2milleD: what changed
Two fiscal 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.
What changed
2milleD
NACE 55.100, Hotels and similar accommodation
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€10,406
2024 · -€109,880+€120,286
Equity
-€394,234
2024 · -€435,592+€41,358
Cash
€40,848
2024 · €28,200+€12,648
Balance sheet total
€3.1m
2024 · €2.9m+€200,039
Largest movements
Assets
- Receivables within one year +€234,606
up €234,606 (+130.2%), from €180,196 to €414,802
of which Trade receivables: +€234,594
- Tangible fixed assets -€40,829
down €40,829 (-1.5%), from €2.7m to €2.6m
of which Land and buildings: -€97,227
Equity and liabilities
- Trade debts +€319,050
up €319,050 (+71.6%), from €445,658 to €764,708
- Debts after one year -€270,946
down €270,946 (-11.1%), from €2.4m to €2.2m
of which Financial debts: -€258,946
- Other debts +€114,960
up €114,960 (+81.3%), from €141,328 to €256,288
Income statement
- Gross operating margin +€119,128
up €119,128 (+17.3%), from €689,670 to €808,798
- Depreciation +€9,038
up €9,038 (+4.8%), from €189,903 to €198,941
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.
Result 2024
-€109,880
Gross operating margin
+€119,128
Staff costs
-€545
Depreciation
-€9,038
Other operating charges
-€2,221
Financial income
+€4,911
Financial charges
+€8,084
Taxes
-€33
Result 2025
€10,406
Cash bridge derived
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.
From operations
+€400,984
Investment
-€158,112
Financing
-€230,224
Cash 2024
€28,200
From operations (derived)
+€400,984
Net result for the year
+€10,406
Depreciation
+€198,941
Stocks and contracts
+€8,940
Receivables within one year
-€234,606
Deferred charges and accrued income
-€2,554
Trade debts
+€319,050
Tax, wage and social debts
-€12,671
Other debts
+€114,960
Accrued charges and deferred income
-€1,482
Investment (derived)
-€158,112
Investment in fixed assets (net)
-€158,112
Financing
-€230,224
Debts after one year
-€270,946
Current portion of long-term debt
+€9,770
Contributions, distributions and other
+€30,952
Cash 2025
€40,848
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,933,005 | €3,133,044 | +€200,039 | +6.8% |
| Fixed assets | 21/28 | €2,689,748 | €2,648,919 | -€40,829 | -1.5% |
| Tangible fixed assets | 22/27 | €2,689,748 | €2,648,919 | -€40,829 | -1.5% |
| Land and buildings | 22 | €2,553,371 | €2,456,144 | -€97,227 | -3.8% |
| Plant, machinery and equipment | 23 | €120,178 | €171,449 | +€51,271 | +42.7% |
| Furniture and vehicles | 24 | €16,199 | €21,326 | +€5,127 | +31.7% |
| Current assets | 29/58 | €243,257 | €484,125 | +€240,868 | +99.0% |
| Stocks and contracts in progress | 3 | €20,701 | €11,761 | -€8,940 | -43.2% |
| Stocks | 30/36 | €20,701 | €11,761 | -€8,940 | -43.2% |
| Amounts receivable within one year | 40/41 | €180,196 | €414,802 | +€234,606 | +130.2% |
| Trade receivables | 40 | €180,196 | €414,790 | +€234,594 | +130.2% |
| Other amounts receivable | 41 | - | €12 | +€12 | |
| Cash at bank and in hand | 54/58 | €28,200 | €40,848 | +€12,648 | +44.9% |
| Deferred charges and accrued income | 490/1 | €14,160 | €16,714 | +€2,554 | +18.0% |
| Total equity and liabilities | 10/49 | €2,933,005 | €3,133,044 | +€200,039 | +6.8% |
| Equity | 10/15 | -€435,592 | -€394,234 | +€41,358 | +9.5% |
| Contributions | 10/11 | €407,333 | €409,193 | +€1,860 | +0.5% |
| Capital | 10 | €407,333 | - | -€407,333 | |
| Issued capital | 100 | €407,333 | - | -€407,333 | |
| Reserves | 13 | €1,860 | - | -€1,860 | |
| Non-distributable reserves | 130/1 | €1,860 | - | -€1,860 | |
| Legal reserve | 130 | €1,860 | - | -€1,860 | |
| Profit (loss) carried forward | 14 | -€1,129,134 | -€1,118,728 | +€10,406 | +0.9% |
| Investment grants | 15 | €284,349 | €315,301 | +€30,952 | +10.9% |
| Amounts payable | 17/49 | €3,368,597 | €3,527,278 | +€158,681 | +4.7% |
| Amounts payable after more than one year | 17 | €2,443,207 | €2,172,261 | -€270,946 | -11.1% |
| Financial debts | 170/4 | €912,663 | €653,717 | -€258,946 | -28.4% |
| Other amounts payable | 178/9 | €1,530,544 | €1,518,544 | -€12,000 | -0.8% |
| Amounts payable within one year | 42/48 | €923,908 | €1,355,017 | +€431,109 | +46.7% |
| Current portion of amounts payable after more than one year | 42 | €249,175 | €258,945 | +€9,770 | +3.9% |
| Trade debts | 44 | €445,658 | €764,708 | +€319,050 | +71.6% |
| Suppliers | 440/4 | €445,658 | €764,708 | +€319,050 | +71.6% |
| Taxes, remuneration and social security | 45 | €87,747 | €75,076 | -€12,671 | -14.4% |
| Taxes | 450/3 | €6,615 | €4,898 | -€1,717 | -26.0% |
| Remuneration and social security | 454/9 | €81,132 | €70,178 | -€10,954 | -13.5% |
| Other amounts payable | 47/48 | €141,328 | €256,288 | +€114,960 | +81.3% |
| Accrued charges and deferred income | 492/3 | €1,482 | - | -€1,482 | |
| Remuneration, social security and pensions | 62 | €537,097 | €537,642 | +€545 | +0.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €189,903 | €198,941 | +€9,038 | +4.8% |
| Other operating charges | 640/8 | €21,816 | €24,037 | +€2,221 | +10.2% |
| Gross operating margin | 9900 | €689,670 | €808,798 | +€119,128 | +17.3% |
| Operating profit (loss) | 9901 | -€59,146 | €48,178 | +€107,324 | |
| Financial income | 75/76B | €16,082 | €20,993 | +€4,911 | +30.5% |
| Recurring financial income | 75 | €16,082 | €20,993 | +€4,911 | +30.5% |
| Financial charges | 65/66B | €66,650 | €58,566 | -€8,084 | -12.1% |
| Recurring financial charges | 65 | €66,650 | €58,566 | -€8,084 | -12.1% |
| Profit (loss) for the period before taxes | 9903 | -€109,714 | €10,605 | +€120,319 | |
| Income taxes | 67/77 | €166 | €199 | +€33 | +19.9% |
| Profit (loss) for the period | 9904 | -€109,880 | €10,406 | +€120,286 | |
| Profit (loss) for the period to be appropriated | 9905 | -€109,880 | €10,406 | +€120,286 |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 2 October 2026 via checked.be.