MICA: 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.
MICA
Largest movements
- Receivables within one year -€2,753
down €2,753 (-31.2%), from €8,820 to €6,067
of which Trade receivables: -€3,838
- Tangible fixed assets +€1,455
new in 2025: €1,455
- Cash +€1,068
up €1,068 (+50.6%), from €2,110 to €3,179
mainly Receivables within one year (+€2,753) and Trade debts (+€1,598)
- Other debts -€1,833
down €1,833 (-31.3%), from €5,865 to €4,032
- Trade debts +€1,598
up €1,598 (+90.7%), from €1,761 to €3,359
- Other operating charges +€419
up €419 (+72.9%), from €574 to €993
- Gross operating margin -€337
down €337 (-21.7%), from €1,554 to €1,216
- Depreciation +€110
up €110 (+137.0%), from €80 to €189
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 | €11,627 | €11,378 | -€249 | -2.1% |
| Fixed assets | 21/28 | - | €1,455 | +€1,455 | |
| Tangible fixed assets | 22/27 | - | €1,455 | +€1,455 | |
| Plant, machinery and equipment | 23 | - | €1,455 | +€1,455 | |
| Current assets | 29/58 | €11,627 | €9,922 | -€1,705 | -14.7% |
| Stocks and contracts in progress | 3 | €696 | €676 | -€20 | -2.8% |
| Stocks | 30/36 | €696 | €676 | -€20 | -2.8% |
| Amounts receivable within one year | 40/41 | €8,820 | €6,067 | -€2,753 | -31.2% |
| Trade receivables | 40 | €8,602 | €4,764 | -€3,838 | -44.6% |
| Other amounts receivable | 41 | €219 | €1,303 | +€1,085 | +496.0% |
| Cash at bank and in hand | 54/58 | €2,110 | €3,179 | +€1,068 | +50.6% |
| Total equity and liabilities | 10/49 | €11,627 | €11,378 | -€249 | -2.1% |
| Equity | 10/15 | €4,000 | €3,987 | -€13 | -0.3% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€16,452 | -€16,465 | -€13 | -0.1% |
| Amounts payable | 17/49 | €7,627 | €7,391 | -€236 | -3.1% |
| Amounts payable within one year | 42/48 | €7,627 | €7,391 | -€236 | -3.1% |
| Trade debts | 44 | €1,761 | €3,359 | +€1,598 | +90.7% |
| Suppliers | 440/4 | €1,761 | €3,359 | +€1,598 | +90.7% |
| Other amounts payable | 47/48 | €5,865 | €4,032 | -€1,833 | -31.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €80 | €189 | +€110 | +137.0% |
| Other operating charges | 640/8 | €574 | €993 | +€419 | +72.9% |
| Gross operating margin | 9900 | €1,554 | €1,216 | -€337 | -21.7% |
| Operating profit (loss) | 9901 | €899 | €34 | -€866 | -96.3% |
| Financial income | 75/76B | €2 | - | -€2 | |
| Recurring financial income | 75 | €2 | - | -€2 | |
| Financial charges | 65/66B | €40 | €47 | +€7 | +16.6% |
| Recurring financial charges | 65 | €40 | €47 | +€7 | +16.6% |
| Profit (loss) for the period before taxes | 9903 | €861 | -€13 | -€874 | |
| Profit (loss) for the period | 9904 | €861 | -€13 | -€874 | |
| Profit (loss) for the period to be appropriated | 9905 | €861 | -€13 | -€874 |
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.