RESIDENCE MICHELE: what changed
What changed
RESIDENCE MICHELE
NACE 87.301, Residential care activities
filed annual accounts (NBB)
Net result for the year
€248,038
2025 · €227,451+€20,586
Equity
€1.5m
2025 · €1.2m+€248,038
Cash
€83,521
2025 · €77,783+€5,738
Balance sheet total
€2.2m
2025 · €2.1m+€129,170
Largest movements
Assets
- Tangible fixed assets +€128,238
up €128,238 (+11.1%), from €1.2m to €1.3m
of which Land and buildings: +€120,468
Equity and liabilities
- Profit (loss) carried forward +€248,038
up €248,038 (+36.5%), from €678,700 to €926,737
- Trade debts -€71,848
down €71,848 (-36.4%), from €197,215 to €125,367
- Advances received -€44,963
down €44,963 (-91.6%), from €49,103 to €4,140
- Debts after one year -€39,387
down €39,387 (-66.0%), from €59,658 to €20,270
Income statement
- Gross operating margin +€182,984
up €182,984 (+11.0%), from €1.7m to €1.8m
- Staff costs +€133,948
up €133,948 (+11.0%), from €1.2m to €1.4m
- Other operating charges +€35,399
up €35,399 (+107%), from €33,164 to €68,563
Change in the result, 2025 to 2026
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2025
€227,451
Gross operating margin
+€182,984
Staff costs
-€133,948
Depreciation
-€16,976
Write-downs
+€11,814
Other operating charges
-€35,399
Other operating items
+€38,000
Financial income
+€65
Financial charges
-€13,495
Taxes
-€12,457
Result 2026
€248,038
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
The bridge is derived from the 2025 and 2026 balance sheets and the 2026 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€234,867
Investment
-€191,854
Financing
-€37,276
Cash 2025
€77,783
From operations (derived)
+€234,867
Net result for the year
+€248,038
Depreciation
+€63,616
Receivables within one year
+€9,225
Deferred charges and accrued income
-€4,419
Trade debts
-€71,848
Tax, wage and social debts
+€21,787
Advances received
-€44,963
Other debts
+€9,085
Accrued charges and deferred income
+€4,346
Investment (derived)
-€191,854
Investment in fixed assets (net)
-€191,854
Financing
-€37,276
Debts after one year
-€39,387
Current portion of long-term debt
+€2,111
Cash 2026
€83,521
brings cash intakes cash out
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,089,569 | €2,218,739 | +€129,170 | +6.2% |
| Fixed assets | 21/28 | €1,151,546 | €1,279,784 | +€128,238 | +11.1% |
| Tangible fixed assets | 22/27 | €1,151,546 | €1,279,784 | +€128,238 | +11.1% |
| Land and buildings | 22 | €1,142,933 | €1,263,401 | +€120,468 | +10.5% |
| Plant, machinery and equipment | 23 | €5,461 | €15,978 | +€10,517 | +193% |
| Furniture and vehicles | 24 | €3,152 | €404 | -€2,748 | -87.2% |
| Financial fixed assets | 28 | €0 | - | = | |
| Current assets | 29/58 | €938,024 | €938,955 | +€932 | +0.1% |
| Amounts receivable within one year | 40/41 | €840,612 | €831,388 | -€9,225 | -1.1% |
| Trade receivables | 40 | €238,689 | €205,399 | -€33,290 | -13.9% |
| Other amounts receivable | 41 | €601,924 | €625,989 | +€24,065 | +4.0% |
| Cash at bank and in hand | 54/58 | €77,783 | €83,521 | +€5,738 | +7.4% |
| Deferred charges and accrued income | 490/1 | €19,628 | €24,047 | +€4,419 | +22.5% |
| Total equity and liabilities | 10/49 | €2,089,569 | €2,218,739 | +€129,170 | +6.2% |
| Equity | 10/15 | €1,205,918 | €1,453,955 | +€248,038 | +20.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Revaluation surpluses | 12 | €456,186 | €456,186 | = | 0.0% |
| Reserves | 13 | €52,432 | €52,432 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €1,576 | €1,576 | = | 0.0% |
| Distributable reserves | 133 | €48,996 | €48,996 | = | 0.0% |
| Profit (loss) carried forward | 14 | €678,700 | €926,737 | +€248,038 | +36.5% |
| Amounts payable | 17/49 | €883,652 | €764,784 | -€118,868 | -13.5% |
| Amounts payable after more than one year | 17 | €59,658 | €20,270 | -€39,387 | -66.0% |
| Financial debts | 170/4 | €59,658 | €20,270 | -€39,387 | -66.0% |
| Amounts payable within one year | 42/48 | €752,828 | €669,001 | -€83,827 | -11.1% |
| Current portion of amounts payable after more than one year | 42 | €37,276 | €39,387 | +€2,111 | +5.7% |
| Trade debts | 44 | €197,215 | €125,367 | -€71,848 | -36.4% |
| Suppliers | 440/4 | €197,215 | €125,367 | -€71,848 | -36.4% |
| Advances received on contracts in progress | 46 | €49,103 | €4,140 | -€44,963 | -91.6% |
| Taxes, remuneration and social security | 45 | €374,115 | €395,902 | +€21,787 | +5.8% |
| Taxes | 450/3 | €135,974 | €164,204 | +€28,231 | +20.8% |
| Remuneration and social security | 454/9 | €238,141 | €231,698 | -€6,443 | -2.7% |
| Other amounts payable | 47/48 | €95,121 | €104,206 | +€9,085 | +9.6% |
| Accrued charges and deferred income | 492/3 | €71,166 | €75,512 | +€4,346 | +6.1% |
| Remuneration, social security and pensions | 62 | €1,220,553 | €1,354,502 | +€133,948 | +11.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €46,640 | €63,616 | +€16,976 | +36.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €11,814 | €0 | -€11,814 | -100% |
| Other operating charges | 640/8 | €33,164 | €68,563 | +€35,399 | +107% |
| Non-recurring operating charges | 66A | €38,000 | €0 | -€38,000 | -100% |
| Gross operating margin | 9900 | €1,662,000 | €1,844,984 | +€182,984 | +11.0% |
| Operating profit (loss) | 9901 | €311,829 | €358,303 | +€46,474 | +14.9% |
| Financial income | 75/76B | €19 | €84 | +€65 | +335% |
| Recurring financial income | 75 | €19 | €84 | +€65 | +335% |
| Financial charges | 65/66B | €3,605 | €17,099 | +€13,495 | +374% |
| Recurring financial charges | 65 | €3,605 | €17,099 | +€13,495 | +374% |
| Profit (loss) for the period before taxes | 9903 | €308,244 | €341,288 | +€33,044 | +10.7% |
| Income taxes | 67/77 | €80,793 | €93,250 | +€12,457 | +15.4% |
| Profit (loss) for the period | 9904 | €227,451 | €248,038 | +€20,586 | +9.1% |
| Profit (loss) for the period to be appropriated | 9905 | €227,451 | €248,038 | +€20,586 | +9.1% |
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Green is a favourable move for that line, red an unfavourable one. Prepared on 4 November 2026 via checked.be.