MICHEL ROBERT CONSULT: 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.
MICHEL ROBERT CONSULT
Largest movements
- Receivables within one year +€303,462
up €303,462 (+28.9%), from €1.1m to €1.4m
of which Trade receivables: +€298,957
- Reserves +€300,818
up €300,818 (+32.4%), from €927,344 to €1.2m
of which Distributable reserves: +€300,818
- Tax, wage and social debts -€81,346
down €81,346 (-38.0%), from €214,244 to €132,898
- Other debts +€75,196
up €75,196 (+26.9%), from €279,566 to €354,762
- Gross operating margin +€71,853
up €71,853 (+19.0%), from €378,217 to €450,070
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 | €1,935,621 | €2,221,291 | +€285,670 | +14.8% |
| Fixed assets | 21/28 | €9,197 | €5,578 | -€3,619 | -39.3% |
| Tangible fixed assets | 22/27 | €9,197 | €5,578 | -€3,619 | -39.3% |
| Plant, machinery and equipment | 23 | €8,206 | €5,082 | -€3,124 | -38.1% |
| Furniture and vehicles | 24 | €991 | €496 | -€495 | -49.9% |
| Current assets | 29/58 | €1,926,424 | €2,215,713 | +€289,289 | +15.0% |
| Amounts receivable within one year | 40/41 | €1,051,499 | €1,354,961 | +€303,462 | +28.9% |
| Trade receivables | 40 | €1,051,499 | €1,350,456 | +€298,957 | +28.4% |
| Other amounts receivable | 41 | - | €4,505 | +€4,505 | |
| Cash at bank and in hand | 54/58 | €874,925 | €860,752 | -€14,173 | -1.6% |
| Total equity and liabilities | 10/49 | €1,935,621 | €2,221,291 | +€285,670 | +14.8% |
| Equity | 10/15 | €1,432,813 | €1,733,631 | +€300,818 | +21.0% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Capital | 10 | €6,200 | €6,200 | = | 0.0% |
| Issued capital | 100 | €18,600 | €18,600 | = | 0.0% |
| Uncalled capital | 101 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €927,344 | €1,228,162 | +€300,818 | +32.4% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Legal reserve | 130 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €925,484 | €1,226,302 | +€300,818 | +32.5% |
| Profit (loss) carried forward | 14 | €499,269 | €499,269 | = | 0.0% |
| Amounts payable | 17/49 | €502,808 | €487,660 | -€15,148 | -3.0% |
| Amounts payable within one year | 42/48 | €502,808 | €487,660 | -€15,148 | -3.0% |
| Trade debts | 44 | €8,998 | - | -€8,998 | |
| Suppliers | 440/4 | €8,998 | - | -€8,998 | |
| Taxes, remuneration and social security | 45 | €214,244 | €132,898 | -€81,346 | -38.0% |
| Taxes | 450/3 | €214,244 | €132,898 | -€81,346 | -38.0% |
| Other amounts payable | 47/48 | €279,566 | €354,762 | +€75,196 | +26.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,572 | €5,246 | -€326 | -5.9% |
| Other operating charges | 640/8 | €2,565 | €3,711 | +€1,146 | +44.7% |
| Gross operating margin | 9900 | €378,217 | €450,070 | +€71,853 | +19.0% |
| Operating profit (loss) | 9901 | €370,080 | €441,113 | +€71,033 | +19.2% |
| Financial income | 75/76B | €957 | €331 | -€626 | -65.4% |
| Recurring financial income | 75 | €957 | €331 | -€626 | -65.4% |
| Financial charges | 65/66B | €214 | €471 | +€257 | +120% |
| Recurring financial charges | 65 | €151 | €218 | +€67 | +44.4% |
| Non-recurring financial charges | 66B | €63 | €253 | +€190 | +302% |
| Profit (loss) for the period before taxes | 9903 | €370,823 | €440,973 | +€70,150 | +18.9% |
| Income taxes | 67/77 | €136,965 | €140,154 | +€3,189 | +2.3% |
| Profit (loss) for the period | 9904 | €233,858 | €300,819 | +€66,961 | +28.6% |
| Profit (loss) for the period to be appropriated | 9905 | €233,858 | €300,819 | +€66,961 | +28.6% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 23 October 2026 via checked.be.