MICMAR: 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.
MICMAR
Largest movements
- Current assets -€711,082
down €711,082 (-86.0%), from €827,251 to €116,169
of which Cash: -€689,741
- Debts -€692,110
down €692,110 (-96.3%), from €719,057 to €26,947
of which Debts within one year: -€665,858
- Reserves -€27,479
down €27,479 (-28.4%), from €96,862 to €69,383
- Taxes -€217,486
down €217,486, from €217,478 to -€8
- Gross operating margin +€34,420
up €34,420, from -€9,124 to €25,296
From the 2016 result to the 2017 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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2016 | 2017 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €948,767 | €229,178 | -€719,589 | -75.8% |
| Fixed assets | 21/28 | €121,516 | €113,009 | -€8,507 | -7.0% |
| Tangible fixed assets | 22/27 | €121,516 | €113,009 | -€8,507 | -7.0% |
| Current assets | 29/58 | €827,251 | €116,169 | -€711,082 | -86.0% |
| Amounts receivable within one year | 40/41 | €2,800 | €162 | -€2,638 | -94.2% |
| Cash at bank and in hand | 54/58 | €798,510 | €108,770 | -€689,741 | -86.4% |
| Total equity and liabilities | 10/49 | €948,767 | €229,178 | -€719,589 | -75.8% |
| Equity | 10/15 | €229,710 | €202,231 | -€27,479 | -12.0% |
| Contributions | 10/11 | €132,848 | €132,848 | = | 0.0% |
| Reserves | 13 | €96,862 | €69,383 | -€27,479 | -28.4% |
| Amounts payable | 17/49 | €719,057 | €26,947 | -€692,110 | -96.3% |
| Amounts payable after more than one year | 17 | €843 | €843 | = | 0.0% |
| Amounts payable within one year | 42/48 | €683,696 | €17,838 | -€665,858 | -97.4% |
| Trade debts | 44 | €762 | €294 | -€467 | -61.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,815 | €15,007 | +€191 | +1.3% |
| Gross operating margin | 9900 | -€9,124 | €25,296 | +€34,420 | |
| Operating profit (loss) | 9901 | -€50,997 | -€10,243 | +€40,754 | +79.9% |
| Recurring financial income | 75 | €1,594 | €991 | -€602 | -37.8% |
| Recurring financial charges | 65 | €838 | €135 | -€704 | -83.9% |
| Profit (loss) for the period before taxes | 9903 | €651,047 | -€9,386 | -€660,433 | |
| Income taxes | 67/77 | €217,478 | -€8 | -€217,486 | |
| Profit (loss) for the period | 9904 | €433,569 | -€9,379 | -€442,947 | |
| Profit (loss) for the period to be appropriated | 9905 | €433,569 | -€9,379 | -€442,947 |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2016 and 30 September 2017. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.