MICADAU: 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.
MICADAU
Largest movements
- Tangible fixed assets -€12,388
down €12,388 (-5.6%), from €222,402 to €210,014
of which Furniture and vehicles: -€12,388
- Other debts +€49,584
up €49,584 (+65.7%), from €75,496 to €125,080
- Debts after one year -€45,000
down €45,000 (-8.7%), from €518,403 to €473,403
- Profit (loss) carried forward -€17,311
down €17,311 (-2.8%), from -€624,924 to -€642,234
- Gross operating margin -€28,376
down €28,376, from €27,565 to -€811
- Depreciation -€11,668
down €11,668 (-48.5%), from €24,056 to €12,388
- Financial charges -€372
down €372 (-88.6%), from €420 to €48
- Other operating charges +€302
up €302 (+8.5%), from €3,543 to €3,845
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 | €762,773 | €750,625 | -€12,148 | -1.6% |
| Fixed assets | 21/28 | €320,402 | €308,014 | -€12,388 | -3.9% |
| Tangible fixed assets | 22/27 | €222,402 | €210,014 | -€12,388 | -5.6% |
| Land and buildings | 22 | €204,803 | €204,803 | = | 0.0% |
| Furniture and vehicles | 24 | €17,600 | €5,211 | -€12,388 | -70.4% |
| Financial fixed assets | 28 | €98,000 | €98,000 | = | 0.0% |
| Current assets | 29/58 | €442,370 | €442,611 | +€241 | +0.1% |
| Amounts receivable within one year | 40/41 | €436,403 | €436,403 | = | 0.0% |
| Other amounts receivable | 41 | €436,403 | €436,403 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €1,894 | €3,293 | +€1,399 | +73.8% |
| Deferred charges and accrued income | 490/1 | €4,073 | €2,915 | -€1,158 | -28.4% |
| Total equity and liabilities | 10/49 | €762,773 | €750,625 | -€12,148 | -1.6% |
| Equity | 10/15 | €166,592 | €149,281 | -€17,311 | -10.4% |
| Contributions | 10/11 | €252,876 | €252,876 | = | 0.0% |
| Reserves | 13 | €538,640 | €538,640 | = | 0.0% |
| Non-distributable reserves | 130/1 | €189,391 | €189,391 | = | 0.0% |
| Reserves not available under the articles | 1311 | €189,391 | €189,391 | = | 0.0% |
| Tax-exempt reserves | 132 | €20,745 | €20,745 | = | 0.0% |
| Distributable reserves | 133 | €328,504 | €328,504 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€624,924 | -€642,234 | -€17,311 | -2.8% |
| Amounts payable | 17/49 | €596,181 | €601,344 | +€5,163 | +0.9% |
| Amounts payable after more than one year | 17 | €518,403 | €473,403 | -€45,000 | -8.7% |
| Financial debts | 170/4 | €518,403 | €473,403 | -€45,000 | -8.7% |
| Amounts payable within one year | 42/48 | €75,683 | €125,261 | +€49,578 | +65.5% |
| Trade debts | 44 | €0 | €5 | +€5 | |
| Suppliers | 440/4 | €0 | €5 | +€5 | |
| Taxes, remuneration and social security | 45 | €187 | €176 | -€11 | -5.9% |
| Taxes | 450/3 | €187 | €176 | -€11 | -5.9% |
| Other amounts payable | 47/48 | €75,496 | €125,080 | +€49,584 | +65.7% |
| Accrued charges and deferred income | 492/3 | €2,095 | €2,680 | +€585 | +27.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €24,056 | €12,388 | -€11,668 | -48.5% |
| Other operating charges | 640/8 | €3,543 | €3,845 | +€302 | +8.5% |
| Gross operating margin | 9900 | €27,565 | -€811 | -€28,376 | |
| Operating profit (loss) | 9901 | -€34 | -€17,044 | -€17,010 | -50266.0% |
| Financial income | 75/76B | €264 | €0 | -€264 | -100.0% |
| Recurring financial income | 75 | €264 | €0 | -€264 | -100.0% |
| Financial charges | 65/66B | €420 | €48 | -€372 | -88.6% |
| Recurring financial charges | 65 | €420 | €48 | -€372 | -88.6% |
| Profit (loss) for the period before taxes | 9903 | -€189 | -€17,092 | -€16,903 | -8932.8% |
| Income taxes | 67/77 | €187 | €219 | +€31 | +16.8% |
| Profit (loss) for the period | 9904 | -€376 | -€17,311 | -€16,934 | -4498.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€376 | -€17,311 | -€16,934 | -4498.9% |
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 1 October 2026 via checked.be.