Millstone: 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.
Millstone
Largest movements
- Cash -€28,935
down €28,935 (-90.8%), from €31,878 to €2,943
- Receivables within one year -€27,430
down €27,430 (-96.8%), from €28,337 to €908
of which Trade receivables: -€27,947
- Tangible fixed assets -€8,289
down €8,289 (-74.3%), from €11,153 to €2,864
of which Furniture and vehicles: -€5,236
- Profit (loss) carried forward -€38,462
down €38,462 (-110.2%), from -€34,912 to -€73,373
- Other debts -€19,863
down €19,863 (-32.5%), from €61,038 to €41,175
- Short-term financial debts -€7,971
no longer reported in 2024 (was €7,971)
- Trade debts +€4,959
up €4,959 (+185.8%), from €2,669 to €7,629
- Tax, wage and social debts -€4,004
down €4,004 (-75.7%), from €5,288 to €1,284
- Gross operating margin -€65,315
down €65,315, from €60,468 to -€4,846
- Depreciation -€5,436
down €5,436 (-85.2%), from €6,379 to €943
From the 2021 result to the 2024 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
A cash bridge needs two consecutive fiscal years: one year's result and depreciation cannot explain a change over several years. Pick two years that follow each other.
Every line side by side
| Line | Code | 2021 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €72,055 | €6,714 | -€65,341 | -90.7% |
| Fixed assets | 21/28 | €11,153 | €2,864 | -€8,289 | -74.3% |
| Intangible fixed assets | 21 | €0 | - | = | |
| Tangible fixed assets | 22/27 | €11,153 | €2,864 | -€8,289 | -74.3% |
| Plant, machinery and equipment | 23 | €241 | - | -€241 | |
| Furniture and vehicles | 24 | €5,236 | - | -€5,236 | |
| Other tangible fixed assets | 26 | €5,676 | €2,864 | -€2,812 | -49.5% |
| Current assets | 29/58 | €60,902 | €3,851 | -€57,052 | -93.7% |
| Amounts receivable within one year | 40/41 | €28,337 | €908 | -€27,430 | -96.8% |
| Trade receivables | 40 | €28,337 | €390 | -€27,947 | -98.6% |
| Other amounts receivable | 41 | - | €517 | +€517 | |
| Cash at bank and in hand | 54/58 | €31,878 | €2,943 | -€28,935 | -90.8% |
| Deferred charges and accrued income | 490/1 | €687 | - | -€687 | |
| Total equity and liabilities | 10/49 | €72,055 | €6,714 | -€65,341 | -90.7% |
| Equity | 10/15 | -€4,912 | -€43,373 | -€38,462 | -783.1% |
| Contributions | 10/11 | €30,000 | €30,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€34,912 | -€73,373 | -€38,462 | -110.2% |
| Amounts payable | 17/49 | €76,967 | €50,088 | -€26,879 | -34.9% |
| Amounts payable within one year | 42/48 | €76,967 | €50,088 | -€26,879 | -34.9% |
| Financial debts | 43 | €7,971 | - | -€7,971 | |
| Credit institutions | 430/8 | €7,971 | - | -€7,971 | |
| Trade debts | 44 | €2,669 | €7,629 | +€4,959 | +185.8% |
| Suppliers | 440/4 | €2,669 | €7,629 | +€4,959 | +185.8% |
| Taxes, remuneration and social security | 45 | €5,288 | €1,284 | -€4,004 | -75.7% |
| Taxes | 450/3 | €5,288 | €1,284 | -€4,004 | -75.7% |
| Other amounts payable | 47/48 | €61,038 | €41,175 | -€19,863 | -32.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,379 | €943 | -€5,436 | -85.2% |
| Other operating charges | 640/8 | €348 | - | -€348 | |
| Gross operating margin | 9900 | €60,468 | -€4,846 | -€65,315 | |
| Operating profit (loss) | 9901 | €53,742 | -€5,789 | -€59,531 | |
| Financial charges | 65/66B | €58 | €132 | +€74 | +126.6% |
| Recurring financial charges | 65 | €58 | €132 | +€74 | +126.6% |
| Profit (loss) for the period before taxes | 9903 | €53,684 | -€5,921 | -€59,604 | |
| Income taxes | 67/77 | €179 | €193 | +€14 | +7.7% |
| Profit (loss) for the period | 9904 | €53,505 | -€6,113 | -€59,618 | |
| Profit (loss) for the period to be appropriated | 9905 | €53,505 | -€6,113 | -€59,618 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2021 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.