Milara: 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.
Milara
Largest movements
- Cash +€9,575
up €9,575 (+25.4%), from €37,707 to €47,282
mainly Net result for the year (+€19,838) and Depreciation (+€8,627)
- Receivables within one year -€4,812
down €4,812 (-47.6%), from €10,115 to €5,302
of which Trade receivables: -€6,050
- Tangible fixed assets -€3,639
down €3,639 (-21.7%), from €16,765 to €13,126
of which Furniture and vehicles: -€6,875
- Reserves +€19,838
up €19,838 (+27.7%), from €71,644 to €91,482
- Tax, wage and social debts -€8,025
down €8,025 (-34.8%), from €23,029 to €15,004
of which Taxes: -€6,915
- Current portion of long-term debt -€7,075
down €7,075 (-83.6%), from €8,465 to €1,390
- Trade debts +€5,854
up €5,854 (+14.2%), from €41,241 to €47,095
- Other debts -€5,474
down €5,474 (-42.1%), from €13,010 to €7,535
- Gross operating margin -€22,539
down €22,539 (-21.4%), from €105,211 to €82,672
- Staff costs -€15,058
down €15,058 (-28.7%), from €52,469 to €37,411
- Financial charges -€2,543
down €2,543 (-26.0%), from €9,782 to €7,239
- Taxes -€1,186
down €1,186 (-11.7%), from €10,127 to €8,941
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.
Derived cash bridge
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 | €201,988 | €205,715 | +€3,727 | +1.8% |
| Fixed assets | 21/28 | €17,131 | €13,492 | -€3,639 | -21.2% |
| Tangible fixed assets | 22/27 | €16,765 | €13,126 | -€3,639 | -21.7% |
| Plant, machinery and equipment | 23 | €1,839 | €1,042 | -€797 | -43.4% |
| Furniture and vehicles | 24 | €12,934 | €6,059 | -€6,875 | -53.2% |
| Other tangible fixed assets | 26 | €1,992 | €6,025 | +€4,033 | +202% |
| Financial fixed assets | 28 | €366 | €366 | = | 0.0% |
| Current assets | 29/58 | €184,857 | €192,223 | +€7,366 | +4.0% |
| Stocks and contracts in progress | 3 | €126,091 | €127,868 | +€1,777 | +1.4% |
| Stocks | 30/36 | €126,091 | €127,868 | +€1,777 | +1.4% |
| Amounts receivable within one year | 40/41 | €10,115 | €5,302 | -€4,812 | -47.6% |
| Trade receivables | 40 | €9,699 | €3,649 | -€6,050 | -62.4% |
| Other amounts receivable | 41 | €416 | €1,654 | +€1,238 | +298% |
| Current investments | 50/53 | €9,470 | €9,543 | +€72 | +0.8% |
| Cash at bank and in hand | 54/58 | €37,707 | €47,282 | +€9,575 | +25.4% |
| Deferred charges and accrued income | 490/1 | €1,474 | €2,228 | +€754 | +51.1% |
| Total equity and liabilities | 10/49 | €201,988 | €205,715 | +€3,727 | +1.8% |
| Equity | 10/15 | €114,850 | €134,688 | +€19,838 | +17.3% |
| Contributions | 10/11 | €43,600 | €43,600 | = | 0.0% |
| Reserves | 13 | €71,644 | €91,482 | +€19,838 | +27.7% |
| Distributable reserves | 133 | €71,644 | €91,482 | +€19,838 | +27.7% |
| Profit (loss) carried forward | 14 | -€394 | -€394 | = | 0.0% |
| Amounts payable | 17/49 | €87,138 | €71,027 | -€16,111 | -18.5% |
| Amounts payable after more than one year | 17 | €1,390 | - | -€1,390 | |
| Financial debts | 170/4 | €1,390 | - | -€1,390 | |
| Amounts payable within one year | 42/48 | €85,748 | €71,027 | -€14,721 | -17.2% |
| Current portion of amounts payable after more than one year | 42 | €8,465 | €1,390 | -€7,075 | -83.6% |
| Financial debts | 43 | €3 | €3 | = | 0.0% |
| Credit institutions | 430/8 | €3 | €3 | = | 0.0% |
| Trade debts | 44 | €41,241 | €47,095 | +€5,854 | +14.2% |
| Suppliers | 440/4 | €41,241 | €47,095 | +€5,854 | +14.2% |
| Taxes, remuneration and social security | 45 | €23,029 | €15,004 | -€8,025 | -34.8% |
| Taxes | 450/3 | €16,549 | €9,634 | -€6,915 | -41.8% |
| Remuneration and social security | 454/9 | €6,480 | €5,370 | -€1,110 | -17.1% |
| Other amounts payable | 47/48 | €13,010 | €7,535 | -€5,474 | -42.1% |
| Remuneration, social security and pensions | 62 | €52,469 | €37,411 | -€15,058 | -28.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,661 | €8,627 | -€34 | -0.4% |
| Other operating charges | 640/8 | €1,484 | €1,392 | -€93 | -6.2% |
| Gross operating margin | 9900 | €105,211 | €82,672 | -€22,539 | -21.4% |
| Operating profit (loss) | 9901 | €42,597 | €35,242 | -€7,355 | -17.3% |
| Financial income | 75/76B | €479 | €777 | +€298 | +62.1% |
| Recurring financial income | 75 | €479 | €777 | +€298 | +62.1% |
| Financial charges | 65/66B | €9,782 | €7,239 | -€2,543 | -26.0% |
| Recurring financial charges | 65 | €9,782 | €7,239 | -€2,543 | -26.0% |
| Profit (loss) for the period before taxes | 9903 | €33,294 | €28,779 | -€4,515 | -13.6% |
| Income taxes | 67/77 | €10,127 | €8,941 | -€1,186 | -11.7% |
| Profit (loss) for the period | 9904 | €23,167 | €19,838 | -€3,329 | -14.4% |
| Profit (loss) for the period to be appropriated | 9905 | €23,167 | €19,838 | -€3,329 | -14.4% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.