MIKU MIKU: 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.
MIKU MIKU
Largest movements
- Tangible fixed assets +€80,850
new in 2025: €80,850
- Cash -€36,695
down €36,695 (-29.1%), from €126,235 to €89,540
mainly Investment in fixed assets (net) (-€93,684) and Stocks and contracts (-€5,047)
- Stocks and contracts +€5,047
up €5,047 (+58.3%), from €8,654 to €13,701
- Reserves +€48,033
up €48,033 (+80.1%), from €60,000 to €108,033
- Depreciation +€11,662
new in 2025: €11,662
- Gross operating margin +€3,409
up €3,409 (+4.5%), from €75,843 to €79,252
- Taxes +€1,276
up €1,276 (+6.8%), from €18,631 to €19,907
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 | €153,810 | €204,020 | +€50,210 | +32.6% |
| Fixed assets | 21/28 | - | €82,022 | +€82,022 | |
| Intangible fixed assets | 21 | - | €1,172 | +€1,172 | |
| Tangible fixed assets | 22/27 | - | €80,850 | +€80,850 | |
| Land and buildings | 22 | - | €80,850 | +€80,850 | |
| Current assets | 29/58 | €153,810 | €121,998 | -€31,812 | -20.7% |
| Stocks and contracts in progress | 3 | €8,654 | €13,701 | +€5,047 | +58.3% |
| Stocks | 30/36 | €8,654 | €13,701 | +€5,047 | +58.3% |
| Amounts receivable within one year | 40/41 | €18,618 | €18,443 | -€174 | -0.9% |
| Trade receivables | 40 | €18,618 | €18,317 | -€301 | -1.6% |
| Other amounts receivable | 41 | - | €127 | +€127 | |
| Cash at bank and in hand | 54/58 | €126,235 | €89,540 | -€36,695 | -29.1% |
| Deferred charges and accrued income | 490/1 | €303 | €314 | +€11 | +3.7% |
| Total equity and liabilities | 10/49 | €153,810 | €204,020 | +€50,210 | +32.6% |
| Equity | 10/15 | €122,941 | €170,975 | +€48,033 | +39.1% |
| Contributions | 10/11 | €100 | €100 | = | 0.0% |
| Reserves | 13 | €60,000 | €108,033 | +€48,033 | +80.1% |
| Distributable reserves | 133 | €60,000 | €108,033 | +€48,033 | +80.1% |
| Profit (loss) carried forward | 14 | €62,841 | €62,841 | +€0 | 0.0% |
| Amounts payable | 17/49 | €30,869 | €33,045 | +€2,177 | +7.1% |
| Amounts payable within one year | 42/48 | €30,869 | €33,045 | +€2,177 | +7.1% |
| Trade debts | 44 | €533 | €1,186 | +€653 | +122% |
| Suppliers | 440/4 | €533 | €1,186 | +€653 | +122% |
| Taxes, remuneration and social security | 45 | €30,332 | €31,859 | +€1,527 | +5.0% |
| Taxes | 450/3 | €30,332 | €31,859 | +€1,527 | +5.0% |
| Other amounts payable | 47/48 | €3 | - | -€3 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €11,662 | +€11,662 | |
| Other operating charges | 640/8 | - | €650 | +€650 | |
| Gross operating margin | 9900 | €75,843 | €79,252 | +€3,409 | +4.5% |
| Operating profit (loss) | 9901 | €75,843 | €66,940 | -€8,903 | -11.7% |
| Financial income | 75/76B | €1,008 | €1,244 | +€236 | +23.5% |
| Recurring financial income | 75 | €1,008 | €1,244 | +€236 | +23.5% |
| Financial charges | 65/66B | €515 | €244 | -€271 | -52.6% |
| Recurring financial charges | 65 | €515 | €244 | -€271 | -52.6% |
| Profit (loss) for the period before taxes | 9903 | €76,336 | €67,940 | -€8,396 | -11.0% |
| Income taxes | 67/77 | €18,631 | €19,907 | +€1,276 | +6.8% |
| Profit (loss) for the period | 9904 | €57,705 | €48,033 | -€9,672 | -16.8% |
| Profit (loss) for the period to be appropriated | 9905 | €57,705 | €48,033 | -€9,672 | -16.8% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 18 October 2026 via checked.be.