MILDECO: 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.
MILDECO
Largest movements
- Tangible fixed assets +€64,443
up €64,443 (+4358.6%), from €1,479 to €65,922
- Stocks and contracts -€22,137
down €22,137 (-12.5%), from €177,033 to €154,897
- Cash -€10,758
down €10,758 (-16.2%), from €66,518 to €55,760
mainly Investment in fixed assets (net) (-€73,537) and Trade debts (-€7,524)
- Other debts +€37,148
up €37,148 (+12.9%), from €288,537 to €325,684
- Tax, wage and social debts +€8,801
up €8,801 (+23.8%), from €36,956 to €45,757
of which Remuneration and social security: +€8,156
- Trade debts -€7,524
down €7,524 (-48.7%), from €15,443 to €7,918
- Profit (loss) carried forward -€6,876
down €6,876 (-6.1%), from -€111,810 to -€118,686
- Turnover +€131,522
new in 2025: €131,522
- Purchases and services +€105,697
new in 2025: €105,697
- Other operating charges -€59,942
down €59,942 (-87.1%), from €68,822 to €8,880
- Gross operating margin -€32,216
down €32,216 (-52.8%), from €60,968 to €28,752
- Staff costs +€17,094
new in 2025: €17,094
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 | €247,726 | €279,274 | +€31,548 | +12.7% |
| Fixed assets | 21/28 | €2,004 | €66,447 | +€64,443 | +3216.5% |
| Tangible fixed assets | 22/27 | €1,479 | €65,922 | +€64,443 | +4358.6% |
| Furniture and vehicles | 24 | €1,479 | €65,922 | +€64,443 | +4358.6% |
| Financial fixed assets | 28 | €525 | €525 | = | 0.0% |
| Current assets | 29/58 | €245,722 | €212,827 | -€32,895 | -13.4% |
| Stocks and contracts in progress | 3 | €177,033 | €154,897 | -€22,137 | -12.5% |
| Stocks | 30/36 | €177,033 | €154,897 | -€22,137 | -12.5% |
| Amounts receivable within one year | 40/41 | €2,171 | €2,171 | = | 0.0% |
| Trade receivables | 40 | €2,171 | €2,171 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €66,518 | €55,760 | -€10,758 | -16.2% |
| Total equity and liabilities | 10/49 | €247,726 | €279,274 | +€31,548 | +12.7% |
| Equity | 10/15 | -€93,210 | -€100,086 | -€6,876 | -7.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Capital | 10 | €18,600 | - | -€18,600 | |
| Issued capital | 100 | €18,600 | - | -€18,600 | |
| Profit (loss) carried forward | 14 | -€111,810 | -€118,686 | -€6,876 | -6.1% |
| Amounts payable | 17/49 | €340,935 | €379,359 | +€38,424 | +11.3% |
| Amounts payable within one year | 42/48 | €340,935 | €379,359 | +€38,424 | +11.3% |
| Trade debts | 44 | €15,443 | €7,918 | -€7,524 | -48.7% |
| Suppliers | 440/4 | €15,443 | €7,918 | -€7,524 | -48.7% |
| Taxes, remuneration and social security | 45 | €36,956 | €45,757 | +€8,801 | +23.8% |
| Taxes | 450/3 | €4,475 | €5,121 | +€646 | +14.4% |
| Remuneration and social security | 454/9 | €32,481 | €40,636 | +€8,156 | +25.1% |
| Other amounts payable | 47/48 | €288,537 | €325,684 | +€37,148 | +12.9% |
| Turnover | 70 | - | €131,522 | +€131,522 | |
| Non-recurring operating income | 76A | - | €2,928 | +€2,928 | |
| Goods, raw materials, services and sundry goods | 60/61 | - | €105,697 | +€105,697 | |
| Remuneration, social security and pensions | 62 | - | €17,094 | +€17,094 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,479 | €9,094 | +€7,616 | +515.1% |
| Other operating charges | 640/8 | €68,822 | €8,880 | -€59,942 | -87.1% |
| Gross operating margin | 9900 | €60,968 | €28,752 | -€32,216 | -52.8% |
| Operating profit (loss) | 9901 | -€9,332 | -€6,316 | +€3,016 | +32.3% |
| Financial charges | 65/66B | - | €560 | +€560 | |
| Recurring financial charges | 65 | - | €560 | +€560 | |
| Profit (loss) for the period before taxes | 9903 | -€9,332 | -€6,876 | +€2,456 | +26.3% |
| Profit (loss) for the period | 9904 | -€9,332 | -€6,876 | +€2,456 | +26.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€9,332 | -€6,876 | +€2,456 | +26.3% |
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 7 October 2026 via checked.be.