Milajade: 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.
Milajade
Largest movements
- Tangible fixed assets +€225,000
new in 2025: €225,000
- Cash -€11,098
down €11,098 (-72.6%), from €15,284 to €4,186
mainly Investment in fixed assets (net) (-€225,000) and Contributions, distributions and other (-€8,500)
- Other debts +€188,175
new in 2025: €188,175
- Reserves +€33,447
new in 2025: €33,447
- Profit (loss) carried forward -€8,445
down €8,445 (-100.0%), from €8,445 to €0
- Tax, wage and social debts +€5,758
up €5,758 (+75.9%), from €7,585 to €13,344
- Trade debts -€3,504
down €3,504 (-92.2%), from €3,799 to €295
- Gross operating margin +€60,465
up €60,465 (+467.5%), from €12,934 to €73,399
- Other operating charges +€28,659
new in 2025: €28,659
- Taxes +€8,320
up €8,320 (+394.1%), from €2,111 to €10,431
- Depreciation -€2,151
no longer reported in 2025 (was €2,151)
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 | €22,829 | €238,261 | +€215,432 | +943.7% |
| Fixed assets | 21/28 | - | €225,000 | +€225,000 | |
| Tangible fixed assets | 22/27 | - | €225,000 | +€225,000 | |
| Land and buildings | 22 | - | €225,000 | +€225,000 | |
| Current assets | 29/58 | €22,829 | €13,261 | -€9,568 | -41.9% |
| Amounts receivable within one year | 40/41 | €7,545 | €9,075 | +€1,530 | +20.3% |
| Trade receivables | 40 | - | €9,075 | +€9,075 | |
| Other amounts receivable | 41 | €7,545 | - | -€7,545 | |
| Cash at bank and in hand | 54/58 | €15,284 | €4,186 | -€11,098 | -72.6% |
| Total equity and liabilities | 10/49 | €22,829 | €238,261 | +€215,432 | +943.7% |
| Equity | 10/15 | €11,445 | €36,447 | +€25,002 | +218.5% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | - | €33,447 | +€33,447 | |
| Distributable reserves | 133 | - | €33,447 | +€33,447 | |
| Profit (loss) carried forward | 14 | €8,445 | €0 | -€8,445 | -100.0% |
| Amounts payable | 17/49 | €11,385 | €201,814 | +€190,430 | +1672.7% |
| Amounts payable within one year | 42/48 | €11,385 | €201,814 | +€190,430 | +1672.7% |
| Trade debts | 44 | €3,799 | €295 | -€3,504 | -92.2% |
| Suppliers | 440/4 | €3,799 | €295 | -€3,504 | -92.2% |
| Taxes, remuneration and social security | 45 | €7,585 | €13,344 | +€5,758 | +75.9% |
| Taxes | 450/3 | €7,585 | €13,344 | +€5,758 | +75.9% |
| Other amounts payable | 47/48 | - | €188,175 | +€188,175 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,151 | - | -€2,151 | |
| Other operating charges | 640/8 | - | €28,659 | +€28,659 | |
| Gross operating margin | 9900 | €12,934 | €73,399 | +€60,465 | +467.5% |
| Operating profit (loss) | 9901 | €10,783 | €44,740 | +€33,957 | +314.9% |
| Financial charges | 65/66B | €228 | €806 | +€579 | +254.4% |
| Recurring financial charges | 65 | €228 | €806 | +€579 | +254.4% |
| Profit (loss) for the period before taxes | 9903 | €10,556 | €43,933 | +€33,378 | +316.2% |
| Income taxes | 67/77 | €2,111 | €10,431 | +€8,320 | +394.1% |
| Profit (loss) for the period | 9904 | €8,445 | €33,502 | +€25,057 | +296.7% |
| Profit (loss) for the period to be appropriated | 9905 | €8,445 | €33,502 | +€25,057 | +296.7% |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.