MIC FRAMES: 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.
MIC FRAMES
Largest movements
- Cash +€53,476
up €53,476 (+11.5%), from €464,535 to €518,011
mainly Net result for the year (+€247,610) and Other debts (+€203,962)
- Receivables within one year +€45,525
up €45,525 (+66.4%), from €68,593 to €114,118
of which Other amounts receivable: +€62,082
- Receivables after one year +€20,077
up €20,077 (+2.8%), from €725,693 to €745,771
- Other debts +€203,962
up €203,962 (+33.3%), from €613,398 to €817,360
- Trade debts -€55,518
down €55,518 (-17.6%), from €314,926 to €259,408
- Tax, wage and social debts -€46,651
down €46,651 (-54.4%), from €85,799 to €39,148
of which Remuneration and social security: -€36,421
- Reserves +€15,000
up €15,000 (+5.0%), from €300,000 to €315,000
- Gross operating margin -€198,531
down €198,531 (-22.0%), from €902,950 to €704,419
- Staff costs -€114,008
down €114,008 (-20.6%), from €553,038 to €439,030
- Taxes -€20,004
down €20,004 (-75.9%), from €26,341 to €6,337
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 | €1,367,849 | €1,487,252 | +€119,403 | +8.7% |
| Fixed assets | 21/28 | €32,885 | €33,209 | +€324 | +1.0% |
| Tangible fixed assets | 22/27 | €32,637 | €32,961 | +€324 | +1.0% |
| Plant, machinery and equipment | 23 | €14,664 | €21,012 | +€6,348 | +43.3% |
| Furniture and vehicles | 24 | €17,973 | €11,949 | -€6,024 | -33.5% |
| Financial fixed assets | 28 | €248 | €248 | = | 0.0% |
| Current assets | 29/58 | €1,334,965 | €1,454,044 | +€119,079 | +8.9% |
| Amounts receivable after more than one year | 29 | €725,693 | €745,771 | +€20,077 | +2.8% |
| Other amounts receivable | 291 | €725,693 | €745,771 | +€20,077 | +2.8% |
| Stocks and contracts in progress | 3 | €76,144 | €76,144 | = | 0.0% |
| Stocks | 30/36 | €76,144 | €76,144 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €68,593 | €114,118 | +€45,525 | +66.4% |
| Trade receivables | 40 | €51,048 | €34,491 | -€16,557 | -32.4% |
| Other amounts receivable | 41 | €17,545 | €79,627 | +€62,082 | +353.9% |
| Cash at bank and in hand | 54/58 | €464,535 | €518,011 | +€53,476 | +11.5% |
| Total equity and liabilities | 10/49 | €1,367,849 | €1,487,252 | +€119,403 | +8.7% |
| Equity | 10/15 | €353,726 | €371,336 | +€17,610 | +5.0% |
| Contributions | 10/11 | €52,921 | €52,921 | = | 0.0% |
| Reserves | 13 | €300,000 | €315,000 | +€15,000 | +5.0% |
| Distributable reserves | 133 | €300,000 | €315,000 | +€15,000 | +5.0% |
| Profit (loss) carried forward | 14 | €805 | €3,414 | +€2,610 | +324.4% |
| Amounts payable | 17/49 | €1,014,124 | €1,115,917 | +€101,793 | +10.0% |
| Amounts payable within one year | 42/48 | €1,014,124 | €1,115,917 | +€101,793 | +10.0% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Trade debts | 44 | €314,926 | €259,408 | -€55,518 | -17.6% |
| Suppliers | 440/4 | €314,926 | €259,408 | -€55,518 | -17.6% |
| Advances received on contracts in progress | 46 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €85,799 | €39,148 | -€46,651 | -54.4% |
| Taxes | 450/3 | €10,230 | €0 | -€10,230 | -100.0% |
| Remuneration and social security | 454/9 | €75,569 | €39,148 | -€36,421 | -48.2% |
| Other amounts payable | 47/48 | €613,398 | €817,360 | +€203,962 | +33.3% |
| Remuneration, social security and pensions | 62 | €553,038 | €439,030 | -€114,008 | -20.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,655 | €13,880 | +€2,226 | +19.1% |
| Other operating charges | 640/8 | €1,304 | €1,305 | +€1 | +0.1% |
| Gross operating margin | 9900 | €902,950 | €704,419 | -€198,531 | -22.0% |
| Operating profit (loss) | 9901 | €336,954 | €250,204 | -€86,750 | -25.7% |
| Financial income | 75/76B | €16,377 | €17,688 | +€1,312 | +8.0% |
| Recurring financial income | 75 | €16,377 | €17,688 | +€1,312 | +8.0% |
| Financial charges | 65/66B | €10,086 | €13,945 | +€3,859 | +38.3% |
| Recurring financial charges | 65 | €10,086 | €13,945 | +€3,859 | +38.3% |
| Profit (loss) for the period before taxes | 9903 | €343,244 | €253,947 | -€89,297 | -26.0% |
| Income taxes | 67/77 | €26,341 | €6,337 | -€20,004 | -75.9% |
| Profit (loss) for the period | 9904 | €316,903 | €247,610 | -€69,293 | -21.9% |
| Profit (loss) for the period to be appropriated | 9905 | €316,903 | €247,610 | -€69,293 | -21.9% |
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 3 October 2026 via checked.be.