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.
The Old Mill
Largest movements
- 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
- 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
- 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
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 | €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.