MICROFUSION: 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.
MICROFUSION
Largest movements
- Tangible fixed assets -€47,263
down €47,263 (-4.6%), from €1.0m to €988,809
of which Land and buildings: -€36,277
- Cash -€13,421
down €13,421 (-23.0%), from €58,394 to €44,973
mainly Debts after one year (-€57,794) and Net result for the year (-€28,964)
- Debts after one year -€57,794
down €57,794 (-8.2%), from €704,099 to €646,305
- Accrued charges and deferred income +€51,000
new in 2025: €51,000
- Reserves -€28,964
down €28,964 (-6.8%), from €422,841 to €393,878
of which Distributable reserves: -€28,964
- Trade debts -€25,822
down €25,822 (-76.1%), from €33,935 to €8,113
- Gross operating margin -€56,474
down €56,474 (-54.9%), from €102,800 to €46,326
- Taxes -€10,826
down €10,826 (-98.3%), from €11,016 to €190
- Financial charges +€5,798
up €5,798 (+31.9%), from €18,168 to €23,965
- Depreciation -€3,175
down €3,175 (-6.2%), from €51,591 to €48,416
- Other operating charges +€2,050
up €2,050 (+42.4%), from €4,838 to €6,888
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 | €1,262,924 | €1,195,469 | -€67,455 | -5.3% |
| Fixed assets | 21/28 | €1,036,369 | €989,106 | -€47,263 | -4.6% |
| Tangible fixed assets | 22/27 | €1,036,072 | €988,809 | -€47,263 | -4.6% |
| Land and buildings | 22 | €994,719 | €958,442 | -€36,277 | -3.6% |
| Plant, machinery and equipment | 23 | €838 | €514 | -€324 | -38.7% |
| Furniture and vehicles | 24 | €40,515 | €29,853 | -€10,662 | -26.3% |
| Financial fixed assets | 28 | €297 | €297 | = | 0.0% |
| Current assets | 29/58 | €226,555 | €206,363 | -€20,192 | -8.9% |
| Amounts receivable after more than one year | 29 | €100,000 | €100,000 | = | 0.0% |
| Other amounts receivable | 291 | €100,000 | €100,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €65,192 | €58,992 | -€6,200 | -9.5% |
| Trade receivables | 40 | €1,210 | €5,445 | +€4,235 | +350% |
| Other amounts receivable | 41 | €63,982 | €53,547 | -€10,435 | -16.3% |
| Cash at bank and in hand | 54/58 | €58,394 | €44,973 | -€13,421 | -23.0% |
| Deferred charges and accrued income | 490/1 | €2,969 | €2,398 | -€571 | -19.2% |
| Total equity and liabilities | 10/49 | €1,262,924 | €1,195,469 | -€67,455 | -5.3% |
| Equity | 10/15 | €441,441 | €412,478 | -€28,964 | -6.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €422,841 | €393,878 | -€28,964 | -6.8% |
| 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 | €420,981 | €392,018 | -€28,964 | -6.9% |
| Provisions and deferred taxes | 16 | €12,000 | €12,000 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €12,000 | €12,000 | = | 0.0% |
| Environmental obligations | 163 | €12,000 | €12,000 | = | 0.0% |
| Amounts payable | 17/49 | €809,483 | €770,992 | -€38,491 | -4.8% |
| Amounts payable after more than one year | 17 | €704,099 | €646,305 | -€57,794 | -8.2% |
| Financial debts | 170/4 | €704,099 | €646,305 | -€57,794 | -8.2% |
| Amounts payable within one year | 42/48 | €105,384 | €73,687 | -€31,697 | -30.1% |
| Current portion of amounts payable after more than one year | 42 | €56,129 | €57,794 | +€1,665 | +3.0% |
| Financial debts | 43 | €803 | €0 | -€803 | -100% |
| Credit institutions | 430/8 | €803 | €0 | -€803 | -100% |
| Trade debts | 44 | €33,935 | €8,113 | -€25,822 | -76.1% |
| Suppliers | 440/4 | €33,935 | €8,113 | -€25,822 | -76.1% |
| Taxes, remuneration and social security | 45 | €11,016 | €733 | -€10,283 | -93.3% |
| Taxes | 450/3 | €11,016 | €733 | -€10,283 | -93.3% |
| Other amounts payable | 47/48 | €3,501 | €7,047 | +€3,546 | +101% |
| Accrued charges and deferred income | 492/3 | - | €51,000 | +€51,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €51,591 | €48,416 | -€3,175 | -6.2% |
| Other operating charges | 640/8 | €4,838 | €6,888 | +€2,050 | +42.4% |
| Gross operating margin | 9900 | €102,800 | €46,326 | -€56,474 | -54.9% |
| Operating profit (loss) | 9901 | €46,371 | -€8,978 | -€55,349 | |
| Financial income | 75/76B | €2,601 | €4,170 | +€1,569 | +60.3% |
| Recurring financial income | 75 | €2,601 | €4,170 | +€1,569 | +60.3% |
| Financial charges | 65/66B | €18,168 | €23,965 | +€5,798 | +31.9% |
| Recurring financial charges | 65 | €18,168 | €23,965 | +€5,798 | +31.9% |
| Profit (loss) for the period before taxes | 9903 | €30,804 | -€28,774 | -€59,577 | |
| Income taxes | 67/77 | €11,016 | €190 | -€10,826 | -98.3% |
| Profit (loss) for the period | 9904 | €19,788 | -€28,964 | -€48,752 | |
| Profit (loss) for the period to be appropriated | 9905 | €19,788 | -€28,964 | -€48,752 |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 19 October 2026 via checked.be.