MILABEL: 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.
MILABEL
Largest movements
- Receivables within one year +€10,623
up €10,623 (+130%), from €8,160 to €18,783
of which Trade receivables: +€10,597
- Cash -€6,453
down €6,453 (-42.8%), from €15,068 to €8,615
mainly Receivables within one year (-€10,623) and Investment in fixed assets (net) (-€4,750)
- Tangible fixed assets +€2,707
up €2,707 (+247%), from €1,096 to €3,803
of which Furniture and vehicles: +€3,240
- Trade debts +€8,575
up €8,575 (+467%), from €1,838 to €10,413
- Tax, wage and social debts -€3,825
down €3,825 (-78.3%), from €4,885 to €1,060
of which Taxes: -€2,325
- Profit (loss) carried forward +€1,587
up €1,587 (+12.7%), from €12,531 to €14,118
- Other debts +€539
up €539 (+15.1%), from €3,572 to €4,111
- Gross operating margin -€3,939
down €3,939 (-44.4%), from €8,865 to €4,926
- Depreciation +€1,523
up €1,523 (+293%), from €520 to €2,043
- Taxes -€990
down €990 (-63.0%), from €1,572 to €582
- Other operating charges +€162
up €162 (+38.4%), from €420 to €582
From the 2022 result to the 2023 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 2022 and 2023 balance sheets and the 2023 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2022 | 2023 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €24,325 | €31,202 | +€6,877 | +28.3% |
| Fixed assets | 21/28 | €1,096 | €3,803 | +€2,707 | +247% |
| Tangible fixed assets | 22/27 | €1,096 | €3,803 | +€2,707 | +247% |
| Plant, machinery and equipment | 23 | €1,096 | €563 | -€533 | -48.7% |
| Furniture and vehicles | 24 | - | €3,240 | +€3,240 | |
| Current assets | 29/58 | €23,228 | €27,398 | +€4,170 | +18.0% |
| Amounts receivable within one year | 40/41 | €8,160 | €18,783 | +€10,623 | +130% |
| Trade receivables | 40 | €8,160 | €18,757 | +€10,597 | +130% |
| Other amounts receivable | 41 | - | €26 | +€26 | |
| Cash at bank and in hand | 54/58 | €15,068 | €8,615 | -€6,453 | -42.8% |
| Total equity and liabilities | 10/49 | €24,325 | €31,202 | +€6,877 | +28.3% |
| Equity | 10/15 | €14,031 | €15,618 | +€1,587 | +11.3% |
| Contributions | 10/11 | €1,500 | €1,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €12,531 | €14,118 | +€1,587 | +12.7% |
| Amounts payable | 17/49 | €10,294 | €15,584 | +€5,290 | +51.4% |
| Amounts payable within one year | 42/48 | €10,294 | €15,584 | +€5,290 | +51.4% |
| Trade debts | 44 | €1,838 | €10,413 | +€8,575 | +467% |
| Suppliers | 440/4 | €1,838 | €10,413 | +€8,575 | +467% |
| Taxes, remuneration and social security | 45 | €4,885 | €1,060 | -€3,825 | -78.3% |
| Taxes | 450/3 | €3,385 | €1,060 | -€2,325 | -68.7% |
| Remuneration and social security | 454/9 | €1,500 | - | -€1,500 | |
| Other amounts payable | 47/48 | €3,572 | €4,111 | +€539 | +15.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €520 | €2,043 | +€1,523 | +293% |
| Other operating charges | 640/8 | €420 | €582 | +€162 | +38.4% |
| Gross operating margin | 9900 | €8,865 | €4,926 | -€3,939 | -44.4% |
| Operating profit (loss) | 9901 | €7,924 | €2,301 | -€5,623 | -71.0% |
| Financial income | 75/76B | €0 | €34 | +€34 | +11,320% |
| Recurring financial income | 75 | €0 | €34 | +€34 | +11,320% |
| Financial charges | 65/66B | €176 | €166 | -€11 | -6.1% |
| Recurring financial charges | 65 | €176 | €166 | -€11 | -6.1% |
| Profit (loss) for the period before taxes | 9903 | €7,748 | €2,169 | -€5,579 | -72.0% |
| Income taxes | 67/77 | €1,572 | €582 | -€990 | -63.0% |
| Profit (loss) for the period | 9904 | €6,176 | €1,587 | -€4,589 | -74.3% |
| Profit (loss) for the period to be appropriated | 9905 | €6,176 | €1,587 | -€4,589 | -74.3% |
Source: filed annual accounts (NBB), financial years ended 31 December 2022 and 31 December 2023. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 17 October 2026 via checked.be.