MICHALON - BIGARD: 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.
MICHALON - BIGARD
Largest movements
- Receivables after one year +€11,161
up €11,161 (+15.8%), from €70,713 to €81,874
- Tangible fixed assets -€9,063
down €9,063 (-8.4%), from €108,376 to €99,313
of which Land and buildings: -€9,063
- Cash +€5,328
up €5,328 (+11,999%), from €44 to €5,372
mainly Depreciation (+€9,063) and Net result for the year (+€6,817)
- Profit (loss) carried forward +€6,817
up €6,817 (+4.8%), from €141,204 to €148,021
- Accrued charges and deferred income +€2,961
up €2,961 (+156%), from €1,900 to €4,861
- Gross operating margin -€3,017
down €3,017 (-11.3%), from €26,658 to €23,641
- Other operating charges +€740
up €740 (+16.7%), from €4,428 to €5,167
- Financial income +€542
up €542 (+35.5%), from €1,527 to €2,069
- Financial charges -€394
down €394 (-27.7%), from €1,422 to €1,027
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €189,405 | €197,389 | +€7,983 | +4.2% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €108,376 | €99,313 | -€9,063 | -8.4% |
| Tangible fixed assets | 22/27 | €108,376 | €99,313 | -€9,063 | -8.4% |
| Land and buildings | 22 | €99,201 | €90,138 | -€9,063 | -9.1% |
| Plant, machinery and equipment | 23 | €0 | €0 | = | |
| Furniture and vehicles | 24 | €0 | €0 | = | |
| Other tangible fixed assets | 26 | €9,175 | €9,175 | = | 0.0% |
| Current assets | 29/58 | €81,029 | €98,075 | +€17,046 | +21.0% |
| Amounts receivable after more than one year | 29 | €70,713 | €81,874 | +€11,161 | +15.8% |
| Other amounts receivable | 291 | €70,713 | €81,874 | +€11,161 | +15.8% |
| Amounts receivable within one year | 40/41 | €10,272 | €10,829 | +€558 | +5.4% |
| Other amounts receivable | 41 | €10,272 | €10,829 | +€558 | +5.4% |
| Cash at bank and in hand | 54/58 | €44 | €5,372 | +€5,328 | +11,999% |
| Total equity and liabilities | 10/49 | €189,405 | €197,389 | +€7,983 | +4.2% |
| Equity | 10/15 | €172,645 | €179,462 | +€6,817 | +3.9% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €12,849 | €12,849 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Distributable reserves | 133 | €10,990 | €10,990 | = | 0.0% |
| Profit (loss) carried forward | 14 | €141,204 | €148,021 | +€6,817 | +4.8% |
| Amounts payable | 17/49 | €16,760 | €17,927 | +€1,167 | +7.0% |
| Amounts payable within one year | 42/48 | €14,860 | €13,065 | -€1,795 | -12.1% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Trade debts | 44 | €7,428 | €6,849 | -€579 | -7.8% |
| Suppliers | 440/4 | €7,428 | €6,849 | -€579 | -7.8% |
| Taxes, remuneration and social security | 45 | €7,432 | €6,216 | -€1,216 | -16.4% |
| Taxes | 450/3 | €7,432 | €6,216 | -€1,216 | -16.4% |
| Accrued charges and deferred income | 492/3 | €1,900 | €4,861 | +€2,961 | +156% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,063 | €9,063 | = | 0.0% |
| Other operating charges | 640/8 | €4,428 | €5,167 | +€740 | +16.7% |
| Gross operating margin | 9900 | €26,658 | €23,641 | -€3,017 | -11.3% |
| Operating profit (loss) | 9901 | €13,167 | €9,411 | -€3,757 | -28.5% |
| Financial income | 75/76B | €1,527 | €2,069 | +€542 | +35.5% |
| Recurring financial income | 75 | €1,527 | €2,069 | +€542 | +35.5% |
| Financial charges | 65/66B | €1,422 | €1,027 | -€394 | -27.7% |
| Recurring financial charges | 65 | €1,422 | €1,027 | -€394 | -27.7% |
| Profit (loss) for the period before taxes | 9903 | €13,272 | €10,452 | -€2,821 | -21.3% |
| Income taxes | 67/77 | €3,576 | €3,635 | +€59 | +1.7% |
| Profit (loss) for the period | 9904 | €9,696 | €6,817 | -€2,880 | -29.7% |
| Profit (loss) for the period to be appropriated | 9905 | €9,696 | €6,817 | -€2,880 | -29.7% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 26 October 2026 via checked.be.