MICKELETCH-MED: 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.
MICKELETCH-MED
Largest movements
- Cash -€6,259
down €6,259 (-2.4%), from €257,085 to €250,826
mainly Contributions, distributions and other (-€21,429) and Other debts (-€7,143)
- Tangible fixed assets -€4,285
down €4,285 (-72.2%), from €5,934 to €1,649
of which Furniture and vehicles: -€4,160
- Receivables within one year -€3,815
down €3,815 (-42.7%), from €8,927 to €5,112
- Profit (loss) carried forward -€20,000
down €20,000 (-13.8%), from €145,284 to €125,284
- Reserves +€15,000
up €15,000 (+17.1%), from €87,644 to €102,644
- Other debts -€7,143
down €7,143 (-25.0%), from €28,571 to €21,429
- Tax, wage and social debts -€6,756
down €6,756 (-75.1%), from €9,000 to €2,244
of which Taxes: -€7,500
- Trade debts +€6,334
up €6,334 (+91.8%), from €6,899 to €13,233
- Gross operating margin -€42,287
down €42,287 (-59.4%), from €71,147 to €28,859
- Taxes -€11,649
down €11,649 (-60.0%), from €19,421 to €7,773
- Depreciation +€1,523
up €1,523 (+55.1%), from €2,762 to €4,285
- Other operating charges -€955
down €955 (-63.5%), from €1,503 to €548
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 | €292,352 | €279,768 | -€12,584 | -4.3% |
| Fixed assets | 21/28 | €5,934 | €1,649 | -€4,285 | -72.2% |
| Tangible fixed assets | 22/27 | €5,934 | €1,649 | -€4,285 | -72.2% |
| Land and buildings | 22 | €251 | €125 | -€126 | -50.0% |
| Furniture and vehicles | 24 | €5,683 | €1,523 | -€4,160 | -73.2% |
| Current assets | 29/58 | €286,418 | €278,120 | -€8,298 | -2.9% |
| Amounts receivable within one year | 40/41 | €8,927 | €5,112 | -€3,815 | -42.7% |
| Other amounts receivable | 41 | €8,927 | €5,112 | -€3,815 | -42.7% |
| Cash at bank and in hand | 54/58 | €257,085 | €250,826 | -€6,259 | -2.4% |
| Deferred charges and accrued income | 490/1 | €20,406 | €22,182 | +€1,775 | +8.7% |
| Total equity and liabilities | 10/49 | €292,352 | €279,768 | -€12,584 | -4.3% |
| Equity | 10/15 | €245,327 | €240,328 | -€5,000 | -2.0% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €87,644 | €102,644 | +€15,000 | +17.1% |
| Distributable reserves | 133 | €87,644 | €102,644 | +€15,000 | +17.1% |
| Profit (loss) carried forward | 14 | €145,284 | €125,284 | -€20,000 | -13.8% |
| Amounts payable | 17/49 | €47,025 | €39,441 | -€7,584 | -16.1% |
| Amounts payable within one year | 42/48 | €47,025 | €39,441 | -€7,584 | -16.1% |
| Current portion of amounts payable after more than one year | 42 | - | €2,535 | +€2,535 | |
| Financial debts | 43 | €2,554 | - | -€2,554 | |
| Credit institutions | 430/8 | €2,554 | - | -€2,554 | |
| Trade debts | 44 | €6,899 | €13,233 | +€6,334 | +91.8% |
| Suppliers | 440/4 | €6,899 | €13,233 | +€6,334 | +91.8% |
| Taxes, remuneration and social security | 45 | €9,000 | €2,244 | -€6,756 | -75.1% |
| Taxes | 450/3 | €9,000 | €1,500 | -€7,500 | -83.3% |
| Remuneration and social security | 454/9 | - | €744 | +€744 | |
| Other amounts payable | 47/48 | €28,571 | €21,429 | -€7,143 | -25.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,762 | €4,285 | +€1,523 | +55.1% |
| Other operating charges | 640/8 | €1,503 | €548 | -€955 | -63.5% |
| Gross operating margin | 9900 | €71,147 | €28,859 | -€42,287 | -59.4% |
| Operating profit (loss) | 9901 | €66,881 | €24,026 | -€42,856 | -64.1% |
| Financial income | 75/76B | €1,034 | €1,031 | -€3 | -0.3% |
| Recurring financial income | 75 | €1,034 | €1,031 | -€3 | -0.3% |
| Financial charges | 65/66B | €492 | €855 | +€363 | +73.8% |
| Recurring financial charges | 65 | €492 | €338 | -€154 | -31.4% |
| Non-recurring financial charges | 66B | - | €518 | +€518 | |
| Profit (loss) for the period before taxes | 9903 | €67,423 | €24,201 | -€43,222 | -64.1% |
| Income taxes | 67/77 | €19,421 | €7,773 | -€11,649 | -60.0% |
| Profit (loss) for the period | 9904 | €48,002 | €16,429 | -€31,573 | -65.8% |
| Profit (loss) for the period to be appropriated | 9905 | €48,002 | €16,429 | -€31,573 | -65.8% |
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.