MILLS & MOORE: 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.
MILLS & MOORE
Largest movements
- Stocks and contracts +€1.2m
up €1.2m (+42.6%), from €2.8m to €4.0m
- Tangible fixed assets -€240,590
down €240,590 (-8.5%), from €2.8m to €2.6m
of which Land and buildings: -€261,028
- Other debts +€660,000
up €660,000 (+12.6%), from €5.3m to €5.9m
- Trade debts +€177,803
up €177,803 (+2,627%), from €6,767 to €184,571
- Reserves +€70,446
new in 2025: €70,446
- Gross operating margin +€78,988
up €78,988 (+100%), from €78,642 to €157,630
- Depreciation +€4,553
up €4,553 (+7.4%), from €61,460 to €66,012
- Financial charges -€2,442
down €2,442 (-60.7%), from €4,024 to €1,581
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 | €5,717,144 | €6,635,025 | +€917,881 | +16.1% |
| Fixed assets | 21/28 | €2,831,049 | €2,590,459 | -€240,590 | -8.5% |
| Tangible fixed assets | 22/27 | €2,831,049 | €2,590,459 | -€240,590 | -8.5% |
| Land and buildings | 22 | €2,822,863 | €2,561,835 | -€261,028 | -9.2% |
| Plant, machinery and equipment | 23 | €8,186 | €27,866 | +€19,680 | +240% |
| Furniture and vehicles | 24 | - | €757 | +€757 | |
| Current assets | 29/58 | €2,886,095 | €4,044,567 | +€1.2m | +40.1% |
| Stocks and contracts in progress | 3 | €2,774,151 | €3,954,741 | +€1.2m | +42.6% |
| Contracts in progress | 37 | €2,774,151 | €3,954,741 | +€1.2m | +42.6% |
| Amounts receivable within one year | 40/41 | €69,487 | €70,093 | +€606 | +0.9% |
| Trade receivables | 40 | €66,280 | €66,280 | = | 0.0% |
| Other amounts receivable | 41 | €3,207 | €3,813 | +€606 | +18.9% |
| Cash at bank and in hand | 54/58 | €37,543 | €14,098 | -€23,445 | -62.4% |
| Deferred charges and accrued income | 490/1 | €4,915 | €5,635 | +€721 | +14.7% |
| Total equity and liabilities | 10/49 | €5,717,144 | €6,635,025 | +€917,881 | +16.1% |
| Equity | 10/15 | €453,727 | €532,446 | +€78,718 | +17.3% |
| Contributions | 10/11 | €462,000 | €462,000 | = | 0.0% |
| Capital | 10 | €462,000 | €462,000 | = | 0.0% |
| Issued capital | 100 | €462,000 | €462,000 | = | 0.0% |
| Reserves | 13 | - | €70,446 | +€70,446 | |
| Distributable reserves | 133 | - | €70,446 | +€70,446 | |
| Profit (loss) carried forward | 14 | -€8,273 | - | +€8,273 | |
| Amounts payable | 17/49 | €5,263,417 | €6,102,580 | +€839,163 | +15.9% |
| Amounts payable within one year | 42/48 | €5,261,412 | €6,100,465 | +€839,053 | +15.9% |
| Trade debts | 44 | €6,767 | €184,571 | +€177,803 | +2,627% |
| Suppliers | 440/4 | €6,767 | €184,571 | +€177,803 | +2,627% |
| Taxes, remuneration and social security | 45 | - | €1,250 | +€1,250 | |
| Taxes | 450/3 | - | €1,250 | +€1,250 | |
| Other amounts payable | 47/48 | €5,254,644 | €5,914,644 | +€660,000 | +12.6% |
| Accrued charges and deferred income | 492/3 | €2,005 | €2,115 | +€110 | +5.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €61,460 | €66,012 | +€4,553 | +7.4% |
| Other operating charges | 640/8 | €10,622 | €10,068 | -€554 | -5.2% |
| Gross operating margin | 9900 | €78,642 | €157,630 | +€78,988 | +100% |
| Operating profit (loss) | 9901 | €6,560 | €81,550 | +€74,989 | +1,143% |
| Financial charges | 65/66B | €4,024 | €1,581 | -€2,442 | -60.7% |
| Recurring financial charges | 65 | €4,024 | €1,581 | -€2,442 | -60.7% |
| Profit (loss) for the period before taxes | 9903 | €2,537 | €79,968 | +€77,431 | +3,052% |
| Income taxes | 67/77 | - | €1,250 | +€1,250 | |
| Profit (loss) for the period | 9904 | €2,537 | €78,718 | +€76,181 | +3,003% |
| Profit (loss) for the period to be appropriated | 9905 | €2,537 | €78,718 | +€76,181 | +3,003% |
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 20 October 2026 via checked.be.