MILLENNIUM FALCON: 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 FALCON
Largest movements
- Tangible fixed assets +€438,052
up €438,052 (+56.9%), from €769,400 to €1.2m
of which Assets under construction and advance payments: +€457,436
- Cash -€192,132
down €192,132 (-98.9%), from €194,245 to €2,112
mainly Investment in fixed assets (net) (-€457,436) and Trade debts (-€75,727)
- Other debts +€368,000
up €368,000 (+57.2%), from €643,177 to €1.0m
- Trade debts -€75,727
down €75,727 (-91.7%), from €82,588 to €6,861
- Profit (loss) carried forward -€41,596
down €41,596 (-64.3%), from -€64,642 to -€106,239
- Depreciation -€14,646
down €14,646 (-43.0%), from €34,031 to €19,385
- Gross operating margin -€9,203
down €9,203 (-87.0%), from -€10,574 to -€19,777
- Other operating charges +€230
up €230 (+10.7%), from €2,141 to €2,371
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 | €970,373 | €1,226,252 | +€255,879 | +26.4% |
| Fixed assets | 21/28 | €769,400 | €1,207,451 | +€438,052 | +56.9% |
| Tangible fixed assets | 22/27 | €769,400 | €1,207,451 | +€438,052 | +56.9% |
| Land and buildings | 22 | €633,691 | €614,307 | -€19,385 | -3.1% |
| Assets under construction and advance payments | 27 | €135,709 | €593,145 | +€457,436 | +337% |
| Current assets | 29/58 | €200,973 | €18,801 | -€182,172 | -90.6% |
| Amounts receivable within one year | 40/41 | €6,574 | €16,489 | +€9,915 | +151% |
| Trade receivables | 40 | €4,195 | €14,583 | +€10,388 | +248% |
| Other amounts receivable | 41 | €2,378 | €1,906 | -€472 | -19.9% |
| Cash at bank and in hand | 54/58 | €194,245 | €2,112 | -€192,132 | -98.9% |
| Deferred charges and accrued income | 490/1 | €155 | €200 | +€45 | +29.1% |
| Total equity and liabilities | 10/49 | €970,373 | €1,226,252 | +€255,879 | +26.4% |
| Equity | 10/15 | -€59,642 | -€101,239 | -€41,596 | -69.7% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€64,642 | -€106,239 | -€41,596 | -64.3% |
| Amounts payable | 17/49 | €1,030,015 | €1,327,491 | +€297,476 | +28.9% |
| Amounts payable after more than one year | 17 | €304,250 | €308,062 | +€3,812 | +1.3% |
| Financial debts | 170/4 | €302,000 | €302,000 | = | 0.0% |
| Other amounts payable | 178/9 | €2,250 | €6,062 | +€3,812 | +169% |
| Amounts payable within one year | 42/48 | €725,765 | €1,019,429 | +€293,664 | +40.5% |
| Trade debts | 44 | €82,588 | €6,861 | -€75,727 | -91.7% |
| Suppliers | 440/4 | €82,588 | €6,861 | -€75,727 | -91.7% |
| Advances received on contracts in progress | 46 | - | €1,392 | +€1,392 | |
| Taxes, remuneration and social security | 45 | €0 | - | = | |
| Taxes | 450/3 | €0 | - | = | |
| Other amounts payable | 47/48 | €643,177 | €1,011,177 | +€368,000 | +57.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €34,031 | €19,385 | -€14,646 | -43.0% |
| Other operating charges | 640/8 | €2,141 | €2,371 | +€230 | +10.7% |
| Gross operating margin | 9900 | -€10,574 | -€19,777 | -€9,203 | -87.0% |
| Operating profit (loss) | 9901 | -€46,746 | -€41,533 | +€5,213 | +11.2% |
| Financial income | 75/76B | - | €11 | +€11 | |
| Recurring financial income | 75 | - | €11 | +€11 | |
| Financial charges | 65/66B | €149 | €75 | -€74 | -49.5% |
| Recurring financial charges | 65 | €149 | €75 | -€74 | -49.5% |
| Profit (loss) for the period before taxes | 9903 | -€46,894 | -€41,596 | +€5,298 | +11.3% |
| Profit (loss) for the period | 9904 | -€46,894 | -€41,596 | +€5,298 | +11.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€46,894 | -€41,596 | +€5,298 | +11.3% |
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 16 October 2026 via checked.be.