WONINGBOUW MICHIELS: what changed
WONINGBOUW MICHIELS
Largest movements
- Cash +€43,636
up €43,636 (+233%), from €18,754 to €62,391
mainly Net result for the year (+€73,645) and Depreciation (+€3,712)
- Tangible fixed assets -€5,387
down €5,387 (-85.3%), from €6,313 to €926
of which Plant, machinery and equipment: -€4,166
- Receivables within one year -€1,944
down €1,944 (-15.9%), from €12,230 to €10,286
of which Other amounts receivable: -€3,301
- Deferred charges and accrued income -€831
down €831 (-54.1%), from €1,535 to €705
- Profit (loss) carried forward +€73,645
up €73,645 (+68.5%), from -€107,564 to -€33,919
- Debts after one year -€17,029
down €17,029 (-32.8%), from €51,861 to €34,831
- Trade debts -€11,842
down €11,842 (-97.0%), from €12,205 to €362
- Tax, wage and social debts -€7,907
down €7,907 (-69.4%), from €11,386 to €3,479
of which Remuneration and social security: -€10,545
- Other debts -€2,130
down €2,130 (-74.0%), from €2,880 to €750
- Staff costs -€80,654
down €80,654 (-73.4%), from €109,909 to €29,255
- Gross operating margin -€8,453
down €8,453 (-6.8%), from €124,057 to €115,604
- Depreciation -€4,986
down €4,986 (-57.3%), from €8,698 to €3,712
- Financial charges -€1,631
down €1,631 (-18.8%), from €8,674 to €7,043
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €38,833 | €74,308 | +€35,475 | +91.4% |
| Fixed assets | 21/28 | €6,313 | €926 | -€5,387 | -85.3% |
| Tangible fixed assets | 22/27 | €6,313 | €926 | -€5,387 | -85.3% |
| Land and buildings | 22 | €1,739 | €518 | -€1,221 | -70.2% |
| Plant, machinery and equipment | 23 | €4,574 | €408 | -€4,166 | -91.1% |
| Current assets | 29/58 | €32,520 | €73,382 | +€40,861 | +126% |
| Amounts receivable within one year | 40/41 | €12,230 | €10,286 | -€1,944 | -15.9% |
| Trade receivables | 40 | €236 | €1,592 | +€1,356 | +575% |
| Other amounts receivable | 41 | €11,994 | €8,694 | -€3,301 | -27.5% |
| Cash at bank and in hand | 54/58 | €18,754 | €62,391 | +€43,636 | +233% |
| Deferred charges and accrued income | 490/1 | €1,535 | €705 | -€831 | -54.1% |
| Total equity and liabilities | 10/49 | €38,833 | €74,308 | +€35,475 | +91.4% |
| Equity | 10/15 | -€95,788 | -€22,144 | +€73,645 | +76.9% |
| Contributions | 10/11 | €9,916 | €9,916 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€107,564 | -€33,919 | +€73,645 | +68.5% |
| Amounts payable | 17/49 | €134,621 | €96,451 | -€38,170 | -28.4% |
| Amounts payable after more than one year | 17 | €51,861 | €34,831 | -€17,029 | -32.8% |
| Financial debts | 170/4 | €51,861 | €34,831 | -€17,029 | -32.8% |
| Amounts payable within one year | 42/48 | €82,761 | €61,620 | -€21,140 | -25.5% |
| Current portion of amounts payable after more than one year | 42 | €16,290 | €17,029 | +€740 | +4.5% |
| Financial debts | 43 | €40,000 | €40,000 | = | 0.0% |
| Credit institutions | 430/8 | €40,000 | €40,000 | = | 0.0% |
| Trade debts | 44 | €12,205 | €362 | -€11,842 | -97.0% |
| Suppliers | 440/4 | €12,205 | €362 | -€11,842 | -97.0% |
| Taxes, remuneration and social security | 45 | €11,386 | €3,479 | -€7,907 | -69.4% |
| Taxes | 450/3 | €842 | €3,479 | +€2,637 | +313% |
| Remuneration and social security | 454/9 | €10,545 | €0 | -€10,545 | -100% |
| Other amounts payable | 47/48 | €2,880 | €750 | -€2,130 | -74.0% |
| Non-recurring operating income | 76A | - | €96,575 | +€96,575 | |
| Remuneration, social security and pensions | 62 | €109,909 | €29,255 | -€80,654 | -73.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,698 | €3,712 | -€4,986 | -57.3% |
| Other operating charges | 640/8 | €782 | €1,979 | +€1,197 | +153% |
| Gross operating margin | 9900 | €124,057 | €115,604 | -€8,453 | -6.8% |
| Operating profit (loss) | 9901 | €4,668 | €80,658 | +€75,990 | +1,628% |
| Financial income | 75/76B | €11 | €29 | +€18 | +154% |
| Recurring financial income | 75 | €11 | €29 | +€18 | +154% |
| Financial charges | 65/66B | €8,674 | €7,043 | -€1,631 | -18.8% |
| Recurring financial charges | 65 | €8,674 | €7,043 | -€1,631 | -18.8% |
| Profit (loss) for the period before taxes | 9903 | -€3,994 | €73,645 | +€77,639 | |
| Profit (loss) for the period | 9904 | -€3,994 | €73,645 | +€77,639 | |
| Profit (loss) for the period to be appropriated | 9905 | -€3,994 | €73,645 | +€77,639 |
Next steps
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 2 November 2026 via checked.be.