MIJLO: 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.
MIJLO
Largest movements
- Tangible fixed assets +€2.0m
up €2.0m (+552.1%), from €366,557 to €2.4m
of which Land and buildings: +€2.0m
- Cash +€49,958
up €49,958 (+255.8%), from €19,534 to €69,492
mainly Debts after one year (+€1.1m) and Other debts (+€729,806)
- Debts after one year +€1.1m
up €1.1m (+24841.4%), from €4,458 to €1.1m
- Other debts +€729,806
up €729,806 (+222.5%), from €328,047 to €1.1m
- Short-term financial debts +€419,375
new in 2025: €419,375
- Profit (loss) carried forward -€232,398
down €232,398 (-174.7%), from -€133,049 to -€365,447
- Current portion of long-term debt +€47,934
up €47,934 (+274.0%), from €17,497 to €65,431
- Depreciation +€335,887
up €335,887 (+1593.4%), from €21,080 to €356,967
- Gross operating margin +€139,956
up €139,956 (+397.1%), from €35,247 to €175,203
- Financial charges +€44,888
up €44,888 (+4117.0%), from €1,090 to €45,978
- Other operating charges +€3,222
up €3,222 (+224.2%), from €1,437 to €4,659
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 | €396,710 | €2,479,131 | +€2.1m | +524.9% |
| Fixed assets | 21/28 | €366,557 | €2,390,210 | +€2.0m | +552.1% |
| Tangible fixed assets | 22/27 | €366,557 | €2,390,210 | +€2.0m | +552.1% |
| Land and buildings | 22 | €343,920 | €2,357,030 | +€2.0m | +585.3% |
| Furniture and vehicles | 24 | €964 | €7,689 | +€6,725 | +697.6% |
| Other tangible fixed assets | 26 | €21,673 | €25,491 | +€3,818 | +17.6% |
| Current assets | 29/58 | €30,152 | €88,921 | +€58,769 | +194.9% |
| Amounts receivable within one year | 40/41 | €9,420 | €18,287 | +€8,867 | +94.1% |
| Trade receivables | 40 | €7,028 | €14,689 | +€7,661 | +109.0% |
| Other amounts receivable | 41 | €2,393 | €3,599 | +€1,206 | +50.4% |
| Cash at bank and in hand | 54/58 | €19,534 | €69,492 | +€49,958 | +255.8% |
| Deferred charges and accrued income | 490/1 | €1,199 | €1,142 | -€57 | -4.8% |
| Total equity and liabilities | 10/49 | €396,710 | €2,479,131 | +€2.1m | +524.9% |
| Equity | 10/15 | €40,176 | -€192,222 | -€232,398 | |
| Contributions | 10/11 | €172,400 | €172,400 | = | 0.0% |
| Reserves | 13 | €825 | €825 | = | 0.0% |
| Distributable reserves | 133 | €825 | €825 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€133,049 | -€365,447 | -€232,398 | -174.7% |
| Amounts payable | 17/49 | €356,533 | €2,671,353 | +€2.3m | +649.3% |
| Amounts payable after more than one year | 17 | €4,458 | €1,111,889 | +€1.1m | +24841.4% |
| Financial debts | 170/4 | €4,458 | €1,111,889 | +€1.1m | +24841.4% |
| Amounts payable within one year | 42/48 | €352,075 | €1,547,161 | +€1.2m | +339.4% |
| Current portion of amounts payable after more than one year | 42 | €17,497 | €65,431 | +€47,934 | +274.0% |
| Financial debts | 43 | - | €419,375 | +€419,375 | |
| Credit institutions | 430/8 | - | €419,375 | +€419,375 | |
| Trade debts | 44 | €68 | €1,461 | +€1,393 | +2060.2% |
| Suppliers | 440/4 | €68 | €1,461 | +€1,393 | +2060.2% |
| Taxes, remuneration and social security | 45 | €6,464 | €3,041 | -€3,423 | -52.9% |
| Taxes | 450/3 | €6,464 | €3,041 | -€3,423 | -52.9% |
| Other amounts payable | 47/48 | €328,047 | €1,057,853 | +€729,806 | +222.5% |
| Accrued charges and deferred income | 492/3 | - | €12,303 | +€12,303 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,080 | €356,967 | +€335,887 | +1593.4% |
| Other operating charges | 640/8 | €1,437 | €4,659 | +€3,222 | +224.2% |
| Gross operating margin | 9900 | €35,247 | €175,203 | +€139,956 | +397.1% |
| Operating profit (loss) | 9901 | €12,730 | -€186,422 | -€199,153 | |
| Financial income | 75/76B | - | €2 | +€2 | |
| Recurring financial income | 75 | - | €2 | +€2 | |
| Financial charges | 65/66B | €1,090 | €45,978 | +€44,888 | +4117.0% |
| Recurring financial charges | 65 | €1,090 | €45,978 | +€44,888 | +4117.0% |
| Profit (loss) for the period before taxes | 9903 | €11,640 | -€232,398 | -€244,038 | |
| Profit (loss) for the period | 9904 | €11,640 | -€232,398 | -€244,038 | |
| Profit (loss) for the period to be appropriated | 9905 | €11,640 | -€232,398 | -€244,038 |
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 8 October 2026 via checked.be.