IMMO - MICOLI: 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.
IMMO - MICOLI
Largest movements
- Tangible fixed assets -€85,451
down €85,451 (-6.9%), from €1.2m to €1.2m
of which Land and buildings: -€85,451
- Cash +€14,978
up €14,978 (+269.8%), from €5,552 to €20,531
mainly Depreciation (+€89,110) and Current portion of long-term debt (+€240)
- Other debts -€48,137
down €48,137 (-9.7%), from €494,253 to €446,117
- Debts after one year -€17,914
down €17,914 (-8.5%), from €210,979 to €193,065
- Depreciation -€7,745
down €7,745 (-8.0%), from €96,855 to €89,110
- Gross operating margin +€5,507
up €5,507 (+5.9%), from €92,687 to €98,195
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 | €1,248,700 | €1,178,317 | -€70,383 | -5.6% |
| Fixed assets | 21/28 | €1,241,118 | €1,155,667 | -€85,451 | -6.9% |
| Tangible fixed assets | 22/27 | €1,241,118 | €1,155,667 | -€85,451 | -6.9% |
| Land and buildings | 22 | €1,241,118 | €1,155,667 | -€85,451 | -6.9% |
| Plant, machinery and equipment | 23 | €0 | €0 | = | |
| Current assets | 29/58 | €7,581 | €22,650 | +€15,068 | +198.8% |
| Cash at bank and in hand | 54/58 | €5,552 | €20,531 | +€14,978 | +269.8% |
| Deferred charges and accrued income | 490/1 | €2,029 | €2,119 | +€90 | +4.5% |
| Total equity and liabilities | 10/49 | €1,248,700 | €1,178,317 | -€70,383 | -5.6% |
| Equity | 10/15 | €506,543 | €505,446 | -€1,097 | -0.2% |
| Contributions | 10/11 | €185,920 | €185,920 | = | 0.0% |
| Reserves | 13 | €349,270 | €346,333 | -€2,937 | -0.8% |
| Tax-exempt reserves | 132 | €49,931 | €46,994 | -€2,937 | -5.9% |
| Distributable reserves | 133 | €299,339 | €299,339 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€28,647 | -€26,808 | +€1,839 | +6.4% |
| Provisions and deferred taxes | 16 | €16,644 | €15,665 | -€979 | -5.9% |
| Deferred taxes | 168 | €16,644 | €15,665 | -€979 | -5.9% |
| Amounts payable | 17/49 | €725,513 | €657,207 | -€68,307 | -9.4% |
| Amounts payable after more than one year | 17 | €210,979 | €193,065 | -€17,914 | -8.5% |
| Financial debts | 170/4 | €210,979 | €193,065 | -€17,914 | -8.5% |
| Amounts payable within one year | 42/48 | €514,534 | €464,141 | -€50,393 | -9.8% |
| Current portion of amounts payable after more than one year | 42 | €17,674 | €17,914 | +€240 | +1.4% |
| Trade debts | 44 | €2,607 | €111 | -€2,496 | -95.7% |
| Suppliers | 440/4 | €2,607 | €111 | -€2,496 | -95.7% |
| Other amounts payable | 47/48 | €494,253 | €446,117 | -€48,137 | -9.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €96,855 | €89,110 | -€7,745 | -8.0% |
| Other operating charges | 640/8 | €7,268 | €7,306 | +€38 | +0.5% |
| Gross operating margin | 9900 | €92,687 | €98,195 | +€5,507 | +5.9% |
| Operating profit (loss) | 9901 | -€11,436 | €1,778 | +€13,214 | |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €4,137 | €3,854 | -€282 | -6.8% |
| Recurring financial charges | 65 | €4,137 | €3,854 | -€282 | -6.8% |
| Profit (loss) for the period before taxes | 9903 | -€15,572 | -€2,076 | +€13,496 | +86.7% |
| Transfer from deferred taxes | 780 | €3,190 | €979 | -€2,211 | -69.3% |
| Profit (loss) for the period | 9904 | -€12,382 | -€1,097 | +€11,285 | +91.1% |
| Transfer from tax-exempt reserves | 789 | €9,570 | €2,937 | -€6,634 | -69.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€2,811 | €1,839 | +€4,651 |
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 8 October 2026 via checked.be.