MICOMAG: 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.
MICOMAG
Largest movements
- Cash +€21,330
up €21,330 (+127%), from €16,813 to €38,143
mainly Trade debts (+€28,433) and Depreciation (+€16,741)
- Tangible fixed assets +€2,994
up €2,994 (+6.9%), from €43,661 to €46,655
of which Leasing and similar rights: +€25,247
- Trade debts +€28,433
up €28,433 (+453%), from €6,270 to €34,703
- Tax, wage and social debts -€18,870
down €18,870 (-12.1%), from €156,014 to €137,144
of which Remuneration and social security: -€11,476
- Debts after one year +€8,421
up €8,421 (+33.6%), from €25,063 to €33,484
- Current portion of long-term debt +€8,318
up €8,318 (+30.4%), from €27,370 to €35,688
- Other debts -€5,919
down €5,919 (-40.8%), from €14,522 to €8,603
- Gross operating margin +€118,890
up €118,890 (+26.5%), from €448,988 to €567,878
- Staff costs +€69,851
up €69,851 (+14.9%), from €468,455 to €538,307
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 | €203,328 | €226,200 | +€22,872 | +11.2% |
| Fixed assets | 21/28 | €43,661 | €46,655 | +€2,994 | +6.9% |
| Tangible fixed assets | 22/27 | €43,661 | €46,655 | +€2,994 | +6.9% |
| Plant, machinery and equipment | 23 | €3,446 | €2,230 | -€1,216 | -35.3% |
| Furniture and vehicles | 24 | €40,215 | €19,177 | -€21,038 | -52.3% |
| Leasing and similar rights | 25 | - | €25,247 | +€25,247 | |
| Current assets | 29/58 | €159,667 | €179,546 | +€19,879 | +12.4% |
| Amounts receivable within one year | 40/41 | €129,310 | €127,756 | -€1,554 | -1.2% |
| Trade receivables | 40 | €119,459 | €127,756 | +€8,297 | +6.9% |
| Other amounts receivable | 41 | €9,851 | - | -€9,851 | |
| Cash at bank and in hand | 54/58 | €16,813 | €38,143 | +€21,330 | +127% |
| Deferred charges and accrued income | 490/1 | €13,544 | €13,647 | +€103 | +0.8% |
| Total equity and liabilities | 10/49 | €203,328 | €226,200 | +€22,872 | +11.2% |
| Equity | 10/15 | -€26,013 | -€23,422 | +€2,590 | +10.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Contributions outside capital | 11 | €18,600 | €18,600 | = | 0.0% |
| Other | 1109/19 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€46,473 | -€43,882 | +€2,590 | +5.6% |
| Amounts payable | 17/49 | €229,341 | €249,623 | +€20,282 | +8.8% |
| Amounts payable after more than one year | 17 | €25,063 | €33,484 | +€8,421 | +33.6% |
| Financial debts | 170/4 | €25,063 | €33,484 | +€8,421 | +33.6% |
| Amounts payable within one year | 42/48 | €204,177 | €216,139 | +€11,962 | +5.9% |
| Current portion of amounts payable after more than one year | 42 | €27,370 | €35,688 | +€8,318 | +30.4% |
| Trade debts | 44 | €6,270 | €34,703 | +€28,433 | +453% |
| Suppliers | 440/4 | €6,270 | €34,703 | +€28,433 | +453% |
| Taxes, remuneration and social security | 45 | €156,014 | €137,144 | -€18,870 | -12.1% |
| Taxes | 450/3 | €34,460 | €27,065 | -€7,394 | -21.5% |
| Remuneration and social security | 454/9 | €121,554 | €110,078 | -€11,476 | -9.4% |
| Other amounts payable | 47/48 | €14,522 | €8,603 | -€5,919 | -40.8% |
| Accrued charges and deferred income | 492/3 | €100 | - | -€100 | |
| Non-recurring operating income | 76A | €20 | - | -€20 | |
| Remuneration, social security and pensions | 62 | €468,455 | €538,307 | +€69,851 | +14.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,593 | €16,741 | +€1,148 | +7.4% |
| Other operating charges | 640/8 | €1,310 | €3,180 | +€1,870 | +143% |
| Non-recurring operating charges | 66A | €587 | €782 | +€195 | +33.3% |
| Gross operating margin | 9900 | €448,988 | €567,878 | +€118,890 | +26.5% |
| Operating profit (loss) | 9901 | -€36,958 | €8,867 | +€45,825 | |
| Financial income | 75/76B | €50 | €199 | +€149 | +298% |
| Recurring financial income | 75 | €50 | €199 | +€149 | +298% |
| Financial charges | 65/66B | €9,882 | €5,972 | -€3,910 | -39.6% |
| Recurring financial charges | 65 | €9,882 | €5,972 | -€3,910 | -39.6% |
| Profit (loss) for the period before taxes | 9903 | -€46,790 | €3,094 | +€49,884 | |
| Income taxes | 67/77 | €149 | €504 | +€355 | +238% |
| Profit (loss) for the period | 9904 | -€46,939 | €2,590 | +€49,529 | |
| Profit (loss) for the period to be appropriated | 9905 | -€46,939 | €2,590 | +€49,529 |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 13 October 2026 via checked.be.