MICOPROJECTS: 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.
MICOPROJECTS
Largest movements
- Stocks and contracts +€109,597
up €109,597 (+63.4%), from €172,843 to €282,440
of which Stocks: +€110,835
- Cash -€12,995
down €12,995 (-100%), from €12,995 to €0
mainly Stocks and contracts (-€109,597) and Debts after one year (-€14,569)
- Tangible fixed assets +€4,341
up €4,341 (+18.3%), from €23,664 to €28,005
of which Other tangible fixed assets: +€9,286
- Receivables within one year -€3,137
down €3,137 (-73.6%), from €4,261 to €1,124
of which Trade receivables: -€1,815
- Other debts +€67,936
up €67,936 (+121%), from €55,937 to €123,872
- Short-term financial debts +€54,828
new in 2025: €54,828
- Debts after one year -€14,569
down €14,569 (-10.7%), from €135,838 to €121,269
- Profit (loss) carried forward -€7,528
down €7,528 (-52.4%), from -€14,353 to -€21,881
- Trade debts -€3,567
down €3,567 (-33.4%), from €10,673 to €7,106
- Gross operating margin +€21,735
up €21,735, from -€5,110 to €16,624
- Financial charges +€1,517
up €1,517 (+47.5%), from €3,195 to €4,712
- Financial income -€488
down €488 (-60.1%), from €812 to €324
- Depreciation +€285
up €285 (+4.6%), from €6,192 to €6,477
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 | €214,866 | €313,392 | +€98,527 | +45.9% |
| Formation expenses | 20 | €0 | - | = | |
| Fixed assets | 21/28 | €23,664 | €28,505 | +€4,841 | +20.5% |
| Tangible fixed assets | 22/27 | €23,664 | €28,005 | +€4,341 | +18.3% |
| Plant, machinery and equipment | 23 | €924 | €639 | -€285 | -30.8% |
| Furniture and vehicles | 24 | €15,419 | €10,759 | -€4,660 | -30.2% |
| Other tangible fixed assets | 26 | €7,321 | €16,607 | +€9,286 | +127% |
| Financial fixed assets | 28 | - | €500 | +€500 | |
| Current assets | 29/58 | €191,202 | €284,887 | +€93,686 | +49.0% |
| Stocks and contracts in progress | 3 | €172,843 | €282,440 | +€109,597 | +63.4% |
| Stocks | 30/36 | €171,605 | €282,440 | +€110,835 | +64.6% |
| Contracts in progress | 37 | €1,238 | €0 | -€1,238 | -100% |
| Amounts receivable within one year | 40/41 | €4,261 | €1,124 | -€3,137 | -73.6% |
| Trade receivables | 40 | €2,939 | €1,124 | -€1,815 | -61.8% |
| Other amounts receivable | 41 | €1,322 | €0 | -€1,322 | -100% |
| Cash at bank and in hand | 54/58 | €12,995 | €0 | -€12,995 | -100% |
| Deferred charges and accrued income | 490/1 | €1,103 | €1,324 | +€221 | +20.0% |
| Total equity and liabilities | 10/49 | €214,866 | €313,392 | +€98,527 | +45.9% |
| Equity | 10/15 | -€4,514 | -€12,042 | -€7,528 | -167% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €8,839 | €8,839 | = | 0.0% |
| Distributable reserves | 133 | €8,839 | €8,839 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€14,353 | -€21,881 | -€7,528 | -52.4% |
| Amounts payable | 17/49 | €219,380 | €325,434 | +€106,054 | +48.3% |
| Amounts payable after more than one year | 17 | €135,838 | €121,269 | -€14,569 | -10.7% |
| Financial debts | 170/4 | €135,838 | €121,269 | -€14,569 | -10.7% |
| Amounts payable within one year | 42/48 | €82,471 | €203,283 | +€120,812 | +146% |
| Current portion of amounts payable after more than one year | 42 | €14,162 | €14,569 | +€407 | +2.9% |
| Financial debts | 43 | - | €54,828 | +€54,828 | |
| Credit institutions | 430/8 | - | €54,828 | +€54,828 | |
| Trade debts | 44 | €10,673 | €7,106 | -€3,567 | -33.4% |
| Suppliers | 440/4 | €10,673 | €7,106 | -€3,567 | -33.4% |
| Taxes, remuneration and social security | 45 | €1,700 | €2,908 | +€1,208 | +71.1% |
| Taxes | 450/3 | €270 | €1,328 | +€1,058 | +392% |
| Remuneration and social security | 454/9 | €1,430 | €1,580 | +€150 | +10.5% |
| Other amounts payable | 47/48 | €55,937 | €123,872 | +€67,936 | +121% |
| Accrued charges and deferred income | 492/3 | €1,070 | €882 | -€189 | -17.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,192 | €6,477 | +€285 | +4.6% |
| Other operating charges | 640/8 | €667 | €827 | +€160 | +24.1% |
| Non-recurring operating charges | 66A | - | €12,333 | +€12,333 | |
| Gross operating margin | 9900 | -€5,110 | €16,624 | +€21,735 | |
| Operating profit (loss) | 9901 | -€11,969 | -€3,013 | +€8,956 | +74.8% |
| Financial income | 75/76B | €812 | €324 | -€488 | -60.1% |
| Recurring financial income | 75 | €812 | €324 | -€488 | -60.1% |
| Financial charges | 65/66B | €3,195 | €4,712 | +€1,517 | +47.5% |
| Recurring financial charges | 65 | €3,195 | €4,712 | +€1,517 | +47.5% |
| Profit (loss) for the period before taxes | 9903 | -€14,353 | -€7,401 | +€6,951 | +48.4% |
| Income taxes | 67/77 | -€0 | €127 | +€127 | |
| Profit (loss) for the period | 9904 | -€14,353 | -€7,528 | +€6,825 | +47.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€14,353 | -€7,528 | +€6,825 | +47.6% |
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 21 October 2026 via checked.be.