Michielsen IT: 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 IT
Largest movements
- Cash +€110,528
up €110,528 (+248%), from €44,539 to €155,067
mainly Net result for the year (+€58,066) and Current investments (+€50,000)
- Current investments -€50,000
no longer reported in 2025 (was €50,000)
- Tangible fixed assets -€6,848
down €6,848 (-57.5%), from €11,917 to €5,068
- Profit (loss) carried forward +€58,066
up €58,066 (+67.6%), from €85,866 to €143,932
- Tax, wage and social debts -€2,494
down €2,494 (-9.1%), from €27,345 to €24,851
- Gross operating margin -€15,803
down €15,803 (-16.3%), from €97,149 to €81,347
- Taxes -€1,997
down €1,997 (-10.5%), from €19,018 to €17,020
- Financial income +€1,550
new in 2025: €1,550
- Financial charges -€1,247
down €1,247 (-95.2%), from €1,309 to €62
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 | €120,192 | €174,450 | +€54,257 | +45.1% |
| Fixed assets | 21/28 | €11,917 | €5,068 | -€6,848 | -57.5% |
| Tangible fixed assets | 22/27 | €11,917 | €5,068 | -€6,848 | -57.5% |
| Furniture and vehicles | 24 | €11,917 | €5,068 | -€6,848 | -57.5% |
| Current assets | 29/58 | €108,276 | €169,382 | +€61,106 | +56.4% |
| Amounts receivable within one year | 40/41 | €13,334 | €13,924 | +€590 | +4.4% |
| Trade receivables | 40 | €13,334 | €13,924 | +€590 | +4.4% |
| Current investments | 50/53 | €50,000 | - | -€50,000 | |
| Cash at bank and in hand | 54/58 | €44,539 | €155,067 | +€110,528 | +248% |
| Deferred charges and accrued income | 490/1 | €403 | €391 | -€12 | -3.0% |
| Total equity and liabilities | 10/49 | €120,192 | €174,450 | +€54,257 | +45.1% |
| Equity | 10/15 | €87,866 | €145,932 | +€58,066 | +66.1% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €85,866 | €143,932 | +€58,066 | +67.6% |
| Amounts payable | 17/49 | €32,326 | €28,518 | -€3,808 | -11.8% |
| Amounts payable within one year | 42/48 | €31,070 | €28,518 | -€2,552 | -8.2% |
| Trade debts | 44 | €361 | €469 | +€107 | +29.7% |
| Suppliers | 440/4 | €361 | €469 | +€107 | +29.7% |
| Taxes, remuneration and social security | 45 | €27,345 | €24,851 | -€2,494 | -9.1% |
| Taxes | 450/3 | €27,345 | €24,851 | -€2,494 | -9.1% |
| Other amounts payable | 47/48 | €3,364 | €3,198 | -€166 | -4.9% |
| Accrued charges and deferred income | 492/3 | €1,256 | - | -€1,256 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,848 | €6,848 | = | 0.0% |
| Other operating charges | 640/8 | €881 | €900 | +€19 | +2.2% |
| Gross operating margin | 9900 | €97,149 | €81,347 | -€15,803 | -16.3% |
| Operating profit (loss) | 9901 | €89,420 | €73,598 | -€15,822 | -17.7% |
| Financial income | 75/76B | - | €1,550 | +€1,550 | |
| Recurring financial income | 75 | - | €1,550 | +€1,550 | |
| Financial charges | 65/66B | €1,309 | €62 | -€1,247 | -95.2% |
| Recurring financial charges | 65 | €1,309 | €62 | -€1,247 | -95.2% |
| Profit (loss) for the period before taxes | 9903 | €88,111 | €75,086 | -€13,025 | -14.8% |
| Income taxes | 67/77 | €19,018 | €17,020 | -€1,997 | -10.5% |
| Profit (loss) for the period | 9904 | €69,093 | €58,066 | -€11,027 | -16.0% |
| Profit (loss) for the period to be appropriated | 9905 | €69,093 | €58,066 | -€11,027 | -16.0% |
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 19 October 2026 via checked.be.