MILLÉSIMES: what changed
MILLÉSIMES
Largest movements
- Cash +€125,026
up €125,026 (+5,382%), from €2,323 to €127,349
mainly Net result for the year (+€65,886) and Stocks and contracts (+€39,931)
- Stocks and contracts -€39,931
down €39,931 (-35.9%), from €111,111 to €71,181
- Receivables within one year -€19,572
down €19,572 (-8.1%), from €242,259 to €222,687
of which Other amounts receivable: -€25,722
- Profit (loss) carried forward +€65,886
up €65,886 (+26.8%), from €245,722 to €311,608
- Gross operating margin -€183,722
down €183,722 (-67.2%), from €273,323 to €89,601
- Taxes -€47,106
down €47,106 (-67.6%), from €69,678 to €22,572
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €357,185 | €424,079 | +€66,895 | +18.7% |
| Fixed assets | 21/28 | €1,369 | €2,738 | +€1,369 | +100% |
| Financial fixed assets | 28 | €1,369 | €2,738 | +€1,369 | +100% |
| Current assets | 29/58 | €355,816 | €421,342 | +€65,526 | +18.4% |
| Stocks and contracts in progress | 3 | €111,111 | €71,181 | -€39,931 | -35.9% |
| Stocks | 30/36 | €111,111 | €71,181 | -€39,931 | -35.9% |
| Amounts receivable within one year | 40/41 | €242,259 | €222,687 | -€19,572 | -8.1% |
| Trade receivables | 40 | - | €6,149 | +€6,149 | |
| Other amounts receivable | 41 | €242,259 | €216,538 | -€25,722 | -10.6% |
| Cash at bank and in hand | 54/58 | €2,323 | €127,349 | +€125,026 | +5,382% |
| Deferred charges and accrued income | 490/1 | €122 | €125 | +€2 | +2.0% |
| Total equity and liabilities | 10/49 | €357,185 | €424,079 | +€66,895 | +18.7% |
| Equity | 10/15 | €264,322 | €330,208 | +€65,886 | +24.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | €245,722 | €311,608 | +€65,886 | +26.8% |
| Amounts payable | 17/49 | €92,863 | €93,871 | +€1,008 | +1.1% |
| Amounts payable within one year | 42/48 | €92,863 | €93,871 | +€1,008 | +1.1% |
| Trade debts | 44 | €2,393 | €1,949 | -€444 | -18.6% |
| Suppliers | 440/4 | €2,393 | €1,949 | -€444 | -18.6% |
| Taxes, remuneration and social security | 45 | €69,678 | €69,678 | = | 0.0% |
| Taxes | 450/3 | €69,678 | €69,678 | = | 0.0% |
| Other amounts payable | 47/48 | €20,792 | €22,244 | +€1,452 | +7.0% |
| Non-recurring operating income | 76A | €4,956 | - | -€4,956 | |
| Other operating charges | 640/8 | - | €797 | +€797 | |
| Non-recurring operating charges | 66A | €50 | - | -€50 | |
| Gross operating margin | 9900 | €273,323 | €89,601 | -€183,722 | -67.2% |
| Operating profit (loss) | 9901 | €273,273 | €88,804 | -€184,469 | -67.5% |
| Financial charges | 65/66B | €268 | €345 | +€77 | +28.6% |
| Recurring financial charges | 65 | €268 | €345 | +€77 | +28.6% |
| Profit (loss) for the period before taxes | 9903 | €273,005 | €88,459 | -€184,546 | -67.6% |
| Income taxes | 67/77 | €69,678 | €22,572 | -€47,106 | -67.6% |
| Profit (loss) for the period | 9904 | €203,326 | €65,886 | -€137,440 | -67.6% |
| Profit (loss) for the period to be appropriated | 9905 | €203,326 | €65,886 | -€137,440 | -67.6% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.