MILDRO: 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.
MILDRO
Largest movements
- Financial fixed assets +€875,000
new in 2024: €875,000
- Cash -€859,109
down €859,109 (-95.3%), from €901,931 to €42,822
mainly Investment in fixed assets (net) (-€885,458) and Receivables within one year (-€122,879)
- Receivables within one year +€122,879
up €122,879 (+273.1%), from €45,000 to €167,879
of which Trade receivables: +€121,219
- Advances received +€105,000
new in 2024: €105,000
- Debts after one year -€56,499
down €56,499 (-7.1%), from €799,835 to €743,337
- Reserves +€47,267
up €47,267 (+17.4%), from €270,895 to €318,163
of which Distributable reserves: +€48,166
- Tax, wage and social debts +€23,371
up €23,371 (+5158.9%), from €453 to €23,824
of which Taxes: +€23,371
- Other debts +€18,532
up €18,532 (+18.3%), from €101,543 to €120,075
- Gross operating margin +€65,540
up €65,540 (+107.5%), from €60,979 to €126,518
- Other operating charges -€26,425
down €26,425 (-67.3%), from €39,272 to €12,847
- Taxes +€21,906
up €21,906 (+5058.7%), from €433 to €22,340
- Financial charges +€17,250
up €17,250 (+89.4%), from €19,288 to €36,538
- Depreciation +€4,086
up €4,086 (+109.3%), from €3,740 to €7,826
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 | €1,309,420 | €1,450,822 | +€141,402 | +10.8% |
| Fixed assets | 21/28 | €357,387 | €1,235,019 | +€877,632 | +245.6% |
| Tangible fixed assets | 22/27 | €357,387 | €360,019 | +€2,632 | +0.7% |
| Land and buildings | 22 | €357,387 | €360,019 | +€2,632 | +0.7% |
| Financial fixed assets | 28 | - | €875,000 | +€875,000 | |
| Current assets | 29/58 | €952,032 | €215,802 | -€736,230 | -77.3% |
| Amounts receivable after more than one year | 29 | €2,601 | €2,601 | = | 0.0% |
| Other amounts receivable | 291 | €2,601 | €2,601 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €45,000 | €167,879 | +€122,879 | +273.1% |
| Trade receivables | 40 | €45,000 | €166,219 | +€121,219 | +269.4% |
| Other amounts receivable | 41 | €0 | €1,660 | +€1,660 | |
| Current investments | 50/53 | €2,500 | €2,500 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €901,931 | €42,822 | -€859,109 | -95.3% |
| Total equity and liabilities | 10/49 | €1,309,420 | €1,450,822 | +€141,402 | +10.8% |
| Equity | 10/15 | €341,169 | €388,437 | +€47,267 | +13.9% |
| Contributions | 10/11 | €61,500 | €61,500 | = | 0.0% |
| Capital | 10 | €61,500 | €61,500 | = | 0.0% |
| Issued capital | 100 | €61,500 | €61,500 | = | 0.0% |
| Reserves | 13 | €270,895 | €318,163 | +€47,267 | +17.4% |
| Non-distributable reserves | 130/1 | €6,150 | €6,150 | = | 0.0% |
| Legal reserve | 130 | €6,150 | €6,150 | = | 0.0% |
| Tax-exempt reserves | 132 | €28,746 | €27,847 | -€898 | -3.1% |
| Distributable reserves | 133 | €236,000 | €284,165 | +€48,166 | +20.4% |
| Profit (loss) carried forward | 14 | €8,774 | €8,774 | = | 0.0% |
| Provisions and deferred taxes | 16 | €9,582 | €9,282 | -€299 | -3.1% |
| Deferred taxes | 168 | €9,582 | €9,282 | -€299 | -3.1% |
| Amounts payable | 17/49 | €958,669 | €1,053,103 | +€94,434 | +9.9% |
| Amounts payable after more than one year | 17 | €799,835 | €743,337 | -€56,499 | -7.1% |
| Financial debts | 170/4 | €799,835 | €743,337 | -€56,499 | -7.1% |
| Amounts payable within one year | 42/48 | €158,834 | €309,766 | +€150,932 | +95.0% |
| Current portion of amounts payable after more than one year | 42 | €54,214 | €56,499 | +€2,285 | +4.2% |
| Trade debts | 44 | €2,624 | €4,369 | +€1,745 | +66.5% |
| Suppliers | 440/4 | €2,624 | €4,369 | +€1,745 | +66.5% |
| Advances received on contracts in progress | 46 | - | €105,000 | +€105,000 | |
| Taxes, remuneration and social security | 45 | €453 | €23,824 | +€23,371 | +5158.9% |
| Taxes | 450/3 | €453 | €23,824 | +€23,371 | +5158.9% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €101,543 | €120,075 | +€18,532 | +18.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,740 | €7,826 | +€4,086 | +109.3% |
| Other operating charges | 640/8 | €39,272 | €12,847 | -€26,425 | -67.3% |
| Gross operating margin | 9900 | €60,979 | €126,518 | +€65,540 | +107.5% |
| Operating profit (loss) | 9901 | €17,967 | €105,845 | +€87,879 | +489.1% |
| Financial income | 75/76B | €920 | €0 | -€920 | -100.0% |
| Recurring financial income | 75 | €920 | €0 | -€920 | -100.0% |
| Financial charges | 65/66B | €19,288 | €36,538 | +€17,250 | +89.4% |
| Recurring financial charges | 65 | €19,288 | €36,538 | +€17,250 | +89.4% |
| Profit (loss) for the period before taxes | 9903 | -€401 | €69,307 | +€69,708 | |
| Transfer from deferred taxes | 780 | €299 | €299 | = | 0.0% |
| Transfer to deferred taxes | 680 | €0 | - | = | |
| Income taxes | 67/77 | €433 | €22,340 | +€21,906 | +5058.7% |
| Profit (loss) for the period | 9904 | -€534 | €47,267 | +€47,802 | |
| Transfer from tax-exempt reserves | 789 | €898 | €898 | = | 0.0% |
| Transfer to tax-exempt reserves | 689 | €0 | - | = | |
| Profit (loss) for the period to be appropriated | 9905 | €364 | €48,166 | +€47,802 | +13133.8% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 12 October 2026 via checked.be.