PISCINES MILLACI: 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.
PISCINES MILLACI
Largest movements
- Tangible fixed assets -€30,124
down €30,124 (-20.7%), from €145,552 to €115,428
- Cash -€3,865
down €3,865 (-73.9%), from €5,232 to €1,367
mainly Short-term financial debts (-€23,634) and Tax, wage and social debts (-€15,082)
- Stocks and contracts +€3,459
up €3,459 (+31.3%), from €11,067 to €14,526
- Short-term financial debts -€23,634
down €23,634 (-47.3%), from €49,959 to €26,325
- Tax, wage and social debts -€15,082
down €15,082 (-50.3%), from €29,957 to €14,875
of which Remuneration and social security: -€16,575
- Current portion of long-term debt -€5,617
no longer reported in 2025 (was €5,617)
- Reserves +€5,523
up €5,523 (+8.4%), from €65,887 to €71,410
- Other debts +€4,292
new in 2025: €4,292
- Staff costs -€68,286
down €68,286 (-52.2%), from €130,835 to €62,549
- Gross operating margin +€23,453
up €23,453 (+28.1%), from €83,491 to €106,944
- Depreciation +€2,543
up €2,543 (+8.7%), from €29,187 to €31,730
- Financial income -€2,087
down €2,087 (-99.3%), from €2,102 to €15
- Financial charges +€1,835
up €1,835 (+44.1%), from €4,159 to €5,994
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 | €168,767 | €139,596 | -€29,171 | -17.3% |
| Fixed assets | 21/28 | €146,084 | €115,860 | -€30,224 | -20.7% |
| Intangible fixed assets | 21 | €491 | €391 | -€100 | -20.4% |
| Tangible fixed assets | 22/27 | €145,552 | €115,428 | -€30,124 | -20.7% |
| Plant, machinery and equipment | 23 | €18,777 | €14,964 | -€3,813 | -20.3% |
| Furniture and vehicles | 24 | €20,880 | €14,885 | -€5,995 | -28.7% |
| Leasing and similar rights | 25 | €8,169 | €1,996 | -€6,173 | -75.6% |
| Other tangible fixed assets | 26 | €97,726 | €83,583 | -€14,143 | -14.5% |
| Financial fixed assets | 28 | €41 | €41 | = | 0.0% |
| Current assets | 29/58 | €22,683 | €23,736 | +€1,053 | +4.6% |
| Stocks and contracts in progress | 3 | €11,067 | €14,526 | +€3,459 | +31.3% |
| Stocks | 30/36 | €11,067 | €14,526 | +€3,459 | +31.3% |
| Amounts receivable within one year | 40/41 | €5,798 | €7,380 | +€1,582 | +27.3% |
| Trade receivables | 40 | €5,798 | €3,260 | -€2,538 | -43.8% |
| Other amounts receivable | 41 | - | €4,120 | +€4,120 | |
| Cash at bank and in hand | 54/58 | €5,232 | €1,367 | -€3,865 | -73.9% |
| Deferred charges and accrued income | 490/1 | €586 | €463 | -€123 | -21.0% |
| Total equity and liabilities | 10/49 | €168,767 | €139,596 | -€29,171 | -17.3% |
| Equity | 10/15 | €69,887 | €75,410 | +€5,523 | +7.9% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Reserves | 13 | €65,887 | €71,410 | +€5,523 | +8.4% |
| Distributable reserves | 133 | €65,887 | €71,410 | +€5,523 | +8.4% |
| Amounts payable | 17/49 | €98,880 | €64,186 | -€34,694 | -35.1% |
| Amounts payable within one year | 42/48 | €97,293 | €62,236 | -€35,057 | -36.0% |
| Current portion of amounts payable after more than one year | 42 | €5,617 | - | -€5,617 | |
| Financial debts | 43 | €49,959 | €26,325 | -€23,634 | -47.3% |
| Credit institutions | 430/8 | €49,959 | €26,325 | -€23,634 | -47.3% |
| Trade debts | 44 | €11,760 | €15,355 | +€3,595 | +30.6% |
| Suppliers | 440/4 | €11,760 | €15,151 | +€3,391 | +28.8% |
| Bills of exchange payable | 441 | - | €204 | +€204 | |
| Advances received on contracts in progress | 46 | - | €1,389 | +€1,389 | |
| Taxes, remuneration and social security | 45 | €29,957 | €14,875 | -€15,082 | -50.3% |
| Taxes | 450/3 | €10,547 | €12,040 | +€1,493 | +14.2% |
| Remuneration and social security | 454/9 | €19,410 | €2,835 | -€16,575 | -85.4% |
| Other amounts payable | 47/48 | - | €4,292 | +€4,292 | |
| Accrued charges and deferred income | 492/3 | €1,587 | €1,950 | +€363 | +22.9% |
| Remuneration, social security and pensions | 62 | €130,835 | €62,549 | -€68,286 | -52.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €29,187 | €31,730 | +€2,543 | +8.7% |
| Other operating charges | 640/8 | €892 | €805 | -€87 | -9.8% |
| Gross operating margin | 9900 | €83,491 | €106,944 | +€23,453 | +28.1% |
| Operating profit (loss) | 9901 | -€77,423 | €11,860 | +€89,283 | |
| Financial income | 75/76B | €2,102 | €15 | -€2,087 | -99.3% |
| Recurring financial income | 75 | €2,102 | €15 | -€2,087 | -99.3% |
| Financial charges | 65/66B | €4,159 | €5,994 | +€1,835 | +44.1% |
| Recurring financial charges | 65 | €4,159 | €5,994 | +€1,835 | +44.1% |
| Profit (loss) for the period before taxes | 9903 | -€79,480 | €5,881 | +€85,361 | |
| Income taxes | 67/77 | €372 | €358 | -€14 | -3.8% |
| Profit (loss) for the period | 9904 | -€79,852 | €5,523 | +€85,375 | |
| Profit (loss) for the period to be appropriated | 9905 | -€79,852 | €5,523 | +€85,375 |
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 26 October 2026 via checked.be.