Mike Check: 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.
Mike Check
Largest movements
- Cash +€14,773
up €14,773 (+26.6%), from €55,519 to €70,292
mainly Net result for the year (+€22,546) and Depreciation (+€2,850)
- Deferred charges and accrued income -€1,634
down €1,634 (-19.3%), from €8,458 to €6,823
- Receivables within one year +€1,543
up €1,543 (+12.8%), from €12,100 to €13,643
- Tangible fixed assets -€1,057
down €1,057 (-13.3%), from €7,931 to €6,873
of which Furniture and vehicles: -€2,631
- Profit (loss) carried forward +€22,546
up €22,546 (+69.1%), from €32,621 to €55,167
- Tax, wage and social debts -€7,838
down €7,838 (-35.9%), from €21,840 to €14,002
- Gross operating margin +€32,342
up €32,342 (+140%), from €23,173 to €55,515
- Financial charges +€22,077
up €22,077 (+4,825%), from €458 to €22,535
- Taxes +€1,905
up €1,905 (+38.1%), from €4,999 to €6,905
- Depreciation +€1,249
up €1,249 (+78.1%), from €1,600 to €2,850
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 | €84,007 | €97,632 | +€13,625 | +16.2% |
| Formation expenses | 20 | €0 | - | = | |
| Fixed assets | 21/28 | €7,931 | €6,873 | -€1,057 | -13.3% |
| Tangible fixed assets | 22/27 | €7,931 | €6,873 | -€1,057 | -13.3% |
| Land and buildings | 22 | - | €765 | +€765 | |
| Plant, machinery and equipment | 23 | - | €809 | +€809 | |
| Furniture and vehicles | 24 | €7,931 | €5,300 | -€2,631 | -33.2% |
| Current assets | 29/58 | €76,077 | €90,758 | +€14,682 | +19.3% |
| Amounts receivable within one year | 40/41 | €12,100 | €13,643 | +€1,543 | +12.8% |
| Trade receivables | 40 | €12,100 | €13,643 | +€1,543 | +12.8% |
| Cash at bank and in hand | 54/58 | €55,519 | €70,292 | +€14,773 | +26.6% |
| Deferred charges and accrued income | 490/1 | €8,458 | €6,823 | -€1,634 | -19.3% |
| Total equity and liabilities | 10/49 | €84,007 | €97,632 | +€13,625 | +16.2% |
| Equity | 10/15 | €56,121 | €78,667 | +€22,546 | +40.2% |
| Contributions | 10/11 | €7,000 | €7,000 | = | 0.0% |
| Reserves | 13 | €16,500 | €16,500 | = | 0.0% |
| Distributable reserves | 133 | €16,500 | €16,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €32,621 | €55,167 | +€22,546 | +69.1% |
| Amounts payable | 17/49 | €27,886 | €18,965 | -€8,921 | -32.0% |
| Amounts payable within one year | 42/48 | €27,886 | €18,965 | -€8,921 | -32.0% |
| Trade debts | 44 | €1,689 | €1,427 | -€262 | -15.5% |
| Suppliers | 440/4 | €1,689 | €1,427 | -€262 | -15.5% |
| Taxes, remuneration and social security | 45 | €21,840 | €14,002 | -€7,838 | -35.9% |
| Taxes | 450/3 | €21,840 | €14,002 | -€7,838 | -35.9% |
| Other amounts payable | 47/48 | €4,357 | €3,536 | -€822 | -18.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,600 | €2,850 | +€1,249 | +78.1% |
| Other operating charges | 640/8 | €342 | €735 | +€393 | +115% |
| Gross operating margin | 9900 | €23,173 | €55,515 | +€32,342 | +140% |
| Operating profit (loss) | 9901 | €21,230 | €51,929 | +€30,699 | +145% |
| Financial income | 75/76B | €56 | €56 | +€0 | +0.2% |
| Recurring financial income | 75 | €56 | €56 | +€0 | +0.2% |
| Financial charges | 65/66B | €458 | €22,535 | +€22,077 | +4,825% |
| Recurring financial charges | 65 | €458 | €22,535 | +€22,077 | +4,825% |
| Profit (loss) for the period before taxes | 9903 | €20,828 | €29,451 | +€8,622 | +41.4% |
| Income taxes | 67/77 | €4,999 | €6,905 | +€1,905 | +38.1% |
| Profit (loss) for the period | 9904 | €15,829 | €22,546 | +€6,717 | +42.4% |
| Profit (loss) for the period to be appropriated | 9905 | €15,829 | €22,546 | +€6,717 | +42.4% |
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 15 October 2026 via checked.be.