Milloen: what changed
Two fiscal 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.
Milloen
Largest movements
- Receivables within one year -€4,999
down €4,999 (-41.6%), from €12,007 to €7,008
of which Other amounts receivable: -€6,511
- Stocks and contracts +€4,718
up €4,718 (+60.7%), from €7,773 to €12,490
- Tangible fixed assets -€4,271
down €4,271 (-7.5%), from €57,044 to €52,773
of which Furniture and vehicles: -€3,874
- Cash -€3,343
down €3,343 (-4.4%), from €76,439 to €73,097
mainly Investment in fixed assets (net) (-€14,802) and Tax, wage and social debts (-€7,265)
- Deferred charges and accrued income +€2,200
new in 2025: €2,200
- Tax, wage and social debts -€7,265
down €7,265 (-45.3%), from €16,025 to €8,760
of which Remuneration and social security: -€6,515
- Gross operating margin -€21,491
down €21,491 (-25.4%), from €84,513 to €63,022
- Staff costs -€20,279
down €20,279 (-32.9%), from €61,554 to €41,275
- Depreciation +€5,669
up €5,669 (+42.3%), from €13,403 to €19,072
- Taxes -€1,118
down €1,118 (-97.1%), from €1,151 to €33
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 | €153,263 | €147,568 | -€5,695 | -3.7% |
| Fixed assets | 21/28 | €57,044 | €52,773 | -€4,271 | -7.5% |
| Tangible fixed assets | 22/27 | €57,044 | €52,773 | -€4,271 | -7.5% |
| Plant, machinery and equipment | 23 | €39,527 | €39,130 | -€397 | -1.0% |
| Furniture and vehicles | 24 | €17,516 | €13,643 | -€3,874 | -22.1% |
| Current assets | 29/58 | €96,219 | €94,795 | -€1,424 | -1.5% |
| Stocks and contracts in progress | 3 | €7,773 | €12,490 | +€4,718 | +60.7% |
| Stocks | 30/36 | €7,773 | €12,490 | +€4,718 | +60.7% |
| Amounts receivable within one year | 40/41 | €12,007 | €7,008 | -€4,999 | -41.6% |
| Trade receivables | 40 | €4,007 | €5,520 | +€1,513 | +37.7% |
| Other amounts receivable | 41 | €8,000 | €1,489 | -€6,511 | -81.4% |
| Cash at bank and in hand | 54/58 | €76,439 | €73,097 | -€3,343 | -4.4% |
| Deferred charges and accrued income | 490/1 | - | €2,200 | +€2,200 | |
| Total equity and liabilities | 10/49 | €153,263 | €147,568 | -€5,695 | -3.7% |
| Equity | 10/15 | €128,979 | €130,142 | +€1,162 | +0.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €108,519 | €109,682 | +€1,162 | +1.1% |
| Amounts payable | 17/49 | €24,284 | €17,427 | -€6,857 | -28.2% |
| Amounts payable within one year | 42/48 | €24,284 | €17,427 | -€6,857 | -28.2% |
| Trade debts | 44 | €8,258 | €8,667 | +€409 | +4.9% |
| Suppliers | 440/4 | €8,258 | €8,667 | +€409 | +4.9% |
| Taxes, remuneration and social security | 45 | €16,025 | €8,760 | -€7,265 | -45.3% |
| Taxes | 450/3 | €5,223 | €4,473 | -€750 | -14.4% |
| Remuneration and social security | 454/9 | €10,802 | €4,287 | -€6,515 | -60.3% |
| Non-recurring operating income | 76A | €7,868 | - | -€7,868 | |
| Remuneration, social security and pensions | 62 | €61,554 | €41,275 | -€20,279 | -32.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,403 | €19,072 | +€5,669 | +42.3% |
| Other operating charges | 640/8 | €476 | €504 | +€28 | +6.0% |
| Gross operating margin | 9900 | €84,513 | €63,022 | -€21,491 | -25.4% |
| Operating profit (loss) | 9901 | €9,080 | €2,170 | -€6,910 | -76.1% |
| Financial income | 75/76B | €64 | €622 | +€559 | +879.4% |
| Recurring financial income | 75 | €64 | €622 | +€559 | +879.4% |
| Financial charges | 65/66B | €1,476 | €1,597 | +€121 | +8.2% |
| Recurring financial charges | 65 | €1,476 | €1,597 | +€121 | +8.2% |
| Profit (loss) for the period before taxes | 9903 | €7,668 | €1,195 | -€6,472 | -84.4% |
| Income taxes | 67/77 | €1,151 | €33 | -€1,118 | -97.1% |
| Profit (loss) for the period | 9904 | €6,516 | €1,162 | -€5,354 | -82.2% |
| Profit (loss) for the period to be appropriated | 9905 | €6,516 | €1,162 | -€5,354 | -82.2% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.