MI-COM: 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.
MI-COM
Largest movements
- Cash -€285,724
down €285,724 (-87.5%), from €326,699 to €40,976
mainly Other debts (-€287,952) and Stocks and contracts (-€16,500)
- Tangible fixed assets -€24,559
down €24,559 (-19.7%), from €124,923 to €100,363
of which Leasing and similar rights: -€98,152
- Stocks and contracts +€16,500
up €16,500 (+70.2%), from €23,500 to €40,000
- Other debts -€287,952
down €287,952 (-100.0%), from €287,952 to €0
- Profit (loss) carried forward +€20,408
up €20,408 (+17.0%), from €120,038 to €140,446
- Accrued charges and deferred income -€12,299
down €12,299 (-100.0%), from €12,299 to €0
- Debts after one year -€9,645
down €9,645 (-28.4%), from €33,985 to €24,340
- Tax, wage and social debts -€6,111
down €6,111 (-81.1%), from €7,538 to €1,428
of which Taxes: -€6,111
- Gross operating margin -€168,097
down €168,097 (-74.3%), from €226,145 to €58,048
- Taxes -€42,933
down €42,933 (-90.3%), from €47,531 to €4,598
- Depreciation +€10,700
up €10,700 (+64.9%), from €16,477 to €27,177
- Financial income -€2,738
down €2,738 (-74.4%), from €3,678 to €940
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €492,712 | €200,025 | -€292,687 | -59.4% |
| Fixed assets | 21/28 | €125,173 | €100,613 | -€24,559 | -19.6% |
| Tangible fixed assets | 22/27 | €124,923 | €100,363 | -€24,559 | -19.7% |
| Plant, machinery and equipment | 23 | €10,236 | €6,895 | -€3,341 | -32.6% |
| Furniture and vehicles | 24 | - | €78,693 | +€78,693 | |
| Leasing and similar rights | 25 | €98,152 | - | -€98,152 | |
| Other tangible fixed assets | 26 | €16,535 | €14,775 | -€1,759 | -10.6% |
| Financial fixed assets | 28 | €250 | €250 | = | 0.0% |
| Current assets | 29/58 | €367,539 | €99,411 | -€268,128 | -73.0% |
| Stocks and contracts in progress | 3 | €23,500 | €40,000 | +€16,500 | +70.2% |
| Stocks | 30/36 | €23,500 | €40,000 | +€16,500 | +70.2% |
| Amounts receivable within one year | 40/41 | €13,228 | €14,639 | +€1,411 | +10.7% |
| Trade receivables | 40 | €13,064 | €11,815 | -€1,250 | -9.6% |
| Other amounts receivable | 41 | €164 | €2,824 | +€2,661 | +1624.3% |
| Cash at bank and in hand | 54/58 | €326,699 | €40,976 | -€285,724 | -87.5% |
| Deferred charges and accrued income | 490/1 | €4,112 | €3,797 | -€315 | -7.7% |
| Total equity and liabilities | 10/49 | €492,712 | €200,025 | -€292,687 | -59.4% |
| Equity | 10/15 | €138,638 | €159,046 | +€20,408 | +14.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | €120,038 | €140,446 | +€20,408 | +17.0% |
| Amounts payable | 17/49 | €354,074 | €40,979 | -€313,096 | -88.4% |
| Amounts payable after more than one year | 17 | €33,985 | €24,340 | -€9,645 | -28.4% |
| Financial debts | 170/4 | €33,985 | €24,340 | -€9,645 | -28.4% |
| Amounts payable within one year | 42/48 | €307,790 | €16,639 | -€291,151 | -94.6% |
| Current portion of amounts payable after more than one year | 42 | €9,402 | €9,645 | +€244 | +2.6% |
| Trade debts | 44 | €2,898 | €5,566 | +€2,669 | +92.1% |
| Suppliers | 440/4 | €2,898 | €5,566 | +€2,669 | +92.1% |
| Taxes, remuneration and social security | 45 | €7,538 | €1,428 | -€6,111 | -81.1% |
| Taxes | 450/3 | €7,235 | €1,124 | -€6,111 | -84.5% |
| Remuneration and social security | 454/9 | €304 | €304 | = | 0.0% |
| Other amounts payable | 47/48 | €287,952 | €0 | -€287,952 | -100.0% |
| Accrued charges and deferred income | 492/3 | €12,299 | €0 | -€12,299 | -100.0% |
| Remuneration, social security and pensions | 62 | €515 | €447 | -€68 | -13.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,477 | €27,177 | +€10,700 | +64.9% |
| Other operating charges | 640/8 | €6,438 | €5,234 | -€1,203 | -18.7% |
| Gross operating margin | 9900 | €226,145 | €58,048 | -€168,097 | -74.3% |
| Operating profit (loss) | 9901 | €202,715 | €25,189 | -€177,526 | -87.6% |
| Financial income | 75/76B | €3,678 | €940 | -€2,738 | -74.4% |
| Recurring financial income | 75 | €3,678 | €940 | -€2,738 | -74.4% |
| Financial charges | 65/66B | €1,335 | €1,123 | -€212 | -15.9% |
| Recurring financial charges | 65 | €1,335 | €1,123 | -€212 | -15.9% |
| Profit (loss) for the period before taxes | 9903 | €205,058 | €25,006 | -€180,052 | -87.8% |
| Income taxes | 67/77 | €47,531 | €4,598 | -€42,933 | -90.3% |
| Profit (loss) for the period | 9904 | €157,527 | €20,408 | -€137,118 | -87.0% |
| Profit (loss) for the period to be appropriated | 9905 | €157,527 | €20,408 | -€137,118 | -87.0% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.