MICC: 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.
MICC
Largest movements
- Cash +€31,081
up €31,081 (+28.3%), from €109,801 to €140,881
mainly Other debts (+€82,820) and Net result for the year (+€43,306)
- Receivables within one year +€14,984
up €14,984 (+23.9%), from €62,586 to €77,570
of which Trade receivables: +€10,112
- Deferred charges and accrued income -€2,825
no longer reported in 2025 (was €2,825)
- Other debts +€82,820
up €82,820 (+3693.7%), from €2,242 to €85,062
- Reserves -€42,000
down €42,000 (-30.4%), from €138,330 to €96,330
of which Distributable reserves: -€42,000
- Tax, wage and social debts +€3,364
new in 2025: €3,364
- Gross operating margin +€62,752
up €62,752, from -€2,685 to €60,068
- Taxes +€18,228
new in 2025: €18,228
- Financial income +€2,117
new in 2025: €2,117
- Financial charges -€775
down €775 (-80.7%), from €960 to €185
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 | €175,302 | €218,542 | +€43,240 | +24.7% |
| Fixed assets | 21/28 | €91 | €91 | = | 0.0% |
| Financial fixed assets | 28 | €91 | €91 | = | 0.0% |
| Current assets | 29/58 | €175,211 | €218,451 | +€43,240 | +24.7% |
| Amounts receivable within one year | 40/41 | €62,586 | €77,570 | +€14,984 | +23.9% |
| Trade receivables | 40 | €1,304 | €11,416 | +€10,112 | +775.2% |
| Other amounts receivable | 41 | €61,282 | €66,154 | +€4,872 | +8.0% |
| Cash at bank and in hand | 54/58 | €109,801 | €140,881 | +€31,081 | +28.3% |
| Deferred charges and accrued income | 490/1 | €2,825 | - | -€2,825 | |
| Total equity and liabilities | 10/49 | €175,302 | €218,542 | +€43,240 | +24.7% |
| Equity | 10/15 | €171,810 | €130,116 | -€41,694 | -24.3% |
| Contributions | 10/11 | €9,296 | €9,296 | = | 0.0% |
| Reserves | 13 | €138,330 | €96,330 | -€42,000 | -30.4% |
| Non-distributable reserves | 130/1 | €33,330 | €33,330 | = | 0.0% |
| Reserves not available under the articles | 1311 | €33,330 | €33,330 | = | 0.0% |
| Distributable reserves | 133 | €105,000 | €63,000 | -€42,000 | -40.0% |
| Profit (loss) carried forward | 14 | €24,184 | €24,490 | +€306 | +1.3% |
| Amounts payable | 17/49 | €3,492 | €88,426 | +€84,934 | +2432.1% |
| Amounts payable within one year | 42/48 | €3,492 | €88,426 | +€84,934 | +2432.1% |
| Financial debts | 43 | €1,250 | - | -€1,250 | |
| Credit institutions | 430/8 | €1,250 | - | -€1,250 | |
| Taxes, remuneration and social security | 45 | - | €3,364 | +€3,364 | |
| Taxes | 450/3 | - | €3,364 | +€3,364 | |
| Other amounts payable | 47/48 | €2,242 | €85,062 | +€82,820 | +3693.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €71 | - | -€71 | |
| Other operating charges | 640/8 | €451 | €465 | +€14 | +3.2% |
| Gross operating margin | 9900 | -€2,685 | €60,068 | +€62,752 | |
| Operating profit (loss) | 9901 | -€3,207 | €59,602 | +€62,809 | |
| Financial income | 75/76B | - | €2,117 | +€2,117 | |
| Recurring financial income | 75 | - | €2,117 | +€2,117 | |
| Financial charges | 65/66B | €960 | €185 | -€775 | -80.7% |
| Recurring financial charges | 65 | €960 | €185 | -€775 | -80.7% |
| Profit (loss) for the period before taxes | 9903 | -€4,167 | €61,534 | +€65,701 | |
| Income taxes | 67/77 | - | €18,228 | +€18,228 | |
| Profit (loss) for the period | 9904 | -€4,167 | €43,306 | +€47,473 | |
| Profit (loss) for the period to be appropriated | 9905 | -€4,167 | €43,306 | +€47,473 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.