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MichaEls Management BV: what changed

What changed

MichaEls Management BV

BE 0735.372.341
NACE 70.200, Business and other management consultancy
filed annual accounts (NBB)
Financial years compared with
Net result for the year
€230,207
2024 · €207,057+€23,150
Equity
€307,398
2024 · €1.4m-€1.1m
Cash
€210,204
2024 · €468,605-€258,400
Balance sheet total
€580,297
2024 · €1.5m-€957,426

Largest movements

2024 to 2025
Assets
  • Current investments -€685,935

    down €685,935 (-100%), from €685,935 to €0

  • Cash -€258,400

    down €258,400 (-55.1%), from €468,605 to €210,204

    mainly Contributions, distributions and other (-€1.4m) and Receivables after one year (-€16,675)

  • Receivables within one year -€30,694

    down €30,694 (-17.5%), from €175,112 to €144,418

    of which Trade receivables: -€37,779

  • Receivables after one year +€16,675

    up €16,675 (+8.9%), from €187,349 to €204,023

Equity and liabilities
  • Profit (loss) carried forward -€1.1m

    down €1.1m (-78.8%), from €1.4m to €306,898

  • Other debts +€170,622

    up €170,622 (+1,128%), from €15,130 to €185,752

  • Trade debts +€22,823

    up €22,823 (+1,653%), from €1,380 to €24,203

Income statement
  • Financial income +€95,793

    up €95,793 (+649%), from €14,760 to €110,553

  • Financial charges +€34,962

    up €34,962, from -€34,615 to €347

  • Gross operating margin -€28,406

    down €28,406 (-11.3%), from €252,200 to €223,794

  • Staff costs +€15,089

    up €15,089 (+44.6%), from €33,810 to €48,899

  • Taxes -€6,855

    down €6,855 (-13.2%), from €51,966 to €45,111

Change in the result, 2024 to 2025

effect on the result

For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.

Result 2024 €207,057
Gross operating margin -€28,406
Staff costs -€15,089
Depreciation -€807
Other operating charges -€232
Financial income +€95,793
Financial charges -€34,962
Taxes +€6,855
Result 2025 €230,207
raises the resultlowers the result

Derived cash bridge

cash 2024 to 2025

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.

From operations +€429,000
Investment +€684,200
Financing -€1.4m
Cash 2024 €468,605
Net result for the year +€230,207
Depreciation +€7,930
Receivables after one year -€16,675
Receivables within one year +€30,694
Deferred charges and accrued income -€7,124
Trade debts +€22,823
Tax, wage and social debts -€9,477
Other debts +€170,622
Investment in fixed assets (net) -€1,736
Current investments +€685,935
Contributions, distributions and other -€1.4m
Cash 2025 €210,204
brings cash intakes cash out
Every line side by side 40 lines
Line Code 2024 2025 Change %
Total assets 20/58 €1,537,723 €580,297 -€957,426 -62.3%
Fixed assets 21/28 €16,895 €10,700 -€6,194 -36.7%
Tangible fixed assets 22/27 €16,895 €10,700 -€6,194 -36.7%
Plant, machinery and equipment 23 €1,768 €863 -€906 -51.2%
Furniture and vehicles 24 €15,126 €9,838 -€5,289 -35.0%
Current assets 29/58 €1,520,828 €569,597 -€951,231 -62.5%
Amounts receivable after more than one year 29 €187,349 €204,023 +€16,675 +8.9%
Other amounts receivable 291 €187,349 €204,023 +€16,675 +8.9%
Amounts receivable within one year 40/41 €175,112 €144,418 -€30,694 -17.5%
Trade receivables 40 €175,112 €137,334 -€37,779 -21.6%
Other amounts receivable 41 €0 €7,084 +€7,084
Current investments 50/53 €685,935 €0 -€685,935 -100%
Cash at bank and in hand 54/58 €468,605 €210,204 -€258,400 -55.1%
Deferred charges and accrued income 490/1 €3,827 €10,951 +€7,124 +186%
Total equity and liabilities 10/49 €1,537,723 €580,297 -€957,426 -62.3%
Equity 10/15 €1,448,791 €307,398 -€1.1m -78.8%
Contributions 10/11 €500 €500 = 0.0%
Profit (loss) carried forward 14 €1,448,291 €306,898 -€1.1m -78.8%
Amounts payable 17/49 €88,932 €272,899 +€183,968 +207%
Amounts payable within one year 42/48 €88,932 €272,899 +€183,968 +207%
Trade debts 44 €1,380 €24,203 +€22,823 +1,653%
Suppliers 440/4 €1,380 €24,203 +€22,823 +1,653%
Taxes, remuneration and social security 45 €72,422 €62,944 -€9,477 -13.1%
Taxes 450/3 €68,013 €57,522 -€10,492 -15.4%
Remuneration and social security 454/9 €4,408 €5,423 +€1,015 +23.0%
Other amounts payable 47/48 €15,130 €185,752 +€170,622 +1,128%
Accrued charges and deferred income 492/3 €0 - =
Remuneration, social security and pensions 62 €33,810 €48,899 +€15,089 +44.6%
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets 630 €7,123 €7,930 +€807 +11.3%
Other operating charges 640/8 €1,620 €1,853 +€232 +14.3%
Gross operating margin 9900 €252,200 €223,794 -€28,406 -11.3%
Operating profit (loss) 9901 €209,647 €165,112 -€44,535 -21.2%
Financial income 75/76B €14,760 €110,553 +€95,793 +649%
Recurring financial income 75 €14,760 €110,553 +€95,793 +649%
Financial charges 65/66B -€34,615 €347 +€34,962
Recurring financial charges 65 -€34,615 €347 +€34,962
Profit (loss) for the period before taxes 9903 €259,022 €275,318 +€16,296 +6.3%
Income taxes 67/77 €51,966 €45,111 -€6,855 -13.2%
Profit (loss) for the period 9904 €207,057 €230,207 +€23,150 +11.2%
Profit (loss) for the period to be appropriated 9905 €207,057 €230,207 +€23,150 +11.2%
Calculation and sources

Source: filed annual accounts (NBB), financial years ended 29 February 2024 and 28 February 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 4 November 2026 via checked.be.