Michelle Roussard: 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 Roussard
Largest movements
- Current investments +€9,262
new in 2025: €9,262
- Tangible fixed assets -€2,306
down €2,306 (-75.1%), from €3,072 to €766
- Cash +€1,928
up €1,928 (+5.3%), from €36,192 to €38,120
mainly Net result for the year (+€26,448) and Depreciation (+€2,306)
- Profit (loss) carried forward +€26,448
up €26,448 (+98.2%), from €26,920 to €53,367
- Other debts -€17,209
down €17,209 (-99.7%), from €17,253 to €44
No income-statement line moved by more than 1% of the activity.
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 | €47,876 | €57,111 | +€9,235 | +19.3% |
| Fixed assets | 21/28 | €3,072 | €766 | -€2,306 | -75.1% |
| Tangible fixed assets | 22/27 | €3,072 | €766 | -€2,306 | -75.1% |
| Furniture and vehicles | 24 | €3,072 | €766 | -€2,306 | -75.1% |
| Current assets | 29/58 | €44,805 | €56,345 | +€11,541 | +25.8% |
| Amounts receivable within one year | 40/41 | €7,838 | €8,241 | +€403 | +5.1% |
| Trade receivables | 40 | €7,838 | €8,241 | +€403 | +5.1% |
| Current investments | 50/53 | - | €9,262 | +€9,262 | |
| Cash at bank and in hand | 54/58 | €36,192 | €38,120 | +€1,928 | +5.3% |
| Deferred charges and accrued income | 490/1 | €774 | €722 | -€52 | -6.7% |
| Total equity and liabilities | 10/49 | €47,876 | €57,111 | +€9,235 | +19.3% |
| Equity | 10/15 | €29,320 | €55,767 | +€26,448 | +90.2% |
| Contributions | 10/11 | €2,400 | €2,400 | = | 0.0% |
| Profit (loss) carried forward | 14 | €26,920 | €53,367 | +€26,448 | +98.2% |
| Amounts payable | 17/49 | €18,557 | €1,344 | -€17,213 | -92.8% |
| Amounts payable within one year | 42/48 | €18,557 | €1,344 | -€17,213 | -92.8% |
| Trade debts | 44 | €222 | €130 | -€92 | -41.5% |
| Suppliers | 440/4 | €222 | €130 | -€92 | -41.5% |
| Taxes, remuneration and social security | 45 | €1,081 | €1,170 | +€89 | +8.2% |
| Taxes | 450/3 | €1,081 | €1,170 | +€89 | +8.2% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €17,253 | €44 | -€17,209 | -99.7% |
| Turnover | 70 | €0 | - | = | |
| Goods, raw materials, services and sundry goods | 60/61 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,929 | €2,306 | +€377 | +19.5% |
| Other operating charges | 640/8 | €644 | €550 | -€95 | -14.7% |
| Gross operating margin | 9900 | €39,190 | €39,198 | +€8 | 0.0% |
| Operating profit (loss) | 9901 | €36,617 | €36,343 | -€274 | -0.7% |
| Financial income | 75/76B | - | €1 | +€1 | |
| Recurring financial income | 75 | - | €1 | +€1 | |
| Financial charges | 65/66B | €66 | €71 | +€5 | +7.2% |
| Recurring financial charges | 65 | €66 | €71 | +€5 | +7.2% |
| Profit (loss) for the period before taxes | 9903 | €36,551 | €36,273 | -€278 | -0.8% |
| Income taxes | 67/77 | €9,631 | €9,825 | +€194 | +2.0% |
| Profit (loss) for the period | 9904 | €26,920 | €26,448 | -€472 | -1.8% |
| Profit (loss) for the period to be appropriated | 9905 | €26,920 | €26,448 | -€472 | -1.8% |
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 28 October 2026 via checked.be.