Michielsen Consulting: 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.
Michielsen Consulting
Largest movements
- Cash -€126,228
down €126,228 (-88.0%), from €143,464 to €17,236
mainly Contributions, distributions and other (-€225,492) and Receivables within one year (-€22,337)
- Receivables after one year -€36,791
down €36,791 (-84.9%), from €43,351 to €6,560
- Receivables within one year +€22,337
up €22,337 (+77.1%), from €28,974 to €51,311
of which Other amounts receivable: +€19,891
- Current investments +€16,399
up €16,399 (+109%), from €15,000 to €31,399
- Tangible fixed assets -€7,794
down €7,794 (-53.4%), from €14,606 to €6,812
- Reserves -€142,182
down €142,182 (-63.1%), from €225,492 to €83,311
- Other debts +€10,147
up €10,147, from €0 to €10,147
- Financial income +€2,097
up €2,097 (+117%), from €1,787 to €3,885
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 | €245,394 | €113,318 | -€132,077 | -53.8% |
| Fixed assets | 21/28 | €14,606 | €6,812 | -€7,794 | -53.4% |
| Tangible fixed assets | 22/27 | €14,606 | €6,812 | -€7,794 | -53.4% |
| Furniture and vehicles | 24 | €14,606 | €6,812 | -€7,794 | -53.4% |
| Current assets | 29/58 | €230,789 | €106,506 | -€124,283 | -53.9% |
| Amounts receivable after more than one year | 29 | €43,351 | €6,560 | -€36,791 | -84.9% |
| Other amounts receivable | 291 | €43,351 | €6,560 | -€36,791 | -84.9% |
| Amounts receivable within one year | 40/41 | €28,974 | €51,311 | +€22,337 | +77.1% |
| Trade receivables | 40 | €17,087 | €19,532 | +€2,446 | +14.3% |
| Other amounts receivable | 41 | €11,888 | €31,779 | +€19,891 | +167% |
| Current investments | 50/53 | €15,000 | €31,399 | +€16,399 | +109% |
| Cash at bank and in hand | 54/58 | €143,464 | €17,236 | -€126,228 | -88.0% |
| Total equity and liabilities | 10/49 | €245,394 | €113,318 | -€132,077 | -53.8% |
| Equity | 10/15 | €235,492 | €93,311 | -€142,182 | -60.4% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €225,492 | €83,311 | -€142,182 | -63.1% |
| Distributable reserves | 133 | €225,492 | €83,311 | -€142,182 | -63.1% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €9,902 | €20,007 | +€10,105 | +102% |
| Amounts payable within one year | 42/48 | €9,902 | €20,007 | +€10,105 | +102% |
| Trade debts | 44 | €957 | €718 | -€239 | -24.9% |
| Suppliers | 440/4 | €957 | €718 | -€239 | -24.9% |
| Taxes, remuneration and social security | 45 | €8,945 | €9,142 | +€197 | +2.2% |
| Taxes | 450/3 | €8,945 | €9,142 | +€197 | +2.2% |
| Other amounts payable | 47/48 | €0 | €10,147 | +€10,147 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,794 | €7,794 | = | 0.0% |
| Other operating charges | 640/8 | €744 | €674 | -€70 | -9.4% |
| Gross operating margin | 9900 | €111,174 | €110,922 | -€252 | -0.2% |
| Operating profit (loss) | 9901 | €102,636 | €102,453 | -€182 | -0.2% |
| Financial income | 75/76B | €1,787 | €3,885 | +€2,097 | +117% |
| Recurring financial income | 75 | €1,787 | €3,885 | +€2,097 | +117% |
| Financial charges | 65/66B | €104 | €163 | +€59 | +56.5% |
| Recurring financial charges | 65 | €104 | €163 | +€59 | +56.5% |
| Profit (loss) for the period before taxes | 9903 | €104,319 | €106,175 | +€1,856 | +1.8% |
| Income taxes | 67/77 | €22,394 | €22,864 | +€470 | +2.1% |
| Profit (loss) for the period | 9904 | €81,924 | €83,311 | +€1,386 | +1.7% |
| Profit (loss) for the period to be appropriated | 9905 | €81,924 | €83,311 | +€1,386 | +1.7% |
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.