MICHELET: 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.
MICHELET
Largest movements
- Stocks and contracts -€8,500
down €8,500 (-45.9%), from €18,500 to €10,000
- Receivables within one year +€3,273
up €3,273 (+125%), from €2,624 to €5,897
of which Trade receivables: +€2,785
- Cash +€1,255
up €1,255 (+9.4%), from €13,329 to €14,584
mainly Tax, wage and social debts (+€14,505) and Stocks and contracts (+€8,500)
- Advances received -€15,000
no longer reported in 2023 (was €15,000)
- Tax, wage and social debts +€14,505
up €14,505 (+59.4%), from €24,415 to €38,920
- Trade debts -€8,125
down €8,125 (-52.0%), from €15,628 to €7,504
- Profit (loss) carried forward +€6,086
up €6,086 (+12.1%), from -€50,344 to -€44,258
- Other debts -€1,439
down €1,439 (-12.6%), from €11,439 to €10,000
- Gross operating margin +€14,285
up €14,285 (+4,171%), from €342 to €14,627
- Other operating charges +€5,778
up €5,778 (+223%), from €2,591 to €8,369
- Financial charges -€858
down €858 (-82.8%), from €1,037 to €179
From the 2022 result to the 2023 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 2022 and 2023 balance sheets and the 2023 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2022 | 2023 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €34,738 | €30,766 | -€3,972 | -11.4% |
| Fixed assets | 21/28 | €285 | €285 | = | 0.0% |
| Financial fixed assets | 28 | €285 | €285 | = | 0.0% |
| Current assets | 29/58 | €34,453 | €30,481 | -€3,972 | -11.5% |
| Stocks and contracts in progress | 3 | €18,500 | €10,000 | -€8,500 | -45.9% |
| Stocks | 30/36 | €18,500 | €10,000 | -€8,500 | -45.9% |
| Amounts receivable within one year | 40/41 | €2,624 | €5,897 | +€3,273 | +125% |
| Trade receivables | 40 | €2,624 | €5,409 | +€2,785 | +106% |
| Other amounts receivable | 41 | - | €488 | +€488 | |
| Cash at bank and in hand | 54/58 | €13,329 | €14,584 | +€1,255 | +9.4% |
| Total equity and liabilities | 10/49 | €34,738 | €30,766 | -€3,972 | -11.4% |
| Equity | 10/15 | -€31,744 | -€25,658 | +€6,086 | +19.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€50,344 | -€44,258 | +€6,086 | +12.1% |
| Amounts payable | 17/49 | €66,482 | €56,424 | -€10,058 | -15.1% |
| Amounts payable within one year | 42/48 | €66,482 | €56,424 | -€10,058 | -15.1% |
| Trade debts | 44 | €15,628 | €7,504 | -€8,125 | -52.0% |
| Suppliers | 440/4 | €15,628 | €7,504 | -€8,125 | -52.0% |
| Advances received on contracts in progress | 46 | €15,000 | - | -€15,000 | |
| Taxes, remuneration and social security | 45 | €24,415 | €38,920 | +€14,505 | +59.4% |
| Taxes | 450/3 | €24,415 | €38,920 | +€14,505 | +59.4% |
| Other amounts payable | 47/48 | €11,439 | €10,000 | -€1,439 | -12.6% |
| Other operating charges | 640/8 | €2,591 | €8,369 | +€5,778 | +223% |
| Gross operating margin | 9900 | €342 | €14,627 | +€14,285 | +4,171% |
| Operating profit (loss) | 9901 | -€2,248 | €6,259 | +€8,507 | |
| Financial income | 75/76B | €11 | €6 | -€5 | -46.0% |
| Recurring financial income | 75 | €11 | €6 | -€5 | -46.0% |
| Financial charges | 65/66B | €1,037 | €179 | -€858 | -82.8% |
| Recurring financial charges | 65 | €1,037 | €179 | -€858 | -82.8% |
| Profit (loss) for the period before taxes | 9903 | -€3,274 | €6,086 | +€9,360 | |
| Profit (loss) for the period | 9904 | -€3,274 | €6,086 | +€9,360 | |
| Profit (loss) for the period to be appropriated | 9905 | -€3,274 | €6,086 | +€9,360 |
Source: filed annual accounts (NBB), financial years ended 30 June 2022 and 30 June 2023. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 25 October 2026 via checked.be.