MICOVER: 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.
MICOVER
Largest movements
- Receivables within one year +€116,854
up €116,854 (+98.2%), from €118,973 to €235,828
of which Trade receivables: +€138,165
- Cash -€24,283
down €24,283 (-6.7%), from €363,607 to €339,324
mainly Receivables within one year (-€116,854) and Tax, wage and social debts (-€10,417)
- Intangible fixed assets -€14,738
down €14,738 (-23.5%), from €62,584 to €47,847
- Receivables after one year -€10,557
down €10,557 (-7.5%), from €140,135 to €129,578
- Other debts +€47,569
up €47,569 (+294%), from €16,170 to €63,739
- Reserves +€19,934
up €19,934 (+3.9%), from €509,554 to €529,488
- Accrued charges and deferred income +€12,492
up €12,492 (+12.2%), from €102,269 to €114,760
- Tax, wage and social debts -€10,417
down €10,417 (-22.1%), from €47,172 to €36,755
of which Taxes: -€13,446
- Gross operating margin -€91,210
down €91,210 (-73.0%), from €124,942 to €33,732
- Taxes -€22,390
down €22,390 (-68.3%), from €32,763 to €10,373
- Financial income +€6,845
up €6,845 (+120%), from €5,707 to €12,552
- Depreciation -€1,276
down €1,276 (-7.6%), from €16,719 to €15,443
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €691,028 | €757,194 | +€66,166 | +9.6% |
| Fixed assets | 21/28 | €63,290 | €47,847 | -€15,443 | -24.4% |
| Intangible fixed assets | 21 | €62,584 | €47,847 | -€14,738 | -23.5% |
| Tangible fixed assets | 22/27 | €706 | €0 | -€706 | -100% |
| Furniture and vehicles | 24 | €706 | €0 | -€706 | -100% |
| Current assets | 29/58 | €627,738 | €709,348 | +€81,609 | +13.0% |
| Amounts receivable after more than one year | 29 | €140,135 | €129,578 | -€10,557 | -7.5% |
| Other amounts receivable | 291 | €140,135 | €129,578 | -€10,557 | -7.5% |
| Amounts receivable within one year | 40/41 | €118,973 | €235,828 | +€116,854 | +98.2% |
| Trade receivables | 40 | €4,797 | €142,962 | +€138,165 | +2,880% |
| Other amounts receivable | 41 | €114,176 | €92,866 | -€21,310 | -18.7% |
| Cash at bank and in hand | 54/58 | €363,607 | €339,324 | -€24,283 | -6.7% |
| Deferred charges and accrued income | 490/1 | €5,023 | €4,618 | -€405 | -8.1% |
| Total equity and liabilities | 10/49 | €691,028 | €757,194 | +€66,166 | +9.6% |
| Equity | 10/15 | €521,954 | €541,888 | +€19,934 | +3.8% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €509,554 | €529,488 | +€19,934 | +3.9% |
| Distributable reserves | 133 | €509,554 | €529,488 | +€19,934 | +3.9% |
| Amounts payable | 17/49 | €169,074 | €215,306 | +€46,232 | +27.3% |
| Amounts payable within one year | 42/48 | €66,805 | €100,546 | +€33,741 | +50.5% |
| Trade debts | 44 | €3,463 | €52 | -€3,411 | -98.5% |
| Suppliers | 440/4 | €3,463 | €52 | -€3,411 | -98.5% |
| Taxes, remuneration and social security | 45 | €47,172 | €36,755 | -€10,417 | -22.1% |
| Taxes | 450/3 | €47,172 | €33,725 | -€13,446 | -28.5% |
| Remuneration and social security | 454/9 | - | €3,030 | +€3,030 | |
| Other amounts payable | 47/48 | €16,170 | €63,739 | +€47,569 | +294% |
| Accrued charges and deferred income | 492/3 | €102,269 | €114,760 | +€12,492 | +12.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,719 | €15,443 | -€1,276 | -7.6% |
| Other operating charges | 640/8 | €434 | €387 | -€47 | -10.8% |
| Gross operating margin | 9900 | €124,942 | €33,732 | -€91,210 | -73.0% |
| Operating profit (loss) | 9901 | €107,789 | €17,901 | -€89,888 | -83.4% |
| Financial income | 75/76B | €5,707 | €12,552 | +€6,845 | +120% |
| Recurring financial income | 75 | €5,707 | €12,552 | +€6,845 | +120% |
| Financial charges | 65/66B | €127 | €146 | +€19 | +14.6% |
| Recurring financial charges | 65 | €127 | €146 | +€19 | +14.6% |
| Profit (loss) for the period before taxes | 9903 | €113,369 | €30,307 | -€83,062 | -73.3% |
| Income taxes | 67/77 | €32,763 | €10,373 | -€22,390 | -68.3% |
| Profit (loss) for the period | 9904 | €80,606 | €19,934 | -€60,672 | -75.3% |
| Profit (loss) for the period to be appropriated | 9905 | €80,606 | €19,934 | -€60,672 | -75.3% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 October 2026 via checked.be.