MILÀNTON: what changed
Two fiscal 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.
MILÀNTON
Largest movements
- Receivables within one year +€87,193
up €87,193 (+38.2%), from €228,295 to €315,488
of which Trade receivables: +€91,743
- Tangible fixed assets -€23,797
down €23,797 (-19.6%), from €121,370 to €97,573
- Stocks and contracts +€14,427
up €14,427 (+19.6%), from €73,532 to €87,959
- Trade debts +€112,856
up €112,856 (+116.8%), from €96,591 to €209,447
- Other debts +€77,052
up €77,052 (+370.0%), from €20,824 to €97,876
- Debts after one year -€74,016
down €74,016 (-52.6%), from €140,833 to €66,816
- Tax, wage and social debts -€35,720
down €35,720 (-60.4%), from €59,141 to €23,420
of which Taxes: -€24,367
- Profit (loss) carried forward +€15,600
up €15,600 (+28.0%), from -€55,814 to -€40,214
- Staff costs -€47,318
down €47,318 (-76.9%), from €61,550 to €14,233
- Gross operating margin -€36,354
down €36,354 (-30.7%), from €118,255 to €81,901
- Financial charges +€4,138
up €4,138 (+44.0%), from €9,403 to €13,540
- Other operating charges +€2,008
up €2,008 (+65.5%), from €3,066 to €5,074
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.
Cash bridge derived
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 | €430,385 | €514,680 | +€84,294 | +19.6% |
| Fixed assets | 21/28 | €121,739 | €97,942 | -€23,797 | -19.5% |
| Tangible fixed assets | 22/27 | €121,370 | €97,573 | -€23,797 | -19.6% |
| Plant, machinery and equipment | 23 | €44,509 | €33,112 | -€11,397 | -25.6% |
| Furniture and vehicles | 24 | €4,478 | €3,298 | -€1,181 | -26.4% |
| Leasing and similar rights | 25 | €7,747 | €5,160 | -€2,587 | -33.4% |
| Other tangible fixed assets | 26 | €64,636 | €56,004 | -€8,632 | -13.4% |
| Financial fixed assets | 28 | €369 | €369 | = | 0.0% |
| Current assets | 29/58 | €308,646 | €416,737 | +€108,091 | +35.0% |
| Stocks and contracts in progress | 3 | €73,532 | €87,959 | +€14,427 | +19.6% |
| Stocks | 30/36 | €73,532 | €87,959 | +€14,427 | +19.6% |
| Amounts receivable within one year | 40/41 | €228,295 | €315,488 | +€87,193 | +38.2% |
| Trade receivables | 40 | €208,484 | €300,227 | +€91,743 | +44.0% |
| Other amounts receivable | 41 | €19,811 | €15,261 | -€4,550 | -23.0% |
| Cash at bank and in hand | 54/58 | €6,574 | €11,482 | +€4,908 | +74.7% |
| Deferred charges and accrued income | 490/1 | €245 | €1,809 | +€1,564 | +638.8% |
| Total equity and liabilities | 10/49 | €430,385 | €514,680 | +€84,294 | +19.6% |
| Equity | 10/15 | €60,294 | €75,894 | +€15,600 | +25.9% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €114,108 | €114,108 | = | 0.0% |
| Distributable reserves | 133 | €114,108 | €114,108 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€55,814 | -€40,214 | +€15,600 | +28.0% |
| Amounts payable | 17/49 | €370,092 | €438,786 | +€68,694 | +18.6% |
| Amounts payable after more than one year | 17 | €140,833 | €66,816 | -€74,016 | -52.6% |
| Financial debts | 170/4 | €140,833 | €66,816 | -€74,016 | -52.6% |
| Amounts payable within one year | 42/48 | €228,069 | €371,970 | +€143,901 | +63.1% |
| Current portion of amounts payable after more than one year | 42 | €51,513 | €41,227 | -€10,287 | -20.0% |
| Trade debts | 44 | €96,591 | €209,447 | +€112,856 | +116.8% |
| Suppliers | 440/4 | €96,591 | €209,447 | +€112,856 | +116.8% |
| Taxes, remuneration and social security | 45 | €59,141 | €23,420 | -€35,720 | -60.4% |
| Taxes | 450/3 | €47,787 | €23,420 | -€24,367 | -51.0% |
| Remuneration and social security | 454/9 | €11,354 | €0 | -€11,354 | -100.0% |
| Other amounts payable | 47/48 | €20,824 | €97,876 | +€77,052 | +370.0% |
| Accrued charges and deferred income | 492/3 | €1,190 | €0 | -€1,190 | -100.0% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €61,550 | €14,233 | -€47,318 | -76.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €33,886 | €33,370 | -€516 | -1.5% |
| Other operating charges | 640/8 | €3,066 | €5,074 | +€2,008 | +65.5% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €118,255 | €81,901 | -€36,354 | -30.7% |
| Operating profit (loss) | 9901 | €19,753 | €29,224 | +€9,471 | +47.9% |
| Financial income | 75/76B | €768 | €70 | -€698 | -90.9% |
| Recurring financial income | 75 | €768 | €70 | -€698 | -90.9% |
| Financial charges | 65/66B | €9,403 | €13,540 | +€4,138 | +44.0% |
| Recurring financial charges | 65 | €9,403 | €13,540 | +€4,138 | +44.0% |
| Profit (loss) for the period before taxes | 9903 | €11,118 | €15,754 | +€4,636 | +41.7% |
| Income taxes | 67/77 | €1,160 | €153 | -€1,006 | -86.8% |
| Profit (loss) for the period | 9904 | €9,958 | €15,600 | +€5,642 | +56.7% |
| Profit (loss) for the period to be appropriated | 9905 | €9,958 | €15,600 | +€5,642 | +56.7% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.