MILLIM: 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.
MILLIM
Largest movements
- Current investments +€81,613
new in 2025: €81,613
- Cash -€53,609
down €53,609 (-37.9%), from €141,551 to €87,942
mainly Current investments (-€81,613) and Receivables within one year (-€21,912)
- Receivables within one year +€21,912
up €21,912 (+177.3%), from €12,355 to €34,267
- Reserves +€53,593
up €53,593 (+49.6%), from €107,993 to €161,586
- Accrued charges and deferred income -€19,857
down €19,857 (-90.3%), from €22,000 to €2,143
- Tax, wage and social debts +€13,913
up €13,913 (+107.2%), from €12,983 to €26,896
of which Taxes: +€15,389
- Trade debts +€2,125
up €2,125 (+254.5%), from €835 to €2,960
- Gross operating margin -€25,887
down €25,887 (-26.0%), from €99,415 to €73,528
- Taxes -€4,611
down €4,611 (-20.8%), from €22,175 to €17,564
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 | €154,126 | €204,234 | +€50,108 | +32.5% |
| Current assets | 29/58 | €154,126 | €204,234 | +€50,108 | +32.5% |
| Amounts receivable within one year | 40/41 | €12,355 | €34,267 | +€21,912 | +177.3% |
| Trade receivables | 40 | €12,355 | €34,267 | +€21,912 | +177.3% |
| Current investments | 50/53 | - | €81,613 | +€81,613 | |
| Cash at bank and in hand | 54/58 | €141,551 | €87,942 | -€53,609 | -37.9% |
| Deferred charges and accrued income | 490/1 | €220 | €411 | +€191 | +87.0% |
| Total equity and liabilities | 10/49 | €154,126 | €204,234 | +€50,108 | +32.5% |
| Equity | 10/15 | €110,993 | €164,586 | +€53,593 | +48.3% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €107,993 | €161,586 | +€53,593 | +49.6% |
| Distributable reserves | 133 | €107,993 | €161,586 | +€53,593 | +49.6% |
| Amounts payable | 17/49 | €43,133 | €39,647 | -€3,486 | -8.1% |
| Amounts payable within one year | 42/48 | €21,133 | €37,504 | +€16,371 | +77.5% |
| Trade debts | 44 | €835 | €2,960 | +€2,125 | +254.5% |
| Suppliers | 440/4 | €835 | €2,960 | +€2,125 | +254.5% |
| Taxes, remuneration and social security | 45 | €12,983 | €26,896 | +€13,913 | +107.2% |
| Taxes | 450/3 | €11,507 | €26,896 | +€15,389 | +133.7% |
| Remuneration and social security | 454/9 | €1,476 | - | -€1,476 | |
| Other amounts payable | 47/48 | €7,316 | €7,648 | +€333 | +4.5% |
| Accrued charges and deferred income | 492/3 | €22,000 | €2,143 | -€19,857 | -90.3% |
| Other operating charges | 640/8 | €193 | €583 | +€389 | +201.4% |
| Gross operating margin | 9900 | €99,415 | €73,528 | -€25,887 | -26.0% |
| Operating profit (loss) | 9901 | €99,221 | €72,945 | -€26,276 | -26.5% |
| Financial income | 75/76B | €581 | €76 | -€505 | -86.9% |
| Recurring financial income | 75 | €581 | €76 | -€505 | -86.9% |
| Financial charges | 65/66B | €1,099 | €1,864 | +€765 | +69.6% |
| Recurring financial charges | 65 | €1,099 | €1,864 | +€765 | +69.6% |
| Profit (loss) for the period before taxes | 9903 | €98,704 | €71,158 | -€27,546 | -27.9% |
| Income taxes | 67/77 | €22,175 | €17,564 | -€4,611 | -20.8% |
| Profit (loss) for the period | 9904 | €76,529 | €53,593 | -€22,936 | -30.0% |
| Profit (loss) for the period to be appropriated | 9905 | €76,529 | €53,593 | -€22,936 | -30.0% |
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 11 October 2026 via checked.be.