Milence Belgium: 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.
Milence Belgium
Largest movements
- Cash -€3.2m
down €3.2m (-96.9%), from €3.3m to €103,142
mainly Debts after one year (-€1.7m) and Receivables within one year (-€1.3m)
- Receivables within one year +€1.3m
up €1.3m (+345%), from €381,751 to €1.7m
of which Trade receivables: +€1.5m
- Deferred charges and accrued income -€47,153
down €47,153 (-87.3%), from €54,034 to €6,881
- Debts after one year -€1.7m
down €1.7m (-100%), from €1.7m to €0
- Trade debts -€377,951
down €377,951 (-20.8%), from €1.8m to €1.4m
- Accrued charges and deferred income +€109,150
up €109,150 (+92.7%), from €117,755 to €226,904
- Staff costs +€195,022
up €195,022 (+47.1%), from €413,825 to €608,847
- Gross operating margin +€159,271
up €159,271 (+34.1%), from €466,711 to €625,981
- Financial charges -€26,977
down €26,977 (-84.0%), from €32,105 to €5,127
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 | €3,736,208 | €1,811,217 | -€1.9m | -51.5% |
| Fixed assets | 21/28 | €2,560 | €1,500 | -€1,060 | -41.4% |
| Tangible fixed assets | 22/27 | €1,060 | €0 | -€1,060 | -100% |
| Furniture and vehicles | 24 | €1,060 | €0 | -€1,060 | -100% |
| Financial fixed assets | 28 | €1,500 | €1,500 | = | 0.0% |
| Current assets | 29/58 | €3,733,648 | €1,809,717 | -€1.9m | -51.5% |
| Amounts receivable within one year | 40/41 | €381,751 | €1,699,693 | +€1.3m | +345% |
| Trade receivables | 40 | €85,630 | €1,537,785 | +€1.5m | +1,696% |
| Other amounts receivable | 41 | €296,121 | €161,909 | -€134,212 | -45.3% |
| Cash at bank and in hand | 54/58 | €3,297,863 | €103,142 | -€3.2m | -96.9% |
| Deferred charges and accrued income | 490/1 | €54,034 | €6,881 | -€47,153 | -87.3% |
| Total equity and liabilities | 10/49 | €3,736,208 | €1,811,217 | -€1.9m | -51.5% |
| Equity | 10/15 | €12,632 | €22,615 | +€9,983 | +79.0% |
| Contributions | 10/11 | €100 | €100 | = | 0.0% |
| Profit (loss) carried forward | 14 | €12,532 | €22,515 | +€9,983 | +79.7% |
| Amounts payable | 17/49 | €3,723,576 | €1,788,602 | -€1.9m | -52.0% |
| Amounts payable after more than one year | 17 | €1,700,000 | €0 | -€1.7m | -100% |
| Financial debts | 170/4 | €1,700,000 | €0 | -€1.7m | -100% |
| Amounts payable within one year | 42/48 | €1,905,821 | €1,561,698 | -€344,123 | -18.1% |
| Trade debts | 44 | €1,817,911 | €1,439,960 | -€377,951 | -20.8% |
| Suppliers | 440/4 | €1,817,911 | €1,439,960 | -€377,951 | -20.8% |
| Taxes, remuneration and social security | 45 | €87,910 | €121,738 | +€33,828 | +38.5% |
| Taxes | 450/3 | €8,180 | €6,654 | -€1,526 | -18.7% |
| Remuneration and social security | 454/9 | €79,730 | €115,084 | +€35,354 | +44.3% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Accrued charges and deferred income | 492/3 | €117,755 | €226,904 | +€109,150 | +92.7% |
| Non-recurring operating income | 76A | €7,233 | €0 | -€7,233 | -100% |
| Remuneration, social security and pensions | 62 | €413,825 | €608,847 | +€195,022 | +47.1% |
| Other operating charges | 640/8 | €69 | €40 | -€29 | -42.3% |
| Gross operating margin | 9900 | €466,711 | €625,981 | +€159,271 | +34.1% |
| Operating profit (loss) | 9901 | €52,816 | €17,094 | -€35,722 | -67.6% |
| Financial charges | 65/66B | €32,105 | €5,127 | -€26,977 | -84.0% |
| Recurring financial charges | 65 | €32,105 | €5,127 | -€26,977 | -84.0% |
| Profit (loss) for the period before taxes | 9903 | €20,712 | €11,967 | -€8,745 | -42.2% |
| Income taxes | 67/77 | €8,180 | €1,984 | -€6,195 | -75.7% |
| Profit (loss) for the period | 9904 | €12,532 | €9,983 | -€2,549 | -20.3% |
| Profit (loss) for the period to be appropriated | 9905 | €12,532 | €9,983 | -€2,549 | -20.3% |
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 31 October 2026 via checked.be.