MICROCOM: 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.
MICROCOM
Largest movements
- Receivables within one year -€51,898
down €51,898 (-24.5%), from €212,234 to €160,336
of which Other amounts receivable: -€41,909
- Tangible fixed assets -€22,970
down €22,970 (-4.4%), from €519,655 to €496,685
of which Land and buildings: -€21,649
- Cash +€22,520
up €22,520 (+181%), from €12,467 to €34,986
mainly Receivables within one year (+€51,898) and Net result for the year (+€28,315)
- Deferred charges and accrued income -€13,741
down €13,741 (-46.2%), from €29,741 to €16,000
- Short-term financial debts -€50,000
down €50,000 (-40.0%), from €125,000 to €75,000
- Debts after one year -€41,542
down €41,542 (-10.6%), from €391,001 to €349,459
- Reserves +€28,000
up €28,000 (+26.7%), from €104,805 to €132,805
of which Distributable reserves: +€28,000
- Gross operating margin +€22,633
up €22,633 (+11.4%), from €199,109 to €221,743
- Staff costs +€17,905
up €17,905 (+16.2%), from €110,808 to €128,713
- Depreciation +€6,849
up €6,849 (+35.7%), from €19,182 to €26,031
- Financial charges +€4,237
up €4,237 (+19.5%), from €21,698 to €25,935
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 | €795,118 | €726,808 | -€68,311 | -8.6% |
| Fixed assets | 21/28 | €519,655 | €496,685 | -€22,970 | -4.4% |
| Tangible fixed assets | 22/27 | €519,655 | €496,685 | -€22,970 | -4.4% |
| Land and buildings | 22 | €502,053 | €480,404 | -€21,649 | -4.3% |
| Plant, machinery and equipment | 23 | €1,569 | €1,063 | -€507 | -32.3% |
| Furniture and vehicles | 24 | €16,032 | €15,218 | -€814 | -5.1% |
| Current assets | 29/58 | €275,464 | €230,123 | -€45,340 | -16.5% |
| Stocks and contracts in progress | 3 | €21,021 | €18,800 | -€2,221 | -10.6% |
| Stocks | 30/36 | €21,021 | €18,800 | -€2,221 | -10.6% |
| Amounts receivable within one year | 40/41 | €212,234 | €160,336 | -€51,898 | -24.5% |
| Trade receivables | 40 | €156,534 | €146,545 | -€9,989 | -6.4% |
| Other amounts receivable | 41 | €55,701 | €13,791 | -€41,909 | -75.2% |
| Cash at bank and in hand | 54/58 | €12,467 | €34,986 | +€22,520 | +181% |
| Deferred charges and accrued income | 490/1 | €29,741 | €16,000 | -€13,741 | -46.2% |
| Total equity and liabilities | 10/49 | €795,118 | €726,808 | -€68,311 | -8.6% |
| Equity | 10/15 | €136,817 | €165,131 | +€28,315 | +20.7% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €104,805 | €132,805 | +€28,000 | +26.7% |
| Non-distributable reserves | 130/1 | €2,000 | €2,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,000 | €2,000 | = | 0.0% |
| Distributable reserves | 133 | €102,805 | €130,805 | +€28,000 | +27.2% |
| Profit (loss) carried forward | 14 | €12,012 | €12,327 | +€315 | +2.6% |
| Amounts payable | 17/49 | €658,302 | €561,676 | -€96,626 | -14.7% |
| Amounts payable after more than one year | 17 | €391,001 | €349,459 | -€41,542 | -10.6% |
| Financial debts | 170/4 | €391,001 | €349,459 | -€41,542 | -10.6% |
| Amounts payable within one year | 42/48 | €267,300 | €212,217 | -€55,083 | -20.6% |
| Current portion of amounts payable after more than one year | 42 | €39,923 | €41,542 | +€1,619 | +4.1% |
| Financial debts | 43 | €125,000 | €75,000 | -€50,000 | -40.0% |
| Credit institutions | 430/8 | €125,000 | €75,000 | -€50,000 | -40.0% |
| Trade debts | 44 | €70,253 | €66,299 | -€3,953 | -5.6% |
| Suppliers | 440/4 | €70,253 | €66,299 | -€3,953 | -5.6% |
| Advances received on contracts in progress | 46 | €6,488 | €72 | -€6,415 | -98.9% |
| Taxes, remuneration and social security | 45 | €10,000 | €12,315 | +€2,315 | +23.1% |
| Taxes | 450/3 | - | €5,220 | +€5,220 | |
| Remuneration and social security | 454/9 | €10,000 | €7,095 | -€2,905 | -29.1% |
| Other amounts payable | 47/48 | €15,637 | €16,989 | +€1,352 | +8.6% |
| Non-recurring operating income | 76A | €1,307 | €23,092 | +€21,785 | +1,667% |
| Remuneration, social security and pensions | 62 | €110,808 | €128,713 | +€17,905 | +16.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,182 | €26,031 | +€6,849 | +35.7% |
| Other operating charges | 640/8 | €2,594 | €3,328 | +€735 | +28.3% |
| Gross operating margin | 9900 | €199,109 | €221,743 | +€22,633 | +11.4% |
| Operating profit (loss) | 9901 | €66,525 | €63,670 | -€2,855 | -4.3% |
| Financial income | 75/76B | €362 | €2,175 | +€1,813 | +502% |
| Recurring financial income | 75 | €362 | €2,175 | +€1,813 | +502% |
| Financial charges | 65/66B | €21,698 | €25,935 | +€4,237 | +19.5% |
| Recurring financial charges | 65 | €21,698 | €25,935 | +€4,237 | +19.5% |
| Profit (loss) for the period before taxes | 9903 | €45,189 | €39,910 | -€5,279 | -11.7% |
| Income taxes | 67/77 | €9,614 | €11,595 | +€1,981 | +20.6% |
| Profit (loss) for the period | 9904 | €35,575 | €28,315 | -€7,260 | -20.4% |
| Profit (loss) for the period to be appropriated | 9905 | €35,575 | €28,315 | -€7,260 | -20.4% |
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 13 October 2026 via checked.be.