Michele Marie Management: 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.
Michele Marie Management
Largest movements
- Cash +€48,724
up €48,724 (+67.0%), from €72,683 to €121,407
mainly Other debts (+€121,040) and Net result for the year (+€48,552)
- Receivables within one year +€12,705
up €12,705 (+52.5%), from €24,200 to €36,905
- Other debts +€121,040
up €121,040 (+1,110%), from €10,900 to €131,940
- Reserves -€72,488
down €72,488 (-100%), from €72,488 to €0
- Tax, wage and social debts +€9,753
up €9,753 (+52.5%), from €18,595 to €28,348
of which Taxes: +€7,753
- Trade debts +€1,658
new in 2025: €1,658
- Gross operating margin +€13,881
up €13,881 (+28.4%), from €48,941 to €62,821
- Taxes +€3,094
up €3,094 (+31.9%), from €9,700 to €12,794
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 | €104,483 | €165,146 | +€60,663 | +58.1% |
| Fixed assets | 21/28 | €6,300 | €5,534 | -€766 | -12.2% |
| Tangible fixed assets | 22/27 | €6,300 | €5,534 | -€766 | -12.2% |
| Other tangible fixed assets | 26 | €6,300 | €5,534 | -€766 | -12.2% |
| Current assets | 29/58 | €98,183 | €159,612 | +€61,429 | +62.6% |
| Amounts receivable within one year | 40/41 | €24,200 | €36,905 | +€12,705 | +52.5% |
| Trade receivables | 40 | €24,200 | €36,905 | +€12,705 | +52.5% |
| Cash at bank and in hand | 54/58 | €72,683 | €121,407 | +€48,724 | +67.0% |
| Deferred charges and accrued income | 490/1 | €1,300 | €1,300 | = | 0.0% |
| Total equity and liabilities | 10/49 | €104,483 | €165,146 | +€60,663 | +58.1% |
| Equity | 10/15 | €74,988 | €2,500 | -€72,488 | -96.7% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €72,488 | €0 | -€72,488 | -100% |
| Distributable reserves | 133 | €72,488 | €0 | -€72,488 | -100% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €29,495 | €162,646 | +€133,151 | +451% |
| Amounts payable within one year | 42/48 | €29,495 | €161,946 | +€132,451 | +449% |
| Trade debts | 44 | - | €1,658 | +€1,658 | |
| Suppliers | 440/4 | - | €1,658 | +€1,658 | |
| Taxes, remuneration and social security | 45 | €18,595 | €28,348 | +€9,753 | +52.5% |
| Taxes | 450/3 | €18,595 | €26,348 | +€7,753 | +41.7% |
| Remuneration and social security | 454/9 | €0 | €2,000 | +€2,000 | |
| Other amounts payable | 47/48 | €10,900 | €131,940 | +€121,040 | +1,110% |
| Accrued charges and deferred income | 492/3 | €0 | €700 | +€700 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €766 | €766 | = | 0.0% |
| Other operating charges | 640/8 | €569 | €585 | +€16 | +2.9% |
| Gross operating margin | 9900 | €48,941 | €62,821 | +€13,881 | +28.4% |
| Operating profit (loss) | 9901 | €47,605 | €61,470 | +€13,865 | +29.1% |
| Financial charges | 65/66B | €170 | €125 | -€45 | -26.5% |
| Recurring financial charges | 65 | €170 | €125 | -€45 | -26.5% |
| Profit (loss) for the period before taxes | 9903 | €47,436 | €61,345 | +€13,910 | +29.3% |
| Income taxes | 67/77 | €9,700 | €12,794 | +€3,094 | +31.9% |
| Profit (loss) for the period | 9904 | €37,736 | €48,552 | +€10,816 | +28.7% |
| Profit (loss) for the period to be appropriated | 9905 | €37,736 | €48,552 | +€10,816 | +28.7% |
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 27 October 2026 via checked.be.