MICOS: 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.
MICOS
Largest movements
- Cash +€13,430
up €13,430 (+12.5%), from €107,230 to €120,659
mainly Net result for the year (+€16,818) and Receivables within one year (+€7,976)
- Receivables within one year -€7,976
down €7,976 (-33.8%), from €23,624 to €15,648
of which Trade receivables: -€12,907
- Reserves +€16,818
up €16,818 (+10.2%), from €164,255 to €181,073
of which Distributable reserves: +€16,818
- Advances received -€5,810
down €5,810 (-97.8%), from €5,940 to €130
- Tax, wage and social debts -€4,958
down €4,958 (-63.8%), from €7,766 to €2,809
- Gross operating margin +€8,581
up €8,581 (+35.9%), from €23,910 to €32,491
- Other operating charges +€7,626
up €7,626 (+1678.2%), from €454 to €8,081
- Financial income +€1,310
up €1,310 (+732.2%), from €179 to €1,489
- Depreciation +€833
up €833 (+84.2%), from €989 to €1,822
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 | €194,217 | €200,584 | +€6,366 | +3.3% |
| Fixed assets | 21/28 | €9,436 | €10,333 | +€897 | +9.5% |
| Tangible fixed assets | 22/27 | €9,436 | €10,333 | +€897 | +9.5% |
| Plant, machinery and equipment | 23 | €6,142 | €5,466 | -€676 | -11.0% |
| Furniture and vehicles | 24 | €3,294 | €4,866 | +€1,572 | +47.7% |
| Current assets | 29/58 | €184,781 | €190,251 | +€5,470 | +3.0% |
| Stocks and contracts in progress | 3 | €2,826 | €2,826 | = | 0.0% |
| Stocks | 30/36 | €2,826 | €2,826 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €23,624 | €15,648 | -€7,976 | -33.8% |
| Trade receivables | 40 | €23,624 | €10,718 | -€12,907 | -54.6% |
| Other amounts receivable | 41 | - | €4,931 | +€4,931 | |
| Current investments | 50/53 | €50,717 | €50,717 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €107,230 | €120,659 | +€13,430 | +12.5% |
| Deferred charges and accrued income | 490/1 | €384 | €400 | +€16 | +4.2% |
| Total equity and liabilities | 10/49 | €194,217 | €200,584 | +€6,366 | +3.3% |
| Equity | 10/15 | €176,655 | €193,473 | +€16,818 | +9.5% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €164,255 | €181,073 | +€16,818 | +10.2% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €162,395 | €179,213 | +€16,818 | +10.4% |
| Amounts payable | 17/49 | €17,562 | €7,111 | -€10,451 | -59.5% |
| Amounts payable within one year | 42/48 | €17,562 | €7,111 | -€10,451 | -59.5% |
| Trade debts | 44 | €16 | €473 | +€457 | +2854.2% |
| Suppliers | 440/4 | €16 | €473 | +€457 | +2854.2% |
| Advances received on contracts in progress | 46 | €5,940 | €130 | -€5,810 | -97.8% |
| Taxes, remuneration and social security | 45 | €7,766 | €2,809 | -€4,958 | -63.8% |
| Taxes | 450/3 | €7,766 | €2,809 | -€4,958 | -63.8% |
| Other amounts payable | 47/48 | €3,840 | €3,699 | -€141 | -3.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €989 | €1,822 | +€833 | +84.2% |
| Other operating charges | 640/8 | €454 | €8,081 | +€7,626 | +1678.2% |
| Gross operating margin | 9900 | €23,910 | €32,491 | +€8,581 | +35.9% |
| Operating profit (loss) | 9901 | €22,466 | €22,588 | +€122 | +0.5% |
| Financial income | 75/76B | €179 | €1,489 | +€1,310 | +732.2% |
| Recurring financial income | 75 | €179 | €1,489 | +€1,310 | +732.2% |
| Financial charges | 65/66B | €156 | €144 | -€12 | -8.0% |
| Recurring financial charges | 65 | €156 | €144 | -€12 | -8.0% |
| Profit (loss) for the period before taxes | 9903 | €22,489 | €23,932 | +€1,444 | +6.4% |
| Income taxes | 67/77 | €7,199 | €7,114 | -€85 | -1.2% |
| Profit (loss) for the period | 9904 | €15,289 | €16,818 | +€1,529 | +10.0% |
| Profit (loss) for the period to be appropriated | 9905 | €15,289 | €16,818 | +€1,529 | +10.0% |
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 9 October 2026 via checked.be.