MICDEV: 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.
MICDEV
Largest movements
- Cash +€12,953
up €12,953 (+41.3%), from €31,381 to €44,334
mainly Net result for the year (+€20,045) and Depreciation (+€11,769)
- Tangible fixed assets -€10,266
down €10,266 (-7.4%), from €137,847 to €127,581
of which Land and buildings: -€7,579
- Receivables within one year +€5,482
up €5,482 (+49.0%), from €11,186 to €16,668
of which Other amounts receivable: +€5,424
- Profit (loss) carried forward +€20,045
up €20,045 (+54.9%), from €36,501 to €56,547
- Debts after one year -€12,492
down €12,492 (-15.6%), from €80,133 to €67,641
- Gross operating margin -€19,936
down €19,936 (-32.5%), from €61,364 to €41,428
- Taxes -€4,022
down €4,022 (-40.6%), from €9,909 to €5,887
- Depreciation +€1,401
up €1,401 (+13.5%), from €10,368 to €11,769
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 | €180,818 | €189,009 | +€8,191 | +4.5% |
| Fixed assets | 21/28 | €137,847 | €127,581 | -€10,266 | -7.4% |
| Tangible fixed assets | 22/27 | €137,847 | €127,581 | -€10,266 | -7.4% |
| Land and buildings | 22 | €127,563 | €119,984 | -€7,579 | -5.9% |
| Plant, machinery and equipment | 23 | €4,006 | €3,528 | -€478 | -11.9% |
| Furniture and vehicles | 24 | €6,277 | €4,070 | -€2,208 | -35.2% |
| Current assets | 29/58 | €42,971 | €61,428 | +€18,457 | +43.0% |
| Amounts receivable within one year | 40/41 | €11,186 | €16,668 | +€5,482 | +49.0% |
| Trade receivables | 40 | - | €58 | +€58 | |
| Other amounts receivable | 41 | €11,186 | €16,610 | +€5,424 | +48.5% |
| Cash at bank and in hand | 54/58 | €31,381 | €44,334 | +€12,953 | +41.3% |
| Deferred charges and accrued income | 490/1 | €404 | €426 | +€22 | +5.5% |
| Total equity and liabilities | 10/49 | €180,818 | €189,009 | +€8,191 | +4.5% |
| Equity | 10/15 | €80,291 | €100,337 | +€20,045 | +25.0% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €41,790 | €41,790 | = | 0.0% |
| Distributable reserves | 133 | €41,790 | €41,790 | = | 0.0% |
| Profit (loss) carried forward | 14 | €36,501 | €56,547 | +€20,045 | +54.9% |
| Amounts payable | 17/49 | €100,527 | €88,673 | -€11,854 | -11.8% |
| Amounts payable after more than one year | 17 | €80,133 | €67,641 | -€12,492 | -15.6% |
| Financial debts | 170/4 | €80,133 | €67,641 | -€12,492 | -15.6% |
| Amounts payable within one year | 42/48 | €20,394 | €21,032 | +€638 | +3.1% |
| Current portion of amounts payable after more than one year | 42 | €12,479 | €12,492 | +€13 | +0.1% |
| Trade debts | 44 | €1,430 | €1,632 | +€202 | +14.1% |
| Suppliers | 440/4 | €1,430 | €1,632 | +€202 | +14.1% |
| Taxes, remuneration and social security | 45 | €6,484 | €6,908 | +€423 | +6.5% |
| Taxes | 450/3 | €6,484 | €6,908 | +€423 | +6.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,368 | €11,769 | +€1,401 | +13.5% |
| Other operating charges | 640/8 | €482 | €498 | +€16 | +3.3% |
| Gross operating margin | 9900 | €61,364 | €41,428 | -€19,936 | -32.5% |
| Operating profit (loss) | 9901 | €50,515 | €29,161 | -€21,354 | -42.3% |
| Financial income | 75/76B | €336 | €628 | +€291 | +86.6% |
| Recurring financial income | 75 | €336 | €628 | +€291 | +86.6% |
| Financial charges | 65/66B | €4,448 | €3,856 | -€592 | -13.3% |
| Recurring financial charges | 65 | €4,448 | €3,856 | -€592 | -13.3% |
| Profit (loss) for the period before taxes | 9903 | €46,403 | €25,933 | -€20,471 | -44.1% |
| Income taxes | 67/77 | €9,909 | €5,887 | -€4,022 | -40.6% |
| Profit (loss) for the period | 9904 | €36,494 | €20,045 | -€16,448 | -45.1% |
| Profit (loss) for the period to be appropriated | 9905 | €36,494 | €20,045 | -€16,448 | -45.1% |
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.