RaumFormat Michels: 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.
RaumFormat Michels
Largest movements
- Receivables within one year +€28,910
up €28,910 (+31.8%), from €90,887 to €119,797
of which Trade receivables: +€28,629
- Tax, wage and social debts +€41,538
up €41,538 (+140%), from €29,647 to €71,185
of which Remuneration and social security: +€31,327
- Profit (loss) carried forward -€18,959
down €18,959 (-33.2%), from €57,038 to €38,079
- Trade debts +€10,266
up €10,266 (+631%), from €1,626 to €11,892
- Debts after one year -€7,343
down €7,343 (-66.5%), from €11,045 to €3,702
- Gross operating margin -€22,726
down €22,726 (-13.7%), from €165,403 to €142,677
- Staff costs -€14,825
down €14,825 (-9.0%), from €164,726 to €149,901
- Other operating charges -€6,771
down €6,771 (-44.6%), from €15,188 to €8,416
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 | €191,712 | €217,599 | +€25,886 | +13.5% |
| Fixed assets | 21/28 | €94,887 | €93,227 | -€1,660 | -1.7% |
| Tangible fixed assets | 22/27 | €1,660 | - | -€1,660 | |
| Furniture and vehicles | 24 | €1,660 | - | -€1,660 | |
| Financial fixed assets | 28 | €93,227 | €93,227 | = | 0.0% |
| Current assets | 29/58 | €96,826 | €124,372 | +€27,546 | +28.4% |
| Amounts receivable within one year | 40/41 | €90,887 | €119,797 | +€28,910 | +31.8% |
| Trade receivables | 40 | €90,100 | €118,729 | +€28,629 | +31.8% |
| Other amounts receivable | 41 | €786 | €1,068 | +€281 | +35.8% |
| Cash at bank and in hand | 54/58 | €2,852 | €1,596 | -€1,257 | -44.1% |
| Deferred charges and accrued income | 490/1 | €3,087 | €2,980 | -€107 | -3.5% |
| Total equity and liabilities | 10/49 | €191,712 | €217,599 | +€25,886 | +13.5% |
| Equity | 10/15 | €77,498 | €58,539 | -€18,959 | -24.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | - | €1,860 | +€1,860 | |
| Other | 1319 | €1,860 | - | -€1,860 | |
| Profit (loss) carried forward | 14 | €57,038 | €38,079 | -€18,959 | -33.2% |
| Amounts payable | 17/49 | €114,214 | €159,060 | +€44,845 | +39.3% |
| Amounts payable after more than one year | 17 | €11,045 | €3,702 | -€7,343 | -66.5% |
| Financial debts | 170/4 | €11,045 | €3,702 | -€7,343 | -66.5% |
| Amounts payable within one year | 42/48 | €102,912 | €155,100 | +€52,188 | +50.7% |
| Current portion of amounts payable after more than one year | 42 | €7,261 | €7,343 | +€81 | +1.1% |
| Trade debts | 44 | €1,626 | €11,892 | +€10,266 | +631% |
| Suppliers | 440/4 | €1,626 | €11,892 | +€10,266 | +631% |
| Taxes, remuneration and social security | 45 | €29,647 | €71,185 | +€41,538 | +140% |
| Taxes | 450/3 | €6,411 | €16,622 | +€10,211 | +159% |
| Remuneration and social security | 454/9 | €23,237 | €54,563 | +€31,327 | +135% |
| Other amounts payable | 47/48 | €64,377 | €64,680 | +€303 | +0.5% |
| Accrued charges and deferred income | 492/3 | €258 | €258 | = | 0.0% |
| Remuneration, social security and pensions | 62 | €164,726 | €149,901 | -€14,825 | -9.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €730 | - | -€730 | |
| Other operating charges | 640/8 | €15,188 | €8,416 | -€6,771 | -44.6% |
| Gross operating margin | 9900 | €165,403 | €142,677 | -€22,726 | -13.7% |
| Operating profit (loss) | 9901 | -€15,241 | -€15,640 | -€399 | -2.6% |
| Financial income | 75/76B | €1 | - | -€1 | |
| Recurring financial income | 75 | €1 | - | -€1 | |
| Financial charges | 65/66B | €1,681 | €3,079 | +€1,399 | +83.2% |
| Recurring financial charges | 65 | €1,681 | €1,419 | -€261 | -15.6% |
| Non-recurring financial charges | 66B | - | €1,660 | +€1,660 | |
| Profit (loss) for the period before taxes | 9903 | -€16,921 | -€18,720 | -€1,799 | -10.6% |
| Income taxes | 67/77 | €246 | €239 | -€7 | -2.8% |
| Profit (loss) for the period | 9904 | -€17,167 | -€18,959 | -€1,792 | -10.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€17,167 | -€18,959 | -€1,792 | -10.4% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 31 October 2026 via checked.be.