MIKMAX: what changed
MIKMAX
Largest movements
- Tangible fixed assets +€122,085
up €122,085 (+26.1%), from €467,933 to €590,019
of which Land and buildings: +€75,873
- Receivables within one year +€12,913
up €12,913 (+43.1%), from €29,954 to €42,867
of which Trade receivables: +€10,890
- Other debts +€133,049
up €133,049 (+127%), from €105,118 to €238,167
- Trade debts +€64,983
up €64,983 (+141%), from €46,113 to €111,096
- Debts after one year -€28,076
down €28,076 (-10.4%), from €270,271 to €242,195
- Profit (loss) carried forward -€20,944
down €20,944 (-96.5%), from -€21,711 to -€42,655
- Tax, wage and social debts -€16,247
down €16,247 (-36.8%), from €44,125 to €27,878
of which Taxes: -€16,247
- Gross operating margin +€69,899
up €69,899, from -€31,907 to €37,993
- Taxes +€20,697
up €20,697 (+7,050%), from €294 to €20,991
- Depreciation +€11,815
up €11,815 (+75.3%), from €15,694 to €27,509
- Financial charges +€1,068
up €1,068 (+15.5%), from €6,911 to €7,979
of which Financial charges: +€544
- Other operating charges -€396
down €396 (-13.9%), from €2,854 to €2,458
Change in the result, 2022 to 2023
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2022 and 2023 balance sheets and the 2023 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2022 | 2023 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €540,373 | €672,956 | +€132,583 | +24.5% |
| Fixed assets | 21/28 | €500,221 | €622,307 | +€122,085 | +24.4% |
| Tangible fixed assets | 22/27 | €467,933 | €590,019 | +€122,085 | +26.1% |
| Land and buildings | 22 | €422,145 | €498,017 | +€75,873 | +18.0% |
| Plant, machinery and equipment | 23 | - | €50,481 | +€50,481 | |
| Furniture and vehicles | 24 | €45,788 | €41,521 | -€4,268 | -9.3% |
| Financial fixed assets | 28 | €32,288 | €32,288 | = | 0.0% |
| Current assets | 29/58 | €40,152 | €50,650 | +€10,498 | +26.1% |
| Amounts receivable within one year | 40/41 | €29,954 | €42,867 | +€12,913 | +43.1% |
| Trade receivables | 40 | - | €10,890 | +€10,890 | |
| Other amounts receivable | 41 | €29,954 | €31,977 | +€2,023 | +6.8% |
| Cash at bank and in hand | 54/58 | €10,198 | €7,783 | -€2,415 | -23.7% |
| Total equity and liabilities | 10/49 | €540,373 | €672,956 | +€132,583 | +24.5% |
| Equity | 10/15 | €46,489 | €25,545 | -€20,944 | -45.1% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €6,200 | €6,200 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€21,711 | -€42,655 | -€20,944 | -96.5% |
| Amounts payable | 17/49 | €493,884 | €647,411 | +€153,527 | +31.1% |
| Amounts payable after more than one year | 17 | €270,271 | €242,195 | -€28,076 | -10.4% |
| Financial debts | 170/4 | €270,271 | €242,195 | -€28,076 | -10.4% |
| Amounts payable within one year | 42/48 | €223,614 | €405,216 | +€181,603 | +81.2% |
| Current portion of amounts payable after more than one year | 42 | €28,257 | €28,076 | -€181 | -0.6% |
| Trade debts | 44 | €46,113 | €111,096 | +€64,983 | +141% |
| Suppliers | 440/4 | €46,113 | €111,096 | +€64,983 | +141% |
| Taxes, remuneration and social security | 45 | €44,125 | €27,878 | -€16,247 | -36.8% |
| Taxes | 450/3 | €44,125 | €27,878 | -€16,247 | -36.8% |
| Remuneration and social security | 454/9 | - | €0 | = | |
| Other amounts payable | 47/48 | €105,118 | €238,167 | +€133,049 | +127% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,694 | €27,509 | +€11,815 | +75.3% |
| Other operating charges | 640/8 | €2,854 | €2,458 | -€396 | -13.9% |
| Non-recurring operating charges | 66A | €1,063 | - | -€1,063 | |
| Gross operating margin | 9900 | -€31,907 | €37,993 | +€69,899 | |
| Operating profit (loss) | 9901 | -€51,517 | €8,026 | +€59,543 | |
| Financial income | 75/76B | €1 | - | -€1 | |
| Recurring financial income | 75 | €1 | - | -€1 | |
| Non-recurring financial income | 76B | €1 | - | -€1 | |
| Financial charges | 65/66B | €6,911 | €7,979 | +€1,068 | +15.5% |
| Recurring financial charges | 65 | €6,911 | €7,455 | +€544 | +7.9% |
| Non-recurring financial charges | 66B | - | €524 | +€524 | |
| Profit (loss) for the period before taxes | 9903 | -€58,428 | €47 | +€58,474 | |
| Income taxes | 67/77 | €294 | €20,991 | +€20,697 | +7,050% |
| Profit (loss) for the period | 9904 | -€58,721 | -€20,944 | +€37,777 | +64.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€58,721 | -€20,944 | +€37,777 | +64.3% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2022 and 31 December 2023. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.