Miccos: 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.
Miccos
Largest movements
- Receivables within one year +€17,427
up €17,427 (+36.3%), from €48,017 to €65,444
of which Other amounts receivable: +€17,195
- Tangible fixed assets -€11,802
down €11,802 (-27.9%), from €42,366 to €30,564
of which Leasing and similar rights: -€13,011
- Cash +€8,847
up €8,847 (+66,371%), from €13 to €8,861
mainly Net result for the year (+€30,187) and Depreciation (+€13,856)
- Reserves +€30,187
up €30,187 (+51.3%), from €58,807 to €88,994
of which Distributable reserves: +€30,187
- Debts after one year -€13,546
down €13,546 (-44.8%), from €30,257 to €16,711
- Short-term financial debts -€4,973
no longer reported in 2025 (was €4,973)
- Tax, wage and social debts +€1,575
up €1,575 (+14.7%), from €10,701 to €12,276
- Gross operating margin +€5,653
up €5,653 (+11.0%), from €51,553 to €57,206
- Taxes +€2,023
up €2,023 (+19.4%), from €10,437 to €12,460
- Financial charges -€1,234
down €1,234 (-31.2%), from €3,955 to €2,721
- Financial income +€862
up €862 (+51.2%), from €1,684 to €2,546
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 | €138,114 | €151,666 | +€13,552 | +9.8% |
| Fixed assets | 21/28 | €42,618 | €30,564 | -€12,054 | -28.3% |
| Tangible fixed assets | 22/27 | €42,366 | €30,564 | -€11,802 | -27.9% |
| Plant, machinery and equipment | 23 | €193 | €1,540 | +€1,347 | +697% |
| Furniture and vehicles | 24 | €822 | €684 | -€138 | -16.8% |
| Leasing and similar rights | 25 | €41,351 | €28,340 | -€13,011 | -31.5% |
| Financial fixed assets | 28 | €252 | - | -€252 | |
| Current assets | 29/58 | €95,496 | €121,102 | +€25,607 | +26.8% |
| Amounts receivable after more than one year | 29 | €46,000 | €46,000 | = | 0.0% |
| Other amounts receivable | 291 | €46,000 | €46,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €48,017 | €65,444 | +€17,427 | +36.3% |
| Trade receivables | 40 | €30,906 | €31,138 | +€232 | +0.8% |
| Other amounts receivable | 41 | €17,111 | €34,306 | +€17,195 | +100% |
| Cash at bank and in hand | 54/58 | €13 | €8,861 | +€8,847 | +66,371% |
| Deferred charges and accrued income | 490/1 | €1,466 | €798 | -€668 | -45.5% |
| Total equity and liabilities | 10/49 | €138,114 | €151,666 | +€13,552 | +9.8% |
| Equity | 10/15 | €77,407 | €107,594 | +€30,187 | +39.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €58,807 | €88,994 | +€30,187 | +51.3% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €56,947 | €87,134 | +€30,187 | +53.0% |
| Amounts payable | 17/49 | €60,707 | €44,072 | -€16,635 | -27.4% |
| Amounts payable after more than one year | 17 | €30,257 | €16,711 | -€13,546 | -44.8% |
| Financial debts | 170/4 | €30,257 | €16,711 | -€13,546 | -44.8% |
| Amounts payable within one year | 42/48 | €29,970 | €27,210 | -€2,761 | -9.2% |
| Current portion of amounts payable after more than one year | 42 | €12,866 | €13,546 | +€680 | +5.3% |
| Financial debts | 43 | €4,973 | - | -€4,973 | |
| Credit institutions | 430/8 | €4,973 | - | -€4,973 | |
| Trade debts | 44 | €1,430 | €1,388 | -€42 | -2.9% |
| Suppliers | 440/4 | €1,430 | €1,388 | -€42 | -2.9% |
| Taxes, remuneration and social security | 45 | €10,701 | €12,276 | +€1,575 | +14.7% |
| Taxes | 450/3 | €10,701 | €12,276 | +€1,575 | +14.7% |
| Accrued charges and deferred income | 492/3 | €480 | €152 | -€328 | -68.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,587 | €13,856 | +€269 | +2.0% |
| Other operating charges | 640/8 | €513 | €528 | +€14 | +2.8% |
| Gross operating margin | 9900 | €51,553 | €57,206 | +€5,653 | +11.0% |
| Operating profit (loss) | 9901 | €37,452 | €42,822 | +€5,370 | +14.3% |
| Financial income | 75/76B | €1,684 | €2,546 | +€862 | +51.2% |
| Recurring financial income | 75 | €1,684 | €2,546 | +€862 | +51.2% |
| Financial charges | 65/66B | €3,955 | €2,721 | -€1,234 | -31.2% |
| Recurring financial charges | 65 | €3,955 | €2,721 | -€1,234 | -31.2% |
| Profit (loss) for the period before taxes | 9903 | €35,181 | €42,647 | +€7,466 | +21.2% |
| Income taxes | 67/77 | €10,437 | €12,460 | +€2,023 | +19.4% |
| Profit (loss) for the period | 9904 | €24,744 | €30,187 | +€5,443 | +22.0% |
| Profit (loss) for the period to be appropriated | 9905 | €24,744 | €30,187 | +€5,443 | +22.0% |
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 13 October 2026 via checked.be.