Michiels Consult: 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.
Michiels Consult
Largest movements
- Cash +€36,955
up €36,955 (+372%), from €9,933 to €46,888
mainly Net result for the year (+€23,646) and Tax, wage and social debts (+€8,847)
- Receivables within one year -€4,236
down €4,236 (-21.5%), from €19,699 to €15,463
of which Other amounts receivable: -€8,612
- Deferred charges and accrued income +€749
up €749 (+59.0%), from €1,270 to €2,019
- Reserves +€23,646
up €23,646 (+99.6%), from €23,735 to €47,381
- Tax, wage and social debts +€8,847
up €8,847 (+75.9%), from €11,654 to €20,501
- Gross operating margin +€13,630
up €13,630 (+53.5%), from €25,481 to €39,111
- Taxes +€4,099
up €4,099 (+66.4%), from €6,174 to €10,273
- Other operating charges -€784
down €784 (-24.3%), from €3,230 to €2,446
- Financial charges -€458
down €458 (-21.0%), from €2,180 to €1,722
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 | €36,733 | €69,616 | +€32,883 | +89.5% |
| Fixed assets | 21/28 | €5,831 | €5,246 | -€585 | -10.0% |
| Tangible fixed assets | 22/27 | €5,831 | €5,246 | -€585 | -10.0% |
| Plant, machinery and equipment | 23 | €5,562 | €5,059 | -€503 | -9.0% |
| Furniture and vehicles | 24 | €269 | €187 | -€82 | -30.5% |
| Current assets | 29/58 | €30,902 | €64,370 | +€33,468 | +108% |
| Amounts receivable within one year | 40/41 | €19,699 | €15,463 | -€4,236 | -21.5% |
| Trade receivables | 40 | €8,732 | €13,108 | +€4,376 | +50.1% |
| Other amounts receivable | 41 | €10,967 | €2,355 | -€8,612 | -78.5% |
| Cash at bank and in hand | 54/58 | €9,933 | €46,888 | +€36,955 | +372% |
| Deferred charges and accrued income | 490/1 | €1,270 | €2,019 | +€749 | +59.0% |
| Total equity and liabilities | 10/49 | €36,733 | €69,616 | +€32,883 | +89.5% |
| Equity | 10/15 | €24,985 | €48,631 | +€23,646 | +94.6% |
| Contributions | 10/11 | €1,250 | €1,250 | = | 0.0% |
| Reserves | 13 | €23,735 | €47,381 | +€23,646 | +99.6% |
| Distributable reserves | 133 | €23,735 | €47,381 | +€23,646 | +99.6% |
| Amounts payable | 17/49 | €11,748 | €20,985 | +€9,237 | +78.6% |
| Amounts payable within one year | 42/48 | €11,748 | €20,985 | +€9,237 | +78.6% |
| Trade debts | 44 | €94 | €484 | +€390 | +415% |
| Suppliers | 440/4 | €94 | €484 | +€390 | +415% |
| Taxes, remuneration and social security | 45 | €11,654 | €20,501 | +€8,847 | +75.9% |
| Taxes | 450/3 | €11,654 | €20,501 | +€8,847 | +75.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,148 | €1,385 | +€237 | +20.6% |
| Other operating charges | 640/8 | €3,230 | €2,446 | -€784 | -24.3% |
| Gross operating margin | 9900 | €25,481 | €39,111 | +€13,630 | +53.5% |
| Operating profit (loss) | 9901 | €21,103 | €35,280 | +€14,177 | +67.2% |
| Financial income | 75/76B | €364 | €361 | -€3 | -0.8% |
| Recurring financial income | 75 | €364 | €361 | -€3 | -0.8% |
| Financial charges | 65/66B | €2,180 | €1,722 | -€458 | -21.0% |
| Recurring financial charges | 65 | €2,180 | €1,722 | -€458 | -21.0% |
| Profit (loss) for the period before taxes | 9903 | €19,287 | €33,919 | +€14,632 | +75.9% |
| Income taxes | 67/77 | €6,174 | €10,273 | +€4,099 | +66.4% |
| Profit (loss) for the period | 9904 | €13,113 | €23,646 | +€10,533 | +80.3% |
| Profit (loss) for the period to be appropriated | 9905 | €13,113 | €23,646 | +€10,533 | +80.3% |
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 24 October 2026 via checked.be.