MICHAEL PREVINAIRE: what changed
MICHAEL PREVINAIRE
Largest movements
- Cash +€12,947
up €12,947 (+426%), from €3,039 to €15,986
mainly Trade debts (+€14,625) and Depreciation (+€11,350)
- Tangible fixed assets -€11,350
down €11,350 (-40.6%), from €27,938 to €16,588
of which Furniture and vehicles: -€5,939
- Receivables within one year -€8,749
down €8,749 (-24.6%), from €35,514 to €26,765
of which Trade receivables: -€9,291
- Trade debts +€14,625
up €14,625 (+235%), from €6,229 to €20,854
- Profit (loss) carried forward -€8,928
down €8,928 (-57.1%), from €15,647 to €6,719
- Short-term financial debts -€6,857
no longer reported in 2025 (was €6,857)
- Tax, wage and social debts -€5,715
down €5,715 (-40.7%), from €14,040 to €8,325
- Debts after one year -€5,119
down €5,119 (-100%), from €5,119 to €0
- Gross operating margin +€8,772
up €8,772, from -€2,927 to €5,845
- Financial charges +€1,393
up €1,393 (+121%), from €1,147 to €2,540
- Other operating charges +€301
up €301 (+51.7%), from €582 to €883
- Taxes -€165
no longer reported in 2025 (was €165)
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 | €66,883 | €59,339 | -€7,544 | -11.3% |
| Fixed assets | 21/28 | €27,938 | €16,588 | -€11,350 | -40.6% |
| Tangible fixed assets | 22/27 | €27,938 | €16,588 | -€11,350 | -40.6% |
| Plant, machinery and equipment | 23 | €16,796 | €11,385 | -€5,411 | -32.2% |
| Furniture and vehicles | 24 | €11,142 | €5,203 | -€5,939 | -53.3% |
| Current assets | 29/58 | €38,945 | €42,751 | +€3,806 | +9.8% |
| Amounts receivable within one year | 40/41 | €35,514 | €26,765 | -€8,749 | -24.6% |
| Trade receivables | 40 | €33,743 | €24,452 | -€9,291 | -27.5% |
| Other amounts receivable | 41 | €1,771 | €2,313 | +€542 | +30.6% |
| Cash at bank and in hand | 54/58 | €3,039 | €15,986 | +€12,947 | +426% |
| Deferred charges and accrued income | 490/1 | €392 | - | -€392 | |
| Total equity and liabilities | 10/49 | €66,883 | €59,339 | -€7,544 | -11.3% |
| Equity | 10/15 | €23,707 | €14,779 | -€8,928 | -37.7% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 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% |
| Profit (loss) carried forward | 14 | €15,647 | €6,719 | -€8,928 | -57.1% |
| Amounts payable | 17/49 | €43,176 | €44,560 | +€1,384 | +3.2% |
| Amounts payable after more than one year | 17 | €5,119 | €0 | -€5,119 | -100% |
| Financial debts | 170/4 | €5,119 | €0 | -€5,119 | -100% |
| Amounts payable within one year | 42/48 | €38,057 | €44,560 | +€6,503 | +17.1% |
| Current portion of amounts payable after more than one year | 42 | €5,536 | €5,119 | -€417 | -7.5% |
| Financial debts | 43 | €6,857 | - | -€6,857 | |
| Other loans | 439 | €6,857 | - | -€6,857 | |
| Trade debts | 44 | €6,229 | €20,854 | +€14,625 | +235% |
| Suppliers | 440/4 | €6,229 | €20,854 | +€14,625 | +235% |
| Taxes, remuneration and social security | 45 | €14,040 | €8,325 | -€5,715 | -40.7% |
| Taxes | 450/3 | €14,040 | €8,325 | -€5,715 | -40.7% |
| Other amounts payable | 47/48 | €5,395 | €10,262 | +€4,867 | +90.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,328 | €11,350 | +€22 | +0.2% |
| Other operating charges | 640/8 | €582 | €883 | +€301 | +51.7% |
| Gross operating margin | 9900 | -€2,927 | €5,845 | +€8,772 | |
| Operating profit (loss) | 9901 | -€14,837 | -€6,388 | +€8,449 | +56.9% |
| Financial charges | 65/66B | €1,147 | €2,540 | +€1,393 | +121% |
| Recurring financial charges | 65 | €1,147 | €2,540 | +€1,393 | +121% |
| Profit (loss) for the period before taxes | 9903 | -€15,984 | -€8,928 | +€7,056 | +44.1% |
| Income taxes | 67/77 | €165 | - | -€165 | |
| Profit (loss) for the period | 9904 | -€16,149 | -€8,928 | +€7,221 | +44.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€16,149 | -€8,928 | +€7,221 | +44.7% |
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 7 November 2026 via checked.be.