MILA: 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.
MILA
Largest movements
- Receivables within one year +€192,490
up €192,490 (+64.0%), from €300,715 to €493,204
of which Trade receivables: +€172,326
- Cash -€43,316
down €43,316 (-71.9%), from €60,282 to €16,966
mainly Receivables within one year (-€192,490) and Stocks and contracts (-€13,000)
- Stocks and contracts +€13,000
up €13,000 (+108%), from €12,000 to €25,000
- Trade debts +€148,973
up €148,973 (+54.4%), from €273,841 to €422,814
- Reserves +€48,150
up €48,150 (+1,886%), from €2,553 to €50,703
of which Distributable reserves: +€44,203
- Profit (loss) carried forward -€30,328
no longer reported in 2025 (was €30,328)
- Gross operating margin +€3,423
up €3,423 (+15.1%), from €22,623 to €26,046
- Taxes +€1,231
up €1,231 (+22.0%), from €5,602 to €6,832
- Financial income +€734
up €734 (+97.7%), from €751 to €1,484
- Depreciation +€600
new in 2025: €600
- Other operating charges -€297
down €297 (-33.2%), from €895 to €598
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.
Derived cash bridge
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 | €380,019 | €544,967 | +€164,948 | +43.4% |
| Fixed assets | 21/28 | - | €2,400 | +€2,400 | |
| Tangible fixed assets | 22/27 | - | €2,400 | +€2,400 | |
| Furniture and vehicles | 24 | - | €2,400 | +€2,400 | |
| Current assets | 29/58 | €380,019 | €542,567 | +€162,548 | +42.8% |
| Stocks and contracts in progress | 3 | €12,000 | €25,000 | +€13,000 | +108% |
| Stocks | 30/36 | €12,000 | €25,000 | +€13,000 | +108% |
| Amounts receivable within one year | 40/41 | €300,715 | €493,204 | +€192,490 | +64.0% |
| Trade receivables | 40 | €205,515 | €377,841 | +€172,326 | +83.9% |
| Other amounts receivable | 41 | €95,200 | €115,363 | +€20,163 | +21.2% |
| Cash at bank and in hand | 54/58 | €60,282 | €16,966 | -€43,316 | -71.9% |
| Deferred charges and accrued income | 490/1 | €7,022 | €7,396 | +€375 | +5.3% |
| Total equity and liabilities | 10/49 | €380,019 | €544,967 | +€164,948 | +43.4% |
| Equity | 10/15 | €97,880 | €115,703 | +€17,822 | +18.2% |
| Contributions | 10/11 | €65,000 | €65,000 | = | 0.0% |
| Capital | 10 | €65,000 | €65,000 | = | 0.0% |
| Issued capital | 100 | €65,000 | €65,000 | = | 0.0% |
| Reserves | 13 | €2,553 | €50,703 | +€48,150 | +1,886% |
| Non-distributable reserves | 130/1 | €2,553 | €6,500 | +€3,947 | +155% |
| Legal reserve | 130 | €2,553 | €6,500 | +€3,947 | +155% |
| Distributable reserves | 133 | - | €44,203 | +€44,203 | |
| Profit (loss) carried forward | 14 | €30,328 | - | -€30,328 | |
| Amounts payable | 17/49 | €282,138 | €429,264 | +€147,126 | +52.1% |
| Amounts payable within one year | 42/48 | €282,138 | €429,264 | +€147,126 | +52.1% |
| Trade debts | 44 | €273,841 | €422,814 | +€148,973 | +54.4% |
| Suppliers | 440/4 | €273,841 | €422,814 | +€148,973 | +54.4% |
| Taxes, remuneration and social security | 45 | €8,298 | €6,451 | -€1,847 | -22.3% |
| Taxes | 450/3 | €8,298 | €6,451 | -€1,847 | -22.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €600 | +€600 | |
| Other operating charges | 640/8 | €895 | €598 | -€297 | -33.2% |
| Gross operating margin | 9900 | €22,623 | €26,046 | +€3,423 | +15.1% |
| Operating profit (loss) | 9901 | €21,729 | €24,849 | +€3,120 | +14.4% |
| Financial income | 75/76B | €751 | €1,484 | +€734 | +97.7% |
| Recurring financial income | 75 | €751 | €1,484 | +€734 | +97.7% |
| Financial charges | 65/66B | €1,542 | €1,678 | +€136 | +8.8% |
| Recurring financial charges | 65 | €1,542 | €1,678 | +€136 | +8.8% |
| Profit (loss) for the period before taxes | 9903 | €20,937 | €24,655 | +€3,717 | +17.8% |
| Income taxes | 67/77 | €5,602 | €6,832 | +€1,231 | +22.0% |
| Profit (loss) for the period | 9904 | €15,336 | €17,822 | +€2,487 | +16.2% |
| Profit (loss) for the period to be appropriated | 9905 | €15,336 | €17,822 | +€2,487 | +16.2% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 17 October 2026 via checked.be.