MILLET CONCEPT: what changed
Two fiscal 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 CONCEPT
Largest movements
- Receivables within one year +€45,903
up €45,903 (+129.1%), from €35,561 to €81,464
of which Other amounts receivable: +€26,301
- Tangible fixed assets +€14,762
up €14,762 (+137.3%), from €10,749 to €25,512
of which Furniture and vehicles: +€12,889
- Deferred charges and accrued income -€8,031
no longer reported in 2025 (was €8,031)
- Profit (loss) carried forward +€26,710
up €26,710 (+55.0%), from €48,550 to €75,260
- Tax, wage and social debts +€13,749
up €13,749 (+323.5%), from €4,250 to €17,998
- Debts after one year +€8,481
new in 2025: €8,481
- Current portion of long-term debt +€4,621
new in 2025: €4,621
- Trade debts -€2,468
down €2,468 (-63.5%), from €3,889 to €1,420
- Gross operating margin +€64,351
up €64,351 (+368.9%), from €17,442 to €81,793
- Taxes +€12,593
up €12,593 (+289.1%), from €4,355 to €16,948
- Depreciation +€2,795
up €2,795 (+97.2%), from €2,875 to €5,670
- Other operating charges -€2,307
down €2,307 (-52.1%), from €4,429 to €2,123
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 | €59,438 | €111,651 | +€52,213 | +87.8% |
| Fixed assets | 21/28 | €11,449 | €26,212 | +€14,762 | +128.9% |
| Tangible fixed assets | 22/27 | €10,749 | €25,512 | +€14,762 | +137.3% |
| Plant, machinery and equipment | 23 | €749 | €2,623 | +€1,873 | +250.0% |
| Furniture and vehicles | 24 | €10,000 | €22,889 | +€12,889 | +128.9% |
| Financial fixed assets | 28 | €700 | €700 | = | 0.0% |
| Current assets | 29/58 | €47,988 | €85,439 | +€37,451 | +78.0% |
| Amounts receivable within one year | 40/41 | €35,561 | €81,464 | +€45,903 | +129.1% |
| Trade receivables | 40 | €10,120 | €29,722 | +€19,602 | +193.7% |
| Other amounts receivable | 41 | €25,441 | €51,742 | +€26,301 | +103.4% |
| Cash at bank and in hand | 54/58 | €4,396 | €3,976 | -€421 | -9.6% |
| Deferred charges and accrued income | 490/1 | €8,031 | - | -€8,031 | |
| Total equity and liabilities | 10/49 | €59,438 | €111,651 | +€52,213 | +87.8% |
| Equity | 10/15 | €51,300 | €78,010 | +€26,710 | +52.1% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Capital | 10 | €2,500 | €2,500 | = | 0.0% |
| Issued capital | 100 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €250 | €250 | = | 0.0% |
| Non-distributable reserves | 130/1 | €250 | €250 | = | 0.0% |
| Legal reserve | 130 | €250 | €250 | = | 0.0% |
| Profit (loss) carried forward | 14 | €48,550 | €75,260 | +€26,710 | +55.0% |
| Amounts payable | 17/49 | €8,138 | €33,641 | +€25,503 | +313.4% |
| Amounts payable after more than one year | 17 | - | €8,481 | +€8,481 | |
| Financial debts | 170/4 | - | €8,481 | +€8,481 | |
| Amounts payable within one year | 42/48 | €8,138 | €25,160 | +€17,022 | +209.2% |
| Current portion of amounts payable after more than one year | 42 | - | €4,621 | +€4,621 | |
| Trade debts | 44 | €3,889 | €1,420 | -€2,468 | -63.5% |
| Suppliers | 440/4 | €3,889 | €1,420 | -€2,468 | -63.5% |
| Advances received on contracts in progress | 46 | - | €1,120 | +€1,120 | |
| Taxes, remuneration and social security | 45 | €4,250 | €17,998 | +€13,749 | +323.5% |
| Taxes | 450/3 | €4,250 | €17,998 | +€13,749 | +323.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,875 | €5,670 | +€2,795 | +97.2% |
| Other operating charges | 640/8 | €4,429 | €2,123 | -€2,307 | -52.1% |
| Gross operating margin | 9900 | €17,442 | €81,793 | +€64,351 | +368.9% |
| Operating profit (loss) | 9901 | €10,138 | €74,001 | +€63,863 | +629.9% |
| Financial income | 75/76B | €644 | €0 | -€643 | -100.0% |
| Recurring financial income | 75 | €644 | €0 | -€643 | -100.0% |
| Financial charges | 65/66B | €60 | €343 | +€282 | +468.3% |
| Recurring financial charges | 65 | €60 | €343 | +€282 | +468.3% |
| Profit (loss) for the period before taxes | 9903 | €10,721 | €73,659 | +€62,937 | +587.0% |
| Income taxes | 67/77 | €4,355 | €16,948 | +€12,593 | +289.1% |
| Profit (loss) for the period | 9904 | €6,366 | €56,710 | +€50,344 | +790.8% |
| Profit (loss) for the period to be appropriated | 9905 | €6,366 | €56,710 | +€50,344 | +790.8% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.