Milhouse: 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.
Milhouse
Largest movements
- Receivables within one year +€2.8m
up €2.8m (+175.2%), from €1.6m to €4.5m
- Cash +€197,059
up €197,059 (+73.4%), from €268,462 to €465,521
mainly Net result for the year (+€3.9m) and Contributions, distributions and other (+€500,000)
- Financial fixed assets -€132,865
down €132,865 (-1.9%), from €6.9m to €6.7m
- Reserves +€3.9m
up €3.9m (+101.5%), from €3.8m to €7.7m
- Other debts -€1.6m
down €1.6m (-34.4%), from €4.7m to €3.1m
- Contributions +€500,000
up €500,000 (+100.0%), from €500,000 to €1.0m
- Financial income +€3.1m
up €3.1m (+302.5%), from €1.0m to €4.1m
- Other operating charges +€68,253
up €68,253 (+5035.3%), from €1,355 to €69,608
- Financial charges +€33,138
up €33,138 (+57.9%), from €57,241 to €90,378
of which Non-recurring financial charges: +€88,740
- Taxes -€6,829
down €6,829 (-100.0%), from €6,829 to €0
- Gross operating margin +€497
up €497 (+4.5%), from -€10,973 to -€10,476
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 | €9,062,134 | €11,831,775 | +€2.8m | +30.6% |
| Fixed assets | 21/28 | €6,872,219 | €6,739,354 | -€132,865 | -1.9% |
| Financial fixed assets | 28 | €6,872,219 | €6,739,354 | -€132,865 | -1.9% |
| Current assets | 29/58 | €2,189,915 | €5,092,421 | +€2.9m | +132.5% |
| Amounts receivable after more than one year | 29 | €245,668 | €155,334 | -€90,333 | -36.8% |
| Other amounts receivable | 291 | €245,668 | €155,334 | -€90,333 | -36.8% |
| Amounts receivable within one year | 40/41 | €1,616,908 | €4,450,081 | +€2.8m | +175.2% |
| Other amounts receivable | 41 | €1,616,908 | €4,450,081 | +€2.8m | +175.2% |
| Cash at bank and in hand | 54/58 | €268,462 | €465,521 | +€197,059 | +73.4% |
| Deferred charges and accrued income | 490/1 | €58,877 | €21,484 | -€37,393 | -63.5% |
| Total equity and liabilities | 10/49 | €9,062,134 | €11,831,775 | +€2.8m | +30.6% |
| Equity | 10/15 | €4,333,097 | €8,725,542 | +€4.4m | +101.4% |
| Contributions | 10/11 | €500,000 | €1,000,000 | +€500,000 | +100.0% |
| Reserves | 13 | €3,833,097 | €7,725,542 | +€3.9m | +101.5% |
| Distributable reserves | 133 | €3,833,097 | €7,725,542 | +€3.9m | +101.5% |
| Amounts payable | 17/49 | €4,729,037 | €3,106,234 | -€1.6m | -34.3% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €4,724,037 | €3,101,234 | -€1.6m | -34.4% |
| Trade debts | 44 | €1,624 | €4,894 | +€3,270 | +201.3% |
| Suppliers | 440/4 | €1,624 | €4,894 | +€3,270 | +201.3% |
| Other amounts payable | 47/48 | €4,722,413 | €3,096,340 | -€1.6m | -34.4% |
| Accrued charges and deferred income | 492/3 | €5,000 | €5,000 | = | 0.0% |
| Non-recurring operating income | 76A | - | €3,837 | +€3,837 | |
| Other operating charges | 640/8 | €1,355 | €69,608 | +€68,253 | +5035.3% |
| Gross operating margin | 9900 | -€10,973 | -€10,476 | +€497 | +4.5% |
| Operating profit (loss) | 9901 | -€12,329 | -€80,085 | -€67,756 | -549.6% |
| Financial income | 75/76B | €1,009,512 | €4,062,908 | +€3.1m | +302.5% |
| Recurring financial income | 75 | €1,009,512 | €4,062,908 | +€3.1m | +302.5% |
| Financial charges | 65/66B | €57,241 | €90,378 | +€33,138 | +57.9% |
| Recurring financial charges | 65 | €57,241 | €1,638 | -€55,602 | -97.1% |
| Non-recurring financial charges | 66B | - | €88,740 | +€88,740 | |
| Profit (loss) for the period before taxes | 9903 | €939,942 | €3,892,445 | +€3.0m | +314.1% |
| Income taxes | 67/77 | €6,829 | €0 | -€6,829 | -100.0% |
| Profit (loss) for the period | 9904 | €933,113 | €3,892,445 | +€3.0m | +317.1% |
| Profit (loss) for the period to be appropriated | 9905 | €933,113 | €3,892,445 | +€3.0m | +317.1% |
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.