MILLESIMES: 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.
MILLESIMES
Largest movements
- Stocks and contracts +€9,813
up €9,813 (+9.5%), from €102,936 to €112,749
- Cash -€8,884
down €8,884 (-25.0%), from €35,538 to €26,654
mainly Other debts (-€11,157) and Stocks and contracts (-€9,813)
- Receivables within one year -€5,487
no longer reported in 2026 (was €5,487)
of which Trade receivables: -€5,403
- Tangible fixed assets -€2,239
down €2,239 (-54.5%), from €4,112 to €1,873
- Other debts -€11,157
down €11,157 (-23.7%), from €47,111 to €35,954
- Trade debts -€8,951
down €8,951 (-41.5%), from €21,564 to €12,613
- Profit (loss) carried forward +€8,425
up €8,425 (+48.2%), from €17,473 to €25,898
- Tax, wage and social debts +€5,233
up €5,233 (+3,489%), from €150 to €5,383
- Gross operating margin -€8,713
down €8,713 (-32.3%), from €26,989 to €18,277
- Other operating charges -€5,359
down €5,359 (-82.4%), from €6,501 to €1,142
- Taxes +€3,908
up €3,908 (+2,801%), from €140 to €4,047
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €155,081 | €148,632 | -€6,448 | -4.2% |
| Fixed assets | 21/28 | €8,612 | €6,373 | -€2,239 | -26.0% |
| Tangible fixed assets | 22/27 | €4,112 | €1,873 | -€2,239 | -54.5% |
| Furniture and vehicles | 24 | €4,112 | €1,873 | -€2,239 | -54.5% |
| Financial fixed assets | 28 | €4,500 | €4,500 | = | 0.0% |
| Current assets | 29/58 | €146,468 | €142,260 | -€4,209 | -2.9% |
| Stocks and contracts in progress | 3 | €102,936 | €112,749 | +€9,813 | +9.5% |
| Stocks | 30/36 | €102,936 | €112,749 | +€9,813 | +9.5% |
| Amounts receivable within one year | 40/41 | €5,487 | - | -€5,487 | |
| Trade receivables | 40 | €5,403 | - | -€5,403 | |
| Other amounts receivable | 41 | €84 | - | -€84 | |
| Cash at bank and in hand | 54/58 | €35,538 | €26,654 | -€8,884 | -25.0% |
| Deferred charges and accrued income | 490/1 | €2,507 | €2,856 | +€349 | +13.9% |
| Total equity and liabilities | 10/49 | €155,081 | €148,632 | -€6,448 | -4.2% |
| Equity | 10/15 | €86,223 | €94,648 | +€8,425 | +9.8% |
| Contributions | 10/11 | €62,500 | €62,500 | = | 0.0% |
| Capital | 10 | €62,500 | €62,500 | = | 0.0% |
| Issued capital | 100 | €62,500 | €62,500 | = | 0.0% |
| Reserves | 13 | €6,250 | €6,250 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,250 | €6,250 | = | 0.0% |
| Legal reserve | 130 | €6,250 | €6,250 | = | 0.0% |
| Profit (loss) carried forward | 14 | €17,473 | €25,898 | +€8,425 | +48.2% |
| Amounts payable | 17/49 | €68,857 | €53,984 | -€14,873 | -21.6% |
| Amounts payable within one year | 42/48 | €68,825 | €53,950 | -€14,874 | -21.6% |
| Trade debts | 44 | €21,564 | €12,613 | -€8,951 | -41.5% |
| Suppliers | 440/4 | €21,564 | €12,613 | -€8,951 | -41.5% |
| Taxes, remuneration and social security | 45 | €150 | €5,383 | +€5,233 | +3,489% |
| Taxes | 450/3 | €150 | €5,383 | +€5,233 | +3,489% |
| Other amounts payable | 47/48 | €47,111 | €35,954 | -€11,157 | -23.7% |
| Accrued charges and deferred income | 492/3 | €33 | €34 | +€2 | +4.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,934 | €4,202 | +€268 | +6.8% |
| Other operating charges | 640/8 | €6,501 | €1,142 | -€5,359 | -82.4% |
| Gross operating margin | 9900 | €26,989 | €18,277 | -€8,713 | -32.3% |
| Operating profit (loss) | 9901 | €16,554 | €12,932 | -€3,622 | -21.9% |
| Financial charges | 65/66B | €513 | €460 | -€53 | -10.3% |
| Recurring financial charges | 65 | €513 | €460 | -€53 | -10.3% |
| Profit (loss) for the period before taxes | 9903 | €16,041 | €12,472 | -€3,569 | -22.3% |
| Income taxes | 67/77 | €140 | €4,047 | +€3,908 | +2,801% |
| Profit (loss) for the period | 9904 | €15,902 | €8,425 | -€7,477 | -47.0% |
| Profit (loss) for the period to be appropriated | 9905 | €15,902 | €8,425 | -€7,477 | -47.0% |
Source: filed annual accounts (NBB), financial years ended 31 January 2025 and 31 January 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 18 October 2026 via checked.be.