MICHA VAN DESSEL: 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 VAN DESSEL
Largest movements
- Cash -€146,443
down €146,443 (-70.8%), from €206,799 to €60,356
mainly Contributions, distributions and other (-€176,471) and Investment in fixed assets (net) (-€39,046)
- Tangible fixed assets +€35,987
up €35,987 (+521%), from €6,907 to €42,894
of which Furniture and vehicles: +€36,665
- Receivables within one year +€9,607
up €9,607 (+52.8%), from €18,206 to €27,813
of which Trade receivables: +€5,070
- Profit (loss) carried forward -€99,018
down €99,018 (-47.5%), from €208,389 to €109,371
- Gross operating margin +€4,144
up €4,144 (+4.1%), from €100,113 to €104,257
- Other operating charges +€2,077
up €2,077 (+175%), from €1,188 to €3,265
- Depreciation -€1,505
down €1,505 (-33.0%), from €4,565 to €3,060
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 | €233,629 | €133,977 | -€99,652 | -42.7% |
| Fixed assets | 21/28 | €6,907 | €42,894 | +€35,987 | +521% |
| Tangible fixed assets | 22/27 | €6,907 | €42,894 | +€35,987 | +521% |
| Plant, machinery and equipment | 23 | €1,475 | €797 | -€678 | -45.9% |
| Furniture and vehicles | 24 | €5,432 | €42,097 | +€36,665 | +675% |
| Current assets | 29/58 | €226,722 | €91,083 | -€135,639 | -59.8% |
| Amounts receivable within one year | 40/41 | €18,206 | €27,813 | +€9,607 | +52.8% |
| Trade receivables | 40 | €6,113 | €11,183 | +€5,070 | +82.9% |
| Other amounts receivable | 41 | €12,094 | €16,630 | +€4,536 | +37.5% |
| Cash at bank and in hand | 54/58 | €206,799 | €60,356 | -€146,443 | -70.8% |
| Deferred charges and accrued income | 490/1 | €1,717 | €2,915 | +€1,198 | +69.8% |
| Total equity and liabilities | 10/49 | €233,629 | €133,977 | -€99,652 | -42.7% |
| Equity | 10/15 | €211,389 | €112,371 | -€99,018 | -46.8% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €208,389 | €109,371 | -€99,018 | -47.5% |
| Amounts payable | 17/49 | €22,239 | €21,606 | -€634 | -2.8% |
| Amounts payable within one year | 42/48 | €22,239 | €21,111 | -€1,129 | -5.1% |
| Trade debts | 44 | €15,323 | €13,486 | -€1,838 | -12.0% |
| Suppliers | 440/4 | €15,323 | €13,486 | -€1,838 | -12.0% |
| Taxes, remuneration and social security | 45 | €2,455 | €3,535 | +€1,080 | +44.0% |
| Taxes | 450/3 | €2,455 | €3,535 | +€1,080 | +44.0% |
| Other amounts payable | 47/48 | €4,461 | €4,090 | -€371 | -8.3% |
| Accrued charges and deferred income | 492/3 | - | €495 | +€495 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,565 | €3,060 | -€1,505 | -33.0% |
| Other operating charges | 640/8 | €1,188 | €3,265 | +€2,077 | +175% |
| Gross operating margin | 9900 | €100,113 | €104,257 | +€4,144 | +4.1% |
| Operating profit (loss) | 9901 | €94,360 | €97,932 | +€3,572 | +3.8% |
| Financial income | 75/76B | €488 | €426 | -€62 | -12.7% |
| Recurring financial income | 75 | €488 | €426 | -€62 | -12.7% |
| Financial charges | 65/66B | €1,175 | €2,090 | +€914 | +77.8% |
| Recurring financial charges | 65 | €1,175 | €2,090 | +€914 | +77.8% |
| Profit (loss) for the period before taxes | 9903 | €93,673 | €96,269 | +€2,596 | +2.8% |
| Income taxes | 67/77 | €19,187 | €18,816 | -€371 | -1.9% |
| Profit (loss) for the period | 9904 | €74,486 | €77,453 | +€2,967 | +4.0% |
| Profit (loss) for the period to be appropriated | 9905 | €74,486 | €77,453 | +€2,967 | +4.0% |
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 24 October 2026 via checked.be.