MICHAEL DE ROOVER: 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.
What changed
MICHAEL DE ROOVER
NACE 70.200, Business and other management consultancy
financial year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€111,016
2024 · €82,719+€28,297
Equity
€1.3m
2024 · €1.2m+€111,016
Cash
€12,056
2024 · €11,373+€684
Balance sheet total
€1.4m
2024 · €1.4m-€11,142
Largest movements
Assets
No asset line moved by more than 1% of the balance sheet total.
Equity and liabilities
- Reserves +€237,843
up €237,843 (+22.6%), from €1.1m to €1.3m
of which Distributable reserves: +€237,843
- Profit (loss) carried forward -€126,827
down €126,827 (-100.0%), from €126,827 to €0
- Other debts -€124,117
down €124,117 (-75.3%), from €164,932 to €40,815
Income statement
- Gross operating margin +€26,303
up €26,303 (+16.0%), from €164,691 to €190,993
- Taxes +€11,220
up €11,220 (+22.2%), from €50,597 to €61,817
- Financial income +€8,261
up €8,261 (+133.7%), from €6,177 to €14,437
- Depreciation -€7,321
down €7,321 (-23.1%), from €31,681 to €24,360
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.
Result 2024
€82,719
Gross operating margin
+€26,303
Depreciation
+€7,321
Other operating charges
-€1,197
Other operating items
-€928
Financial income
+€8,261
Financial charges
-€243
Taxes
-€11,220
Result 2025
€111,016
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.
From operations
+€10,331
Investment
-€10,142
Financing
+€495
Cash 2024
€11,373
From operations (derived)
+€10,331
Net result for the year
+€111,016
Depreciation
+€24,360
Receivables after one year
-€6,235
Receivables within one year
+€4,986
Deferred charges and accrued income
-€1,142
Trade debts
-€3,531
Tax, wage and social debts
+€4,995
Other debts
-€124,117
Investment (derived)
-€10,142
Investment in fixed assets (net)
-€10,142
Financing
+€495
Debts after one year
+€1,595
Short-term financial debts
-€1,100
Cash 2025
€12,056
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,434,439 | €1,423,298 | -€11,142 | -0.8% |
| Fixed assets | 21/28 | €332,364 | €318,147 | -€14,218 | -4.3% |
| Tangible fixed assets | 22/27 | €330,364 | €316,147 | -€14,218 | -4.3% |
| Land and buildings | 22 | €257,820 | €248,910 | -€8,910 | -3.5% |
| Plant, machinery and equipment | 23 | €19,514 | €18,665 | -€849 | -4.4% |
| Furniture and vehicles | 24 | €15,690 | €12,885 | -€2,806 | -17.9% |
| Other tangible fixed assets | 26 | €37,340 | €35,687 | -€1,653 | -4.4% |
| Financial fixed assets | 28 | €2,000 | €2,000 | = | 0.0% |
| Current assets | 29/58 | €1,102,075 | €1,105,151 | +€3,076 | +0.3% |
| Amounts receivable after more than one year | 29 | €239,826 | €246,062 | +€6,235 | +2.6% |
| Other amounts receivable | 291 | €239,826 | €246,062 | +€6,235 | +2.6% |
| Amounts receivable within one year | 40/41 | €5,018 | €33 | -€4,986 | -99.3% |
| Trade receivables | 40 | €750 | €0 | -€750 | -100.0% |
| Other amounts receivable | 41 | €4,268 | €33 | -€4,236 | -99.2% |
| Current investments | 50/53 | €845,425 | €845,425 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €11,373 | €12,056 | +€684 | +6.0% |
| Deferred charges and accrued income | 490/1 | €432 | €1,574 | +€1,142 | +264.4% |
| Total equity and liabilities | 10/49 | €1,434,439 | €1,423,298 | -€11,142 | -0.8% |
| Equity | 10/15 | €1,191,854 | €1,302,870 | +€111,016 | +9.3% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €1,052,627 | €1,290,470 | +€237,843 | +22.6% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,050,767 | €1,288,610 | +€237,843 | +22.6% |
| Profit (loss) carried forward | 14 | €126,827 | €0 | -€126,827 | -100.0% |
| Amounts payable | 17/49 | €242,586 | €120,427 | -€122,158 | -50.4% |
| Amounts payable after more than one year | 17 | €40,782 | €42,377 | +€1,595 | +3.9% |
| Financial debts | 170/4 | €40,782 | €42,377 | +€1,595 | +3.9% |
| Amounts payable within one year | 42/48 | €201,804 | €78,051 | -€123,753 | -61.3% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Financial debts | 43 | €4,137 | €3,037 | -€1,100 | -26.6% |
| Credit institutions | 430/8 | €4,137 | €3,037 | -€1,100 | -26.6% |
| Trade debts | 44 | €5,255 | €1,723 | -€3,531 | -67.2% |
| Suppliers | 440/4 | €5,255 | €1,723 | -€3,531 | -67.2% |
| Taxes, remuneration and social security | 45 | €27,480 | €32,476 | +€4,995 | +18.2% |
| Taxes | 450/3 | €27,480 | €32,476 | +€4,995 | +18.2% |
| Other amounts payable | 47/48 | €164,932 | €40,815 | -€124,117 | -75.3% |
| Non-recurring operating income | 76A | - | €3,306 | +€3,306 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €31,681 | €24,360 | -€7,321 | -23.1% |
| Other operating charges | 640/8 | €4,062 | €5,259 | +€1,197 | +29.5% |
| Non-recurring operating charges | 66A | - | €928 | +€928 | |
| Gross operating margin | 9900 | €164,691 | €190,993 | +€26,303 | +16.0% |
| Operating profit (loss) | 9901 | €128,948 | €160,447 | +€31,499 | +24.4% |
| Financial income | 75/76B | €6,177 | €14,437 | +€8,261 | +133.7% |
| Recurring financial income | 75 | €6,177 | €14,437 | +€8,261 | +133.7% |
| Financial charges | 65/66B | €1,808 | €2,051 | +€243 | +13.4% |
| Recurring financial charges | 65 | €1,808 | €2,051 | +€243 | +13.4% |
| Profit (loss) for the period before taxes | 9903 | €133,316 | €172,834 | +€39,517 | +29.6% |
| Income taxes | 67/77 | €50,597 | €61,817 | +€11,220 | +22.2% |
| Profit (loss) for the period | 9904 | €82,719 | €111,016 | +€28,297 | +34.2% |
| Profit (loss) for the period to be appropriated | 9905 | €82,719 | €111,016 | +€28,297 | +34.2% |
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 11 October 2026 via checked.be.