Douchy Michelle: 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.
Douchy Michelle
Largest movements
- Tangible fixed assets +€51,226
up €51,226 (+4,041%), from €1,268 to €52,494
- Cash +€28,565
up €28,565 (+65.3%), from €43,738 to €72,303
mainly Net result for the year (+€125,481) and Tax, wage and social debts (+€26,904)
- Receivables within one year -€26,571
down €26,571 (-41.1%), from €64,586 to €38,015
- Deferred charges and accrued income +€1,869
up €1,869 (+87.1%), from €2,145 to €4,014
- Reserves +€40,481
up €40,481, from €0 to €40,481
- Tax, wage and social debts +€26,904
up €26,904, from €0 to €26,904
of which Taxes: +€23,854
- Other debts -€14,301
down €14,301 (-13.6%), from €105,381 to €91,080
- Trade debts +€1,912
up €1,912 (+175%), from €1,094 to €3,006
- Gross operating margin +€41,098
up €41,098 (+32.8%), from €125,184 to €166,282
- Taxes +€9,976
up €9,976 (+39.0%), from €25,549 to €35,524
- Depreciation +€3,043
up €3,043 (+424%), from €718 to €3,761
- Financial income -€2,423
down €2,423 (-100.0%), from €2,423 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.
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 | €111,737 | €166,826 | +€55,089 | +49.3% |
| Fixed assets | 21/28 | €1,268 | €52,494 | +€51,226 | +4,041% |
| Tangible fixed assets | 22/27 | €1,268 | €52,494 | +€51,226 | +4,041% |
| Furniture and vehicles | 24 | €1,268 | €52,494 | +€51,226 | +4,041% |
| Current assets | 29/58 | €110,469 | €114,332 | +€3,863 | +3.5% |
| Amounts receivable within one year | 40/41 | €64,586 | €38,015 | -€26,571 | -41.1% |
| Other amounts receivable | 41 | €64,586 | €38,015 | -€26,571 | -41.1% |
| Current investments | 50/53 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €43,738 | €72,303 | +€28,565 | +65.3% |
| Deferred charges and accrued income | 490/1 | €2,145 | €4,014 | +€1,869 | +87.1% |
| Total equity and liabilities | 10/49 | €111,737 | €166,826 | +€55,089 | +49.3% |
| Equity | 10/15 | €5,000 | €45,481 | +€40,481 | +810% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €0 | €40,481 | +€40,481 | |
| Distributable reserves | 133 | €0 | €40,481 | +€40,481 | |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €106,737 | €121,344 | +€14,608 | +13.7% |
| Amounts payable within one year | 42/48 | €106,475 | €120,990 | +€14,515 | +13.6% |
| Trade debts | 44 | €1,094 | €3,006 | +€1,912 | +175% |
| Suppliers | 440/4 | €1,094 | €3,006 | +€1,912 | +175% |
| Taxes, remuneration and social security | 45 | €0 | €26,904 | +€26,904 | |
| Taxes | 450/3 | €0 | €23,854 | +€23,854 | |
| Remuneration and social security | 454/9 | €0 | €3,050 | +€3,050 | |
| Other amounts payable | 47/48 | €105,381 | €91,080 | -€14,301 | -13.6% |
| Accrued charges and deferred income | 492/3 | €262 | €354 | +€92 | +35.3% |
| Non-recurring operating income | 76A | - | €7,174 | +€7,174 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €718 | €3,761 | +€3,043 | +424% |
| Other operating charges | 640/8 | €859 | €1,009 | +€150 | +17.4% |
| Gross operating margin | 9900 | €125,184 | €166,282 | +€41,098 | +32.8% |
| Operating profit (loss) | 9901 | €123,607 | €161,512 | +€37,905 | +30.7% |
| Financial income | 75/76B | €2,423 | €0 | -€2,423 | -100.0% |
| Recurring financial income | 75 | €2,423 | €0 | -€2,423 | -100.0% |
| Financial charges | 65/66B | €566 | €507 | -€59 | -10.4% |
| Recurring financial charges | 65 | €566 | €507 | -€59 | -10.4% |
| Profit (loss) for the period before taxes | 9903 | €125,464 | €161,006 | +€35,542 | +28.3% |
| Income taxes | 67/77 | €25,549 | €35,524 | +€9,976 | +39.0% |
| Profit (loss) for the period | 9904 | €99,916 | €125,481 | +€25,566 | +25.6% |
| Profit (loss) for the period to be appropriated | 9905 | €99,916 | €125,481 | +€25,566 | +25.6% |
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 24 October 2026 via checked.be.