MILLETTE: 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.
MILLETTE
Largest movements
- Stocks and contracts -€250,314
down €250,314 (-99.0%), from €252,800 to €2,486
- Receivables within one year -€9,984
no longer reported in 2025 (was €9,984)
- Cash +€7,505
up €7,505 (+111%), from €6,784 to €14,289
mainly Stocks and contracts (+€250,314) and Other debts (+€10,977)
- Tangible fixed assets +€3,718
up €3,718 (+309%), from €1,204 to €4,922
- Current portion of long-term debt -€184,000
no longer reported in 2025 (was €184,000)
- Reserves -€28,312
no longer reported in 2025 (was €28,312)
- Profit (loss) carried forward -€25,561
new in 2025: -€25,561
- Tax, wage and social debts -€12,204
down €12,204 (-80.7%), from €15,114 to €2,911
- Other debts +€10,977
up €10,977 (+41.8%), from €26,271 to €37,248
- Gross operating margin -€89,478
down €89,478, from €45,557 to -€43,921
- Taxes -€10,982
down €10,982 (-99.8%), from €11,000 to €18
- Financial charges +€6,241
up €6,241 (+624%), from €1,000 to €7,240
- Write-downs +€1,166
new in 2025: €1,166
- Other operating charges +€676
up €676 (+176%), from €384 to €1,060
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 | €270,772 | €22,471 | -€248,301 | -91.7% |
| Fixed assets | 21/28 | €1,204 | €4,922 | +€3,718 | +309% |
| Tangible fixed assets | 22/27 | €1,204 | €4,922 | +€3,718 | +309% |
| Furniture and vehicles | 24 | €1,204 | €4,922 | +€3,718 | +309% |
| Current assets | 29/58 | €269,568 | €17,549 | -€252,019 | -93.5% |
| Stocks and contracts in progress | 3 | €252,800 | €2,486 | -€250,314 | -99.0% |
| Stocks | 30/36 | €252,800 | €2,486 | -€250,314 | -99.0% |
| Amounts receivable within one year | 40/41 | €9,984 | - | -€9,984 | |
| Trade receivables | 40 | €9,984 | - | -€9,984 | |
| Cash at bank and in hand | 54/58 | €6,784 | €14,289 | +€7,505 | +111% |
| Deferred charges and accrued income | 490/1 | - | €774 | +€774 | |
| Total equity and liabilities | 10/49 | €270,772 | €22,471 | -€248,301 | -91.7% |
| Equity | 10/15 | €33,312 | -€20,561 | -€53,872 | |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €28,312 | - | -€28,312 | |
| Distributable reserves | 133 | €28,312 | - | -€28,312 | |
| Profit (loss) carried forward | 14 | - | -€25,561 | -€25,561 | |
| Amounts payable | 17/49 | €237,460 | €43,032 | -€194,428 | -81.9% |
| Amounts payable within one year | 42/48 | €237,460 | €43,032 | -€194,428 | -81.9% |
| Current portion of amounts payable after more than one year | 42 | €184,000 | - | -€184,000 | |
| Trade debts | 44 | €12,075 | €2,873 | -€9,202 | -76.2% |
| Suppliers | 440/4 | €12,075 | €2,873 | -€9,202 | -76.2% |
| Taxes, remuneration and social security | 45 | €15,114 | €2,911 | -€12,204 | -80.7% |
| Taxes | 450/3 | €15,114 | €2,911 | -€12,204 | -80.7% |
| Other amounts payable | 47/48 | €26,271 | €37,248 | +€10,977 | +41.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €146 | €482 | +€336 | +230% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €1,166 | +€1,166 | |
| Other operating charges | 640/8 | €384 | €1,060 | +€676 | +176% |
| Non-recurring operating charges | 66A | €140 | - | -€140 | |
| Gross operating margin | 9900 | €45,557 | -€43,921 | -€89,478 | |
| Operating profit (loss) | 9901 | €44,887 | -€46,629 | -€91,516 | |
| Financial income | 75/76B | €2 | €15 | +€13 | +580% |
| Recurring financial income | 75 | €2 | €15 | +€13 | +580% |
| Financial charges | 65/66B | €1,000 | €7,240 | +€6,241 | +624% |
| Recurring financial charges | 65 | €1,000 | €7,240 | +€6,241 | +624% |
| Profit (loss) for the period before taxes | 9903 | €43,889 | -€53,854 | -€97,744 | |
| Income taxes | 67/77 | €11,000 | €18 | -€10,982 | -99.8% |
| Profit (loss) for the period | 9904 | €32,889 | -€53,872 | -€86,762 | |
| Profit (loss) for the period to be appropriated | 9905 | €32,889 | -€53,872 | -€86,762 |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 25 October 2026 via checked.be.