MILBEN HOLDING: 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.
MILBEN HOLDING
Largest movements
- Receivables within one year +€110,686
up €110,686 (+10.6%), from €1.0m to €1.2m
of which Other amounts receivable: +€109,289
- Cash -€40,028
down €40,028 (-32.3%), from €123,840 to €83,812
mainly Receivables within one year (-€110,686) and Deferred charges and accrued income (-€712)
- Tangible fixed assets -€24,647
down €24,647 (-4.1%), from €603,562 to €578,915
of which Land and buildings: -€23,947
- Reserves +€40,540
up €40,540 (+4.9%), from €823,937 to €864,476
- Financial income +€8,893
up €8,893 (+15.3%), from €58,099 to €66,993
- Gross operating margin -€943
down €943 (-16.0%), from €5,892 to €4,949
- Taxes +€683
up €683 (+20.3%), from €3,371 to €4,054
- Other operating charges +€310
up €310 (+14.7%), from €2,110 to €2,420
- Depreciation +€101
up €101 (+0.4%), from €24,546 to €24,647
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 | €2,092,858 | €2,135,030 | +€42,172 | +2.0% |
| Fixed assets | 21/28 | €704,563 | €679,916 | -€24,647 | -3.5% |
| Tangible fixed assets | 22/27 | €603,562 | €578,915 | -€24,647 | -4.1% |
| Land and buildings | 22 | €602,060 | €578,113 | -€23,947 | -4.0% |
| Furniture and vehicles | 24 | €1,501 | €801 | -€700 | -46.6% |
| Financial fixed assets | 28 | €101,001 | €101,001 | = | 0.0% |
| Current assets | 29/58 | €1,388,296 | €1,455,115 | +€66,819 | +4.8% |
| Amounts receivable after more than one year | 29 | €219,528 | €214,978 | -€4,550 | -2.1% |
| Other amounts receivable | 291 | €219,528 | €214,978 | -€4,550 | -2.1% |
| Amounts receivable within one year | 40/41 | €1,044,927 | €1,155,613 | +€110,686 | +10.6% |
| Trade receivables | 40 | €3,858 | €5,255 | +€1,397 | +36.2% |
| Other amounts receivable | 41 | €1,041,069 | €1,150,358 | +€109,289 | +10.5% |
| Cash at bank and in hand | 54/58 | €123,840 | €83,812 | -€40,028 | -32.3% |
| Deferred charges and accrued income | 490/1 | - | €712 | +€712 | |
| Total equity and liabilities | 10/49 | €2,092,858 | €2,135,030 | +€42,172 | +2.0% |
| Equity | 10/15 | €1,965,321 | €2,005,861 | +€40,540 | +2.1% |
| Contributions | 10/11 | €931,000 | €931,000 | = | 0.0% |
| Reserves | 13 | €823,937 | €864,476 | +€40,540 | +4.9% |
| Distributable reserves | 133 | €823,937 | €864,476 | +€40,540 | +4.9% |
| Profit (loss) carried forward | 14 | €210,385 | €210,385 | = | 0.0% |
| Amounts payable | 17/49 | €127,537 | €129,169 | +€1,632 | +1.3% |
| Amounts payable after more than one year | 17 | €2,850 | €2,850 | = | 0.0% |
| Other amounts payable | 178/9 | €2,850 | €2,850 | = | 0.0% |
| Amounts payable within one year | 42/48 | €124,687 | €126,319 | +€1,632 | +1.3% |
| Trade debts | 44 | €26 | €731 | +€705 | +2,715% |
| Suppliers | 440/4 | €26 | €731 | +€705 | +2,715% |
| Taxes, remuneration and social security | 45 | €4,703 | €5,630 | +€927 | +19.7% |
| Taxes | 450/3 | €4,703 | €5,630 | +€927 | +19.7% |
| Other amounts payable | 47/48 | €119,958 | €119,958 | = | 0.0% |
| Non-recurring operating income | 76A | €200 | - | -€200 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €24,546 | €24,647 | +€101 | +0.4% |
| Other operating charges | 640/8 | €2,110 | €2,420 | +€310 | +14.7% |
| Gross operating margin | 9900 | €5,892 | €4,949 | -€943 | -16.0% |
| Operating profit (loss) | 9901 | -€20,765 | -€22,119 | -€1,354 | -6.5% |
| Financial income | 75/76B | €58,099 | €66,993 | +€8,893 | +15.3% |
| Recurring financial income | 75 | €58,099 | €66,993 | +€8,893 | +15.3% |
| Financial charges | 65/66B | €256 | €280 | +€24 | +9.6% |
| Recurring financial charges | 65 | €256 | €280 | +€24 | +9.6% |
| Profit (loss) for the period before taxes | 9903 | €37,079 | €44,594 | +€7,515 | +20.3% |
| Income taxes | 67/77 | €3,371 | €4,054 | +€683 | +20.3% |
| Profit (loss) for the period | 9904 | €33,708 | €40,540 | +€6,832 | +20.3% |
| Profit (loss) for the period to be appropriated | 9905 | €33,708 | €40,540 | +€6,832 | +20.3% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 20 October 2026 via checked.be.