MICHEL OUTTIER: what changed
MICHEL OUTTIER
Largest movements
- Cash -€1,732
down €1,732 (-99.7%), from €1,738 to €6
mainly Net result for the year (-€975) and Other debts (-€964)
- Profit (loss) carried forward -€975
down €975 (-7.9%), from -€12,312 to -€13,287
- Other debts -€964
down €964 (-23.8%), from €4,050 to €3,087
- Trade debts +€185
up €185 (+9.5%), from €1,956 to €2,141
- Gross operating margin -€5,255
down €5,255 (-91.7%), from €5,729 to €474
- Financial charges -€136
down €136 (-52.8%), from €258 to €122
- Other operating charges +€73
up €73 (+6.2%), from €1,186 to €1,259
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 | €16,995 | €15,337 | -€1,658 | -9.8% |
| Current assets | 29/58 | €16,995 | €15,337 | -€1,658 | -9.8% |
| Amounts receivable within one year | 40/41 | €15,257 | €15,271 | +€13 | +0.1% |
| Trade receivables | 40 | €15,166 | €15,271 | +€104 | +0.7% |
| Other amounts receivable | 41 | €91 | - | -€91 | |
| Cash at bank and in hand | 54/58 | €1,738 | €6 | -€1,732 | -99.7% |
| Deferred charges and accrued income | 490/1 | - | €61 | +€61 | |
| Total equity and liabilities | 10/49 | €16,995 | €15,337 | -€1,658 | -9.8% |
| Equity | 10/15 | €10,921 | €9,946 | -€975 | -8.9% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €3,233 | €3,233 | = | 0.0% |
| Distributable reserves | 133 | €3,233 | €3,233 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€12,312 | -€13,287 | -€975 | -7.9% |
| Amounts payable | 17/49 | €6,074 | €5,392 | -€682 | -11.2% |
| Amounts payable within one year | 42/48 | €6,074 | €5,392 | -€682 | -11.2% |
| Trade debts | 44 | €1,956 | €2,141 | +€185 | +9.5% |
| Suppliers | 440/4 | €1,956 | €2,141 | +€185 | +9.5% |
| Taxes, remuneration and social security | 45 | €68 | €164 | +€96 | +141% |
| Taxes | 450/3 | €68 | €164 | +€96 | +141% |
| Other amounts payable | 47/48 | €4,050 | €3,087 | -€964 | -23.8% |
| Other operating charges | 640/8 | €1,186 | €1,259 | +€73 | +6.2% |
| Gross operating margin | 9900 | €5,729 | €474 | -€5,255 | -91.7% |
| Operating profit (loss) | 9901 | €4,543 | -€786 | -€5,329 | |
| Financial income | 75/76B | €10 | €2 | -€7 | -77.0% |
| Recurring financial income | 75 | €10 | €2 | -€7 | -77.0% |
| Financial charges | 65/66B | €258 | €122 | -€136 | -52.8% |
| Recurring financial charges | 65 | €258 | €122 | -€136 | -52.8% |
| Profit (loss) for the period before taxes | 9903 | €4,294 | -€906 | -€5,199 | |
| Income taxes | 67/77 | €68 | €70 | +€2 | +2.5% |
| Profit (loss) for the period | 9904 | €4,226 | -€975 | -€5,201 | |
| Profit (loss) for the period to be appropriated | 9905 | €4,226 | -€975 | -€5,201 |
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 8 November 2026 via checked.be.