MILAD: 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.
MILAD
Largest movements
- Tangible fixed assets -€4,297
down €4,297 (-20.0%), from €21,487 to €17,189
- Cash +€3,637
up €3,637 (+1411.8%), from €258 to €3,895
mainly Trade debts (+€7,290) and Tax, wage and social debts (+€5,943)
- Receivables within one year +€3,092
up €3,092 (+49.4%), from €6,260 to €9,352
of which Trade receivables: +€8,705
- Other debts -€9,227
down €9,227 (-88.7%), from €10,400 to €1,172
- Trade debts +€7,290
up €7,290 (+175.8%), from €4,146 to €11,436
- Tax, wage and social debts +€5,943
up €5,943 (+495.2%), from €1,200 to €7,144
of which Remuneration and social security: +€5,815
- Debts after one year -€5,579
down €5,579 (-33.3%), from €16,736 to €11,158
- Profit (loss) carried forward +€4,005
up €4,005 (+16.1%), from €24,872 to €28,877
- Gross operating margin +€12,583
up €12,583 (+218.9%), from €5,749 to €18,332
- Staff costs +€8,937
new in 2024: €8,937
- Financial income -€3,557
no longer reported in 2024 (was €3,557)
of which Financial income: -€3,557
- Financial charges -€2,798
down €2,798 (-93.5%), from €2,992 to €193
- Depreciation +€752
up €752 (+21.2%), from €3,545 to €4,297
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.
Cash bridge derived
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 | €83,385 | €85,817 | +€2,432 | +2.9% |
| Fixed assets | 21/28 | €76,867 | €72,570 | -€4,297 | -5.6% |
| Intangible fixed assets | 21 | €55,000 | €55,000 | = | 0.0% |
| Tangible fixed assets | 22/27 | €21,487 | €17,189 | -€4,297 | -20.0% |
| Furniture and vehicles | 24 | €21,487 | €17,189 | -€4,297 | -20.0% |
| Financial fixed assets | 28 | €381 | €381 | = | 0.0% |
| Current assets | 29/58 | €6,517 | €13,247 | +€6,730 | +103.3% |
| Amounts receivable within one year | 40/41 | €6,260 | €9,352 | +€3,092 | +49.4% |
| Trade receivables | 40 | €368 | €9,073 | +€8,705 | +2366.3% |
| Other amounts receivable | 41 | €5,892 | €279 | -€5,613 | -95.3% |
| Cash at bank and in hand | 54/58 | €258 | €3,895 | +€3,637 | +1411.8% |
| Total equity and liabilities | 10/49 | €83,385 | €85,817 | +€2,432 | +2.9% |
| Equity | 10/15 | €45,323 | €49,329 | +€4,005 | +8.8% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €1,859 | €1,859 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Profit (loss) carried forward | 14 | €24,872 | €28,877 | +€4,005 | +16.1% |
| Amounts payable | 17/49 | €38,061 | €36,488 | -€1,573 | -4.1% |
| Amounts payable after more than one year | 17 | €16,736 | €11,158 | -€5,579 | -33.3% |
| Financial debts | 170/4 | €16,736 | €11,158 | -€5,579 | -33.3% |
| Amounts payable within one year | 42/48 | €21,325 | €25,331 | +€4,006 | +18.8% |
| Current portion of amounts payable after more than one year | 42 | €5,579 | €5,579 | = | 0.0% |
| Trade debts | 44 | €4,146 | €11,436 | +€7,290 | +175.8% |
| Suppliers | 440/4 | €4,146 | €11,436 | +€7,290 | +175.8% |
| Taxes, remuneration and social security | 45 | €1,200 | €7,144 | +€5,943 | +495.2% |
| Taxes | 450/3 | - | €128 | +€128 | |
| Remuneration and social security | 454/9 | €1,200 | €7,015 | +€5,815 | +484.5% |
| Other amounts payable | 47/48 | €10,400 | €1,172 | -€9,227 | -88.7% |
| Remuneration, social security and pensions | 62 | - | €8,937 | +€8,937 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,545 | €4,297 | +€752 | +21.2% |
| Other operating charges | 640/8 | €1,523 | €898 | -€624 | -41.0% |
| Gross operating margin | 9900 | €5,749 | €18,332 | +€12,583 | +218.9% |
| Operating profit (loss) | 9901 | €680 | €4,199 | +€3,518 | +517.1% |
| Financial income | 75/76B | €3,557 | - | -€3,557 | |
| Recurring financial income | 75 | €3,557 | - | -€3,557 | |
| Non-recurring financial income | 76B | €3,557 | - | -€3,557 | |
| Financial charges | 65/66B | €2,992 | €193 | -€2,798 | -93.5% |
| Recurring financial charges | 65 | €2,992 | €193 | -€2,798 | -93.5% |
| Profit (loss) for the period before taxes | 9903 | €1,246 | €4,005 | +€2,760 | +221.5% |
| Profit (loss) for the period | 9904 | €1,246 | €4,005 | +€2,760 | +221.5% |
| Profit (loss) for the period to be appropriated | 9905 | €1,246 | €4,005 | +€2,760 | +221.5% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.