MILANO: 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.
MILANO
Largest movements
- Receivables within one year +€7,539
up €7,539 (+30.0%), from €25,105 to €32,644
of which Other amounts receivable: +€7,539
- Cash +€6,264
up €6,264 (+49.4%), from €12,676 to €18,940
mainly Net result for the year (+€15,337) and Trade debts (+€2,961)
- Profit (loss) carried forward +€15,337
up €15,337 (+1,122%), from €1,367 to €16,704
- Accrued charges and deferred income -€4,300
down €4,300 (-52.6%), from €8,168 to €3,868
- Trade debts +€2,961
up €2,961 (+39.0%), from €7,602 to €10,563
- Gross operating margin +€3,761
up €3,761 (+24.0%), from €15,655 to €19,416
- Turnover +€3,181
up €3,181 (+2.4%), from €132,286 to €135,467
- Other operating charges -€2,247
down €2,247 (-51.3%), from €4,382 to €2,135
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €40,278 | €54,059 | +€13,781 | +34.2% |
| Fixed assets | 21/28 | €2,497 | €2,475 | -€22 | -0.9% |
| Tangible fixed assets | 22/27 | €1,340 | €871 | -€469 | -35.0% |
| Furniture and vehicles | 24 | €1,340 | €871 | -€469 | -35.0% |
| Financial fixed assets | 28 | €1,157 | €1,604 | +€447 | +38.6% |
| Current assets | 29/58 | €37,781 | €51,584 | +€13,803 | +36.5% |
| Amounts receivable within one year | 40/41 | €25,105 | €32,644 | +€7,539 | +30.0% |
| Trade receivables | 40 | €25,105 | €25,105 | = | 0.0% |
| Other amounts receivable | 41 | - | €7,539 | +€7,539 | |
| Cash at bank and in hand | 54/58 | €12,676 | €18,940 | +€6,264 | +49.4% |
| Total equity and liabilities | 10/49 | €40,278 | €54,059 | +€13,781 | +34.2% |
| Equity | 10/15 | €19,967 | €35,304 | +€15,337 | +76.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,367 | €16,704 | +€15,337 | +1,122% |
| Amounts payable | 17/49 | €20,311 | €18,755 | -€1,556 | -7.7% |
| Amounts payable within one year | 42/48 | €12,143 | €14,887 | +€2,744 | +22.6% |
| Trade debts | 44 | €7,602 | €10,563 | +€2,961 | +39.0% |
| Suppliers | 440/4 | €7,602 | €10,563 | +€2,961 | +39.0% |
| Taxes, remuneration and social security | 45 | €4,508 | €4,324 | -€184 | -4.1% |
| Taxes | 450/3 | €4,508 | €4,324 | -€184 | -4.1% |
| Other amounts payable | 47/48 | €33 | - | -€33 | |
| Accrued charges and deferred income | 492/3 | €8,168 | €3,868 | -€4,300 | -52.6% |
| Turnover | 70 | €132,286 | €135,467 | +€3,181 | +2.4% |
| Goods, raw materials, services and sundry goods | 60/61 | €116,631 | €116,051 | -€580 | -0.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,699 | €469 | -€1,230 | -72.4% |
| Other operating charges | 640/8 | €4,382 | €2,135 | -€2,247 | -51.3% |
| Gross operating margin | 9900 | €15,655 | €19,416 | +€3,761 | +24.0% |
| Operating profit (loss) | 9901 | €9,574 | €16,812 | +€7,238 | +75.6% |
| Financial income | 75/76B | €962 | - | -€962 | |
| Recurring financial income | 75 | €962 | - | -€962 | |
| Non-recurring financial income | 76B | €962 | - | -€962 | |
| Financial charges | 65/66B | €171 | €680 | +€509 | +298% |
| Recurring financial charges | 65 | €171 | €680 | +€509 | +298% |
| Profit (loss) for the period before taxes | 9903 | €10,365 | €16,132 | +€5,767 | +55.6% |
| Income taxes | 67/77 | - | €795 | +€795 | |
| Profit (loss) for the period | 9904 | €10,365 | €15,337 | +€4,972 | +48.0% |
| Profit (loss) for the period to be appropriated | 9905 | €10,365 | €15,337 | +€4,972 | +48.0% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.