MILLCOM: 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.
MILLCOM
Largest movements
- Current investments +€100,615
up €100,615 (+250.4%), from €40,180 to €140,795
- Cash -€30,727
down €30,727 (-16.4%), from €187,292 to €156,565
mainly Current investments (-€100,615) and Investment in fixed assets (net) (-€6,399)
- Tangible fixed assets -€19,517
down €19,517 (-6.1%), from €317,893 to €298,375
- Reserves +€36,562
up €36,562 (+8.9%), from €408,825 to €445,387
- Other debts +€8,221
up €8,221 (+7.2%), from €114,581 to €122,802
- Gross operating margin +€8,137
up €8,137 (+10.2%), from €79,631 to €87,768
- Financial charges -€3,044
down €3,044 (-26.9%), from €11,324 to €8,281
- Taxes +€2,208
up €2,208 (+21.7%), from €10,170 to €12,378
- Depreciation +€1,268
up €1,268 (+5.1%), from €24,648 to €25,917
- Financial income -€963
down €963 (-27.0%), from €3,567 to €2,604
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 | €548,601 | €602,855 | +€54,253 | +9.9% |
| Fixed assets | 21/28 | €317,893 | €298,375 | -€19,517 | -6.1% |
| Tangible fixed assets | 22/27 | €317,893 | €298,375 | -€19,517 | -6.1% |
| Land and buildings | 22 | €317,893 | €298,375 | -€19,517 | -6.1% |
| Current assets | 29/58 | €230,709 | €304,479 | +€73,771 | +32.0% |
| Amounts receivable within one year | 40/41 | €2,900 | €4,778 | +€1,878 | +64.7% |
| Trade receivables | 40 | - | €1,878 | +€1,878 | |
| Other amounts receivable | 41 | €2,900 | €2,900 | = | 0.0% |
| Current investments | 50/53 | €40,180 | €140,795 | +€100,615 | +250.4% |
| Cash at bank and in hand | 54/58 | €187,292 | €156,565 | -€30,727 | -16.4% |
| Deferred charges and accrued income | 490/1 | €336 | €2,341 | +€2,005 | +596.2% |
| Total equity and liabilities | 10/49 | €548,601 | €602,855 | +€54,253 | +9.9% |
| Equity | 10/15 | €432,965 | €469,526 | +€36,562 | +8.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Revaluation surpluses | 12 | €5,540 | €5,540 | = | 0.0% |
| Reserves | 13 | €408,825 | €445,387 | +€36,562 | +8.9% |
| Distributable reserves | 133 | €408,825 | €445,387 | +€36,562 | +8.9% |
| Amounts payable | 17/49 | €115,637 | €133,328 | +€17,692 | +15.3% |
| Amounts payable within one year | 42/48 | €114,707 | €131,617 | +€16,910 | +14.7% |
| Trade debts | 44 | €126 | €4,219 | +€4,093 | +3248.2% |
| Suppliers | 440/4 | €126 | €4,219 | +€4,093 | +3248.2% |
| Taxes, remuneration and social security | 45 | - | €4,597 | +€4,597 | |
| Taxes | 450/3 | - | €4,597 | +€4,597 | |
| Other amounts payable | 47/48 | €114,581 | €122,802 | +€8,221 | +7.2% |
| Accrued charges and deferred income | 492/3 | €930 | €1,711 | +€781 | +84.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €24,648 | €25,917 | +€1,268 | +5.1% |
| Other operating charges | 640/8 | €7,017 | €7,235 | +€218 | +3.1% |
| Gross operating margin | 9900 | €79,631 | €87,768 | +€8,137 | +10.2% |
| Operating profit (loss) | 9901 | €47,967 | €54,617 | +€6,650 | +13.9% |
| Financial income | 75/76B | €3,567 | €2,604 | -€963 | -27.0% |
| Recurring financial income | 75 | €3,567 | €2,604 | -€963 | -27.0% |
| Financial charges | 65/66B | €11,324 | €8,281 | -€3,044 | -26.9% |
| Recurring financial charges | 65 | €11,324 | €8,281 | -€3,044 | -26.9% |
| Profit (loss) for the period before taxes | 9903 | €40,209 | €48,940 | +€8,731 | +21.7% |
| Income taxes | 67/77 | €10,170 | €12,378 | +€2,208 | +21.7% |
| Profit (loss) for the period | 9904 | €30,040 | €36,562 | +€6,522 | +21.7% |
| Profit (loss) for the period to be appropriated | 9905 | €30,040 | €36,562 | +€6,522 | +21.7% |
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 9 October 2026 via checked.be.