MICONERGY: 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.
MICONERGY
Largest movements
- Tangible fixed assets -€74,450
down €74,450 (-3.2%), from €2.3m to €2.3m
of which Land and buildings: -€73,629
- Debts after one year -€113,317
down €113,317 (-6.0%), from €1.9m to €1.8m
- Trade debts -€56,948
down €56,948 (-71.0%), from €80,172 to €23,224
- Profit (loss) carried forward +€55,006
up €55,006 (+35.7%), from €154,249 to €209,256
- Tax, wage and social debts +€26,354
up €26,354 (+112%), from €23,559 to €49,913
- Gross operating margin +€6,749
up €6,749 (+2.4%), from €284,834 to €291,583
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 | €2,465,410 | €2,378,423 | -€86,987 | -3.5% |
| Fixed assets | 21/28 | €2,347,436 | €2,272,987 | -€74,450 | -3.2% |
| Tangible fixed assets | 22/27 | €2,347,436 | €2,272,987 | -€74,450 | -3.2% |
| Land and buildings | 22 | €2,228,226 | €2,154,597 | -€73,629 | -3.3% |
| Other tangible fixed assets | 26 | €119,210 | €118,390 | -€821 | -0.7% |
| Current assets | 29/58 | €117,974 | €105,437 | -€12,538 | -10.6% |
| Amounts receivable within one year | 40/41 | €76,816 | €55,716 | -€21,100 | -27.5% |
| Trade receivables | 40 | €61,795 | €55,380 | -€6,414 | -10.4% |
| Other amounts receivable | 41 | €15,022 | €336 | -€14,686 | -97.8% |
| Cash at bank and in hand | 54/58 | €41,158 | €49,720 | +€8,562 | +20.8% |
| Total equity and liabilities | 10/49 | €2,465,410 | €2,378,423 | -€86,987 | -3.5% |
| Equity | 10/15 | €352,849 | €407,856 | +€55,006 | +15.6% |
| Contributions | 10/11 | €198,600 | €198,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | €154,249 | €209,256 | +€55,006 | +35.7% |
| Amounts payable | 17/49 | €2,112,561 | €1,970,568 | -€141,994 | -6.7% |
| Amounts payable after more than one year | 17 | €1,897,431 | €1,784,114 | -€113,317 | -6.0% |
| Financial debts | 170/4 | €1,897,431 | €1,784,114 | -€113,317 | -6.0% |
| Amounts payable within one year | 42/48 | €215,130 | €186,454 | -€28,677 | -13.3% |
| Current portion of amounts payable after more than one year | 42 | €111,399 | €113,317 | +€1,918 | +1.7% |
| Trade debts | 44 | €80,172 | €23,224 | -€56,948 | -71.0% |
| Suppliers | 440/4 | €80,172 | €23,224 | -€56,948 | -71.0% |
| Taxes, remuneration and social security | 45 | €23,559 | €49,913 | +€26,354 | +112% |
| Taxes | 450/3 | €23,559 | €49,913 | +€26,354 | +112% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €77,694 | €78,016 | +€322 | +0.4% |
| Other operating charges | 640/8 | €104,477 | €101,706 | -€2,771 | -2.7% |
| Gross operating margin | 9900 | €284,834 | €291,583 | +€6,749 | +2.4% |
| Operating profit (loss) | 9901 | €102,663 | €111,861 | +€9,197 | +9.0% |
| Financial income | 75/76B | €0 | €2 | +€2 | +2,186% |
| Recurring financial income | 75 | €0 | €2 | +€2 | +2,186% |
| Financial charges | 65/66B | €33,400 | €30,521 | -€2,879 | -8.6% |
| Recurring financial charges | 65 | €33,400 | €30,521 | -€2,879 | -8.6% |
| Profit (loss) for the period before taxes | 9903 | €69,264 | €81,341 | +€12,077 | +17.4% |
| Income taxes | 67/77 | €23,559 | €26,335 | +€2,776 | +11.8% |
| Profit (loss) for the period | 9904 | €45,705 | €55,006 | +€9,302 | +20.4% |
| Profit (loss) for the period to be appropriated | 9905 | €45,705 | €55,006 | +€9,302 | +20.4% |
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 14 October 2026 via checked.be.