MICAB: 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.
MICAB
Largest movements
- Stocks and contracts +€391,886
up €391,886 (+37.9%), from €1.0m to €1.4m
of which Contracts in progress: +€391,886
- Cash +€37,652
up €37,652 (+289.2%), from €13,017 to €50,669
mainly Other debts (+€372,202) and Trade debts (+€31,836)
- Receivables within one year +€22,693
up €22,693 (+200.3%), from €11,328 to €34,021
of which Other amounts receivable: +€12,298
- Other debts +€372,202
up €372,202 (+918.9%), from €40,506 to €412,708
- Trade debts +€31,836
up €31,836 (+63.4%), from €50,175 to €82,010
- Debts after one year +€25,749
up €25,749 (+3.3%), from €785,000 to €810,749
- Tax, wage and social debts +€18,398
up €18,398 (+230.7%), from €7,974 to €26,372
- Gross operating margin +€22,277
up €22,277 (+67.3%), from €33,124 to €55,401
- Other operating charges +€14,917
up €14,917 (+520.5%), from €2,866 to €17,783
- Taxes +€6,675
up €6,675 (+165.9%), from €4,022 to €10,697
- Financial charges -€2,170
down €2,170 (-56.5%), from €3,840 to €1,670
- Depreciation -€1,195
down €1,195 (-7.0%), from €16,996 to €15,801
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,104,121 | €1,565,421 | +€461,300 | +41.8% |
| Fixed assets | 21/28 | €44,574 | €45,890 | +€1,317 | +3.0% |
| Tangible fixed assets | 22/27 | €44,574 | €45,890 | +€1,317 | +3.0% |
| Land and buildings | 22 | - | €10,850 | +€10,850 | |
| Plant, machinery and equipment | 23 | €41,538 | €33,120 | -€8,418 | -20.3% |
| Furniture and vehicles | 24 | €3,036 | €1,921 | -€1,115 | -36.7% |
| Current assets | 29/58 | €1,059,547 | €1,519,531 | +€459,983 | +43.4% |
| Stocks and contracts in progress | 3 | €1,033,057 | €1,424,943 | +€391,886 | +37.9% |
| Stocks | 30/36 | €39,851 | €39,851 | = | 0.0% |
| Contracts in progress | 37 | €993,206 | €1,385,092 | +€391,886 | +39.5% |
| Amounts receivable within one year | 40/41 | €11,328 | €34,021 | +€22,693 | +200.3% |
| Trade receivables | 40 | €1,948 | €12,343 | +€10,395 | +533.7% |
| Other amounts receivable | 41 | €9,380 | €21,677 | +€12,298 | +131.1% |
| Cash at bank and in hand | 54/58 | €13,017 | €50,669 | +€37,652 | +289.2% |
| Deferred charges and accrued income | 490/1 | €2,146 | €9,898 | +€7,752 | +361.3% |
| Total equity and liabilities | 10/49 | €1,104,121 | €1,565,421 | +€461,300 | +41.8% |
| Equity | 10/15 | €71,049 | €80,498 | +€9,449 | +13.3% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €64,849 | €74,298 | +€9,449 | +14.6% |
| Distributable reserves | 133 | €64,849 | €74,298 | +€9,449 | +14.6% |
| Amounts payable | 17/49 | €1,033,072 | €1,484,923 | +€451,851 | +43.7% |
| Amounts payable after more than one year | 17 | €785,000 | €810,749 | +€25,749 | +3.3% |
| Financial debts | 170/4 | €785,000 | €810,749 | +€25,749 | +3.3% |
| Amounts payable within one year | 42/48 | €248,072 | €674,173 | +€426,102 | +171.8% |
| Financial debts | 43 | €149,417 | €153,083 | +€3,666 | +2.5% |
| Credit institutions | 430/8 | €149,417 | €153,083 | +€3,666 | +2.5% |
| Trade debts | 44 | €50,175 | €82,010 | +€31,836 | +63.4% |
| Suppliers | 440/4 | €50,175 | €82,010 | +€31,836 | +63.4% |
| Taxes, remuneration and social security | 45 | €7,974 | €26,372 | +€18,398 | +230.7% |
| Taxes | 450/3 | €7,974 | €26,372 | +€18,398 | +230.7% |
| Other amounts payable | 47/48 | €40,506 | €412,708 | +€372,202 | +918.9% |
| Non-recurring operating income | 76A | - | €27,429 | +€27,429 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,996 | €15,801 | -€1,195 | -7.0% |
| Other operating charges | 640/8 | €2,866 | €17,783 | +€14,917 | +520.5% |
| Gross operating margin | 9900 | €33,124 | €55,401 | +€22,277 | +67.3% |
| Operating profit (loss) | 9901 | €13,262 | €21,817 | +€8,555 | +64.5% |
| Financial income | 75/76B | €52 | - | -€52 | |
| Recurring financial income | 75 | €52 | - | -€52 | |
| Financial charges | 65/66B | €3,840 | €1,670 | -€2,170 | -56.5% |
| Recurring financial charges | 65 | €3,840 | €1,670 | -€2,170 | -56.5% |
| Profit (loss) for the period before taxes | 9903 | €9,473 | €20,146 | +€10,673 | +112.7% |
| Income taxes | 67/77 | €4,022 | €10,697 | +€6,675 | +165.9% |
| Profit (loss) for the period | 9904 | €5,451 | €9,449 | +€3,998 | +73.3% |
| Profit (loss) for the period to be appropriated | 9905 | €5,451 | €9,449 | +€3,998 | +73.3% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.