MILLENIUM: 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.
MILLENIUM
Largest movements
- Receivables within one year +€28,868
up €28,868 (+23.7%), from €121,907 to €150,775
of which Trade receivables: +€37,738
- Cash -€11,326
down €11,326 (-35.0%), from €32,343 to €21,017
mainly Contributions, distributions and other (-€37,828) and Receivables within one year (-€28,868)
- Deferred charges and accrued income -€10,383
down €10,383 (-69.3%), from €14,973 to €4,590
- Tangible fixed assets -€5,274
down €5,274 (-15.2%), from €34,754 to €29,480
of which Furniture and vehicles: -€5,138
- Reserves -€33,608
down €33,608 (-49.7%), from €67,683 to €34,075
- Other debts +€29,950
up €29,950 (+88.6%), from €33,813 to €63,763
- Trade debts -€20,510
down €20,510 (-76.3%), from €26,864 to €6,353
- Tax, wage and social debts +€12,554
up €12,554 (+114.1%), from €11,007 to €23,561
of which Taxes: +€8,253
- Debts after one year +€10,085
up €10,085 (+52.5%), from €19,224 to €29,309
- Depreciation -€8,427
down €8,427 (-50.2%), from €16,778 to €8,351
- Gross operating margin -€6,818
down €6,818 (-22.6%), from €30,136 to €23,319
- Other operating charges +€666
up €666 (+23.0%), from €2,900 to €3,567
- Financial charges +€451
up €451 (+34.9%), from €1,295 to €1,746
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 | €203,976 | €205,861 | +€1,885 | +0.9% |
| Fixed assets | 21/28 | €34,754 | €29,480 | -€5,274 | -15.2% |
| Tangible fixed assets | 22/27 | €34,754 | €29,480 | -€5,274 | -15.2% |
| Furniture and vehicles | 24 | €34,617 | €29,480 | -€5,138 | -14.8% |
| Other tangible fixed assets | 26 | €137 | - | -€137 | |
| Current assets | 29/58 | €169,223 | €176,382 | +€7,159 | +4.2% |
| Amounts receivable within one year | 40/41 | €121,907 | €150,775 | +€28,868 | +23.7% |
| Trade receivables | 40 | €99,405 | €137,142 | +€37,738 | +38.0% |
| Other amounts receivable | 41 | €22,502 | €13,632 | -€8,870 | -39.4% |
| Cash at bank and in hand | 54/58 | €32,343 | €21,017 | -€11,326 | -35.0% |
| Deferred charges and accrued income | 490/1 | €14,973 | €4,590 | -€10,383 | -69.3% |
| Total equity and liabilities | 10/49 | €203,976 | €205,861 | +€1,885 | +0.9% |
| Equity | 10/15 | €103,361 | €69,754 | -€33,608 | -32.5% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €67,683 | €34,075 | -€33,608 | -49.7% |
| Distributable reserves | 133 | €67,683 | €34,075 | -€33,608 | -49.7% |
| Profit (loss) carried forward | 14 | €23,278 | €23,278 | = | 0.0% |
| Amounts payable | 17/49 | €100,615 | €136,108 | +€35,492 | +35.3% |
| Amounts payable after more than one year | 17 | €19,224 | €29,309 | +€10,085 | +52.5% |
| Financial debts | 170/4 | €19,224 | €29,309 | +€10,085 | +52.5% |
| Amounts payable within one year | 42/48 | €80,641 | €106,299 | +€25,659 | +31.8% |
| Current portion of amounts payable after more than one year | 42 | €8,957 | €12,622 | +€3,665 | +40.9% |
| Trade debts | 44 | €26,864 | €6,353 | -€20,510 | -76.3% |
| Suppliers | 440/4 | €26,864 | €6,353 | -€20,510 | -76.3% |
| Taxes, remuneration and social security | 45 | €11,007 | €23,561 | +€12,554 | +114.1% |
| Taxes | 450/3 | €8,707 | €16,960 | +€8,253 | +94.8% |
| Remuneration and social security | 454/9 | €2,300 | €6,601 | +€4,301 | +187.0% |
| Other amounts payable | 47/48 | €33,813 | €63,763 | +€29,950 | +88.6% |
| Accrued charges and deferred income | 492/3 | €751 | €499 | -€251 | -33.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,778 | €8,351 | -€8,427 | -50.2% |
| Other operating charges | 640/8 | €2,900 | €3,567 | +€666 | +23.0% |
| Gross operating margin | 9900 | €30,136 | €23,319 | -€6,818 | -22.6% |
| Operating profit (loss) | 9901 | €10,458 | €11,401 | +€943 | +9.0% |
| Financial income | 75/76B | €344 | €270 | -€74 | -21.5% |
| Recurring financial income | 75 | €344 | €270 | -€74 | -21.5% |
| Financial charges | 65/66B | €1,295 | €1,746 | +€451 | +34.9% |
| Recurring financial charges | 65 | €1,295 | €1,746 | +€451 | +34.9% |
| Profit (loss) for the period before taxes | 9903 | €9,507 | €9,925 | +€418 | +4.4% |
| Income taxes | 67/77 | €5,586 | €5,705 | +€119 | +2.1% |
| Profit (loss) for the period | 9904 | €3,922 | €4,220 | +€299 | +7.6% |
| Profit (loss) for the period to be appropriated | 9905 | €3,922 | €4,220 | +€299 | +7.6% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.