MICARA: what changed
Two financial 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.
MICARA
Largest movements
- Cash +€64,225
up €64,225 (+8382.0%), from €766 to €64,991
mainly Receivables within one year (+€45,008) and Net result for the year (+€44,228)
- Receivables within one year -€45,008
down €45,008 (-88.8%), from €50,698 to €5,690
of which Trade receivables: -€48,003
- Tangible fixed assets -€2,313
down €2,313 (-14.6%), from €15,814 to €13,500
- Provisions -€52,174
no longer reported in 2025 (was €52,174)
- Profit (loss) carried forward +€41,885
up €41,885 (+1234.0%), from €3,394 to €45,279
- Other debts +€37,086
up €37,086 (+8210.8%), from €452 to €37,537
- Tax, wage and social debts -€8,861
no longer reported in 2025 (was €8,861)
- Trade debts -€1,000
down €1,000 (-78.1%), from €1,280 to €280
- Provisions -€104,348
down €104,348, from €52,174 to -€52,174
- Financial charges +€34,846
up €34,846 (+3225.7%), from €1,080 to €35,926
- Gross operating margin -€32,789
down €32,789 (-42.3%), from €77,537 to €44,748
- Taxes -€3,247
down €3,247 (-20.8%), from €15,644 to €12,397
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 | €70,161 | €87,096 | +€16,936 | +24.1% |
| Fixed assets | 21/28 | €15,814 | €13,500 | -€2,313 | -14.6% |
| Tangible fixed assets | 22/27 | €15,814 | €13,500 | -€2,313 | -14.6% |
| Furniture and vehicles | 24 | €15,814 | €13,500 | -€2,313 | -14.6% |
| Current assets | 29/58 | €54,347 | €73,596 | +€19,249 | +35.4% |
| Amounts receivable within one year | 40/41 | €50,698 | €5,690 | -€45,008 | -88.8% |
| Trade receivables | 40 | €48,342 | €339 | -€48,003 | -99.3% |
| Other amounts receivable | 41 | €2,356 | €5,351 | +€2,995 | +127.1% |
| Cash at bank and in hand | 54/58 | €766 | €64,991 | +€64,225 | +8382.0% |
| Deferred charges and accrued income | 490/1 | €2,883 | €2,914 | +€32 | +1.1% |
| Total equity and liabilities | 10/49 | €70,161 | €87,096 | +€16,936 | +24.1% |
| Equity | 10/15 | €7,394 | €49,279 | +€41,885 | +566.5% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €3,394 | €45,279 | +€41,885 | +1234.0% |
| Provisions and deferred taxes | 16 | €52,174 | - | -€52,174 | |
| Provisions for liabilities and charges | 160/5 | €52,174 | - | -€52,174 | |
| Other liabilities and charges | 164/5 | €52,174 | - | -€52,174 | |
| Amounts payable | 17/49 | €10,593 | €37,817 | +€27,225 | +257.0% |
| Amounts payable within one year | 42/48 | €10,593 | €37,817 | +€27,225 | +257.0% |
| Trade debts | 44 | €1,280 | €280 | -€1,000 | -78.1% |
| Suppliers | 440/4 | €1,280 | €280 | -€1,000 | -78.1% |
| Taxes, remuneration and social security | 45 | €8,861 | - | -€8,861 | |
| Taxes | 450/3 | €8,861 | - | -€8,861 | |
| Other amounts payable | 47/48 | €452 | €37,537 | +€37,086 | +8210.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,000 | €4,153 | +€153 | +3.8% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €52,174 | -€52,174 | -€104,348 | |
| Other operating charges | 640/8 | €656 | €239 | -€418 | -63.6% |
| Gross operating margin | 9900 | €77,537 | €44,748 | -€32,789 | -42.3% |
| Operating profit (loss) | 9901 | €20,707 | €92,530 | +€71,823 | +346.9% |
| Financial income | 75/76B | - | €22 | +€22 | |
| Recurring financial income | 75 | - | €22 | +€22 | |
| Financial charges | 65/66B | €1,080 | €35,926 | +€34,846 | +3225.7% |
| Recurring financial charges | 65 | €1,080 | €35,926 | +€34,846 | +3225.7% |
| Profit (loss) for the period before taxes | 9903 | €19,626 | €56,625 | +€36,999 | +188.5% |
| Income taxes | 67/77 | €15,644 | €12,397 | -€3,247 | -20.8% |
| Profit (loss) for the period | 9904 | €3,982 | €44,228 | +€40,246 | +1010.6% |
| Profit (loss) for the period to be appropriated | 9905 | €3,982 | €44,228 | +€40,246 | +1010.6% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.