MILLESIME MANAGEMENT: 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.
MILLESIME MANAGEMENT
Largest movements
- Receivables within one year -€23,605
down €23,605 (-35.6%), from €66,251 to €42,645
of which Other amounts receivable: -€31,125
- Tangible fixed assets -€13,491
down €13,491 (-87.6%), from €15,400 to €1,908
- Deferred charges and accrued income -€2,732
down €2,732 (-94.5%), from €2,892 to €160
- Tax, wage and social debts -€24,691
down €24,691 (-80.6%), from €30,638 to €5,947
of which Taxes: -€24,191
- Profit (loss) carried forward -€24,461
down €24,461 (-19.3%), from €126,753 to €102,292
- Other debts +€22,421
up €22,421 (+119.0%), from €18,834 to €41,255
- Trade debts -€10,202
down €10,202 (-91.0%), from €11,215 to €1,013
- Current portion of long-term debt -€6,374
no longer reported in 2025 (was €6,374)
- Gross operating margin -€47,587
down €47,587, from €45,047 to -€2,540
- Taxes -€9,650
down €9,650 (-90.4%), from €10,676 to €1,026
- Financial charges +€3,506
up €3,506 (+313.6%), from €1,118 to €4,624
- Depreciation -€2,628
down €2,628 (-15.1%), from €17,353 to €14,725
- Financial income -€895
no longer reported in 2025 (was €895)
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 | €195,460 | €154,469 | -€40,992 | -21.0% |
| Fixed assets | 21/28 | €115,400 | €101,908 | -€13,491 | -11.7% |
| Tangible fixed assets | 22/27 | €15,400 | €1,908 | -€13,491 | -87.6% |
| Furniture and vehicles | 24 | €15,400 | €1,908 | -€13,491 | -87.6% |
| Financial fixed assets | 28 | €100,000 | €100,000 | = | 0.0% |
| Current assets | 29/58 | €80,061 | €52,560 | -€27,500 | -34.3% |
| Amounts receivable within one year | 40/41 | €66,251 | €42,645 | -€23,605 | -35.6% |
| Trade receivables | 40 | €7,000 | €14,520 | +€7,520 | +107.4% |
| Other amounts receivable | 41 | €59,251 | €28,125 | -€31,125 | -52.5% |
| Cash at bank and in hand | 54/58 | €10,917 | €9,755 | -€1,163 | -10.6% |
| Deferred charges and accrued income | 490/1 | €2,892 | €160 | -€2,732 | -94.5% |
| Total equity and liabilities | 10/49 | €195,460 | €154,469 | -€40,992 | -21.0% |
| Equity | 10/15 | €127,753 | €103,292 | -€24,461 | -19.1% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €126,753 | €102,292 | -€24,461 | -19.3% |
| Amounts payable | 17/49 | €67,708 | €51,177 | -€16,531 | -24.4% |
| Amounts payable within one year | 42/48 | €67,062 | €48,215 | -€18,847 | -28.1% |
| Current portion of amounts payable after more than one year | 42 | €6,374 | - | -€6,374 | |
| Trade debts | 44 | €11,215 | €1,013 | -€10,202 | -91.0% |
| Suppliers | 440/4 | €11,215 | €1,013 | -€10,202 | -91.0% |
| Taxes, remuneration and social security | 45 | €30,638 | €5,947 | -€24,691 | -80.6% |
| Taxes | 450/3 | €28,638 | €4,447 | -€24,191 | -84.5% |
| Remuneration and social security | 454/9 | €2,000 | €1,500 | -€500 | -25.0% |
| Other amounts payable | 47/48 | €18,834 | €41,255 | +€22,421 | +119.0% |
| Accrued charges and deferred income | 492/3 | €646 | €2,962 | +€2,316 | +358.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,353 | €14,725 | -€2,628 | -15.1% |
| Other operating charges | 640/8 | €1,765 | €1,546 | -€219 | -12.4% |
| Non-recurring operating charges | 66A | €1,453 | - | -€1,453 | |
| Gross operating margin | 9900 | €45,047 | -€2,540 | -€47,587 | |
| Operating profit (loss) | 9901 | €24,476 | -€18,811 | -€43,287 | |
| Financial income | 75/76B | €895 | - | -€895 | |
| Recurring financial income | 75 | €895 | - | -€895 | |
| Financial charges | 65/66B | €1,118 | €4,624 | +€3,506 | +313.6% |
| Recurring financial charges | 65 | €1,118 | €4,624 | +€3,506 | +313.6% |
| Profit (loss) for the period before taxes | 9903 | €24,253 | -€23,435 | -€47,688 | |
| Income taxes | 67/77 | €10,676 | €1,026 | -€9,650 | -90.4% |
| Profit (loss) for the period | 9904 | €13,577 | -€24,461 | -€38,038 | |
| Profit (loss) for the period to be appropriated | 9905 | €13,577 | -€24,461 | -€38,038 |
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 11 October 2026 via checked.be.