MilkBE: what changed
Two fiscal 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.
MilkBE
Largest movements
- Current investments +€350,000
up €350,000 (+77.8%), from €450,000 to €800,000
- Cash -€305,457
down €305,457 (-62.3%), from €490,076 to €184,619
mainly Current investments (-€350,000) and Receivables within one year (-€74,741)
- Receivables within one year +€74,741
up €74,741 (+43.2%), from €172,978 to €247,719
of which Trade receivables: +€67,783
- Intangible fixed assets -€39,618
down €39,618 (-47.7%), from €83,128 to €43,511
- Trade debts +€89,485
up €89,485 (+145.9%), from €61,322 to €150,807
- Accrued charges and deferred income -€39,720
down €39,720 (-64.6%), from €61,445 to €21,725
- Profit (loss) carried forward +€27,040
up €27,040 (+12.2%), from €222,092 to €249,132
- Purchases and services +€115,168
up €115,168 (+24.4%), from €472,280 to €587,448
- Gross operating margin -€114,071
down €114,071 (-55.4%), from €206,057 to €91,985
- Depreciation +€9,741
up €9,741 (+15.8%), from €61,807 to €71,548
- Financial income +€6,349
up €6,349 (+195.9%), from €3,241 to €9,590
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 | €1,196,182 | €1,275,848 | +€79,666 | +6.7% |
| Fixed assets | 21/28 | €83,128 | €43,511 | -€39,618 | -47.7% |
| Intangible fixed assets | 21 | €83,128 | €43,511 | -€39,618 | -47.7% |
| Current assets | 29/58 | €1,113,054 | €1,232,337 | +€119,283 | +10.7% |
| Amounts receivable within one year | 40/41 | €172,978 | €247,719 | +€74,741 | +43.2% |
| Trade receivables | 40 | €165,409 | €233,192 | +€67,783 | +41.0% |
| Other amounts receivable | 41 | €7,569 | €14,527 | +€6,958 | +91.9% |
| Current investments | 50/53 | €450,000 | €800,000 | +€350,000 | +77.8% |
| Cash at bank and in hand | 54/58 | €490,076 | €184,619 | -€305,457 | -62.3% |
| Total equity and liabilities | 10/49 | €1,196,182 | €1,275,848 | +€79,666 | +6.7% |
| Equity | 10/15 | €1,073,416 | €1,103,316 | +€29,900 | +2.8% |
| Contributions | 10/11 | €53,572 | €53,572 | = | 0.0% |
| Capital | 10 | €53,572 | €53,572 | = | 0.0% |
| Reserves | 13 | €797,751 | €800,612 | +€2,861 | +0.4% |
| Profit (loss) carried forward | 14 | €222,092 | €249,132 | +€27,040 | +12.2% |
| Amounts payable | 17/49 | €122,767 | €172,532 | +€49,766 | +40.5% |
| Amounts payable within one year | 42/48 | €61,322 | €150,807 | +€89,485 | +145.9% |
| Trade debts | 44 | €61,322 | €150,807 | +€89,485 | +145.9% |
| Suppliers | 440/4 | €61,322 | €150,807 | +€89,485 | +145.9% |
| Accrued charges and deferred income | 492/3 | €61,445 | €21,725 | -€39,720 | -64.6% |
| Goods, raw materials, services and sundry goods | 60/61 | €472,280 | €587,448 | +€115,168 | +24.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €61,807 | €71,548 | +€9,741 | +15.8% |
| Gross operating margin | 9900 | €206,057 | €91,985 | -€114,071 | -55.4% |
| Operating profit (loss) | 9901 | €144,250 | €20,438 | -€123,812 | -85.8% |
| Financial income | 75/76B | €3,241 | €9,590 | +€6,349 | +195.9% |
| Recurring financial income | 75 | €3,241 | €9,590 | +€6,349 | +195.9% |
| Financial charges | 65/66B | €44 | €128 | +€84 | +193.3% |
| Recurring financial charges | 65 | €44 | €128 | +€84 | +193.3% |
| Profit (loss) for the period before taxes | 9903 | €147,447 | €29,900 | -€117,547 | -79.7% |
| Profit (loss) for the period | 9904 | €147,447 | €29,900 | -€117,547 | -79.7% |
| Profit (loss) for the period to be appropriated | 9905 | €147,447 | €29,900 | -€117,547 | -79.7% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.