MICIV: 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.
MICIV
Largest movements
- Cash +€87,049
up €87,049 (+24.3%), from €357,538 to €444,587
mainly Net result for the year (+€67,360) and Depreciation (+€46,821)
- Tangible fixed assets -€33,493
down €33,493 (-4.6%), from €726,499 to €693,006
of which Land and buildings: -€34,178
- Reserves +€50,000
up €50,000 (+232.6%), from €21,492 to €71,492
- Accrued charges and deferred income -€19,859
down €19,859 (-99.4%), from €19,972 to €113
- Profit (loss) carried forward +€17,360
up €17,360 (+2.9%), from €602,768 to €620,128
- Gross operating margin +€23,362
up €23,362 (+13.3%), from €175,847 to €199,208
- Taxes +€11,391
up €11,391 (+56.2%), from €20,272 to €31,663
- Financial charges +€8,330
up €8,330 (+39.8%), from €20,914 to €29,243
- Other operating charges +€3,002
up €3,002 (+14.3%), from €21,037 to €24,039
- Financial income +€2,511
up €2,511 (+654.5%), from €384 to €2,895
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,086,412 | €1,137,970 | +€51,558 | +4.7% |
| Fixed assets | 21/28 | €726,499 | €693,006 | -€33,493 | -4.6% |
| Tangible fixed assets | 22/27 | €726,499 | €693,006 | -€33,493 | -4.6% |
| Land and buildings | 22 | €726,105 | €691,927 | -€34,178 | -4.7% |
| Furniture and vehicles | 24 | €394 | €1,079 | +€685 | +173.9% |
| Current assets | 29/58 | €359,913 | €444,964 | +€85,052 | +23.6% |
| Amounts receivable within one year | 40/41 | €2,200 | - | -€2,200 | |
| Other amounts receivable | 41 | €2,200 | - | -€2,200 | |
| Cash at bank and in hand | 54/58 | €357,538 | €444,587 | +€87,049 | +24.3% |
| Deferred charges and accrued income | 490/1 | €175 | €377 | +€203 | +116.0% |
| Total equity and liabilities | 10/49 | €1,086,412 | €1,137,970 | +€51,558 | +4.7% |
| Equity | 10/15 | €642,860 | €710,220 | +€67,360 | +10.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €21,492 | €71,492 | +€50,000 | +232.6% |
| Distributable reserves | 133 | €21,492 | €71,492 | +€50,000 | +232.6% |
| Profit (loss) carried forward | 14 | €602,768 | €620,128 | +€17,360 | +2.9% |
| Amounts payable | 17/49 | €443,552 | €427,750 | -€15,802 | -3.6% |
| Amounts payable within one year | 42/48 | €423,580 | €427,637 | +€4,057 | +1.0% |
| Trade debts | 44 | €32,785 | €31,416 | -€1,368 | -4.2% |
| Suppliers | 440/4 | €32,785 | €31,416 | -€1,368 | -4.2% |
| Taxes, remuneration and social security | 45 | €8,401 | €9,605 | +€1,204 | +14.3% |
| Taxes | 450/3 | €8,401 | €9,605 | +€1,204 | +14.3% |
| Other amounts payable | 47/48 | €382,394 | €386,616 | +€4,222 | +1.1% |
| Accrued charges and deferred income | 492/3 | €19,972 | €113 | -€19,859 | -99.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €45,961 | €46,821 | +€860 | +1.9% |
| Other operating charges | 640/8 | €21,037 | €24,039 | +€3,002 | +14.3% |
| Non-recurring operating charges | 66A | - | €2,977 | +€2,977 | |
| Gross operating margin | 9900 | €175,847 | €199,208 | +€23,362 | +13.3% |
| Operating profit (loss) | 9901 | €108,849 | €125,371 | +€16,523 | +15.2% |
| Financial income | 75/76B | €384 | €2,895 | +€2,511 | +654.5% |
| Recurring financial income | 75 | €384 | €2,895 | +€2,511 | +654.5% |
| Financial charges | 65/66B | €20,914 | €29,243 | +€8,330 | +39.8% |
| Recurring financial charges | 65 | €20,914 | €29,243 | +€8,330 | +39.8% |
| Profit (loss) for the period before taxes | 9903 | €88,319 | €99,023 | +€10,704 | +12.1% |
| Income taxes | 67/77 | €20,272 | €31,663 | +€11,391 | +56.2% |
| Profit (loss) for the period | 9904 | €68,047 | €67,360 | -€687 | -1.0% |
| Profit (loss) for the period to be appropriated | 9905 | €68,047 | €67,360 | -€687 | -1.0% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.