MILLIMAN: 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.
MILLIMAN
Largest movements
- Receivables within one year +€261,221
up €261,221 (+10.4%), from €2.5m to €2.8m
of which Other amounts receivable: +€440,351
- Other debts +€349,305
up €349,305 (+39.5%), from €884,919 to €1.2m
- Accrued charges and deferred income -€104,962
down €104,962 (-100%), from €104,962 to €0
- Profit (loss) carried forward +€72,113
up €72,113 (+5.5%), from €1.3m to €1.4m
- Trade debts -€53,817
down €53,817 (-36.6%), from €147,050 to €93,232
- Gross operating margin +€93,226
up €93,226 (+28.6%), from €326,102 to €419,329
- Staff costs +€89,590
up €89,590 (+44.3%), from €202,284 to €291,873
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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,515,893 | €2,804,184 | +€288,291 | +11.5% |
| Fixed assets | 21/28 | €11,190 | €25,510 | +€14,320 | +128% |
| Financial fixed assets | 28 | €11,190 | €25,510 | +€14,320 | +128% |
| Current assets | 29/58 | €2,504,703 | €2,778,674 | +€273,971 | +10.9% |
| Amounts receivable within one year | 40/41 | €2,503,903 | €2,765,124 | +€261,221 | +10.4% |
| Trade receivables | 40 | €464,084 | €284,955 | -€179,129 | -38.6% |
| Other amounts receivable | 41 | €2,039,819 | €2,480,169 | +€440,351 | +21.6% |
| Deferred charges and accrued income | 490/1 | €800 | €13,550 | +€12,750 | +1,594% |
| Total equity and liabilities | 10/49 | €2,515,893 | €2,804,184 | +€288,291 | +11.5% |
| Equity | 10/15 | €1,317,541 | €1,389,653 | +€72,113 | +5.5% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,855 | €1,855 | = | 0.0% |
| Distributable reserves | 133 | €1,855 | €1,855 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,309,486 | €1,381,598 | +€72,113 | +5.5% |
| Amounts payable | 17/49 | €1,198,352 | €1,414,531 | +€216,178 | +18.0% |
| Amounts payable within one year | 42/48 | €1,093,390 | €1,414,531 | +€321,140 | +29.4% |
| Trade debts | 44 | €147,050 | €93,232 | -€53,817 | -36.6% |
| Suppliers | 440/4 | €147,050 | €93,232 | -€53,817 | -36.6% |
| Taxes, remuneration and social security | 45 | €61,421 | €87,074 | +€25,652 | +41.8% |
| Taxes | 450/3 | €59,932 | €87,074 | +€27,142 | +45.3% |
| Remuneration and social security | 454/9 | €1,489 | €0 | -€1,489 | -100% |
| Other amounts payable | 47/48 | €884,919 | €1,234,225 | +€349,305 | +39.5% |
| Accrued charges and deferred income | 492/3 | €104,962 | €0 | -€104,962 | -100% |
| Remuneration, social security and pensions | 62 | €202,284 | €291,873 | +€89,590 | +44.3% |
| Gross operating margin | 9900 | €326,102 | €419,329 | +€93,226 | +28.6% |
| Operating profit (loss) | 9901 | €123,819 | €127,455 | +€3,637 | +2.9% |
| Financial income | 75/76B | - | €922 | +€922 | |
| Recurring financial income | 75 | - | €922 | +€922 | |
| Financial charges | 65/66B | €1,046 | €0 | -€1,046 | -100% |
| Recurring financial charges | 65 | €1,046 | €0 | -€1,046 | -100% |
| Profit (loss) for the period before taxes | 9903 | €122,773 | €128,377 | +€5,605 | +4.6% |
| Income taxes | 67/77 | €32,275 | €35,645 | +€3,370 | +10.4% |
| Profit (loss) for the period | 9904 | €90,498 | €92,732 | +€2,234 | +2.5% |
| Profit (loss) for the period to be appropriated | 9905 | €90,498 | €92,732 | +€2,234 | +2.5% |
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 24 October 2026 via checked.be.