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The Old Mill: 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.

What changed

The Old Mill

BE 0811.451.718
NACE 68.110, Buying and selling of own real estate
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€209,697
2024 · -€93,937+€303,635
Equity
€1.3m
2024 · €1.1m+€209,697
Cash
€39,879
2024 · €23,685+€16,195
Balance sheet total
€4.3m
2024 · €3.8m+€474,305

Largest movements

2024 to 2025
Assets
  • Receivables within one year +€649,767

    up €649,767 (+21,659%), from €3,000 to €652,767

  • Tangible fixed assets -€192,000

    down €192,000 (-5.1%), from €3.8m to €3.6m

    of which Land and buildings: -€191,269

Equity and liabilities
  • Reserves +€272,197

    up €272,197 (+68.7%), from €396,303 to €668,500

    of which Tax-exempt reserves: +€283,606

  • Debts after one year +€124,972

    up €124,972 (+22.2%), from €563,748 to €688,719

  • Provisions +€94,535

    new in 2025: €94,535

  • Profit (loss) carried forward -€62,500

    down €62,500 (-65.7%), from -€95,083 to -€157,583

Income statement
  • Gross operating margin +€349,853

    up €349,853 (+285%), from €122,592 to €472,445

  • Depreciation -€77,283

    down €77,283 (-47.5%), from €162,697 to €85,413

  • Financial charges +€26,890

    up €26,890 (+60.6%), from €44,339 to €71,229

From the 2024 result to the 2025 result

effect on the 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.

Result 2024 -€93,937
Gross operating margin +€349,853
Depreciation +€77,283
Other operating charges -€2,646
Financial income +€568
Financial charges -€26,890
Taxes +€2
Deferred taxes and other -€94,535
Result 2025 €209,697
raises the resultlowers the resultnot broken down further in the accounts

Derived cash bridge

cash 2024 to 2025

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.

From operations -€223,393
Investment +€106,587
Financing +€133,000
Cash 2024 €23,685
Net result for the year +€209,697
Depreciation +€85,413
Receivables within one year -€649,767
Smaller working-capital items +€86
Provisions +€94,535
Trade debts -€2,258
Other debts +€38,900
Investment in fixed assets (net) +€106,587
Debts after one year +€124,972
Current portion of long-term debt +€8,029
Cash 2025 €39,879
brings cash intakes cash out
Every line side by side 46 lines
Line Code 2024 2025 Change %
Total assets 20/58 €3,820,208 €4,294,513 +€474,305 +12.4%
Fixed assets 21/28 €3,792,205 €3,600,205 -€192,000 -5.1%
Tangible fixed assets 22/27 €3,792,205 €3,600,205 -€192,000 -5.1%
Land and buildings 22 €3,790,400 €3,599,131 -€191,269 -5.0%
Plant, machinery and equipment 23 €1,387 €1,073 -€314 -22.6%
Furniture and vehicles 24 €418 €0 -€418 -100%
Current assets 29/58 €28,003 €694,308 +€666,305 +2,379%
Amounts receivable within one year 40/41 €3,000 €652,767 +€649,767 +21,659%
Other amounts receivable 41 €3,000 €652,767 +€649,767 +21,659%
Cash at bank and in hand 54/58 €23,685 €39,879 +€16,195 +68.4%
Deferred charges and accrued income 490/1 €1,318 €1,661 +€343 +26.0%
Total equity and liabilities 10/49 €3,820,208 €4,294,513 +€474,305 +12.4%
Equity 10/15 €1,057,220 €1,266,917 +€209,697 +19.8%
Contributions 10/11 €756,000 €756,000 = 0.0%
Reserves 13 €396,303 €668,500 +€272,197 +68.7%
Tax-exempt reserves 132 - €283,606 +€283,606
Distributable reserves 133 €396,303 €384,894 -€11,409 -2.9%
Profit (loss) carried forward 14 -€95,083 -€157,583 -€62,500 -65.7%
Provisions and deferred taxes 16 - €94,535 +€94,535
Deferred taxes 168 - €94,535 +€94,535
Amounts payable 17/49 €2,762,988 €2,933,060 +€170,072 +6.2%
Amounts payable after more than one year 17 €563,748 €688,719 +€124,972 +22.2%
Financial debts 170/4 €563,748 €688,719 +€124,972 +22.2%
Amounts payable within one year 42/48 €2,199,241 €2,244,341 +€45,100 +2.1%
Current portion of amounts payable after more than one year 42 €50,149 €58,178 +€8,029 +16.0%
Trade debts 44 €3,071 €812 -€2,258 -73.5%
Suppliers 440/4 €3,071 €812 -€2,258 -73.5%
Taxes, remuneration and social security 45 €115 €544 +€429 +373%
Taxes 450/3 €115 €544 +€429 +373%
Other amounts payable 47/48 €2,145,906 €2,184,806 +€38,900 +1.8%
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets 630 €162,697 €85,413 -€77,283 -47.5%
Other operating charges 640/8 €9,504 €12,150 +€2,646 +27.8%
Gross operating margin 9900 €122,592 €472,445 +€349,853 +285%
Operating profit (loss) 9901 -€49,609 €374,881 +€424,490
Financial income 75/76B €13 €581 +€568 +4,523%
Recurring financial income 75 €13 €581 +€568 +4,523%
Financial charges 65/66B €44,339 €71,229 +€26,890 +60.6%
Recurring financial charges 65 €44,339 €71,229 +€26,890 +60.6%
Profit (loss) for the period before taxes 9903 -€93,935 €304,233 +€398,168
Transfer from deferred taxes 780 - €876 +€876
Transfer to deferred taxes 680 - €95,412 +€95,412
Income taxes 67/77 €2 €0 -€2 -100%
Profit (loss) for the period 9904 -€93,937 €209,697 +€303,635
Transfer from tax-exempt reserves 789 - €2,629 +€2,629
Transfer to tax-exempt reserves 689 - €286,236 +€286,236
Profit (loss) for the period to be appropriated 9905 -€93,937 -€73,909 +€20,028 +21.3%

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 22 October 2026 via checked.be.