MICAMIK: 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.
MICAMIK
Largest movements
- Receivables within one year -€177,095
down €177,095 (-38.8%), from €455,901 to €278,805
of which Trade receivables: -€174,507
- Deferred charges and accrued income +€68,490
up €68,490 (+295.9%), from €23,143 to €91,634
- Stocks and contracts +€39,113
up €39,113 (+12.1%), from €323,310 to €362,423
- Cash -€24,304
down €24,304 (-6.5%), from €374,119 to €349,815
mainly Contributions, distributions and other (-€355,000) and Trade debts (-€146,752)
- Trade debts -€146,752
down €146,752 (-51.6%), from €284,470 to €137,717
- Other debts -€75,000
down €75,000 (-17.4%), from €430,000 to €355,000
- Profit (loss) carried forward +€74,319
up €74,319 (+27.9%), from €266,649 to €340,968
- Accrued charges and deferred income +€49,358
up €49,358 (+192.8%), from €25,598 to €74,956
- Current portion of long-term debt -€31,609
down €31,609 (-71.5%), from €44,192 to €12,583
- Gross operating margin -€130,291
down €130,291 (-9.8%), from €1.3m to €1.2m
- Staff costs +€56,901
up €56,901 (+9.5%), from €599,853 to €656,754
- Taxes -€35,087
down €35,087 (-58.1%), from €60,412 to €25,325
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 | €1,505,546 | €1,403,635 | -€101,911 | -6.8% |
| Fixed assets | 21/28 | €329,073 | €320,958 | -€8,115 | -2.5% |
| Tangible fixed assets | 22/27 | €315,097 | €309,583 | -€5,513 | -1.7% |
| Land and buildings | 22 | €196,571 | €182,637 | -€13,934 | -7.1% |
| Plant, machinery and equipment | 23 | €117,162 | €125,110 | +€7,949 | +6.8% |
| Furniture and vehicles | 24 | €1,364 | €1,836 | +€472 | +34.6% |
| Financial fixed assets | 28 | €13,976 | €11,375 | -€2,602 | -18.6% |
| Current assets | 29/58 | €1,176,474 | €1,082,677 | -€93,796 | -8.0% |
| Stocks and contracts in progress | 3 | €323,310 | €362,423 | +€39,113 | +12.1% |
| Stocks | 30/36 | €323,310 | €362,423 | +€39,113 | +12.1% |
| Amounts receivable within one year | 40/41 | €455,901 | €278,805 | -€177,095 | -38.8% |
| Trade receivables | 40 | €223,662 | €49,155 | -€174,507 | -78.0% |
| Other amounts receivable | 41 | €232,239 | €229,650 | -€2,588 | -1.1% |
| Cash at bank and in hand | 54/58 | €374,119 | €349,815 | -€24,304 | -6.5% |
| Deferred charges and accrued income | 490/1 | €23,143 | €91,634 | +€68,490 | +295.9% |
| Total equity and liabilities | 10/49 | €1,505,546 | €1,403,635 | -€101,911 | -6.8% |
| Equity | 10/15 | €587,732 | €662,051 | +€74,319 | +12.6% |
| Contributions | 10/11 | €120,000 | €120,000 | = | 0.0% |
| Reserves | 13 | €201,083 | €201,083 | = | 0.0% |
| Tax-exempt reserves | 132 | €9,083 | €9,083 | = | 0.0% |
| Distributable reserves | 133 | €192,000 | €192,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €266,649 | €340,968 | +€74,319 | +27.9% |
| Amounts payable | 17/49 | €917,814 | €741,584 | -€176,230 | -19.2% |
| Amounts payable after more than one year | 17 | €14,210 | €34,007 | +€19,797 | +139.3% |
| Financial debts | 170/4 | €14,210 | €34,007 | +€19,797 | +139.3% |
| Amounts payable within one year | 42/48 | €878,006 | €632,621 | -€245,385 | -27.9% |
| Current portion of amounts payable after more than one year | 42 | €44,192 | €12,583 | -€31,609 | -71.5% |
| Trade debts | 44 | €284,470 | €137,717 | -€146,752 | -51.6% |
| Suppliers | 440/4 | €284,470 | €137,717 | -€146,752 | -51.6% |
| Taxes, remuneration and social security | 45 | €119,345 | €127,320 | +€7,976 | +6.7% |
| Remuneration and social security | 454/9 | €119,345 | €127,320 | +€7,976 | +6.7% |
| Other amounts payable | 47/48 | €430,000 | €355,000 | -€75,000 | -17.4% |
| Accrued charges and deferred income | 492/3 | €25,598 | €74,956 | +€49,358 | +192.8% |
| Remuneration, social security and pensions | 62 | €599,853 | €656,754 | +€56,901 | +9.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €49,643 | €61,496 | +€11,852 | +23.9% |
| Other operating charges | 640/8 | €7,400 | €17,155 | +€9,756 | +131.8% |
| Gross operating margin | 9900 | €1,327,218 | €1,196,927 | -€130,291 | -9.8% |
| Operating profit (loss) | 9901 | €670,322 | €461,522 | -€208,799 | -31.1% |
| Financial income | 75/76B | €1,613 | €1,776 | +€163 | +10.1% |
| Recurring financial income | 75 | €1,613 | €1,776 | +€163 | +10.1% |
| Financial charges | 65/66B | €9,282 | €8,654 | -€628 | -6.8% |
| Recurring financial charges | 65 | €9,282 | €8,654 | -€628 | -6.8% |
| Profit (loss) for the period before taxes | 9903 | €662,652 | €454,644 | -€208,008 | -31.4% |
| Income taxes | 67/77 | €60,412 | €25,325 | -€35,087 | -58.1% |
| Profit (loss) for the period | 9904 | €602,240 | €429,319 | -€172,921 | -28.7% |
| Profit (loss) for the period to be appropriated | 9905 | €602,240 | €429,319 | -€172,921 | -28.7% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.