MILLETON: 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.
MILLETON
Largest movements
- Tangible fixed assets +€65,166
up €65,166 (+3,653%), from €1,784 to €66,950
of which Furniture and vehicles: +€57,595
- Deferred charges and accrued income -€8,742
down €8,742 (-84.6%), from €10,330 to €1,588
- Receivables within one year -€8,184
down €8,184 (-14.3%), from €57,386 to €49,202
of which Other amounts receivable: -€23,531
- Cash -€7,800
down €7,800 (-83.6%), from €9,331 to €1,531
- Other debts +€49,654
up €49,654 (+647%), from €7,676 to €57,330
- Tax, wage and social debts -€7,574
down €7,574 (-15.2%), from €49,844 to €42,270
of which Taxes: -€6,377
- Accrued charges and deferred income -€3,410
no longer reported in 2023 (was €3,410)
- Trade debts +€2,214
up €2,214 (+22.6%), from €9,809 to €12,023
- Short-term financial debts -€1,649
down €1,649 (-87.1%), from €1,892 to €243
- Turnover +€125,849
new in 2023: €125,849
- Purchases and services +€52,052
new in 2023: €52,052
- Gross operating margin +€34,352
up €34,352 (+77.7%), from €44,221 to €78,573
- Staff costs +€30,305
up €30,305 (+110%), from €27,534 to €57,839
- Depreciation +€16,215
up €16,215 (+5,612%), from €289 to €16,504
From the 2021 result to the 2023 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
A cash bridge needs two consecutive financial years: one year's result and depreciation cannot explain a change over several years. Pick two years that follow each other.
Every line side by side
| Line | Code | 2021 | 2023 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €78,921 | €119,361 | +€40,440 | +51.2% |
| Fixed assets | 21/28 | €1,874 | €67,040 | +€65,166 | +3,477% |
| Tangible fixed assets | 22/27 | €1,784 | €66,950 | +€65,166 | +3,653% |
| Furniture and vehicles | 24 | €1,784 | €59,379 | +€57,595 | +3,229% |
| Other tangible fixed assets | 26 | - | €7,571 | +€7,571 | |
| Financial fixed assets | 28 | €90 | €90 | = | 0.0% |
| Current assets | 29/58 | €77,047 | €52,321 | -€24,726 | -32.1% |
| Amounts receivable within one year | 40/41 | €57,386 | €49,202 | -€8,184 | -14.3% |
| Trade receivables | 40 | €26,626 | €41,973 | +€15,347 | +57.6% |
| Other amounts receivable | 41 | €30,760 | €7,229 | -€23,531 | -76.5% |
| Cash at bank and in hand | 54/58 | €9,331 | €1,531 | -€7,800 | -83.6% |
| Deferred charges and accrued income | 490/1 | €10,330 | €1,588 | -€8,742 | -84.6% |
| Total equity and liabilities | 10/49 | €78,921 | €119,361 | +€40,440 | +51.2% |
| Equity | 10/15 | €6,290 | €7,494 | +€1,204 | +19.1% |
| Contributions | 10/11 | €7,000 | €7,000 | = | 0.0% |
| Capital | 10 | €7,000 | €7,000 | = | 0.0% |
| Issued capital | 100 | €18,600 | €18,600 | = | 0.0% |
| Uncalled capital | 101 | €11,600 | €11,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€710 | €494 | +€1,204 | |
| Amounts payable | 17/49 | €72,631 | €111,867 | +€39,236 | +54.0% |
| Amounts payable within one year | 42/48 | €69,221 | €111,867 | +€42,646 | +61.6% |
| Financial debts | 43 | €1,892 | €243 | -€1,649 | -87.1% |
| Credit institutions | 430/8 | €1,892 | €243 | -€1,649 | -87.1% |
| Trade debts | 44 | €9,809 | €12,023 | +€2,214 | +22.6% |
| Suppliers | 440/4 | €9,809 | €12,023 | +€2,214 | +22.6% |
| Taxes, remuneration and social security | 45 | €49,844 | €42,270 | -€7,574 | -15.2% |
| Taxes | 450/3 | €26,798 | €20,421 | -€6,377 | -23.8% |
| Remuneration and social security | 454/9 | €23,046 | €21,850 | -€1,197 | -5.2% |
| Other amounts payable | 47/48 | €7,676 | €57,330 | +€49,654 | +647% |
| Accrued charges and deferred income | 492/3 | €3,410 | - | -€3,410 | |
| Turnover | 70 | - | €125,849 | +€125,849 | |
| Goods, raw materials, services and sundry goods | 60/61 | - | €52,052 | +€52,052 | |
| Remuneration, social security and pensions | 62 | €27,534 | €57,839 | +€30,305 | +110% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €289 | €16,504 | +€16,215 | +5,612% |
| Other operating charges | 640/8 | - | €2,154 | +€2,154 | |
| Gross operating margin | 9900 | €44,221 | €78,573 | +€34,352 | +77.7% |
| Operating profit (loss) | 9901 | €16,398 | €2,076 | -€14,322 | -87.3% |
| Financial income | 75/76B | €7 | €114 | +€107 | +1,650% |
| Recurring financial income | 75 | €7 | €114 | +€107 | +1,650% |
| Financial charges | 65/66B | €3,175 | -€1,672 | -€4,847 | |
| Recurring financial charges | 65 | €3,175 | -€1,672 | -€4,847 | |
| Profit (loss) for the period before taxes | 9903 | €13,229 | €3,862 | -€9,367 | -70.8% |
| Income taxes | 67/77 | €1,435 | €1,077 | -€358 | -24.9% |
| Profit (loss) for the period | 9904 | €11,794 | €2,784 | -€9,010 | -76.4% |
| Profit (loss) for the period to be appropriated | 9905 | €11,794 | €2,784 | -€9,010 | -76.4% |
Source: filed annual accounts (NBB), financial years ended 31 December 2021 and 31 December 2023. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 18 October 2026 via checked.be.