VAN DURME-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.
VAN DURME-MICHIELS
Largest movements
- Tangible fixed assets -€50,171
down €50,171 (-5.8%), from €868,185 to €818,014
of which Land and buildings: -€43,652
- Receivables within one year +€48,922
up €48,922 (+107%), from €45,927 to €94,849
of which Trade receivables: +€41,684
- Reserves +€115,950
up €115,950 (+10.5%), from €1.1m to €1.2m
- Contributions -€93,792
down €93,792 (-93.8%), from €100,000 to €6,208
- Debts after one year -€35,131
down €35,131 (-55.7%), from €63,041 to €27,910
- Current portion of long-term debt -€29,787
down €29,787 (-44.7%), from €66,681 to €36,894
- Other debts +€16,997
up €16,997 (+44.0%), from €38,603 to €55,600
- Gross operating margin +€38,123
up €38,123 (+10.8%), from €354,145 to €392,268
- Taxes +€14,704
up €14,704 (+23.4%), from €62,814 to €77,518
- Other operating charges -€8,182
down €8,182 (-49.4%), from €16,575 to €8,394
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 | €1,436,432 | €1,421,137 | -€15,295 | -1.1% |
| Fixed assets | 21/28 | €868,222 | €818,051 | -€50,171 | -5.8% |
| Tangible fixed assets | 22/27 | €868,185 | €818,014 | -€50,171 | -5.8% |
| Land and buildings | 22 | €845,492 | €801,840 | -€43,652 | -5.2% |
| Plant, machinery and equipment | 23 | €2,555 | €2,262 | -€293 | -11.5% |
| Furniture and vehicles | 24 | €20,138 | €13,912 | -€6,226 | -30.9% |
| Financial fixed assets | 28 | €37 | €37 | = | 0.0% |
| Current assets | 29/58 | €568,210 | €603,086 | +€34,876 | +6.1% |
| Amounts receivable within one year | 40/41 | €45,927 | €94,849 | +€48,922 | +107% |
| Trade receivables | 40 | €28,132 | €69,815 | +€41,684 | +148% |
| Other amounts receivable | 41 | €17,795 | €25,034 | +€7,238 | +40.7% |
| Cash at bank and in hand | 54/58 | €519,457 | €505,149 | -€14,308 | -2.8% |
| Deferred charges and accrued income | 490/1 | €2,826 | €3,087 | +€262 | +9.3% |
| Total equity and liabilities | 10/49 | €1,436,432 | €1,421,137 | -€15,295 | -1.1% |
| Equity | 10/15 | €1,218,454 | €1,240,654 | +€22,199 | +1.8% |
| Contributions | 10/11 | €100,000 | €6,208 | -€93,792 | -93.8% |
| Reserves | 13 | €1,109,050 | €1,225,000 | +€115,950 | +10.5% |
| Distributable reserves | 133 | €1,109,050 | €1,225,000 | +€115,950 | +10.5% |
| Profit (loss) carried forward | 14 | €9,404 | €9,446 | +€41 | +0.4% |
| Amounts payable | 17/49 | €217,978 | €180,483 | -€37,495 | -17.2% |
| Amounts payable after more than one year | 17 | €63,041 | €27,910 | -€35,131 | -55.7% |
| Financial debts | 170/4 | €63,041 | €27,910 | -€35,131 | -55.7% |
| Amounts payable within one year | 42/48 | €154,518 | €152,573 | -€1,945 | -1.3% |
| Current portion of amounts payable after more than one year | 42 | €66,681 | €36,894 | -€29,787 | -44.7% |
| Trade debts | 44 | €7,436 | €5,994 | -€1,443 | -19.4% |
| Suppliers | 440/4 | €7,436 | €5,994 | -€1,443 | -19.4% |
| Taxes, remuneration and social security | 45 | €41,797 | €54,085 | +€12,288 | +29.4% |
| Taxes | 450/3 | €29,784 | €45,070 | +€15,287 | +51.3% |
| Remuneration and social security | 454/9 | €12,014 | €9,015 | -€2,999 | -25.0% |
| Other amounts payable | 47/48 | €38,603 | €55,600 | +€16,997 | +44.0% |
| Accrued charges and deferred income | 492/3 | €419 | - | -€419 | |
| Remuneration, social security and pensions | 62 | €85,028 | €83,658 | -€1,370 | -1.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €49,911 | €51,272 | +€1,361 | +2.7% |
| Other operating charges | 640/8 | €16,575 | €8,394 | -€8,182 | -49.4% |
| Gross operating margin | 9900 | €354,145 | €392,268 | +€38,123 | +10.8% |
| Operating profit (loss) | 9901 | €202,630 | €248,944 | +€46,313 | +22.9% |
| Financial income | 75/76B | €6,102 | €4,326 | -€1,776 | -29.1% |
| Recurring financial income | 75 | €6,102 | €3,824 | -€2,278 | -37.3% |
| Non-recurring financial income | 76B | - | €502 | +€502 | |
| Financial charges | 65/66B | €5,725 | €4,160 | -€1,565 | -27.3% |
| Recurring financial charges | 65 | €5,725 | €4,160 | -€1,565 | -27.3% |
| Profit (loss) for the period before taxes | 9903 | €203,007 | €249,110 | +€46,103 | +22.7% |
| Income taxes | 67/77 | €62,814 | €77,518 | +€14,704 | +23.4% |
| Profit (loss) for the period | 9904 | €140,193 | €171,591 | +€31,398 | +22.4% |
| Profit (loss) for the period to be appropriated | 9905 | €140,193 | €171,591 | +€31,398 | +22.4% |
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 31 October 2026 via checked.be.