Mileco: 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.
Mileco
Largest movements
- Deferred charges and accrued income +€159,893
up €159,893 (+12,934%), from €1,236 to €161,129
- Receivables within one year -€47,923
down €47,923 (-56.4%), from €85,016 to €37,093
of which Trade receivables: -€55,518
- Tangible fixed assets +€10,344
up €10,344 (+1.4%), from €751,897 to €762,241
of which Land and buildings: +€13,619
- Reserves +€84,716
up €84,716 (+32.8%), from €258,207 to €342,924
- Debts after one year -€43,089
down €43,089 (-11.5%), from €374,453 to €331,363
- Other debts +€42,191
up €42,191 (+25.2%), from €167,494 to €209,684
- Tax, wage and social debts +€19,265
up €19,265 (+145%), from €13,243 to €32,508
of which Taxes: +€19,240
- Gross operating margin +€127,444
up €127,444 (+61.8%), from €206,375 to €333,819
- Taxes +€27,826
up €27,826 (+70.3%), from €39,573 to €67,399
- Financial charges +€8,735
up €8,735 (+125%), from €6,992 to €15,727
- Depreciation +€6,135
up €6,135 (+21.0%), from €29,236 to €35,371
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 | €877,926 | €997,077 | +€119,151 | +13.6% |
| Fixed assets | 21/28 | €751,897 | €762,241 | +€10,344 | +1.4% |
| Tangible fixed assets | 22/27 | €751,897 | €762,241 | +€10,344 | +1.4% |
| Land and buildings | 22 | €738,400 | €752,019 | +€13,619 | +1.8% |
| Plant, machinery and equipment | 23 | €253 | €0 | -€253 | -100% |
| Furniture and vehicles | 24 | €13,244 | €10,222 | -€3,022 | -22.8% |
| Current assets | 29/58 | €126,028 | €234,835 | +€108,807 | +86.3% |
| Amounts receivable within one year | 40/41 | €85,016 | €37,093 | -€47,923 | -56.4% |
| Trade receivables | 40 | €79,567 | €24,049 | -€55,518 | -69.8% |
| Other amounts receivable | 41 | €5,449 | €13,044 | +€7,595 | +139% |
| Cash at bank and in hand | 54/58 | €39,776 | €36,613 | -€3,163 | -8.0% |
| Deferred charges and accrued income | 490/1 | €1,236 | €161,129 | +€159,893 | +12,934% |
| Total equity and liabilities | 10/49 | €877,926 | €997,077 | +€119,151 | +13.6% |
| Equity | 10/15 | €276,807 | €361,524 | +€84,716 | +30.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €258,207 | €342,924 | +€84,716 | +32.8% |
| Distributable reserves | 133 | €258,207 | €342,924 | +€84,716 | +32.8% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €601,118 | €635,553 | +€34,435 | +5.7% |
| Amounts payable after more than one year | 17 | €374,453 | €331,363 | -€43,089 | -11.5% |
| Financial debts | 170/4 | €374,453 | €331,363 | -€43,089 | -11.5% |
| Amounts payable within one year | 42/48 | €225,298 | €293,632 | +€68,335 | +30.3% |
| Current portion of amounts payable after more than one year | 42 | €42,504 | €43,107 | +€603 | +1.4% |
| Trade debts | 44 | €2,057 | €8,333 | +€6,276 | +305% |
| Suppliers | 440/4 | €2,057 | €8,333 | +€6,276 | +305% |
| Taxes, remuneration and social security | 45 | €13,243 | €32,508 | +€19,265 | +145% |
| Taxes | 450/3 | €10,853 | €30,093 | +€19,240 | +177% |
| Remuneration and social security | 454/9 | €2,390 | €2,415 | +€25 | +1.0% |
| Other amounts payable | 47/48 | €167,494 | €209,684 | +€42,191 | +25.2% |
| Accrued charges and deferred income | 492/3 | €1,368 | €10,557 | +€9,189 | +672% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €29,236 | €35,371 | +€6,135 | +21.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €0 | - | = | |
| Other operating charges | 640/8 | €4,061 | €4,068 | +€6 | +0.1% |
| Gross operating margin | 9900 | €206,375 | €333,819 | +€127,444 | +61.8% |
| Operating profit (loss) | 9901 | €173,078 | €294,380 | +€121,302 | +70.1% |
| Financial income | 75/76B | €28 | €2 | -€26 | -92.8% |
| Recurring financial income | 75 | €28 | €2 | -€26 | -92.8% |
| Financial charges | 65/66B | €6,992 | €15,727 | +€8,735 | +125% |
| Recurring financial charges | 65 | €6,992 | €15,727 | +€8,735 | +125% |
| Profit (loss) for the period before taxes | 9903 | €166,113 | €278,655 | +€112,542 | +67.8% |
| Income taxes | 67/77 | €39,573 | €67,399 | +€27,826 | +70.3% |
| Profit (loss) for the period | 9904 | €126,540 | €211,256 | +€84,716 | +66.9% |
| Profit (loss) for the period to be appropriated | 9905 | €126,540 | €211,256 | +€84,716 | +66.9% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.