MILATECH: 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.
MILATECH
Largest movements
- Cash +€34,904
up €34,904 (+44.2%), from €78,953 to €113,857
mainly Receivables within one year (+€30,355) and Net result for the year (+€11,575)
- Receivables within one year -€30,355
down €30,355 (-72.4%), from €41,910 to €11,556
of which Trade receivables: -€28,531
- Tangible fixed assets -€2,707
down €2,707 (-24.4%), from €11,093 to €8,386
of which Furniture and vehicles: -€1,479
- Other debts -€17,758
down €17,758 (-98.5%), from €18,027 to €269
- Reserves +€11,575
up €11,575 (+10.7%), from €108,364 to €119,939
- Tax, wage and social debts +€8,482
up €8,482 (+472.6%), from €1,795 to €10,277
of which Taxes: +€10,182
- Gross operating margin -€30,712
down €30,712 (-61.1%), from €50,261 to €19,549
- Other operating charges -€25,662
no longer reported in 2025 (was €25,662)
- Taxes +€3,168
up €3,168 (+3344.0%), from €95 to €3,263
- Depreciation +€1,010
up €1,010 (+31.4%), from €3,215 to €4,225
- Staff costs -€731
down €731 (-60.1%), from €1,216 to €486
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 | €132,006 | €133,849 | +€1,843 | +1.4% |
| Fixed assets | 21/28 | €11,143 | €8,436 | -€2,707 | -24.3% |
| Tangible fixed assets | 22/27 | €11,093 | €8,386 | -€2,707 | -24.4% |
| Plant, machinery and equipment | 23 | €7,768 | €6,540 | -€1,229 | -15.8% |
| Furniture and vehicles | 24 | €3,325 | €1,846 | -€1,479 | -44.5% |
| Financial fixed assets | 28 | €50 | €50 | = | 0.0% |
| Current assets | 29/58 | €120,863 | €125,413 | +€4,550 | +3.8% |
| Amounts receivable within one year | 40/41 | €41,910 | €11,556 | -€30,355 | -72.4% |
| Trade receivables | 40 | €40,081 | €11,550 | -€28,531 | -71.2% |
| Other amounts receivable | 41 | €1,829 | €6 | -€1,823 | -99.7% |
| Cash at bank and in hand | 54/58 | €78,953 | €113,857 | +€34,904 | +44.2% |
| Total equity and liabilities | 10/49 | €132,006 | €133,849 | +€1,843 | +1.4% |
| Equity | 10/15 | €111,364 | €122,939 | +€11,575 | +10.4% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €108,364 | €119,939 | +€11,575 | +10.7% |
| Distributable reserves | 133 | €108,364 | €119,939 | +€11,575 | +10.7% |
| Amounts payable | 17/49 | €20,642 | €10,909 | -€9,732 | -47.1% |
| Amounts payable within one year | 42/48 | €20,342 | €10,609 | -€9,732 | -47.8% |
| Trade debts | 44 | €520 | €64 | -€456 | -87.8% |
| Suppliers | 440/4 | €520 | €64 | -€456 | -87.8% |
| Taxes, remuneration and social security | 45 | €1,795 | €10,277 | +€8,482 | +472.6% |
| Taxes | 450/3 | €95 | €10,277 | +€10,182 | +10746.2% |
| Remuneration and social security | 454/9 | €1,700 | - | -€1,700 | |
| Other amounts payable | 47/48 | €18,027 | €269 | -€17,758 | -98.5% |
| Accrued charges and deferred income | 492/3 | €300 | €300 | = | 0.0% |
| Remuneration, social security and pensions | 62 | €1,216 | €486 | -€731 | -60.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,215 | €4,225 | +€1,010 | +31.4% |
| Other operating charges | 640/8 | €25,662 | - | -€25,662 | |
| Gross operating margin | 9900 | €50,261 | €19,549 | -€30,712 | -61.1% |
| Operating profit (loss) | 9901 | €20,167 | €14,838 | -€5,329 | -26.4% |
| Profit (loss) for the period before taxes | 9903 | €20,167 | €14,838 | -€5,329 | -26.4% |
| Income taxes | 67/77 | €95 | €3,263 | +€3,168 | +3344.0% |
| Profit (loss) for the period | 9904 | €20,072 | €11,575 | -€8,497 | -42.3% |
| Profit (loss) for the period to be appropriated | 9905 | €20,072 | €11,575 | -€8,497 | -42.3% |
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 2 October 2026 via checked.be.