LES MILOUS: what changed
Two fiscal 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.
LES MILOUS
Largest movements
- Tangible fixed assets -€22,582
down €22,582 (-94.2%), from €23,969 to €1,387
- Receivables within one year +€17,674
up €17,674 (+19.8%), from €89,110 to €106,785
of which Trade receivables: +€16,551
- Cash +€1,377
up €1,377 (+178875.3%), from €1 to €1,378
mainly Investment in fixed assets (net) (+€22,235) and Tax, wage and social debts (+€14,399)
- Other debts -€20,167
down €20,167 (-67.0%), from €30,110 to €9,943
- Tax, wage and social debts +€14,399
up €14,399 (+71.6%), from €20,110 to €34,509
of which Taxes: +€16,792
- Profit (loss) carried forward +€9,796
up €9,796 (+17.9%), from €54,574 to €64,369
- Trade debts -€4,681
down €4,681 (-88.2%), from €5,308 to €628
- Short-term financial debts -€2,878
no longer reported in 2025 (was €2,878)
- Gross operating margin -€29,043
down €29,043 (-52.7%), from €55,096 to €26,053
- Other operating charges +€5,670
up €5,670 (+914.5%), from €620 to €6,290
- Taxes -€5,667
down €5,667 (-48.9%), from €11,587 to €5,920
- Financial charges +€2,657
up €2,657 (+563.4%), from €472 to €3,129
- Depreciation -€693
down €693 (-66.6%), from €1,040 to €347
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.
Cash bridge derived
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 | €113,079 | €109,549 | -€3,530 | -3.1% |
| Fixed assets | 21/28 | €23,969 | €1,387 | -€22,582 | -94.2% |
| Tangible fixed assets | 22/27 | €23,969 | €1,387 | -€22,582 | -94.2% |
| Furniture and vehicles | 24 | €23,969 | €1,387 | -€22,582 | -94.2% |
| Current assets | 29/58 | €89,111 | €108,163 | +€19,052 | +21.4% |
| Amounts receivable within one year | 40/41 | €89,110 | €106,785 | +€17,674 | +19.8% |
| Trade receivables | 40 | €89,010 | €105,561 | +€16,551 | +18.6% |
| Other amounts receivable | 41 | €100 | €1,223 | +€1,123 | +1123.1% |
| Cash at bank and in hand | 54/58 | €1 | €1,378 | +€1,377 | +178875.3% |
| Total equity and liabilities | 10/49 | €113,079 | €109,549 | -€3,530 | -3.1% |
| Equity | 10/15 | €54,674 | €64,469 | +€9,796 | +17.9% |
| Contributions | 10/11 | €100 | €100 | = | 0.0% |
| Profit (loss) carried forward | 14 | €54,574 | €64,369 | +€9,796 | +17.9% |
| Amounts payable | 17/49 | €58,406 | €45,080 | -€13,326 | -22.8% |
| Amounts payable within one year | 42/48 | €58,406 | €45,080 | -€13,326 | -22.8% |
| Financial debts | 43 | €2,878 | - | -€2,878 | |
| Credit institutions | 430/8 | €2,878 | - | -€2,878 | |
| Trade debts | 44 | €5,308 | €628 | -€4,681 | -88.2% |
| Suppliers | 440/4 | €5,308 | €628 | -€4,681 | -88.2% |
| Taxes, remuneration and social security | 45 | €20,110 | €34,509 | +€14,399 | +71.6% |
| Taxes | 450/3 | €17,717 | €34,509 | +€16,792 | +94.8% |
| Remuneration and social security | 454/9 | €2,393 | - | -€2,393 | |
| Other amounts payable | 47/48 | €30,110 | €9,943 | -€20,167 | -67.0% |
| Remuneration, social security and pensions | 62 | - | €219 | +€219 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,040 | €347 | -€693 | -66.6% |
| Other operating charges | 640/8 | €620 | €6,290 | +€5,670 | +914.5% |
| Non-recurring operating charges | 66A | - | €407 | +€407 | |
| Gross operating margin | 9900 | €55,096 | €26,053 | -€29,043 | -52.7% |
| Operating profit (loss) | 9901 | €53,437 | €18,790 | -€34,647 | -64.8% |
| Financial income | 75/76B | - | €55 | +€55 | |
| Recurring financial income | 75 | - | €55 | +€55 | |
| Financial charges | 65/66B | €472 | €3,129 | +€2,657 | +563.4% |
| Recurring financial charges | 65 | €472 | €3,129 | +€2,657 | +563.4% |
| Profit (loss) for the period before taxes | 9903 | €52,965 | €15,716 | -€37,249 | -70.3% |
| Income taxes | 67/77 | €11,587 | €5,920 | -€5,667 | -48.9% |
| Profit (loss) for the period | 9904 | €41,378 | €9,796 | -€31,583 | -76.3% |
| Profit (loss) for the period to be appropriated | 9905 | €41,378 | €9,796 | -€31,583 | -76.3% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.