MICADEL GROUP: 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.
MICADEL GROUP
Largest movements
- Receivables within one year -€17,964
down €17,964 (-32.4%), from €55,382 to €37,418
of which Trade receivables: -€19,897
- Tangible fixed assets +€15,611
up €15,611 (+109.4%), from €14,268 to €29,879
of which Other tangible fixed assets: +€17,128
- Financial fixed assets +€13,000
up €13,000 (+364.7%), from €3,565 to €16,565
- Cash +€9,907
up €9,907 (+103.3%), from €9,592 to €19,499
mainly Trade debts (+€20,882) and Receivables within one year (+€17,964)
- Deferred charges and accrued income +€5,398
up €5,398 (+28.3%), from €19,046 to €24,444
- Trade debts +€20,882
up €20,882 (+189.1%), from €11,040 to €31,922
- Profit (loss) carried forward +€9,072
up €9,072 (+25.6%), from €35,436 to €44,508
- Debts after one year -€5,217
down €5,217 (-55.9%), from €9,337 to €4,120
- Gross operating margin +€107,737
up €107,737 (+159.4%), from €67,604 to €175,341
- Staff costs +€84,133
up €84,133 (+156.6%), from €53,736 to €137,869
- Other operating charges +€12,267
up €12,267 (+227.3%), from €5,398 to €17,665
- Taxes +€2,655
up €2,655 (+254.6%), from €1,043 to €3,698
- Financial charges -€2,034
down €2,034 (-50.0%), from €4,067 to €2,033
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 | €101,853 | €127,805 | +€25,952 | +25.5% |
| Fixed assets | 21/28 | €17,833 | €46,444 | +€28,611 | +160.4% |
| Tangible fixed assets | 22/27 | €14,268 | €29,879 | +€15,611 | +109.4% |
| Furniture and vehicles | 24 | €7,885 | €6,368 | -€1,517 | -19.2% |
| Other tangible fixed assets | 26 | €6,383 | €23,511 | +€17,128 | +268.3% |
| Financial fixed assets | 28 | €3,565 | €16,565 | +€13,000 | +364.7% |
| Current assets | 29/58 | €84,020 | €81,361 | -€2,659 | -3.2% |
| Amounts receivable within one year | 40/41 | €55,382 | €37,418 | -€17,964 | -32.4% |
| Trade receivables | 40 | €54,309 | €34,412 | -€19,897 | -36.6% |
| Other amounts receivable | 41 | €1,073 | €3,006 | +€1,933 | +180.1% |
| Cash at bank and in hand | 54/58 | €9,592 | €19,499 | +€9,907 | +103.3% |
| Deferred charges and accrued income | 490/1 | €19,046 | €24,444 | +€5,398 | +28.3% |
| Total equity and liabilities | 10/49 | €101,853 | €127,805 | +€25,952 | +25.5% |
| Equity | 10/15 | €55,196 | €64,268 | +€9,072 | +16.4% |
| Contributions | 10/11 | €17,900 | €17,900 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 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% |
| Profit (loss) carried forward | 14 | €35,436 | €44,508 | +€9,072 | +25.6% |
| Amounts payable | 17/49 | €46,657 | €63,537 | +€16,880 | +36.2% |
| Amounts payable after more than one year | 17 | €9,337 | €4,120 | -€5,217 | -55.9% |
| Financial debts | 170/4 | €9,337 | €4,120 | -€5,217 | -55.9% |
| Amounts payable within one year | 42/48 | €37,320 | €59,417 | +€22,097 | +59.2% |
| Current portion of amounts payable after more than one year | 42 | €4,916 | €5,216 | +€300 | +6.1% |
| Trade debts | 44 | €11,040 | €31,922 | +€20,882 | +189.1% |
| Suppliers | 440/4 | €11,040 | €31,922 | +€20,882 | +189.1% |
| Taxes, remuneration and social security | 45 | €17,764 | €18,679 | +€915 | +5.2% |
| Taxes | 450/3 | €14,041 | €12,646 | -€1,395 | -9.9% |
| Remuneration and social security | 454/9 | €3,723 | €6,033 | +€2,310 | +62.0% |
| Other amounts payable | 47/48 | €3,600 | €3,600 | = | 0.0% |
| Remuneration, social security and pensions | 62 | €53,736 | €137,869 | +€84,133 | +156.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,743 | €4,690 | +€1,947 | +71.0% |
| Other operating charges | 640/8 | €5,398 | €17,665 | +€12,267 | +227.3% |
| Non-recurring operating charges | 66A | €894 | €359 | -€535 | -59.8% |
| Gross operating margin | 9900 | €67,604 | €175,341 | +€107,737 | +159.4% |
| Operating profit (loss) | 9901 | €4,833 | €14,758 | +€9,925 | +205.4% |
| Financial income | 75/76B | - | €45 | +€45 | |
| Recurring financial income | 75 | - | €45 | +€45 | |
| Financial charges | 65/66B | €4,067 | €2,033 | -€2,034 | -50.0% |
| Recurring financial charges | 65 | €4,067 | €2,033 | -€2,034 | -50.0% |
| Profit (loss) for the period before taxes | 9903 | €766 | €12,770 | +€12,004 | +1567.1% |
| Income taxes | 67/77 | €1,043 | €3,698 | +€2,655 | +254.6% |
| Profit (loss) for the period | 9904 | -€277 | €9,072 | +€9,349 | |
| Profit (loss) for the period to be appropriated | 9905 | -€277 | €9,072 | +€9,349 |
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 29 September 2026 via checked.be.