Station Habets Michaël: 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.
Station Habets Michaël
Largest movements
- Cash +€205,349
up €205,349 (+65.5%), from €313,580 to €518,929
mainly Net result for the year (+€157,207) and Other debts (+€135,938)
- Tangible fixed assets -€11,838
down €11,838 (-11.5%), from €103,302 to €91,464
of which Furniture and vehicles: -€22,182
- Other debts +€135,938
up €135,938 (+84.2%), from €161,479 to €297,417
- Trade debts +€84,075
up €84,075 (+47.6%), from €176,779 to €260,854
- Debts after one year -€17,407
down €17,407 (-17.6%), from €98,895 to €81,488
of which Financial debts: -€17,407
- Gross operating margin +€78,524
up €78,524 (+41.7%), from €188,366 to €266,890
- Taxes +€21,957
up €21,957 (+75.9%), from €28,945 to €50,901
- Financial charges -€17,069
down €17,069 (-62.1%), from €27,466 to €10,396
- Depreciation +€3,694
up €3,694 (+12.8%), from €28,962 to €32,656
- Other operating charges +€3,184
up €3,184 (+129%), from €2,469 to €5,654
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 | €535,424 | €730,743 | +€195,319 | +36.5% |
| Fixed assets | 21/28 | €103,302 | €91,464 | -€11,838 | -11.5% |
| Tangible fixed assets | 22/27 | €103,302 | €91,464 | -€11,838 | -11.5% |
| Plant, machinery and equipment | 23 | €31,452 | €41,796 | +€10,344 | +32.9% |
| Furniture and vehicles | 24 | €71,850 | €49,668 | -€22,182 | -30.9% |
| Current assets | 29/58 | €432,122 | €639,279 | +€207,157 | +47.9% |
| Stocks and contracts in progress | 3 | €60,897 | €55,660 | -€5,238 | -8.6% |
| Stocks | 30/36 | €60,897 | €55,660 | -€5,238 | -8.6% |
| Amounts receivable within one year | 40/41 | €52,405 | €59,347 | +€6,942 | +13.2% |
| Trade receivables | 40 | €50,742 | €45,245 | -€5,497 | -10.8% |
| Other amounts receivable | 41 | €1,664 | €14,102 | +€12,439 | +748% |
| Cash at bank and in hand | 54/58 | €313,580 | €518,929 | +€205,349 | +65.5% |
| Deferred charges and accrued income | 490/1 | €5,240 | €5,344 | +€104 | +2.0% |
| Total equity and liabilities | 10/49 | €535,424 | €730,743 | +€195,319 | +36.5% |
| Equity | 10/15 | €45,064 | €42,271 | -€2,793 | -6.2% |
| Contributions | 10/11 | €30,000 | €30,000 | = | 0.0% |
| Reserves | 13 | €13,043 | €8,179 | -€4,864 | -37.3% |
| Tax-exempt reserves | 132 | €10,043 | €5,179 | -€4,864 | -48.4% |
| Distributable reserves | 133 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €2,021 | €4,092 | +€2,071 | +103% |
| Provisions and deferred taxes | 16 | €2,511 | €1,295 | -€1,216 | -48.4% |
| Deferred taxes | 168 | €2,511 | €1,295 | -€1,216 | -48.4% |
| Amounts payable | 17/49 | €487,850 | €687,177 | +€199,328 | +40.9% |
| Amounts payable after more than one year | 17 | €98,895 | €81,488 | -€17,407 | -17.6% |
| Financial debts | 170/4 | €18,895 | €1,488 | -€17,407 | -92.1% |
| Other amounts payable | 178/9 | €80,000 | €80,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €388,955 | €605,689 | +€216,735 | +55.7% |
| Current portion of amounts payable after more than one year | 42 | €16,609 | €17,407 | +€798 | +4.8% |
| Trade debts | 44 | €176,779 | €260,854 | +€84,075 | +47.6% |
| Suppliers | 440/4 | €176,779 | €260,854 | +€84,075 | +47.6% |
| Taxes, remuneration and social security | 45 | €34,089 | €30,012 | -€4,077 | -12.0% |
| Taxes | 450/3 | €33,271 | €29,114 | -€4,157 | -12.5% |
| Remuneration and social security | 454/9 | €817 | €898 | +€80 | +9.8% |
| Other amounts payable | 47/48 | €161,479 | €297,417 | +€135,938 | +84.2% |
| Remuneration, social security and pensions | 62 | €10,804 | €11,334 | +€530 | +4.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €28,962 | €32,656 | +€3,694 | +12.8% |
| Other operating charges | 640/8 | €2,469 | €5,654 | +€3,184 | +129% |
| Gross operating margin | 9900 | €188,366 | €266,890 | +€78,524 | +41.7% |
| Operating profit (loss) | 9901 | €146,132 | €217,247 | +€71,115 | +48.7% |
| Financial income | 75/76B | €3,220 | €43 | -€3,177 | -98.7% |
| Recurring financial income | 75 | €52 | €43 | -€10 | -18.4% |
| Non-recurring financial income | 76B | €3,167 | - | -€3,167 | |
| Financial charges | 65/66B | €27,466 | €10,396 | -€17,069 | -62.1% |
| Recurring financial charges | 65 | €27,466 | €10,396 | -€17,069 | -62.1% |
| Profit (loss) for the period before taxes | 9903 | €121,885 | €206,893 | +€85,007 | +69.7% |
| Transfer from deferred taxes | 780 | €1,216 | €1,216 | = | 0.0% |
| Income taxes | 67/77 | €28,945 | €50,901 | +€21,957 | +75.9% |
| Profit (loss) for the period | 9904 | €94,157 | €157,207 | +€63,051 | +67.0% |
| Transfer from tax-exempt reserves | 789 | €4,864 | €4,864 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €99,021 | €162,071 | +€63,051 | +63.7% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 26 October 2026 via checked.be.