MICMA: 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.
MICMA
Largest movements
- Cash +€17,860
up €17,860 (+168.2%), from €10,619 to €28,480
mainly Tax, wage and social debts (+€17,050) and Receivables within one year (+€13,936)
- Receivables within one year -€13,936
down €13,936 (-24.4%), from €57,146 to €43,210
of which Other amounts receivable: -€10,465
- Deferred charges and accrued income +€1,089
up €1,089 (+1164.8%), from €94 to €1,183
- Tangible fixed assets +€1,025
up €1,025 (+603.0%), from €170 to €1,196
of which Furniture and vehicles: +€812
- Tax, wage and social debts +€17,050
up €17,050 (+107.0%), from €15,930 to €32,980
of which Taxes: +€11,500
- Other debts -€14,125
no longer reported in 2025 (was €14,125)
- Reserves +€2,625
up €2,625 (+10.6%), from €24,816 to €27,442
of which Distributable reserves: +€2,625
- Gross operating margin +€16,407
up €16,407, from -€10,309 to €6,098
- Financial charges -€2,209
down €2,209 (-57.6%), from €3,832 to €1,623
- Other operating charges +€1,580
up €1,580 (+482.4%), from €328 to €1,908
- Financial income -€565
down €565 (-42.6%), from €1,327 to €762
- Taxes +€263
new in 2025: €263
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 | €69,829 | €75,869 | +€6,040 | +8.6% |
| Fixed assets | 21/28 | €1,970 | €2,996 | +€1,025 | +52.1% |
| Tangible fixed assets | 22/27 | €170 | €1,196 | +€1,025 | +603.0% |
| Plant, machinery and equipment | 23 | €4 | €218 | +€214 | +4933.7% |
| Furniture and vehicles | 24 | €166 | €978 | +€812 | +489.8% |
| Financial fixed assets | 28 | €1,800 | €1,800 | = | 0.0% |
| Current assets | 29/58 | €67,859 | €72,873 | +€5,014 | +7.4% |
| Amounts receivable within one year | 40/41 | €57,146 | €43,210 | -€13,936 | -24.4% |
| Trade receivables | 40 | €20,246 | €16,775 | -€3,471 | -17.1% |
| Other amounts receivable | 41 | €36,900 | €26,435 | -€10,465 | -28.4% |
| Cash at bank and in hand | 54/58 | €10,619 | €28,480 | +€17,860 | +168.2% |
| Deferred charges and accrued income | 490/1 | €94 | €1,183 | +€1,089 | +1164.8% |
| Total equity and liabilities | 10/49 | €69,829 | €75,869 | +€6,040 | +8.6% |
| Equity | 10/15 | €35,805 | €38,430 | +€2,625 | +7.3% |
| Contributions | 10/11 | €7,805 | €7,805 | = | 0.0% |
| Reserves | 13 | €24,816 | €27,442 | +€2,625 | +10.6% |
| Tax-exempt reserves | 132 | €10,056 | €10,056 | = | 0.0% |
| Distributable reserves | 133 | €14,761 | €17,386 | +€2,625 | +17.8% |
| Profit (loss) carried forward | 14 | €3,183 | €3,183 | = | 0.0% |
| Amounts payable | 17/49 | €34,024 | €37,439 | +€3,414 | +10.0% |
| Amounts payable within one year | 42/48 | €34,024 | €37,439 | +€3,414 | +10.0% |
| Trade debts | 44 | €3,970 | €4,458 | +€489 | +12.3% |
| Suppliers | 440/4 | €3,970 | €4,458 | +€489 | +12.3% |
| Taxes, remuneration and social security | 45 | €15,930 | €32,980 | +€17,050 | +107.0% |
| Taxes | 450/3 | €15,930 | €27,430 | +€11,500 | +72.2% |
| Remuneration and social security | 454/9 | - | €5,550 | +€5,550 | |
| Other amounts payable | 47/48 | €14,125 | - | -€14,125 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €629 | €441 | -€188 | -29.8% |
| Other operating charges | 640/8 | €328 | €1,908 | +€1,580 | +482.4% |
| Gross operating margin | 9900 | -€10,309 | €6,098 | +€16,407 | |
| Operating profit (loss) | 9901 | -€11,265 | €3,749 | +€15,014 | |
| Financial income | 75/76B | €1,327 | €762 | -€565 | -42.6% |
| Recurring financial income | 75 | €1,327 | €762 | -€565 | -42.6% |
| Financial charges | 65/66B | €3,832 | €1,623 | -€2,209 | -57.6% |
| Recurring financial charges | 65 | €3,832 | €1,623 | -€2,209 | -57.6% |
| Profit (loss) for the period before taxes | 9903 | -€13,770 | €2,888 | +€16,658 | |
| Income taxes | 67/77 | - | €263 | +€263 | |
| Profit (loss) for the period | 9904 | -€13,770 | €2,625 | +€16,395 | |
| Profit (loss) for the period to be appropriated | 9905 | -€13,770 | €2,625 | +€16,395 |
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 11 October 2026 via checked.be.