Milano Designs: 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 Designs
Largest movements
- Cash +€102,351
up €102,351 (+39.4%), from €259,485 to €361,835
mainly Net result for the year (+€105,776) and Tax, wage and social debts (+€52,292)
- Tangible fixed assets -€7,678
down €7,678 (-22.4%), from €34,340 to €26,661
of which Furniture and vehicles: -€7,062
- Reserves +€80,000
up €80,000 (+37.6%), from €213,000 to €293,000
- Tax, wage and social debts +€52,292
up €52,292 (+140%), from €37,378 to €89,670
- Other debts -€43,977
no longer reported in 2024 (was €43,977)
- Profit (loss) carried forward +€25,776
up €25,776 (+79.2%), from €32,531 to €58,307
- Trade debts -€17,482
down €17,482 (-85.0%), from €20,573 to €3,090
- Gross operating margin +€35,740
up €35,740 (+28.4%), from €125,773 to €161,513
- Taxes +€9,994
up €9,994 (+29.3%), from €34,148 to €44,141
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 | €347,559 | €444,167 | +€96,608 | +27.8% |
| Fixed assets | 21/28 | €34,340 | €26,661 | -€7,678 | -22.4% |
| Tangible fixed assets | 22/27 | €34,340 | €26,661 | -€7,678 | -22.4% |
| Plant, machinery and equipment | 23 | €412 | €36 | -€376 | -91.2% |
| Furniture and vehicles | 24 | €33,145 | €26,083 | -€7,062 | -21.3% |
| Other tangible fixed assets | 26 | €782 | €542 | -€240 | -30.7% |
| Current assets | 29/58 | €313,219 | €417,506 | +€104,286 | +33.3% |
| Stocks and contracts in progress | 3 | €603 | €603 | = | 0.0% |
| Stocks | 30/36 | €603 | €603 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €52,028 | €52,404 | +€376 | +0.7% |
| Trade receivables | 40 | €50,917 | €46,971 | -€3,946 | -7.8% |
| Other amounts receivable | 41 | €1,110 | €5,433 | +€4,323 | +389% |
| Cash at bank and in hand | 54/58 | €259,485 | €361,835 | +€102,351 | +39.4% |
| Deferred charges and accrued income | 490/1 | €1,104 | €2,663 | +€1,559 | +141% |
| Total equity and liabilities | 10/49 | €347,559 | €444,167 | +€96,608 | +27.8% |
| Equity | 10/15 | €245,631 | €351,407 | +€105,776 | +43.1% |
| Contributions | 10/11 | €100 | €100 | = | 0.0% |
| Reserves | 13 | €213,000 | €293,000 | +€80,000 | +37.6% |
| Distributable reserves | 133 | €213,000 | €293,000 | +€80,000 | +37.6% |
| Profit (loss) carried forward | 14 | €32,531 | €58,307 | +€25,776 | +79.2% |
| Amounts payable | 17/49 | €101,928 | €92,761 | -€9,168 | -9.0% |
| Amounts payable within one year | 42/48 | €101,928 | €92,761 | -€9,168 | -9.0% |
| Trade debts | 44 | €20,573 | €3,090 | -€17,482 | -85.0% |
| Suppliers | 440/4 | €20,573 | €3,090 | -€17,482 | -85.0% |
| Taxes, remuneration and social security | 45 | €37,378 | €89,670 | +€52,292 | +140% |
| Taxes | 450/3 | €37,378 | €89,670 | +€52,292 | +140% |
| Other amounts payable | 47/48 | €43,977 | - | -€43,977 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,785 | €11,015 | +€231 | +2.1% |
| Other operating charges | 640/8 | €1,079 | €1,063 | -€17 | -1.6% |
| Gross operating margin | 9900 | €125,773 | €161,513 | +€35,740 | +28.4% |
| Operating profit (loss) | 9901 | €113,909 | €149,435 | +€35,526 | +31.2% |
| Financial income | 75/76B | €649 | €561 | -€87 | -13.5% |
| Recurring financial income | 75 | €649 | €561 | -€87 | -13.5% |
| Financial charges | 65/66B | €151 | €79 | -€72 | -47.7% |
| Recurring financial charges | 65 | €151 | €79 | -€72 | -47.7% |
| Profit (loss) for the period before taxes | 9903 | €114,406 | €149,917 | +€35,511 | +31.0% |
| Income taxes | 67/77 | €34,148 | €44,141 | +€9,994 | +29.3% |
| Profit (loss) for the period | 9904 | €80,259 | €105,776 | +€25,517 | +31.8% |
| Profit (loss) for the period to be appropriated | 9905 | €80,259 | €105,776 | +€25,517 | +31.8% |
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 30 October 2026 via checked.be.