MILANO NICOLAS: what changed
MILANO NICOLAS
Largest movements
- Receivables within one year +€6,685
up €6,685 (+9.6%), from €69,438 to €76,123
of which Other amounts receivable: +€15,618
- Cash -€1,612
no longer reported in 2025 (was €1,612)
mainly Receivables within one year (-€6,685) and Trade debts (-€5,588)
- Short-term financial debts +€9,333
new in 2025: €9,333
- Trade debts -€5,588
no longer reported in 2025 (was €5,588)
- Profit (loss) carried forward +€2,719
up €2,719 (+4.9%), from €55,903 to €58,622
- Tax, wage and social debts -€2,098
down €2,098 (-38.1%), from €5,500 to €3,402
- Turnover -€31,984
down €31,984 (-54.7%), from €58,479 to €26,495
- Gross operating margin -€23,977
down €23,977 (-91.9%), from €26,091 to €2,114
- Purchases and services -€8,007
down €8,007 (-24.7%), from €32,388 to €24,381
- Depreciation -€4,933
down €4,933 (-87.0%), from €5,669 to €736
- Taxes -€4,500
down €4,500 (-81.8%), from €5,500 to €1,000
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 | €75,393 | €79,412 | +€4,019 | +5.3% |
| Fixed assets | 21/28 | €736 | - | -€736 | |
| Tangible fixed assets | 22/27 | €736 | - | -€736 | |
| Furniture and vehicles | 24 | €736 | - | -€736 | |
| Current assets | 29/58 | €74,657 | €79,412 | +€4,755 | +6.4% |
| Amounts receivable within one year | 40/41 | €69,438 | €76,123 | +€6,685 | +9.6% |
| Trade receivables | 40 | €10,185 | €1,252 | -€8,933 | -87.7% |
| Other amounts receivable | 41 | €59,252 | €74,871 | +€15,618 | +26.4% |
| Cash at bank and in hand | 54/58 | €1,612 | - | -€1,612 | |
| Deferred charges and accrued income | 490/1 | €3,608 | €3,289 | -€318 | -8.8% |
| Total equity and liabilities | 10/49 | €75,393 | €79,412 | +€4,019 | +5.3% |
| Equity | 10/15 | €63,958 | €66,677 | +€2,719 | +4.3% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Capital | 10 | €6,200 | €6,200 | = | 0.0% |
| Issued capital | 100 | €18,550 | €18,550 | = | 0.0% |
| Uncalled capital | 101 | €12,350 | €12,350 | = | 0.0% |
| Reserves | 13 | €1,855 | €1,855 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,855 | €1,855 | = | 0.0% |
| Legal reserve | 130 | €1,855 | €1,855 | = | 0.0% |
| Profit (loss) carried forward | 14 | €55,903 | €58,622 | +€2,719 | +4.9% |
| Amounts payable | 17/49 | €11,435 | €12,735 | +€1,300 | +11.4% |
| Amounts payable within one year | 42/48 | €11,088 | €12,735 | +€1,647 | +14.9% |
| Financial debts | 43 | - | €9,333 | +€9,333 | |
| Credit institutions | 430/8 | - | €9,333 | +€9,333 | |
| Trade debts | 44 | €5,588 | - | -€5,588 | |
| Suppliers | 440/4 | €5,588 | - | -€5,588 | |
| Taxes, remuneration and social security | 45 | €5,500 | €3,402 | -€2,098 | -38.1% |
| Taxes | 450/3 | €5,500 | €3,402 | -€2,098 | -38.1% |
| Accrued charges and deferred income | 492/3 | €348 | - | -€348 | |
| Turnover | 70 | €58,479 | €26,495 | -€31,984 | -54.7% |
| Goods, raw materials, services and sundry goods | 60/61 | €32,388 | €24,381 | -€8,007 | -24.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,669 | €736 | -€4,933 | -87.0% |
| Other operating charges | 640/8 | €352 | €387 | +€36 | +10.1% |
| Gross operating margin | 9900 | €26,091 | €2,114 | -€23,977 | -91.9% |
| Operating profit (loss) | 9901 | €20,071 | €991 | -€19,080 | -95.1% |
| Financial income | 75/76B | €3,608 | €3,296 | -€311 | -8.6% |
| Recurring financial income | 75 | €3,608 | €3,296 | -€311 | -8.6% |
| Financial charges | 65/66B | €1,503 | €568 | -€935 | -62.2% |
| Recurring financial charges | 65 | €1,503 | €568 | -€935 | -62.2% |
| Profit (loss) for the period before taxes | 9903 | €22,175 | €3,719 | -€18,456 | -83.2% |
| Income taxes | 67/77 | €5,500 | €1,000 | -€4,500 | -81.8% |
| Profit (loss) for the period | 9904 | €16,675 | €2,719 | -€13,956 | -83.7% |
| Profit (loss) for the period to be appropriated | 9905 | €16,675 | €2,719 | -€13,956 | -83.7% |
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 6 November 2026 via checked.be.