LE MILLESIME: 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.
LE MILLESIME
Largest movements
- Cash +€28,149
up €28,149 (+42.0%), from €66,949 to €95,098
mainly Net result for the year (+€70,138) and Depreciation (+€16,472)
- Reserves +€70,000
up €70,000 (+82.4%), from €85,000 to €155,000
- Other debts -€32,522
down €32,522 (-20.3%), from €160,107 to €127,584
- Current portion of long-term debt -€23,430
down €23,430 (-75.1%), from €31,193 to €7,763
- Trade debts +€12,795
up €12,795 (+14.7%), from €86,997 to €99,792
- Tax, wage and social debts +€11,772
up €11,772 (+29.7%), from €39,677 to €51,448
of which Taxes: +€14,520
- Financial charges -€39,712
down €39,712 (-94.3%), from €42,126 to €2,413
- Taxes +€11,877
up €11,877 (+78.6%), from €15,107 to €26,984
- Gross operating margin +€6,231
up €6,231 (+3.8%), from €162,558 to €168,789
- Staff costs +€3,834
up €3,834 (+8.3%), from €46,281 to €50,114
- Depreciation +€1,793
up €1,793 (+12.2%), from €14,679 to €16,472
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.
Derived cash bridge
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 | €632,567 | €658,557 | +€25,989 | +4.1% |
| Fixed assets | 21/28 | €50,477 | €52,769 | +€2,292 | +4.5% |
| Tangible fixed assets | 22/27 | €47,330 | €49,622 | +€2,292 | +4.8% |
| Plant, machinery and equipment | 23 | - | €2,235 | +€2,235 | |
| Furniture and vehicles | 24 | €23,640 | €19,067 | -€4,573 | -19.3% |
| Other tangible fixed assets | 26 | €23,690 | €28,321 | +€4,631 | +19.5% |
| Financial fixed assets | 28 | €3,147 | €3,147 | = | 0.0% |
| Current assets | 29/58 | €582,091 | €605,788 | +€23,697 | +4.1% |
| Stocks and contracts in progress | 3 | €396,488 | €393,789 | -€2,698 | -0.7% |
| Stocks | 30/36 | €396,488 | €393,789 | -€2,698 | -0.7% |
| Amounts receivable within one year | 40/41 | €115,625 | €114,346 | -€1,279 | -1.1% |
| Trade receivables | 40 | €115,418 | €112,502 | -€2,916 | -2.5% |
| Other amounts receivable | 41 | €207 | €1,844 | +€1,637 | +793% |
| Cash at bank and in hand | 54/58 | €66,949 | €95,098 | +€28,149 | +42.0% |
| Deferred charges and accrued income | 490/1 | €3,029 | €2,555 | -€475 | -15.7% |
| Total equity and liabilities | 10/49 | €632,567 | €658,557 | +€25,989 | +4.1% |
| Equity | 10/15 | €296,522 | €366,661 | +€70,138 | +23.7% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €85,000 | €155,000 | +€70,000 | +82.4% |
| Distributable reserves | 133 | €85,000 | €155,000 | +€70,000 | +82.4% |
| Profit (loss) carried forward | 14 | €191,522 | €191,661 | +€138 | +0.1% |
| Amounts payable | 17/49 | €336,045 | €291,896 | -€44,149 | -13.1% |
| Amounts payable after more than one year | 17 | €13,072 | €5,309 | -€7,763 | -59.4% |
| Financial debts | 170/4 | €13,072 | €5,309 | -€7,763 | -59.4% |
| Amounts payable within one year | 42/48 | €322,973 | €286,587 | -€36,386 | -11.3% |
| Current portion of amounts payable after more than one year | 42 | €31,193 | €7,763 | -€23,430 | -75.1% |
| Financial debts | 43 | €5,000 | €0 | -€5,000 | -100% |
| Credit institutions | 430/8 | €5,000 | €0 | -€5,000 | -100% |
| Trade debts | 44 | €86,997 | €99,792 | +€12,795 | +14.7% |
| Suppliers | 440/4 | €86,997 | €99,792 | +€12,795 | +14.7% |
| Taxes, remuneration and social security | 45 | €39,677 | €51,448 | +€11,772 | +29.7% |
| Taxes | 450/3 | €36,929 | €51,448 | +€14,520 | +39.3% |
| Remuneration and social security | 454/9 | €2,748 | €0 | -€2,748 | -100% |
| Other amounts payable | 47/48 | €160,107 | €127,584 | -€32,522 | -20.3% |
| Remuneration, social security and pensions | 62 | €46,281 | €50,114 | +€3,834 | +8.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,679 | €16,472 | +€1,793 | +12.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €2,591 | €1,513 | -€1,079 | -41.6% |
| Other operating charges | 640/8 | €2,669 | €2,382 | -€287 | -10.7% |
| Gross operating margin | 9900 | €162,558 | €168,789 | +€6,231 | +3.8% |
| Operating profit (loss) | 9901 | €96,338 | €98,307 | +€1,969 | +2.0% |
| Financial income | 75/76B | €1,342 | €1,228 | -€113 | -8.5% |
| Recurring financial income | 75 | €1,342 | €1,228 | -€113 | -8.5% |
| Non-recurring financial income | 76B | €0 | - | = | |
| Financial charges | 65/66B | €42,126 | €2,413 | -€39,712 | -94.3% |
| Recurring financial charges | 65 | €42,126 | €2,413 | -€39,712 | -94.3% |
| Profit (loss) for the period before taxes | 9903 | €55,554 | €97,122 | +€41,568 | +74.8% |
| Income taxes | 67/77 | €15,107 | €26,984 | +€11,877 | +78.6% |
| Profit (loss) for the period | 9904 | €40,448 | €70,138 | +€29,691 | +73.4% |
| Profit (loss) for the period to be appropriated | 9905 | €40,448 | €70,138 | +€29,691 | +73.4% |
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 17 October 2026 via checked.be.