MICLAR: 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.
MICLAR
Largest movements
- Financial fixed assets +€1.2m
up €1.2m (+981,489%), from €120 to €1.2m
- Receivables within one year +€435,372
up €435,372 (+18.1%), from €2.4m to €2.8m
of which Trade receivables: +€527,101
- Stocks and contracts +€395,213
up €395,213 (+368%), from €107,320 to €502,533
- Tangible fixed assets +€293,951
up €293,951 (+24.2%), from €1.2m to €1.5m
of which Furniture and vehicles: +€294,367
- Cash -€110,392
down €110,392 (-4.3%), from €2.6m to €2.5m
mainly Investment in fixed assets (net) (-€1.8m) and Trade debts (-€575,538)
- Reserves +€2.5m
up €2.5m (+72.2%), from €3.5m to €6.0m
of which Distributable reserves: +€2.5m
- Trade debts -€575,538
down €575,538 (-34.4%), from €1.7m to €1.1m
- Other debts -€422,504
down €422,504 (-99.5%), from €424,590 to €2,086
- Short-term financial debts +€293,272
up €293,272, from €0 to €293,272
- Accrued charges and deferred income +€222,873
up €222,873 (+11,144%), from €2,000 to €224,873
- Gross operating margin -€131,300
down €131,300 (-3.0%), from €4.3m to €4.2m
- Provisions -€103,563
down €103,563, from €97,062 to -€6,502
- Taxes +€88,095
up €88,095 (+11.2%), from €784,001 to €872,096
- Staff costs +€56,761
up €56,761 (+18.1%), from €313,000 to €369,762
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 | €6,409,817 | €8,599,462 | +€2.2m | +34.2% |
| Fixed assets | 21/28 | €1,213,008 | €2,684,745 | +€1.5m | +121% |
| Tangible fixed assets | 22/27 | €1,212,888 | €1,506,839 | +€293,951 | +24.2% |
| Land and buildings | 22 | €898,361 | €842,841 | -€55,520 | -6.2% |
| Plant, machinery and equipment | 23 | €214,809 | €269,913 | +€55,104 | +25.7% |
| Furniture and vehicles | 24 | €99,718 | €394,085 | +€294,367 | +295% |
| Financial fixed assets | 28 | €120 | €1,177,907 | +€1.2m | +981,489% |
| Current assets | 29/58 | €5,196,809 | €5,914,717 | +€717,908 | +13.8% |
| Amounts receivable after more than one year | 29 | €95,722 | €90,900 | -€4,822 | -5.0% |
| Trade receivables | 290 | €95,722 | €90,900 | -€4,822 | -5.0% |
| Stocks and contracts in progress | 3 | €107,320 | €502,533 | +€395,213 | +368% |
| Stocks | 30/36 | €107,320 | €502,533 | +€395,213 | +368% |
| Amounts receivable within one year | 40/41 | €2,407,309 | €2,842,681 | +€435,372 | +18.1% |
| Trade receivables | 40 | €2,033,061 | €2,560,162 | +€527,101 | +25.9% |
| Other amounts receivable | 41 | €374,248 | €282,518 | -€91,730 | -24.5% |
| Cash at bank and in hand | 54/58 | €2,566,332 | €2,455,940 | -€110,392 | -4.3% |
| Deferred charges and accrued income | 490/1 | €20,126 | €22,663 | +€2,537 | +12.6% |
| Total equity and liabilities | 10/49 | €6,409,817 | €8,599,462 | +€2.2m | +34.2% |
| Equity | 10/15 | €3,503,570 | €6,020,466 | +€2.5m | +71.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €3,484,970 | €6,001,866 | +€2.5m | +72.2% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €3,484,970 | €6,001,866 | +€2.5m | +72.2% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Provisions and deferred taxes | 16 | €97,062 | €90,560 | -€6,502 | -6.7% |
| Provisions for liabilities and charges | 160/5 | €97,062 | €90,560 | -€6,502 | -6.7% |
| Other liabilities and charges | 164/5 | €97,062 | €90,560 | -€6,502 | -6.7% |
| Amounts payable | 17/49 | €2,809,186 | €2,488,437 | -€320,749 | -11.4% |
| Amounts payable after more than one year | 17 | €313,359 | €473,444 | +€160,084 | +51.1% |
| Financial debts | 170/4 | €313,359 | €473,444 | +€160,084 | +51.1% |
| Amounts payable within one year | 42/48 | €2,493,826 | €1,790,120 | -€703,706 | -28.2% |
| Current portion of amounts payable after more than one year | 42 | €62,550 | €107,173 | +€44,622 | +71.3% |
| Financial debts | 43 | €0 | €293,272 | +€293,272 | |
| Other loans | 439 | €0 | €293,272 | +€293,272 | |
| Trade debts | 44 | €1,672,860 | €1,097,322 | -€575,538 | -34.4% |
| Suppliers | 440/4 | €1,672,860 | €1,097,322 | -€575,538 | -34.4% |
| Taxes, remuneration and social security | 45 | €333,826 | €290,268 | -€43,558 | -13.0% |
| Taxes | 450/3 | €305,575 | €241,554 | -€64,021 | -21.0% |
| Remuneration and social security | 454/9 | €28,250 | €48,714 | +€20,463 | +72.4% |
| Other amounts payable | 47/48 | €424,590 | €2,086 | -€422,504 | -99.5% |
| Accrued charges and deferred income | 492/3 | €2,000 | €224,873 | +€222,873 | +11,144% |
| Remuneration, social security and pensions | 62 | €313,000 | €369,762 | +€56,761 | +18.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €283,908 | €285,834 | +€1,926 | +0.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €0 | - | = | |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €97,062 | -€6,502 | -€103,563 | |
| Other operating charges | 640/8 | €5,392 | €24,019 | +€18,627 | +345% |
| Gross operating margin | 9900 | €4,314,185 | €4,182,885 | -€131,300 | -3.0% |
| Operating profit (loss) | 9901 | €3,614,823 | €3,509,772 | -€105,051 | -2.9% |
| Financial income | 75/76B | €55,716 | €48,132 | -€7,584 | -13.6% |
| Recurring financial income | 75 | €55,716 | €48,132 | -€7,584 | -13.6% |
| Financial charges | 65/66B | €207,900 | €168,912 | -€38,988 | -18.8% |
| Recurring financial charges | 65 | €207,900 | €168,912 | -€38,988 | -18.8% |
| Profit (loss) for the period before taxes | 9903 | €3,462,639 | €3,388,992 | -€73,648 | -2.1% |
| Income taxes | 67/77 | €784,001 | €872,096 | +€88,095 | +11.2% |
| Profit (loss) for the period | 9904 | €2,678,639 | €2,516,896 | -€161,743 | -6.0% |
| Profit (loss) for the period to be appropriated | 9905 | €2,678,639 | €2,516,896 | -€161,743 | -6.0% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 16 October 2026 via checked.be.