IMMO MICHEROUX: what changed
What changed
IMMO MICHEROUX
filed annual accounts (NBB)
Net result for the year
€2,787
2024 · €1,629+€1,159
Equity
€79,977
2024 · €77,190+€2,787
Cash
€11,650
2024 · €6,837+€4,813
Balance sheet total
€81,069
2024 · €78,280+€2,788
Largest movements
Assets
- Cash +€4,813
up €4,813 (+70.4%), from €6,837 to €11,650
mainly Net result for the year (+€2,787) and Depreciation (+€2,549)
- Tangible fixed assets -€2,549
down €2,549 (-5.9%), from €42,997 to €40,448
of which Land and buildings: -€1,897
Equity and liabilities
- Profit (loss) carried forward +€2,787
up €2,787, from -€2,395 to €392
Income statement
- Gross operating margin +€1,476
up €1,476 (+29.1%), from €5,072 to €6,548
- Depreciation +€272
up €272 (+12.0%), from €2,277 to €2,549
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€1,629
Gross operating margin
+€1,476
Depreciation
-€272
Other operating charges
-€36
Financial charges
-€9
Result 2025
€2,787
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€4,813
Investment
€0
Financing
€0
Cash 2024
€6,837
From operations (derived)
+€4,813
Net result for the year
+€2,787
Depreciation
+€2,549
Receivables within one year
-€500
Deferred charges and accrued income
-€24
Accrued charges and deferred income
+€1
Cash 2025
€11,650
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €78,280 | €81,069 | +€2,788 | +3.6% |
| Fixed assets | 21/28 | €42,997 | €40,448 | -€2,549 | -5.9% |
| Tangible fixed assets | 22/27 | €42,997 | €40,448 | -€2,549 | -5.9% |
| Land and buildings | 22 | €41,632 | €39,735 | -€1,897 | -4.6% |
| Plant, machinery and equipment | 23 | €1,158 | €713 | -€445 | -38.5% |
| Other tangible fixed assets | 26 | €206 | €0 | -€206 | -100.0% |
| Current assets | 29/58 | €35,283 | €40,620 | +€5,337 | +15.1% |
| Amounts receivable within one year | 40/41 | €27,939 | €28,439 | +€500 | +1.8% |
| Trade receivables | 40 | €700 | €1,200 | +€500 | +71.4% |
| Other amounts receivable | 41 | €27,239 | €27,239 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €6,837 | €11,650 | +€4,813 | +70.4% |
| Deferred charges and accrued income | 490/1 | €507 | €531 | +€24 | +4.7% |
| Total equity and liabilities | 10/49 | €78,280 | €81,069 | +€2,788 | +3.6% |
| Equity | 10/15 | €77,190 | €79,977 | +€2,787 | +3.6% |
| Contributions | 10/11 | €62,500 | €62,500 | = | 0.0% |
| Capital | 10 | €62,500 | €62,500 | = | 0.0% |
| Issued capital | 100 | €62,500 | €62,500 | = | 0.0% |
| Reserves | 13 | €17,085 | €17,085 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,085 | €1,085 | = | 0.0% |
| Legal reserve | 130 | €1,085 | €1,085 | = | 0.0% |
| Distributable reserves | 133 | €16,000 | €16,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€2,395 | €392 | +€2,787 | |
| Amounts payable | 17/49 | €1,090 | €1,091 | +€1 | +0.1% |
| Amounts payable within one year | 42/48 | €1,024 | €1,024 | = | 0.0% |
| Trade debts | 44 | €24 | €24 | = | 0.0% |
| Suppliers | 440/4 | €24 | €24 | = | 0.0% |
| Other amounts payable | 47/48 | €1,000 | €1,000 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €66 | €67 | +€1 | +2.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,277 | €2,549 | +€272 | +12.0% |
| Other operating charges | 640/8 | €1,141 | €1,176 | +€36 | +3.1% |
| Gross operating margin | 9900 | €5,072 | €6,548 | +€1,476 | +29.1% |
| Operating profit (loss) | 9901 | €1,655 | €2,823 | +€1,168 | +70.6% |
| Financial charges | 65/66B | €27 | €36 | +€9 | +34.4% |
| Recurring financial charges | 65 | €27 | €36 | +€9 | +34.4% |
| Profit (loss) for the period before taxes | 9903 | €1,629 | €2,787 | +€1,159 | +71.1% |
| Profit (loss) for the period | 9904 | €1,629 | €2,787 | +€1,159 | +71.1% |
| Profit (loss) for the period to be appropriated | 9905 | €1,629 | €2,787 | +€1,159 | +71.1% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.