MILELEC: 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.
MILELEC
Largest movements
- Stocks and contracts -€12,520
down €12,520 (-15.0%), from €83,410 to €70,890
- Cash -€9,457
down €9,457 (-97.6%), from €9,690 to €233
mainly Other debts (-€17,671) and Net result for the year (-€3,050)
- Other debts -€17,671
down €17,671 (-17.5%), from €100,817 to €83,146
- Profit (loss) carried forward -€3,050
down €3,050 (-52.0%), from -€5,870 to -€8,920
- Tax, wage and social debts -€1,778
down €1,778 (-71.8%), from €2,477 to €699
- Purchases and services -€15,530
down €15,530 (-54.7%), from €28,386 to €12,856
- Turnover -€8,457
down €8,457 (-44.1%), from €19,162 to €10,705
- Gross operating margin +€7,074
up €7,074 (+76.7%), from -€9,224 to -€2,150
- Other operating charges -€1,323
down €1,323 (-88.4%), from €1,496 to €173
- Staff costs -€1,210
no longer reported in 2025 (was €1,210)
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 | €117,843 | €95,478 | -€22,365 | -19.0% |
| Fixed assets | 21/28 | €4,682 | €4,187 | -€495 | -10.6% |
| Tangible fixed assets | 22/27 | €604 | €109 | -€495 | -82.0% |
| Plant, machinery and equipment | 23 | €604 | €109 | -€495 | -82.0% |
| Furniture and vehicles | 24 | €0 | €0 | = | |
| Financial fixed assets | 28 | €4,078 | €4,078 | = | 0.0% |
| Current assets | 29/58 | €113,161 | €91,291 | -€21,870 | -19.3% |
| Stocks and contracts in progress | 3 | €83,410 | €70,890 | -€12,520 | -15.0% |
| Stocks | 30/36 | €83,410 | €70,890 | -€12,520 | -15.0% |
| Amounts receivable within one year | 40/41 | €19,975 | €20,168 | +€193 | +1.0% |
| Trade receivables | 40 | €19,975 | €20,168 | +€193 | +1.0% |
| Other amounts receivable | 41 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €9,690 | €233 | -€9,457 | -97.6% |
| Deferred charges and accrued income | 490/1 | €86 | - | -€86 | |
| Total equity and liabilities | 10/49 | €117,843 | €95,478 | -€22,365 | -19.0% |
| Equity | 10/15 | €14,549 | €11,499 | -€3,050 | -21.0% |
| Contributions | 10/11 | €18,560 | €18,560 | = | 0.0% |
| Capital | 10 | €18,560 | €18,560 | = | 0.0% |
| Issued capital | 100 | €18,560 | €18,560 | = | 0.0% |
| Reserves | 13 | €1,859 | €1,859 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Legal reserve | 130 | €1,859 | €1,859 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€5,870 | -€8,920 | -€3,050 | -52.0% |
| Amounts payable | 17/49 | €103,294 | €83,979 | -€19,315 | -18.7% |
| Amounts payable within one year | 42/48 | €103,294 | €83,979 | -€19,315 | -18.7% |
| Trade debts | 44 | - | €134 | +€134 | |
| Suppliers | 440/4 | - | €134 | +€134 | |
| Taxes, remuneration and social security | 45 | €2,477 | €699 | -€1,778 | -71.8% |
| Remuneration and social security | 454/9 | €2,477 | €699 | -€1,778 | -71.8% |
| Other amounts payable | 47/48 | €100,817 | €83,146 | -€17,671 | -17.5% |
| Turnover | 70 | €19,162 | €10,705 | -€8,457 | -44.1% |
| Goods, raw materials, services and sundry goods | 60/61 | €28,386 | €12,856 | -€15,530 | -54.7% |
| Remuneration, social security and pensions | 62 | €1,210 | - | -€1,210 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €681 | €496 | -€185 | -27.2% |
| Other operating charges | 640/8 | €1,496 | €173 | -€1,323 | -88.4% |
| Non-recurring operating charges | 66A | €123,054 | - | -€123,054 | |
| Gross operating margin | 9900 | -€9,224 | -€2,150 | +€7,074 | +76.7% |
| Operating profit (loss) | 9901 | -€135,665 | -€2,819 | +€132,846 | +97.9% |
| Financial charges | 65/66B | €393 | €231 | -€162 | -41.2% |
| Recurring financial charges | 65 | €393 | €231 | -€162 | -41.2% |
| Profit (loss) for the period before taxes | 9903 | -€136,058 | -€3,050 | +€133,008 | +97.8% |
| Profit (loss) for the period | 9904 | -€136,058 | -€3,050 | +€133,008 | +97.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€136,058 | -€3,050 | +€133,008 | +97.8% |
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 29 October 2026 via checked.be.