MICROTECH: 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.
MICROTECH
Largest movements
- Current investments -€75,000
down €75,000 (-100%), from €75,000 to €0
- Cash +€36,203
up €36,203 (+71.5%), from €50,634 to €86,837
mainly Current investments (+€75,000) and Depreciation (+€25,461)
- Tangible fixed assets -€23,821
down €23,821 (-10.7%), from €222,816 to €198,994
of which Furniture and vehicles: -€12,427
- Receivables within one year -€19,675
down €19,675 (-41.0%), from €47,967 to €28,292
of which Trade receivables: -€20,634
- Financial fixed assets +€12,937
up €12,937 (+47.9%), from €27,026 to €39,963
- Reserves -€46,723
down €46,723 (-22.7%), from €205,789 to €159,065
- Debts after one year -€21,837
down €21,837 (-14.4%), from €152,001 to €130,164
- Gross operating margin -€7,145
down €7,145 (-10.0%), from €71,373 to €64,228
- Financial income -€2,212
down €2,212 (-97.7%), from €2,263 to €51
- Financial charges -€868
down €868 (-20.3%), from €4,264 to €3,396
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 | €426,668 | €354,247 | -€72,421 | -17.0% |
| Fixed assets | 21/28 | €249,841 | €238,957 | -€10,884 | -4.4% |
| Tangible fixed assets | 22/27 | €222,816 | €198,994 | -€23,821 | -10.7% |
| Land and buildings | 22 | €173,637 | €163,089 | -€10,548 | -6.1% |
| Plant, machinery and equipment | 23 | €846 | - | -€846 | |
| Furniture and vehicles | 24 | €48,333 | €35,906 | -€12,427 | -25.7% |
| Financial fixed assets | 28 | €27,026 | €39,963 | +€12,937 | +47.9% |
| Current assets | 29/58 | €176,827 | €115,290 | -€61,537 | -34.8% |
| Amounts receivable within one year | 40/41 | €47,967 | €28,292 | -€19,675 | -41.0% |
| Trade receivables | 40 | €38,532 | €17,898 | -€20,634 | -53.6% |
| Other amounts receivable | 41 | €9,435 | €10,394 | +€959 | +10.2% |
| Current investments | 50/53 | €75,000 | €0 | -€75,000 | -100% |
| Cash at bank and in hand | 54/58 | €50,634 | €86,837 | +€36,203 | +71.5% |
| Deferred charges and accrued income | 490/1 | €3,226 | €161 | -€3,065 | -95.0% |
| Total equity and liabilities | 10/49 | €426,668 | €354,247 | -€72,421 | -17.0% |
| Equity | 10/15 | €230,789 | €184,065 | -€46,723 | -20.2% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Reserves | 13 | €205,789 | €159,065 | -€46,723 | -22.7% |
| Distributable reserves | 133 | €205,789 | €159,065 | -€46,723 | -22.7% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €195,879 | €170,181 | -€25,698 | -13.1% |
| Amounts payable after more than one year | 17 | €152,001 | €130,164 | -€21,837 | -14.4% |
| Financial debts | 170/4 | €152,001 | €130,164 | -€21,837 | -14.4% |
| Amounts payable within one year | 42/48 | €43,679 | €39,833 | -€3,846 | -8.8% |
| Current portion of amounts payable after more than one year | 42 | €21,559 | €22,138 | +€579 | +2.7% |
| Trade debts | 44 | €6,950 | €7,860 | +€910 | +13.1% |
| Suppliers | 440/4 | €6,950 | €7,860 | +€910 | +13.1% |
| Taxes, remuneration and social security | 45 | €13,115 | €9,746 | -€3,369 | -25.7% |
| Taxes | 450/3 | €11,769 | €9,746 | -€2,023 | -17.2% |
| Remuneration and social security | 454/9 | €1,346 | €0 | -€1,346 | -100% |
| Other amounts payable | 47/48 | €2,056 | €89 | -€1,967 | -95.7% |
| Accrued charges and deferred income | 492/3 | €199 | €184 | -€15 | -7.5% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €25,873 | €25,461 | -€411 | -1.6% |
| Other operating charges | 640/8 | €1,546 | €1,477 | -€68 | -4.4% |
| Gross operating margin | 9900 | €71,373 | €64,228 | -€7,145 | -10.0% |
| Operating profit (loss) | 9901 | €43,955 | €37,289 | -€6,666 | -15.2% |
| Financial income | 75/76B | €2,263 | €51 | -€2,212 | -97.7% |
| Recurring financial income | 75 | €2,263 | €51 | -€2,212 | -97.7% |
| Financial charges | 65/66B | €4,264 | €3,396 | -€868 | -20.3% |
| Recurring financial charges | 65 | €4,264 | €3,396 | -€868 | -20.3% |
| Profit (loss) for the period before taxes | 9903 | €41,954 | €33,944 | -€8,010 | -19.1% |
| Income taxes | 67/77 | €9,340 | €9,709 | +€370 | +4.0% |
| Profit (loss) for the period | 9904 | €32,614 | €24,235 | -€8,379 | -25.7% |
| Profit (loss) for the period to be appropriated | 9905 | €32,614 | €24,235 | -€8,379 | -25.7% |
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 18 October 2026 via checked.be.