GROUP MICH: 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.
GROUP MICH
Largest movements
- Receivables within one year -€76,817
down €76,817 (-36.4%), from €210,879 to €134,062
of which Trade receivables: -€73,630
- Cash -€10,606
down €10,606 (-83.6%), from €12,690 to €2,084
mainly Trade debts (-€63,152) and Net result for the year (-€21,999)
- Receivables after one year -€5,996
down €5,996 (-7.1%), from €83,941 to €77,945
- Stocks and contracts -€3,800
no longer reported in 2024 (was €3,800)
- Trade debts -€63,152
down €63,152 (-90.8%), from €69,533 to €6,381
- Profit (loss) carried forward -€21,999
down €21,999 (-39.1%), from €56,276 to €34,277
- Other debts -€7,602
down €7,602 (-83.2%), from €9,142 to €1,540
- Gross operating margin -€14,606
down €14,606 (-51.8%), from €28,172 to €13,567
- Staff costs +€6,765
up €6,765 (+27.4%), from €24,690 to €31,456
- Depreciation +€2,500
new in 2024: €2,500
- Other operating charges -€803
down €803 (-41.4%), from €1,940 to €1,137
- Taxes -€488
no longer reported in 2024 (was €488)
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 | €311,311 | €216,592 | -€94,719 | -30.4% |
| Fixed assets | 21/28 | - | €2,500 | +€2,500 | |
| Tangible fixed assets | 22/27 | - | €2,500 | +€2,500 | |
| Furniture and vehicles | 24 | - | €2,500 | +€2,500 | |
| Current assets | 29/58 | €311,311 | €214,092 | -€97,219 | -31.2% |
| Amounts receivable after more than one year | 29 | €83,941 | €77,945 | -€5,996 | -7.1% |
| Other amounts receivable | 291 | €83,941 | €77,945 | -€5,996 | -7.1% |
| Stocks and contracts in progress | 3 | €3,800 | - | -€3,800 | |
| Stocks | 30/36 | €3,800 | - | -€3,800 | |
| Amounts receivable within one year | 40/41 | €210,879 | €134,062 | -€76,817 | -36.4% |
| Trade receivables | 40 | €207,482 | €133,852 | -€73,630 | -35.5% |
| Other amounts receivable | 41 | €3,397 | €210 | -€3,187 | -93.8% |
| Cash at bank and in hand | 54/58 | €12,690 | €2,084 | -€10,606 | -83.6% |
| Total equity and liabilities | 10/49 | €311,311 | €216,592 | -€94,719 | -30.4% |
| Equity | 10/15 | €90,876 | €68,877 | -€21,999 | -24.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €16,000 | €16,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,000 | €1,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,000 | €1,000 | = | 0.0% |
| Distributable reserves | 133 | €15,000 | €15,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €56,276 | €34,277 | -€21,999 | -39.1% |
| Amounts payable | 17/49 | €220,435 | €147,715 | -€72,720 | -33.0% |
| Amounts payable within one year | 42/48 | €220,435 | €147,715 | -€72,720 | -33.0% |
| Financial debts | 43 | - | €20 | +€20 | |
| Credit institutions | 430/8 | - | €20 | +€20 | |
| Trade debts | 44 | €69,533 | €6,381 | -€63,152 | -90.8% |
| Suppliers | 440/4 | €69,533 | €6,381 | -€63,152 | -90.8% |
| Advances received on contracts in progress | 46 | €127,959 | €127,959 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €13,801 | €11,815 | -€1,986 | -14.4% |
| Taxes | 450/3 | €7,882 | €4,828 | -€3,054 | -38.7% |
| Remuneration and social security | 454/9 | €5,919 | €6,986 | +€1,068 | +18.0% |
| Other amounts payable | 47/48 | €9,142 | €1,540 | -€7,602 | -83.2% |
| Remuneration, social security and pensions | 62 | €24,690 | €31,456 | +€6,765 | +27.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €2,500 | +€2,500 | |
| Other operating charges | 640/8 | €1,940 | €1,137 | -€803 | -41.4% |
| Gross operating margin | 9900 | €28,172 | €13,567 | -€14,606 | -51.8% |
| Operating profit (loss) | 9901 | €1,542 | -€21,526 | -€23,068 | |
| Financial income | 75/76B | €106 | - | -€106 | |
| Recurring financial income | 75 | €106 | - | -€106 | |
| Financial charges | 65/66B | €196 | €473 | +€277 | +141% |
| Recurring financial charges | 65 | €196 | €158 | -€38 | -19.4% |
| Non-recurring financial charges | 66B | - | €315 | +€315 | |
| Profit (loss) for the period before taxes | 9903 | €1,451 | -€21,999 | -€23,450 | |
| Income taxes | 67/77 | €488 | - | -€488 | |
| Profit (loss) for the period | 9904 | €963 | -€21,999 | -€22,962 | |
| Profit (loss) for the period to be appropriated | 9905 | €963 | -€21,999 | -€22,962 |
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 18 October 2026 via checked.be.