Fotakakis & Milon: 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.
Fotakakis & Milon
Largest movements
- Receivables within one year +€147,173
up €147,173 (+500%), from €29,419 to €176,591
of which Trade receivables: +€138,155
- Tangible fixed assets -€10,065
down €10,065 (-49.3%), from €20,427 to €10,363
of which Plant, machinery and equipment: -€7,794
- Cash +€5,822
up €5,822 (+43.7%), from €13,325 to €19,147
mainly Trade debts (+€143,220) and Net result for the year (+€10,695)
- Trade debts +€143,220
up €143,220 (+773%), from €18,529 to €161,749
- Profit (loss) carried forward +€10,369
no longer reported in 2024 (was -€10,369)
- Tax, wage and social debts -€7,260
down €7,260 (-73.1%), from €9,938 to €2,678
of which Taxes: -€7,303
- Debts after one year -€4,198
down €4,198 (-43.9%), from €9,572 to €5,374
- Gross operating margin +€25,106
up €25,106 (+1,119%), from €2,244 to €27,351
- Taxes +€3,429
up €3,429, from €0 to €3,429
- Staff costs +€1,908
new in 2024: €1,908
- Financial charges -€1,368
down €1,368 (-79.4%), from €1,724 to €356
- Other operating charges +€292
up €292 (+34.3%), from €851 to €1,143
From the 2023 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
Derived from the 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €65,348 | €207,299 | +€141,950 | +217% |
| Fixed assets | 21/28 | €21,327 | €11,468 | -€9,860 | -46.2% |
| Tangible fixed assets | 22/27 | €20,427 | €10,363 | -€10,065 | -49.3% |
| Plant, machinery and equipment | 23 | €15,490 | €7,696 | -€7,794 | -50.3% |
| Furniture and vehicles | 24 | €4,937 | €2,667 | -€2,270 | -46.0% |
| Financial fixed assets | 28 | €900 | €1,105 | +€205 | +22.8% |
| Current assets | 29/58 | €44,021 | €195,831 | +€151,810 | +345% |
| Amounts receivable within one year | 40/41 | €29,419 | €176,591 | +€147,173 | +500% |
| Trade receivables | 40 | €29,419 | €167,573 | +€138,155 | +470% |
| Other amounts receivable | 41 | €0 | €9,018 | +€9,018 | |
| Cash at bank and in hand | 54/58 | €13,325 | €19,147 | +€5,822 | +43.7% |
| Deferred charges and accrued income | 490/1 | €1,277 | €92 | -€1,185 | -92.8% |
| Total equity and liabilities | 10/49 | €65,348 | €207,299 | +€141,950 | +217% |
| Equity | 10/15 | €22,604 | €33,299 | +€10,695 | +47.3% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €29,973 | €30,299 | +€326 | +1.1% |
| Distributable reserves | 133 | €29,973 | €30,299 | +€326 | +1.1% |
| Profit (loss) carried forward | 14 | -€10,369 | - | +€10,369 | |
| Amounts payable | 17/49 | €42,745 | €174,000 | +€131,255 | +307% |
| Amounts payable after more than one year | 17 | €9,572 | €5,374 | -€4,198 | -43.9% |
| Financial debts | 170/4 | €9,572 | €5,374 | -€4,198 | -43.9% |
| Amounts payable within one year | 42/48 | €33,172 | €168,626 | +€135,453 | +408% |
| Current portion of amounts payable after more than one year | 42 | €3,973 | €4,198 | +€225 | +5.7% |
| Trade debts | 44 | €18,529 | €161,749 | +€143,220 | +773% |
| Suppliers | 440/4 | €18,529 | €161,749 | +€143,220 | +773% |
| Taxes, remuneration and social security | 45 | €9,938 | €2,678 | -€7,260 | -73.1% |
| Taxes | 450/3 | €9,938 | €2,635 | -€7,303 | -73.5% |
| Remuneration and social security | 454/9 | €0 | €43 | +€43 | |
| Other amounts payable | 47/48 | €732 | - | -€732 | |
| Remuneration, social security and pensions | 62 | - | €1,908 | +€1,908 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,045 | €10,045 | = | 0.0% |
| Other operating charges | 640/8 | €851 | €1,143 | +€292 | +34.3% |
| Non-recurring operating charges | 66A | - | €20 | +€20 | |
| Gross operating margin | 9900 | €2,244 | €27,351 | +€25,106 | +1,119% |
| Operating profit (loss) | 9901 | -€8,651 | €14,236 | +€22,887 | |
| Financial income | 75/76B | €6 | €245 | +€239 | +3,927% |
| Recurring financial income | 75 | €6 | €245 | +€239 | +3,927% |
| Financial charges | 65/66B | €1,724 | €356 | -€1,368 | -79.4% |
| Recurring financial charges | 65 | €1,724 | €356 | -€1,368 | -79.4% |
| Profit (loss) for the period before taxes | 9903 | -€10,369 | €14,125 | +€24,494 | |
| Income taxes | 67/77 | €0 | €3,429 | +€3,429 | |
| Profit (loss) for the period | 9904 | -€10,369 | €10,695 | +€21,065 | |
| Profit (loss) for the period to be appropriated | 9905 | -€10,369 | €10,695 | +€21,065 |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 31 October 2026 via checked.be.