MILLCO: 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.
MILLCO
Largest movements
- Receivables within one year -€47,036
down €47,036 (-43.6%), from €107,830 to €60,794
of which Trade receivables: -€45,459
- Deferred charges and accrued income +€3,813
up €3,813 (+327.1%), from €1,166 to €4,979
- Advances received -€45,287
no longer reported in 2025 (was €45,287)
- Reserves -€38,919
down €38,919 (-76.1%), from €51,150 to €12,231
- Other debts +€38,919
new in 2025: €38,919
- Trade debts -€9,979
down €9,979 (-35.9%), from €27,827 to €17,848
- Debts after one year +€6,203
new in 2025: €6,203
- Gross operating margin -€20,011
down €20,011 (-96.1%), from €20,819 to €808
- Taxes -€4,814
down €4,814 (-81.5%), from €5,910 to €1,096
- Financial income +€4,253
up €4,253 (+375.7%), from €1,132 to €5,385
- Other operating charges -€2,236
down €2,236 (-67.9%), from €3,292 to €1,056
- Financial charges -€869
down €869 (-27.3%), from €3,185 to €2,316
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 | €149,964 | €105,781 | -€44,183 | -29.5% |
| Current assets | 29/58 | €149,964 | €105,781 | -€44,183 | -29.5% |
| Amounts receivable after more than one year | 29 | €40,000 | €40,000 | = | 0.0% |
| Other amounts receivable | 291 | €40,000 | €40,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €107,830 | €60,794 | -€47,036 | -43.6% |
| Trade receivables | 40 | €62,811 | €17,352 | -€45,459 | -72.4% |
| Other amounts receivable | 41 | €45,018 | €43,442 | -€1,576 | -3.5% |
| Cash at bank and in hand | 54/58 | €968 | €8 | -€961 | -99.2% |
| Deferred charges and accrued income | 490/1 | €1,166 | €4,979 | +€3,813 | +327.1% |
| Total equity and liabilities | 10/49 | €149,964 | €105,781 | -€44,183 | -29.5% |
| Equity | 10/15 | €54,650 | €17,456 | -€37,194 | -68.1% |
| Contributions | 10/11 | €3,500 | €3,500 | = | 0.0% |
| Reserves | 13 | €51,150 | €12,231 | -€38,919 | -76.1% |
| Distributable reserves | 133 | €51,150 | €12,231 | -€38,919 | -76.1% |
| Profit (loss) carried forward | 14 | - | €1,726 | +€1,726 | |
| Amounts payable | 17/49 | €95,314 | €88,324 | -€6,990 | -7.3% |
| Amounts payable after more than one year | 17 | - | €6,203 | +€6,203 | |
| Financial debts | 170/4 | - | €6,203 | +€6,203 | |
| Amounts payable within one year | 42/48 | €95,024 | €82,121 | -€12,903 | -13.6% |
| Current portion of amounts payable after more than one year | 42 | €1,497 | €3,908 | +€2,411 | +161.1% |
| Trade debts | 44 | €27,827 | €17,848 | -€9,979 | -35.9% |
| Suppliers | 440/4 | €27,827 | €17,848 | -€9,979 | -35.9% |
| Advances received on contracts in progress | 46 | €45,287 | - | -€45,287 | |
| Taxes, remuneration and social security | 45 | €20,412 | €21,446 | +€1,033 | +5.1% |
| Taxes | 450/3 | €20,412 | €21,446 | +€1,033 | +5.1% |
| Other amounts payable | 47/48 | - | €38,919 | +€38,919 | |
| Accrued charges and deferred income | 492/3 | €290 | - | -€290 | |
| Other operating charges | 640/8 | €3,292 | €1,056 | -€2,236 | -67.9% |
| Gross operating margin | 9900 | €20,819 | €808 | -€20,011 | -96.1% |
| Operating profit (loss) | 9901 | €17,527 | -€248 | -€17,775 | |
| Financial income | 75/76B | €1,132 | €5,385 | +€4,253 | +375.7% |
| Recurring financial income | 75 | €1,132 | €5,385 | +€4,253 | +375.7% |
| Financial charges | 65/66B | €3,185 | €2,316 | -€869 | -27.3% |
| Recurring financial charges | 65 | €3,185 | €2,316 | -€869 | -27.3% |
| Profit (loss) for the period before taxes | 9903 | €15,474 | €2,822 | -€12,652 | -81.8% |
| Income taxes | 67/77 | €5,910 | €1,096 | -€4,814 | -81.5% |
| Profit (loss) for the period | 9904 | €9,564 | €1,726 | -€7,838 | -82.0% |
| Profit (loss) for the period to be appropriated | 9905 | €9,564 | €1,726 | -€7,838 | -82.0% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.