Milk & Sugar: 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 & Sugar
Largest movements
- Receivables after one year -€181,500
down €181,500 (-100%), from €181,500 to €0
- Receivables within one year +€84,251
up €84,251 (+1,270%), from €6,635 to €90,886
- Profit (loss) carried forward -€175,121
down €175,121 (-100%), from €175,121 to €0
- Other debts +€49,000
up €49,000, from €0 to €49,000
- Reserves +€27,842
up €27,842 (+172%), from €16,140 to €43,982
- Other operating charges -€716
down €716 (-75.4%), from €950 to €234
- Financial income -€699
down €699 (-12.8%), from €5,445 to €4,746
- Gross operating margin -€188
down €188 (-8.3%), from -€2,254 to -€2,442
- Financial charges +€32
up €32 (+9.9%), from €317 to €349
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 | €193,147 | €94,956 | -€98,191 | -50.8% |
| Fixed assets | 21/28 | €3,900 | €3,900 | = | 0.0% |
| Financial fixed assets | 28 | €3,900 | €3,900 | = | 0.0% |
| Current assets | 29/58 | €189,247 | €91,056 | -€98,191 | -51.9% |
| Amounts receivable after more than one year | 29 | €181,500 | €0 | -€181,500 | -100% |
| Other amounts receivable | 291 | €181,500 | €0 | -€181,500 | -100% |
| Amounts receivable within one year | 40/41 | €6,635 | €90,886 | +€84,251 | +1,270% |
| Other amounts receivable | 41 | €6,635 | €90,886 | +€84,251 | +1,270% |
| Cash at bank and in hand | 54/58 | €1,112 | €170 | -€942 | -84.7% |
| Total equity and liabilities | 10/49 | €193,147 | €94,956 | -€98,191 | -50.8% |
| Equity | 10/15 | €193,061 | €45,782 | -€147,279 | -76.3% |
| Contributions | 10/11 | €1,800 | €1,800 | = | 0.0% |
| Reserves | 13 | €16,140 | €43,982 | +€27,842 | +172% |
| Distributable reserves | 133 | €16,140 | €43,982 | +€27,842 | +172% |
| Profit (loss) carried forward | 14 | €175,121 | €0 | -€175,121 | -100% |
| Amounts payable | 17/49 | €86 | €49,174 | +€49,088 | +57,166% |
| Amounts payable within one year | 42/48 | €86 | €49,174 | +€49,088 | +57,166% |
| Trade debts | 44 | €86 | €174 | +€88 | +103% |
| Suppliers | 440/4 | €86 | €174 | +€88 | +103% |
| Other amounts payable | 47/48 | €0 | €49,000 | +€49,000 | |
| Other operating charges | 640/8 | €950 | €234 | -€716 | -75.4% |
| Gross operating margin | 9900 | -€2,254 | -€2,442 | -€188 | -8.3% |
| Operating profit (loss) | 9901 | -€3,205 | -€2,676 | +€529 | +16.5% |
| Financial income | 75/76B | €5,445 | €4,746 | -€699 | -12.8% |
| Recurring financial income | 75 | €5,445 | €4,746 | -€699 | -12.8% |
| Financial charges | 65/66B | €317 | €349 | +€32 | +9.9% |
| Recurring financial charges | 65 | €317 | €349 | +€32 | +9.9% |
| Profit (loss) for the period before taxes | 9903 | €1,923 | €1,721 | -€202 | -10.5% |
| Profit (loss) for the period | 9904 | €1,923 | €1,721 | -€202 | -10.5% |
| Profit (loss) for the period to be appropriated | 9905 | €1,923 | €1,721 | -€202 | -10.5% |
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 28 October 2026 via checked.be.