Milk Bar: 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.
Milk Bar
Largest movements
- Stocks and contracts +€24,309
up €24,309 (+26.1%), from €93,003 to €117,312
- Cash +€9,604
up €9,604 (+34.8%), from €27,615 to €37,220
mainly Advances received (+€27,458) and Trade debts (+€18,447)
- Intangible fixed assets +€6,189
new in 2025: €6,189
- Deferred charges and accrued income +€4,036
new in 2025: €4,036
- Advances received +€27,458
new in 2025: €27,458
- Trade debts +€18,447
up €18,447 (+60.5%), from €30,473 to €48,921
- Reserves +€4,233
up €4,233 (+42.1%), from €10,048 to €14,281
- Current portion of long-term debt -€3,925
no longer reported in 2025 (was €3,925)
- Tax, wage and social debts -€2,042
down €2,042 (-17.5%), from €11,680 to €9,637
of which Taxes: -€9,227
- Staff costs +€26,726
up €26,726 (+1,795%), from €1,489 to €28,215
- Gross operating margin +€24,316
up €24,316 (+219%), from €11,102 to €35,418
- Depreciation +€665
up €665 (+109%), from €612 to €1,276
- Taxes -€618
down €618 (-30.6%), from €2,021 to €1,403
- Financial income +€400
up €400 (+428%), from €93 to €493
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 | €124,420 | €168,191 | +€43,770 | +35.2% |
| Fixed assets | 21/28 | €3,802 | €9,506 | +€5,703 | +150% |
| Intangible fixed assets | 21 | - | €6,189 | +€6,189 | |
| Tangible fixed assets | 22/27 | €3,802 | €3,317 | -€485 | -12.8% |
| Plant, machinery and equipment | 23 | €2,976 | €2,292 | -€684 | -23.0% |
| Furniture and vehicles | 24 | €826 | €1,025 | +€198 | +24.0% |
| Current assets | 29/58 | €120,618 | €158,685 | +€38,067 | +31.6% |
| Stocks and contracts in progress | 3 | €93,003 | €117,312 | +€24,309 | +26.1% |
| Stocks | 30/36 | €93,003 | €117,312 | +€24,309 | +26.1% |
| Amounts receivable within one year | 40/41 | - | €117 | +€117 | |
| Trade receivables | 40 | - | €0 | = | |
| Other amounts receivable | 41 | - | €117 | +€117 | |
| Cash at bank and in hand | 54/58 | €27,615 | €37,220 | +€9,604 | +34.8% |
| Deferred charges and accrued income | 490/1 | - | €4,036 | +€4,036 | |
| Total equity and liabilities | 10/49 | €124,420 | €168,191 | +€43,770 | +35.2% |
| Equity | 10/15 | €10,648 | €14,881 | +€4,233 | +39.8% |
| Contributions | 10/11 | €600 | €600 | = | 0.0% |
| Reserves | 13 | €10,048 | €14,281 | +€4,233 | +42.1% |
| Distributable reserves | 133 | €10,048 | €14,281 | +€4,233 | +42.1% |
| Amounts payable | 17/49 | €113,773 | €153,310 | +€39,537 | +34.8% |
| Amounts payable after more than one year | 17 | €28,312 | €28,312 | = | 0.0% |
| Financial debts | 170/4 | €28,312 | €28,312 | = | 0.0% |
| Amounts payable within one year | 42/48 | €85,460 | €124,998 | +€39,537 | +46.3% |
| Current portion of amounts payable after more than one year | 42 | €3,925 | - | -€3,925 | |
| Trade debts | 44 | €30,473 | €48,921 | +€18,447 | +60.5% |
| Suppliers | 440/4 | €30,473 | €48,921 | +€18,447 | +60.5% |
| Advances received on contracts in progress | 46 | - | €27,458 | +€27,458 | |
| Taxes, remuneration and social security | 45 | €11,680 | €9,637 | -€2,042 | -17.5% |
| Taxes | 450/3 | €10,592 | €1,365 | -€9,227 | -87.1% |
| Remuneration and social security | 454/9 | €1,088 | €8,272 | +€7,185 | +660% |
| Other amounts payable | 47/48 | €39,382 | €38,982 | -€400 | -1.0% |
| Remuneration, social security and pensions | 62 | €1,489 | €28,215 | +€26,726 | +1,795% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €612 | €1,276 | +€665 | +109% |
| Other operating charges | 640/8 | €236 | €240 | +€4 | +1.7% |
| Gross operating margin | 9900 | €11,102 | €35,418 | +€24,316 | +219% |
| Operating profit (loss) | 9901 | €8,765 | €5,686 | -€3,079 | -35.1% |
| Financial income | 75/76B | €93 | €493 | +€400 | +428% |
| Recurring financial income | 75 | €93 | €493 | +€400 | +428% |
| Financial charges | 65/66B | €446 | €543 | +€97 | +21.7% |
| Recurring financial charges | 65 | €446 | €543 | +€97 | +21.7% |
| Profit (loss) for the period before taxes | 9903 | €8,412 | €5,636 | -€2,776 | -33.0% |
| Income taxes | 67/77 | €2,021 | €1,403 | -€618 | -30.6% |
| Profit (loss) for the period | 9904 | €6,391 | €4,233 | -€2,158 | -33.8% |
| Profit (loss) for the period to be appropriated | 9905 | €6,391 | €4,233 | -€2,158 | -33.8% |
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 26 October 2026 via checked.be.