MICHELS BERT ARCHITECT: 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.
MICHELS BERT ARCHITECT
Largest movements
- Current investments +€6,255
up €6,255 (+17.1%), from €36,603 to €42,858
- Tangible fixed assets -€5,120
down €5,120 (-26.2%), from €19,543 to €14,424
of which Other tangible fixed assets: -€3,588
- Cash +€4,416
up €4,416 (+6.9%), from €64,065 to €68,481
mainly Net result for the year (+€14,132) and Depreciation (+€5,120)
- Receivables within one year +€1,990
up €1,990 (+11.6%), from €17,124 to €19,114
of which Trade receivables: +€1,878
- Reserves +€14,132
up €14,132 (+18.2%), from €77,497 to €91,630
- Other debts -€3,524
down €3,524 (-10.3%), from €34,363 to €30,839
- Tax, wage and social debts -€2,060
down €2,060 (-29.3%), from €7,029 to €4,969
of which Taxes: -€2,060
- Current portion of long-term debt -€1,520
down €1,520 (-100%), from €1,520 to €0
- Depreciation -€3,828
down €3,828 (-42.8%), from €8,948 to €5,120
- Gross operating margin -€2,888
down €2,888 (-8.9%), from €32,349 to €29,462
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 | €138,591 | €145,480 | +€6,889 | +5.0% |
| Fixed assets | 21/28 | €19,543 | €14,424 | -€5,120 | -26.2% |
| Intangible fixed assets | 21 | €0 | - | = | |
| Tangible fixed assets | 22/27 | €19,543 | €14,424 | -€5,120 | -26.2% |
| Furniture and vehicles | 24 | €1,681 | €149 | -€1,532 | -91.2% |
| Other tangible fixed assets | 26 | €17,863 | €14,275 | -€3,588 | -20.1% |
| Current assets | 29/58 | €119,048 | €131,056 | +€12,008 | +10.1% |
| Amounts receivable within one year | 40/41 | €17,124 | €19,114 | +€1,990 | +11.6% |
| Trade receivables | 40 | €16,200 | €18,079 | +€1,878 | +11.6% |
| Other amounts receivable | 41 | €924 | €1,036 | +€112 | +12.1% |
| Current investments | 50/53 | €36,603 | €42,858 | +€6,255 | +17.1% |
| Cash at bank and in hand | 54/58 | €64,065 | €68,481 | +€4,416 | +6.9% |
| Deferred charges and accrued income | 490/1 | €1,256 | €603 | -€653 | -52.0% |
| Total equity and liabilities | 10/49 | €138,591 | €145,480 | +€6,889 | +5.0% |
| Equity | 10/15 | €89,897 | €104,030 | +€14,132 | +15.7% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €77,497 | €91,630 | +€14,132 | +18.2% |
| Distributable reserves | 133 | €77,497 | €91,630 | +€14,132 | +18.2% |
| Amounts payable | 17/49 | €48,694 | €41,450 | -€7,244 | -14.9% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €48,694 | €41,450 | -€7,244 | -14.9% |
| Current portion of amounts payable after more than one year | 42 | €1,520 | €0 | -€1,520 | -100% |
| Trade debts | 44 | €5,783 | €5,642 | -€140 | -2.4% |
| Suppliers | 440/4 | €5,783 | €5,642 | -€140 | -2.4% |
| Taxes, remuneration and social security | 45 | €7,029 | €4,969 | -€2,060 | -29.3% |
| Taxes | 450/3 | €7,029 | €4,969 | -€2,060 | -29.3% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €34,363 | €30,839 | -€3,524 | -10.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,948 | €5,120 | -€3,828 | -42.8% |
| Other operating charges | 640/8 | €1,277 | €1,305 | +€28 | +2.2% |
| Gross operating margin | 9900 | €32,349 | €29,462 | -€2,888 | -8.9% |
| Operating profit (loss) | 9901 | €22,124 | €23,036 | +€912 | +4.1% |
| Financial income | 75/76B | €296 | €505 | +€208 | +70.3% |
| Recurring financial income | 75 | €296 | €505 | +€208 | +70.3% |
| Non-recurring financial income | 76B | €0 | - | = | |
| Financial charges | 65/66B | €2,768 | €2,937 | +€169 | +6.1% |
| Recurring financial charges | 65 | €2,768 | €2,937 | +€169 | +6.1% |
| Profit (loss) for the period before taxes | 9903 | €19,652 | €20,604 | +€952 | +4.8% |
| Income taxes | 67/77 | €6,633 | €6,471 | -€162 | -2.4% |
| Profit (loss) for the period | 9904 | €13,019 | €14,132 | +€1,113 | +8.6% |
| Profit (loss) for the period to be appropriated | 9905 | €13,019 | €14,132 | +€1,113 | +8.6% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 27 October 2026 via checked.be.