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
- Cash -€82,144
down €82,144 (-74.0%), from €110,951 to €28,807
mainly Other debts (-€57,815) and Deferred charges and accrued income (-€34,336)
- Deferred charges and accrued income +€34,336
up €34,336 (+48.1%), from €71,342 to €105,678
- Receivables within one year +€14,406
up €14,406 (+3.1%), from €457,730 to €472,137
of which Trade receivables: +€13,419
- Tangible fixed assets -€12,785
down €12,785 (-45.7%), from €27,965 to €15,180
of which Plant, machinery and equipment: -€12,551
- Accrued charges and deferred income +€142,312
up €142,312, from €0 to €142,312
- Other debts -€57,815
down €57,815 (-21.0%), from €275,405 to €217,590
- Current portion of long-term debt -€29,211
down €29,211 (-15.1%), from €193,212 to €164,001
- Trade debts -€29,037
down €29,037 (-7.8%), from €373,103 to €344,066
- Profit (loss) carried forward -€25,839
down €25,839, from €14,614 to -€11,225
- Gross operating margin -€34,714
down €34,714 (-28.7%), from €120,811 to €86,097
- Write-downs +€15,920
new in 2025: €15,920
- Staff costs -€12,126
down €12,126 (-15.4%), from €78,738 to €66,612
- Taxes -€4,752
down €4,752 (-100.0%), from €4,752 to €0
- Depreciation -€4,652
down €4,652 (-58.3%), from €7,974 to €3,322
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 | €1,041,235 | €999,048 | -€42,188 | -4.1% |
| Fixed assets | 21/28 | €27,965 | €15,180 | -€12,785 | -45.7% |
| Tangible fixed assets | 22/27 | €27,965 | €15,180 | -€12,785 | -45.7% |
| Plant, machinery and equipment | 23 | €20,923 | €8,372 | -€12,551 | -60.0% |
| Furniture and vehicles | 24 | €0 | - | = | |
| Other tangible fixed assets | 26 | €7,042 | €6,808 | -€234 | -3.3% |
| Current assets | 29/58 | €1,013,270 | €983,868 | -€29,402 | -2.9% |
| Stocks and contracts in progress | 3 | €373,246 | €377,246 | +€4,000 | +1.1% |
| Stocks | 30/36 | €23,000 | €27,000 | +€4,000 | +17.4% |
| Contracts in progress | 37 | €350,246 | €350,246 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €457,730 | €472,137 | +€14,406 | +3.1% |
| Trade receivables | 40 | €448,044 | €461,463 | +€13,419 | +3.0% |
| Other amounts receivable | 41 | €9,686 | €10,673 | +€987 | +10.2% |
| Cash at bank and in hand | 54/58 | €110,951 | €28,807 | -€82,144 | -74.0% |
| Deferred charges and accrued income | 490/1 | €71,342 | €105,678 | +€34,336 | +48.1% |
| Total equity and liabilities | 10/49 | €1,041,235 | €999,048 | -€42,188 | -4.1% |
| Equity | 10/15 | €146,368 | €120,530 | -€25,839 | -17.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €113,155 | €113,155 | = | 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% |
| Tax-exempt reserves | 132 | €5,045 | €5,045 | = | 0.0% |
| Distributable reserves | 133 | €106,250 | €106,250 | = | 0.0% |
| Profit (loss) carried forward | 14 | €14,614 | -€11,225 | -€25,839 | |
| Amounts payable | 17/49 | €894,867 | €878,518 | -€16,349 | -1.8% |
| Amounts payable after more than one year | 17 | €15,511 | €0 | -€15,511 | -100.0% |
| Financial debts | 170/4 | €15,511 | €0 | -€15,511 | -100.0% |
| Amounts payable within one year | 42/48 | €879,356 | €736,206 | -€143,150 | -16.3% |
| Current portion of amounts payable after more than one year | 42 | €193,212 | €164,001 | -€29,211 | -15.1% |
| Financial debts | 43 | €4,558 | €218 | -€4,340 | -95.2% |
| Credit institutions | 430/8 | €4,558 | €218 | -€4,340 | -95.2% |
| Trade debts | 44 | €373,103 | €344,066 | -€29,037 | -7.8% |
| Suppliers | 440/4 | €373,103 | €344,066 | -€29,037 | -7.8% |
| Advances received on contracts in progress | 46 | €229 | €0 | -€229 | -100.0% |
| Taxes, remuneration and social security | 45 | €32,848 | €10,332 | -€22,517 | -68.5% |
| Taxes | 450/3 | €20,650 | €5,072 | -€15,578 | -75.4% |
| Remuneration and social security | 454/9 | €12,198 | €5,260 | -€6,938 | -56.9% |
| Other amounts payable | 47/48 | €275,405 | €217,590 | -€57,815 | -21.0% |
| Accrued charges and deferred income | 492/3 | €0 | €142,312 | +€142,312 | |
| Remuneration, social security and pensions | 62 | €78,738 | €66,612 | -€12,126 | -15.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,974 | €3,322 | -€4,652 | -58.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €15,920 | +€15,920 | |
| Other operating charges | 640/8 | €1,558 | €3,441 | +€1,884 | +120.9% |
| Non-recurring operating charges | 66A | €1,517 | €25 | -€1,492 | -98.4% |
| Gross operating margin | 9900 | €120,811 | €86,097 | -€34,714 | -28.7% |
| Operating profit (loss) | 9901 | €31,025 | -€3,222 | -€34,247 | |
| Financial income | 75/76B | €2,583 | €90 | -€2,492 | -96.5% |
| Recurring financial income | 75 | €2,583 | €90 | -€2,492 | -96.5% |
| Financial charges | 65/66B | €18,149 | €22,707 | +€4,558 | +25.1% |
| Recurring financial charges | 65 | €18,149 | €22,707 | +€4,558 | +25.1% |
| Profit (loss) for the period before taxes | 9903 | €15,459 | -€25,839 | -€41,297 | |
| Income taxes | 67/77 | €4,752 | €0 | -€4,752 | -100.0% |
| Profit (loss) for the period | 9904 | €10,707 | -€25,839 | -€36,546 | |
| Profit (loss) for the period to be appropriated | 9905 | €10,707 | -€25,839 | -€36,546 |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.