MI-LENN: 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.
MI-LENN
Largest movements
- Tangible fixed assets +€144,119
up €144,119 (+54.6%), from €264,171 to €408,290
of which Land and buildings: +€146,206
- Cash +€27,844
up €27,844 (+132%), from €21,072 to €48,916
mainly Other debts (+€422,187) and Depreciation (+€28,239)
- Deferred charges and accrued income +€14,948
up €14,948 (+8,743%), from €171 to €15,119
- Intangible fixed assets -€8,500
down €8,500 (-10.0%), from €85,000 to €76,500
- Other debts +€422,187
up €422,187 (+300%), from €140,621 to €562,808
- Trade debts -€239,742
down €239,742 (-95.5%), from €250,908 to €11,166
- Profit (loss) carried forward -€38,622
down €38,622 (-56.0%), from -€69,007 to -€107,629
- Tax, wage and social debts +€24,693
up €24,693 (+63.8%), from €38,705 to €63,398
of which Remuneration and social security: +€23,717
- Advances received +€8,889
new in 2024: €8,889
- Gross operating margin +€118,280
up €118,280 (+336%), from €35,240 to €153,521
- Staff costs +€66,720
up €66,720 (+74.0%), from €90,177 to €156,897
- Depreciation +€18,300
up €18,300 (+184%), from €9,940 to €28,239
- Financial income -€4,485
down €4,485 (-99.9%), from €4,490 to €6
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €387,915 | €565,319 | +€177,404 | +45.7% |
| Fixed assets | 21/28 | €357,106 | €492,725 | +€135,619 | +38.0% |
| Intangible fixed assets | 21 | €85,000 | €76,500 | -€8,500 | -10.0% |
| Tangible fixed assets | 22/27 | €264,171 | €408,290 | +€144,119 | +54.6% |
| Land and buildings | 22 | €257,574 | €403,780 | +€146,206 | +56.8% |
| Plant, machinery and equipment | 23 | €5,220 | €3,896 | -€1,324 | -25.4% |
| Furniture and vehicles | 24 | €1,376 | €613 | -€763 | -55.4% |
| Financial fixed assets | 28 | €7,935 | €7,935 | = | 0.0% |
| Current assets | 29/58 | €30,809 | €72,595 | +€41,785 | +136% |
| Stocks and contracts in progress | 3 | €4,532 | €6,187 | +€1,655 | +36.5% |
| Stocks | 30/36 | €4,532 | €6,187 | +€1,655 | +36.5% |
| Amounts receivable within one year | 40/41 | €5,034 | €2,372 | -€2,662 | -52.9% |
| Trade receivables | 40 | €5 | €429 | +€424 | +9,409% |
| Other amounts receivable | 41 | €5,029 | €1,943 | -€3,086 | -61.4% |
| Cash at bank and in hand | 54/58 | €21,072 | €48,916 | +€27,844 | +132% |
| Deferred charges and accrued income | 490/1 | €171 | €15,119 | +€14,948 | +8,743% |
| Total equity and liabilities | 10/49 | €387,915 | €565,319 | +€177,404 | +45.7% |
| Equity | 10/15 | -€43,547 | -€82,169 | -€38,622 | -88.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €6,860 | €6,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €0 | -€1,860 | -100% |
| Reserves not available under the articles | 1311 | €1,860 | €0 | -€1,860 | -100% |
| Tax-exempt reserves | 132 | €5,000 | €5,000 | = | 0.0% |
| Distributable reserves | 133 | - | €1,860 | +€1,860 | |
| Profit (loss) carried forward | 14 | -€69,007 | -€107,629 | -€38,622 | -56.0% |
| Amounts payable | 17/49 | €431,461 | €647,488 | +€216,026 | +50.1% |
| Amounts payable within one year | 42/48 | €430,234 | €646,260 | +€216,026 | +50.2% |
| Trade debts | 44 | €250,908 | €11,166 | -€239,742 | -95.5% |
| Suppliers | 440/4 | €250,908 | €11,166 | -€239,742 | -95.5% |
| Advances received on contracts in progress | 46 | - | €8,889 | +€8,889 | |
| Taxes, remuneration and social security | 45 | €38,705 | €63,398 | +€24,693 | +63.8% |
| Taxes | 450/3 | €4,201 | €5,176 | +€976 | +23.2% |
| Remuneration and social security | 454/9 | €34,505 | €58,222 | +€23,717 | +68.7% |
| Other amounts payable | 47/48 | €140,621 | €562,808 | +€422,187 | +300% |
| Accrued charges and deferred income | 492/3 | €1,227 | €1,227 | = | 0.0% |
| Remuneration, social security and pensions | 62 | €90,177 | €156,897 | +€66,720 | +74.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,940 | €28,239 | +€18,300 | +184% |
| Other operating charges | 640/8 | €2,895 | €2,810 | -€84 | -2.9% |
| Gross operating margin | 9900 | €35,240 | €153,521 | +€118,280 | +336% |
| Operating profit (loss) | 9901 | -€67,771 | -€34,426 | +€33,346 | +49.2% |
| Financial income | 75/76B | €4,490 | €6 | -€4,485 | -99.9% |
| Recurring financial income | 75 | €4,490 | €6 | -€4,485 | -99.9% |
| Financial charges | 65/66B | €3,691 | €4,202 | +€511 | +13.8% |
| Recurring financial charges | 65 | €3,691 | €4,202 | +€511 | +13.8% |
| Profit (loss) for the period before taxes | 9903 | -€66,972 | -€38,622 | +€28,350 | +42.3% |
| Profit (loss) for the period | 9904 | -€66,972 | -€38,622 | +€28,350 | +42.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€66,972 | -€38,622 | +€28,350 | +42.3% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 17 October 2026 via checked.be.