€40 | +0.7% |
| Recurring financial income | 75 | €5,360 | €5,400 | +€40 | +0.7% |
| Financial charges | 65/66B | €408 | €206 | -€202 | -49.5% |
| Recurring financial charges | 65 | €408 | €206 | -€202 | -49.5% |
| Profit (loss) for the period before taxes | 9903 | -€42,047 | -€7,175 | +€34,872 | +82.9% |
| Profit (loss) for the period | 9904 | -€42,047 | -€7,175 | +€34,872 | +82.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€42,047 | -€7,175 | +€34,872 | +82.9% |
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 18 October 2026 via checked.be.