Milart: 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.
Milart
Largest movements
- Cash +€11,908
up €11,908 (+88.9%), from €13,401 to €25,309
mainly Current portion of long-term debt (+€10,210) and Depreciation (+€5,650)
- Receivables within one year +€6,014
up €6,014 (+13.4%), from €44,933 to €50,947
of which Other amounts receivable: +€3,267
- Tangible fixed assets -€5,194
down €5,194 (-55.8%), from €9,308 to €4,115
of which Furniture and vehicles: -€4,566
- Current portion of long-term debt +€10,210
new in 2025: €10,210
- Profit (loss) carried forward +€1,150
up €1,150 (+4.3%), from €26,616 to €27,766
- Trade debts +€1,034
up €1,034 (+249.9%), from €414 to €1,447
- Gross operating margin -€4,028
down €4,028 (-23.1%), from €17,443 to €13,415
- Other operating charges +€1,788
up €1,788 (+203.4%), from €879 to €2,667
- Taxes -€1,593
down €1,593 (-38.7%), from €4,113 to €2,520
- Financial charges -€1,560
down €1,560 (-78.6%), from €1,984 to €424
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 | €71,790 | €84,184 | +€12,394 | +17.3% |
| Fixed assets | 21/28 | €10,610 | €5,416 | -€5,194 | -49.0% |
| Tangible fixed assets | 22/27 | €9,308 | €4,115 | -€5,194 | -55.8% |
| Land and buildings | 22 | €0 | €0 | = | |
| Plant, machinery and equipment | 23 | €990 | €362 | -€628 | -63.4% |
| Furniture and vehicles | 24 | €8,318 | €3,752 | -€4,566 | -54.9% |
| Financial fixed assets | 28 | €1,301 | €1,301 | = | 0.0% |
| Current assets | 29/58 | €61,181 | €78,768 | +€17,588 | +28.7% |
| Stocks and contracts in progress | 3 | €2,847 | €2,512 | -€335 | -11.8% |
| Stocks | 30/36 | €2,847 | €2,512 | -€335 | -11.8% |
| Amounts receivable within one year | 40/41 | €44,933 | €50,947 | +€6,014 | +13.4% |
| Trade receivables | 40 | €2,980 | €5,728 | +€2,747 | +92.2% |
| Other amounts receivable | 41 | €41,953 | €45,220 | +€3,267 | +7.8% |
| Cash at bank and in hand | 54/58 | €13,401 | €25,309 | +€11,908 | +88.9% |
| Total equity and liabilities | 10/49 | €71,790 | €84,184 | +€12,394 | +17.3% |
| Equity | 10/15 | €71,377 | €72,527 | +€1,150 | +1.6% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €24,761 | €24,761 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2,000 | €2,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,000 | €2,000 | = | 0.0% |
| Distributable reserves | 133 | €22,761 | €22,761 | = | 0.0% |
| Profit (loss) carried forward | 14 | €26,616 | €27,766 | +€1,150 | +4.3% |
| Amounts payable | 17/49 | €414 | €11,657 | +€11,244 | +2718.7% |
| Amounts payable within one year | 42/48 | €414 | €11,657 | +€11,244 | +2718.7% |
| Current portion of amounts payable after more than one year | 42 | - | €10,210 | +€10,210 | |
| Trade debts | 44 | €414 | €1,447 | +€1,034 | +249.9% |
| Suppliers | 440/4 | €414 | €1,447 | +€1,034 | +249.9% |
| Non-recurring operating income | 76A | - | €250 | +€250 | |
| Remuneration, social security and pensions | 62 | €384 | €443 | +€59 | +15.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,802 | €5,650 | -€152 | -2.6% |
| Other operating charges | 640/8 | €879 | €2,667 | +€1,788 | +203.4% |
| Non-recurring operating charges | 66A | - | €561 | +€561 | |
| Gross operating margin | 9900 | €17,443 | €13,415 | -€4,028 | -23.1% |
| Operating profit (loss) | 9901 | €10,377 | €4,094 | -€6,283 | -60.5% |
| Financial charges | 65/66B | €1,984 | €424 | -€1,560 | -78.6% |
| Recurring financial charges | 65 | €1,984 | €424 | -€1,560 | -78.6% |
| Profit (loss) for the period before taxes | 9903 | €8,393 | €3,670 | -€4,723 | -56.3% |
| Income taxes | 67/77 | €4,113 | €2,520 | -€1,593 | -38.7% |
| Profit (loss) for the period | 9904 | €4,280 | €1,150 | -€3,130 | -73.1% |
| Profit (loss) for the period to be appropriated | 9905 | €4,280 | €1,150 | -€3,130 | -73.1% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.