MIKST: 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.
MIKST
Largest movements
- Tangible fixed assets +€37,100
up €37,100 (+918.6%), from €4,039 to €41,139
of which Leasing and similar rights: +€37,810
- Cash +€21,303
up €21,303 (+2048.9%), from €1,040 to €22,343
mainly Other debts (+€37,415) and Debts after one year (+€29,752)
- Receivables within one year +€12,393
up €12,393 (+19.3%), from €64,173 to €76,566
of which Other amounts receivable: +€15,374
- Other debts +€37,415
up €37,415 (+669.5%), from €5,588 to €43,003
- Debts after one year +€29,752
new in 2025: €29,752
- Tax, wage and social debts +€5,137
up €5,137 (+49.5%), from €10,388 to €15,525
of which Remuneration and social security: +€7,000
- Trade debts -€2,586
down €2,586 (-6.6%), from €39,247 to €36,661
- Gross operating margin -€42,525
down €42,525 (-74.0%), from €57,458 to €14,932
- Depreciation +€9,978
up €9,978 (+761.7%), from €1,310 to €11,287
- Other operating charges -€1,595
down €1,595 (-42.5%), from €3,750 to €2,155
- Financial charges -€779
down €779 (-41.9%), from €1,858 to €1,080
of which Financial charges: -€786
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 | €69,401 | €140,197 | +€70,796 | +102.0% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €4,189 | €41,289 | +€37,100 | +885.7% |
| Tangible fixed assets | 22/27 | €4,039 | €41,139 | +€37,100 | +918.6% |
| Plant, machinery and equipment | 23 | €4,039 | €2,729 | -€1,310 | -32.4% |
| Furniture and vehicles | 24 | - | €600 | +€600 | |
| Leasing and similar rights | 25 | - | €37,810 | +€37,810 | |
| Financial fixed assets | 28 | €150 | €150 | = | 0.0% |
| Current assets | 29/58 | €65,213 | €98,908 | +€33,696 | +51.7% |
| Amounts receivable within one year | 40/41 | €64,173 | €76,566 | +€12,393 | +19.3% |
| Trade receivables | 40 | €64,166 | €61,184 | -€2,981 | -4.6% |
| Other amounts receivable | 41 | €7 | €15,381 | +€15,374 | +214721.8% |
| Cash at bank and in hand | 54/58 | €1,040 | €22,343 | +€21,303 | +2048.9% |
| Total equity and liabilities | 10/49 | €69,401 | €140,197 | +€70,796 | +102.0% |
| Equity | 10/15 | €14,179 | €14,402 | +€223 | +1.6% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Outside capital | 11 | €5,000 | €5,000 | = | 0.0% |
| Other | 1109/19 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €9,179 | €9,402 | +€223 | +2.4% |
| Amounts payable | 17/49 | €55,223 | €125,796 | +€70,573 | +127.8% |
| Amounts payable after more than one year | 17 | - | €29,752 | +€29,752 | |
| Financial debts | 170/4 | - | €29,752 | +€29,752 | |
| Amounts payable within one year | 42/48 | €55,223 | €96,044 | +€40,821 | +73.9% |
| Current portion of amounts payable after more than one year | 42 | - | €855 | +€855 | |
| Trade debts | 44 | €39,247 | €36,661 | -€2,586 | -6.6% |
| Suppliers | 440/4 | €39,247 | €36,661 | -€2,586 | -6.6% |
| Taxes, remuneration and social security | 45 | €10,388 | €15,525 | +€5,137 | +49.5% |
| Taxes | 450/3 | €10,388 | €8,525 | -€1,863 | -17.9% |
| Remuneration and social security | 454/9 | - | €7,000 | +€7,000 | |
| Other amounts payable | 47/48 | €5,588 | €43,003 | +€37,415 | +669.5% |
| Remuneration, social security and pensions | 62 | €155 | €124 | -€31 | -20.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,310 | €11,287 | +€9,978 | +761.7% |
| Other operating charges | 640/8 | €3,750 | €2,155 | -€1,595 | -42.5% |
| Gross operating margin | 9900 | €57,458 | €14,932 | -€42,525 | -74.0% |
| Operating profit (loss) | 9901 | €52,242 | €1,366 | -€50,876 | -97.4% |
| Financial charges | 65/66B | €1,858 | €1,080 | -€779 | -41.9% |
| Recurring financial charges | 65 | €1,858 | €1,072 | -€786 | -42.3% |
| Non-recurring financial charges | 66B | - | €7 | +€7 | |
| Profit (loss) for the period before taxes | 9903 | €50,384 | €287 | -€50,097 | -99.4% |
| Income taxes | 67/77 | - | €63 | +€63 | |
| Profit (loss) for the period | 9904 | €50,384 | €223 | -€50,161 | -99.6% |
| Profit (loss) for the period to be appropriated | 9905 | €50,384 | €223 | -€50,161 | -99.6% |
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 4 October 2026 via checked.be.