MICA: 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.
MICA
Largest movements
- Tangible fixed assets +€2.6m
up €2.6m (+5,744%), from €44,806 to €2.6m
of which Land and buildings: +€2.6m
- Financial fixed assets -€1.4m
down €1.4m (-100%), from €1.4m to €0
- Receivables within one year -€869,774
down €869,774 (-86.9%), from €1.0m to €131,398
of which Other amounts receivable: -€869,774
- Cash +€622,027
up €622,027 (+11,755%), from €5,292 to €627,319
mainly Receivables within one year (+€869,774) and Receivables after one year (+€331,829)
- Receivables after one year -€331,829
down €331,829 (-89.2%), from €371,829 to €40,000
- Debts after one year +€314,723
new in 2025: €314,723
- Contributions -€201,545
down €201,545 (-8.0%), from €2.5m to €2.3m
- Reserves +€139,231
up €139,231 (+22.4%), from €621,814 to €761,045
- Financial income +€278,827
up €278,827 (+3,682%), from €7,573 to €286,400
- Depreciation +€112,711
up €112,711 (+880%), from €12,811 to €125,522
- Gross operating margin +€110,895
up €110,895, from -€18,245 to €92,650
- Taxes +€20,497
up €20,497 (+4,464%), from €459 to €20,956
- Other operating charges +€9,768
up €9,768 (+438%), from €2,230 to €11,998
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 | €3,162,492 | €3,456,467 | +€293,975 | +9.3% |
| Fixed assets | 21/28 | €1,448,670 | €2,618,647 | +€1.2m | +80.8% |
| Tangible fixed assets | 22/27 | €44,806 | €2,618,647 | +€2.6m | +5,744% |
| Land and buildings | 22 | - | €2,586,273 | +€2.6m | |
| Furniture and vehicles | 24 | €44,806 | €32,375 | -€12,432 | -27.7% |
| Financial fixed assets | 28 | €1,403,864 | €0 | -€1.4m | -100% |
| Current assets | 29/58 | €1,713,822 | €837,820 | -€876,002 | -51.1% |
| Amounts receivable after more than one year | 29 | €371,829 | €40,000 | -€331,829 | -89.2% |
| Other amounts receivable | 291 | €371,829 | €40,000 | -€331,829 | -89.2% |
| Amounts receivable within one year | 40/41 | €1,001,172 | €131,398 | -€869,774 | -86.9% |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | €1,001,172 | €131,398 | -€869,774 | -86.9% |
| Current investments | 50/53 | €335,529 | €35,529 | -€300,000 | -89.4% |
| Cash at bank and in hand | 54/58 | €5,292 | €627,319 | +€622,027 | +11,755% |
| Deferred charges and accrued income | 490/1 | €0 | €3,574 | +€3,574 | |
| Total equity and liabilities | 10/49 | €3,162,492 | €3,456,467 | +€293,975 | +9.3% |
| Equity | 10/15 | €3,150,073 | €3,087,759 | -€62,314 | -2.0% |
| Contributions | 10/11 | €2,528,259 | €2,326,714 | -€201,545 | -8.0% |
| Reserves | 13 | €621,814 | €761,045 | +€139,231 | +22.4% |
| Distributable reserves | 133 | €621,814 | €761,045 | +€139,231 | +22.4% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €12,419 | €368,708 | +€356,289 | +2,869% |
| Amounts payable after more than one year | 17 | - | €314,723 | +€314,723 | |
| Financial debts | 170/4 | - | €314,723 | +€314,723 | |
| Amounts payable within one year | 42/48 | €12,419 | €53,985 | +€41,566 | +335% |
| Current portion of amounts payable after more than one year | 42 | - | €31,789 | +€31,789 | |
| Trade debts | 44 | €620 | €1,716 | +€1,096 | +177% |
| Suppliers | 440/4 | €620 | €1,716 | +€1,096 | +177% |
| Taxes, remuneration and social security | 45 | €403 | €16,046 | +€15,643 | +3,881% |
| Taxes | 450/3 | €403 | €16,046 | +€15,643 | +3,881% |
| Other amounts payable | 47/48 | €11,397 | €4,434 | -€6,963 | -61.1% |
| Non-recurring operating income | 76A | - | €1,298 | +€1,298 | |
| Remuneration, social security and pensions | 62 | €277 | €0 | -€277 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,811 | €125,522 | +€112,711 | +880% |
| Other operating charges | 640/8 | €2,230 | €11,998 | +€9,768 | +438% |
| Non-recurring operating charges | 66A | - | €23,787 | +€23,787 | |
| Gross operating margin | 9900 | -€18,245 | €92,650 | +€110,895 | |
| Operating profit (loss) | 9901 | -€33,563 | -€68,656 | -€35,094 | -105% |
| Financial income | 75/76B | €7,573 | €286,400 | +€278,827 | +3,682% |
| Recurring financial income | 75 | €7,573 | €286,400 | +€278,827 | +3,682% |
| Financial charges | 65/66B | €3,142 | €9,101 | +€5,960 | +190% |
| Recurring financial charges | 65 | €3,142 | €9,101 | +€5,960 | +190% |
| Profit (loss) for the period before taxes | 9903 | -€29,131 | €208,642 | +€237,774 | |
| Income taxes | 67/77 | €459 | €20,956 | +€20,497 | +4,464% |
| Profit (loss) for the period | 9904 | -€29,591 | €187,686 | +€217,277 | |
| Profit (loss) for the period to be appropriated | 9905 | -€29,591 | €187,686 | +€217,277 |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 17 October 2026 via checked.be.