SAINT MICHEL 23: what changed
What changed
SAINT MICHEL 23
filed annual accounts (NBB)
Net result for the year
-€19,232
2024 · -€3,159-€16,074
Equity
-€718,922
2024 · -€699,689-€19,232
Cash
€1,360
2024 · €10,048-€8,687
Balance sheet total
€1.5m
2024 · €1.5m-€11,585
Largest movements
Assets
No asset line moved by more than 1% of the balance sheet total.
Equity and liabilities
- Profit (loss) carried forward -€19,232
down €19,232 (-2.5%), from -€767,889 to -€787,122
Income statement
- Gross operating margin -€16,172
down €16,172, from €5,447 to -€10,725
Change in the result, 2024 to 2025
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 2024
-€3,159
Gross operating margin
-€16,172
Other operating charges
+€106
Financial charges
-€7
Result 2025
-€19,232
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
-€8,687
Investment
€0
Financing
€0
Cash 2024
€10,048
From operations (derived)
-€8,687
Net result for the year
-€19,232
Depreciation
+€2,897
Trade debts
+€20
Other debts
+€7,628
Cash 2025
€1,360
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,527,659 | €1,516,074 | -€11,585 | -0.8% |
| Fixed assets | 21/28 | €1,517,611 | €1,514,714 | -€2,897 | -0.2% |
| Tangible fixed assets | 22/27 | €1,517,611 | €1,514,714 | -€2,897 | -0.2% |
| Land and buildings | 22 | €1,487,448 | €1,484,550 | -€2,897 | -0.2% |
| Other tangible fixed assets | 26 | €30,163 | €30,163 | = | 0.0% |
| Current assets | 29/58 | €10,048 | €1,360 | -€8,687 | -86.5% |
| Cash at bank and in hand | 54/58 | €10,048 | €1,360 | -€8,687 | -86.5% |
| Total equity and liabilities | 10/49 | €1,527,659 | €1,516,074 | -€11,585 | -0.8% |
| Equity | 10/15 | -€699,689 | -€718,922 | -€19,232 | -2.7% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €6,200 | €6,200 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€767,889 | -€787,122 | -€19,232 | -2.5% |
| Amounts payable | 17/49 | €2,227,348 | €2,234,996 | +€7,648 | +0.3% |
| Amounts payable within one year | 42/48 | €2,227,348 | €2,234,996 | +€7,648 | +0.3% |
| Trade debts | 44 | €1,923 | €1,943 | +€20 | +1.0% |
| Suppliers | 440/4 | €1,923 | €1,943 | +€20 | +1.0% |
| Other amounts payable | 47/48 | €2,225,425 | €2,233,053 | +€7,628 | +0.3% |
| Non-recurring operating income | 76A | €1,000 | - | -€1,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,897 | €2,897 | = | 0.0% |
| Other operating charges | 640/8 | €5,556 | €5,450 | -€106 | -1.9% |
| Gross operating margin | 9900 | €5,447 | -€10,725 | -€16,172 | |
| Operating profit (loss) | 9901 | -€3,005 | -€19,072 | -€16,066 | -535% |
| Financial charges | 65/66B | €153 | €161 | +€7 | +4.7% |
| Recurring financial charges | 65 | €153 | €161 | +€7 | +4.7% |
| Profit (loss) for the period before taxes | 9903 | -€3,159 | -€19,232 | -€16,074 | -509% |
| Profit (loss) for the period | 9904 | -€3,159 | -€19,232 | -€16,074 | -509% |
| Profit (loss) for the period to be appropriated | 9905 | -€3,159 | -€19,232 | -€16,074 | -509% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 8 November 2026 via checked.be.