MILAMORES: 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.
MILAMORES
Largest movements
- Cash -€10,553
down €10,553 (-77.7%), from €13,582 to €3,028
mainly Other debts (-€9,000) and Tax, wage and social debts (-€3,976)
- Stocks and contracts -€4,071
down €4,071 (-8.6%), from €47,093 to €43,021
- Receivables within one year +€2,204
up €2,204 (+50.2%), from €4,392 to €6,596
of which Trade receivables: +€1,724
- Other debts -€9,000
down €9,000 (-23.1%), from €39,000 to €30,000
- Tax, wage and social debts -€3,976
down €3,976 (-47.5%), from €8,372 to €4,396
- Gross operating margin -€11,454
down €11,454 (-69.2%), from €16,562 to €5,108
- Other operating charges -€3,668
down €3,668 (-45.3%), from €8,107 to €4,438
- Depreciation -€1,634
down €1,634 (-76.1%), from €2,148 to €513
- Taxes -€1,307
down €1,307 (-79.3%), from €1,648 to €342
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 | €65,773 | €52,839 | -€12,935 | -19.7% |
| Fixed assets | 21/28 | €707 | €193 | -€513 | -72.6% |
| Intangible fixed assets | 21 | €0 | - | = | |
| Tangible fixed assets | 22/27 | €707 | €193 | -€513 | -72.6% |
| Land and buildings | 22 | €368 | €0 | -€368 | -100% |
| Furniture and vehicles | 24 | €338 | €193 | -€145 | -42.9% |
| Current assets | 29/58 | €65,067 | €52,645 | -€12,421 | -19.1% |
| Stocks and contracts in progress | 3 | €47,093 | €43,021 | -€4,071 | -8.6% |
| Stocks | 30/36 | €47,093 | €43,021 | -€4,071 | -8.6% |
| Amounts receivable within one year | 40/41 | €4,392 | €6,596 | +€2,204 | +50.2% |
| Trade receivables | 40 | €3,850 | €5,574 | +€1,724 | +44.8% |
| Other amounts receivable | 41 | €542 | €1,022 | +€479 | +88.3% |
| Cash at bank and in hand | 54/58 | €13,582 | €3,028 | -€10,553 | -77.7% |
| Total equity and liabilities | 10/49 | €65,773 | €52,839 | -€12,935 | -19.7% |
| Equity | 10/15 | €17,265 | €16,967 | -€298 | -1.7% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €16,265 | €15,967 | -€298 | -1.8% |
| Amounts payable | 17/49 | €48,508 | €35,871 | -€12,637 | -26.1% |
| Amounts payable within one year | 42/48 | €48,508 | €35,871 | -€12,637 | -26.1% |
| Trade debts | 44 | €1,136 | €1,476 | +€340 | +29.9% |
| Suppliers | 440/4 | €1,136 | €1,476 | +€340 | +29.9% |
| Taxes, remuneration and social security | 45 | €8,372 | €4,396 | -€3,976 | -47.5% |
| Taxes | 450/3 | €8,372 | €4,396 | -€3,976 | -47.5% |
| Other amounts payable | 47/48 | €39,000 | €30,000 | -€9,000 | -23.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,148 | €513 | -€1,634 | -76.1% |
| Other operating charges | 640/8 | €8,107 | €4,438 | -€3,668 | -45.3% |
| Gross operating margin | 9900 | €16,562 | €5,108 | -€11,454 | -69.2% |
| Operating profit (loss) | 9901 | €6,307 | €156 | -€6,151 | -97.5% |
| Financial income | 75/76B | €2 | €11 | +€9 | +410% |
| Recurring financial income | 75 | €2 | €11 | +€9 | +410% |
| Financial charges | 65/66B | €125 | €124 | -€2 | -1.3% |
| Recurring financial charges | 65 | €125 | €124 | -€2 | -1.3% |
| Profit (loss) for the period before taxes | 9903 | €6,184 | €44 | -€6,140 | -99.3% |
| Income taxes | 67/77 | €1,648 | €342 | -€1,307 | -79.3% |
| Profit (loss) for the period | 9904 | €4,535 | -€298 | -€4,833 | |
| Profit (loss) for the period to be appropriated | 9905 | €4,535 | -€298 | -€4,833 |
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 24 October 2026 via checked.be.