MICOVER: 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.
MICOVER
Largest movements
- Tangible fixed assets +€17,112
up €17,112 (+42.5%), from €40,298 to €57,410
of which Furniture and vehicles: +€17,536
- Cash +€7,566
up €7,566 (+9.7%), from €77,847 to €85,413
mainly Debts after one year (+€13,783) and Depreciation (+€11,142)
- Receivables within one year +€5,526
up €5,526 (+10.6%), from €51,941 to €57,467
of which Trade receivables: +€5,890
- Debts after one year +€13,783
up €13,783 (+72.7%), from €18,964 to €32,747
- Reserves +€8,725
up €8,725 (+6.6%), from €131,981 to €140,707
- Current portion of long-term debt +€5,115
up €5,115 (+74.9%), from €6,826 to €11,941
- Gross operating margin +€5,040
up €5,040 (+23.7%), from €21,228 to €26,268
- Taxes +€2,411
up €2,411 (+189.1%), from €1,275 to €3,686
- Financial income +€1,938
up €1,938 (+466.0%), from €416 to €2,354
- Staff costs -€468
down €468 (-14.3%), from €3,279 to €2,812
- Financial charges -€421
down €421 (-25.2%), from €1,670 to €1,249
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 | €170,980 | €202,270 | +€31,290 | +18.3% |
| Fixed assets | 21/28 | €40,298 | €57,410 | +€17,112 | +42.5% |
| Tangible fixed assets | 22/27 | €40,298 | €57,410 | +€17,112 | +42.5% |
| Plant, machinery and equipment | 23 | €1,289 | €865 | -€424 | -32.9% |
| Furniture and vehicles | 24 | €39,010 | €56,545 | +€17,536 | +45.0% |
| Current assets | 29/58 | €130,682 | €144,860 | +€14,178 | +10.8% |
| Amounts receivable within one year | 40/41 | €51,941 | €57,467 | +€5,526 | +10.6% |
| Trade receivables | 40 | - | €5,890 | +€5,890 | |
| Other amounts receivable | 41 | €51,941 | €51,577 | -€364 | -0.7% |
| Cash at bank and in hand | 54/58 | €77,847 | €85,413 | +€7,566 | +9.7% |
| Deferred charges and accrued income | 490/1 | €893 | €1,979 | +€1,086 | +121.6% |
| Total equity and liabilities | 10/49 | €170,980 | €202,270 | +€31,290 | +18.3% |
| Equity | 10/15 | €138,181 | €146,907 | +€8,725 | +6.3% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €131,981 | €140,707 | +€8,725 | +6.6% |
| Distributable reserves | 133 | €131,981 | €140,707 | +€8,725 | +6.6% |
| Amounts payable | 17/49 | €32,799 | €55,363 | +€22,564 | +68.8% |
| Amounts payable after more than one year | 17 | €18,964 | €32,747 | +€13,783 | +72.7% |
| Financial debts | 170/4 | €18,964 | €32,747 | +€13,783 | +72.7% |
| Amounts payable within one year | 42/48 | €13,835 | €22,587 | +€8,752 | +63.3% |
| Current portion of amounts payable after more than one year | 42 | €6,826 | €11,941 | +€5,115 | +74.9% |
| Trade debts | 44 | €6,007 | €7,953 | +€1,947 | +32.4% |
| Suppliers | 440/4 | €6,007 | €7,953 | +€1,947 | +32.4% |
| Taxes, remuneration and social security | 45 | €1,002 | €2,693 | +€1,690 | +168.7% |
| Taxes | 450/3 | €1,002 | €870 | -€132 | -13.2% |
| Remuneration and social security | 454/9 | - | €1,823 | +€1,823 | |
| Accrued charges and deferred income | 492/3 | - | €29 | +€29 | |
| Non-recurring operating income | 76A | - | €2,050 | +€2,050 | |
| Remuneration, social security and pensions | 62 | €3,279 | €2,812 | -€468 | -14.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,973 | €11,142 | +€169 | +1.5% |
| Other operating charges | 640/8 | €1,401 | €1,007 | -€394 | -28.1% |
| Non-recurring operating charges | 66A | €135 | - | -€135 | |
| Gross operating margin | 9900 | €21,228 | €26,268 | +€5,040 | +23.7% |
| Operating profit (loss) | 9901 | €5,440 | €11,307 | +€5,867 | +107.9% |
| Financial income | 75/76B | €416 | €2,354 | +€1,938 | +466.0% |
| Recurring financial income | 75 | €416 | €2,354 | +€1,938 | +466.0% |
| Financial charges | 65/66B | €1,670 | €1,249 | -€421 | -25.2% |
| Recurring financial charges | 65 | €1,670 | €1,249 | -€421 | -25.2% |
| Profit (loss) for the period before taxes | 9903 | €4,186 | €12,412 | +€8,226 | +196.5% |
| Income taxes | 67/77 | €1,275 | €3,686 | +€2,411 | +189.1% |
| Profit (loss) for the period | 9904 | €2,911 | €8,725 | +€5,815 | +199.8% |
| Profit (loss) for the period to be appropriated | 9905 | €2,911 | €8,725 | +€5,815 | +199.8% |
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 9 October 2026 via checked.be.