Michelle Moons: 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.
Michelle Moons
Largest movements
- Receivables within one year -€5,913
down €5,913 (-16.8%), from €35,140 to €29,227
of which Trade receivables: -€11,120
- Tangible fixed assets +€5,491
new in 2025: €5,491
- Reserves +€7,424
up €7,424 (+31.0%), from €23,916 to €31,340
- Short-term financial debts -€6,639
no longer reported in 2025 (was €6,639)
- Tax, wage and social debts -€3,767
down €3,767 (-49.0%), from €7,695 to €3,928
of which Taxes: -€3,276
- Debts after one year +€2,457
new in 2025: €2,457
- Current portion of long-term debt +€1,770
new in 2025: €1,770
- Gross operating margin +€11,691
up €11,691 (+1619.1%), from €722 to €12,413
- Taxes +€1,650
up €1,650 (+169.7%), from €973 to €2,623
- Depreciation +€912
new in 2025: €912
- Financial charges +€500
up €500 (+832.9%), from €60 to €560
- Other operating charges +€192
up €192 (+27.4%), from €702 to €894
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 | €42,279 | €41,542 | -€737 | -1.7% |
| Fixed assets | 21/28 | - | €5,491 | +€5,491 | |
| Tangible fixed assets | 22/27 | - | €5,491 | +€5,491 | |
| Furniture and vehicles | 24 | - | €5,491 | +€5,491 | |
| Current assets | 29/58 | €42,279 | €36,052 | -€6,228 | -14.7% |
| Amounts receivable within one year | 40/41 | €35,140 | €29,227 | -€5,913 | -16.8% |
| Trade receivables | 40 | €21,381 | €10,261 | -€11,120 | -52.0% |
| Other amounts receivable | 41 | €13,760 | €18,966 | +€5,207 | +37.8% |
| Cash at bank and in hand | 54/58 | €6,742 | €6,825 | +€83 | +1.2% |
| Deferred charges and accrued income | 490/1 | €398 | - | -€398 | |
| Total equity and liabilities | 10/49 | €42,279 | €41,542 | -€737 | -1.7% |
| Equity | 10/15 | €25,916 | €33,340 | +€7,424 | +28.6% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €23,916 | €31,340 | +€7,424 | +31.0% |
| Distributable reserves | 133 | €23,916 | €31,340 | +€7,424 | +31.0% |
| Amounts payable | 17/49 | €16,363 | €8,202 | -€8,161 | -49.9% |
| Amounts payable after more than one year | 17 | - | €2,457 | +€2,457 | |
| Financial debts | 170/4 | - | €2,457 | +€2,457 | |
| Amounts payable within one year | 42/48 | €14,974 | €5,745 | -€9,229 | -61.6% |
| Current portion of amounts payable after more than one year | 42 | - | €1,770 | +€1,770 | |
| Financial debts | 43 | €6,639 | - | -€6,639 | |
| Credit institutions | 430/8 | €6,639 | - | -€6,639 | |
| Trade debts | 44 | €640 | €47 | -€593 | -92.7% |
| Suppliers | 440/4 | €640 | €47 | -€593 | -92.7% |
| Taxes, remuneration and social security | 45 | €7,695 | €3,928 | -€3,767 | -49.0% |
| Taxes | 450/3 | €5,095 | €1,819 | -€3,276 | -64.3% |
| Remuneration and social security | 454/9 | €2,600 | €2,110 | -€490 | -18.9% |
| Accrued charges and deferred income | 492/3 | €1,389 | - | -€1,389 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €912 | +€912 | |
| Other operating charges | 640/8 | €702 | €894 | +€192 | +27.4% |
| Gross operating margin | 9900 | €722 | €12,413 | +€11,691 | +1619.1% |
| Operating profit (loss) | 9901 | €21 | €10,607 | +€10,586 | +51616.1% |
| Financial income | 75/76B | €1 | - | -€1 | |
| Recurring financial income | 75 | €1 | - | -€1 | |
| Financial charges | 65/66B | €60 | €560 | +€500 | +832.9% |
| Recurring financial charges | 65 | €60 | €560 | +€500 | +832.9% |
| Profit (loss) for the period before taxes | 9903 | -€39 | €10,047 | +€10,086 | |
| Income taxes | 67/77 | €973 | €2,623 | +€1,650 | +169.7% |
| Profit (loss) for the period | 9904 | -€1,011 | €7,424 | +€8,435 | |
| Profit (loss) for the period to be appropriated | 9905 | -€1,011 | €7,424 | +€8,435 |
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 11 October 2026 via checked.be.