Saint-Michel: 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.
What changed
Saint-Michel
NACE 88.993, Social work activities without accommodation
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
-€1.5m
2024 · -€356,306-€1.1m
Equity
€2.6m
2024 · €4.0m-€1.4m
Cash
€922,781
2024 · €838,981+€83,800
Balance sheet total
€6.0m
2024 · €6.0m-€3,366
Largest movements
Assets
- Tangible fixed assets +€1.2m
up €1.2m (+48.5%), from €2.5m to €3.7m
of which Assets under construction and advance payments: +€731,397
- Current investments -€872,689
down €872,689 (-61.8%), from €1.4m to €540,246
- Receivables within one year -€539,076
down €539,076 (-48.1%), from €1.1m to €582,361
of which Other amounts receivable: -€484,695
- Deferred charges and accrued income +€104,673
up €104,673 (+93.8%), from €111,635 to €216,308
- Cash +€83,800
up €83,800 (+10.0%), from €838,981 to €922,781
mainly Current investments (+€872,689) and Accrued charges and deferred income (+€752,875)
Equity and liabilities
- Profit (loss) carried forward -€1.5m
down €1.5m (-87.1%), from €1.7m to €216,158
- Accrued charges and deferred income +€752,875
up €752,875 (+10,624%), from €7,086 to €759,961
- Provisions +€300,812
new in 2025: €300,812
- Debts after one year +€277,038
new in 2025: €277,038
- Investment grants +€85,178
up €85,178 (+5.2%), from €1.6m to €1.7m
Income statement
- Staff costs +€282,957
up €282,957 (+3.7%), from €7.6m to €7.9m
- Services and other goods +€106,797
up €106,797 (+14.8%), from €720,151 to €826,948
- Other operating charges -€63,420
down €63,420 (-23.1%), from €274,823 to €211,403
- Depreciation +€50,893
up €50,893 (+20.1%), from €253,040 to €303,933
- Financial income +€38,082
up €38,082 (+99.9%), from €38,117 to €76,199
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.
Result 2024
-€356,306
Turnover
-€26
Other operating income
+€12,205
Goods and materials
-€13,581
Services and other goods
-€106,797
Staff costs
-€282,957
Depreciation
-€50,893
Other operating charges
+€63,420
Other operating items
-€761,151
Financial income
+€38,082
Financial charges
-€5,206
Result 2025
-€1.5m
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€362,450
Investment
-€640,866
Financing
+€362,216
Cash 2024
€838,981
From operations (derived)
+€362,450
Net result for the year
-€1.5m
Depreciation
+€303,933
Stocks and contracts
-€10,304
Receivables within one year
+€539,076
Deferred charges and accrued income
-€104,673
Provisions
+€300,812
Debts within one year
+€43,941
Accrued charges and deferred income
+€752,875
Investment (derived)
-€640,866
Investment in fixed assets (net)
-€1.5m
Current investments
+€872,689
Financing
+€362,216
Debts after one year
+€277,038
Contributions, distributions and other
+€85,178
Cash 2025
€922,781
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €6,007,327 | €6,003,961 | -€3,366 | -0.1% |
| Fixed assets | 21/28 | €2,497,823 | €3,707,445 | +€1.2m | +48.4% |
| Tangible fixed assets | 22/27 | €2,495,448 | €3,705,053 | +€1.2m | +48.5% |
| Land and buildings | 22 | €472,133 | €730,108 | +€257,974 | +54.6% |
| Plant, machinery and equipment | 23 | €171,235 | €260,985 | +€89,750 | +52.4% |
| Furniture and vehicles | 24 | €114,422 | €95,907 | -€18,515 | -16.2% |
| Other tangible fixed assets | 26 | €444,597 | €593,596 | +€148,999 | +33.5% |
| Assets under construction and advance payments | 27 | €1,293,060 | €2,024,457 | +€731,397 | +56.6% |
| Financial fixed assets | 28 | €2,375 | €2,392 | +€17 | +0.7% |
| Other financial fixed assets | 284/8 | €2,375 | €2,392 | +€17 | +0.7% |
| Amounts receivable and cash guarantees | 285/8 | €2,375 | €2,392 | +€17 | +0.7% |
| Current assets | 29/58 | €3,509,504 | €2,296,516 | -€1.2m | -34.6% |
| Stocks and contracts in progress | 3 | €24,517 | €34,820 | +€10,304 | +42.0% |
| Stocks | 30/36 | €24,517 | €34,820 | +€10,304 | +42.0% |
| Raw materials and consumables | 30/31 | €24,517 | €23,460 | -€1,056 | -4.3% |
| Goods purchased for resale | 34 | - | €11,360 | +€11,360 | |
| Amounts receivable within one year | 40/41 | €1,121,437 | €582,361 | -€539,076 | -48.1% |
| Trade receivables | 40 | €57,103 | €2,722 | -€54,381 | -95.2% |
| Other amounts receivable | 41 | €1,064,335 | €579,640 | -€484,695 | -45.5% |
| Current investments | 50/53 | €1,412,934 | €540,246 | -€872,689 | -61.8% |
| Cash at bank and in hand | 54/58 | €838,981 | €922,781 | +€83,800 | +10.0% |
| Deferred charges and accrued income | 490/1 | €111,635 | €216,308 | +€104,673 | +93.8% |
| Total equity and liabilities | 10/49 | €6,007,327 | €6,003,961 | -€3,366 | -0.1% |
| Equity | 10/15 | €4,024,368 | €2,646,337 | -€1.4m | -34.2% |
| Contributions | 10/11 | €392,048 | €392,048 | = | 0.0% |
| Capital | 10 | €392,048 | €392,048 | = | 0.0% |
| Revaluation surpluses | 12 | €74,368 | €74,368 | = | 0.0% |
| Reserves | 13 | €250,000 | €250,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,679,367 | €216,158 | -€1.5m | -87.1% |
| Investment grants | 15 | €1,628,585 | €1,713,763 | +€85,178 | +5.2% |
| Provisions and deferred taxes | 16 | - | €300,812 | +€300,812 | |
| Provisions for liabilities and charges | 160/5 | - | €300,812 | +€300,812 | |
| Other liabilities and charges | 164/5 | - | €300,812 | +€300,812 | |
| Amounts payable | 17/49 | €1,982,959 | €3,056,812 | +€1.1m | +54.2% |
| Amounts payable after more than one year | 17 | - | €277,038 | +€277,038 | |
| Financial debts | 170/4 | - | €277,038 | +€277,038 | |
| Credit institutions | 173 | - | €277,038 | +€277,038 | |
| Amounts payable within one year | 42/48 | €1,975,873 | €2,019,814 | +€43,941 | +2.2% |
| Current portion of amounts payable after more than one year | 42 | - | €7,962 | +€7,962 | |
| Trade debts | 44 | €236,115 | €148,710 | -€87,406 | -37.0% |
| Suppliers | 440/4 | €236,115 | €148,710 | -€87,406 | -37.0% |
| Taxes, remuneration and social security | 45 | €1,318,022 | €1,372,409 | +€54,388 | +4.1% |
| Taxes | 450/3 | €237,091 | €254,973 | +€17,882 | +7.5% |
| Remuneration and social security | 454/9 | €1,080,931 | €1,117,437 | +€36,506 | +3.4% |
| Accrued charges and deferred income | 492/3 | €7,086 | €759,961 | +€752,875 | +10,624% |
| Operating income | 70/76A | €8,760,664 | €8,312,505 | -€448,159 | -5.1% |
| Turnover | 70 | €12,337 | €12,311 | -€26 | -0.2% |
| Membership fees, donations, legacies and grants | 73 | €8,424,063 | €7,963,724 | -€460,339 | -5.5% |
| Other operating income | 74 | €324,264 | €336,469 | +€12,205 | +3.8% |
| Operating charges | 60/66A | €9,153,720 | €9,845,341 | +€691,621 | +7.6% |
| Goods for resale, raw materials and consumables | 60 | €296,461 | €310,042 | +€13,581 | +4.6% |
| Purchases | 600/8 | €301,520 | €318,780 | +€17,260 | +5.7% |
| Change in stocks: decrease (increase) | 609 | -€5,058 | -€8,738 | -€3,679 | -72.7% |
| Services and other goods | 61 | €720,151 | €826,948 | +€106,797 | +14.8% |
| Remuneration, social security and pensions | 62 | €7,609,245 | €7,892,201 | +€282,957 | +3.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €253,040 | €303,933 | +€50,893 | +20.1% |
| Other operating charges | 640/8 | €274,823 | €211,403 | -€63,420 | -23.1% |
| Operating profit (loss) | 9901 | -€393,057 | -€1,532,836 | -€1.1m | -290% |
| Financial income | 75/76B | €38,117 | €76,199 | +€38,082 | +99.9% |
| Recurring financial income | 75 | €38,117 | €76,199 | +€38,082 | +99.9% |
| Other financial income | 752/9 | €38,117 | €76,199 | +€38,082 | +99.9% |
| Financial charges | 65/66B | €1,366 | €6,573 | +€5,206 | +381% |
| Recurring financial charges | 65 | €1,366 | €6,573 | +€5,206 | +381% |
| Debt charges | 650 | €224 | €1,498 | +€1,274 | +569% |
| Other financial charges | 652/9 | €1,142 | €5,074 | +€3,932 | +344% |
| Profit (loss) for the period before taxes | 9903 | -€356,306 | -€1,463,209 | -€1.1m | -311% |
| Profit (loss) for the period | 9904 | -€356,306 | -€1,463,209 | -€1.1m | -311% |
| Profit (loss) for the period to be appropriated | 9905 | -€356,306 | -€1,463,209 | -€1.1m | -311% |
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 16 October 2026 via checked.be.