MICDA: 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.
MICDA
Largest movements
- Cash -€7,674
down €7,674 (-11.5%), from €66,858 to €59,184
mainly Net result for the year (-€4,730) and Other debts (-€2,318)
- Receivables within one year -€1,772
down €1,772 (-74.4%), from €2,382 to €611
of which Other amounts receivable: -€1,597
- Profit (loss) carried forward -€6,448
down €6,448 (-12.8%), from €50,570 to €44,122
- Other debts -€2,318
down €2,318 (-42.8%), from €5,416 to €3,098
- Gross operating margin -€1,172
down €1,172 (-35.3%), from -€3,320 to -€4,492
- Financial income +€190
up €190 (+262.0%), from €73 to €263
- Financial charges -€122
down €122 (-74.4%), from €164 to €42
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 | €70,752 | €60,975 | -€9,778 | -13.8% |
| Fixed assets | 21/28 | €1,117 | €658 | -€459 | -41.1% |
| Tangible fixed assets | 22/27 | €1,117 | €658 | -€459 | -41.1% |
| Plant, machinery and equipment | 23 | €711 | €599 | -€112 | -15.7% |
| Furniture and vehicles | 24 | €406 | €59 | -€347 | -85.5% |
| Current assets | 29/58 | €69,636 | €60,317 | -€9,319 | -13.4% |
| Amounts receivable within one year | 40/41 | €2,382 | €611 | -€1,772 | -74.4% |
| Trade receivables | 40 | €175 | - | -€175 | |
| Other amounts receivable | 41 | €2,207 | €611 | -€1,597 | -72.3% |
| Cash at bank and in hand | 54/58 | €66,858 | €59,184 | -€7,674 | -11.5% |
| Deferred charges and accrued income | 490/1 | €396 | €523 | +€126 | +31.9% |
| Total equity and liabilities | 10/49 | €70,752 | €60,975 | -€9,778 | -13.8% |
| Equity | 10/15 | €60,330 | €53,882 | -€6,448 | -10.7% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €3,560 | €3,560 | = | 0.0% |
| 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 | €1,700 | €1,700 | = | 0.0% |
| Profit (loss) carried forward | 14 | €50,570 | €44,122 | -€6,448 | -12.8% |
| Amounts payable | 17/49 | €10,422 | €7,092 | -€3,330 | -32.0% |
| Amounts payable within one year | 42/48 | €10,422 | €7,092 | -€3,330 | -32.0% |
| Trade debts | 44 | €3,498 | €2,979 | -€519 | -14.8% |
| Suppliers | 440/4 | €3,498 | €2,979 | -€519 | -14.8% |
| Taxes, remuneration and social security | 45 | €1,508 | €1,015 | -€493 | -32.7% |
| Taxes | 450/3 | €1,508 | €1,015 | -€493 | -32.7% |
| Other amounts payable | 47/48 | €5,416 | €3,098 | -€2,318 | -42.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €459 | €459 | = | 0.0% |
| Gross operating margin | 9900 | -€3,320 | -€4,492 | -€1,172 | -35.3% |
| Operating profit (loss) | 9901 | -€3,778 | -€4,951 | -€1,172 | -31.0% |
| Financial income | 75/76B | €73 | €263 | +€190 | +262.0% |
| Recurring financial income | 75 | €73 | €263 | +€190 | +262.0% |
| Financial charges | 65/66B | €164 | €42 | -€122 | -74.4% |
| Recurring financial charges | 65 | €164 | €42 | -€122 | -74.4% |
| Profit (loss) for the period before taxes | 9903 | -€3,870 | -€4,730 | -€860 | -22.2% |
| Income taxes | 67/77 | -€8 | - | +€8 | |
| Profit (loss) for the period | 9904 | -€3,862 | -€4,730 | -€868 | -22.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€3,862 | -€4,730 | -€868 | -22.5% |
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 8 October 2026 via checked.be.