Milliken Textiles: 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.
What changed
Milliken Textiles
NACE 13.960, Manufacture of textiles
financial year 2024 against 2025filed annual accounts (NBB)
Net result for the year
-€3.9m
2024 · -€1.3m-€2.6m
Equity
€8.3m
2024 · €12.2m-€3.9m
Cash
€2.1m
2024 · €3.4m-€1.3m
Balance sheet total
€18.9m
2024 · €23.1m-€4.1m
Largest movements
Assets
- Receivables within one year -€1.5m
down €1.5m (-23.5%), from €6.5m to €5.0m
of which Trade receivables: -€1.6m
- Cash -€1.3m
down €1.3m (-38.0%), from €3.4m to €2.1m
mainly Net result for the year (-€3.9m) and Investment in fixed assets (net) (-€395,290)
- Stocks and contracts -€756,965
down €756,965 (-12.0%), from €6.3m to €5.6m
- Tangible fixed assets -€535,936
down €535,936 (-8.0%), from €6.7m to €6.2m
of which Assets under construction and advance payments: -€1.0m
Equity and liabilities
- Profit (loss) carried forward -€3.9m
down €3.9m (-547.5%), from -€713,002 to -€4.6m
- Trade debts +€399,238
up €399,238 (+16.1%), from €2.5m to €2.9m
- Other debts -€352,892
down €352,892 (-6.4%), from €5.5m to €5.2m
Income statement
- Turnover -€2.9m
down €2.9m (-11.6%), from €25.0m to €22.1m
- Goods and materials -€1.4m
down €1.4m (-11.4%), from €11.8m to €10.5m
- Write-downs +€557,499
up €557,499 (+56.4%), from -€989,040 to -€431,541
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.
Result 2024
-€1.3m
Turnover
-€2.9m
Other operating income
+€65,010
Goods and materials
+€1.4m
Services and other goods
+€157,075
Staff costs
+€13,564
Depreciation
-€129,561
Write-downs
-€557,499
Provisions
-€153,500
Other operating charges
-€6,202
Other operating items
-€474,678
Financial income
-€81,669
Financial charges
+€165,886
Taxes
-€242
Result 2025
-€3.9m
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.
From operations
-€891,671
Investment
-€395,290
Financing
€0
Cash 2024
€3.4m
From operations (derived)
-€891,671
Net result for the year
-€3.9m
Depreciation
+€937,781
Stocks and contracts
+€756,965
Receivables within one year
+€1.5m
Deferred charges and accrued income
+€19,163
Provisions
+€35,000
Trade debts
+€399,238
Tax, wage and social debts
-€86,748
Other debts
-€352,892
Accrued charges and deferred income
-€220,087
Investment (derived)
-€395,290
Investment in fixed assets (net)
-€395,290
Cash 2025
€2.1m
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €23,051,000 | €18,921,846 | -€4.1m | -17.9% |
| Fixed assets | 21/28 | €6,754,776 | €6,212,285 | -€542,491 | -8.0% |
| Intangible fixed assets | 21 | €17,575 | €11,020 | -€6,555 | -37.3% |
| Tangible fixed assets | 22/27 | €6,737,201 | €6,201,265 | -€535,936 | -8.0% |
| Land and buildings | 22 | €90,273 | €86,122 | -€4,151 | -4.6% |
| Plant, machinery and equipment | 23 | €5,132,597 | €5,670,616 | +€538,019 | +10.5% |
| Furniture and vehicles | 24 | €89,695 | €65,067 | -€24,628 | -27.5% |
| Assets under construction and advance payments | 27 | €1,424,636 | €379,460 | -€1.0m | -73.4% |
| Current assets | 29/58 | €16,296,224 | €12,709,561 | -€3.6m | -22.0% |
| Stocks and contracts in progress | 3 | €6,310,538 | €5,553,573 | -€756,965 | -12.0% |
| Stocks | 30/36 | €6,310,538 | €5,553,573 | -€756,965 | -12.0% |
| Raw materials and consumables | 30/31 | €1,200,623 | €1,027,667 | -€172,956 | -14.4% |
| Work in progress | 32 | €2,934,406 | €3,355,633 | +€421,227 | +14.4% |
| Finished goods | 33 | €2,175,509 | €1,170,273 | -€1.0m | -46.2% |
| Amounts receivable within one year | 40/41 | €6,495,031 | €4,971,457 | -€1.5m | -23.5% |
| Trade receivables | 40 | €6,181,299 | €4,604,625 | -€1.6m | -25.5% |
| Other amounts receivable | 41 | €313,732 | €366,832 | +€53,100 | +16.9% |
| Cash at bank and in hand | 54/58 | €3,387,512 | €2,100,551 | -€1.3m | -38.0% |
| Deferred charges and accrued income | 490/1 | €103,143 | €83,980 | -€19,163 | -18.6% |
| Total equity and liabilities | 10/49 | €23,051,000 | €18,921,846 | -€4.1m | -17.9% |
| Equity | 10/15 | €12,154,337 | €8,250,672 | -€3.9m | -32.1% |
| Contributions | 10/11 | €12,336,234 | €12,336,234 | = | 0.0% |
| Reserves | 13 | €531,105 | €531,105 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2,330 | €2,330 | = | 0.0% |
| Other | 1319 | €2,330 | €2,330 | = | 0.0% |
| Tax-exempt reserves | 132 | €33,880 | €33,880 | = | 0.0% |
| Distributable reserves | 133 | €494,895 | €494,895 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€713,002 | -€4,616,667 | -€3.9m | -547.5% |
| Provisions and deferred taxes | 16 | - | €35,000 | +€35,000 | |
| Provisions for liabilities and charges | 160/5 | - | €35,000 | +€35,000 | |
| Other liabilities and charges | 164/5 | - | €35,000 | +€35,000 | |
| Amounts payable | 17/49 | €10,896,663 | €10,636,174 | -€260,489 | -2.4% |
| Amounts payable after more than one year | 17 | €1,048,807 | €1,048,807 | = | 0.0% |
| Other amounts payable | 178/9 | €1,048,807 | €1,048,807 | = | 0.0% |
| Amounts payable within one year | 42/48 | €9,454,315 | €9,413,913 | -€40,402 | -0.4% |
| Trade debts | 44 | €2,472,645 | €2,871,883 | +€399,238 | +16.1% |
| Suppliers | 440/4 | €2,472,645 | €2,871,883 | +€399,238 | +16.1% |
| Taxes, remuneration and social security | 45 | €1,454,429 | €1,367,681 | -€86,748 | -6.0% |
| Taxes | 450/3 | €136,537 | €57,938 | -€78,599 | -57.6% |
| Remuneration and social security | 454/9 | €1,317,892 | €1,309,743 | -€8,149 | -0.6% |
| Other amounts payable | 47/48 | €5,527,241 | €5,174,349 | -€352,892 | -6.4% |
| Accrued charges and deferred income | 492/3 | €393,541 | €173,454 | -€220,087 | -55.9% |
| Operating income | 70/76A | €25,414,707 | €22,100,813 | -€3.3m | -13.0% |
| Turnover | 70 | €25,029,032 | €22,124,477 | -€2.9m | -11.6% |
| Change in stocks of work in progress, finished goods and contracts in progress | 71 | -€544,344 | -€1,022,786 | -€478,442 | -87.9% |
| Other operating income | 74 | €928,866 | €993,876 | +€65,010 | +7.0% |
| Non-recurring operating income | 76A | €1,153 | €5,246 | +€4,093 | +355.0% |
| Operating charges | 60/66A | €26,411,586 | €25,737,331 | -€674,255 | -2.6% |
| Goods for resale, raw materials and consumables | 60 | €11,845,546 | €10,494,839 | -€1.4m | -11.4% |
| Change in stocks: decrease (increase) | 609 | -€104,255 | €165,720 | +€269,975 | |
| Services and other goods | 61 | €6,622,883 | €6,465,808 | -€157,075 | -2.4% |
| Remuneration, social security and pensions | 62 | €8,102,626 | €8,089,062 | -€13,564 | -0.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €808,220 | €937,781 | +€129,561 | +16.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€989,040 | -€431,541 | +€557,499 | +56.4% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | -€118,500 | €35,000 | +€153,500 | |
| Other operating charges | 640/8 | €137,943 | €144,145 | +€6,202 | +4.5% |
| Non-recurring operating charges | 66A | €1,908 | €2,237 | +€329 | +17.2% |
| Operating profit (loss) | 9901 | -€996,879 | -€3,636,518 | -€2.6m | -264.8% |
| Recurring financial income | 75 | €335,876 | €254,207 | -€81,669 | -24.3% |
| Income from current assets | 751 | €34,134 | €23,778 | -€10,356 | -30.3% |
| Other financial income | 752/9 | €301,742 | €230,429 | -€71,313 | -23.6% |
| Financial charges | 65/66B | €683,598 | €517,712 | -€165,886 | -24.3% |
| Recurring financial charges | 65 | €683,598 | €517,712 | -€165,886 | -24.3% |
| Debt charges | 650 | €509,285 | €173,730 | -€335,555 | -65.9% |
| Other financial charges | 652/9 | €174,313 | €343,982 | +€169,669 | +97.3% |
| Profit (loss) for the period before taxes | 9903 | -€1,344,601 | -€3,900,023 | -€2.6m | -190.1% |
| Income taxes | 67/77 | €3,400 | €3,642 | +€242 | +7.1% |
| Taxes | 670/3 | €3,400 | €3,642 | +€242 | +7.1% |
| Profit (loss) for the period | 9904 | -€1,348,001 | -€3,903,665 | -€2.6m | -189.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€1,348,001 | -€3,903,665 | -€2.6m | -189.6% |
Source: filed annual accounts (NBB), financial years ended 1 December 2024 and 30 November 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 11 October 2026 via checked.be.