MichaniX: 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.
MichaniX
Largest movements
- Cash -€28,846
down €28,846 (-93.7%), from €30,792 to €1,947
mainly Debts after one year (-€34,000) and Receivables within one year (-€20,157)
- Receivables within one year +€20,157
up €20,157 (+577%), from €3,494 to €23,650
of which Trade receivables: +€20,268
- Current investments +€12,200
up €12,200 (+43.6%), from €28,000 to €40,200
- Tangible fixed assets -€3,484
down €3,484 (-1.9%), from €185,274 to €181,790
of which Furniture and vehicles: -€2,194
- Reserves +€36,408
up €36,408 (+38.3%), from €95,000 to €131,408
- Debts after one year -€34,000
down €34,000 (-29.3%), from €115,850 to €81,850
of which Financial debts: -€34,000
- Tax, wage and social debts -€4,946
down €4,946 (-18.4%), from €26,869 to €21,923
of which Taxes: -€14,214
- Gross operating margin -€10,945
down €10,945 (-13.3%), from €82,083 to €71,138
- Financial charges +€5,237
up €5,237 (+158%), from €3,307 to €8,544
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.
Derived cash bridge
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €247,559 | €247,587 | +€28 | 0.0% |
| Fixed assets | 21/28 | €185,274 | €181,790 | -€3,484 | -1.9% |
| Tangible fixed assets | 22/27 | €185,274 | €181,790 | -€3,484 | -1.9% |
| Land and buildings | 22 | €160,177 | €158,887 | -€1,289 | -0.8% |
| Furniture and vehicles | 24 | €25,097 | €22,902 | -€2,194 | -8.7% |
| Current assets | 29/58 | €62,286 | €65,797 | +€3,511 | +5.6% |
| Amounts receivable within one year | 40/41 | €3,494 | €23,650 | +€20,157 | +577% |
| Trade receivables | 40 | €0 | €20,268 | +€20,268 | |
| Other amounts receivable | 41 | €3,494 | €3,383 | -€111 | -3.2% |
| Current investments | 50/53 | €28,000 | €40,200 | +€12,200 | +43.6% |
| Cash at bank and in hand | 54/58 | €30,792 | €1,947 | -€28,846 | -93.7% |
| Total equity and liabilities | 10/49 | €247,559 | €247,587 | +€28 | 0.0% |
| Equity | 10/15 | €100,977 | €137,368 | +€36,392 | +36.0% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €95,000 | €131,408 | +€36,408 | +38.3% |
| Distributable reserves | 133 | €95,000 | €131,408 | +€36,408 | +38.3% |
| Profit (loss) carried forward | 14 | €977 | €960 | -€16 | -1.7% |
| Amounts payable | 17/49 | €146,583 | €110,219 | -€36,364 | -24.8% |
| Amounts payable after more than one year | 17 | €115,850 | €81,850 | -€34,000 | -29.3% |
| Financial debts | 170/4 | €81,600 | €47,600 | -€34,000 | -41.7% |
| Other amounts payable | 178/9 | €34,250 | €34,250 | = | 0.0% |
| Amounts payable within one year | 42/48 | €30,733 | €28,075 | -€2,658 | -8.6% |
| Financial debts | 43 | €1,759 | €2,021 | +€262 | +14.9% |
| Credit institutions | 430/8 | €1,759 | €2,021 | +€262 | +14.9% |
| Trade debts | 44 | €1,194 | €1,323 | +€129 | +10.8% |
| Suppliers | 440/4 | €1,194 | €1,323 | +€129 | +10.8% |
| Taxes, remuneration and social security | 45 | €26,869 | €21,923 | -€4,946 | -18.4% |
| Taxes | 450/3 | €26,869 | €12,655 | -€14,214 | -52.9% |
| Remuneration and social security | 454/9 | €0 | €9,269 | +€9,269 | |
| Other amounts payable | 47/48 | €911 | €2,808 | +€1,897 | +208% |
| Accrued charges and deferred income | 492/3 | - | €294 | +€294 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,975 | €11,335 | +€360 | +3.3% |
| Other operating charges | 640/8 | €1,132 | €694 | -€438 | -38.7% |
| Gross operating margin | 9900 | €82,083 | €71,138 | -€10,945 | -13.3% |
| Operating profit (loss) | 9901 | €69,976 | €59,109 | -€10,867 | -15.5% |
| Financial income | 75/76B | €0 | €15 | +€15 | +30,020% |
| Recurring financial income | 75 | €0 | €15 | +€15 | +30,020% |
| Financial charges | 65/66B | €3,307 | €8,544 | +€5,237 | +158% |
| Recurring financial charges | 65 | €3,307 | €8,544 | +€5,237 | +158% |
| Profit (loss) for the period before taxes | 9903 | €66,669 | €50,580 | -€16,089 | -24.1% |
| Income taxes | 67/77 | €14,075 | €14,172 | +€98 | +0.7% |
| Profit (loss) for the period | 9904 | €52,594 | €36,408 | -€16,187 | -30.8% |
| Profit (loss) for the period to be appropriated | 9905 | €52,594 | €36,408 | -€16,187 | -30.8% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 13 October 2026 via checked.be.