MiL: 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.
MiL
Largest movements
- Current investments -€10,947
down €10,947 (-23.0%), from €47,665 to €36,718
- Tangible fixed assets -€7,413
no longer reported in 2025 (was €7,413)
- Cash -€6,086
no longer reported in 2025 (was €6,086)
mainly Net result for the year (-€20,403) and Other debts (-€4,110)
- Profit (loss) carried forward -€20,403
down €20,403 (-60.3%), from €33,826 to €13,423
- Other debts -€4,110
down €4,110 (-59.1%), from €6,954 to €2,844
- Gross operating margin +€36,916
up €36,916 (+64.4%), from -€57,319 to -€20,403
- Turnover -€5,358
down €5,358 (-73.5%), from €7,292 to €1,934
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 | €61,231 | €36,718 | -€24,513 | -40.0% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €7,413 | - | -€7,413 | |
| Tangible fixed assets | 22/27 | €7,413 | - | -€7,413 | |
| Furniture and vehicles | 24 | €7,413 | - | -€7,413 | |
| Current assets | 29/58 | €53,818 | €36,718 | -€17,100 | -31.8% |
| Amounts receivable within one year | 40/41 | €67 | - | -€67 | |
| Trade receivables | 40 | €67 | - | -€67 | |
| Current investments | 50/53 | €47,665 | €36,718 | -€10,947 | -23.0% |
| Cash at bank and in hand | 54/58 | €6,086 | - | -€6,086 | |
| Total equity and liabilities | 10/49 | €61,231 | €36,718 | -€24,513 | -40.0% |
| Equity | 10/15 | €54,277 | €33,874 | -€20,403 | -37.6% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Capital | 10 | €18,592 | €18,592 | = | 0.0% |
| Issued capital | 100 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €1,859 | €1,859 | -€0 | 0.0% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | -€0 | 0.0% |
| Legal reserve | 130 | €1,859 | €1,859 | -€0 | 0.0% |
| Profit (loss) carried forward | 14 | €33,826 | €13,423 | -€20,403 | -60.3% |
| Amounts payable | 17/49 | €6,954 | €2,844 | -€4,110 | -59.1% |
| Amounts payable within one year | 42/48 | €6,954 | €2,844 | -€4,110 | -59.1% |
| Other amounts payable | 47/48 | €6,954 | €2,844 | -€4,110 | -59.1% |
| Turnover | 70 | €7,292 | €1,934 | -€5,358 | -73.5% |
| Gross operating margin | 9900 | -€57,319 | -€20,403 | +€36,916 | +64.4% |
| Operating profit (loss) | 9901 | -€57,319 | -€20,403 | +€36,916 | +64.4% |
| Profit (loss) for the period before taxes | 9903 | -€57,319 | -€20,403 | +€36,916 | +64.4% |
| Profit (loss) for the period | 9904 | -€57,319 | -€20,403 | +€36,916 | +64.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€57,319 | -€20,403 | +€36,916 | +64.4% |
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.