DRICOT 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.
DRICOT MICHEL
Largest movements
- Stocks and contracts -€3,720
down €3,720 (-42.2%), from €8,805 to €5,085
- Tangible fixed assets -€3,579
down €3,579 (-57.3%), from €6,245 to €2,667
of which Furniture and vehicles: -€3,579
- Receivables within one year -€2,014
down €2,014 (-17.3%), from €11,610 to €9,596
of which Trade receivables: -€2,014
- Other debts +€22,587
up €22,587 (+792%), from €2,853 to €25,440
- Tax, wage and social debts -€18,181
down €18,181 (-95.0%), from €19,147 to €966
- Profit (loss) carried forward -€12,360
down €12,360 (-42.4%), from -€29,124 to -€41,484
- Short-term financial debts -€7,537
down €7,537 (-48.9%), from €15,418 to €7,881
- Advances received +€3,460
up €3,460 (+222%), from €1,561 to €5,021
- Gross operating margin -€8,522
down €8,522, from €3,287 to -€5,235
- Other operating charges -€1,092
down €1,092 (-40.4%), from €2,700 to €1,608
- Financial charges -€466
down €466 (-19.2%), from €2,427 to €1,960
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 | €28,099 | €18,688 | -€9,412 | -33.5% |
| Fixed assets | 21/28 | €6,245 | €2,667 | -€3,579 | -57.3% |
| Intangible fixed assets | 21 | €0 | €0 | = | |
| Tangible fixed assets | 22/27 | €6,245 | €2,667 | -€3,579 | -57.3% |
| Plant, machinery and equipment | 23 | €0 | €0 | = | |
| Furniture and vehicles | 24 | €6,245 | €2,667 | -€3,579 | -57.3% |
| Current assets | 29/58 | €21,854 | €16,021 | -€5,833 | -26.7% |
| Stocks and contracts in progress | 3 | €8,805 | €5,085 | -€3,720 | -42.2% |
| Stocks | 30/36 | €8,805 | €5,085 | -€3,720 | -42.2% |
| Amounts receivable within one year | 40/41 | €11,610 | €9,596 | -€2,014 | -17.3% |
| Trade receivables | 40 | €11,581 | €9,568 | -€2,014 | -17.4% |
| Other amounts receivable | 41 | €28 | €28 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €1,037 | €1,037 | = | 0.0% |
| Deferred charges and accrued income | 490/1 | €403 | €303 | -€100 | -24.8% |
| Total equity and liabilities | 10/49 | €28,099 | €18,688 | -€9,412 | -33.5% |
| Equity | 10/15 | -€20,464 | -€32,824 | -€12,360 | -60.4% |
| Contributions | 10/11 | €6,800 | €6,800 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€29,124 | -€41,484 | -€12,360 | -42.4% |
| Amounts payable | 17/49 | €48,563 | €51,512 | +€2,949 | +6.1% |
| Amounts payable within one year | 42/48 | €44,699 | €47,493 | +€2,794 | +6.3% |
| Financial debts | 43 | €15,418 | €7,881 | -€7,537 | -48.9% |
| Credit institutions | 430/8 | €15,418 | €7,881 | -€7,537 | -48.9% |
| Trade debts | 44 | €5,720 | €8,186 | +€2,466 | +43.1% |
| Suppliers | 440/4 | €5,720 | €8,186 | +€2,466 | +43.1% |
| Advances received on contracts in progress | 46 | €1,561 | €5,021 | +€3,460 | +222% |
| Taxes, remuneration and social security | 45 | €19,147 | €966 | -€18,181 | -95.0% |
| Taxes | 450/3 | €19,147 | €966 | -€18,181 | -95.0% |
| Other amounts payable | 47/48 | €2,853 | €25,440 | +€22,587 | +792% |
| Accrued charges and deferred income | 492/3 | €3,864 | €4,019 | +€154 | +4.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,579 | €3,579 | = | 0.0% |
| Other operating charges | 640/8 | €2,700 | €1,608 | -€1,092 | -40.4% |
| Gross operating margin | 9900 | €3,287 | -€5,235 | -€8,522 | |
| Operating profit (loss) | 9901 | -€2,991 | -€10,421 | -€7,430 | -248% |
| Financial income | 75/76B | - | €21 | +€21 | |
| Recurring financial income | 75 | - | €21 | +€21 | |
| Financial charges | 65/66B | €2,427 | €1,960 | -€466 | -19.2% |
| Recurring financial charges | 65 | €2,427 | €1,960 | -€466 | -19.2% |
| Profit (loss) for the period before taxes | 9903 | -€5,418 | -€12,360 | -€6,943 | -128% |
| Profit (loss) for the period | 9904 | -€5,418 | -€12,360 | -€6,943 | -128% |
| Profit (loss) for the period to be appropriated | 9905 | -€5,418 | -€12,360 | -€6,943 | -128% |
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 31 October 2026 via checked.be.