Dan Miller: 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.
Dan Miller
Largest movements
- Receivables within one year -€12,840
down €12,840 (-95.1%), from €13,494 to €655
of which Trade receivables: -€12,840
- Tangible fixed assets -€3,194
down €3,194 (-53.8%), from €5,931 to €2,738
of which Furniture and vehicles: -€1,713
- Cash -€365
down €365 (-90.4%), from €403 to €39
mainly Contributions, distributions and other (-€12,000) and Net result for the year (-€3,248)
- Profit (loss) carried forward -€15,248
down €15,248, from €12,294 to -€2,953
- Tax, wage and social debts -€3,196
down €3,196 (-99.8%), from €3,202 to €6
of which Taxes: -€2,636
- Other debts +€2,045
up €2,045 (+145.0%), from €1,411 to €3,456
- Gross operating margin -€5,180
no longer reported in 2025 (was €5,180)
- Taxes -€840
no longer reported in 2025 (was €840)
- Depreciation -€449
down €449 (-12.3%), from €3,643 to €3,194
- Financial charges -€65
down €65 (-54.6%), from €119 to €54
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €19,907 | €3,509 | -€16,398 | -82.4% |
| Fixed assets | 21/28 | €6,009 | €2,816 | -€3,194 | -53.1% |
| Tangible fixed assets | 22/27 | €5,931 | €2,738 | -€3,194 | -53.8% |
| Plant, machinery and equipment | 23 | €3,495 | €2,015 | -€1,481 | -42.4% |
| Furniture and vehicles | 24 | €2,436 | €723 | -€1,713 | -70.3% |
| Financial fixed assets | 28 | €78 | €78 | = | 0.0% |
| Current assets | 29/58 | €13,898 | €693 | -€13,205 | -95.0% |
| Amounts receivable within one year | 40/41 | €13,494 | €655 | -€12,840 | -95.1% |
| Trade receivables | 40 | €13,346 | €506 | -€12,840 | -96.2% |
| Other amounts receivable | 41 | €149 | €149 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €403 | €39 | -€365 | -90.4% |
| Total equity and liabilities | 10/49 | €19,907 | €3,509 | -€16,398 | -82.4% |
| Equity | 10/15 | €15,294 | €47 | -€15,248 | -99.7% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €12,294 | -€2,953 | -€15,248 | |
| Amounts payable | 17/49 | €4,613 | €3,462 | -€1,151 | -24.9% |
| Amounts payable within one year | 42/48 | €4,613 | €3,462 | -€1,151 | -24.9% |
| Taxes, remuneration and social security | 45 | €3,202 | €6 | -€3,196 | -99.8% |
| Taxes | 450/3 | €2,642 | €6 | -€2,636 | -99.8% |
| Remuneration and social security | 454/9 | €560 | - | -€560 | |
| Other amounts payable | 47/48 | €1,411 | €3,456 | +€2,045 | +145.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,643 | €3,194 | -€449 | -12.3% |
| Other operating charges | 640/8 | €25 | - | -€25 | |
| Gross operating margin | 9900 | €5,180 | - | -€5,180 | |
| Operating profit (loss) | 9901 | €1,512 | -€3,194 | -€4,706 | |
| Financial income | 75/76B | €1 | - | -€1 | |
| Recurring financial income | 75 | €1 | - | -€1 | |
| Financial charges | 65/66B | €119 | €54 | -€65 | -54.6% |
| Recurring financial charges | 65 | €119 | €54 | -€65 | -54.6% |
| Profit (loss) for the period before taxes | 9903 | €1,394 | -€3,248 | -€4,642 | |
| Income taxes | 67/77 | €840 | - | -€840 | |
| Profit (loss) for the period | 9904 | €554 | -€3,248 | -€3,802 | |
| Profit (loss) for the period to be appropriated | 9905 | €554 | -€3,248 | -€3,802 |
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 9 October 2026 via checked.be.