Mich & Paton: 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 & Paton
Largest movements
- Stocks and contracts -€7,590
down €7,590 (-28.7%), from €26,467 to €18,877
- Tangible fixed assets -€6,262
down €6,262 (-87.0%), from €7,199 to €937
of which Furniture and vehicles: -€5,427
- Cash -€2,597
down €2,597 (-43.1%), from €6,023 to €3,427
mainly Net result for the year (-€14,105) and Trade debts (-€1,062)
- Receivables within one year +€1,019
up €1,019 (+9.8%), from €10,431 to €11,450
of which Other amounts receivable: +€1,849
- Profit (loss) carried forward -€14,105
down €14,105 (-25.8%), from -€54,638 to -€68,743
- Trade debts -€1,062
down €1,062 (-2.2%), from €48,738 to €47,675
- Staff costs -€17,125
down €17,125 (-40.4%), from €42,415 to €25,290
- Gross operating margin +€16,364
up €16,364 (+141%), from €11,630 to €27,994
- Other operating charges +€7,910
up €7,910 (+697%), from €1,135 to €9,045
- Depreciation -€1,217
down €1,217 (-16.2%), from €7,517 to €6,300
- Taxes -€1,213
no longer reported in 2024 (was €1,213)
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 | €50,158 | €34,691 | -€15,467 | -30.8% |
| Fixed assets | 21/28 | €7,237 | €937 | -€6,300 | -87.0% |
| Intangible fixed assets | 21 | €38 | - | -€38 | |
| Tangible fixed assets | 22/27 | €7,199 | €937 | -€6,262 | -87.0% |
| Plant, machinery and equipment | 23 | €1,293 | €458 | -€835 | -64.6% |
| Furniture and vehicles | 24 | €5,906 | €479 | -€5,427 | -91.9% |
| Current assets | 29/58 | €42,921 | €33,754 | -€9,167 | -21.4% |
| Stocks and contracts in progress | 3 | €26,467 | €18,877 | -€7,590 | -28.7% |
| Stocks | 30/36 | €26,467 | €18,877 | -€7,590 | -28.7% |
| Amounts receivable within one year | 40/41 | €10,431 | €11,450 | +€1,019 | +9.8% |
| Trade receivables | 40 | €2,230 | €1,400 | -€830 | -37.2% |
| Other amounts receivable | 41 | €8,201 | €10,050 | +€1,849 | +22.6% |
| Cash at bank and in hand | 54/58 | €6,023 | €3,427 | -€2,597 | -43.1% |
| Total equity and liabilities | 10/49 | €50,158 | €34,691 | -€15,467 | -30.8% |
| Equity | 10/15 | -€22,174 | -€36,279 | -€14,105 | -63.6% |
| Contributions | 10/11 | €30,000 | €30,000 | = | 0.0% |
| Reserves | 13 | €2,465 | €2,465 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2,465 | €2,465 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,465 | €2,465 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€54,638 | -€68,743 | -€14,105 | -25.8% |
| Amounts payable | 17/49 | €72,332 | €70,970 | -€1,362 | -1.9% |
| Amounts payable within one year | 42/48 | €72,332 | €70,970 | -€1,362 | -1.9% |
| Financial debts | 43 | €4,032 | €4,032 | = | 0.0% |
| Credit institutions | 430/8 | €4,032 | €4,032 | = | 0.0% |
| Trade debts | 44 | €48,738 | €47,675 | -€1,062 | -2.2% |
| Suppliers | 440/4 | €48,738 | €47,675 | -€1,062 | -2.2% |
| Taxes, remuneration and social security | 45 | €19,562 | €19,263 | -€299 | -1.5% |
| Taxes | 450/3 | €7,219 | €10,623 | +€3,403 | +47.1% |
| Remuneration and social security | 454/9 | €12,343 | €8,640 | -€3,703 | -30.0% |
| Remuneration, social security and pensions | 62 | €42,415 | €25,290 | -€17,125 | -40.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,517 | €6,300 | -€1,217 | -16.2% |
| Other operating charges | 640/8 | €1,135 | €9,045 | +€7,910 | +697% |
| Gross operating margin | 9900 | €11,630 | €27,994 | +€16,364 | +141% |
| Operating profit (loss) | 9901 | -€39,437 | -€12,641 | +€26,796 | +67.9% |
| Financial income | 75/76B | €120 | €0 | -€120 | -99.9% |
| Recurring financial income | 75 | €120 | €0 | -€120 | -99.9% |
| Financial charges | 65/66B | €1,817 | €1,464 | -€353 | -19.4% |
| Recurring financial charges | 65 | €1,817 | €1,464 | -€353 | -19.4% |
| Profit (loss) for the period before taxes | 9903 | -€41,134 | -€14,105 | +€27,029 | +65.7% |
| Income taxes | 67/77 | €1,213 | - | -€1,213 | |
| Profit (loss) for the period | 9904 | -€42,348 | -€14,105 | +€28,243 | +66.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€42,348 | -€14,105 | +€28,243 | +66.7% |
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 21 October 2026 via checked.be.