MiCaSiMa: 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.
MiCaSiMa
Largest movements
- Current investments +€183,000
up €183,000 (+201%), from €91,000 to €274,000
- Tangible fixed assets -€10,060
down €10,060 (-21.4%), from €46,903 to €36,843
of which Furniture and vehicles: -€9,333
- Deferred charges and accrued income +€5,197
up €5,197 (+27.6%), from €18,819 to €24,016
- Reserves +€162,742
up €162,742 (+122%), from €132,996 to €295,738
- Tax, wage and social debts +€10,417
up €10,417 (+27.2%), from €38,269 to €48,686
- Gross operating margin +€47,966
up €47,966 (+27.6%), from €173,929 to €221,895
- Taxes +€10,417
up €10,417 (+27.2%), from €38,269 to €48,686
- Depreciation +€7,396
up €7,396 (+278%), from €2,663 to €10,060
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.
Derived cash bridge
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 | €176,211 | €353,350 | +€177,139 | +101% |
| Fixed assets | 21/28 | €46,903 | €36,843 | -€10,060 | -21.4% |
| Tangible fixed assets | 22/27 | €46,903 | €36,843 | -€10,060 | -21.4% |
| Plant, machinery and equipment | 23 | €2,762 | €2,035 | -€727 | -26.3% |
| Furniture and vehicles | 24 | €44,141 | €34,808 | -€9,333 | -21.1% |
| Current assets | 29/58 | €129,308 | €316,507 | +€187,199 | +145% |
| Current investments | 50/53 | €91,000 | €274,000 | +€183,000 | +201% |
| Cash at bank and in hand | 54/58 | €19,489 | €18,491 | -€997 | -5.1% |
| Deferred charges and accrued income | 490/1 | €18,819 | €24,016 | +€5,197 | +27.6% |
| Total equity and liabilities | 10/49 | €176,211 | €353,350 | +€177,139 | +101% |
| Equity | 10/15 | €135,996 | €298,738 | +€162,742 | +120% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €132,996 | €295,738 | +€162,742 | +122% |
| Distributable reserves | 133 | €132,996 | €295,738 | +€162,742 | +122% |
| Amounts payable | 17/49 | €40,214 | €54,612 | +€14,398 | +35.8% |
| Amounts payable within one year | 42/48 | €40,214 | €53,356 | +€13,142 | +32.7% |
| Trade debts | 44 | €1,945 | €4,620 | +€2,675 | +137% |
| Suppliers | 440/4 | €1,945 | €4,620 | +€2,675 | +137% |
| Taxes, remuneration and social security | 45 | €38,269 | €48,686 | +€10,417 | +27.2% |
| Taxes | 450/3 | €38,269 | €48,686 | +€10,417 | +27.2% |
| Other amounts payable | 47/48 | - | €51 | +€51 | |
| Accrued charges and deferred income | 492/3 | - | €1,256 | +€1,256 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,663 | €10,060 | +€7,396 | +278% |
| Other operating charges | 640/8 | - | €392 | +€392 | |
| Gross operating margin | 9900 | €173,929 | €221,895 | +€47,966 | +27.6% |
| Operating profit (loss) | 9901 | €171,265 | €211,443 | +€40,177 | +23.5% |
| Financial charges | 65/66B | - | €15 | +€15 | |
| Recurring financial charges | 65 | - | €15 | +€15 | |
| Profit (loss) for the period before taxes | 9903 | €171,265 | €211,428 | +€40,162 | +23.5% |
| Income taxes | 67/77 | €38,269 | €48,686 | +€10,417 | +27.2% |
| Profit (loss) for the period | 9904 | €132,996 | €162,742 | +€29,746 | +22.4% |
| Profit (loss) for the period to be appropriated | 9905 | €132,996 | €162,742 | +€29,746 | +22.4% |
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 15 October 2026 via checked.be.