SINT MICHIELS: 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.
SINT MICHIELS
Largest movements
- Cash +€8,326
up €8,326 (+52.7%), from €15,796 to €24,123
mainly Net result for the year (+€5,445) and Deferred charges and accrued income (+€1,959)
- Profit (loss) carried forward +€5,445
up €5,445, from -€4,304 to €1,142
- Gross operating margin +€15,277
up €15,277, from -€2,779 to €12,498
- Financial charges -€553
down €553 (-30.1%), from €1,841 to €1,288
of which Financial charges: -€687
- Depreciation -€382
down €382 (-16.5%), from €2,316 to €1,934
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 | €537,833 | €542,761 | +€4,927 | +0.9% |
| Fixed assets | 21/28 | €515,130 | €513,062 | -€2,067 | -0.4% |
| Tangible fixed assets | 22/27 | €514,997 | €513,062 | -€1,934 | -0.4% |
| Land and buildings | 22 | €508,553 | €508,553 | = | 0.0% |
| Plant, machinery and equipment | 23 | €5,890 | €4,385 | -€1,505 | -25.6% |
| Furniture and vehicles | 24 | €553 | €124 | -€429 | -77.6% |
| Financial fixed assets | 28 | €133 | €0 | -€133 | -100% |
| Current assets | 29/58 | €22,704 | €29,698 | +€6,995 | +30.8% |
| Amounts receivable within one year | 40/41 | - | €628 | +€628 | |
| Trade receivables | 40 | - | €628 | +€628 | |
| Cash at bank and in hand | 54/58 | €15,796 | €24,123 | +€8,326 | +52.7% |
| Deferred charges and accrued income | 490/1 | €6,907 | €4,948 | -€1,959 | -28.4% |
| Total equity and liabilities | 10/49 | €537,833 | €542,761 | +€4,927 | +0.9% |
| Equity | 10/15 | €523,658 | €529,103 | +€5,445 | +1.0% |
| Contributions | 10/11 | €525,674 | €527,961 | +€2,287 | +0.4% |
| Capital | 10 | €525,674 | - | -€525,674 | |
| Issued capital | 100 | €525,674 | - | -€525,674 | |
| Reserves | 13 | €2,287 | - | -€2,287 | |
| Non-distributable reserves | 130/1 | €2,287 | - | -€2,287 | |
| Legal reserve | 130 | €2,287 | - | -€2,287 | |
| Profit (loss) carried forward | 14 | -€4,304 | €1,142 | +€5,445 | |
| Amounts payable | 17/49 | €14,176 | €13,657 | -€518 | -3.7% |
| Amounts payable within one year | 42/48 | €13,776 | €13,657 | -€118 | -0.9% |
| Trade debts | 44 | €1,088 | €2,957 | +€1,869 | +172% |
| Suppliers | 440/4 | €1,088 | €2,957 | +€1,869 | +172% |
| Taxes, remuneration and social security | 45 | €397 | €682 | +€285 | +71.7% |
| Taxes | 450/3 | €397 | €682 | +€285 | +71.7% |
| Other amounts payable | 47/48 | €12,291 | €10,019 | -€2,272 | -18.5% |
| Accrued charges and deferred income | 492/3 | €400 | - | -€400 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,316 | €1,934 | -€382 | -16.5% |
| Other operating charges | 640/8 | €3,539 | €3,654 | +€115 | +3.2% |
| Gross operating margin | 9900 | -€2,779 | €12,498 | +€15,277 | |
| Operating profit (loss) | 9901 | -€8,635 | €6,910 | +€15,544 | |
| Financial charges | 65/66B | €1,841 | €1,288 | -€553 | -30.1% |
| Recurring financial charges | 65 | €1,841 | €1,154 | -€687 | -37.3% |
| Non-recurring financial charges | 66B | - | €133 | +€133 | |
| Profit (loss) for the period before taxes | 9903 | -€10,475 | €5,622 | +€16,097 | |
| Income taxes | 67/77 | €174 | €177 | +€2 | +1.2% |
| Profit (loss) for the period | 9904 | -€10,650 | €5,445 | +€16,095 | |
| Profit (loss) for the period to be appropriated | 9905 | -€10,650 | €5,445 | +€16,095 |
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.