MICRO CHANNEL HARDWARE: what changed
Two fiscal 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.
MICRO CHANNEL HARDWARE
Largest movements
- Receivables within one year +€466,916
up €466,916 (+44.0%), from €1.1m to €1.5m
of which Trade receivables: +€534,818
- Tangible fixed assets -€30,201
down €30,201 (-50.5%), from €59,852 to €29,651
of which Leasing and similar rights: -€29,790
- Other debts +€523,087
up €523,087 (+84.7%), from €617,851 to €1.1m
- Profit (loss) carried forward -€37,668
down €37,668 (-21.4%), from -€176,044 to -€213,712
- Accrued charges and deferred income -€37,217
down €37,217 (-97.9%), from €38,003 to €786
- Trade debts -€25,584
down €25,584 (-89.9%), from €28,471 to €2,887
- Tax, wage and social debts +€24,014
up €24,014 (+22.0%), from €109,190 to €133,204
of which Remuneration and social security: +€24,237
- Staff costs -€136,458
down €136,458 (-20.1%), from €677,254 to €540,796
- Gross operating margin -€92,175
down €92,175 (-14.6%), from €630,886 to €538,711
- Depreciation -€6,379
down €6,379 (-17.8%), from €35,907 to €29,527
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 | €1,165,825 | €1,587,197 | +€421,372 | +36.1% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €59,852 | €29,651 | -€30,201 | -50.5% |
| Tangible fixed assets | 22/27 | €59,852 | €29,651 | -€30,201 | -50.5% |
| Furniture and vehicles | 24 | €674 | €262 | -€412 | -61.1% |
| Leasing and similar rights | 25 | €59,178 | €29,389 | -€29,790 | -50.3% |
| Current assets | 29/58 | €1,105,972 | €1,557,546 | +€451,573 | +40.8% |
| Amounts receivable within one year | 40/41 | €1,060,375 | €1,527,292 | +€466,916 | +44.0% |
| Trade receivables | 40 | €987,958 | €1,522,776 | +€534,818 | +54.1% |
| Other amounts receivable | 41 | €72,418 | €4,516 | -€67,902 | -93.8% |
| Cash at bank and in hand | 54/58 | €23,392 | €22,906 | -€486 | -2.1% |
| Deferred charges and accrued income | 490/1 | €22,205 | €7,348 | -€14,857 | -66.9% |
| Total equity and liabilities | 10/49 | €1,165,825 | €1,587,197 | +€421,372 | +36.1% |
| Equity | 10/15 | €330,306 | €292,638 | -€37,668 | -11.4% |
| Contributions | 10/11 | €459,604 | €459,604 | = | 0.0% |
| Capital | 10 | €459,604 | €459,604 | = | 0.0% |
| Issued capital | 100 | €459,604 | €459,604 | = | 0.0% |
| Reserves | 13 | €46,746 | €46,746 | = | 0.0% |
| Non-distributable reserves | 130/1 | €46,746 | €46,746 | = | 0.0% |
| Legal reserve | 130 | €46,746 | €46,746 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€176,044 | -€213,712 | -€37,668 | -21.4% |
| Amounts payable | 17/49 | €835,519 | €1,294,559 | +€459,040 | +54.9% |
| Amounts payable after more than one year | 17 | €16,936 | €6,917 | -€10,019 | -59.2% |
| Financial debts | 170/4 | €16,936 | €6,917 | -€10,019 | -59.2% |
| Amounts payable within one year | 42/48 | €780,580 | €1,286,856 | +€506,276 | +64.9% |
| Current portion of amounts payable after more than one year | 42 | €25,067 | €9,826 | -€15,241 | -60.8% |
| Trade debts | 44 | €28,471 | €2,887 | -€25,584 | -89.9% |
| Suppliers | 440/4 | €28,471 | €2,887 | -€25,584 | -89.9% |
| Taxes, remuneration and social security | 45 | €109,190 | €133,204 | +€24,014 | +22.0% |
| Taxes | 450/3 | €1,191 | €968 | -€223 | -18.7% |
| Remuneration and social security | 454/9 | €107,999 | €132,236 | +€24,237 | +22.4% |
| Other amounts payable | 47/48 | €617,851 | €1,140,938 | +€523,087 | +84.7% |
| Accrued charges and deferred income | 492/3 | €38,003 | €786 | -€37,217 | -97.9% |
| Remuneration, social security and pensions | 62 | €677,254 | €540,796 | -€136,458 | -20.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €35,907 | €29,527 | -€6,379 | -17.8% |
| Other operating charges | 640/8 | €8,486 | €6,212 | -€2,274 | -26.8% |
| Gross operating margin | 9900 | €630,886 | €538,711 | -€92,175 | -14.6% |
| Operating profit (loss) | 9901 | -€90,760 | -€37,825 | +€52,936 | +58.3% |
| Financial income | 75/76B | €1 | €2,029 | +€2,029 | +349782.8% |
| Recurring financial income | 75 | €1 | €2,029 | +€2,029 | +349782.8% |
| Financial charges | 65/66B | €5,309 | €1,722 | -€3,587 | -67.6% |
| Recurring financial charges | 65 | €5,309 | €1,722 | -€3,587 | -67.6% |
| Profit (loss) for the period before taxes | 9903 | -€96,069 | -€37,518 | +€58,551 | +60.9% |
| Income taxes | 67/77 | €699 | €150 | -€549 | -78.5% |
| Profit (loss) for the period | 9904 | -€96,768 | -€37,668 | +€59,100 | +61.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€96,768 | -€37,668 | +€59,100 | +61.1% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.