MICS PARTNERS: 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.
MICS PARTNERS
Largest movements
- Current investments +€75,082
up €75,082 (+4.3%), from €1.7m to €1.8m
- Tangible fixed assets -€25,907
down €25,907 (-16.0%), from €161,847 to €135,939
of which Furniture and vehicles: -€22,277
- Cash +€21,837
up €21,837 (+34.5%), from €63,336 to €85,173
mainly Net result for the year (+€126,150) and Other debts (+€41,322)
- Reserves +€75,586
up €75,586 (+7.0%), from €1.1m to €1.2m
of which Distributable reserves: +€75,586
- Other debts +€41,322
new in 2025: €41,322
- Accrued charges and deferred income -€37,024
no longer reported in 2025 (was €37,024)
- Turnover -€144,448
no longer reported in 2025 (was €144,448)
- Financial charges -€66,849
down €66,849, from €59,107 to -€7,742
of which Non-recurring financial charges: -€52,220
- Gross operating margin -€35,844
down €35,844 (-32.6%), from €109,956 to €74,111
- Purchases and services -€34,492
no longer reported in 2025 (was €34,492)
- Staff costs -€22,594
down €22,594 (-100.0%), from €22,594 to €0
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 | €1,986,041 | €2,075,703 | +€89,662 | +4.5% |
| Fixed assets | 21/28 | €161,847 | €135,939 | -€25,907 | -16.0% |
| Tangible fixed assets | 22/27 | €161,847 | €135,939 | -€25,907 | -16.0% |
| Land and buildings | 22 | €82,583 | €78,953 | -€3,630 | -4.4% |
| Furniture and vehicles | 24 | €79,264 | €56,987 | -€22,277 | -28.1% |
| Current assets | 29/58 | €1,824,195 | €1,939,764 | +€115,569 | +6.3% |
| Amounts receivable within one year | 40/41 | €34,742 | €50,646 | +€15,905 | +45.8% |
| Trade receivables | 40 | €34,742 | €39,291 | +€4,549 | +13.1% |
| Other amounts receivable | 41 | - | €11,355 | +€11,355 | |
| Current investments | 50/53 | €1,726,117 | €1,801,199 | +€75,082 | +4.3% |
| Cash at bank and in hand | 54/58 | €63,336 | €85,173 | +€21,837 | +34.5% |
| Deferred charges and accrued income | 490/1 | - | €2,746 | +€2,746 | |
| Total equity and liabilities | 10/49 | €1,986,041 | €2,075,703 | +€89,662 | +4.5% |
| Equity | 10/15 | €1,907,281 | €1,999,017 | +€91,737 | +4.8% |
| Contributions | 10/11 | €825,380 | €825,380 | = | 0.0% |
| Capital | 10 | €825,380 | €825,380 | = | 0.0% |
| Issued capital | 100 | €825,380 | €825,380 | = | 0.0% |
| Reserves | 13 | €1,079,673 | €1,155,259 | +€75,586 | +7.0% |
| Non-distributable reserves | 130/1 | €98,000 | €98,000 | = | 0.0% |
| Legal reserve | 130 | €98,000 | €98,000 | = | 0.0% |
| Distributable reserves | 133 | €981,673 | €1,057,259 | +€75,586 | +7.7% |
| Profit (loss) carried forward | 14 | €2,228 | €18,378 | +€16,150 | +724.9% |
| Amounts payable | 17/49 | €78,761 | €76,686 | -€2,075 | -2.6% |
| Amounts payable after more than one year | 17 | €21,186 | €3,719 | -€17,467 | -82.4% |
| Financial debts | 170/4 | €21,186 | €3,719 | -€17,467 | -82.4% |
| Amounts payable within one year | 42/48 | €20,551 | €72,967 | +€52,416 | +255.1% |
| Current portion of amounts payable after more than one year | 42 | - | €8,812 | +€8,812 | |
| Financial debts | 43 | - | €171 | +€171 | |
| Credit institutions | 430/8 | - | €171 | +€171 | |
| Trade debts | 44 | €3,596 | €4,696 | +€1,100 | +30.6% |
| Suppliers | 440/4 | €3,596 | €4,696 | +€1,100 | +30.6% |
| Taxes, remuneration and social security | 45 | €16,955 | €17,966 | +€1,011 | +6.0% |
| Taxes | 450/3 | €16,955 | €17,966 | +€1,011 | +6.0% |
| Other amounts payable | 47/48 | - | €41,322 | +€41,322 | |
| Accrued charges and deferred income | 492/3 | €37,024 | - | -€37,024 | |
| Turnover | 70 | €144,448 | - | -€144,448 | |
| Goods, raw materials, services and sundry goods | 60/61 | €34,492 | - | -€34,492 | |
| Remuneration, social security and pensions | 62 | €22,594 | €0 | -€22,594 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €27,452 | €25,907 | -€1,544 | -5.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€7,424 | €0 | +€7,424 | |
| Other operating charges | 640/8 | €15,739 | €4,447 | -€11,292 | -71.7% |
| Gross operating margin | 9900 | €109,956 | €74,111 | -€35,844 | -32.6% |
| Operating profit (loss) | 9901 | €51,595 | €43,757 | -€7,838 | -15.2% |
| Financial income | 75/76B | €122,707 | €121,528 | -€1,179 | -1.0% |
| Recurring financial income | 75 | €37,282 | €121,528 | +€84,246 | +226.0% |
| Non-recurring financial income | 76B | €85,425 | - | -€85,425 | |
| Financial charges | 65/66B | €59,107 | -€7,742 | -€66,849 | |
| Recurring financial charges | 65 | €6,887 | -€7,742 | -€14,629 | |
| Non-recurring financial charges | 66B | €52,220 | - | -€52,220 | |
| Profit (loss) for the period before taxes | 9903 | €115,195 | €173,027 | +€57,832 | +50.2% |
| Income taxes | 67/77 | €45,391 | €46,876 | +€1,486 | +3.3% |
| Profit (loss) for the period | 9904 | €69,804 | €126,150 | +€56,346 | +80.7% |
| Profit (loss) for the period to be appropriated | 9905 | €69,804 | €126,150 | +€56,346 | +80.7% |
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 10 October 2026 via checked.be.