MILEAM: 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.
MILEAM
Largest movements
- Tangible fixed assets -€31,051
down €31,051 (-7.2%), from €428,953 to €397,902
- Receivables within one year +€9,392
up €9,392 (+192%), from €4,897 to €14,290
- Other debts -€42,403
down €42,403 (-46.1%), from €91,954 to €49,552
- Reserves +€42,211
up €42,211 (+40.5%), from €104,268 to €146,479
of which Distributable reserves: +€42,211
- Debts after one year -€31,118
down €31,118 (-21.6%), from €144,378 to €113,260
- Tax, wage and social debts +€13,725
up €13,725 (+64.2%), from €21,389 to €35,115
of which Taxes: +€15,057
- Gross operating margin +€34,633
up €34,633 (+52.1%), from €66,497 to €101,129
- Taxes +€10,905
up €10,905 (+166%), from €6,555 to €17,460
- Financial charges -€2,494
down €2,494 (-24.5%), from €10,185 to €7,691
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.
Derived cash bridge
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 | €436,945 | €415,236 | -€21,708 | -5.0% |
| Fixed assets | 21/28 | €429,043 | €397,992 | -€31,051 | -7.2% |
| Tangible fixed assets | 22/27 | €428,953 | €397,902 | -€31,051 | -7.2% |
| Land and buildings | 22 | €379,465 | €364,359 | -€15,106 | -4.0% |
| Plant, machinery and equipment | 23 | €5,862 | €3,895 | -€1,967 | -33.6% |
| Furniture and vehicles | 24 | €43,626 | €29,648 | -€13,978 | -32.0% |
| Financial fixed assets | 28 | €90 | €90 | = | 0.0% |
| Current assets | 29/58 | €7,902 | €17,245 | +€9,343 | +118% |
| Amounts receivable within one year | 40/41 | €4,897 | €14,290 | +€9,392 | +192% |
| Trade receivables | 40 | €4,897 | €14,290 | +€9,392 | +192% |
| Cash at bank and in hand | 54/58 | €2,659 | €1,862 | -€797 | -30.0% |
| Deferred charges and accrued income | 490/1 | €346 | €1,093 | +€747 | +216% |
| Total equity and liabilities | 10/49 | €436,945 | €415,236 | -€21,708 | -5.0% |
| Equity | 10/15 | €129,268 | €171,479 | +€42,211 | +32.7% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Reserves | 13 | €104,268 | €146,479 | +€42,211 | +40.5% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €104,268 | €146,479 | +€42,211 | +40.5% |
| Amounts payable | 17/49 | €307,676 | €243,757 | -€63,919 | -20.8% |
| Amounts payable after more than one year | 17 | €144,378 | €113,260 | -€31,118 | -21.6% |
| Financial debts | 170/4 | €144,378 | €113,260 | -€31,118 | -21.6% |
| Amounts payable within one year | 42/48 | €161,598 | €129,381 | -€32,217 | -19.9% |
| Current portion of amounts payable after more than one year | 42 | €36,816 | €35,581 | -€1,235 | -3.4% |
| Trade debts | 44 | €11,438 | €9,134 | -€2,304 | -20.1% |
| Suppliers | 440/4 | €11,438 | €9,134 | -€2,304 | -20.1% |
| Taxes, remuneration and social security | 45 | €21,389 | €35,115 | +€13,725 | +64.2% |
| Taxes | 450/3 | €16,035 | €31,093 | +€15,057 | +93.9% |
| Remuneration and social security | 454/9 | €5,354 | €4,022 | -€1,332 | -24.9% |
| Other amounts payable | 47/48 | €91,954 | €49,552 | -€42,403 | -46.1% |
| Accrued charges and deferred income | 492/3 | €1,701 | €1,117 | -€584 | -34.3% |
| Non-recurring operating income | 76A | - | €449 | +€449 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €31,035 | €31,051 | +€16 | +0.1% |
| Other operating charges | 640/8 | €3,491 | €2,717 | -€774 | -22.2% |
| Gross operating margin | 9900 | €66,497 | €101,129 | +€34,633 | +52.1% |
| Operating profit (loss) | 9901 | €31,970 | €67,361 | +€35,391 | +111% |
| Financial income | 75/76B | €0 | - | = | |
| Recurring financial income | 75 | €0 | - | = | |
| Financial charges | 65/66B | €10,185 | €7,691 | -€2,494 | -24.5% |
| Recurring financial charges | 65 | €10,185 | €7,691 | -€2,494 | -24.5% |
| Profit (loss) for the period before taxes | 9903 | €21,785 | €59,671 | +€37,885 | +174% |
| Income taxes | 67/77 | €6,555 | €17,460 | +€10,905 | +166% |
| Profit (loss) for the period | 9904 | €15,230 | €42,211 | +€26,981 | +177% |
| Profit (loss) for the period to be appropriated | 9905 | €15,230 | €42,211 | +€26,981 | +177% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.