MILARTH: 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.
MILARTH
Largest movements
- Tangible fixed assets -€14,018
down €14,018 (-37.9%), from €36,986 to €22,968
of which Furniture and vehicles: -€12,449
- Deferred charges and accrued income -€10,320
down €10,320 (-44.9%), from €23,000 to €12,680
- Cash +€3,465
up €3,465, from €0 to €3,465
mainly Depreciation (+€18,018) and Deferred charges and accrued income (+€10,320)
- Receivables within one year -€2,731
down €2,731 (-15.7%), from €17,409 to €14,679
of which Other amounts receivable: -€3,457
- Reserves -€9,730
down €9,730 (-100%), from €9,730 to €0
of which Distributable reserves: -€9,730
- Debts after one year -€9,226
down €9,226 (-41.2%), from €22,408 to €13,181
- Short-term financial debts -€5,940
down €5,940 (-100%), from €5,940 to €0
- Profit (loss) carried forward -€4,311
new in 2024: -€4,311
- Trade debts +€2,409
up €2,409 (+51.1%), from €4,718 to €7,127
- Gross operating margin -€21,869
down €21,869 (-71.5%), from €30,592 to €8,723
- Taxes -€4,199
down €4,199 (-96.7%), from €4,342 to €143
- Depreciation +€363
up €363 (+2.1%), from €17,655 to €18,018
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 | €77,396 | €53,791 | -€23,604 | -30.5% |
| Fixed assets | 21/28 | €36,986 | €22,968 | -€14,018 | -37.9% |
| Tangible fixed assets | 22/27 | €36,986 | €22,968 | -€14,018 | -37.9% |
| Furniture and vehicles | 24 | €32,840 | €20,391 | -€12,449 | -37.9% |
| Other tangible fixed assets | 26 | €4,146 | €2,577 | -€1,570 | -37.9% |
| Current assets | 29/58 | €40,409 | €30,823 | -€9,586 | -23.7% |
| Amounts receivable within one year | 40/41 | €17,409 | €14,679 | -€2,731 | -15.7% |
| Trade receivables | 40 | €13,068 | €13,794 | +€726 | +5.6% |
| Other amounts receivable | 41 | €4,341 | €885 | -€3,457 | -79.6% |
| Cash at bank and in hand | 54/58 | €0 | €3,465 | +€3,465 | |
| Deferred charges and accrued income | 490/1 | €23,000 | €12,680 | -€10,320 | -44.9% |
| Total equity and liabilities | 10/49 | €77,396 | €53,791 | -€23,604 | -30.5% |
| Equity | 10/15 | €19,730 | €5,689 | -€14,041 | -71.2% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €9,730 | €0 | -€9,730 | -100% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €9,730 | €0 | -€9,730 | -100% |
| Profit (loss) carried forward | 14 | - | -€4,311 | -€4,311 | |
| Amounts payable | 17/49 | €57,666 | €48,102 | -€9,564 | -16.6% |
| Amounts payable after more than one year | 17 | €22,408 | €13,181 | -€9,226 | -41.2% |
| Financial debts | 170/4 | €22,408 | €13,181 | -€9,226 | -41.2% |
| Amounts payable within one year | 42/48 | €35,258 | €34,921 | -€337 | -1.0% |
| Current portion of amounts payable after more than one year | 42 | €9,828 | €12,140 | +€2,311 | +23.5% |
| Financial debts | 43 | €5,940 | €0 | -€5,940 | -100% |
| Credit institutions | 430/8 | €5,940 | €0 | -€5,940 | -100% |
| Trade debts | 44 | €4,718 | €7,127 | +€2,409 | +51.1% |
| Suppliers | 440/4 | €4,718 | €7,127 | +€2,409 | +51.1% |
| Taxes, remuneration and social security | 45 | €14,772 | €15,654 | +€883 | +6.0% |
| Taxes | 450/3 | €14,770 | €11,763 | -€3,006 | -20.4% |
| Remuneration and social security | 454/9 | €2 | €3,891 | +€3,889 | +191,579% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,655 | €18,018 | +€363 | +2.1% |
| Other operating charges | 640/8 | €2,529 | €2,322 | -€207 | -8.2% |
| Gross operating margin | 9900 | €30,592 | €8,723 | -€21,869 | -71.5% |
| Operating profit (loss) | 9901 | €10,407 | -€11,618 | -€22,025 | |
| Financial income | 75/76B | €33 | €167 | +€134 | +405% |
| Recurring financial income | 75 | €33 | €167 | +€134 | +405% |
| Non-recurring financial income | 76B | €0 | - | = | |
| Financial charges | 65/66B | €2,633 | €2,447 | -€186 | -7.1% |
| Recurring financial charges | 65 | €2,633 | €2,447 | -€186 | -7.1% |
| Profit (loss) for the period before taxes | 9903 | €7,807 | -€13,898 | -€21,705 | |
| Income taxes | 67/77 | €4,342 | €143 | -€4,199 | -96.7% |
| Profit (loss) for the period | 9904 | €3,465 | -€14,041 | -€17,506 | |
| Profit (loss) for the period to be appropriated | 9905 | €3,465 | -€14,041 | -€17,506 |
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 19 October 2026 via checked.be.