MICHA CONSULTING: 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.
MICHA CONSULTING
Largest movements
- Receivables after one year -€44,402
down €44,402 (-29.9%), from €148,322 to €103,921
- Cash -€40,432
down €40,432 (-79.9%), from €50,606 to €10,174
mainly Advances received (-€45,048) and Other debts (-€30,000)
- Receivables within one year -€8,708
down €8,708 (-5.2%), from €168,796 to €160,088
of which Other amounts receivable: -€15,513
- Advances received -€45,048
no longer reported in 2025 (was €45,048)
- Other debts -€30,000
no longer reported in 2025 (was €30,000)
- Tax, wage and social debts -€27,453
down €27,453 (-52.5%), from €52,273 to €24,820
- Trade debts +€4,843
up €4,843 (+39.5%), from €12,271 to €17,114
- Profit (loss) carried forward +€4,116
up €4,116 (+1.9%), from €216,071 to €220,187
- Gross operating margin -€72,364
down €72,364 (-92.6%), from €78,159 to €5,795
- Taxes -€24,582
down €24,582 (-95.5%), from €25,732 to €1,150
- Financial income -€5,705
no longer reported in 2025 (was €5,705)
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.
Derived cash bridge
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 | €367,724 | €274,182 | -€93,542 | -25.4% |
| Current assets | 29/58 | €367,724 | €274,182 | -€93,542 | -25.4% |
| Amounts receivable after more than one year | 29 | €148,322 | €103,921 | -€44,402 | -29.9% |
| Trade receivables | 290 | €148,322 | €103,921 | -€44,402 | -29.9% |
| Amounts receivable within one year | 40/41 | €168,796 | €160,088 | -€8,708 | -5.2% |
| Trade receivables | 40 | €55,435 | €62,239 | +€6,805 | +12.3% |
| Other amounts receivable | 41 | €113,362 | €97,849 | -€15,513 | -13.7% |
| Cash at bank and in hand | 54/58 | €50,606 | €10,174 | -€40,432 | -79.9% |
| Total equity and liabilities | 10/49 | €367,724 | €274,182 | -€93,542 | -25.4% |
| Equity | 10/15 | €228,131 | €232,247 | +€4,116 | +1.8% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €5,860 | €5,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €4,000 | €4,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €216,071 | €220,187 | +€4,116 | +1.9% |
| Amounts payable | 17/49 | €139,593 | €41,935 | -€97,658 | -70.0% |
| Amounts payable within one year | 42/48 | €139,593 | €41,935 | -€97,658 | -70.0% |
| Trade debts | 44 | €12,271 | €17,114 | +€4,843 | +39.5% |
| Suppliers | 440/4 | €12,271 | €17,114 | +€4,843 | +39.5% |
| Advances received on contracts in progress | 46 | €45,048 | - | -€45,048 | |
| Taxes, remuneration and social security | 45 | €52,273 | €24,820 | -€27,453 | -52.5% |
| Taxes | 450/3 | €52,273 | €24,820 | -€27,453 | -52.5% |
| Other amounts payable | 47/48 | €30,000 | - | -€30,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €474 | - | -€474 | |
| Other operating charges | 640/8 | €474 | €329 | -€145 | -30.5% |
| Gross operating margin | 9900 | €78,159 | €5,795 | -€72,364 | -92.6% |
| Operating profit (loss) | 9901 | €77,210 | €5,466 | -€71,745 | -92.9% |
| Financial income | 75/76B | €5,705 | - | -€5,705 | |
| Recurring financial income | 75 | €5,705 | - | -€5,705 | |
| Financial charges | 65/66B | €184 | €200 | +€15 | +8.4% |
| Recurring financial charges | 65 | €184 | €200 | +€15 | +8.4% |
| Profit (loss) for the period before taxes | 9903 | €82,731 | €5,266 | -€77,465 | -93.6% |
| Income taxes | 67/77 | €25,732 | €1,150 | -€24,582 | -95.5% |
| Profit (loss) for the period | 9904 | €56,999 | €4,116 | -€52,883 | -92.8% |
| Profit (loss) for the period to be appropriated | 9905 | €56,999 | €4,116 | -€52,883 | -92.8% |
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 21 October 2026 via checked.be.