Mike Scott: 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 Scott
Largest movements
- Cash -€24,015
down €24,015 (-77.8%), from €30,878 to €6,863
mainly Contributions, distributions and other (-€63,289) and Other debts (-€42,312)
- Receivables within one year -€3,672
down €3,672 (-5.9%), from €62,030 to €58,359
of which Other amounts receivable: -€3,494
- Deferred charges and accrued income -€3,246
down €3,246 (-41.9%), from €7,741 to €4,495
- Tangible fixed assets -€1,085
down €1,085 (-35.8%), from €3,026 to €1,941
- Other debts -€42,312
down €42,312 (-59.9%), from €70,601 to €28,289
- Tax, wage and social debts +€10,084
up €10,084 (+92.4%), from €10,916 to €21,000
- Gross operating margin +€15,598
up €15,598 (+22.9%), from €68,032 to €83,630
- Taxes +€4,268
up €4,268 (+27.7%), from €15,394 to €19,662
- Financial charges -€2,845
down €2,845 (-74.8%), from €3,804 to €959
- Other operating charges -€1,141
down €1,141 (-54.5%), from €2,092 to €951
- Depreciation +€856
up €856 (+375%), from €228 to €1,085
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 | €103,675 | €71,657 | -€32,018 | -30.9% |
| Fixed assets | 21/28 | €3,026 | €1,941 | -€1,085 | -35.8% |
| Tangible fixed assets | 22/27 | €3,026 | €1,941 | -€1,085 | -35.8% |
| Furniture and vehicles | 24 | €3,026 | €1,941 | -€1,085 | -35.8% |
| Current assets | 29/58 | €100,649 | €69,716 | -€30,933 | -30.7% |
| Amounts receivable within one year | 40/41 | €62,030 | €58,359 | -€3,672 | -5.9% |
| Trade receivables | 40 | €19,254 | €19,076 | -€177 | -0.9% |
| Other amounts receivable | 41 | €42,777 | €39,282 | -€3,494 | -8.2% |
| Cash at bank and in hand | 54/58 | €30,878 | €6,863 | -€24,015 | -77.8% |
| Deferred charges and accrued income | 490/1 | €7,741 | €4,495 | -€3,246 | -41.9% |
| Total equity and liabilities | 10/49 | €103,675 | €71,657 | -€32,018 | -30.9% |
| Equity | 10/15 | €18,600 | €18,600 | = | 0.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Amounts payable | 17/49 | €85,075 | €53,057 | -€32,018 | -37.6% |
| Amounts payable within one year | 42/48 | €83,581 | €52,220 | -€31,362 | -37.5% |
| Trade debts | 44 | €2,064 | €2,930 | +€867 | +42.0% |
| Suppliers | 440/4 | €2,064 | €2,930 | +€867 | +42.0% |
| Taxes, remuneration and social security | 45 | €10,916 | €21,000 | +€10,084 | +92.4% |
| Taxes | 450/3 | €10,916 | €21,000 | +€10,084 | +92.4% |
| Other amounts payable | 47/48 | €70,601 | €28,289 | -€42,312 | -59.9% |
| Accrued charges and deferred income | 492/3 | €1,494 | €838 | -€656 | -43.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €228 | €1,085 | +€856 | +375% |
| Other operating charges | 640/8 | €2,092 | €951 | -€1,141 | -54.5% |
| Gross operating margin | 9900 | €68,032 | €83,630 | +€15,598 | +22.9% |
| Operating profit (loss) | 9901 | €65,712 | €81,595 | +€15,883 | +24.2% |
| Financial income | 75/76B | €2,389 | €2,314 | -€74 | -3.1% |
| Recurring financial income | 75 | €2,389 | €2,314 | -€74 | -3.1% |
| Financial charges | 65/66B | €3,804 | €959 | -€2,845 | -74.8% |
| Recurring financial charges | 65 | €3,804 | €959 | -€2,845 | -74.8% |
| Profit (loss) for the period before taxes | 9903 | €64,297 | €82,950 | +€18,653 | +29.0% |
| Income taxes | 67/77 | €15,394 | €19,662 | +€4,268 | +27.7% |
| Profit (loss) for the period | 9904 | €48,903 | €63,289 | +€14,386 | +29.4% |
| Profit (loss) for the period to be appropriated | 9905 | €48,903 | €63,289 | +€14,386 | +29.4% |
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 14 October 2026 via checked.be.