diff --git a/compiler/vm.nim b/compiler/vm.nim
index 4e8a344714..e1e75135a6 100644
--- a/compiler/vm.nim
+++ b/compiler/vm.nim
@@ -1786,25 +1786,27 @@ proc rawExecute(c: PCtx, start: int, tos: PStackFrame): TFullReg =
       regs[ra].intVal = getOrDefault(c.graph.cacheCounters, destKey)
     of opcNccInc:
       let g = c.graph
-      let destKey = regs[ra].node.strVal
-      let by = regs[instr.regB].intVal
+      declBC()
+      let destKey = regs[rb].node.strVal
+      let by = regs[rc].intVal
       let v = getOrDefault(g.cacheCounters, destKey)
       g.cacheCounters[destKey] = v+by
       recordInc(c, c.debug[pc], destKey, by)
     of opcNcsAdd:
       let g = c.graph
-      let destKey = regs[ra].node.strVal
-      let val = regs[instr.regB].node
+      declBC()
+      let destKey = regs[rb].node.strVal
+      let val = regs[rc].node
       if not contains(g.cacheSeqs, destKey):
         g.cacheSeqs[destKey] = newTree(nkStmtList, val)
-        # newNodeI(nkStmtList, c.debug[pc])
       else:
         g.cacheSeqs[destKey].add val
       recordAdd(c, c.debug[pc], destKey, val)
     of opcNcsIncl:
       let g = c.graph
-      let destKey = regs[ra].node.strVal
-      let val = regs[instr.regB].node
+      declBC()
+      let destKey = regs[rb].node.strVal
+      let val = regs[rc].node
       if not contains(g.cacheSeqs, destKey):
         g.cacheSeqs[destKey] = newTree(nkStmtList, val)
       else:
diff --git a/tests/macros/tmacros_various.nim b/tests/macros/tmacros_various.nim
index e403091744..3991a5e30c 100644
--- a/tests/macros/tmacros_various.nim
+++ b/tests/macros/tmacros_various.nim
@@ -9,6 +9,7 @@ Infix
       Ident "b"
       Ident "cint"
   NilLit
+macrocache ok
 '''
 
   output: '''
@@ -25,7 +26,7 @@ x: some string
 """
 
 
-import macros, sugar
+import macros, sugar, macrocache
 
 
 block tdump:
@@ -142,3 +143,54 @@ const cnst1 = bilookups(pairs)
 echo cnst1
 const cnst2 = bilookups2({"key": "val", "keyB": "2"})
 echo cnst2
+
+
+
+# macrocache #11404
+const
+  mcTable = CacheTable"nimTest"
+  mcSeq = CacheSeq"nimTest"
+  mcCounter = CacheCounter"nimTest"
+
+static:
+  doAssert(mcCounter.value == 0) # CacheCounter.value
+  mcCounter.inc                  # CacheCounter.inc
+  doAssert(mcCounter.value == 1) # CacheCounter.value
+
+  let a = newLit(1)
+  let b = newLit(2)
+  let c = newLit(3)
+  let d = newLit(4)
+
+  mcSeq.add a # CacheSeq.add
+  mcSeq.add b # CacheSeq.add
+  mcSeq.add c # CacheSeq.add
+
+  doAssert(mcSeq.len == 3)  # CacheSeq.len
+  #doAssert(c in mcSeq)      # CacheSeq.contains
+  #doAssert(d notin mcSeq)   # CacheSeq.contains
+
+  mcSeq.incl d              # CacheSeq.incl
+  doAssert(mcSeq.len == 4)  # CacheSeq.len
+
+  mcSeq.incl c              # CacheSeq.incl
+  doAssert(mcSeq.len == 4)  # CacheSeq.len
+
+  doAssert(mcSeq[3] == d)   # CacheSeq.[]
+
+  #doAssert(mcSeq.pop() == d)# CacheSeq.pop
+  #doAssert(mcSeq.len == 3)  # CacheSeq.len
+
+  doAssert(mcTable.len == 0)  # CacheTable.len
+  mcTable["a"] = a            # CacheTable.[]=
+  doAssert(mcTable.len == 1)  # CacheTable.len
+
+  doAssert(mcTable["a"] == a) # CacheTable.[]
+  #doAssert("a" in mcTable)    # CacheTable.contains
+  #doAssert(mcTable.hasKey("a"))# CacheTable.hasKey
+
+  for k, v in mcTable:  # CacheTable.items
+    doAssert(k == "a")
+    doAssert(v == a)
+
+  echo "macrocache ok"