MICROWARE SOLUTIONS: 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.
MICROWARE SOLUTIONS
Largest movements
- Stocks and contracts -€75,000
down €75,000 (-15.4%), from €485,834 to €410,834
- Receivables within one year +€58,471
up €58,471 (+3.4%), from €1.7m to €1.8m
of which Trade receivables: +€60,713
- Tangible fixed assets -€42,998
down €42,998 (-9.8%), from €438,910 to €395,912
of which Furniture and vehicles: -€29,416
- Trade debts -€209,223
down €209,223 (-52.7%), from €397,246 to €188,023
- Reserves +€191,646
up €191,646 (+46.2%), from €414,880 to €606,526
of which Distributable reserves: +€191,646
- Debts after one year -€151,678
down €151,678 (-88.4%), from €171,487 to €19,809
of which Financial debts: -€151,428
- Short-term financial debts +€141,189
up €141,189 (+126.6%), from €111,534 to €252,723
of which Credit institutions: +€141,189
- Tax, wage and social debts -€38,311
down €38,311 (-16.8%), from €227,568 to €189,257
of which Taxes: -€19,451
- Write-downs +€74,478
new in 2025: €74,478
- Gross operating margin +€66,609
up €66,609 (+7.3%), from €909,826 to €976,435
- Staff costs -€65,818
down €65,818 (-12.3%), from €535,857 to €470,039
- Taxes +€18,095
up €18,095 (+16.7%), from €108,485 to €126,580
- Financial income +€11,141
up €11,141 (+35.0%), from €31,836 to €42,977
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 | €2,720,935 | €2,638,584 | -€82,351 | -3.0% |
| Fixed assets | 21/28 | €438,910 | €395,912 | -€42,998 | -9.8% |
| Tangible fixed assets | 22/27 | €438,910 | €395,912 | -€42,998 | -9.8% |
| Plant, machinery and equipment | 23 | €65,005 | €60,998 | -€4,007 | -6.2% |
| Furniture and vehicles | 24 | €109,351 | €79,935 | -€29,416 | -26.9% |
| Other tangible fixed assets | 26 | €264,554 | €254,979 | -€9,574 | -3.6% |
| Current assets | 29/58 | €2,282,025 | €2,242,671 | -€39,354 | -1.7% |
| Stocks and contracts in progress | 3 | €485,834 | €410,834 | -€75,000 | -15.4% |
| Stocks | 30/36 | €485,834 | €410,834 | -€75,000 | -15.4% |
| Amounts receivable within one year | 40/41 | €1,738,853 | €1,797,323 | +€58,471 | +3.4% |
| Trade receivables | 40 | €330,240 | €390,953 | +€60,713 | +18.4% |
| Other amounts receivable | 41 | €1,408,613 | €1,406,370 | -€2,242 | -0.2% |
| Cash at bank and in hand | 54/58 | €24,508 | €12,150 | -€12,358 | -50.4% |
| Deferred charges and accrued income | 490/1 | €32,831 | €22,364 | -€10,467 | -31.9% |
| Total equity and liabilities | 10/49 | €2,720,935 | €2,638,584 | -€82,351 | -3.0% |
| Equity | 10/15 | €972,516 | €1,164,162 | +€191,646 | +19.7% |
| Contributions | 10/11 | €108,000 | €108,000 | = | 0.0% |
| Reserves | 13 | €414,880 | €606,526 | +€191,646 | +46.2% |
| Non-distributable reserves | 130/1 | €10,800 | €10,800 | = | 0.0% |
| Reserves not available under the articles | 1311 | €10,800 | €10,800 | = | 0.0% |
| Tax-exempt reserves | 132 | €16,962 | €16,962 | = | 0.0% |
| Distributable reserves | 133 | €387,117 | €578,763 | +€191,646 | +49.5% |
| Profit (loss) carried forward | 14 | €449,636 | €449,636 | = | 0.0% |
| Amounts payable | 17/49 | €1,748,419 | €1,474,422 | -€273,997 | -15.7% |
| Amounts payable after more than one year | 17 | €171,487 | €19,809 | -€151,678 | -88.4% |
| Financial debts | 170/4 | €171,237 | €19,809 | -€151,428 | -88.4% |
| Other amounts payable | 178/9 | €250 | - | -€250 | |
| Amounts payable within one year | 42/48 | €1,575,386 | €1,453,076 | -€122,310 | -7.8% |
| Current portion of amounts payable after more than one year | 42 | €178,529 | €151,428 | -€27,102 | -15.2% |
| Financial debts | 43 | €111,534 | €252,723 | +€141,189 | +126.6% |
| Credit institutions | 430/8 | €61,534 | €202,723 | +€141,189 | +229.4% |
| Other loans | 439 | €50,000 | €50,000 | = | 0.0% |
| Trade debts | 44 | €397,246 | €188,023 | -€209,223 | -52.7% |
| Suppliers | 440/4 | €397,246 | €188,023 | -€209,223 | -52.7% |
| Taxes, remuneration and social security | 45 | €227,568 | €189,257 | -€38,311 | -16.8% |
| Taxes | 450/3 | €139,065 | €119,614 | -€19,451 | -14.0% |
| Remuneration and social security | 454/9 | €88,503 | €69,643 | -€18,860 | -21.3% |
| Other amounts payable | 47/48 | €660,508 | €671,644 | +€11,136 | +1.7% |
| Accrued charges and deferred income | 492/3 | €1,547 | €1,537 | -€10 | -0.6% |
| Remuneration, social security and pensions | 62 | €535,857 | €470,039 | -€65,818 | -12.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €60,015 | €54,683 | -€5,332 | -8.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €74,478 | +€74,478 | |
| Other operating charges | 640/8 | €18,630 | €17,489 | -€1,141 | -6.1% |
| Gross operating margin | 9900 | €909,826 | €976,435 | +€66,609 | +7.3% |
| Operating profit (loss) | 9901 | €295,323 | €359,746 | +€64,422 | +21.8% |
| Financial income | 75/76B | €31,836 | €42,977 | +€11,141 | +35.0% |
| Recurring financial income | 75 | €31,836 | €42,977 | +€11,141 | +35.0% |
| Financial charges | 65/66B | €11,064 | €14,497 | +€3,433 | +31.0% |
| Recurring financial charges | 65 | €11,064 | €14,497 | +€3,433 | +31.0% |
| Profit (loss) for the period before taxes | 9903 | €316,096 | €388,226 | +€72,130 | +22.8% |
| Income taxes | 67/77 | €108,485 | €126,580 | +€18,095 | +16.7% |
| Profit (loss) for the period | 9904 | €207,611 | €261,646 | +€54,035 | +26.0% |
| Profit (loss) for the period to be appropriated | 9905 | €207,611 | €261,646 | +€54,035 | +26.0% |
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 9 October 2026 via checked.be.