MILLE GRADI: 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.
MILLE GRADI
Largest movements
- Cash +€43,419
up €43,419 (+81.6%), from €53,212 to €96,631
mainly Current investments (+€30,000) and Net result for the year (+€26,542)
- Current investments -€30,000
down €30,000 (-100%), from €30,000 to €0
- Tangible fixed assets -€22,176
down €22,176 (-6.0%), from €372,504 to €350,328
of which Land and buildings: -€15,768
- Profit (loss) carried forward +€20,072
up €20,072 (+19.4%), from €103,323 to €123,394
- Debts after one year -€18,030
down €18,030 (-6.1%), from €294,314 to €276,284
- Gross operating margin -€9,168
down €9,168 (-11.9%), from €76,841 to €67,674
- Taxes -€2,869
down €2,869 (-28.3%), from €10,140 to €7,271
- Depreciation -€2,286
down €2,286 (-10.6%), from €21,594 to €19,308
- Other operating charges +€1,359
up €1,359 (+108%), from €1,261 to €2,620
- Financial charges +€1,231
up €1,231 (+16.6%), from €7,429 to €8,659
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 | €462,160 | €455,071 | -€7,089 | -1.5% |
| Fixed assets | 21/28 | €372,554 | €350,378 | -€22,176 | -6.0% |
| Tangible fixed assets | 22/27 | €372,504 | €350,328 | -€22,176 | -6.0% |
| Land and buildings | 22 | €357,531 | €341,763 | -€15,768 | -4.4% |
| Plant, machinery and equipment | 23 | €4,306 | €4,037 | -€269 | -6.2% |
| Furniture and vehicles | 24 | €10,667 | €4,528 | -€6,139 | -57.5% |
| Financial fixed assets | 28 | €50 | €50 | = | 0.0% |
| Current assets | 29/58 | €89,607 | €104,693 | +€15,087 | +16.8% |
| Stocks and contracts in progress | 3 | €1,567 | €1,422 | -€144 | -9.2% |
| Stocks | 30/36 | €1,567 | €1,422 | -€144 | -9.2% |
| Amounts receivable within one year | 40/41 | €4,741 | €6,357 | +€1,616 | +34.1% |
| Trade receivables | 40 | €3,783 | €1,052 | -€2,731 | -72.2% |
| Other amounts receivable | 41 | €958 | €5,305 | +€4,348 | +454% |
| Current investments | 50/53 | €30,000 | €0 | -€30,000 | -100% |
| Cash at bank and in hand | 54/58 | €53,212 | €96,631 | +€43,419 | +81.6% |
| Deferred charges and accrued income | 490/1 | €87 | €283 | +€196 | +225% |
| Total equity and liabilities | 10/49 | €462,160 | €455,071 | -€7,089 | -1.5% |
| Equity | 10/15 | €123,060 | €143,132 | +€20,072 | +16.3% |
| Contributions | 10/11 | €19,737 | €19,737 | = | 0.0% |
| Profit (loss) carried forward | 14 | €103,323 | €123,394 | +€20,072 | +19.4% |
| Amounts payable | 17/49 | €339,100 | €311,940 | -€27,161 | -8.0% |
| Amounts payable after more than one year | 17 | €294,314 | €276,284 | -€18,030 | -6.1% |
| Financial debts | 170/4 | €294,314 | €276,284 | -€18,030 | -6.1% |
| Amounts payable within one year | 42/48 | €44,213 | €34,854 | -€9,360 | -21.2% |
| Current portion of amounts payable after more than one year | 42 | €20,762 | €18,030 | -€2,732 | -13.2% |
| Trade debts | 44 | €3,659 | €3,834 | +€174 | +4.8% |
| Suppliers | 440/4 | €3,659 | €3,834 | +€174 | +4.8% |
| Advances received on contracts in progress | 46 | €848 | €0 | -€848 | -100% |
| Taxes, remuneration and social security | 45 | €3,524 | €1,693 | -€1,831 | -52.0% |
| Taxes | 450/3 | €3,524 | €1,693 | -€1,831 | -52.0% |
| Other amounts payable | 47/48 | €15,420 | €11,297 | -€4,123 | -26.7% |
| Accrued charges and deferred income | 492/3 | €573 | €802 | +€229 | +39.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,594 | €19,308 | -€2,286 | -10.6% |
| Other operating charges | 640/8 | €1,261 | €2,620 | +€1,359 | +108% |
| Non-recurring operating charges | 66A | - | €4,181 | +€4,181 | |
| Gross operating margin | 9900 | €76,841 | €67,674 | -€9,168 | -11.9% |
| Operating profit (loss) | 9901 | €53,986 | €41,565 | -€12,421 | -23.0% |
| Financial income | 75/76B | €665 | €908 | +€242 | +36.4% |
| Recurring financial income | 75 | €665 | €908 | +€242 | +36.4% |
| Financial charges | 65/66B | €7,429 | €8,659 | +€1,231 | +16.6% |
| Recurring financial charges | 65 | €7,429 | €8,659 | +€1,231 | +16.6% |
| Profit (loss) for the period before taxes | 9903 | €47,223 | €33,813 | -€13,410 | -28.4% |
| Income taxes | 67/77 | €10,140 | €7,271 | -€2,869 | -28.3% |
| Profit (loss) for the period | 9904 | €37,083 | €26,542 | -€10,541 | -28.4% |
| Profit (loss) for the period to be appropriated | 9905 | €37,083 | €26,542 | -€10,541 | -28.4% |
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 18 October 2026 via checked.be.