MICA Projects: 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 Projects
Largest movements
- Receivables within one year -€52,824
down €52,824 (-82.5%), from €64,039 to €11,215
of which Trade receivables: -€61,023
- Cash +€30,617
up €30,617 (+2107.5%), from €1,453 to €32,070
mainly Receivables within one year (+€52,824) and Net result for the year (+€19,701)
- Tangible fixed assets -€1,050
down €1,050 (-20.7%), from €5,069 to €4,018
- Trade debts -€45,202
down €45,202 (-97.2%), from €46,528 to €1,326
- Reserves +€19,701
up €19,701 (+113.7%), from €17,334 to €37,035
- Tax, wage and social debts +€3,317
up €3,317 (+352.4%), from €941 to €4,258
of which Taxes: +€3,274
- Other debts -€1,760
down €1,760 (-59.4%), from €2,965 to €1,204
- Gross operating margin +€17,506
up €17,506 (+191.3%), from €9,150 to €26,656
- Taxes +€3,701
up €3,701 (+186.6%), from €1,984 to €5,685
- Depreciation +€867
up €867 (+471.9%), from €184 to €1,050
- Other operating charges -€385
down €385 (-75.1%), from €513 to €128
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 | €71,248 | €47,303 | -€23,945 | -33.6% |
| Fixed assets | 21/28 | €5,069 | €4,018 | -€1,050 | -20.7% |
| Tangible fixed assets | 22/27 | €5,069 | €4,018 | -€1,050 | -20.7% |
| Furniture and vehicles | 24 | €5,069 | €4,018 | -€1,050 | -20.7% |
| Current assets | 29/58 | €66,179 | €43,285 | -€22,894 | -34.6% |
| Amounts receivable within one year | 40/41 | €64,039 | €11,215 | -€52,824 | -82.5% |
| Trade receivables | 40 | €61,023 | €0 | -€61,023 | -100.0% |
| Other amounts receivable | 41 | €3,016 | €11,215 | +€8,199 | +271.8% |
| Cash at bank and in hand | 54/58 | €1,453 | €32,070 | +€30,617 | +2107.5% |
| Deferred charges and accrued income | 490/1 | €688 | €0 | -€688 | -100.0% |
| Total equity and liabilities | 10/49 | €71,248 | €47,303 | -€23,945 | -33.6% |
| Equity | 10/15 | €20,334 | €40,035 | +€19,701 | +96.9% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €17,334 | €37,035 | +€19,701 | +113.7% |
| Distributable reserves | 133 | €17,334 | €37,035 | +€19,701 | +113.7% |
| Amounts payable | 17/49 | €50,913 | €7,268 | -€43,645 | -85.7% |
| Amounts payable within one year | 42/48 | €50,433 | €6,788 | -€43,645 | -86.5% |
| Trade debts | 44 | €46,528 | €1,326 | -€45,202 | -97.2% |
| Suppliers | 440/4 | €46,528 | €1,326 | -€45,202 | -97.2% |
| Taxes, remuneration and social security | 45 | €941 | €4,258 | +€3,317 | +352.4% |
| Taxes | 450/3 | €941 | €4,216 | +€3,274 | +347.9% |
| Remuneration and social security | 454/9 | €0 | €42 | +€42 | |
| Other amounts payable | 47/48 | €2,965 | €1,204 | -€1,760 | -59.4% |
| Accrued charges and deferred income | 492/3 | €480 | €480 | = | 0.0% |
| Remuneration, social security and pensions | 62 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €184 | €1,050 | +€867 | +471.9% |
| Other operating charges | 640/8 | €513 | €128 | -€385 | -75.1% |
| Gross operating margin | 9900 | €9,150 | €26,656 | +€17,506 | +191.3% |
| Operating profit (loss) | 9901 | €8,453 | €25,478 | +€17,024 | +201.4% |
| Financial charges | 65/66B | €59 | €92 | +€34 | +57.4% |
| Recurring financial charges | 65 | €59 | €92 | +€34 | +57.4% |
| Profit (loss) for the period before taxes | 9903 | €8,395 | €25,386 | +€16,991 | +202.4% |
| Income taxes | 67/77 | €1,984 | €5,685 | +€3,701 | +186.6% |
| Profit (loss) for the period | 9904 | €6,411 | €19,701 | +€13,290 | +207.3% |
| Profit (loss) for the period to be appropriated | 9905 | €6,411 | €19,701 | +€13,290 | +207.3% |
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 6 October 2026 via checked.be.