MICROFAX: 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.
MICROFAX
Largest movements
- Receivables within one year +€17,513
up €17,513 (+19.1%), from €91,871 to €109,384
of which Other amounts receivable: +€21,838
- Tangible fixed assets -€5,540
down €5,540 (-64.1%), from €8,636 to €3,096
- Cash -€3,026
down €3,026 (-61.5%), from €4,923 to €1,897
mainly Receivables within one year (-€17,513) and Trade debts (-€1,354)
- Profit (loss) carried forward +€11,796
up €11,796 (+70.9%), from €16,638 to €28,434
- Trade debts -€1,354
down €1,354 (-10.4%), from €13,072 to €11,718
- Tax, wage and social debts -€1,230
down €1,230 (-8.7%), from €14,071 to €12,841
- Gross operating margin +€2,694
up €2,694 (+17.0%), from €15,856 to €18,550
- Taxes -€628
down €628 (-10.3%), from €6,069 to €5,441
- Financial income +€526
up €526 (+11.2%), from €4,715 to €5,241
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 | €105,937 | €115,149 | +€9,212 | +8.7% |
| Fixed assets | 21/28 | €8,636 | €3,096 | -€5,540 | -64.1% |
| Tangible fixed assets | 22/27 | €8,636 | €3,096 | -€5,540 | -64.1% |
| Furniture and vehicles | 24 | €8,636 | €3,096 | -€5,540 | -64.1% |
| Current assets | 29/58 | €97,300 | €112,052 | +€14,752 | +15.2% |
| Amounts receivable within one year | 40/41 | €91,871 | €109,384 | +€17,513 | +19.1% |
| Trade receivables | 40 | €6,079 | €1,754 | -€4,325 | -71.2% |
| Other amounts receivable | 41 | €85,792 | €107,630 | +€21,838 | +25.5% |
| Cash at bank and in hand | 54/58 | €4,923 | €1,897 | -€3,026 | -61.5% |
| Deferred charges and accrued income | 490/1 | €507 | €771 | +€264 | +52.2% |
| Total equity and liabilities | 10/49 | €105,937 | €115,149 | +€9,212 | +8.7% |
| Equity | 10/15 | €78,793 | €90,589 | +€11,796 | +15.0% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €155 | €155 | = | 0.0% |
| Non-distributable reserves | 130/1 | €155 | €155 | = | 0.0% |
| Reserves not available under the articles | 1311 | €155 | €155 | = | 0.0% |
| Profit (loss) carried forward | 14 | €16,638 | €28,434 | +€11,796 | +70.9% |
| Amounts payable | 17/49 | €27,143 | €24,559 | -€2,584 | -9.5% |
| Amounts payable within one year | 42/48 | €27,143 | €24,559 | -€2,584 | -9.5% |
| Trade debts | 44 | €13,072 | €11,718 | -€1,354 | -10.4% |
| Suppliers | 440/4 | €13,072 | €11,718 | -€1,354 | -10.4% |
| Taxes, remuneration and social security | 45 | €14,071 | €12,841 | -€1,230 | -8.7% |
| Taxes | 450/3 | €14,071 | €12,841 | -€1,230 | -8.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,540 | €5,540 | = | 0.0% |
| Other operating charges | 640/8 | €666 | €720 | +€53 | +8.0% |
| Gross operating margin | 9900 | €15,856 | €18,550 | +€2,694 | +17.0% |
| Operating profit (loss) | 9901 | €9,649 | €12,290 | +€2,641 | +27.4% |
| Financial income | 75/76B | €4,715 | €5,241 | +€526 | +11.2% |
| Recurring financial income | 75 | €4,715 | €5,241 | +€526 | +11.2% |
| Financial charges | 65/66B | €292 | €294 | +€2 | +0.7% |
| Recurring financial charges | 65 | €292 | €294 | +€2 | +0.7% |
| Profit (loss) for the period before taxes | 9903 | €14,072 | €17,237 | +€3,165 | +22.5% |
| Income taxes | 67/77 | €6,069 | €5,441 | -€628 | -10.3% |
| Profit (loss) for the period | 9904 | €8,003 | €11,796 | +€3,793 | +47.4% |
| Profit (loss) for the period to be appropriated | 9905 | €8,003 | €11,796 | +€3,793 | +47.4% |
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 14 October 2026 via checked.be.