TRAITEUR 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.
TRAITEUR MICHEL
Largest movements
- Receivables within one year -€18,764
down €18,764 (-75.0%), from €25,033 to €6,269
of which Trade receivables: -€19,096
- Tangible fixed assets -€11,656
down €11,656 (-2.7%), from €434,355 to €422,699
of which Land and buildings: -€15,000
- Intangible fixed assets -€6,032
down €6,032 (-21.9%), from €27,499 to €21,467
- Tax, wage and social debts -€27,311
down €27,311 (-60.5%), from €45,109 to €17,797
of which Remuneration and social security: -€20,646
- Debts after one year -€26,975
down €26,975 (-10.8%), from €250,121 to €223,146
- Profit (loss) carried forward +€19,891
up €19,891 (+55.6%), from -€35,779 to -€15,888
- Trade debts -€8,527
down €8,527 (-19.1%), from €44,597 to €36,070
- Other debts +€7,622
up €7,622 (+4.6%), from €165,134 to €172,756
- Gross operating margin -€18,283
down €18,283 (-10.4%), from €176,651 to €158,367
- Depreciation -€13,104
down €13,104 (-35.3%), from €37,091 to €23,988
- Staff costs -€12,991
down €12,991 (-11.9%), from €109,204 to €96,213
- Other operating charges +€4,841
up €4,841 (+56.1%), from €8,631 to €13,472
- Financial charges -€4,272
down €4,272 (-31.7%), from €13,478 to €9,206
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 | €505,011 | €465,856 | -€39,155 | -7.8% |
| Fixed assets | 21/28 | €461,854 | €444,166 | -€17,688 | -3.8% |
| Intangible fixed assets | 21 | €27,499 | €21,467 | -€6,032 | -21.9% |
| Tangible fixed assets | 22/27 | €434,355 | €422,699 | -€11,656 | -2.7% |
| Land and buildings | 22 | €431,250 | €416,250 | -€15,000 | -3.5% |
| Plant, machinery and equipment | 23 | €858 | €425 | -€433 | -50.5% |
| Furniture and vehicles | 24 | €2,247 | €6,024 | +€3,777 | +168% |
| Current assets | 29/58 | €43,157 | €21,689 | -€21,468 | -49.7% |
| Stocks and contracts in progress | 3 | €1,285 | €1,285 | = | 0.0% |
| Stocks | 30/36 | €1,285 | €1,285 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €25,033 | €6,269 | -€18,764 | -75.0% |
| Trade receivables | 40 | €22,207 | €3,110 | -€19,096 | -86.0% |
| Other amounts receivable | 41 | €2,826 | €3,159 | +€333 | +11.8% |
| Cash at bank and in hand | 54/58 | €7,919 | €6,668 | -€1,251 | -15.8% |
| Deferred charges and accrued income | 490/1 | €8,921 | €7,467 | -€1,454 | -16.3% |
| Total equity and liabilities | 10/49 | €505,011 | €465,856 | -€39,155 | -7.8% |
| Equity | 10/15 | -€30,779 | -€10,888 | +€19,891 | +64.6% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€35,779 | -€15,888 | +€19,891 | +55.6% |
| Amounts payable | 17/49 | €535,790 | €476,744 | -€59,046 | -11.0% |
| Amounts payable after more than one year | 17 | €250,121 | €223,146 | -€26,975 | -10.8% |
| Financial debts | 170/4 | €250,121 | €223,146 | -€26,975 | -10.8% |
| Amounts payable within one year | 42/48 | €281,324 | €253,597 | -€27,727 | -9.9% |
| Current portion of amounts payable after more than one year | 42 | €26,485 | €26,975 | +€490 | +1.8% |
| Trade debts | 44 | €44,597 | €36,070 | -€8,527 | -19.1% |
| Suppliers | 440/4 | €44,597 | €36,070 | -€8,527 | -19.1% |
| Taxes, remuneration and social security | 45 | €45,109 | €17,797 | -€27,311 | -60.5% |
| Taxes | 450/3 | €9,400 | €2,734 | -€6,665 | -70.9% |
| Remuneration and social security | 454/9 | €35,709 | €15,063 | -€20,646 | -57.8% |
| Other amounts payable | 47/48 | €165,134 | €172,756 | +€7,622 | +4.6% |
| Accrued charges and deferred income | 492/3 | €4,344 | - | -€4,344 | |
| Turnover | 70 | €0 | - | = | |
| Goods, raw materials, services and sundry goods | 60/61 | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €109,204 | €96,213 | -€12,991 | -11.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €37,091 | €23,988 | -€13,104 | -35.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | -€3,120 | -€3,120 | |
| Other operating charges | 640/8 | €8,631 | €13,472 | +€4,841 | +56.1% |
| Gross operating margin | 9900 | €176,651 | €158,367 | -€18,283 | -10.4% |
| Operating profit (loss) | 9901 | €21,724 | €27,814 | +€6,090 | +28.0% |
| Financial income | 75/76B | €296 | €1,664 | +€1,368 | +463% |
| Recurring financial income | 75 | €296 | €1,664 | +€1,368 | +463% |
| Financial charges | 65/66B | €13,478 | €9,206 | -€4,272 | -31.7% |
| Recurring financial charges | 65 | €13,478 | €9,206 | -€4,272 | -31.7% |
| Profit (loss) for the period before taxes | 9903 | €8,542 | €20,272 | +€11,730 | +137% |
| Income taxes | 67/77 | - | €381 | +€381 | |
| Profit (loss) for the period | 9904 | €8,542 | €19,891 | +€11,349 | +133% |
| Profit (loss) for the period to be appropriated | 9905 | €8,542 | €19,891 | +€11,349 | +133% |
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 27 October 2026 via checked.be.