MICROVOLT: 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.
MICROVOLT
Largest movements
- Stocks and contracts -€48,526
down €48,526 (-68.8%), from €70,568 to €22,042
- Receivables within one year +€24,230
up €24,230 (+191.1%), from €12,676 to €36,906
of which Trade receivables: +€19,529
- Tangible fixed assets +€18,987
up €18,987 (+2301.4%), from €825 to €19,812
of which Furniture and vehicles: +€16,989
- Cash -€12,561
down €12,561 (-36.6%), from €34,356 to €21,795
mainly Receivables within one year (-€24,230) and Investment in fixed assets (net) (-€20,296)
- Deferred charges and accrued income -€1,480
down €1,480 (-24.6%), from €6,009 to €4,530
- Profit (loss) carried forward -€19,940
down €19,940 (-38.0%), from €52,501 to €32,561
- Advances received -€7,225
down €7,225 (-20.0%), from €36,094 to €28,869
- Tax, wage and social debts +€4,635
up €4,635 (+27.4%), from €16,890 to €21,525
of which Taxes: +€4,908
- Trade debts +€3,156
up €3,156 (+280.4%), from €1,126 to €4,282
- Gross operating margin -€35,250
down €35,250, from €20,028 to -€15,222
- Taxes -€3,611
down €3,611 (-92.4%), from €3,910 to €299
- Write-downs +€1,089
new in 2025: €1,089
- Depreciation +€440
up €440 (+49.2%), from €893 to €1,333
- Other operating charges +€230
up €230 (+35.1%), from €654 to €884
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 | €127,062 | €107,688 | -€19,374 | -15.2% |
| Fixed assets | 21/28 | €3,453 | €22,415 | +€18,963 | +549.2% |
| Tangible fixed assets | 22/27 | €825 | €19,812 | +€18,987 | +2301.4% |
| Plant, machinery and equipment | 23 | €825 | €2,823 | +€1,998 | +242.2% |
| Furniture and vehicles | 24 | - | €16,989 | +€16,989 | |
| Financial fixed assets | 28 | €2,628 | €2,603 | -€25 | -0.9% |
| Current assets | 29/58 | €123,609 | €85,273 | -€38,336 | -31.0% |
| Stocks and contracts in progress | 3 | €70,568 | €22,042 | -€48,526 | -68.8% |
| Stocks | 30/36 | €70,568 | €22,042 | -€48,526 | -68.8% |
| Amounts receivable within one year | 40/41 | €12,676 | €36,906 | +€24,230 | +191.1% |
| Trade receivables | 40 | €11,586 | €31,116 | +€19,529 | +168.6% |
| Other amounts receivable | 41 | €1,090 | €5,791 | +€4,701 | +431.4% |
| Cash at bank and in hand | 54/58 | €34,356 | €21,795 | -€12,561 | -36.6% |
| Deferred charges and accrued income | 490/1 | €6,009 | €4,530 | -€1,480 | -24.6% |
| Total equity and liabilities | 10/49 | €127,062 | €107,688 | -€19,374 | -15.2% |
| Equity | 10/15 | €72,952 | €53,013 | -€19,940 | -27.3% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €1,859 | €1,859 | = | 0.0% |
| Distributable reserves | 133 | €1,859 | €1,859 | = | 0.0% |
| Profit (loss) carried forward | 14 | €52,501 | €32,561 | -€19,940 | -38.0% |
| Amounts payable | 17/49 | €54,109 | €54,675 | +€566 | +1.0% |
| Amounts payable within one year | 42/48 | €54,109 | €54,675 | +€566 | +1.0% |
| Trade debts | 44 | €1,126 | €4,282 | +€3,156 | +280.4% |
| Suppliers | 440/4 | €1,126 | €4,282 | +€3,156 | +280.4% |
| Advances received on contracts in progress | 46 | €36,094 | €28,869 | -€7,225 | -20.0% |
| Taxes, remuneration and social security | 45 | €16,890 | €21,525 | +€4,635 | +27.4% |
| Taxes | 450/3 | €7,636 | €12,544 | +€4,908 | +64.3% |
| Remuneration and social security | 454/9 | €9,254 | €8,980 | -€273 | -3.0% |
| Non-recurring operating income | 76A | €15,000 | €28,667 | +€13,667 | +91.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €893 | €1,333 | +€440 | +49.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €1,089 | +€1,089 | |
| Other operating charges | 640/8 | €654 | €884 | +€230 | +35.1% |
| Non-recurring operating charges | 66A | - | €825 | +€825 | |
| Gross operating margin | 9900 | €20,028 | -€15,222 | -€35,250 | |
| Operating profit (loss) | 9901 | €18,480 | -€19,353 | -€37,833 | |
| Financial income | 75/76B | €53 | €1 | -€52 | -99.0% |
| Recurring financial income | 75 | €53 | €1 | -€52 | -99.0% |
| Financial charges | 65/66B | €255 | €288 | +€33 | +12.8% |
| Recurring financial charges | 65 | €255 | €288 | +€33 | +12.8% |
| Profit (loss) for the period before taxes | 9903 | €18,278 | -€19,640 | -€37,919 | |
| Income taxes | 67/77 | €3,910 | €299 | -€3,611 | -92.4% |
| Profit (loss) for the period | 9904 | €14,368 | -€19,940 | -€34,308 | |
| Profit (loss) for the period to be appropriated | 9905 | €14,368 | -€19,940 | -€34,308 |
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.