MILDEVAN: 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.
MILDEVAN
Largest movements
- Current investments +€2.4m
up €2.4m (+195483.8%), from €1,240 to €2.4m
- Receivables within one year +€673,625
up €673,625 (+87.5%), from €769,703 to €1.4m
of which Other amounts receivable: +€573,551
- Tangible fixed assets +€648,393
up €648,393 (+13.9%), from €4.6m to €5.3m
of which Plant, machinery and equipment: +€531,867
- Cash -€530,471
down €530,471 (-81.0%), from €654,746 to €124,275
mainly Current investments (-€2.4m) and Investment in fixed assets (net) (-€1.2m)
- Receivables after one year -€184,100
down €184,100 (-12.5%), from €1.5m to €1.3m
- Reserves +€2.0m
up €2.0m (+36.8%), from €5.4m to €7.4m
- Trade debts +€466,624
up €466,624 (+1886.5%), from €24,735 to €491,359
- Accrued charges and deferred income +€292,099
up €292,099 (+71.8%), from €406,599 to €698,698
- Tax, wage and social debts +€290,263
up €290,263 (+223.1%), from €130,087 to €420,350
- Gross operating margin +€598,064
up €598,064 (+22.3%), from €2.7m to €3.3m
- Taxes +€265,297
up €265,297 (+41.0%), from €647,383 to €912,680
- Financial income +€142,827
up €142,827 (+591.4%), from €24,149 to €166,976
- Depreciation -€107,874
down €107,874 (-17.1%), from €631,447 to €523,573
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 | €9,293,549 | €12,203,070 | +€2.9m | +31.3% |
| Fixed assets | 21/28 | €4,649,600 | €5,297,993 | +€648,393 | +13.9% |
| Tangible fixed assets | 22/27 | €4,649,600 | €5,297,993 | +€648,393 | +13.9% |
| Land and buildings | 22 | €2,660,146 | €2,620,932 | -€39,214 | -1.5% |
| Plant, machinery and equipment | 23 | €1,942,667 | €2,474,534 | +€531,867 | +27.4% |
| Furniture and vehicles | 24 | €46,787 | €202,526 | +€155,739 | +332.9% |
| Current assets | 29/58 | €4,643,949 | €6,905,077 | +€2.3m | +48.7% |
| Amounts receivable after more than one year | 29 | €1,472,800 | €1,288,700 | -€184,100 | -12.5% |
| Other amounts receivable | 291 | €1,472,800 | €1,288,700 | -€184,100 | -12.5% |
| Amounts receivable within one year | 40/41 | €769,703 | €1,443,327 | +€673,625 | +87.5% |
| Trade receivables | 40 | - | €100,074 | +€100,074 | |
| Other amounts receivable | 41 | €769,703 | €1,343,253 | +€573,551 | +74.5% |
| Current investments | 50/53 | €1,240 | €2,425,240 | +€2.4m | +195483.8% |
| Cash at bank and in hand | 54/58 | €654,746 | €124,275 | -€530,471 | -81.0% |
| Deferred charges and accrued income | 490/1 | €1,745,460 | €1,623,535 | -€121,925 | -7.0% |
| Total equity and liabilities | 10/49 | €9,293,549 | €12,203,070 | +€2.9m | +31.3% |
| Equity | 10/15 | €8,221,132 | €10,209,750 | +€2.0m | +24.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €5,404,361 | €7,392,979 | +€2.0m | +36.8% |
| Distributable reserves | 133 | €5,404,361 | €7,392,979 | +€2.0m | +36.8% |
| Profit (loss) carried forward | 14 | €2,798,171 | €2,798,171 | = | 0.0% |
| Amounts payable | 17/49 | €1,072,417 | €1,993,321 | +€920,903 | +85.9% |
| Amounts payable after more than one year | 17 | €340,473 | €300,806 | -€39,667 | -11.7% |
| Financial debts | 170/4 | €340,473 | €300,806 | -€39,667 | -11.7% |
| Amounts payable within one year | 42/48 | €325,345 | €993,817 | +€668,471 | +205.5% |
| Current portion of amounts payable after more than one year | 42 | €53,000 | €39,667 | -€13,334 | -25.2% |
| Trade debts | 44 | €24,735 | €491,359 | +€466,624 | +1886.5% |
| Suppliers | 440/4 | €24,735 | €491,359 | +€466,624 | +1886.5% |
| Taxes, remuneration and social security | 45 | €130,087 | €420,350 | +€290,263 | +223.1% |
| Taxes | 450/3 | €130,087 | €420,350 | +€290,263 | +223.1% |
| Other amounts payable | 47/48 | €117,523 | €42,441 | -€75,081 | -63.9% |
| Accrued charges and deferred income | 492/3 | €406,599 | €698,698 | +€292,099 | +71.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €631,447 | €523,573 | -€107,874 | -17.1% |
| Other operating charges | 640/8 | €23,235 | €12,772 | -€10,463 | -45.0% |
| Gross operating margin | 9900 | €2,683,422 | €3,281,486 | +€598,064 | +22.3% |
| Operating profit (loss) | 9901 | €2,028,740 | €2,745,142 | +€716,401 | +35.3% |
| Financial income | 75/76B | €24,149 | €166,976 | +€142,827 | +591.4% |
| Recurring financial income | 75 | €24,149 | €166,976 | +€142,827 | +591.4% |
| Financial charges | 65/66B | €17,830 | €10,820 | -€7,009 | -39.3% |
| Recurring financial charges | 65 | €17,830 | €10,820 | -€7,009 | -39.3% |
| Profit (loss) for the period before taxes | 9903 | €2,035,060 | €2,901,298 | +€866,238 | +42.6% |
| Income taxes | 67/77 | €647,383 | €912,680 | +€265,297 | +41.0% |
| Profit (loss) for the period | 9904 | €1,387,677 | €1,988,618 | +€600,941 | +43.3% |
| Profit (loss) for the period to be appropriated | 9905 | €1,387,677 | €1,988,618 | +€600,941 | +43.3% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 12 October 2026 via checked.be.