CROIX MICHEL: 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.
CROIX MICHEL
Largest movements
- Tangible fixed assets -€30,431
down €30,431 (-7.2%), from €425,114 to €394,683
of which Land and buildings: -€29,205
- Cash +€7,204
up €7,204 (+73.7%), from €9,775 to €16,979
mainly Depreciation (+€30,431)
- Profit (loss) carried forward -€17,315
down €17,315 (-4.8%), from €363,694 to €346,379
- Depreciation +€20,190
up €20,190 (+197%), from €10,241 to €30,431
- Gross operating margin -€2,236
down €2,236 (-11.3%), from €19,771 to €17,535
- Taxes -€1,290
no longer reported in 2025 (was €1,290)
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.
Derived cash bridge
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 | €438,353 | €417,691 | -€20,662 | -4.7% |
| Fixed assets | 21/28 | €425,114 | €394,683 | -€30,431 | -7.2% |
| Tangible fixed assets | 22/27 | €425,114 | €394,683 | -€30,431 | -7.2% |
| Land and buildings | 22 | €420,880 | €391,675 | -€29,205 | -6.9% |
| Plant, machinery and equipment | 23 | €4,234 | €3,008 | -€1,226 | -29.0% |
| Current assets | 29/58 | €13,239 | €23,008 | +€9,768 | +73.8% |
| Amounts receivable within one year | 40/41 | - | €2,467 | +€2,467 | |
| Other amounts receivable | 41 | - | €2,467 | +€2,467 | |
| Cash at bank and in hand | 54/58 | €9,775 | €16,979 | +€7,204 | +73.7% |
| Deferred charges and accrued income | 490/1 | €3,464 | €3,562 | +€98 | +2.8% |
| Total equity and liabilities | 10/49 | €438,353 | €417,691 | -€20,662 | -4.7% |
| Equity | 10/15 | €433,715 | €416,400 | -€17,315 | -4.0% |
| Contributions | 10/11 | €49,008 | €49,008 | = | 0.0% |
| Reserves | 13 | €21,014 | €21,014 | = | 0.0% |
| Tax-exempt reserves | 132 | €16,113 | €16,113 | = | 0.0% |
| Distributable reserves | 133 | €4,901 | €4,901 | = | 0.0% |
| Profit (loss) carried forward | 14 | €363,694 | €346,379 | -€17,315 | -4.8% |
| Amounts payable | 17/49 | €4,638 | €1,290 | -€3,348 | -72.2% |
| Amounts payable within one year | 42/48 | €4,638 | €1,290 | -€3,348 | -72.2% |
| Trade debts | 44 | €3,348 | €0 | -€3,348 | -100.0% |
| Suppliers | 440/4 | €3,348 | €0 | -€3,348 | -100.0% |
| Taxes, remuneration and social security | 45 | €1,290 | €1,290 | = | 0.0% |
| Taxes | 450/3 | €1,290 | €1,290 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,241 | €30,431 | +€20,190 | +197% |
| Other operating charges | 640/8 | €4,362 | €4,408 | +€46 | +1.1% |
| Gross operating margin | 9900 | €19,771 | €17,535 | -€2,236 | -11.3% |
| Operating profit (loss) | 9901 | €5,168 | -€17,305 | -€22,473 | |
| Financial income | 75/76B | - | €67 | +€67 | |
| Recurring financial income | 75 | - | €67 | +€67 | |
| Financial charges | 65/66B | €8 | €77 | +€69 | +925% |
| Recurring financial charges | 65 | €8 | €77 | +€69 | +925% |
| Profit (loss) for the period before taxes | 9903 | €5,161 | -€17,315 | -€22,475 | |
| Income taxes | 67/77 | €1,290 | - | -€1,290 | |
| Profit (loss) for the period | 9904 | €3,871 | -€17,315 | -€21,185 | |
| Profit (loss) for the period to be appropriated | 9905 | €3,871 | -€17,315 | -€21,185 |
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 16 October 2026 via checked.be.