MICASA: 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.
MICASA
Largest movements
- Financial fixed assets -€53,150
down €53,150 (-32.0%), from €166,150 to €113,000
- Receivables within one year +€44,328
up €44,328 (+14.4%), from €308,711 to €353,039
of which Other amounts receivable: +€45,143
- Tangible fixed assets -€11,722
down €11,722 (-32.8%), from €35,731 to €24,010
of which Other tangible fixed assets: -€10,482
- Deferred charges and accrued income +€5,486
up €5,486 (+35.8%), from €15,307 to €20,793
- Profit (loss) carried forward -€53,595
down €53,595, from €20,974 to -€32,621
- Other debts +€49,702
up €49,702 (+14.4%), from €346,132 to €395,834
- Tax, wage and social debts -€27,432
down €27,432 (-91.6%), from €29,944 to €2,512
- Trade debts +€14,920
up €14,920 (+292.2%), from €5,106 to €20,026
- Write-downs -€101,514
down €101,514, from €50,757 to -€50,757
- Gross operating margin -€77,163
down €77,163 (-503.1%), from -€15,336 to -€92,500
- Other operating charges +€14,443
up €14,443 (+4156.3%), from €348 to €14,791
- Taxes -€13,231
new in 2025: -€13,231
- Financial income +€3,487
up €3,487 (+22.8%), from €15,307 to €18,794
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 | €525,899 | €511,011 | -€14,888 | -2.8% |
| Fixed assets | 21/28 | €201,881 | €137,010 | -€64,872 | -32.1% |
| Tangible fixed assets | 22/27 | €35,731 | €24,010 | -€11,722 | -32.8% |
| Furniture and vehicles | 24 | €1,240 | €0 | -€1,240 | -100.0% |
| Other tangible fixed assets | 26 | €34,492 | €24,010 | -€10,482 | -30.4% |
| Financial fixed assets | 28 | €166,150 | €113,000 | -€53,150 | -32.0% |
| Current assets | 29/58 | €324,018 | €374,002 | +€49,984 | +15.4% |
| Amounts receivable after more than one year | 29 | €0 | - | = | |
| Other amounts receivable | 291 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €308,711 | €353,039 | +€44,328 | +14.4% |
| Trade receivables | 40 | €13,789 | €12,974 | -€815 | -5.9% |
| Other amounts receivable | 41 | €294,921 | €340,064 | +€45,143 | +15.3% |
| Cash at bank and in hand | 54/58 | €0 | €170 | +€170 | |
| Deferred charges and accrued income | 490/1 | €15,307 | €20,793 | +€5,486 | +35.8% |
| Total equity and liabilities | 10/49 | €525,899 | €511,011 | -€14,888 | -2.8% |
| Equity | 10/15 | €88,624 | €35,029 | -€53,595 | -60.5% |
| Contributions | 10/11 | €61,500 | €61,500 | = | 0.0% |
| Capital | 10 | €61,500 | €61,500 | = | 0.0% |
| Issued capital | 100 | €61,500 | €61,500 | = | 0.0% |
| Reserves | 13 | €6,150 | €6,150 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,150 | €6,150 | = | 0.0% |
| Legal reserve | 130 | €6,150 | €6,150 | = | 0.0% |
| Profit (loss) carried forward | 14 | €20,974 | -€32,621 | -€53,595 | |
| Amounts payable | 17/49 | €437,275 | €475,982 | +€38,707 | +8.9% |
| Amounts payable after more than one year | 17 | €25,000 | €25,000 | = | 0.0% |
| Financial debts | 170/4 | €25,000 | €25,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €381,801 | €418,371 | +€36,571 | +9.6% |
| Current portion of amounts payable after more than one year | 42 | €620 | €0 | -€620 | -100.0% |
| Trade debts | 44 | €5,106 | €20,026 | +€14,920 | +292.2% |
| Suppliers | 440/4 | €5,106 | €20,026 | +€14,920 | +292.2% |
| Taxes, remuneration and social security | 45 | €29,944 | €2,512 | -€27,432 | -91.6% |
| Taxes | 450/3 | €29,944 | €2,512 | -€27,432 | -91.6% |
| Other amounts payable | 47/48 | €346,132 | €395,834 | +€49,702 | +14.4% |
| Accrued charges and deferred income | 492/3 | €30,474 | €32,611 | +€2,137 | +7.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,413 | €11,722 | -€2,691 | -18.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €50,757 | -€50,757 | -€101,514 | |
| Other operating charges | 640/8 | €348 | €14,791 | +€14,443 | +4156.3% |
| Gross operating margin | 9900 | -€15,336 | -€92,500 | -€77,163 | -503.1% |
| Operating profit (loss) | 9901 | -€80,854 | -€68,255 | +€12,599 | +15.6% |
| Financial income | 75/76B | €15,307 | €18,794 | +€3,487 | +22.8% |
| Recurring financial income | 75 | €15,307 | €18,794 | +€3,487 | +22.8% |
| Financial charges | 65/66B | €16,232 | €17,365 | +€1,133 | +7.0% |
| Recurring financial charges | 65 | €16,232 | €17,365 | +€1,133 | +7.0% |
| Profit (loss) for the period before taxes | 9903 | -€81,779 | -€66,826 | +€14,953 | +18.3% |
| Income taxes | 67/77 | - | -€13,231 | -€13,231 | |
| Profit (loss) for the period | 9904 | -€81,779 | -€53,595 | +€28,184 | +34.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€81,779 | -€53,595 | +€28,184 | +34.5% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.