MICHINVEST: what changed
MICHINVEST
Largest movements
- Cash -€305
down €305 (-100%), from €305 to €0
mainly Trade debts (-€657) and Net result for the year (-€457)
- Other debts +€842
up €842 (+21.0%), from €4,014 to €4,857
- Trade debts -€657
down €657 (-100%), from €657 to €0
- Profit (loss) carried forward -€457
down €457 (-4.9%), from -€9,409 to -€9,867
- Accrued charges and deferred income -€43
down €43 (-100%), from €43 to €0
- Short-term financial debts +€10
new in 2025: €10
- Gross operating margin +€974
up €974 (+77.1%), from -€1,264 to -€290
- Other operating charges -€387
down €387 (-100%), from €387 to €0
- Financial charges -€69
down €69 (-29.1%), from €236 to €167
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €305 | €0 | -€305 | -100% |
| Current assets | 29/58 | €305 | €0 | -€305 | -100% |
| Cash at bank and in hand | 54/58 | €305 | €0 | -€305 | -100% |
| Total equity and liabilities | 10/49 | €305 | €0 | -€305 | -100% |
| Equity | 10/15 | -€4,409 | -€4,867 | -€457 | -10.4% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€9,409 | -€9,867 | -€457 | -4.9% |
| Amounts payable | 17/49 | €4,714 | €4,867 | +€153 | +3.2% |
| Amounts payable within one year | 42/48 | €4,671 | €4,867 | +€196 | +4.2% |
| Financial debts | 43 | - | €10 | +€10 | |
| Credit institutions | 430/8 | - | €10 | +€10 | |
| Trade debts | 44 | €657 | €0 | -€657 | -100% |
| Suppliers | 440/4 | €657 | €0 | -€657 | -100% |
| Other amounts payable | 47/48 | €4,014 | €4,857 | +€842 | +21.0% |
| Accrued charges and deferred income | 492/3 | €43 | €0 | -€43 | -100% |
| Non-recurring operating income | 76A | - | €772 | +€772 | |
| Other operating charges | 640/8 | €387 | €0 | -€387 | -100% |
| Gross operating margin | 9900 | -€1,264 | -€290 | +€974 | +77.1% |
| Operating profit (loss) | 9901 | -€1,652 | -€290 | +€1,362 | +82.4% |
| Financial charges | 65/66B | €236 | €167 | -€69 | -29.1% |
| Recurring financial charges | 65 | €236 | €167 | -€69 | -29.1% |
| Profit (loss) for the period before taxes | 9903 | -€1,888 | -€457 | +€1,430 | +75.8% |
| Profit (loss) for the period | 9904 | -€1,888 | -€457 | +€1,430 | +75.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€1,888 | -€457 | +€1,430 | +75.8% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 4 November 2026 via checked.be.