MICROLEASE: 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.
What changed
MICROLEASE
NACE 77.210, Renting and leasing of sports and recreation goods
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€171,795
2024 · €28,851+€142,943
Equity
€2.0m
2024 · €1.8m+€171,795
Cash
€380,030
2024 · €136,686+€243,344
Balance sheet total
€14.9m
2024 · €11.0m+€3.9m
Largest movements
Assets
- Tangible fixed assets +€3.5m
up €3.5m (+34.0%), from €10.4m to €13.9m
of which Other tangible fixed assets: +€3.7m
- Cash +€243,344
up €243,344 (+178%), from €136,686 to €380,030
mainly Depreciation (+€5.4m) and Current portion of long-term debt (+€2.0m)
Equity and liabilities
- Current portion of long-term debt +€2.0m
up €2.0m (+51.1%), from €3.9m to €5.8m
- Debts after one year +€1.7m
up €1.7m (+34.4%), from €5.0m to €6.7m
- Profit (loss) carried forward +€171,795
up €171,795 (+21.0%), from €817,446 to €989,240
Income statement
- Gross operating margin +€2.3m
up €2.3m (+51.8%), from €4.5m to €6.9m
- Depreciation +€1.6m
up €1.6m (+43.7%), from €3.7m to €5.4m
- Staff costs +€384,099
up €384,099 (+233%), from €164,741 to €548,840
- Financial charges +€213,507
up €213,507 (+49.9%), from €428,154 to €641,661
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.
Result 2024
€28,851
Gross operating margin
+€2.3m
Staff costs
-€384,099
Depreciation
-€1.6m
Other operating charges
-€8,120
Other operating items
+€100,126
Financial income
-€770
Financial charges
-€213,507
Taxes
-€61,476
Result 2025
€171,795
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€5.6m
Investment
-€9.0m
Financing
+€3.7m
Cash 2024
€136,686
From operations (derived)
+€5.6m
Net result for the year
+€171,795
Depreciation
+€5.4m
Receivables within one year
+€130,881
Deferred charges and accrued income
-€127,043
Smaller working-capital items
-€27,419
Accrued charges and deferred income
+€64,666
Investment (derived)
-€9.0m
Investment in fixed assets (net)
-€9.0m
Financing
+€3.7m
Debts after one year
+€1.7m
Current portion of long-term debt
+€2.0m
Cash 2025
€380,030
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €10,990,342 | €14,887,641 | +€3.9m | +35.5% |
| Fixed assets | 21/28 | €10,393,747 | €14,051,540 | +€3.7m | +35.2% |
| Intangible fixed assets | 21 | €2,211 | €125,877 | +€123,667 | +5,594% |
| Tangible fixed assets | 22/27 | €10,391,536 | €13,925,663 | +€3.5m | +34.0% |
| Plant, machinery and equipment | 23 | €0 | - | = | |
| Furniture and vehicles | 24 | €4,657 | €12,401 | +€7,744 | +166% |
| Leasing and similar rights | 25 | €612,761 | €407,416 | -€205,345 | -33.5% |
| Other tangible fixed assets | 26 | €9,774,118 | €13,505,846 | +€3.7m | +38.2% |
| Current assets | 29/58 | €596,595 | €836,101 | +€239,505 | +40.1% |
| Amounts receivable within one year | 40/41 | €435,336 | €304,455 | -€130,881 | -30.1% |
| Trade receivables | 40 | €345,666 | €179,437 | -€166,229 | -48.1% |
| Other amounts receivable | 41 | €89,670 | €125,018 | +€35,348 | +39.4% |
| Cash at bank and in hand | 54/58 | €136,686 | €380,030 | +€243,344 | +178% |
| Deferred charges and accrued income | 490/1 | €24,574 | €151,616 | +€127,043 | +517% |
| Total equity and liabilities | 10/49 | €10,990,342 | €14,887,641 | +€3.9m | +35.5% |
| Equity | 10/15 | €1,784,491 | €1,956,286 | +€171,795 | +9.6% |
| Contributions | 10/11 | €966,200 | €966,200 | = | 0.0% |
| Reserves | 13 | €845 | €845 | = | 0.0% |
| Distributable reserves | 133 | €845 | €845 | = | 0.0% |
| Profit (loss) carried forward | 14 | €817,446 | €989,240 | +€171,795 | +21.0% |
| Amounts payable | 17/49 | €9,205,851 | €12,931,356 | +€3.7m | +40.5% |
| Amounts payable after more than one year | 17 | €4,985,523 | €6,700,352 | +€1.7m | +34.4% |
| Financial debts | 170/4 | €4,985,523 | €6,700,352 | +€1.7m | +34.4% |
| Amounts payable within one year | 42/48 | €4,220,328 | €6,166,338 | +€1.9m | +46.1% |
| Current portion of amounts payable after more than one year | 42 | €3,859,845 | €5,833,274 | +€2.0m | +51.1% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €315,053 | €296,432 | -€18,621 | -5.9% |
| Suppliers | 440/4 | €315,053 | €296,432 | -€18,621 | -5.9% |
| Advances received on contracts in progress | 46 | €133 | €0 | -€133 | -100% |
| Taxes, remuneration and social security | 45 | €34,984 | €36,233 | +€1,249 | +3.6% |
| Taxes | 450/3 | €17,168 | €0 | -€17,168 | -100% |
| Remuneration and social security | 454/9 | €17,816 | €36,233 | +€18,417 | +103% |
| Other amounts payable | 47/48 | €10,313 | €399 | -€9,914 | -96.1% |
| Accrued charges and deferred income | 492/3 | €0 | €64,666 | +€64,666 | |
| Non-recurring operating income | 76A | €83,510 | €51,794 | -€31,716 | -38.0% |
| Remuneration, social security and pensions | 62 | €164,741 | €548,840 | +€384,099 | +233% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,723,445 | €5,352,024 | +€1.6m | +43.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €0 | - | = | |
| Other operating charges | 640/8 | €11,466 | €19,586 | +€8,120 | +70.8% |
| Non-recurring operating charges | 66A | €155,762 | €55,636 | -€100,126 | -64.3% |
| Gross operating margin | 9900 | €4,515,259 | €6,854,627 | +€2.3m | +51.8% |
| Operating profit (loss) | 9901 | €459,846 | €878,541 | +€418,695 | +91.1% |
| Financial income | 75/76B | €2,310 | €1,540 | -€770 | -33.3% |
| Recurring financial income | 75 | €2,310 | €1,540 | -€770 | -33.3% |
| Financial charges | 65/66B | €428,154 | €641,661 | +€213,507 | +49.9% |
| Recurring financial charges | 65 | €428,154 | €641,661 | +€213,507 | +49.9% |
| Profit (loss) for the period before taxes | 9903 | €34,001 | €238,420 | +€204,419 | +601% |
| Income taxes | 67/77 | €5,150 | €66,625 | +€61,476 | +1,194% |
| Profit (loss) for the period | 9904 | €28,851 | €171,795 | +€142,943 | +495% |
| Profit (loss) for the period to be appropriated | 9905 | €28,851 | €171,795 | +€142,943 | +495% |
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 23 October 2026 via checked.be.