MILANN: what changed
MILANN
Largest movements
- Tangible fixed assets +€47,842
new in 2025: €47,842
- Cash +€32,179
new in 2025: €32,179
mainly Trade debts (+€76,217) and Tax, wage and social debts (+€12,313)
- Receivables within one year +€19,525
up €19,525 (+94.8%), from €20,596 to €40,120
of which Other amounts receivable: +€12,162
- Trade debts +€76,217
up €76,217 (+1,006%), from €7,573 to €83,790
- Tax, wage and social debts +€12,313
up €12,313 (+575%), from €2,140 to €14,453
- Profit (loss) carried forward +€10,248
new in 2025: €10,248
- Turnover -€19,985
no longer reported in 2025 (was €19,985)
- Purchases and services -€9,963
no longer reported in 2025 (was €9,963)
- Gross operating margin +€3,796
up €3,796 (+37.9%), from €10,022 to €13,818
- Other operating charges +€663
new in 2025: €663
- Taxes +€422
up €422 (+19.7%), from €2,140 to €2,562
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €20,596 | €120,141 | +€99,546 | +483% |
| Fixed assets | 21/28 | - | €47,842 | +€47,842 | |
| Tangible fixed assets | 22/27 | - | €47,842 | +€47,842 | |
| Furniture and vehicles | 24 | - | €47,842 | +€47,842 | |
| Current assets | 29/58 | €20,596 | €72,299 | +€51,703 | +251% |
| Amounts receivable within one year | 40/41 | €20,596 | €40,120 | +€19,525 | +94.8% |
| Trade receivables | 40 | €19,985 | €27,348 | +€7,363 | +36.8% |
| Other amounts receivable | 41 | €611 | €12,773 | +€12,162 | +1,992% |
| Cash at bank and in hand | 54/58 | - | €32,179 | +€32,179 | |
| Total equity and liabilities | 10/49 | €20,596 | €120,141 | +€99,546 | +483% |
| Equity | 10/15 | €10,883 | €21,130 | +€10,248 | +94.2% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Capital | 10 | €3,000 | - | -€3,000 | |
| Issued capital | 100 | €3,000 | - | -€3,000 | |
| Reserves | 13 | €7,883 | €7,883 | = | 0.0% |
| Non-distributable reserves | 130/1 | €300 | €300 | = | 0.0% |
| Legal reserve | 130 | €300 | - | -€300 | |
| Reserves not available under the articles | 1311 | - | €300 | +€300 | |
| Distributable reserves | 133 | €7,583 | €7,583 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | €10,248 | +€10,248 | |
| Amounts payable | 17/49 | €9,713 | €99,011 | +€89,298 | +919% |
| Amounts payable within one year | 42/48 | €9,713 | €99,011 | +€89,298 | +919% |
| Trade debts | 44 | €7,573 | €83,790 | +€76,217 | +1,006% |
| Suppliers | 440/4 | €7,573 | €83,790 | +€76,217 | +1,006% |
| Taxes, remuneration and social security | 45 | €2,140 | €14,453 | +€12,313 | +575% |
| Taxes | 450/3 | €2,140 | €14,453 | +€12,313 | +575% |
| Other amounts payable | 47/48 | - | €768 | +€768 | |
| Turnover | 70 | €19,985 | - | -€19,985 | |
| Goods, raw materials, services and sundry goods | 60/61 | €9,963 | - | -€9,963 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €158 | +€158 | |
| Other operating charges | 640/8 | - | €663 | +€663 | |
| Gross operating margin | 9900 | €10,022 | €13,818 | +€3,796 | +37.9% |
| Operating profit (loss) | 9901 | €10,022 | €12,997 | +€2,975 | +29.7% |
| Financial charges | 65/66B | - | €188 | +€188 | |
| Recurring financial charges | 65 | - | €188 | +€188 | |
| Profit (loss) for the period before taxes | 9903 | €10,022 | €12,809 | +€2,787 | +27.8% |
| Income taxes | 67/77 | €2,140 | €2,562 | +€422 | +19.7% |
| Profit (loss) for the period | 9904 | €7,883 | €10,248 | +€2,365 | +30.0% |
| Profit (loss) for the period to be appropriated | 9905 | €7,883 | €10,248 | +€2,365 | +30.0% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 7 November 2026 via checked.be.