MIKO OPTIQUE: 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 OPTIQUE
Largest movements
- Cash -€47,668
down €47,668 (-60.8%), from €78,403 to €30,734
mainly Tax, wage and social debts (-€31,758) and Trade debts (-€14,764)
- Tangible fixed assets -€16,318
down €16,318 (-32.6%), from €49,998 to €33,680
of which Furniture and vehicles: -€14,650
- Stocks and contracts +€14,301
up €14,301 (+8.1%), from €176,969 to €191,270
- Receivables within one year +€5,482
up €5,482 (+13.9%), from €39,565 to €45,047
of which Other amounts receivable: +€5,050
- Tax, wage and social debts -€31,758
down €31,758 (-80.9%), from €39,236 to €7,478
of which Remuneration and social security: -€22,063
- Reserves +€21,500
up €21,500 (+18.1%), from €119,000 to €140,500
of which Distributable reserves: +€21,500
- Trade debts -€14,764
down €14,764 (-50.3%), from €29,358 to €14,593
- Debts after one year -€12,376
down €12,376 (-32.1%), from €38,557 to €26,181
- Gross operating margin -€83,369
down €83,369 (-59.4%), from €140,343 to €56,974
- Staff costs -€78,941
down €78,941 (-96.2%), from €82,021 to €3,080
- Financial charges -€4,271
down €4,271 (-46.0%), from €9,284 to €5,013
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 | €390,436 | €346,995 | -€43,441 | -11.1% |
| Fixed assets | 21/28 | €51,000 | €34,130 | -€16,870 | -33.1% |
| Intangible fixed assets | 21 | €1,002 | €450 | -€553 | -55.1% |
| Tangible fixed assets | 22/27 | €49,998 | €33,680 | -€16,318 | -32.6% |
| Furniture and vehicles | 24 | €25,364 | €10,714 | -€14,650 | -57.8% |
| Other tangible fixed assets | 26 | €8,105 | €6,438 | -€1,667 | -20.6% |
| Assets under construction and advance payments | 27 | €16,529 | €16,529 | = | 0.0% |
| Current assets | 29/58 | €339,436 | €312,865 | -€26,571 | -7.8% |
| Amounts receivable after more than one year | 29 | €38,000 | €38,000 | = | 0.0% |
| Other amounts receivable | 291 | €38,000 | €38,000 | = | 0.0% |
| Stocks and contracts in progress | 3 | €176,969 | €191,270 | +€14,301 | +8.1% |
| Stocks | 30/36 | €176,969 | €191,270 | +€14,301 | +8.1% |
| Amounts receivable within one year | 40/41 | €39,565 | €45,047 | +€5,482 | +13.9% |
| Trade receivables | 40 | €2,605 | €3,037 | +€432 | +16.6% |
| Other amounts receivable | 41 | €36,960 | €42,009 | +€5,050 | +13.7% |
| Cash at bank and in hand | 54/58 | €78,403 | €30,734 | -€47,668 | -60.8% |
| Deferred charges and accrued income | 490/1 | €6,500 | €7,815 | +€1,315 | +20.2% |
| Total equity and liabilities | 10/49 | €390,436 | €346,995 | -€43,441 | -11.1% |
| Equity | 10/15 | €253,388 | €275,102 | +€21,714 | +8.6% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €119,000 | €140,500 | +€21,500 | +18.1% |
| Tax-exempt reserves | 132 | €16,000 | €16,000 | = | 0.0% |
| Distributable reserves | 133 | €103,000 | €124,500 | +€21,500 | +20.9% |
| Profit (loss) carried forward | 14 | €114,388 | €114,602 | +€214 | +0.2% |
| Amounts payable | 17/49 | €137,048 | €71,893 | -€65,155 | -47.5% |
| Amounts payable after more than one year | 17 | €38,557 | €26,181 | -€12,376 | -32.1% |
| Financial debts | 170/4 | €38,557 | €26,181 | -€12,376 | -32.1% |
| Amounts payable within one year | 42/48 | €98,491 | €45,712 | -€52,779 | -53.6% |
| Current portion of amounts payable after more than one year | 42 | €15,139 | €12,376 | -€2,762 | -18.2% |
| Financial debts | 43 | €8,333 | €8,357 | +€23 | +0.3% |
| Credit institutions | 430/8 | €8,333 | €8,357 | +€23 | +0.3% |
| Trade debts | 44 | €29,358 | €14,593 | -€14,764 | -50.3% |
| Suppliers | 440/4 | €29,358 | €14,593 | -€14,764 | -50.3% |
| Taxes, remuneration and social security | 45 | €39,236 | €7,478 | -€31,758 | -80.9% |
| Taxes | 450/3 | €17,125 | €7,430 | -€9,695 | -56.6% |
| Remuneration and social security | 454/9 | €22,111 | €48 | -€22,063 | -99.8% |
| Other amounts payable | 47/48 | €6,425 | €2,908 | -€3,517 | -54.7% |
| Non-recurring operating income | 76A | €7,389 | - | -€7,389 | |
| Remuneration, social security and pensions | 62 | €82,021 | €3,080 | -€78,941 | -96.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,026 | €16,870 | +€844 | +5.3% |
| Other operating charges | 640/8 | €2,857 | €2,263 | -€594 | -20.8% |
| Gross operating margin | 9900 | €140,343 | €56,974 | -€83,369 | -59.4% |
| Operating profit (loss) | 9901 | €39,440 | €34,761 | -€4,679 | -11.9% |
| Financial income | 75/76B | €2,108 | €2,973 | +€864 | +41.0% |
| Recurring financial income | 75 | €2,108 | €2,973 | +€864 | +41.0% |
| Financial charges | 65/66B | €9,284 | €5,013 | -€4,271 | -46.0% |
| Recurring financial charges | 65 | €9,284 | €5,013 | -€4,271 | -46.0% |
| Profit (loss) for the period before taxes | 9903 | €32,264 | €32,721 | +€456 | +1.4% |
| Income taxes | 67/77 | €10,097 | €11,006 | +€909 | +9.0% |
| Profit (loss) for the period | 9904 | €22,167 | €21,714 | -€453 | -2.0% |
| Profit (loss) for the period to be appropriated | 9905 | €22,167 | €21,714 | -€453 | -2.0% |
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 14 October 2026 via checked.be.