M.I.C.: 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.
M.I.C.
Largest movements
- Receivables within one year -€62,863
down €62,863 (-60.9%), from €103,305 to €40,442
of which Trade receivables: -€57,110
- Tangible fixed assets +€24,287
up €24,287 (+6.3%), from €385,362 to €409,649
of which Furniture and vehicles: +€30,826
- Cash -€6,256
down €6,256 (-51.1%), from €12,241 to €5,986
mainly Net result for the year (-€78,905) and Investment in fixed assets (net) (-€56,170)
- Profit (loss) carried forward -€75,584
down €75,584 (-135%), from -€56,086 to -€131,670
- Other debts +€49,685
new in 2025: €49,685
- Trade debts -€13,852
down €13,852 (-18.3%), from €75,849 to €61,998
- Tax, wage and social debts +€7,225
up €7,225 (+39.8%), from €18,155 to €25,380
of which Taxes: +€3,728
- Debts after one year -€5,171
down €5,171 (-2.5%), from €205,518 to €200,347
- Gross operating margin -€45,256
down €45,256 (-35.6%), from €127,039 to €81,783
- Depreciation +€21,009
up €21,009 (+193%), from €10,874 to €31,883
- Staff costs +€13,329
up €13,329 (+13.9%), from €95,793 to €109,121
- Other operating charges +€2,459
up €2,459 (+191%), from €1,289 to €3,748
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 | €502,155 | €460,443 | -€41,712 | -8.3% |
| Fixed assets | 21/28 | €385,362 | €409,649 | +€24,287 | +6.3% |
| Tangible fixed assets | 22/27 | €385,362 | €409,649 | +€24,287 | +6.3% |
| Land and buildings | 22 | €266,742 | €257,524 | -€9,218 | -3.5% |
| Furniture and vehicles | 24 | €59,005 | €89,831 | +€30,826 | +52.2% |
| Assets under construction and advance payments | 27 | €59,616 | €62,295 | +€2,679 | +4.5% |
| Current assets | 29/58 | €116,793 | €50,793 | -€65,999 | -56.5% |
| Amounts receivable within one year | 40/41 | €103,305 | €40,442 | -€62,863 | -60.9% |
| Trade receivables | 40 | €72,971 | €15,860 | -€57,110 | -78.3% |
| Other amounts receivable | 41 | €30,334 | €24,581 | -€5,753 | -19.0% |
| Cash at bank and in hand | 54/58 | €12,241 | €5,986 | -€6,256 | -51.1% |
| Deferred charges and accrued income | 490/1 | €1,247 | €4,366 | +€3,119 | +250% |
| Total equity and liabilities | 10/49 | €502,155 | €460,443 | -€41,712 | -8.3% |
| Equity | 10/15 | €137,950 | €59,044 | -€78,905 | -57.2% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €181,636 | €178,314 | -€3,322 | -1.8% |
| Tax-exempt reserves | 132 | €179,776 | €176,454 | -€3,322 | -1.8% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€56,086 | -€131,670 | -€75,584 | -135% |
| Provisions and deferred taxes | 16 | €59,925 | €58,818 | -€1,107 | -1.8% |
| Deferred taxes | 168 | €59,925 | €58,818 | -€1,107 | -1.8% |
| Amounts payable | 17/49 | €304,279 | €342,580 | +€38,301 | +12.6% |
| Amounts payable after more than one year | 17 | €205,518 | €200,347 | -€5,171 | -2.5% |
| Financial debts | 170/4 | €205,518 | €200,347 | -€5,171 | -2.5% |
| Amounts payable within one year | 42/48 | €98,762 | €142,233 | +€43,472 | +44.0% |
| Current portion of amounts payable after more than one year | 42 | €4,757 | €5,171 | +€414 | +8.7% |
| Trade debts | 44 | €75,849 | €61,998 | -€13,852 | -18.3% |
| Suppliers | 440/4 | €75,849 | €61,998 | -€13,852 | -18.3% |
| Taxes, remuneration and social security | 45 | €18,155 | €25,380 | +€7,225 | +39.8% |
| Taxes | 450/3 | €2,893 | €6,622 | +€3,728 | +129% |
| Remuneration and social security | 454/9 | €15,262 | €18,758 | +€3,496 | +22.9% |
| Other amounts payable | 47/48 | - | €49,685 | +€49,685 | |
| Remuneration, social security and pensions | 62 | €95,793 | €109,121 | +€13,329 | +13.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,874 | €31,883 | +€21,009 | +193% |
| Other operating charges | 640/8 | €1,289 | €3,748 | +€2,459 | +191% |
| Gross operating margin | 9900 | €127,039 | €81,783 | -€45,256 | -35.6% |
| Operating profit (loss) | 9901 | €19,084 | -€62,969 | -€82,053 | |
| Financial income | 75/76B | €1,319 | €678 | -€641 | -48.6% |
| Recurring financial income | 75 | €1,319 | €678 | -€641 | -48.6% |
| Financial charges | 65/66B | €17,888 | €17,487 | -€401 | -2.2% |
| Recurring financial charges | 65 | €17,888 | €17,487 | -€401 | -2.2% |
| Profit (loss) for the period before taxes | 9903 | €2,515 | -€79,778 | -€82,293 | |
| Transfer from deferred taxes | 780 | €1,066 | €1,107 | +€41 | +3.9% |
| Income taxes | 67/77 | €83 | €235 | +€152 | +183% |
| Profit (loss) for the period | 9904 | €3,498 | -€78,905 | -€82,403 | |
| Transfer from tax-exempt reserves | 789 | €3,197 | €3,322 | +€124 | +3.9% |
| Profit (loss) for the period to be appropriated | 9905 | €6,695 | -€75,584 | -€82,279 |
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 14 October 2026 via checked.be.