MICOO: what changed
MICOO
Largest movements
- Tangible fixed assets +€523,019
up €523,019 (+1,606%), from €32,568 to €555,587
of which Land and buildings: +€529,387
- Receivables after one year +€400,000
new in 2025: €400,000
- Current investments -€150,000
down €150,000 (-100%), from €150,000 to €0
- Cash -€92,670
down €92,670 (-26.7%), from €346,646 to €253,975
mainly Investment in fixed assets (net) (-€608,114) and Receivables after one year (-€400,000)
- Debts after one year +€561,498
up €561,498, from €0 to €561,498
- Reserves +€134,297
up €134,297 (+29.4%), from €457,310 to €591,607
- Current portion of long-term debt +€25,846
up €25,846 (+256%), from €10,077 to €35,923
- Tax, wage and social debts -€16,102
down €16,102 (-36.9%), from €43,624 to €27,522
- Depreciation +€69,421
up €69,421 (+443%), from €15,674 to €85,095
- Gross operating margin +€63,045
up €63,045 (+28.3%), from €222,942 to €285,987
- Financial income +€12,046
up €12,046 (+8,294%), from €145 to €12,192
- Financial charges +€9,897
up €9,897 (+2,150%), from €460 to €10,358
- Taxes -€7,676
down €7,676 (-10.6%), from €72,237 to €64,561
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €531,296 | €1,221,557 | +€690,261 | +130% |
| Fixed assets | 21/28 | €32,568 | €555,587 | +€523,019 | +1,606% |
| Tangible fixed assets | 22/27 | €32,568 | €555,587 | +€523,019 | +1,606% |
| Land and buildings | 22 | €5,220 | €534,606 | +€529,387 | +10,142% |
| Plant, machinery and equipment | 23 | €10,614 | €14,173 | +€3,559 | +33.5% |
| Furniture and vehicles | 24 | €4,689 | €6,807 | +€2,118 | +45.2% |
| Leasing and similar rights | 25 | €12,045 | €0 | -€12,045 | -100% |
| Current assets | 29/58 | €498,728 | €665,970 | +€167,242 | +33.5% |
| Amounts receivable after more than one year | 29 | - | €400,000 | +€400,000 | |
| Trade receivables | 290 | - | €400,000 | +€400,000 | |
| Amounts receivable within one year | 40/41 | €259 | €865 | +€606 | +234% |
| Trade receivables | 40 | €259 | €0 | -€259 | -100% |
| Other amounts receivable | 41 | - | €865 | +€865 | |
| Current investments | 50/53 | €150,000 | €0 | -€150,000 | -100% |
| Cash at bank and in hand | 54/58 | €346,646 | €253,975 | -€92,670 | -26.7% |
| Deferred charges and accrued income | 490/1 | €1,823 | €11,130 | +€9,306 | +510% |
| Total equity and liabilities | 10/49 | €531,296 | €1,221,557 | +€690,261 | +130% |
| Equity | 10/15 | €462,310 | €596,607 | +€134,297 | +29.0% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €457,310 | €591,607 | +€134,297 | +29.4% |
| Distributable reserves | 133 | €457,310 | €591,607 | +€134,297 | +29.4% |
| Amounts payable | 17/49 | €68,986 | €624,950 | +€555,964 | +806% |
| Amounts payable after more than one year | 17 | €0 | €561,498 | +€561,498 | |
| Financial debts | 170/4 | €0 | €561,498 | +€561,498 | |
| Amounts payable within one year | 42/48 | €68,920 | €63,445 | -€5,475 | -7.9% |
| Current portion of amounts payable after more than one year | 42 | €10,077 | €35,923 | +€25,846 | +256% |
| Trade debts | 44 | €5,120 | - | -€5,120 | |
| Suppliers | 440/4 | €5,120 | - | -€5,120 | |
| Taxes, remuneration and social security | 45 | €43,624 | €27,522 | -€16,102 | -36.9% |
| Taxes | 450/3 | €43,624 | €27,522 | -€16,102 | -36.9% |
| Other amounts payable | 47/48 | €10,099 | - | -€10,099 | |
| Accrued charges and deferred income | 492/3 | €66 | €7 | -€59 | -89.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,674 | €85,095 | +€69,421 | +443% |
| Other operating charges | 640/8 | €1,724 | €3,869 | +€2,144 | +124% |
| Gross operating margin | 9900 | €222,942 | €285,987 | +€63,045 | +28.3% |
| Operating profit (loss) | 9901 | €205,544 | €197,024 | -€8,520 | -4.1% |
| Financial income | 75/76B | €145 | €12,192 | +€12,046 | +8,294% |
| Recurring financial income | 75 | €145 | €12,192 | +€12,046 | +8,294% |
| Financial charges | 65/66B | €460 | €10,358 | +€9,897 | +2,150% |
| Recurring financial charges | 65 | €460 | €10,358 | +€9,897 | +2,150% |
| Profit (loss) for the period before taxes | 9903 | €205,229 | €198,858 | -€6,371 | -3.1% |
| Income taxes | 67/77 | €72,237 | €64,561 | -€7,676 | -10.6% |
| Profit (loss) for the period | 9904 | €132,991 | €134,297 | +€1,306 | +1.0% |
| Profit (loss) for the period to be appropriated | 9905 | €132,991 | €134,297 | +€1,306 | +1.0% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 5 November 2026 via checked.be.