MILAS GROUP: 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.
MILAS GROUP
Largest movements
- Receivables within one year +€109,123
up €109,123 (+46.2%), from €236,233 to €345,357
of which Trade receivables: +€107,263
- Cash +€40,485
up €40,485 (+68.8%), from €58,881 to €99,366
mainly Trade debts (+€97,298) and Tax, wage and social debts (+€43,673)
- Financial fixed assets +€6,375
new in 2025: €6,375
- Tangible fixed assets +€5,600
up €5,600 (+1034.1%), from €542 to €6,141
- Trade debts +€97,298
up €97,298 (+54.9%), from €177,368 to €274,667
- Tax, wage and social debts +€43,673
up €43,673 (+79.5%), from €54,921 to €98,593
of which Remuneration and social security: +€43,244
- Profit (loss) carried forward +€30,091
up €30,091 (+102.5%), from €29,345 to €59,435
- Accrued charges and deferred income -€11,548
no longer reported in 2025 (was €11,548)
- Gross operating margin +€322,168
up €322,168 (+83.2%), from €387,014 to €709,182
- Staff costs +€320,762
up €320,762 (+92.8%), from €345,652 to €666,414
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 | €297,425 | €457,238 | +€159,814 | +53.7% |
| Fixed assets | 21/28 | €542 | €12,516 | +€11,975 | +2211.3% |
| Tangible fixed assets | 22/27 | €542 | €6,141 | +€5,600 | +1034.1% |
| Furniture and vehicles | 24 | €542 | €6,141 | +€5,600 | +1034.1% |
| Financial fixed assets | 28 | - | €6,375 | +€6,375 | |
| Current assets | 29/58 | €296,883 | €444,722 | +€147,839 | +49.8% |
| Amounts receivable within one year | 40/41 | €236,233 | €345,357 | +€109,123 | +46.2% |
| Trade receivables | 40 | €235,574 | €342,837 | +€107,263 | +45.5% |
| Other amounts receivable | 41 | €660 | €2,520 | +€1,860 | +282.0% |
| Cash at bank and in hand | 54/58 | €58,881 | €99,366 | +€40,485 | +68.8% |
| Deferred charges and accrued income | 490/1 | €1,769 | - | -€1,769 | |
| Total equity and liabilities | 10/49 | €297,425 | €457,238 | +€159,814 | +53.7% |
| Equity | 10/15 | €51,845 | €81,935 | +€30,091 | +58.0% |
| Contributions | 10/11 | €22,500 | €22,500 | = | 0.0% |
| Contributions outside capital | 11 | €22,500 | €22,500 | = | 0.0% |
| Other | 1109/19 | €22,500 | €22,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €29,345 | €59,435 | +€30,091 | +102.5% |
| Amounts payable | 17/49 | €245,580 | €375,303 | +€129,723 | +52.8% |
| Amounts payable within one year | 42/48 | €234,032 | €375,303 | +€141,271 | +60.4% |
| Trade debts | 44 | €177,368 | €274,667 | +€97,298 | +54.9% |
| Suppliers | 440/4 | €177,368 | €274,667 | +€97,298 | +54.9% |
| Taxes, remuneration and social security | 45 | €54,921 | €98,593 | +€43,673 | +79.5% |
| Taxes | 450/3 | €7,380 | €7,809 | +€429 | +5.8% |
| Remuneration and social security | 454/9 | €47,540 | €90,785 | +€43,244 | +91.0% |
| Other amounts payable | 47/48 | €1,743 | €2,043 | +€300 | +17.2% |
| Accrued charges and deferred income | 492/3 | €11,548 | - | -€11,548 | |
| Non-recurring operating income | 76A | - | €12,494 | +€12,494 | |
| Remuneration, social security and pensions | 62 | €345,652 | €666,414 | +€320,762 | +92.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,808 | €1,385 | -€1,423 | -50.7% |
| Other operating charges | 640/8 | €1,756 | €2,514 | +€758 | +43.1% |
| Gross operating margin | 9900 | €387,014 | €709,182 | +€322,168 | +83.2% |
| Operating profit (loss) | 9901 | €36,797 | €38,869 | +€2,072 | +5.6% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €72 | €969 | +€897 | +1237.9% |
| Recurring financial charges | 65 | €72 | €969 | +€897 | +1237.9% |
| Profit (loss) for the period before taxes | 9903 | €36,725 | €37,899 | +€1,175 | +3.2% |
| Income taxes | 67/77 | €7,380 | €7,809 | +€429 | +5.8% |
| Profit (loss) for the period | 9904 | €29,345 | €30,091 | +€746 | +2.5% |
| Profit (loss) for the period to be appropriated | 9905 | €29,345 | €30,091 | +€746 | +2.5% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.