DR. MILLECAM B.: 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.
DR. MILLECAM B.
Largest movements
- Cash +€268,354
up €268,354 (+64.4%), from €416,641 to €684,996
- Receivables within one year +€69,641
new in 2024: €69,641
- Receivables after one year -€41,000
down €41,000 (-67.2%), from €61,000 to €20,000
- Tangible fixed assets +€39,038
up €39,038 (+31.1%), from €125,720 to €164,759
of which Furniture and vehicles: +€24,240
- Reserves +€287,007
up €287,007 (+46.8%), from €613,791 to €900,798
of which Distributable reserves: +€289,487
- Tax, wage and social debts +€35,367
up €35,367 (+65.8%), from €53,725 to €89,092
of which Taxes: +€43,792
- Trade debts +€17,359
up €17,359 (+93.4%), from €18,579 to €35,938
- Gross operating margin +€125,374
up €125,374 (+45.5%), from €275,660 to €401,034
- Taxes +€33,982
up €33,982 (+42.1%), from €80,635 to €114,616
- Depreciation -€4,214
down €4,214 (-11.7%), from €36,066 to €31,853
From the 2022 result to the 2024 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
A cash bridge needs two consecutive financial years: one year's result and depreciation cannot explain a change over several years. Pick two years that follow each other.
Every line side by side
| Line | Code | 2022 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €708,642 | €1,046,862 | +€338,220 | +47.7% |
| Fixed assets | 21/28 | €125,720 | €164,759 | +€39,038 | +31.1% |
| Tangible fixed assets | 22/27 | €125,720 | €164,759 | +€39,038 | +31.1% |
| Land and buildings | 22 | €59,837 | €72,257 | +€12,420 | +20.8% |
| Plant, machinery and equipment | 23 | €6,870 | €9,248 | +€2,378 | +34.6% |
| Furniture and vehicles | 24 | €59,013 | €83,254 | +€24,240 | +41.1% |
| Current assets | 29/58 | €582,922 | €882,103 | +€299,182 | +51.3% |
| Amounts receivable after more than one year | 29 | €61,000 | €20,000 | -€41,000 | -67.2% |
| Trade receivables | 290 | €61,000 | €20,000 | -€41,000 | -67.2% |
| Amounts receivable within one year | 40/41 | - | €69,641 | +€69,641 | |
| Other amounts receivable | 41 | - | €69,641 | +€69,641 | |
| Current investments | 50/53 | €101,415 | €101,415 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €416,641 | €684,996 | +€268,354 | +64.4% |
| Deferred charges and accrued income | 490/1 | €3,865 | €6,051 | +€2,186 | +56.6% |
| Total equity and liabilities | 10/49 | €708,642 | €1,046,862 | +€338,220 | +47.7% |
| Equity | 10/15 | €632,391 | €919,398 | +€287,007 | +45.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Capital | 10 | €18,600 | - | -€18,600 | |
| Issued capital | 100 | €24,800 | - | -€24,800 | |
| Uncalled capital | 101 | €6,200 | - | -€6,200 | |
| Reserves | 13 | €613,791 | €900,798 | +€287,007 | +46.8% |
| Non-distributable reserves | 130/1 | €2,480 | - | -€2,480 | |
| Legal reserve | 130 | €2,480 | - | -€2,480 | |
| Distributable reserves | 133 | €611,311 | €900,798 | +€289,487 | +47.4% |
| Amounts payable | 17/49 | €76,251 | €127,464 | +€51,214 | +67.2% |
| Amounts payable within one year | 42/48 | €75,751 | €127,464 | +€51,714 | +68.3% |
| Trade debts | 44 | €18,579 | €35,938 | +€17,359 | +93.4% |
| Suppliers | 440/4 | €18,579 | €35,938 | +€17,359 | +93.4% |
| Taxes, remuneration and social security | 45 | €53,725 | €89,092 | +€35,367 | +65.8% |
| Taxes | 450/3 | €45,300 | €89,092 | +€43,792 | +96.7% |
| Remuneration and social security | 454/9 | €8,425 | - | -€8,425 | |
| Other amounts payable | 47/48 | €3,446 | €2,434 | -€1,012 | -29.4% |
| Accrued charges and deferred income | 492/3 | €500 | - | -€500 | |
| Non-recurring operating income | 76A | €10,120 | - | -€10,120 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €36,066 | €31,853 | -€4,214 | -11.7% |
| Other operating charges | 640/8 | €3,334 | €4,186 | +€852 | +25.5% |
| Non-recurring operating charges | 66A | - | €850 | +€850 | |
| Gross operating margin | 9900 | €275,660 | €401,034 | +€125,374 | +45.5% |
| Operating profit (loss) | 9901 | €236,260 | €364,145 | +€127,885 | +54.1% |
| Financial income | 75/76B | €2,592 | €3,741 | +€1,150 | +44.4% |
| Recurring financial income | 75 | €2,592 | €3,741 | +€1,150 | +44.4% |
| Financial charges | 65/66B | €234 | €185 | -€49 | -20.9% |
| Recurring financial charges | 65 | €234 | €185 | -€49 | -20.9% |
| Profit (loss) for the period before taxes | 9903 | €238,617 | €367,701 | +€129,084 | +54.1% |
| Income taxes | 67/77 | €80,635 | €114,616 | +€33,982 | +42.1% |
| Profit (loss) for the period | 9904 | €157,982 | €253,085 | +€95,102 | +60.2% |
| Profit (loss) for the period to be appropriated | 9905 | €157,982 | €253,085 | +€95,102 | +60.2% |
Source: filed annual accounts (NBB), financial years ended 31 December 2022 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 24 October 2026 via checked.be.