MILLENNIUM STAR: 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.
What changed
MILLENNIUM STAR
NACE 46.861, Wholesale of diamonds and other precious stones
fiscal year 2022 against 2023filed annual accounts (NBB)
Net result for the year
-€75,770
2022 · €470,886-€546,656
Equity
€2.7m
2022 · €2.8m-€75,770
Cash
€153,915
2022 · €263,225-€109,310
Balance sheet total
€4.8m
2022 · €6.7m-€1.9m
Largest movements
Assets
- Receivables within one year -€1.6m
down €1.6m (-48.1%), from €3.3m to €1.7m
of which Trade receivables: -€1.6m
- Stocks and contracts -€256,095
down €256,095 (-9.3%), from €2.8m to €2.5m
- Cash -€109,310
down €109,310 (-41.5%), from €263,225 to €153,915
mainly Trade debts (-€1.9m) and Net result for the year (-€75,770)
Equity and liabilities
- Trade debts -€1.9m
down €1.9m (-51.9%), from €3.6m to €1.7m
- Profit (loss) carried forward -€75,770
new in 2023: -€75,770
Income statement
- Turnover +€7.7m
new in 2023: €7.7m
- Goods and materials +€7.6m
new in 2023: €7.6m
of which Purchases: +€7.4m
- Gross operating margin -€574,978
no longer reported in 2023 (was €574,978)
- Services and other goods +€155,291
new in 2023: €155,291
From the 2022 result to the 2023 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.
Result 2022
€470,886
Turnover
+€7.7m
Other operating income
+€24,215
Goods and materials
-€7.6m
Services and other goods
-€155,291
Staff costs
+€7,166
Depreciation
+€397
Write-downs
-€5,945
Other operating charges
+€41,034
Other operating items
-€574,978
Financial income
-€6,774
Financial charges
-€4,140
Taxes
+€3,400
Result 2023
-€75,770
Cash bridge derived
Derived from the 2022 and 2023 balance sheets and the 2023 result: not a filed cash-flow statement. It shows where the money came from and went.
From operations
-€91,335
Investment
€0
Financing
-€17,975
Cash 2022
€263,225
From operations (derived)
-€91,335
Net result for the year
-€75,770
Depreciation
+€14,833
Stocks and contracts
+€256,095
Receivables within one year
+€1.6m
Smaller working-capital items
-€2,331
Trade debts
-€1.9m
Tax, wage and social debts
+€7,382
Other debts
-€10,492
Financing
-€17,975
Debts after one year
-€11,117
Current portion of long-term debt
-€6,857
Cash 2023
€153,915
Every line side by side
| Line | Code | 2022 | 2023 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €6,704,468 | €4,755,178 | -€1.9m | -29.1% |
| Fixed assets | 21/28 | €405,351 | €390,518 | -€14,833 | -3.7% |
| Tangible fixed assets | 22/27 | €405,351 | €390,518 | -€14,833 | -3.7% |
| Land and buildings | 22 | €373,316 | €363,875 | -€9,440 | -2.5% |
| Plant, machinery and equipment | 23 | €32,036 | €26,642 | -€5,393 | -16.8% |
| Current assets | 29/58 | €6,299,117 | €4,364,660 | -€1.9m | -30.7% |
| Stocks and contracts in progress | 3 | €2,761,380 | €2,505,284 | -€256,095 | -9.3% |
| Stocks | 30/36 | €2,761,380 | €2,505,284 | -€256,095 | -9.3% |
| Goods purchased for resale | 34 | - | €2,505,284 | +€2.5m | |
| Amounts receivable within one year | 40/41 | €3,266,807 | €1,696,221 | -€1.6m | -48.1% |
| Trade receivables | 40 | €3,245,756 | €1,678,634 | -€1.6m | -48.3% |
| Other amounts receivable | 41 | €21,051 | €17,588 | -€3,463 | -16.5% |
| Cash at bank and in hand | 54/58 | €263,225 | €153,915 | -€109,310 | -41.5% |
| Deferred charges and accrued income | 490/1 | €7,705 | €9,239 | +€1,535 | +19.9% |
| Total equity and liabilities | 10/49 | €6,704,468 | €4,755,178 | -€1.9m | -29.1% |
| Equity | 10/15 | €2,778,060 | €2,702,289 | -€75,770 | -2.7% |
| Contributions | 10/11 | €19,000 | €19,000 | = | 0.0% |
| Reserves | 13 | €2,759,060 | €2,759,060 | = | 0.0% |
| Distributable reserves | 133 | €2,759,060 | €2,759,060 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€75,770 | -€75,770 | |
| Amounts payable | 17/49 | €3,926,408 | €2,052,889 | -€1.9m | -47.7% |
| Amounts payable after more than one year | 17 | €155,479 | €144,361 | -€11,117 | -7.2% |
| Financial debts | 170/4 | €155,479 | €144,361 | -€11,117 | -7.2% |
| Credit institutions | 173 | - | €144,361 | +€144,361 | |
| Amounts payable within one year | 42/48 | €3,768,354 | €1,906,749 | -€1.9m | -49.4% |
| Current portion of amounts payable after more than one year | 42 | €18,864 | €12,007 | -€6,857 | -36.4% |
| Trade debts | 44 | €3,565,631 | €1,713,992 | -€1.9m | -51.9% |
| Suppliers | 440/4 | €3,565,631 | €1,713,992 | -€1.9m | -51.9% |
| Taxes, remuneration and social security | 45 | €53,720 | €61,103 | +€7,382 | +13.7% |
| Taxes | 450/3 | €45,851 | €54,093 | +€8,242 | +18.0% |
| Remuneration and social security | 454/9 | €7,869 | €7,010 | -€859 | -10.9% |
| Other amounts payable | 47/48 | €130,139 | €119,648 | -€10,492 | -8.1% |
| Accrued charges and deferred income | 492/3 | €2,575 | €1,779 | -€796 | -30.9% |
| Operating income | 70/76A | - | €7,770,393 | +€7.8m | |
| Turnover | 70 | - | €7,746,178 | +€7.7m | |
| Other operating income | 74 | - | €24,215 | +€24,215 | |
| Operating charges | 60/66A | - | €7,799,959 | +€7.8m | |
| Goods for resale, raw materials and consumables | 60 | - | €7,621,918 | +€7.6m | |
| Purchases | 600/8 | - | €7,365,823 | +€7.4m | |
| Change in stocks: decrease (increase) | 609 | - | €256,095 | +€256,095 | |
| Services and other goods | 61 | - | €155,291 | +€155,291 | |
| Remuneration, social security and pensions | 62 | €7,166 | - | -€7,166 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,231 | €14,833 | -€397 | -2.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€5,945 | - | +€5,945 | |
| Other operating charges | 640/8 | €48,950 | €7,916 | -€41,034 | -83.8% |
| Gross operating margin | 9900 | €574,978 | - | -€574,978 | |
| Operating profit (loss) | 9901 | €509,576 | -€29,566 | -€539,142 | |
| Financial income | 75/76B | €8,158 | €1,384 | -€6,774 | -83.0% |
| Recurring financial income | 75 | €1,338 | €1,384 | +€45 | +3.4% |
| Other financial income | 752/9 | - | €1,384 | +€1,384 | |
| Non-recurring financial income | 76B | €6,819 | - | -€6,819 | |
| Financial charges | 65/66B | €25,600 | €29,739 | +€4,140 | +16.2% |
| Recurring financial charges | 65 | €25,600 | €29,739 | +€4,140 | +16.2% |
| Debt charges | 650 | - | €9,745 | +€9,745 | |
| Other financial charges | 652/9 | - | €19,995 | +€19,995 | |
| Profit (loss) for the period before taxes | 9903 | €492,134 | -€57,922 | -€550,056 | |
| Income taxes | 67/77 | €21,248 | €17,849 | -€3,400 | -16.0% |
| Taxes | 670/3 | - | €17,854 | +€17,854 | |
| Tax adjustments and reversals of tax provisions | 77 | - | €5 | +€5 | |
| Profit (loss) for the period | 9904 | €470,886 | -€75,770 | -€546,656 | |
| Profit (loss) for the period to be appropriated | 9905 | €470,886 | -€75,770 | -€546,656 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2022 and 31 December 2023. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.