MILLET: 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.
MILLET
Largest movements
- Receivables within one year +€202,275
up €202,275 (+15.2%), from €1.3m to €1.5m
- Cash -€199,755
down €199,755 (-92.8%), from €215,286 to €15,531
mainly Receivables within one year (-€202,275) and Other debts (-€77,713)
- Other debts -€77,713
down €77,713 (-72.1%), from €107,730 to €30,017
- Gross operating margin +€55,025
up €55,025 (+253%), from €21,789 to €76,815
- Taxes +€13,652
new in 2025: €13,652
- Financial charges +€2,880
up €2,880 (+988%), from €291 to €3,171
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.
Derived cash bridge
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 | €7,292,147 | €7,269,666 | -€22,480 | -0.3% |
| Fixed assets | 21/28 | €12,395 | €12,395 | = | 0.0% |
| Financial fixed assets | 28 | €12,395 | €12,395 | = | 0.0% |
| Current assets | 29/58 | €7,279,752 | €7,257,272 | -€22,480 | -0.3% |
| Stocks and contracts in progress | 3 | €5,732,442 | €5,707,442 | -€25,000 | -0.4% |
| Stocks | 30/36 | €5,732,442 | €5,707,442 | -€25,000 | -0.4% |
| Amounts receivable within one year | 40/41 | €1,332,024 | €1,534,298 | +€202,275 | +15.2% |
| Other amounts receivable | 41 | €1,332,024 | €1,534,298 | +€202,275 | +15.2% |
| Cash at bank and in hand | 54/58 | €215,286 | €15,531 | -€199,755 | -92.8% |
| Total equity and liabilities | 10/49 | €7,292,147 | €7,269,666 | -€22,480 | -0.3% |
| Equity | 10/15 | €7,179,128 | €7,239,000 | +€59,872 | +0.8% |
| Contributions | 10/11 | €4,496,789 | €4,496,789 | = | 0.0% |
| Capital | 10 | €4,496,789 | €4,496,789 | = | 0.0% |
| Issued capital | 100 | €4,496,789 | €4,496,789 | = | 0.0% |
| Reserves | 13 | €2,679,679 | €2,739,529 | +€59,850 | +2.2% |
| Non-distributable reserves | 130/1 | €449,679 | €449,679 | = | 0.0% |
| Legal reserve | 130 | €449,679 | €449,679 | = | 0.0% |
| Distributable reserves | 133 | €2,230,000 | €2,289,850 | +€59,850 | +2.7% |
| Profit (loss) carried forward | 14 | €2,661 | €2,682 | +€22 | +0.8% |
| Amounts payable | 17/49 | €113,019 | €30,667 | -€82,352 | -72.9% |
| Amounts payable within one year | 42/48 | €113,019 | €30,667 | -€82,352 | -72.9% |
| Trade debts | 44 | €5,288 | €650 | -€4,639 | -87.7% |
| Suppliers | 440/4 | €5,288 | €650 | -€4,639 | -87.7% |
| Other amounts payable | 47/48 | €107,730 | €30,017 | -€77,713 | -72.1% |
| Other operating charges | 640/8 | €327 | €120 | -€207 | -63.4% |
| Gross operating margin | 9900 | €21,789 | €76,815 | +€55,025 | +253% |
| Operating profit (loss) | 9901 | €21,462 | €76,695 | +€55,233 | +257% |
| Financial charges | 65/66B | €291 | €3,171 | +€2,880 | +988% |
| Recurring financial charges | 65 | €291 | €3,171 | +€2,880 | +988% |
| Profit (loss) for the period before taxes | 9903 | €21,170 | €73,524 | +€52,353 | +247% |
| Income taxes | 67/77 | - | €13,652 | +€13,652 | |
| Profit (loss) for the period | 9904 | €21,170 | €59,872 | +€38,701 | +183% |
| Profit (loss) for the period to be appropriated | 9905 | €21,170 | €59,872 | +€38,701 | +183% |
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 19 October 2026 via checked.be.