LE MILAN: what changed
What changed
LE MILAN
NACE 43.410, Roofing work
filed annual accounts (NBB)
Net result for the year
-€19,600
2024 · -€6,460-€13,139
Equity
€90,169
2024 · €109,769-€19,600
Cash
€35,670
2024 · €29,595+€6,076
Balance sheet total
€102,315
2024 · €124,603-€22,288
Largest movements
Assets
- Receivables within one year -€25,530
down €25,530 (-70.7%), from €36,120 to €10,590
of which Trade receivables: -€12,770
- Cash +€6,076
up €6,076 (+20.5%), from €29,595 to €35,670
mainly Receivables within one year (+€25,530) and Depreciation (+€14,265)
- Stocks and contracts -€3,094
down €3,094 (-9.2%), from €33,790 to €30,696
Equity and liabilities
- Profit (loss) carried forward -€19,600
down €19,600 (-520%), from -€3,771 to -€23,371
- Other debts -€1,563
down €1,563 (-13.0%), from €12,015 to €10,452
- Trade debts -€1,289
down €1,289 (-45.7%), from €2,819 to €1,530
Income statement
- Gross operating margin -€11,725
down €11,725, from €7,232 to -€4,493
- Depreciation +€1,542
up €1,542 (+12.1%), from €12,723 to €14,265
- Financial charges -€82
down €82 (-32.6%), from €252 to €170
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.
Result 2024
-€6,460
Gross operating margin
-€11,725
Depreciation
-€1,542
Other operating charges
+€63
Financial income
-€17
Financial charges
+€82
Result 2025
-€19,600
raises the resultlowers the result
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.
From operations
+€21,296
Investment
-€15,220
Financing
€0
Cash 2024
€29,595
From operations (derived)
+€21,296
Net result for the year
-€19,600
Depreciation
+€14,265
Stocks and contracts
+€3,094
Receivables within one year
+€25,530
Deferred charges and accrued income
+€695
Trade debts
-€1,289
Tax, wage and social debts
+€163
Other debts
-€1,563
Investment (derived)
-€15,220
Investment in fixed assets (net)
-€15,220
Cash 2025
€35,670
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €124,603 | €102,315 | -€22,288 | -17.9% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €20,752 | €21,707 | +€955 | +4.6% |
| Intangible fixed assets | 21 | €0 | €0 | = | |
| Tangible fixed assets | 22/27 | €20,752 | €21,707 | +€955 | +4.6% |
| Plant, machinery and equipment | 23 | €8,809 | €4,727 | -€4,082 | -46.3% |
| Furniture and vehicles | 24 | €11,388 | €16,980 | +€5,592 | +49.1% |
| Other tangible fixed assets | 26 | €555 | - | -€555 | |
| Current assets | 29/58 | €103,851 | €80,608 | -€23,244 | -22.4% |
| Stocks and contracts in progress | 3 | €33,790 | €30,696 | -€3,094 | -9.2% |
| Stocks | 30/36 | €33,790 | €30,696 | -€3,094 | -9.2% |
| Amounts receivable within one year | 40/41 | €36,120 | €10,590 | -€25,530 | -70.7% |
| Trade receivables | 40 | €22,646 | €9,876 | -€12,770 | -56.4% |
| Other amounts receivable | 41 | €13,474 | €714 | -€12,760 | -94.7% |
| Cash at bank and in hand | 54/58 | €29,595 | €35,670 | +€6,076 | +20.5% |
| Deferred charges and accrued income | 490/1 | €4,347 | €3,652 | -€695 | -16.0% |
| Total equity and liabilities | 10/49 | €124,603 | €102,315 | -€22,288 | -17.9% |
| Equity | 10/15 | €109,769 | €90,169 | -€19,600 | -17.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €94,940 | €94,940 | = | 0.0% |
| Tax-exempt reserves | 132 | €10,000 | €10,000 | = | 0.0% |
| Distributable reserves | 133 | €84,940 | €84,940 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€3,771 | -€23,371 | -€19,600 | -520% |
| Amounts payable | 17/49 | €14,834 | €12,145 | -€2,689 | -18.1% |
| Amounts payable within one year | 42/48 | €14,834 | €12,145 | -€2,689 | -18.1% |
| Trade debts | 44 | €2,819 | €1,530 | -€1,289 | -45.7% |
| Suppliers | 440/4 | €2,819 | €1,530 | -€1,289 | -45.7% |
| Taxes, remuneration and social security | 45 | - | €163 | +€163 | |
| Taxes | 450/3 | - | €163 | +€163 | |
| Other amounts payable | 47/48 | €12,015 | €10,452 | -€1,563 | -13.0% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Non-recurring operating income | 76A | - | €4,414 | +€4,414 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,723 | €14,265 | +€1,542 | +12.1% |
| Other operating charges | 640/8 | €735 | €671 | -€63 | -8.6% |
| Gross operating margin | 9900 | €7,232 | -€4,493 | -€11,725 | |
| Operating profit (loss) | 9901 | -€6,226 | -€19,430 | -€13,204 | -212% |
| Financial income | 75/76B | €17 | - | -€17 | |
| Recurring financial income | 75 | €17 | - | -€17 | |
| Financial charges | 65/66B | €252 | €170 | -€82 | -32.6% |
| Recurring financial charges | 65 | €252 | €170 | -€82 | -32.6% |
| Profit (loss) for the period before taxes | 9903 | -€6,460 | -€19,600 | -€13,139 | -203% |
| Profit (loss) for the period | 9904 | -€6,460 | -€19,600 | -€13,139 | -203% |
| Profit (loss) for the period to be appropriated | 9905 | -€6,460 | -€19,600 | -€13,139 | -203% |
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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 6 November 2026 via checked.be.