AB MILIEUSYSTEMEN: what changed
AB MILIEUSYSTEMEN
Largest movements
- Cash -€405,421
down €405,421 (-72.1%), from €562,559 to €157,138
mainly Contributions, distributions and other (-€300,000) and Trade debts (-€154,225)
- Receivables within one year +€46,814
up €46,814 (+18.6%), from €251,398 to €298,212
of which Other amounts receivable: +€41,894
- Reserves -€285,765
down €285,765 (-47.2%), from €605,016 to €319,251
- Trade debts -€154,225
down €154,225 (-49.6%), from €310,910 to €156,684
- Accrued charges and deferred income +€88,252
up €88,252 (+105%), from €83,661 to €171,913
- Gross operating margin -€69,045
down €69,045 (-70.1%), from €98,563 to €29,518
- Taxes -€19,500
down €19,500 (-73.6%), from €26,480 to €6,979
- Write-downs +€15,475
new in 2025: €15,475
- Financial charges +€14,785
up €14,785, from -€14,661 to €124
- Financial income +€3,274
up €3,274 (+70.5%), from €4,644 to €7,918
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,024,136 | €666,440 | -€357,697 | -34.9% |
| Current assets | 29/58 | €1,024,136 | €666,440 | -€357,697 | -34.9% |
| Amounts receivable within one year | 40/41 | €251,398 | €298,212 | +€46,814 | +18.6% |
| Trade receivables | 40 | €244,788 | €249,708 | +€4,920 | +2.0% |
| Other amounts receivable | 41 | €6,610 | €48,504 | +€41,894 | +634% |
| Current investments | 50/53 | €210,000 | €210,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €562,559 | €157,138 | -€405,421 | -72.1% |
| Deferred charges and accrued income | 490/1 | €180 | €1,091 | +€911 | +507% |
| Total equity and liabilities | 10/49 | €1,024,136 | €666,440 | -€357,697 | -34.9% |
| Equity | 10/15 | €623,608 | €337,843 | -€285,765 | -45.8% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €605,016 | €319,251 | -€285,765 | -47.2% |
| Distributable reserves | 133 | €605,016 | €319,251 | -€285,765 | -47.2% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €400,528 | €328,597 | -€71,931 | -18.0% |
| Amounts payable within one year | 42/48 | €316,868 | €156,684 | -€160,183 | -50.6% |
| Trade debts | 44 | €310,910 | €156,684 | -€154,225 | -49.6% |
| Suppliers | 440/4 | €310,910 | €156,684 | -€154,225 | -49.6% |
| Taxes, remuneration and social security | 45 | €5,958 | €0 | -€5,958 | -100% |
| Taxes | 450/3 | €5,958 | €0 | -€5,958 | -100% |
| Accrued charges and deferred income | 492/3 | €83,661 | €171,913 | +€88,252 | +105% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €15,475 | +€15,475 | |
| Other operating charges | 640/8 | €703 | €623 | -€81 | -11.5% |
| Gross operating margin | 9900 | €98,563 | €29,518 | -€69,045 | -70.1% |
| Operating profit (loss) | 9901 | €97,860 | €13,421 | -€84,439 | -86.3% |
| Financial income | 75/76B | €4,644 | €7,918 | +€3,274 | +70.5% |
| Recurring financial income | 75 | €4,644 | €7,918 | +€3,274 | +70.5% |
| Financial charges | 65/66B | -€14,661 | €124 | +€14,785 | |
| Recurring financial charges | 65 | -€14,661 | €124 | +€14,785 | |
| Profit (loss) for the period before taxes | 9903 | €117,165 | €21,214 | -€95,951 | -81.9% |
| Income taxes | 67/77 | €26,480 | €6,979 | -€19,500 | -73.6% |
| Profit (loss) for the period | 9904 | €90,685 | €14,235 | -€76,451 | -84.3% |
| Profit (loss) for the period to be appropriated | 9905 | €90,685 | €14,235 | -€76,451 | -84.3% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.