MILAKA: 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.
MILAKA
Largest movements
- Cash -€11,044
down €11,044 (-24.5%), from €45,081 to €34,037
mainly Net result for the year (-€19,044) and Trade debts (-€3,025)
- Tangible fixed assets -€11,025
down €11,025 (-1.6%), from €697,433 to €686,408
- Profit (loss) carried forward -€19,044
down €19,044 (-42.6%), from -€44,719 to -€63,764
- Gross operating margin -€393,423
down €393,423, from €385,955 to -€7,469
- Other operating charges -€61,311
down €61,311 (-99.4%), from €61,708 to €397
- Depreciation +€11,025
new in 2025: €11,025
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 | €929,364 | €907,295 | -€22,069 | -2.4% |
| Fixed assets | 21/28 | €697,433 | €686,408 | -€11,025 | -1.6% |
| Tangible fixed assets | 22/27 | €697,433 | €686,408 | -€11,025 | -1.6% |
| Land and buildings | 22 | €697,433 | €686,408 | -€11,025 | -1.6% |
| Current assets | 29/58 | €231,931 | €220,887 | -€11,044 | -4.8% |
| Amounts receivable within one year | 40/41 | €186,850 | €186,850 | = | 0.0% |
| Other amounts receivable | 41 | €186,850 | €186,850 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €45,081 | €34,037 | -€11,044 | -24.5% |
| Total equity and liabilities | 10/49 | €929,364 | €907,295 | -€22,069 | -2.4% |
| Equity | 10/15 | €749,939 | €730,895 | -€19,044 | -2.5% |
| Contributions | 10/11 | €187,141 | €187,141 | = | 0.0% |
| Reserves | 13 | €607,518 | €607,518 | = | 0.0% |
| Non-distributable reserves | 130/1 | €12,398 | €12,398 | = | 0.0% |
| Reserves not available under the articles | 1311 | €12,398 | €12,398 | = | 0.0% |
| Tax-exempt reserves | 132 | €524,442 | €524,442 | = | 0.0% |
| Distributable reserves | 133 | €70,678 | €70,678 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€44,719 | -€63,764 | -€19,044 | -42.6% |
| Provisions and deferred taxes | 16 | €174,814 | €174,814 | = | 0.0% |
| Deferred taxes | 168 | €174,814 | €174,814 | = | 0.0% |
| Amounts payable | 17/49 | €4,611 | €1,586 | -€3,025 | -65.6% |
| Amounts payable within one year | 42/48 | €4,611 | €1,586 | -€3,025 | -65.6% |
| Trade debts | 44 | €3,025 | - | -€3,025 | |
| Suppliers | 440/4 | €3,025 | - | -€3,025 | |
| Other amounts payable | 47/48 | €1,586 | €1,586 | = | 0.0% |
| Non-recurring operating income | 76A | €437,273 | - | -€437,273 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €11,025 | +€11,025 | |
| Other operating charges | 640/8 | €61,708 | €397 | -€61,311 | -99.4% |
| Gross operating margin | 9900 | €385,955 | -€7,469 | -€393,423 | |
| Operating profit (loss) | 9901 | €324,247 | -€18,891 | -€343,138 | |
| Financial charges | 65/66B | €163 | €153 | -€10 | -6.1% |
| Recurring financial charges | 65 | €163 | €153 | -€10 | -6.1% |
| Profit (loss) for the period before taxes | 9903 | €324,084 | -€19,044 | -€343,128 | |
| Transfer to deferred taxes | 680 | €109,318 | - | -€109,318 | |
| Profit (loss) for the period | 9904 | €214,765 | -€19,044 | -€233,810 | |
| Transfer to tax-exempt reserves | 689 | €327,955 | - | -€327,955 | |
| Profit (loss) for the period to be appropriated | 9905 | -€113,189 | -€19,044 | +€94,145 | +83.2% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.