MiCoBel: 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.
MiCoBel
Largest movements
- Cash -€5,182
down €5,182 (-37.3%), from €13,911 to €8,729
mainly Trade debts (-€15,973) and Debts after one year (-€3,731)
- Receivables within one year -€2,579
down €2,579 (-84.3%), from €3,060 to €482
of which Trade receivables: -€2,276
- Tangible fixed assets -€2,347
down €2,347 (-15.2%), from €15,397 to €13,051
of which Other tangible fixed assets: -€1,848
- Deferred charges and accrued income +€706
up €706 (+2679.3%), from €26 to €732
- Trade debts -€15,973
down €15,973 (-90.3%), from €17,680 to €1,707
- Profit (loss) carried forward +€10,784
up €10,784 (+16.0%), from -€67,442 to -€56,657
- Debts after one year -€3,731
down €3,731 (-6.4%), from €58,172 to €54,442
of which Financial debts: -€3,731
- Other debts -€1,003
down €1,003 (-5.3%), from €18,909 to €17,905
- Gross operating margin +€96,102
up €96,102, from -€31,407 to €64,696
- Staff costs +€43,992
up €43,992 (+816.3%), from €5,389 to €49,381
- Depreciation -€4,151
down €4,151 (-63.9%), from €6,498 to €2,347
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 | €32,854 | €23,127 | -€9,727 | -29.6% |
| Fixed assets | 21/28 | €15,397 | €13,051 | -€2,347 | -15.2% |
| Tangible fixed assets | 22/27 | €15,397 | €13,051 | -€2,347 | -15.2% |
| Plant, machinery and equipment | 23 | €613 | €115 | -€499 | -81.3% |
| Other tangible fixed assets | 26 | €14,784 | €12,936 | -€1,848 | -12.5% |
| Current assets | 29/58 | €17,457 | €10,077 | -€7,380 | -42.3% |
| Stocks and contracts in progress | 3 | €459 | €134 | -€325 | -70.9% |
| Stocks | 30/36 | €459 | €134 | -€325 | -70.9% |
| Amounts receivable within one year | 40/41 | €3,060 | €482 | -€2,579 | -84.3% |
| Trade receivables | 40 | €2,276 | €0 | -€2,276 | -100.0% |
| Other amounts receivable | 41 | €785 | €482 | -€303 | -38.6% |
| Cash at bank and in hand | 54/58 | €13,911 | €8,729 | -€5,182 | -37.3% |
| Deferred charges and accrued income | 490/1 | €26 | €732 | +€706 | +2679.3% |
| Total equity and liabilities | 10/49 | €32,854 | €23,127 | -€9,727 | -29.6% |
| Equity | 10/15 | -€65,442 | -€54,657 | +€10,784 | +16.5% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€67,442 | -€56,657 | +€10,784 | +16.0% |
| Amounts payable | 17/49 | €98,296 | €77,784 | -€20,512 | -20.9% |
| Amounts payable after more than one year | 17 | €58,172 | €54,442 | -€3,731 | -6.4% |
| Financial debts | 170/4 | €13,172 | €9,442 | -€3,731 | -28.3% |
| Other amounts payable | 178/9 | €45,000 | €45,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €40,061 | €23,343 | -€16,718 | -41.7% |
| Current portion of amounts payable after more than one year | 42 | €3,472 | €3,731 | +€259 | +7.4% |
| Trade debts | 44 | €17,680 | €1,707 | -€15,973 | -90.3% |
| Suppliers | 440/4 | €17,680 | €1,707 | -€15,973 | -90.3% |
| Taxes, remuneration and social security | 45 | €0 | - | = | |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €18,909 | €17,905 | -€1,003 | -5.3% |
| Accrued charges and deferred income | 492/3 | €63 | €0 | -€63 | -100.0% |
| Remuneration, social security and pensions | 62 | €5,389 | €49,381 | +€43,992 | +816.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,498 | €2,347 | -€4,151 | -63.9% |
| Other operating charges | 640/8 | €651 | €693 | +€42 | +6.5% |
| Non-recurring operating charges | 66A | - | €200 | +€200 | |
| Gross operating margin | 9900 | -€31,407 | €64,696 | +€96,102 | |
| Operating profit (loss) | 9901 | -€43,944 | €12,075 | +€56,019 | |
| Financial income | 75/76B | €0 | - | = | |
| Recurring financial income | 75 | €0 | - | = | |
| Financial charges | 65/66B | €1,465 | €1,291 | -€174 | -11.9% |
| Recurring financial charges | 65 | €1,465 | €1,291 | -€174 | -11.9% |
| Profit (loss) for the period before taxes | 9903 | -€45,409 | €10,784 | +€56,194 | |
| Profit (loss) for the period | 9904 | -€45,409 | €10,784 | +€56,194 | |
| Profit (loss) for the period to be appropriated | 9905 | -€45,409 | €10,784 | +€56,194 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.