MILCOM: 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.
MILCOM
Largest movements
- Receivables within one year +€36,223
up €36,223 (+29.6%), from €122,477 to €158,700
of which Trade receivables: +€29,290
- Cash +€9,487
up €9,487 (+33.3%), from €28,469 to €37,955
mainly Net result for the year (+€22,129) and Other debts (+€10,000)
- Profit (loss) carried forward +€22,129
up €22,129 (+74.8%), from €29,583 to €51,712
- Other debts +€10,000
up €10,000 (+127.1%), from €7,868 to €17,868
- Tax, wage and social debts +€7,334
up €7,334 (+22.9%), from €32,065 to €39,399
of which Taxes: +€7,334
- Trade debts +€6,247
up €6,247 (+18.0%), from €34,696 to €40,943
- Gross operating margin +€25,625
up €25,625 (+492.3%), from €5,205 to €30,830
- Taxes +€7,454
up €7,454 (+503.9%), from €1,479 to €8,934
- Other operating charges +€431
up €431 (+112.2%), from €384 to €816
- Financial income +€393
up €393 (+46.7%), from €841 to €1,233
- Financial charges -€324
down €324 (-63.6%), from €509 to €185
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.
Cash bridge derived
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 | €173,874 | €219,584 | +€45,710 | +26.3% |
| Fixed assets | 21/28 | €15,903 | €15,903 | = | 0.0% |
| Tangible fixed assets | 22/27 | €10,890 | €10,890 | = | 0.0% |
| Furniture and vehicles | 24 | €10,890 | €10,890 | = | 0.0% |
| Financial fixed assets | 28 | €5,013 | €5,013 | = | 0.0% |
| Current assets | 29/58 | €157,971 | €203,681 | +€45,710 | +28.9% |
| Amounts receivable within one year | 40/41 | €122,477 | €158,700 | +€36,223 | +29.6% |
| Trade receivables | 40 | €73,772 | €103,062 | +€29,290 | +39.7% |
| Other amounts receivable | 41 | €48,705 | €55,638 | +€6,933 | +14.2% |
| Current investments | 50/53 | €7,025 | €7,025 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €28,469 | €37,955 | +€9,487 | +33.3% |
| Total equity and liabilities | 10/49 | €173,874 | €219,584 | +€45,710 | +26.3% |
| Equity | 10/15 | €99,244 | €121,373 | +€22,129 | +22.3% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €7,661 | €7,661 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Distributable reserves | 133 | €1,461 | €1,461 | = | 0.0% |
| Profit (loss) carried forward | 14 | €29,583 | €51,712 | +€22,129 | +74.8% |
| Amounts payable | 17/49 | €74,630 | €98,211 | +€23,581 | +31.6% |
| Amounts payable within one year | 42/48 | €74,630 | €98,211 | +€23,581 | +31.6% |
| Trade debts | 44 | €34,696 | €40,943 | +€6,247 | +18.0% |
| Suppliers | 440/4 | €34,696 | €40,943 | +€6,247 | +18.0% |
| Taxes, remuneration and social security | 45 | €32,065 | €39,399 | +€7,334 | +22.9% |
| Taxes | 450/3 | €16,613 | €23,947 | +€7,334 | +44.1% |
| Remuneration and social security | 454/9 | €15,453 | €15,453 | = | 0.0% |
| Other amounts payable | 47/48 | €7,868 | €17,868 | +€10,000 | +127.1% |
| Other operating charges | 640/8 | €384 | €816 | +€431 | +112.2% |
| Gross operating margin | 9900 | €5,205 | €30,830 | +€25,625 | +492.3% |
| Operating profit (loss) | 9901 | €4,820 | €30,015 | +€25,194 | +522.6% |
| Financial income | 75/76B | €841 | €1,233 | +€393 | +46.7% |
| Recurring financial income | 75 | €841 | €1,233 | +€393 | +46.7% |
| Financial charges | 65/66B | €509 | €185 | -€324 | -63.6% |
| Recurring financial charges | 65 | €509 | €185 | -€324 | -63.6% |
| Profit (loss) for the period before taxes | 9903 | €5,152 | €31,063 | +€25,911 | +502.9% |
| Income taxes | 67/77 | €1,479 | €8,934 | +€7,454 | +503.9% |
| Profit (loss) for the period | 9904 | €3,673 | €22,129 | +€18,457 | +502.6% |
| Profit (loss) for the period to be appropriated | 9905 | €3,673 | €22,129 | +€18,457 | +502.6% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.