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MILDIJ: 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.

What changed

MILDIJ

BE 0451.348.027
NACE 70.100, Activities of head offices
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
-€15,098
2024 · -€10,982-€4,116
Equity
€391,976
2024 · €407,074-€15,098
Cash
€14,084
2024 · €27,298-€13,214
Balance sheet total
€1.3m
2024 · €1.4m-€111,850

Largest movements

2024 to 2025
Assets
  • Tangible fixed assets -€94,681

    down €94,681 (-6.7%), from €1.4m to €1.3m

    of which Land and buildings: -€93,366

Equity and liabilities
  • Debts after one year -€98,725

    down €98,725 (-11.9%), from €826,564 to €727,839

  • Profit (loss) carried forward -€15,098

    down €15,098 (-12.4%), from €121,466 to €106,369

Income statement
  • Financial charges -€5,614

    down €5,614 (-16.7%), from €33,544 to €27,929

  • Gross operating margin -€4,720

    down €4,720 (-3.8%), from €124,367 to €119,647

  • Depreciation -€2,348

    down €2,348 (-2.3%), from €102,592 to €100,244

  • Financial income -€1,538

    down €1,538 (-100.0%), from €1,538 to €0

From the 2024 result to the 2025 result

effect on the 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.

Result 2024 -€10,982
Gross operating margin -€4,720
Staff costs -€165
Depreciation +€2,348
Other operating charges -€415
Other operating items -€5,191
Financial income -€1,538
Financial charges +€5,614
Taxes -€51
Result 2025 -€15,098

Cash bridge derived

cash 2024 to 2025

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.

From operations +€89,962
Investment -€5,563
Financing -€97,613
Cash 2024 €27,298
Net result for the year -€15,098
Depreciation +€100,244
Receivables within one year -€1,237
Deferred charges and accrued income +€5,191
Trade debts -€11,309
Other debts +€12,170
Investment in fixed assets (net) -€5,563
Debts after one year -€98,725
Current portion of long-term debt +€1,112
Cash 2025 €14,084
Every line side by side 43 lines
Line Code 2024 2025 Change %
Total assets 20/58 €1,448,961 €1,337,111 -€111,850 -7.7%
Fixed assets 21/28 €1,413,325 €1,318,644 -€94,681 -6.7%
Tangible fixed assets 22/27 €1,413,325 €1,318,644 -€94,681 -6.7%
Land and buildings 22 €1,405,655 €1,312,289 -€93,366 -6.6%
Plant, machinery and equipment 23 €7,670 €6,355 -€1,315 -17.1%
Current assets 29/58 €35,636 €18,468 -€17,168 -48.2%
Amounts receivable within one year 40/41 €3,147 €4,384 +€1,237 +39.3%
Other amounts receivable 41 €3,147 €4,384 +€1,237 +39.3%
Cash at bank and in hand 54/58 €27,298 €14,084 -€13,214 -48.4%
Deferred charges and accrued income 490/1 €5,191 €0 -€5,191 -100.0%
Total equity and liabilities 10/49 €1,448,961 €1,337,111 -€111,850 -7.7%
Equity 10/15 €407,074 €391,976 -€15,098 -3.7%
Contributions 10/11 €101,516 €101,516 = 0.0%
Capital 10 €101,516 €101,516 = 0.0%
Issued capital 100 €101,516 €101,516 = 0.0%
Reserves 13 €184,092 €184,092 = 0.0%
Non-distributable reserves 130/1 €10,152 €10,152 = 0.0%
Legal reserve 130 €10,152 €10,152 = 0.0%
Tax-exempt reserves 132 €63,150 €63,150 = 0.0%
Distributable reserves 133 €110,790 €110,790 = 0.0%
Profit (loss) carried forward 14 €121,466 €106,369 -€15,098 -12.4%
Amounts payable 17/49 €1,041,887 €945,135 -€96,752 -9.3%
Amounts payable after more than one year 17 €826,564 €727,839 -€98,725 -11.9%
Financial debts 170/4 €826,564 €727,839 -€98,725 -11.9%
Amounts payable within one year 42/48 €215,323 €217,296 +€1,973 +0.9%
Current portion of amounts payable after more than one year 42 €97,613 €98,725 +€1,112 +1.1%
Trade debts 44 €22,986 €11,678 -€11,309 -49.2%
Suppliers 440/4 €22,986 €11,678 -€11,309 -49.2%
Other amounts payable 47/48 €94,723 €106,893 +€12,170 +12.8%
Remuneration, social security and pensions 62 €155 €320 +€165 +106.1%
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets 630 €102,592 €100,244 -€2,348 -2.3%
Other operating charges 640/8 €646 €1,060 +€415 +64.2%
Non-recurring operating charges 66A - €5,191 +€5,191
Gross operating margin 9900 €124,367 €119,647 -€4,720 -3.8%
Operating profit (loss) 9901 €20,973 €12,832 -€8,142 -38.8%
Financial income 75/76B €1,538 €0 -€1,538 -100.0%
Recurring financial income 75 €1,538 €0 -€1,538 -100.0%
Financial charges 65/66B €33,544 €27,929 -€5,614 -16.7%
Recurring financial charges 65 €33,544 €27,929 -€5,614 -16.7%
Profit (loss) for the period before taxes 9903 -€11,033 -€15,098 -€4,065 -36.8%
Income taxes 67/77 -€51 €0 +€51
Profit (loss) for the period 9904 -€10,982 -€15,098 -€4,116 -37.5%
Profit (loss) for the period to be appropriated 9905 -€10,982 -€15,098 -€4,116 -37.5%

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 29 September 2026 via checked.be.