MICROSOUDURE: 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.
MICROSOUDURE
Largest movements
- Cash +€149,638
up €149,638 (+46.7%), from €320,454 to €470,092
mainly Receivables within one year (+€76,668) and Deferred charges and accrued income (+€69,624)
- Current investments +€100,000
up €100,000 (+40.0%), from €250,000 to €350,000
- Receivables within one year -€76,668
down €76,668 (-19.3%), from €397,887 to €321,220
of which Trade receivables: -€98,442
- Deferred charges and accrued income -€69,624
down €69,624 (-87.5%), from €79,529 to €9,904
- Stocks and contracts +€16,764
up €16,764 (+5.8%), from €287,599 to €304,364
- Reserves +€57,700
up €57,700 (+4.3%), from €1.3m to €1.4m
of which Distributable reserves: +€57,700
- Trade debts +€38,938
up €38,938 (+87.9%), from €44,312 to €83,250
- Gross operating margin -€180,413
down €180,413 (-26.2%), from €688,346 to €507,932
- Taxes -€56,817
down €56,817 (-68.2%), from €83,363 to €26,545
- Write-downs -€16,404
down €16,404 (-1223.5%), from -€1,341 to -€17,745
- Staff costs +€9,871
up €9,871 (+2.5%), from €395,765 to €405,636
- Financial income -€7,845
down €7,845 (-31.1%), from €25,213 to €17,367
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 | €1,466,789 | €1,571,622 | +€104,833 | +7.1% |
| Fixed assets | 21/28 | €131,319 | €116,043 | -€15,277 | -11.6% |
| Tangible fixed assets | 22/27 | €106,462 | €91,186 | -€15,277 | -14.3% |
| Plant, machinery and equipment | 23 | €102,037 | €85,871 | -€16,165 | -15.8% |
| Furniture and vehicles | 24 | €1,564 | €5,314 | +€3,750 | +239.8% |
| Leasing and similar rights | 25 | €2,862 | €0 | -€2,862 | -100.0% |
| Financial fixed assets | 28 | €24,857 | €24,857 | = | 0.0% |
| Current assets | 29/58 | €1,335,470 | €1,455,579 | +€120,110 | +9.0% |
| Stocks and contracts in progress | 3 | €287,599 | €304,364 | +€16,764 | +5.8% |
| Stocks | 30/36 | €287,599 | €304,364 | +€16,764 | +5.8% |
| Amounts receivable within one year | 40/41 | €397,887 | €321,220 | -€76,668 | -19.3% |
| Trade receivables | 40 | €387,656 | €289,213 | -€98,442 | -25.4% |
| Other amounts receivable | 41 | €10,232 | €32,006 | +€21,775 | +212.8% |
| Current investments | 50/53 | €250,000 | €350,000 | +€100,000 | +40.0% |
| Cash at bank and in hand | 54/58 | €320,454 | €470,092 | +€149,638 | +46.7% |
| Deferred charges and accrued income | 490/1 | €79,529 | €9,904 | -€69,624 | -87.5% |
| Total equity and liabilities | 10/49 | €1,466,789 | €1,571,622 | +€104,833 | +7.1% |
| Equity | 10/15 | €1,367,369 | €1,425,176 | +€57,807 | +4.2% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €1,345,956 | €1,403,656 | +€57,700 | +4.3% |
| Tax-exempt reserves | 132 | €117,162 | €117,162 | = | 0.0% |
| Distributable reserves | 133 | €1,228,794 | €1,286,494 | +€57,700 | +4.7% |
| Profit (loss) carried forward | 14 | €1,413 | €1,520 | +€107 | +7.6% |
| Amounts payable | 17/49 | €99,420 | €146,446 | +€47,026 | +47.3% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €96,068 | €142,921 | +€46,853 | +48.8% |
| Current portion of amounts payable after more than one year | 42 | €2,777 | €0 | -€2,777 | -100.0% |
| Trade debts | 44 | €44,312 | €83,250 | +€38,938 | +87.9% |
| Suppliers | 440/4 | €44,312 | €83,250 | +€38,938 | +87.9% |
| Taxes, remuneration and social security | 45 | €48,727 | €59,419 | +€10,693 | +21.9% |
| Taxes | 450/3 | €11,677 | €15,178 | +€3,501 | +30.0% |
| Remuneration and social security | 454/9 | €37,050 | €44,242 | +€7,192 | +19.4% |
| Other amounts payable | 47/48 | €253 | €253 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €3,352 | €3,525 | +€173 | +5.1% |
| Remuneration, social security and pensions | 62 | €395,765 | €405,636 | +€9,871 | +2.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €28,174 | €27,388 | -€786 | -2.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€1,341 | -€17,745 | -€16,404 | -1223.5% |
| Other operating charges | 640/8 | €27,925 | €23,909 | -€4,016 | -14.4% |
| Non-recurring operating charges | 66A | €59 | - | -€59 | |
| Gross operating margin | 9900 | €688,346 | €507,932 | -€180,413 | -26.2% |
| Operating profit (loss) | 9901 | €237,764 | €68,744 | -€169,019 | -71.1% |
| Financial income | 75/76B | €25,213 | €17,367 | -€7,845 | -31.1% |
| Recurring financial income | 75 | €25,213 | €17,367 | -€7,845 | -31.1% |
| Financial charges | 65/66B | €2,079 | €1,760 | -€320 | -15.4% |
| Recurring financial charges | 65 | €2,079 | €1,760 | -€320 | -15.4% |
| Profit (loss) for the period before taxes | 9903 | €260,897 | €84,352 | -€176,545 | -67.7% |
| Income taxes | 67/77 | €83,363 | €26,545 | -€56,817 | -68.2% |
| Profit (loss) for the period | 9904 | €177,535 | €57,807 | -€119,728 | -67.4% |
| Profit (loss) for the period to be appropriated | 9905 | €177,535 | €57,807 | -€119,728 | -67.4% |
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 5 October 2026 via checked.be.