ROBERT MICHEL CONSTRUCT: what changed
Two fiscal 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.
ROBERT MICHEL CONSTRUCT
Largest movements
No asset line moved by more than 1% of the balance sheet total.
- Current portion of long-term debt +€101,513
up €101,513 (+113.0%), from €89,868 to €191,381
- Other debts -€78,633
down €78,633 (-22.9%), from €343,505 to €264,872
- Debts after one year -€32,103
down €32,103 (-13.4%), from €239,253 to €207,150
- Gross operating margin -€17,303
down €17,303 (-27.0%), from €64,152 to €46,849
- Purchases and services +€17,303
up €17,303 (+220.5%), from €7,848 to €25,151
- Taxes +€13,448
up €13,448 (+83.5%), from €16,102 to €29,550
- Financial charges +€942
up €942 (+6.7%), from €13,993 to €14,935
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.
Cash bridge derived
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 | €1,206,390 | €1,206,652 | +€262 | 0.0% |
| Fixed assets | 21/28 | €1,200,089 | €1,200,089 | = | 0.0% |
| Financial fixed assets | 28 | €1,200,089 | €1,200,089 | = | 0.0% |
| Current assets | 29/58 | €6,301 | €6,563 | +€262 | +4.2% |
| Amounts receivable within one year | 40/41 | €190 | - | -€190 | |
| Other amounts receivable | 41 | €190 | - | -€190 | |
| Cash at bank and in hand | 54/58 | €6,111 | €6,563 | +€452 | +7.4% |
| Total equity and liabilities | 10/49 | €1,206,390 | €1,206,652 | +€262 | 0.0% |
| Equity | 10/15 | €512,986 | €514,352 | +€1,366 | +0.3% |
| Contributions | 10/11 | €303,125 | €303,125 | = | 0.0% |
| Profit (loss) carried forward | 14 | €209,861 | €211,227 | +€1,366 | +0.7% |
| Amounts payable | 17/49 | €693,404 | €692,300 | -€1,104 | -0.2% |
| Amounts payable after more than one year | 17 | €239,253 | €207,150 | -€32,103 | -13.4% |
| Financial debts | 170/4 | €239,253 | €207,150 | -€32,103 | -13.4% |
| Amounts payable within one year | 42/48 | €454,151 | €485,150 | +€30,999 | +6.8% |
| Current portion of amounts payable after more than one year | 42 | €89,868 | €191,381 | +€101,513 | +113.0% |
| Financial debts | 43 | €2,628 | €2,629 | +€1 | 0.0% |
| Other loans | 439 | €2,628 | €2,629 | +€1 | 0.0% |
| Trade debts | 44 | €18,150 | €18,268 | +€118 | +0.7% |
| Suppliers | 440/4 | €18,150 | €18,268 | +€118 | +0.7% |
| Taxes, remuneration and social security | 45 | - | €8,000 | +€8,000 | |
| Taxes | 450/3 | - | €8,000 | +€8,000 | |
| Other amounts payable | 47/48 | €343,505 | €264,872 | -€78,633 | -22.9% |
| Turnover | 70 | €72,000 | €72,000 | = | 0.0% |
| Goods, raw materials, services and sundry goods | 60/61 | €7,848 | €25,151 | +€17,303 | +220.5% |
| Other operating charges | 640/8 | €968 | €998 | +€30 | +3.1% |
| Gross operating margin | 9900 | €64,152 | €46,849 | -€17,303 | -27.0% |
| Operating profit (loss) | 9901 | €63,184 | €45,851 | -€17,333 | -27.4% |
| Financial charges | 65/66B | €13,993 | €14,935 | +€942 | +6.7% |
| Recurring financial charges | 65 | €13,993 | €14,935 | +€942 | +6.7% |
| Profit (loss) for the period before taxes | 9903 | €49,191 | €30,916 | -€18,275 | -37.2% |
| Income taxes | 67/77 | €16,102 | €29,550 | +€13,448 | +83.5% |
| Profit (loss) for the period | 9904 | €33,089 | €1,366 | -€31,723 | -95.9% |
| Profit (loss) for the period to be appropriated | 9905 | €33,089 | €1,366 | -€31,723 | -95.9% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 October 2026 via checked.be.