MILLBECK: 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.
MILLBECK
Largest movements
- Receivables within one year +€11,442
up €11,442 (+54.5%), from €21,000 to €32,442
of which Trade receivables: +€11,216
- Cash +€10,715
up €10,715 (+1,578%), from €679 to €11,394
mainly Net result for the year (+€10,267) and Accrued charges and deferred income (+€9,302)
- Tangible fixed assets -€2,797
down €2,797 (-45.0%), from €6,221 to €3,424
of which Furniture and vehicles: -€2,022
- Profit (loss) carried forward +€10,267
up €10,267, from -€4,137 to €6,130
- Accrued charges and deferred income +€9,302
up €9,302 (+70.5%), from €13,196 to €22,498
- Gross operating margin +€44,727
up €44,727, from -€28,631 to €16,096
- Depreciation -€1,121
down €1,121 (-23.8%), from €4,719 to €3,598
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 | €30,708 | €49,989 | +€19,280 | +62.8% |
| Fixed assets | 21/28 | €8,826 | €6,029 | -€2,797 | -31.7% |
| Tangible fixed assets | 22/27 | €6,221 | €3,424 | -€2,797 | -45.0% |
| Furniture and vehicles | 24 | €4,786 | €2,764 | -€2,022 | -42.3% |
| Other tangible fixed assets | 26 | €1,435 | €660 | -€775 | -54.0% |
| Financial fixed assets | 28 | €2,605 | €2,605 | = | 0.0% |
| Current assets | 29/58 | €21,882 | €43,960 | +€22,077 | +101% |
| Amounts receivable within one year | 40/41 | €21,000 | €32,442 | +€11,442 | +54.5% |
| Trade receivables | 40 | €20,485 | €31,701 | +€11,216 | +54.8% |
| Other amounts receivable | 41 | €515 | €742 | +€226 | +43.9% |
| Cash at bank and in hand | 54/58 | €679 | €11,394 | +€10,715 | +1,578% |
| Deferred charges and accrued income | 490/1 | €203 | €123 | -€80 | -39.5% |
| Total equity and liabilities | 10/49 | €30,708 | €49,989 | +€19,280 | +62.8% |
| Equity | 10/15 | €8,823 | €19,090 | +€10,267 | +116% |
| Contributions | 10/11 | €11,100 | €11,100 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 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% |
| Profit (loss) carried forward | 14 | -€4,137 | €6,130 | +€10,267 | |
| Amounts payable | 17/49 | €21,886 | €30,899 | +€9,013 | +41.2% |
| Amounts payable within one year | 42/48 | €8,690 | €8,401 | -€289 | -3.3% |
| Financial debts | 43 | €7,672 | €7,672 | = | 0.0% |
| Credit institutions | 430/8 | €7,672 | €7,672 | = | 0.0% |
| Trade debts | 44 | €737 | €435 | -€302 | -41.0% |
| Suppliers | 440/4 | €737 | €435 | -€302 | -41.0% |
| Taxes, remuneration and social security | 45 | €281 | €294 | +€13 | +4.8% |
| Taxes | 450/3 | €281 | €294 | +€13 | +4.8% |
| Accrued charges and deferred income | 492/3 | €13,196 | €22,498 | +€9,302 | +70.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,719 | €3,598 | -€1,121 | -23.8% |
| Other operating charges | 640/8 | €72 | €170 | +€99 | +138% |
| Gross operating margin | 9900 | -€28,631 | €16,096 | +€44,727 | |
| Operating profit (loss) | 9901 | -€33,421 | €12,328 | +€45,749 | |
| Financial income | 75/76B | €81 | €0 | -€81 | -100.0% |
| Recurring financial income | 75 | €81 | €0 | -€81 | -100.0% |
| Financial charges | 65/66B | €1,545 | €1,768 | +€224 | +14.5% |
| Recurring financial charges | 65 | €1,545 | €1,768 | +€224 | +14.5% |
| Profit (loss) for the period before taxes | 9903 | -€34,885 | €10,559 | +€45,444 | |
| Income taxes | 67/77 | €305 | €292 | -€13 | -4.3% |
| Profit (loss) for the period | 9904 | -€35,190 | €10,267 | +€45,457 | |
| Profit (loss) for the period to be appropriated | 9905 | -€35,190 | €10,267 | +€45,457 |
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 13 October 2026 via checked.be.