Tibi Mikaela: 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.
Tibi Mikaela
Largest movements
- Cash +€19,327
up €19,327 (+52.8%), from €36,587 to €55,914
mainly Net result for the year (+€30,812) and Trade debts (+€26,345)
- Receivables within one year +€19,155
up €19,155 (+30.0%), from €63,847 to €83,002
of which Other amounts receivable: +€9,947
- Receivables after one year -€5,000
down €5,000 (-50.0%), from €10,000 to €5,000
- Trade debts +€26,345
up €26,345 (+123%), from €21,427 to €47,773
- Reserves +€19,587
up €19,587 (+23.7%), from €82,816 to €102,403
- Debts after one year -€13,019
down €13,019 (-7.5%), from €174,515 to €161,496
of which Financial debts: -€13,019
- Gross operating margin +€10,721
up €10,721 (+21.5%), from €49,863 to €60,583
- Taxes +€2,053
up €2,053 (+18.6%), from €11,055 to €13,108
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 | €318,360 | €351,572 | +€33,213 | +10.4% |
| Fixed assets | 21/28 | €202,211 | €200,338 | -€1,873 | -0.9% |
| Tangible fixed assets | 22/27 | €201,411 | €199,538 | -€1,873 | -0.9% |
| Land and buildings | 22 | €197,783 | €197,694 | -€89 | 0.0% |
| Plant, machinery and equipment | 23 | €2,866 | €1,653 | -€1,213 | -42.3% |
| Furniture and vehicles | 24 | €761 | €191 | -€571 | -74.9% |
| Financial fixed assets | 28 | €800 | €800 | = | 0.0% |
| Current assets | 29/58 | €116,149 | €151,234 | +€35,085 | +30.2% |
| Amounts receivable after more than one year | 29 | €10,000 | €5,000 | -€5,000 | -50.0% |
| Other amounts receivable | 291 | €10,000 | €5,000 | -€5,000 | -50.0% |
| Stocks and contracts in progress | 3 | €3,000 | €3,000 | = | 0.0% |
| Stocks | 30/36 | €3,000 | €3,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €63,847 | €83,002 | +€19,155 | +30.0% |
| Trade receivables | 40 | €16,037 | €25,246 | +€9,208 | +57.4% |
| Other amounts receivable | 41 | €47,810 | €57,757 | +€9,947 | +20.8% |
| Cash at bank and in hand | 54/58 | €36,587 | €55,914 | +€19,327 | +52.8% |
| Deferred charges and accrued income | 490/1 | €2,715 | €4,318 | +€1,603 | +59.1% |
| Total equity and liabilities | 10/49 | €318,360 | €351,572 | +€33,213 | +10.4% |
| Equity | 10/15 | €90,876 | €110,463 | +€19,587 | +21.6% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €82,816 | €102,403 | +€19,587 | +23.7% |
| Distributable reserves | 133 | €82,816 | €102,403 | +€19,587 | +23.7% |
| Profit (loss) carried forward | 14 | €1,860 | €1,860 | = | 0.0% |
| Amounts payable | 17/49 | €227,483 | €241,109 | +€13,626 | +6.0% |
| Amounts payable after more than one year | 17 | €174,515 | €161,496 | -€13,019 | -7.5% |
| Financial debts | 170/4 | €172,515 | €159,496 | -€13,019 | -7.5% |
| Other amounts payable | 178/9 | €2,000 | €2,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €52,968 | €79,613 | +€26,644 | +50.3% |
| Current portion of amounts payable after more than one year | 42 | €12,737 | €13,019 | +€282 | +2.2% |
| Trade debts | 44 | €21,427 | €47,773 | +€26,345 | +123% |
| Suppliers | 440/4 | €21,427 | €47,773 | +€26,345 | +123% |
| Taxes, remuneration and social security | 45 | €18,804 | €18,821 | +€17 | +0.1% |
| Taxes | 450/3 | €18,804 | €18,821 | +€17 | +0.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,830 | €10,370 | +€539 | +5.5% |
| Other operating charges | 640/8 | €1,341 | €1,401 | +€60 | +4.5% |
| Gross operating margin | 9900 | €49,863 | €60,583 | +€10,721 | +21.5% |
| Operating profit (loss) | 9901 | €38,691 | €48,813 | +€10,122 | +26.2% |
| Financial income | 75/76B | €380 | €262 | -€118 | -31.0% |
| Recurring financial income | 75 | €380 | €262 | -€118 | -31.0% |
| Financial charges | 65/66B | €5,155 | €5,154 | -€0 | 0.0% |
| Recurring financial charges | 65 | €5,155 | €5,154 | -€0 | 0.0% |
| Profit (loss) for the period before taxes | 9903 | €33,917 | €43,920 | +€10,004 | +29.5% |
| Income taxes | 67/77 | €11,055 | €13,108 | +€2,053 | +18.6% |
| Profit (loss) for the period | 9904 | €22,862 | €30,812 | +€7,950 | +34.8% |
| Profit (loss) for the period to be appropriated | 9905 | €22,862 | €30,812 | +€7,950 | +34.8% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.