MILESTONE CONCEPT: 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.
MILESTONE CONCEPT
Largest movements
- Cash +€27,395
up €27,395 (+44.6%), from €61,465 to €88,861
mainly Net result for the year (+€61,002) and Tax, wage and social debts (+€19,463)
- Tangible fixed assets -€7,508
down €7,508 (-11.5%), from €65,268 to €57,761
of which Plant, machinery and equipment: -€4,783
- Receivables within one year +€4,514
up €4,514 (+15.3%), from €29,555 to €34,070
of which Other amounts receivable: +€13,877
- Financial fixed assets +€4,500
up €4,500 (+75.0%), from €6,000 to €10,500
- Profit (loss) carried forward +€61,002
up €61,002 (+649.8%), from €9,388 to €70,390
- Trade debts -€28,066
down €28,066 (-52.4%), from €53,563 to €25,496
- Other debts -€23,496
down €23,496 (-46.0%), from €51,134 to €27,638
- Tax, wage and social debts +€19,463
up €19,463 (+41.2%), from €47,205 to €66,668
of which Remuneration and social security: +€23,021
- Gross operating margin +€70,414
up €70,414 (+24.3%), from €289,280 to €359,694
- Staff costs +€53,676
up €53,676 (+24.2%), from €221,403 to €275,079
- Financial charges +€4,919
up €4,919 (+2115.1%), from €233 to €5,152
- Depreciation +€3,662
up €3,662 (+24.8%), from €14,756 to €18,418
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.
Cash bridge derived
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 | €162,289 | €191,191 | +€28,902 | +17.8% |
| Fixed assets | 21/28 | €71,268 | €68,261 | -€3,008 | -4.2% |
| Tangible fixed assets | 22/27 | €65,268 | €57,761 | -€7,508 | -11.5% |
| Plant, machinery and equipment | 23 | €44,726 | €39,943 | -€4,783 | -10.7% |
| Furniture and vehicles | 24 | €20,542 | €17,818 | -€2,724 | -13.3% |
| Financial fixed assets | 28 | €6,000 | €10,500 | +€4,500 | +75.0% |
| Current assets | 29/58 | €91,021 | €122,930 | +€31,910 | +35.1% |
| Amounts receivable within one year | 40/41 | €29,555 | €34,070 | +€4,514 | +15.3% |
| Trade receivables | 40 | €29,555 | €20,192 | -€9,363 | -31.7% |
| Other amounts receivable | 41 | - | €13,877 | +€13,877 | |
| Cash at bank and in hand | 54/58 | €61,465 | €88,861 | +€27,395 | +44.6% |
| Total equity and liabilities | 10/49 | €162,289 | €191,191 | +€28,902 | +17.8% |
| Equity | 10/15 | €10,388 | €71,390 | +€61,002 | +587.2% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €9,388 | €70,390 | +€61,002 | +649.8% |
| Amounts payable | 17/49 | €151,901 | €119,801 | -€32,100 | -21.1% |
| Amounts payable within one year | 42/48 | €151,901 | €119,801 | -€32,100 | -21.1% |
| Trade debts | 44 | €53,563 | €25,496 | -€28,066 | -52.4% |
| Suppliers | 440/4 | €53,563 | €25,496 | -€28,066 | -52.4% |
| Taxes, remuneration and social security | 45 | €47,205 | €66,668 | +€19,463 | +41.2% |
| Taxes | 450/3 | €4,619 | €1,061 | -€3,558 | -77.0% |
| Remuneration and social security | 454/9 | €42,586 | €65,607 | +€23,021 | +54.1% |
| Other amounts payable | 47/48 | €51,134 | €27,638 | -€23,496 | -46.0% |
| Remuneration, social security and pensions | 62 | €221,403 | €275,079 | +€53,676 | +24.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,756 | €18,418 | +€3,662 | +24.8% |
| Other operating charges | 640/8 | €1,479 | €179 | -€1,300 | -87.9% |
| Gross operating margin | 9900 | €289,280 | €359,694 | +€70,414 | +24.3% |
| Operating profit (loss) | 9901 | €51,642 | €66,018 | +€14,376 | +27.8% |
| Financial income | 75/76B | €42 | €135 | +€93 | +218.8% |
| Recurring financial income | 75 | €3 | €135 | +€133 | +5252.6% |
| Non-recurring financial income | 76B | €40 | €135 | +€95 | +239.0% |
| Financial charges | 65/66B | €233 | €5,152 | +€4,919 | +2115.1% |
| Recurring financial charges | 65 | €233 | €5,152 | +€4,919 | +2115.1% |
| Profit (loss) for the period before taxes | 9903 | €51,452 | €61,002 | +€9,550 | +18.6% |
| Profit (loss) for the period | 9904 | €51,452 | €61,002 | +€9,550 | +18.6% |
| Profit (loss) for the period to be appropriated | 9905 | €51,452 | €61,002 | +€9,550 | +18.6% |
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 10 October 2026 via checked.be.