MILLENNIUM ENTERPRISE: 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.
MILLENNIUM ENTERPRISE
Largest movements
- Receivables within one year -€56,956
down €56,956 (-59.2%), from €96,155 to €39,198
of which Other amounts receivable: -€52,571
- Receivables after one year -€40,416
down €40,416 (-100%), from €40,416 to €0
- Tangible fixed assets -€10,741
down €10,741 (-18.1%), from €59,431 to €48,690
of which Furniture and vehicles: -€9,901
- Cash +€6,427
up €6,427 (+39.6%), from €16,210 to €22,638
mainly Receivables within one year (+€56,956) and Other debts (+€45,000)
- Deferred charges and accrued income -€2,818
down €2,818 (-56.4%), from €4,994 to €2,176
- Profit (loss) carried forward -€138,766
down €138,766 (-85.9%), from €161,584 to €22,818
- Other debts +€45,000
up €45,000, from €0 to €45,000
- Debts after one year -€7,698
down €7,698 (-24.5%), from €31,437 to €23,739
- Tax, wage and social debts -€3,854
down €3,854 (-27.9%), from €13,805 to €9,951
of which Taxes: -€6,020
- Gross operating margin -€28,446
down €28,446 (-39.1%), from €72,726 to €44,281
- Taxes -€9,458
down €9,458 (-57.4%), from €16,480 to €7,022
- Depreciation +€5,614
up €5,614 (+69.5%), from €8,082 to €13,695
- Financial income -€2,070
down €2,070 (-35.3%), from €5,870 to €3,800
- Other operating charges +€1,658
up €1,658, from €0 to €1,658
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 | €217,206 | €112,702 | -€104,504 | -48.1% |
| Fixed assets | 21/28 | €59,431 | €48,690 | -€10,741 | -18.1% |
| Tangible fixed assets | 22/27 | €59,431 | €48,690 | -€10,741 | -18.1% |
| Plant, machinery and equipment | 23 | €1,567 | €727 | -€840 | -53.6% |
| Furniture and vehicles | 24 | €57,864 | €47,963 | -€9,901 | -17.1% |
| Current assets | 29/58 | €157,775 | €64,012 | -€93,763 | -59.4% |
| Amounts receivable after more than one year | 29 | €40,416 | €0 | -€40,416 | -100% |
| Other amounts receivable | 291 | €40,416 | €0 | -€40,416 | -100% |
| Amounts receivable within one year | 40/41 | €96,155 | €39,198 | -€56,956 | -59.2% |
| Trade receivables | 40 | €18,324 | €13,939 | -€4,385 | -23.9% |
| Other amounts receivable | 41 | €77,830 | €25,259 | -€52,571 | -67.5% |
| Cash at bank and in hand | 54/58 | €16,210 | €22,638 | +€6,427 | +39.6% |
| Deferred charges and accrued income | 490/1 | €4,994 | €2,176 | -€2,818 | -56.4% |
| Total equity and liabilities | 10/49 | €217,206 | €112,702 | -€104,504 | -48.1% |
| Equity | 10/15 | €164,584 | €25,818 | -€138,766 | -84.3% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €161,584 | €22,818 | -€138,766 | -85.9% |
| Amounts payable | 17/49 | €52,622 | €86,884 | +€34,263 | +65.1% |
| Amounts payable after more than one year | 17 | €31,437 | €23,739 | -€7,698 | -24.5% |
| Financial debts | 170/4 | €31,437 | €23,739 | -€7,698 | -24.5% |
| Amounts payable within one year | 42/48 | €21,172 | €63,145 | +€41,973 | +198% |
| Current portion of amounts payable after more than one year | 42 | €7,367 | €7,698 | +€331 | +4.5% |
| Trade debts | 44 | €0 | €497 | +€497 | |
| Suppliers | 440/4 | €0 | €497 | +€497 | |
| Taxes, remuneration and social security | 45 | €13,805 | €9,951 | -€3,854 | -27.9% |
| Taxes | 450/3 | €13,805 | €7,785 | -€6,020 | -43.6% |
| Remuneration and social security | 454/9 | - | €2,166 | +€2,166 | |
| Other amounts payable | 47/48 | €0 | €45,000 | +€45,000 | |
| Accrued charges and deferred income | 492/3 | €13 | €0 | -€13 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,082 | €13,695 | +€5,614 | +69.5% |
| Other operating charges | 640/8 | €0 | €1,658 | +€1,658 | |
| Gross operating margin | 9900 | €72,726 | €44,281 | -€28,446 | -39.1% |
| Operating profit (loss) | 9901 | €64,645 | €28,927 | -€35,718 | -55.3% |
| Financial income | 75/76B | €5,870 | €3,800 | -€2,070 | -35.3% |
| Recurring financial income | 75 | €5,870 | €3,800 | -€2,070 | -35.3% |
| Financial charges | 65/66B | €641 | €1,825 | +€1,184 | +185% |
| Recurring financial charges | 65 | €641 | €1,825 | +€1,184 | +185% |
| Profit (loss) for the period before taxes | 9903 | €69,874 | €30,902 | -€38,972 | -55.8% |
| Income taxes | 67/77 | €16,480 | €7,022 | -€9,458 | -57.4% |
| Profit (loss) for the period | 9904 | €53,395 | €23,881 | -€29,514 | -55.3% |
| Profit (loss) for the period to be appropriated | 9905 | €53,395 | €23,881 | -€29,514 | -55.3% |
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 24 October 2026 via checked.be.