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.
Mich
Largest movements
- Cash -€7,003
down €7,003 (-79.4%), from €8,820 to €1,817
mainly Receivables after one year (-€6,691) and Tax, wage and social debts (-€2,461)
- Receivables after one year +€6,691
up €6,691 (+292.2%), from €2,290 to €8,980
- Receivables within one year +€1,691
up €1,691 (+4.3%), from €39,196 to €40,887
of which Trade receivables: +€1,690
- Tax, wage and social debts -€2,461
down €2,461 (-18.1%), from €13,625 to €11,164
- Reserves +€1,600
up €1,600 (+4.8%), from €33,051 to €34,651
- Trade debts +€1,470
up €1,470 (+83.1%), from €1,770 to €3,240
- Gross operating margin -€18,243
down €18,243 (-78.8%), from €23,158 to €4,915
- Taxes -€3,774
down €3,774 (-78.9%), from €4,784 to €1,010
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.
Cash bridge derived
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 | €51,946 | €52,556 | +€610 | +1.2% |
| Fixed assets | 21/28 | €761 | €326 | -€435 | -57.1% |
| Tangible fixed assets | 22/27 | €761 | €326 | -€435 | -57.1% |
| Furniture and vehicles | 24 | €761 | €326 | -€435 | -57.1% |
| Current assets | 29/58 | €51,185 | €52,229 | +€1,044 | +2.0% |
| Amounts receivable after more than one year | 29 | €2,290 | €8,980 | +€6,691 | +292.2% |
| Other amounts receivable | 291 | €2,290 | €8,980 | +€6,691 | +292.2% |
| Amounts receivable within one year | 40/41 | €39,196 | €40,887 | +€1,691 | +4.3% |
| Trade receivables | 40 | €39,196 | €40,886 | +€1,690 | +4.3% |
| Other amounts receivable | 41 | - | €1 | +€1 | |
| Cash at bank and in hand | 54/58 | €8,820 | €1,817 | -€7,003 | -79.4% |
| Deferred charges and accrued income | 490/1 | €880 | €545 | -€335 | -38.1% |
| Total equity and liabilities | 10/49 | €51,946 | €52,556 | +€610 | +1.2% |
| Equity | 10/15 | €34,051 | €35,651 | +€1,600 | +4.7% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €33,051 | €34,651 | +€1,600 | +4.8% |
| Distributable reserves | 133 | €33,051 | €34,651 | +€1,600 | +4.8% |
| Amounts payable | 17/49 | €17,895 | €16,904 | -€990 | -5.5% |
| Amounts payable within one year | 42/48 | €17,895 | €16,904 | -€990 | -5.5% |
| Trade debts | 44 | €1,770 | €3,240 | +€1,470 | +83.1% |
| Suppliers | 440/4 | €1,770 | €3,240 | +€1,470 | +83.1% |
| Taxes, remuneration and social security | 45 | €13,625 | €11,164 | -€2,461 | -18.1% |
| Taxes | 450/3 | €13,625 | €11,164 | -€2,461 | -18.1% |
| Other amounts payable | 47/48 | €2,500 | €2,500 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €435 | €435 | = | 0.0% |
| Other operating charges | 640/8 | €686 | €520 | -€167 | -24.3% |
| Gross operating margin | 9900 | €23,158 | €4,915 | -€18,243 | -78.8% |
| Operating profit (loss) | 9901 | €22,037 | €3,960 | -€18,076 | -82.0% |
| Financial income | 75/76B | €125 | - | -€125 | |
| Recurring financial income | 75 | €125 | - | -€125 | |
| Financial charges | 65/66B | €1,562 | €1,350 | -€213 | -13.6% |
| Recurring financial charges | 65 | €1,562 | €1,350 | -€213 | -13.6% |
| Profit (loss) for the period before taxes | 9903 | €20,599 | €2,610 | -€17,989 | -87.3% |
| Income taxes | 67/77 | €4,784 | €1,010 | -€3,774 | -78.9% |
| Profit (loss) for the period | 9904 | €15,815 | €1,600 | -€14,215 | -89.9% |
| Profit (loss) for the period to be appropriated | 9905 | €15,815 | €1,600 | -€14,215 | -89.9% |
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 9 October 2026 via checked.be.