MIL_ANNA: 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.
MIL_ANNA
Largest movements
- Receivables within one year +€52,349
up €52,349 (+738%), from €7,092 to €59,441
of which Trade receivables: +€29,844
- Tangible fixed assets -€2,712
down €2,712 (-67.6%), from €4,010 to €1,299
- Trade debts +€41,403
up €41,403 (+1,124%), from €3,684 to €45,087
- Profit (loss) carried forward +€7,850
up €7,850, from -€1,395 to €6,455
- Tax, wage and social debts +€749
up €749 (+28.1%), from €2,662 to €3,411
- Gross operating margin +€3,535
up €3,535 (+45.3%), from €7,812 to €11,348
- Taxes +€2,125
new in 2025: €2,125
- Depreciation -€251
down €251 (-16.9%), from €1,481 to €1,231
- Financial charges -€132
down €132 (-46.3%), from €286 to €154
From the 2023 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
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 | 2023 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €11,151 | €61,153 | +€50,002 | +448% |
| Fixed assets | 21/28 | €4,010 | €1,299 | -€2,712 | -67.6% |
| Tangible fixed assets | 22/27 | €4,010 | €1,299 | -€2,712 | -67.6% |
| Furniture and vehicles | 24 | €4,010 | €1,299 | -€2,712 | -67.6% |
| Current assets | 29/58 | €7,141 | €59,854 | +€52,714 | +738% |
| Amounts receivable within one year | 40/41 | €7,092 | €59,441 | +€52,349 | +738% |
| Trade receivables | 40 | €4,480 | €34,324 | +€29,844 | +666% |
| Other amounts receivable | 41 | €2,612 | €25,117 | +€22,505 | +862% |
| Cash at bank and in hand | 54/58 | €9 | €413 | +€404 | +4,359% |
| Deferred charges and accrued income | 490/1 | €39 | - | -€39 | |
| Total equity and liabilities | 10/49 | €11,151 | €61,153 | +€50,002 | +448% |
| Equity | 10/15 | €4,805 | €12,655 | +€7,850 | +163% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€1,395 | €6,455 | +€7,850 | |
| Amounts payable | 17/49 | €6,346 | €48,498 | +€42,153 | +664% |
| Amounts payable within one year | 42/48 | €6,346 | €48,498 | +€42,153 | +664% |
| Trade debts | 44 | €3,684 | €45,087 | +€41,403 | +1,124% |
| Suppliers | 440/4 | €3,684 | €45,087 | +€41,403 | +1,124% |
| Taxes, remuneration and social security | 45 | €2,662 | €3,411 | +€749 | +28.1% |
| Taxes | 450/3 | €2,662 | €3,411 | +€749 | +28.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,481 | €1,231 | -€251 | -16.9% |
| Other operating charges | 640/8 | €468 | €374 | -€94 | -20.2% |
| Gross operating margin | 9900 | €7,812 | €11,348 | +€3,535 | +45.3% |
| Operating profit (loss) | 9901 | €5,863 | €9,743 | +€3,880 | +66.2% |
| Financial charges | 65/66B | €286 | €154 | -€132 | -46.3% |
| Recurring financial charges | 65 | €286 | €154 | -€132 | -46.3% |
| Profit (loss) for the period before taxes | 9903 | €5,577 | €9,590 | +€4,013 | +72.0% |
| Income taxes | 67/77 | - | €2,125 | +€2,125 | |
| Profit (loss) for the period | 9904 | €5,577 | €7,465 | +€1,888 | +33.9% |
| Profit (loss) for the period to be appropriated | 9905 | €5,577 | €7,465 | +€1,888 | +33.9% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 22 October 2026 via checked.be.