MILLARD PH. SPRL: 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.
MILLARD PH. SPRL
Largest movements
- Tangible fixed assets -€173,616
down €173,616 (-77.5%), from €224,161 to €50,545
of which Leasing and similar rights: -€171,603
- Receivables within one year +€131,680
up €131,680 (+37.8%), from €348,585 to €480,265
of which Trade receivables: +€158,734
- Deferred charges and accrued income +€18,297
up €18,297 (+101%), from €18,205 to €36,503
- Cash +€7,352
up €7,352 (+88.3%), from €8,326 to €15,678
mainly Depreciation (+€161,385) and Trade debts (+€37,120)
- Current portion of long-term debt -€67,240
down €67,240 (-100%), from €67,240 to €0
- Trade debts +€37,120
up €37,120 (+18.9%), from €195,932 to €233,052
- Other debts -€31,851
down €31,851 (-83.5%), from €38,130 to €6,278
- Short-term financial debts +€27,646
up €27,646, from €0 to €27,646
- Profit (loss) carried forward +€12,396
up €12,396 (+71.1%), from €17,441 to €29,837
- Depreciation +€161,385
new in 2023: €161,385
- Gross operating margin +€94,564
up €94,564 (+67.6%), from €139,970 to €234,534
- Purchases and services -€24,679
down €24,679 (-9.3%), from €266,228 to €241,549
- Staff costs -€11,974
down €11,974 (-19.4%), from €61,631 to €49,657
From the 2022 result to the 2023 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 2022 and 2023 balance sheets and the 2023 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2022 | 2023 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €600,343 | €584,057 | -€16,286 | -2.7% |
| Fixed assets | 21/28 | €225,227 | €51,611 | -€173,616 | -77.1% |
| Tangible fixed assets | 22/27 | €224,161 | €50,545 | -€173,616 | -77.5% |
| Land and buildings | 22 | €0 | €0 | = | |
| Plant, machinery and equipment | 23 | €6,790 | €2,815 | -€3,975 | -58.5% |
| Furniture and vehicles | 24 | €1,199 | €3,162 | +€1,963 | +164% |
| Leasing and similar rights | 25 | €216,171 | €44,568 | -€171,603 | -79.4% |
| Financial fixed assets | 28 | €1,066 | €1,066 | = | 0.0% |
| Current assets | 29/58 | €375,116 | €532,446 | +€157,330 | +41.9% |
| Amounts receivable within one year | 40/41 | €348,585 | €480,265 | +€131,680 | +37.8% |
| Trade receivables | 40 | €295,048 | €453,782 | +€158,734 | +53.8% |
| Other amounts receivable | 41 | €53,537 | €26,483 | -€27,054 | -50.5% |
| Cash at bank and in hand | 54/58 | €8,326 | €15,678 | +€7,352 | +88.3% |
| Deferred charges and accrued income | 490/1 | €18,205 | €36,503 | +€18,297 | +101% |
| Total equity and liabilities | 10/49 | €600,343 | €584,057 | -€16,286 | -2.7% |
| Equity | 10/15 | €104,609 | €117,005 | +€12,396 | +11.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €68,568 | €68,568 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €66,708 | €66,708 | = | 0.0% |
| Profit (loss) carried forward | 14 | €17,441 | €29,837 | +€12,396 | +71.1% |
| Amounts payable | 17/49 | €495,734 | €467,052 | -€28,682 | -5.8% |
| Amounts payable after more than one year | 17 | €118,374 | €118,374 | = | 0.0% |
| Financial debts | 170/4 | €118,374 | €118,374 | = | 0.0% |
| Amounts payable within one year | 42/48 | €373,760 | €345,078 | -€28,682 | -7.7% |
| Current portion of amounts payable after more than one year | 42 | €67,240 | €0 | -€67,240 | -100% |
| Financial debts | 43 | €0 | €27,646 | +€27,646 | |
| Credit institutions | 430/8 | €0 | €27,646 | +€27,646 | |
| Trade debts | 44 | €195,932 | €233,052 | +€37,120 | +18.9% |
| Suppliers | 440/4 | €195,932 | €233,052 | +€37,120 | +18.9% |
| Taxes, remuneration and social security | 45 | €72,458 | €78,101 | +€5,644 | +7.8% |
| Taxes | 450/3 | €21,131 | €17,110 | -€4,021 | -19.0% |
| Remuneration and social security | 454/9 | €51,327 | €60,991 | +€9,664 | +18.8% |
| Other amounts payable | 47/48 | €38,130 | €6,278 | -€31,851 | -83.5% |
| Accrued charges and deferred income | 492/3 | €3,600 | €3,600 | = | 0.0% |
| Non-recurring operating income | 76A | €1,357 | - | -€1,357 | |
| Goods, raw materials, services and sundry goods | 60/61 | €266,228 | €241,549 | -€24,679 | -9.3% |
| Remuneration, social security and pensions | 62 | €61,631 | €49,657 | -€11,974 | -19.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €161,385 | +€161,385 | |
| Other operating charges | 640/8 | €2,090 | €1,347 | -€743 | -35.6% |
| Gross operating margin | 9900 | €139,970 | €234,534 | +€94,564 | +67.6% |
| Operating profit (loss) | 9901 | €76,249 | €22,146 | -€54,103 | -71.0% |
| Financial charges | 65/66B | €10,019 | €8,160 | -€1,859 | -18.6% |
| Recurring financial charges | 65 | €10,019 | €8,160 | -€1,859 | -18.6% |
| Profit (loss) for the period before taxes | 9903 | €66,231 | €13,987 | -€52,244 | -78.9% |
| Income taxes | 67/77 | - | €1,591 | +€1,591 | |
| Profit (loss) for the period | 9904 | €66,231 | €12,396 | -€53,835 | -81.3% |
| Profit (loss) for the period to be appropriated | 9905 | €66,231 | €12,396 | -€53,835 | -81.3% |
Source: filed annual accounts (NBB), financial years ended 31 December 2022 and 31 December 2023. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 16 October 2026 via checked.be.