MILLFLOOR: 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.
MILLFLOOR
Largest movements
- Receivables within one year +€379,976
up €379,976 (+168%), from €225,531 to €605,507
of which Trade receivables: +€414,882
- Cash -€77,024
down €77,024 (-89.0%), from €86,539 to €9,515
mainly Receivables within one year (-€379,976) and Tax, wage and social debts (-€36,274)
- Stocks and contracts +€28,808
up €28,808 (+26.4%), from €108,953 to €137,761
- Trade debts +€228,267
up €228,267 (+199%), from €114,567 to €342,834
- Short-term financial debts +€200,000
new in 2025: €200,000
- Tax, wage and social debts -€36,274
down €36,274 (-55.6%), from €65,295 to €29,021
of which Taxes: -€35,477
- Debts after one year -€36,082
down €36,082 (-26.5%), from €136,082 to €100,000
- Gross operating margin -€60,323
down €60,323 (-35.9%), from €168,034 to €107,711
- Staff costs -€21,067
down €21,067 (-30.9%), from €68,084 to €47,018
- Taxes -€9,365
down €9,365 (-53.1%), from €17,625 to €8,261
- Other operating charges +€3,590
up €3,590 (+72.2%), from €4,972 to €8,562
- Financial charges -€2,962
down €2,962 (-10.7%), from €27,647 to €24,685
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 | €490,401 | €828,070 | +€337,669 | +68.9% |
| Fixed assets | 21/28 | €42,699 | €40,862 | -€1,836 | -4.3% |
| Tangible fixed assets | 22/27 | €39,474 | €37,638 | -€1,836 | -4.7% |
| Plant, machinery and equipment | 23 | €10,709 | €6,883 | -€3,826 | -35.7% |
| Furniture and vehicles | 24 | €28,729 | €30,755 | +€2,026 | +7.1% |
| Other tangible fixed assets | 26 | €36 | €0 | -€36 | -100% |
| Financial fixed assets | 28 | €3,225 | €3,225 | = | 0.0% |
| Current assets | 29/58 | €447,702 | €787,208 | +€339,505 | +75.8% |
| Stocks and contracts in progress | 3 | €108,953 | €137,761 | +€28,808 | +26.4% |
| Stocks | 30/36 | €108,953 | €137,761 | +€28,808 | +26.4% |
| Amounts receivable within one year | 40/41 | €225,531 | €605,507 | +€379,976 | +168% |
| Trade receivables | 40 | €168,531 | €583,414 | +€414,882 | +246% |
| Other amounts receivable | 41 | €57,000 | €22,093 | -€34,906 | -61.2% |
| Cash at bank and in hand | 54/58 | €86,539 | €9,515 | -€77,024 | -89.0% |
| Deferred charges and accrued income | 490/1 | €26,679 | €34,425 | +€7,746 | +29.0% |
| Total equity and liabilities | 10/49 | €490,401 | €828,070 | +€337,669 | +68.9% |
| Equity | 10/15 | €148,514 | €149,256 | +€742 | +0.5% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €142,314 | €142,314 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €140,454 | €140,454 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | €742 | +€742 | |
| Amounts payable | 17/49 | €341,887 | €678,814 | +€336,927 | +98.5% |
| Amounts payable after more than one year | 17 | €136,082 | €100,000 | -€36,082 | -26.5% |
| Financial debts | 170/4 | €136,082 | €100,000 | -€36,082 | -26.5% |
| Amounts payable within one year | 42/48 | €201,121 | €577,271 | +€376,151 | +187% |
| Current portion of amounts payable after more than one year | 42 | €7,088 | €4,842 | -€2,245 | -31.7% |
| Financial debts | 43 | - | €200,000 | +€200,000 | |
| Credit institutions | 430/8 | - | €200,000 | +€200,000 | |
| Trade debts | 44 | €114,567 | €342,834 | +€228,267 | +199% |
| Suppliers | 440/4 | €114,567 | €342,834 | +€228,267 | +199% |
| Advances received on contracts in progress | 46 | €7,375 | €0 | -€7,375 | -100% |
| Taxes, remuneration and social security | 45 | €65,295 | €29,021 | -€36,274 | -55.6% |
| Taxes | 450/3 | €50,103 | €14,626 | -€35,477 | -70.8% |
| Remuneration and social security | 454/9 | €15,193 | €14,395 | -€797 | -5.2% |
| Other amounts payable | 47/48 | €6,796 | €574 | -€6,222 | -91.5% |
| Accrued charges and deferred income | 492/3 | €4,685 | €1,542 | -€3,143 | -67.1% |
| Non-recurring operating income | 76A | - | €1,020 | +€1,020 | |
| Remuneration, social security and pensions | 62 | €68,084 | €47,018 | -€21,067 | -30.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,694 | €18,448 | -€1,246 | -6.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €2,849 | €0 | -€2,849 | -100% |
| Other operating charges | 640/8 | €4,972 | €8,562 | +€3,590 | +72.2% |
| Gross operating margin | 9900 | €168,034 | €107,711 | -€60,323 | -35.9% |
| Operating profit (loss) | 9901 | €72,435 | €33,683 | -€38,752 | -53.5% |
| Financial income | 75/76B | €2,663 | €5 | -€2,659 | -99.8% |
| Recurring financial income | 75 | €2,663 | €5 | -€2,659 | -99.8% |
| Financial charges | 65/66B | €27,647 | €24,685 | -€2,962 | -10.7% |
| Recurring financial charges | 65 | €27,647 | €24,685 | -€2,962 | -10.7% |
| Profit (loss) for the period before taxes | 9903 | €47,451 | €9,003 | -€38,448 | -81.0% |
| Income taxes | 67/77 | €17,625 | €8,261 | -€9,365 | -53.1% |
| Profit (loss) for the period | 9904 | €29,826 | €742 | -€29,084 | -97.5% |
| Profit (loss) for the period to be appropriated | 9905 | €29,826 | €742 | -€29,084 | -97.5% |
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 26 October 2026 via checked.be.