MICCO: 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.
MICCO
Largest movements
- Cash +€25,844
up €25,844 (+70.6%), from €36,583 to €62,427
mainly Other debts (+€55,297) and Net result for the year (+€23,690)
- Receivables within one year -€5,427
down €5,427 (-57.0%), from €9,514 to €4,087
of which Trade receivables: -€3,474
- Tangible fixed assets -€2,340
down €2,340 (-15.8%), from €14,786 to €12,446
of which Furniture and vehicles: -€4,272
- Deferred charges and accrued income -€1,307
down €1,307 (-66.7%), from €1,961 to €654
- Other debts +€55,297
up €55,297 (+954%), from €5,798 to €61,095
- Profit (loss) carried forward -€22,525
down €22,525 (-100%), from €22,525 to €0
- Reserves -€13,784
down €13,784 (-48.4%), from €28,481 to €14,697
- Accrued charges and deferred income -€1,750
down €1,750 (-100%), from €1,750 to €0
- Other operating charges -€407
down €407 (-26.3%), from €1,547 to €1,140
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 | €62,844 | €79,614 | +€16,770 | +26.7% |
| Fixed assets | 21/28 | €14,786 | €12,446 | -€2,340 | -15.8% |
| Tangible fixed assets | 22/27 | €14,786 | €12,446 | -€2,340 | -15.8% |
| Plant, machinery and equipment | 23 | €1,040 | €2,972 | +€1,932 | +186% |
| Furniture and vehicles | 24 | €13,746 | €9,473 | -€4,272 | -31.1% |
| Financial fixed assets | 28 | €0 | - | = | |
| Current assets | 29/58 | €48,058 | €67,168 | +€19,110 | +39.8% |
| Amounts receivable within one year | 40/41 | €9,514 | €4,087 | -€5,427 | -57.0% |
| Trade receivables | 40 | €5,984 | €2,510 | -€3,474 | -58.1% |
| Other amounts receivable | 41 | €3,530 | €1,577 | -€1,953 | -55.3% |
| Cash at bank and in hand | 54/58 | €36,583 | €62,427 | +€25,844 | +70.6% |
| Deferred charges and accrued income | 490/1 | €1,961 | €654 | -€1,307 | -66.7% |
| Total equity and liabilities | 10/49 | €62,844 | €79,614 | +€16,770 | +26.7% |
| Equity | 10/15 | €52,006 | €15,697 | -€36,310 | -69.8% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €28,481 | €14,697 | -€13,784 | -48.4% |
| Distributable reserves | 133 | €28,481 | €14,697 | -€13,784 | -48.4% |
| Profit (loss) carried forward | 14 | €22,525 | €0 | -€22,525 | -100% |
| Amounts payable | 17/49 | €10,838 | €63,917 | +€53,079 | +490% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €9,088 | €63,917 | +€54,829 | +603% |
| Current portion of amounts payable after more than one year | 42 | €680 | €0 | -€680 | -100% |
| Trade debts | 44 | €0 | €208 | +€208 | |
| Suppliers | 440/4 | €0 | €208 | +€208 | |
| Taxes, remuneration and social security | 45 | €2,610 | €2,613 | +€3 | +0.1% |
| Taxes | 450/3 | €1,065 | €1,068 | +€3 | +0.3% |
| Remuneration and social security | 454/9 | €1,545 | €1,545 | = | 0.0% |
| Other amounts payable | 47/48 | €5,798 | €61,095 | +€55,297 | +954% |
| Accrued charges and deferred income | 492/3 | €1,750 | €0 | -€1,750 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,718 | €4,870 | +€152 | +3.2% |
| Other operating charges | 640/8 | €1,547 | €1,140 | -€407 | -26.3% |
| Gross operating margin | 9900 | €36,493 | €36,209 | -€284 | -0.8% |
| Operating profit (loss) | 9901 | €30,228 | €30,199 | -€29 | -0.1% |
| Financial income | 75/76B | €0 | €0 | +€0 | |
| Recurring financial income | 75 | €0 | €0 | +€0 | |
| Financial charges | 65/66B | €967 | €671 | -€296 | -30.6% |
| Recurring financial charges | 65 | €967 | €671 | -€296 | -30.6% |
| Profit (loss) for the period before taxes | 9903 | €29,261 | €29,528 | +€267 | +0.9% |
| Income taxes | 67/77 | €5,902 | €5,838 | -€65 | -1.1% |
| Profit (loss) for the period | 9904 | €23,358 | €23,690 | +€332 | +1.4% |
| Profit (loss) for the period to be appropriated | 9905 | €23,358 | €23,690 | +€332 | +1.4% |
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 14 October 2026 via checked.be.