MENUISERIE THOMAS MICHIELS: what changed
MENUISERIE THOMAS MICHIELS
Largest movements
- Current investments +€22,086
up €22,086 (+158%), from €14,006 to €36,092
- Receivables within one year -€8,556
down €8,556 (-92.5%), from €9,246 to €690
of which Trade receivables: -€9,042
- Cash -€3,330
down €3,330 (-17.5%), from €19,067 to €15,738
mainly Current investments (-€22,086) and Trade debts (-€7,573)
- Tangible fixed assets +€1,604
up €1,604 (+20.4%), from €7,864 to €9,469
of which Plant, machinery and equipment: +€1,804
- Reserves +€18,000
up €18,000 (+100%), from €18,000 to €36,000
- Trade debts -€7,573
down €7,573 (-97.4%), from €7,773 to €200
- Tax, wage and social debts +€1,229
up €1,229 (+30.1%), from €4,086 to €5,315
- Depreciation +€1,532
up €1,532 (+204%), from €751 to €2,283
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €51,620 | €63,526 | +€11,906 | +23.1% |
| Fixed assets | 21/28 | €7,864 | €9,469 | +€1,604 | +20.4% |
| Tangible fixed assets | 22/27 | €7,864 | €9,469 | +€1,604 | +20.4% |
| Plant, machinery and equipment | 23 | €4,392 | €6,196 | +€1,804 | +41.1% |
| Furniture and vehicles | 24 | €3,472 | €3,273 | -€199 | -5.7% |
| Current assets | 29/58 | €43,756 | €54,058 | +€10,301 | +23.5% |
| Amounts receivable within one year | 40/41 | €9,246 | €690 | -€8,556 | -92.5% |
| Trade receivables | 40 | €9,242 | €200 | -€9,042 | -97.8% |
| Other amounts receivable | 41 | €4 | €490 | +€486 | +11,451% |
| Current investments | 50/53 | €14,006 | €36,092 | +€22,086 | +158% |
| Cash at bank and in hand | 54/58 | €19,067 | €15,738 | -€3,330 | -17.5% |
| Deferred charges and accrued income | 490/1 | €1,437 | €1,538 | +€102 | +7.1% |
| Total equity and liabilities | 10/49 | €51,620 | €63,526 | +€11,906 | +23.1% |
| Equity | 10/15 | €29,468 | €47,946 | +€18,479 | +62.7% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €18,000 | €36,000 | +€18,000 | +100% |
| Distributable reserves | 133 | €18,000 | €36,000 | +€18,000 | +100% |
| Profit (loss) carried forward | 14 | €1,468 | €1,946 | +€479 | +32.6% |
| Amounts payable | 17/49 | €22,153 | €15,580 | -€6,573 | -29.7% |
| Amounts payable after more than one year | 17 | €10,293 | €10,064 | -€229 | -2.2% |
| Other amounts payable | 178/9 | €10,293 | €10,064 | -€229 | -2.2% |
| Amounts payable within one year | 42/48 | €11,859 | €5,515 | -€6,344 | -53.5% |
| Trade debts | 44 | €7,773 | €200 | -€7,573 | -97.4% |
| Suppliers | 440/4 | €7,773 | €200 | -€7,573 | -97.4% |
| Taxes, remuneration and social security | 45 | €4,086 | €5,315 | +€1,229 | +30.1% |
| Taxes | 450/3 | €4,086 | €5,315 | +€1,229 | +30.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €751 | €2,283 | +€1,532 | +204% |
| Other operating charges | 640/8 | €1,437 | €1,245 | -€192 | -13.4% |
| Gross operating margin | 9900 | €30,521 | €30,483 | -€38 | -0.1% |
| Operating profit (loss) | 9901 | €28,333 | €26,955 | -€1,379 | -4.9% |
| Financial income | 75/76B | €6 | €86 | +€80 | +1,284% |
| Recurring financial income | 75 | €6 | €86 | +€80 | +1,284% |
| Financial charges | 65/66B | €72 | €47 | -€25 | -35.0% |
| Recurring financial charges | 65 | €72 | €47 | -€25 | -35.0% |
| Profit (loss) for the period before taxes | 9903 | €28,268 | €26,994 | -€1,274 | -4.5% |
| Income taxes | 67/77 | €8,800 | €8,515 | -€285 | -3.2% |
| Profit (loss) for the period | 9904 | €19,468 | €18,479 | -€989 | -5.1% |
| Profit (loss) for the period to be appropriated | 9905 | €19,468 | €18,479 | -€989 | -5.1% |
Next steps
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 4 November 2026 via checked.be.