MILLEZIMA: 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.
MILLEZIMA
Largest movements
- Tangible fixed assets +€671,963
up €671,963 (+2,123%), from €31,648 to €703,611
of which Land and buildings: +€662,411
- Cash -€35,055
down €35,055 (-42.5%), from €82,467 to €47,412
mainly Investment in fixed assets (net) (-€682,605) and Receivables within one year (-€17,232)
- Receivables within one year +€17,232
up €17,232 (+177%), from €9,738 to €26,970
of which Other amounts receivable: +€12,955
- Debts after one year +€443,570
up €443,570 (+424%), from €104,667 to €548,237
- Other debts +€158,945
up €158,945 (+2,799%), from €5,678 to €164,623
- Reserves +€46,735
up €46,735 (+43.6%), from €107,165 to €153,900
- Current portion of long-term debt +€18,442
up €18,442 (+99.3%), from €18,564 to €37,006
- Other operating charges +€29,954
up €29,954 (+7,733%), from €387 to €30,341
- Taxes -€20,188
down €20,188 (-88.8%), from €22,738 to €2,550
- Depreciation +€6,186
up €6,186 (+139%), from €4,456 to €10,642
- Financial charges +€1,299
up €1,299 (+18.4%), from €7,060 to €8,358
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 | €273,853 | €935,025 | +€661,172 | +241% |
| Fixed assets | 21/28 | €181,648 | €853,611 | +€671,963 | +370% |
| Tangible fixed assets | 22/27 | €31,648 | €703,611 | +€671,963 | +2,123% |
| Land and buildings | 22 | - | €662,411 | +€662,411 | |
| Furniture and vehicles | 24 | €3,105 | €17,026 | +€13,921 | +448% |
| Other tangible fixed assets | 26 | €28,543 | €24,174 | -€4,369 | -15.3% |
| Financial fixed assets | 28 | €150,000 | €150,000 | = | 0.0% |
| Current assets | 29/58 | €92,205 | €81,415 | -€10,791 | -11.7% |
| Amounts receivable within one year | 40/41 | €9,738 | €26,970 | +€17,232 | +177% |
| Trade receivables | 40 | - | €4,277 | +€4,277 | |
| Other amounts receivable | 41 | €9,738 | €22,693 | +€12,955 | +133% |
| Cash at bank and in hand | 54/58 | €82,467 | €47,412 | -€35,055 | -42.5% |
| Deferred charges and accrued income | 490/1 | - | €7,032 | +€7,032 | |
| Total equity and liabilities | 10/49 | €273,853 | €935,025 | +€661,172 | +241% |
| Equity | 10/15 | €112,165 | €158,900 | +€46,735 | +41.7% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €107,165 | €153,900 | +€46,735 | +43.6% |
| Distributable reserves | 133 | €107,165 | €153,900 | +€46,735 | +43.6% |
| Amounts payable | 17/49 | €161,688 | €776,126 | +€614,438 | +380% |
| Amounts payable after more than one year | 17 | €104,667 | €548,237 | +€443,570 | +424% |
| Financial debts | 170/4 | €104,667 | €548,237 | +€443,570 | +424% |
| Amounts payable within one year | 42/48 | €56,003 | €226,891 | +€170,887 | +305% |
| Current portion of amounts payable after more than one year | 42 | €18,564 | €37,006 | +€18,442 | +99.3% |
| Trade debts | 44 | - | €1,263 | +€1,263 | |
| Suppliers | 440/4 | - | €1,263 | +€1,263 | |
| Taxes, remuneration and social security | 45 | €31,762 | €24,000 | -€7,762 | -24.4% |
| Taxes | 450/3 | €29,919 | €22,768 | -€7,152 | -23.9% |
| Remuneration and social security | 454/9 | €1,842 | €1,232 | -€610 | -33.1% |
| Other amounts payable | 47/48 | €5,678 | €164,623 | +€158,945 | +2,799% |
| Accrued charges and deferred income | 492/3 | €1,018 | €998 | -€20 | -2.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,456 | €10,642 | +€6,186 | +139% |
| Other operating charges | 640/8 | €387 | €30,341 | +€29,954 | +7,733% |
| Gross operating margin | 9900 | €98,968 | €98,515 | -€454 | -0.5% |
| Operating profit (loss) | 9901 | €94,125 | €57,531 | -€36,593 | -38.9% |
| Financial income | 75/76B | - | €112 | +€112 | |
| Recurring financial income | 75 | - | €112 | +€112 | |
| Financial charges | 65/66B | €7,060 | €8,358 | +€1,299 | +18.4% |
| Recurring financial charges | 65 | €7,060 | €8,358 | +€1,299 | +18.4% |
| Profit (loss) for the period before taxes | 9903 | €87,065 | €49,285 | -€37,780 | -43.4% |
| Income taxes | 67/77 | €22,738 | €2,550 | -€20,188 | -88.8% |
| Profit (loss) for the period | 9904 | €64,327 | €46,735 | -€17,592 | -27.3% |
| Profit (loss) for the period to be appropriated | 9905 | €64,327 | €46,735 | -€17,592 | -27.3% |
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.