MillerFox: 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.
MillerFox
Largest movements
- Receivables within one year +€15,053
up €15,053 (+305.6%), from €4,925 to €19,978
of which Other amounts receivable: +€11,078
- Cash +€7,502
up €7,502 (+17.1%), from €43,861 to €51,363
mainly Net result for the year (+€74,230) and Other debts (+€58,811)
- Intangible fixed assets +€1,128
up €1,128 (+3.0%), from €38,019 to €39,147
- Other debts +€58,811
up €58,811 (+199.3%), from €29,513 to €88,324
- Reserves -€37,236
down €37,236 (-89.8%), from €41,466 to €4,230
- Tax, wage and social debts +€2,547
up €2,547 (+24.9%), from €10,223 to €12,770
- Gross operating margin +€36,605
up €36,605 (+47.8%), from €76,629 to €113,234
- Depreciation +€4,063
up €4,063 (+27.4%), from €14,804 to €18,867
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 | €87,409 | €111,923 | +€24,514 | +28.0% |
| Fixed assets | 21/28 | €38,238 | €40,198 | +€1,960 | +5.1% |
| Intangible fixed assets | 21 | €38,019 | €39,147 | +€1,128 | +3.0% |
| Tangible fixed assets | 22/27 | €219 | €1,051 | +€832 | +379.4% |
| Plant, machinery and equipment | 23 | €219 | €1,051 | +€832 | +379.4% |
| Current assets | 29/58 | €49,171 | €71,725 | +€22,554 | +45.9% |
| Amounts receivable within one year | 40/41 | €4,925 | €19,978 | +€15,053 | +305.6% |
| Trade receivables | 40 | €4,925 | €8,900 | +€3,975 | +80.7% |
| Other amounts receivable | 41 | - | €11,078 | +€11,078 | |
| Cash at bank and in hand | 54/58 | €43,861 | €51,363 | +€7,502 | +17.1% |
| Deferred charges and accrued income | 490/1 | €384 | €384 | = | 0.0% |
| Total equity and liabilities | 10/49 | €87,409 | €111,923 | +€24,514 | +28.0% |
| Equity | 10/15 | €47,666 | €10,430 | -€37,236 | -78.1% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €41,466 | €4,230 | -€37,236 | -89.8% |
| Distributable reserves | 133 | €41,466 | €4,230 | -€37,236 | -89.8% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €39,743 | €101,493 | +€61,750 | +155.4% |
| Amounts payable within one year | 42/48 | €39,743 | €101,493 | +€61,750 | +155.4% |
| Trade debts | 44 | €7 | €398 | +€391 | +5510.8% |
| Suppliers | 440/4 | €7 | €398 | +€391 | +5510.8% |
| Taxes, remuneration and social security | 45 | €10,223 | €12,770 | +€2,547 | +24.9% |
| Taxes | 450/3 | €10,223 | €12,770 | +€2,547 | +24.9% |
| Other amounts payable | 47/48 | €29,513 | €88,324 | +€58,811 | +199.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,804 | €18,867 | +€4,063 | +27.4% |
| Other operating charges | 640/8 | €1,058 | €1,065 | +€7 | +0.7% |
| Gross operating margin | 9900 | €76,629 | €113,234 | +€36,605 | +47.8% |
| Operating profit (loss) | 9901 | €60,767 | €93,302 | +€32,535 | +53.5% |
| Financial income | 75/76B | €221 | €10 | -€211 | -95.6% |
| Recurring financial income | 75 | €221 | €10 | -€211 | -95.6% |
| Financial charges | 65/66B | €88 | €159 | +€71 | +80.4% |
| Recurring financial charges | 65 | €88 | €159 | +€71 | +80.4% |
| Profit (loss) for the period before taxes | 9903 | €60,900 | €93,153 | +€32,252 | +53.0% |
| Income taxes | 67/77 | €19,435 | €18,922 | -€512 | -2.6% |
| Profit (loss) for the period | 9904 | €41,466 | €74,230 | +€32,764 | +79.0% |
| Profit (loss) for the period to be appropriated | 9905 | €41,466 | €74,230 | +€32,764 | +79.0% |
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 12 October 2026 via checked.be.