MILAN - CONSULTING: 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.
MILAN - CONSULTING
Largest movements
No asset line moved by more than 1% of the balance sheet total.
No liability line moved by more than 1% of the balance sheet total.
- Gross operating margin +€1,648
up €1,648 (+53.1%), from -€3,105 to -€1,457
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 | €510,509 | €508,463 | -€2,046 | -0.4% |
| Current assets | 29/58 | €510,509 | €508,463 | -€2,046 | -0.4% |
| Amounts receivable within one year | 40/41 | €89,026 | €84,026 | -€5,000 | -5.6% |
| Trade receivables | 40 | €10,000 | €5,000 | -€5,000 | -50.0% |
| Other amounts receivable | 41 | €79,026 | €79,026 | = | 0.0% |
| Current investments | 50/53 | €421,419 | €421,419 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €64 | €3,018 | +€2,954 | +4,628% |
| Total equity and liabilities | 10/49 | €510,509 | €508,463 | -€2,046 | -0.4% |
| Equity | 10/15 | €19,676 | €17,630 | -€2,046 | -10.4% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Contributions outside capital | 11 | €62,000 | €62,000 | = | 0.0% |
| Other | 1109/19 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €5,831 | €5,831 | = | 0.0% |
| Non-distributable reserves | 130/1 | €3,052 | €3,052 | = | 0.0% |
| Reserves not available under the articles | 1311 | €3,052 | €3,052 | = | 0.0% |
| Distributable reserves | 133 | €2,778 | €2,778 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€48,154 | -€50,200 | -€2,046 | -4.2% |
| Amounts payable | 17/49 | €490,833 | €490,833 | = | 0.0% |
| Amounts payable after more than one year | 17 | €23,684 | €23,684 | = | 0.0% |
| Financial debts | 170/4 | €23,684 | €23,684 | = | 0.0% |
| Amounts payable within one year | 42/48 | €467,148 | €467,148 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €0 | - | = | |
| Taxes | 450/3 | €0 | - | = | |
| Other amounts payable | 47/48 | €467,148 | €467,148 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Other operating charges | 640/8 | €528 | €544 | +€16 | +3.0% |
| Gross operating margin | 9900 | -€3,105 | -€1,457 | +€1,648 | +53.1% |
| Operating profit (loss) | 9901 | -€3,633 | -€2,001 | +€1,632 | +44.9% |
| Financial charges | 65/66B | €44 | €45 | +€2 | +3.4% |
| Recurring financial charges | 65 | €44 | €45 | +€2 | +3.4% |
| Profit (loss) for the period before taxes | 9903 | -€3,676 | -€2,046 | +€1,630 | +44.3% |
| Profit (loss) for the period | 9904 | -€3,676 | -€2,046 | +€1,630 | +44.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€3,676 | -€2,046 | +€1,630 | +44.3% |
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 31 October 2026 via checked.be.