MICAGRI: 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.
MICAGRI
Largest movements
- Receivables within one year +€77,219
up €77,219 (+953.2%), from €8,101 to €85,320
of which Trade receivables: +€66,047
- Tangible fixed assets -€20,252
down €20,252 (-2.5%), from €819,387 to €799,135
of which Plant, machinery and equipment: -€79,795
- Other debts +€127,341
up €127,341 (+47.0%), from €270,676 to €398,017
- Debts after one year -€20,708
down €20,708 (-5.2%), from €396,826 to €376,118
- Current portion of long-term debt -€19,522
down €19,522 (-15.7%), from €124,005 to €104,484
- Trade debts -€12,337
down €12,337 (-64.6%), from €19,098 to €6,761
- Depreciation +€10,477
up €10,477 (+7.0%), from €149,482 to €159,959
- Gross operating margin +€9,485
up €9,485 (+6.7%), from €141,195 to €150,680
- Financial income -€2,103
down €2,103 (-17.8%), from €11,792 to €9,689
of which Financial income: -€2,903
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 | €880,649 | €937,762 | +€57,113 | +6.5% |
| Fixed assets | 21/28 | €819,387 | €799,135 | -€20,252 | -2.5% |
| Tangible fixed assets | 22/27 | €819,387 | €799,135 | -€20,252 | -2.5% |
| Land and buildings | 22 | €69,738 | €69,206 | -€532 | -0.8% |
| Plant, machinery and equipment | 23 | €749,262 | €669,467 | -€79,795 | -10.6% |
| Furniture and vehicles | 24 | €387 | €60,461 | +€60,075 | +15542.1% |
| Current assets | 29/58 | €61,263 | €138,627 | +€77,365 | +126.3% |
| Stocks and contracts in progress | 3 | €43,430 | €52,278 | +€8,849 | +20.4% |
| Stocks | 30/36 | €43,430 | €52,278 | +€8,849 | +20.4% |
| Amounts receivable within one year | 40/41 | €8,101 | €85,320 | +€77,219 | +953.2% |
| Trade receivables | 40 | €8,101 | €74,148 | +€66,047 | +815.3% |
| Other amounts receivable | 41 | - | €11,172 | +€11,172 | |
| Cash at bank and in hand | 54/58 | €5,396 | - | -€5,396 | |
| Deferred charges and accrued income | 490/1 | €4,336 | €1,029 | -€3,307 | -76.3% |
| Total equity and liabilities | 10/49 | €880,649 | €937,762 | +€57,113 | +6.5% |
| Equity | 10/15 | €49,398 | €34,695 | -€14,703 | -29.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €2,279 | -€3,626 | -€5,905 | |
| Investment grants | 15 | €26,658 | €17,860 | -€8,798 | -33.0% |
| Amounts payable | 17/49 | €831,251 | €903,067 | +€71,816 | +8.6% |
| Amounts payable after more than one year | 17 | €396,826 | €376,118 | -€20,708 | -5.2% |
| Financial debts | 170/4 | €396,826 | €376,118 | -€20,708 | -5.2% |
| Amounts payable within one year | 42/48 | €433,226 | €525,749 | +€92,524 | +21.4% |
| Current portion of amounts payable after more than one year | 42 | €124,005 | €104,484 | -€19,522 | -15.7% |
| Financial debts | 43 | - | €168 | +€168 | |
| Credit institutions | 430/8 | - | €168 | +€168 | |
| Trade debts | 44 | €19,098 | €6,761 | -€12,337 | -64.6% |
| Suppliers | 440/4 | €19,098 | €6,761 | -€12,337 | -64.6% |
| Taxes, remuneration and social security | 45 | €19,446 | €16,320 | -€3,126 | -16.1% |
| Taxes | 450/3 | €12,246 | €6,720 | -€5,526 | -45.1% |
| Remuneration and social security | 454/9 | €7,200 | €9,600 | +€2,400 | +33.3% |
| Other amounts payable | 47/48 | €270,676 | €398,017 | +€127,341 | +47.0% |
| Accrued charges and deferred income | 492/3 | €1,200 | €1,200 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €149,482 | €159,959 | +€10,477 | +7.0% |
| Other operating charges | 640/8 | €317 | €1,211 | +€894 | +281.7% |
| Gross operating margin | 9900 | €141,195 | €150,680 | +€9,485 | +6.7% |
| Operating profit (loss) | 9901 | -€8,604 | -€10,490 | -€1,886 | -21.9% |
| Financial income | 75/76B | €11,792 | €9,689 | -€2,103 | -17.8% |
| Recurring financial income | 75 | €11,792 | €8,889 | -€2,903 | -24.6% |
| Non-recurring financial income | 76B | - | €800 | +€800 | |
| Financial charges | 65/66B | €5,828 | €5,104 | -€724 | -12.4% |
| Recurring financial charges | 65 | €5,828 | €5,104 | -€724 | -12.4% |
| Profit (loss) for the period before taxes | 9903 | -€2,640 | -€5,905 | -€3,265 | -123.7% |
| Profit (loss) for the period | 9904 | -€2,640 | -€5,905 | -€3,265 | -123.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€2,640 | -€5,905 | -€3,265 | -123.7% |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 2 October 2026 via checked.be.