Michaël Aydin: what changed
Michaël Aydin
Largest movements
- Cash +€19,336
up €19,336 (+59.0%), from €32,771 to €52,107
mainly Net result for the year (+€21,803) and Tax, wage and social debts (+€8,412)
- Current investments +€10,800
new in 2025: €10,800
- Tangible fixed assets +€2,041
up €2,041 (+509%), from €401 to €2,442
- Deferred charges and accrued income -€683
no longer reported in 2025 (was €683)
- Profit (loss) carried forward +€21,804
up €21,804 (+364%), from €5,993 to €27,797
- Tax, wage and social debts +€8,412
up €8,412 (+101%), from €8,301 to €16,713
of which Taxes: +€9,019
- Trade debts +€831
up €831 (+15.3%), from €5,435 to €6,266
- Gross operating margin +€25,113
up €25,113 (+308%), from €8,143 to €33,256
- Taxes +€5,038
up €5,038 (+317%), from €1,588 to €6,626
- Financial charges +€3,056
up €3,056 (+559%), from €547 to €3,603
- Depreciation +€1,266
up €1,266 (+8,440%), from €15 to €1,281
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 | €34,729 | €65,776 | +€31,047 | +89.4% |
| Fixed assets | 21/28 | €401 | €2,442 | +€2,041 | +509% |
| Tangible fixed assets | 22/27 | €401 | €2,442 | +€2,041 | +509% |
| Furniture and vehicles | 24 | €401 | €2,442 | +€2,041 | +509% |
| Current assets | 29/58 | €34,328 | €63,334 | +€29,006 | +84.5% |
| Amounts receivable within one year | 40/41 | €874 | €427 | -€447 | -51.1% |
| Trade receivables | 40 | €706 | €71 | -€635 | -89.9% |
| Other amounts receivable | 41 | €168 | €356 | +€188 | +112% |
| Current investments | 50/53 | - | €10,800 | +€10,800 | |
| Cash at bank and in hand | 54/58 | €32,771 | €52,107 | +€19,336 | +59.0% |
| Deferred charges and accrued income | 490/1 | €683 | - | -€683 | |
| Total equity and liabilities | 10/49 | €34,729 | €65,776 | +€31,047 | +89.4% |
| Equity | 10/15 | €20,993 | €42,797 | +€21,804 | +104% |
| Contributions | 10/11 | €15,000 | €15,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €5,993 | €27,797 | +€21,804 | +364% |
| Amounts payable | 17/49 | €13,736 | €22,979 | +€9,243 | +67.3% |
| Amounts payable within one year | 42/48 | €13,736 | €22,979 | +€9,243 | +67.3% |
| Trade debts | 44 | €5,435 | €6,266 | +€831 | +15.3% |
| Suppliers | 440/4 | €5,435 | €6,266 | +€831 | +15.3% |
| Taxes, remuneration and social security | 45 | €8,301 | €16,713 | +€8,412 | +101% |
| Taxes | 450/3 | €7,658 | €16,677 | +€9,019 | +118% |
| Remuneration and social security | 454/9 | €643 | €36 | -€607 | -94.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15 | €1,281 | +€1,266 | +8,440% |
| Gross operating margin | 9900 | €8,143 | €33,256 | +€25,113 | +308% |
| Operating profit (loss) | 9901 | €8,128 | €31,975 | +€23,847 | +293% |
| Financial income | 75/76B | - | €57 | +€57 | |
| Recurring financial income | 75 | - | €57 | +€57 | |
| Financial charges | 65/66B | €547 | €3,603 | +€3,056 | +559% |
| Recurring financial charges | 65 | €547 | €3,603 | +€3,056 | +559% |
| Profit (loss) for the period before taxes | 9903 | €7,581 | €28,429 | +€20,848 | +275% |
| Income taxes | 67/77 | €1,588 | €6,626 | +€5,038 | +317% |
| Profit (loss) for the period | 9904 | €5,993 | €21,803 | +€15,810 | +264% |
| Profit (loss) for the period to be appropriated | 9905 | €5,993 | €21,803 | +€15,810 | +264% |
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 2 November 2026 via checked.be.