MILANGH: 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.
MILANGH
Largest movements
- Cash +€80,524
up €80,524 (+31.9%), from €252,215 to €332,739
mainly Net result for the year (+€90,011) and Stocks and contracts (+€15,619)
- Receivables within one year +€17,210
up €17,210 (+69.0%), from €24,934 to €42,144
of which Trade receivables: +€10,737
- Stocks and contracts -€15,619
no longer reported in 2025 (was €15,619)
- Tangible fixed assets +€5,978
up €5,978 (+898%), from €666 to €6,643
of which Furniture and vehicles: +€4,810
- Reserves +€90,000
up €90,000 (+36.8%), from €244,500 to €334,500
- Accrued charges and deferred income -€8,515
no longer reported in 2025 (was €8,515)
- Trade debts +€7,228
up €7,228 (+251%), from €2,878 to €10,106
- Gross operating margin -€14,015
down €14,015 (-8.1%), from €172,657 to €158,642
- Taxes -€4,566
down €4,566 (-9.7%), from €47,227 to €42,662
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 | €295,856 | €383,533 | +€87,677 | +29.6% |
| Fixed assets | 21/28 | €980 | €6,958 | +€5,978 | +610% |
| Tangible fixed assets | 22/27 | €666 | €6,643 | +€5,978 | +898% |
| Plant, machinery and equipment | 23 | €666 | €1,833 | +€1,168 | +175% |
| Furniture and vehicles | 24 | - | €4,810 | +€4,810 | |
| Financial fixed assets | 28 | €315 | €315 | = | 0.0% |
| Current assets | 29/58 | €294,876 | €376,575 | +€81,699 | +27.7% |
| Stocks and contracts in progress | 3 | €15,619 | - | -€15,619 | |
| Stocks | 30/36 | €15,619 | - | -€15,619 | |
| Amounts receivable within one year | 40/41 | €24,934 | €42,144 | +€17,210 | +69.0% |
| Trade receivables | 40 | €21,134 | €31,871 | +€10,737 | +50.8% |
| Other amounts receivable | 41 | €3,800 | €10,273 | +€6,473 | +170% |
| Cash at bank and in hand | 54/58 | €252,215 | €332,739 | +€80,524 | +31.9% |
| Deferred charges and accrued income | 490/1 | €2,108 | €1,692 | -€415 | -19.7% |
| Total equity and liabilities | 10/49 | €295,856 | €383,533 | +€87,677 | +29.6% |
| Equity | 10/15 | €281,813 | €371,824 | +€90,011 | +31.9% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €244,500 | €334,500 | +€90,000 | +36.8% |
| Distributable reserves | 133 | €244,500 | €334,500 | +€90,000 | +36.8% |
| Profit (loss) carried forward | 14 | €18,763 | €18,774 | +€11 | +0.1% |
| Amounts payable | 17/49 | €14,043 | €11,709 | -€2,334 | -16.6% |
| Amounts payable within one year | 42/48 | €5,528 | €11,709 | +€6,181 | +112% |
| Trade debts | 44 | €2,878 | €10,106 | +€7,228 | +251% |
| Suppliers | 440/4 | €2,878 | €10,106 | +€7,228 | +251% |
| Taxes, remuneration and social security | 45 | €2,650 | €1,603 | -€1,047 | -39.5% |
| Taxes | 450/3 | €407 | - | -€407 | |
| Remuneration and social security | 454/9 | €2,243 | €1,603 | -€639 | -28.5% |
| Accrued charges and deferred income | 492/3 | €8,515 | - | -€8,515 | |
| Remuneration, social security and pensions | 62 | €25,722 | €24,131 | -€1,591 | -6.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €468 | €940 | +€472 | +101% |
| Other operating charges | 640/8 | €2,206 | €2,266 | +€59 | +2.7% |
| Gross operating margin | 9900 | €172,657 | €158,642 | -€14,015 | -8.1% |
| Operating profit (loss) | 9901 | €144,261 | €131,305 | -€12,956 | -9.0% |
| Financial income | 75/76B | €668 | €1,584 | +€916 | +137% |
| Recurring financial income | 75 | €668 | €1,584 | +€916 | +137% |
| Financial charges | 65/66B | €507 | €217 | -€290 | -57.2% |
| Recurring financial charges | 65 | €507 | €217 | -€290 | -57.2% |
| Profit (loss) for the period before taxes | 9903 | €144,422 | €132,673 | -€11,749 | -8.1% |
| Income taxes | 67/77 | €47,227 | €42,662 | -€4,566 | -9.7% |
| Profit (loss) for the period | 9904 | €97,195 | €90,011 | -€7,184 | -7.4% |
| Profit (loss) for the period to be appropriated | 9905 | €97,195 | €90,011 | -€7,184 | -7.4% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 25 October 2026 via checked.be.