MichelConsult: what changed
Two fiscal 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.
MichelConsult
Largest movements
- Cash +€13,012
up €13,012 (+11.3%), from €115,398 to €128,411
mainly Net result for the year (+€11,895) and Depreciation (+€4,176)
- Receivables within one year -€3,768
down €3,768 (-50.9%), from €7,396 to €3,628
of which Trade receivables: -€3,910
- Reserves +€11,895
up €11,895 (+31.5%), from €37,814 to €49,709
of which Distributable reserves: +€11,895
- Other debts -€3,158
down €3,158 (-62.2%), from €5,074 to €1,916
- Gross operating margin +€9,815
up €9,815 (+66.7%), from €14,708 to €24,523
- Taxes +€3,438
up €3,438 (+83.4%), from €4,123 to €7,561
- Financial income +€416
up €416 (+1532.9%), from €27 to €444
- Depreciation +€370
up €370 (+9.7%), from €3,806 to €4,176
- Other operating charges +€259
up €259 (+34.9%), from €741 to €1,000
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.
Cash bridge derived
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 | €142,887 | €151,637 | +€8,749 | +6.1% |
| Fixed assets | 21/28 | €18,832 | €18,622 | -€210 | -1.1% |
| Tangible fixed assets | 22/27 | €18,832 | €18,622 | -€210 | -1.1% |
| Furniture and vehicles | 24 | €6,896 | €9,119 | +€2,223 | +32.2% |
| Other tangible fixed assets | 26 | €11,935 | €9,503 | -€2,432 | -20.4% |
| Current assets | 29/58 | €124,056 | €133,015 | +€8,959 | +7.2% |
| Amounts receivable within one year | 40/41 | €7,396 | €3,628 | -€3,768 | -50.9% |
| Trade receivables | 40 | €4,358 | €448 | -€3,910 | -89.7% |
| Other amounts receivable | 41 | €3,038 | €3,181 | +€142 | +4.7% |
| Cash at bank and in hand | 54/58 | €115,398 | €128,411 | +€13,012 | +11.3% |
| Deferred charges and accrued income | 490/1 | €1,261 | €976 | -€285 | -22.6% |
| Total equity and liabilities | 10/49 | €142,887 | €151,637 | +€8,749 | +6.1% |
| Equity | 10/15 | €137,814 | €149,709 | +€11,895 | +8.6% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Reserves | 13 | €37,814 | €49,709 | +€11,895 | +31.5% |
| Non-distributable reserves | 130/1 | €10,000 | €10,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €10,000 | €10,000 | = | 0.0% |
| Distributable reserves | 133 | €27,814 | €39,709 | +€11,895 | +42.8% |
| Amounts payable | 17/49 | €5,074 | €1,928 | -€3,145 | -62.0% |
| Amounts payable within one year | 42/48 | €5,074 | €1,928 | -€3,145 | -62.0% |
| Trade debts | 44 | - | €13 | +€13 | |
| Suppliers | 440/4 | - | €13 | +€13 | |
| Other amounts payable | 47/48 | €5,074 | €1,916 | -€3,158 | -62.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,806 | €4,176 | +€370 | +9.7% |
| Other operating charges | 640/8 | €741 | €1,000 | +€259 | +34.9% |
| Gross operating margin | 9900 | €14,708 | €24,523 | +€9,815 | +66.7% |
| Operating profit (loss) | 9901 | €10,161 | €19,347 | +€9,186 | +90.4% |
| Financial income | 75/76B | €27 | €444 | +€416 | +1532.9% |
| Recurring financial income | 75 | €27 | €444 | +€416 | +1532.9% |
| Financial charges | 65/66B | €340 | €334 | -€6 | -1.6% |
| Recurring financial charges | 65 | €340 | €334 | -€6 | -1.6% |
| Profit (loss) for the period before taxes | 9903 | €9,848 | €19,456 | +€9,608 | +97.6% |
| Income taxes | 67/77 | €4,123 | €7,561 | +€3,438 | +83.4% |
| Profit (loss) for the period | 9904 | €5,725 | €11,895 | +€6,170 | +107.8% |
| Profit (loss) for the period to be appropriated | 9905 | €5,725 | €11,895 | +€6,170 | +107.8% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.