Milestone Consulting: 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 Consulting
Largest movements
- Receivables within one year -€48,380
down €48,380 (-70.3%), from €68,807 to €20,426
of which Trade receivables: -€39,061
- Cash +€25,146
up €25,146 (+34.5%), from €72,876 to €98,022
mainly Receivables within one year (+€48,380) and Net result for the year (+€33,460)
- Current investments +€14,818
up €14,818 (+26.0%), from €57,065 to €71,883
- Deferred charges and accrued income -€7,204
down €7,204 (-32.6%), from €22,114 to €14,911
- Tangible fixed assets -€3,378
down €3,378 (-32.4%), from €10,422 to €7,044
of which Furniture and vehicles: -€1,956
- Tax, wage and social debts -€22,065
down €22,065 (-81.0%), from €27,241 to €5,176
- Other debts -€13,501
down €13,501 (-34.6%), from €39,075 to €25,573
- Reserves +€11,556
up €11,556 (+7.3%), from €158,006 to €169,563
- Gross operating margin +€16,664
up €16,664 (+43.0%), from €38,711 to €55,375
- Taxes +€4,693
up €4,693 (+49.0%), from €9,588 to €14,281
- Financial income -€804
down €804 (-50.5%), from €1,591 to €787
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 | €234,274 | €212,286 | -€21,988 | -9.4% |
| Fixed assets | 21/28 | €10,674 | €7,044 | -€3,630 | -34.0% |
| Intangible fixed assets | 21 | €252 | €0 | -€252 | -100% |
| Tangible fixed assets | 22/27 | €10,422 | €7,044 | -€3,378 | -32.4% |
| Land and buildings | 22 | €1,500 | €1,000 | -€500 | -33.3% |
| Plant, machinery and equipment | 23 | €1,326 | €403 | -€923 | -69.6% |
| Furniture and vehicles | 24 | €7,597 | €5,641 | -€1,956 | -25.7% |
| Current assets | 29/58 | €223,600 | €205,242 | -€18,358 | -8.2% |
| Amounts receivable after more than one year | 29 | €2,738 | - | -€2,738 | |
| Other amounts receivable | 291 | €2,738 | - | -€2,738 | |
| Amounts receivable within one year | 40/41 | €68,807 | €20,426 | -€48,380 | -70.3% |
| Trade receivables | 40 | €59,487 | €20,426 | -€39,061 | -65.7% |
| Other amounts receivable | 41 | €9,320 | - | -€9,320 | |
| Current investments | 50/53 | €57,065 | €71,883 | +€14,818 | +26.0% |
| Cash at bank and in hand | 54/58 | €72,876 | €98,022 | +€25,146 | +34.5% |
| Deferred charges and accrued income | 490/1 | €22,114 | €14,911 | -€7,204 | -32.6% |
| Total equity and liabilities | 10/49 | €234,274 | €212,286 | -€21,988 | -9.4% |
| Equity | 10/15 | €164,206 | €175,763 | +€11,556 | +7.0% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €158,006 | €169,563 | +€11,556 | +7.3% |
| Distributable reserves | 133 | €158,006 | €169,563 | +€11,556 | +7.3% |
| Amounts payable | 17/49 | €70,068 | €36,523 | -€33,544 | -47.9% |
| Amounts payable within one year | 42/48 | €70,068 | €36,523 | -€33,544 | -47.9% |
| Trade debts | 44 | €3,752 | €5,774 | +€2,022 | +53.9% |
| Suppliers | 440/4 | €3,752 | €5,774 | +€2,022 | +53.9% |
| Taxes, remuneration and social security | 45 | €27,241 | €5,176 | -€22,065 | -81.0% |
| Taxes | 450/3 | €27,241 | €5,176 | -€22,065 | -81.0% |
| Other amounts payable | 47/48 | €39,075 | €25,573 | -€13,501 | -34.6% |
| Remuneration, social security and pensions | 62 | €1,930 | €1,968 | +€38 | +2.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,664 | €3,630 | -€34 | -0.9% |
| Other operating charges | 640/8 | €505 | €520 | +€14 | +2.8% |
| Gross operating margin | 9900 | €38,711 | €55,375 | +€16,664 | +43.0% |
| Operating profit (loss) | 9901 | €32,611 | €49,257 | +€16,646 | +51.0% |
| Financial income | 75/76B | €1,591 | €787 | -€804 | -50.5% |
| Recurring financial income | 75 | €1,591 | €787 | -€804 | -50.5% |
| Financial charges | 65/66B | €2,746 | €2,302 | -€444 | -16.2% |
| Recurring financial charges | 65 | €2,746 | €2,302 | -€444 | -16.2% |
| Profit (loss) for the period before taxes | 9903 | €31,456 | €47,742 | +€16,286 | +51.8% |
| Income taxes | 67/77 | €9,588 | €14,281 | +€4,693 | +49.0% |
| Profit (loss) for the period | 9904 | €21,868 | €33,460 | +€11,592 | +53.0% |
| Profit (loss) for the period to be appropriated | 9905 | €21,868 | €33,460 | +€11,592 | +53.0% |
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 19 October 2026 via checked.be.