MilDor: 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.
MilDor
Largest movements
- Receivables within one year -€27,153
down €27,153 (-36.9%), from €73,574 to €46,421
of which Other amounts receivable: -€27,709
- Cash +€12,946
up €12,946 (+78.9%), from €16,399 to €29,345
mainly Net result for the year (+€42,077) and Receivables within one year (+€27,153)
- Tangible fixed assets -€10,270
down €10,270 (-31.8%), from €32,244 to €21,975
- Other debts -€19,384
down €19,384 (-31.5%), from €61,462 to €42,077
- Debts after one year -€9,482
down €9,482 (-45.1%), from €21,009 to €11,527
- Tax, wage and social debts +€4,265
up €4,265 (+85.1%), from €5,011 to €9,276
- Gross operating margin +€17,436
up €17,436 (+37.1%), from €46,978 to €64,414
- Taxes +€3,267
up €3,267 (+40.4%), from €8,086 to €11,353
- Financial income -€2,129
down €2,129 (-66.6%), from €3,198 to €1,069
- Financial charges -€714
down €714 (-38.8%), from €1,840 to €1,126
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 | €122,218 | €97,741 | -€24,477 | -20.0% |
| Fixed assets | 21/28 | €32,244 | €21,975 | -€10,270 | -31.8% |
| Tangible fixed assets | 22/27 | €32,244 | €21,975 | -€10,270 | -31.8% |
| Furniture and vehicles | 24 | €32,244 | €21,975 | -€10,270 | -31.8% |
| Current assets | 29/58 | €89,973 | €75,766 | -€14,207 | -15.8% |
| Amounts receivable within one year | 40/41 | €73,574 | €46,421 | -€27,153 | -36.9% |
| Trade receivables | 40 | €9,934 | €10,490 | +€556 | +5.6% |
| Other amounts receivable | 41 | €63,640 | €35,932 | -€27,709 | -43.5% |
| Cash at bank and in hand | 54/58 | €16,399 | €29,345 | +€12,946 | +78.9% |
| Total equity and liabilities | 10/49 | €122,218 | €97,741 | -€24,477 | -20.0% |
| Equity | 10/15 | €25,127 | €25,127 | = | 0.0% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €22,627 | €22,627 | = | 0.0% |
| Distributable reserves | 133 | €22,627 | €22,627 | = | 0.0% |
| Amounts payable | 17/49 | €97,091 | €72,614 | -€24,477 | -25.2% |
| Amounts payable after more than one year | 17 | €21,009 | €11,527 | -€9,482 | -45.1% |
| Financial debts | 170/4 | €21,009 | €11,527 | -€9,482 | -45.1% |
| Amounts payable within one year | 42/48 | €76,082 | €61,087 | -€14,995 | -19.7% |
| Current portion of amounts payable after more than one year | 42 | €9,129 | €9,482 | +€353 | +3.9% |
| Trade debts | 44 | €480 | €252 | -€229 | -47.6% |
| Suppliers | 440/4 | €480 | €252 | -€229 | -47.6% |
| Taxes, remuneration and social security | 45 | €5,011 | €9,276 | +€4,265 | +85.1% |
| Taxes | 450/3 | €5,011 | €9,276 | +€4,265 | +85.1% |
| Other amounts payable | 47/48 | €61,462 | €42,077 | -€19,384 | -31.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,270 | €10,270 | = | 0.0% |
| Other operating charges | 640/8 | €714 | €657 | -€57 | -8.0% |
| Gross operating margin | 9900 | €46,978 | €64,414 | +€17,436 | +37.1% |
| Operating profit (loss) | 9901 | €35,994 | €53,487 | +€17,494 | +48.6% |
| Financial income | 75/76B | €3,198 | €1,069 | -€2,129 | -66.6% |
| Recurring financial income | 75 | €3,198 | €1,069 | -€2,129 | -66.6% |
| Financial charges | 65/66B | €1,840 | €1,126 | -€714 | -38.8% |
| Recurring financial charges | 65 | €1,840 | €1,126 | -€714 | -38.8% |
| Profit (loss) for the period before taxes | 9903 | €37,351 | €53,430 | +€16,078 | +43.0% |
| Income taxes | 67/77 | €8,086 | €11,353 | +€3,267 | +40.4% |
| Profit (loss) for the period | 9904 | €29,265 | €42,077 | +€12,812 | +43.8% |
| Profit (loss) for the period to be appropriated | 9905 | €29,265 | €42,077 | +€12,812 | +43.8% |
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.