MIKOSA: 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.
MIKOSA
Largest movements
- Cash +€96,985
up €96,985 (+83.4%), from €116,356 to €213,342
mainly Current investments (+€67,929) and Net result for the year (+€61,209)
- Current investments -€67,929
down €67,929 (-17.7%), from €383,534 to €315,606
- Receivables within one year -€23,000
down €23,000 (-71.9%), from €32,000 to €9,000
- Tangible fixed assets +€15,622
up €15,622 (+37.4%), from €41,751 to €57,373
of which Assets under construction and advance payments: +€20,000
- Reserves +€25,500
up €25,500 (+7.0%), from €366,162 to €391,662
of which Distributable reserves: +€25,500
- Other debts -€14,110
down €14,110 (-21.8%), from €64,704 to €50,594
- Tax, wage and social debts +€10,022
up €10,022 (+57.2%), from €17,517 to €27,539
- Financial income +€35,671
up €35,671 (+231%), from €15,470 to €51,140
- Financial charges +€25,257
up €25,257 (+1,814%), from €1,392 to €26,649
- Taxes +€7,396
up €7,396 (+27.7%), from €26,680 to €34,076
- Gross operating margin +€4,451
up €4,451 (+6.0%), from €74,082 to €78,533
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 | €672,816 | €694,494 | +€21,679 | +3.2% |
| Fixed assets | 21/28 | €140,926 | €156,547 | +€15,622 | +11.1% |
| Tangible fixed assets | 22/27 | €41,751 | €57,373 | +€15,622 | +37.4% |
| Land and buildings | 22 | €38,638 | €35,423 | -€3,215 | -8.3% |
| Furniture and vehicles | 24 | €3,113 | €1,950 | -€1,163 | -37.4% |
| Assets under construction and advance payments | 27 | - | €20,000 | +€20,000 | |
| Financial fixed assets | 28 | €99,174 | €99,174 | = | 0.0% |
| Current assets | 29/58 | €531,890 | €537,947 | +€6,057 | +1.1% |
| Amounts receivable within one year | 40/41 | €32,000 | €9,000 | -€23,000 | -71.9% |
| Other amounts receivable | 41 | €32,000 | €9,000 | -€23,000 | -71.9% |
| Current investments | 50/53 | €383,534 | €315,606 | -€67,929 | -17.7% |
| Cash at bank and in hand | 54/58 | €116,356 | €213,342 | +€96,985 | +83.4% |
| Total equity and liabilities | 10/49 | €672,816 | €694,494 | +€21,679 | +3.2% |
| Equity | 10/15 | €588,988 | €614,697 | +€25,709 | +4.4% |
| Contributions | 10/11 | €159,000 | €159,000 | = | 0.0% |
| Capital | 10 | €159,000 | €159,000 | = | 0.0% |
| Issued capital | 100 | €159,000 | €159,000 | = | 0.0% |
| Reserves | 13 | €366,162 | €391,662 | +€25,500 | +7.0% |
| Non-distributable reserves | 130/1 | €21,300 | €21,300 | = | 0.0% |
| Legal reserve | 130 | €21,300 | €21,300 | = | 0.0% |
| Tax-exempt reserves | 132 | €1,562 | €1,562 | = | 0.0% |
| Distributable reserves | 133 | €343,300 | €368,800 | +€25,500 | +7.4% |
| Profit (loss) carried forward | 14 | €63,826 | €64,035 | +€209 | +0.3% |
| Amounts payable | 17/49 | €83,828 | €79,798 | -€4,030 | -4.8% |
| Amounts payable within one year | 42/48 | €83,828 | €79,766 | -€4,062 | -4.8% |
| Financial debts | 43 | €1,421 | €1,421 | = | 0.0% |
| Other loans | 439 | €1,421 | €1,421 | = | 0.0% |
| Trade debts | 44 | €186 | €212 | +€26 | +13.9% |
| Suppliers | 440/4 | €186 | €212 | +€26 | +13.9% |
| Taxes, remuneration and social security | 45 | €17,517 | €27,539 | +€10,022 | +57.2% |
| Taxes | 450/3 | €17,517 | €27,539 | +€10,022 | +57.2% |
| Other amounts payable | 47/48 | €64,704 | €50,594 | -€14,110 | -21.8% |
| Accrued charges and deferred income | 492/3 | - | €32 | +€32 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,932 | €4,378 | +€447 | +11.4% |
| Other operating charges | 640/8 | €3,177 | €3,361 | +€183 | +5.8% |
| Gross operating margin | 9900 | €74,082 | €78,533 | +€4,451 | +6.0% |
| Operating profit (loss) | 9901 | €66,973 | €70,794 | +€3,821 | +5.7% |
| Financial income | 75/76B | €15,470 | €51,140 | +€35,671 | +231% |
| Recurring financial income | 75 | €15,470 | €51,140 | +€35,671 | +231% |
| Financial charges | 65/66B | €1,392 | €26,649 | +€25,257 | +1,814% |
| Recurring financial charges | 65 | €1,392 | €26,649 | +€25,257 | +1,814% |
| Profit (loss) for the period before taxes | 9903 | €81,050 | €95,285 | +€14,235 | +17.6% |
| Income taxes | 67/77 | €26,680 | €34,076 | +€7,396 | +27.7% |
| Profit (loss) for the period | 9904 | €54,370 | €61,209 | +€6,839 | +12.6% |
| Profit (loss) for the period to be appropriated | 9905 | €54,370 | €61,209 | +€6,839 | +12.6% |
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 19 October 2026 via checked.be.