MileStone Projects: 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 Projects
Largest movements
- Stocks and contracts -€504,677
down €504,677 (-13.7%), from €3.7m to €3.2m
- Receivables within one year -€112,711
down €112,711 (-98.8%), from €114,124 to €1,413
of which Trade receivables: -€103,300
- Cash -€82,397
down €82,397 (-65.6%), from €125,611 to €43,214
mainly Debts after one year (-€691,318) and Net result for the year (-€221,527)
- Debts after one year -€691,318
down €691,318 (-18.6%), from €3.7m to €3.0m
- Profit (loss) carried forward -€324,048
down €324,048, from €0 to -€324,048
- Other debts +€274,443
up €274,443 (+19772.6%), from €1,388 to €275,831
- Short-term financial debts +€93,940
up €93,940 (+88.6%), from €106,060 to €200,000
- Trade debts -€65,742
down €65,742 (-84.6%), from €77,729 to €11,988
- Gross operating margin -€213,704
down €213,704, from €190,629 to -€23,075
- Financial charges +€116,410
up €116,410 (+169.7%), from €68,598 to €185,008
- Financial income -€2,984
down €2,984 (-100.0%), from €2,984 to €1
of which Non-recurring financial income: -€1,798
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €3,935,895 | €3,228,889 | -€707,006 | -18.0% |
| Fixed assets | 21/28 | €17,632 | €14,595 | -€3,037 | -17.2% |
| Tangible fixed assets | 22/27 | €17,582 | €14,545 | -€3,037 | -17.3% |
| Plant, machinery and equipment | 23 | €985 | €223 | -€762 | -77.4% |
| Furniture and vehicles | 24 | €8,824 | €7,611 | -€1,213 | -13.7% |
| Other tangible fixed assets | 26 | €7,773 | €6,711 | -€1,062 | -13.7% |
| Financial fixed assets | 28 | €50 | €50 | = | 0.0% |
| Current assets | 29/58 | €3,918,263 | €3,214,294 | -€703,968 | -18.0% |
| Stocks and contracts in progress | 3 | €3,674,343 | €3,169,667 | -€504,677 | -13.7% |
| Stocks | 30/36 | €3,674,343 | €3,169,667 | -€504,677 | -13.7% |
| Amounts receivable within one year | 40/41 | €114,124 | €1,413 | -€112,711 | -98.8% |
| Trade receivables | 40 | €103,300 | €0 | -€103,300 | -100.0% |
| Other amounts receivable | 41 | €10,824 | €1,413 | -€9,411 | -86.9% |
| Cash at bank and in hand | 54/58 | €125,611 | €43,214 | -€82,397 | -65.6% |
| Deferred charges and accrued income | 490/1 | €4,184 | €0 | -€4,184 | -100.0% |
| Total equity and liabilities | 10/49 | €3,935,895 | €3,228,889 | -€707,006 | -18.0% |
| Equity | 10/15 | €30,186 | -€294,048 | -€324,234 | |
| Contributions | 10/11 | €30,000 | €30,000 | = | 0.0% |
| Reserves | 13 | €186 | €0 | -€186 | -100.0% |
| Distributable reserves | 133 | €186 | €0 | -€186 | -100.0% |
| Profit (loss) carried forward | 14 | €0 | -€324,048 | -€324,048 | |
| Amounts payable | 17/49 | €3,905,710 | €3,522,938 | -€382,772 | -9.8% |
| Amounts payable after more than one year | 17 | €3,720,284 | €3,028,966 | -€691,318 | -18.6% |
| Financial debts | 170/4 | €3,720,284 | €3,028,966 | -€691,318 | -18.6% |
| Amounts payable within one year | 42/48 | €185,426 | €493,972 | +€308,546 | +166.4% |
| Current portion of amounts payable after more than one year | 42 | - | €6,153 | +€6,153 | |
| Financial debts | 43 | €106,060 | €200,000 | +€93,940 | +88.6% |
| Credit institutions | 430/8 | €106,060 | €200,000 | +€93,940 | +88.6% |
| Trade debts | 44 | €77,729 | €11,988 | -€65,742 | -84.6% |
| Suppliers | 440/4 | €77,729 | €11,988 | -€65,742 | -84.6% |
| Taxes, remuneration and social security | 45 | €249 | €0 | -€249 | -100.0% |
| Taxes | 450/3 | €249 | €0 | -€249 | -100.0% |
| Other amounts payable | 47/48 | €1,388 | €275,831 | +€274,443 | +19772.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,384 | €3,037 | -€1,346 | -30.7% |
| Other operating charges | 640/8 | €9,072 | €10,407 | +€1,336 | +14.7% |
| Gross operating margin | 9900 | €190,629 | -€23,075 | -€213,704 | |
| Operating profit (loss) | 9901 | €177,174 | -€36,520 | -€213,693 | |
| Financial income | 75/76B | €2,984 | €1 | -€2,984 | -100.0% |
| Recurring financial income | 75 | €1,186 | €1 | -€1,185 | -99.9% |
| Non-recurring financial income | 76B | €1,798 | €0 | -€1,798 | -100.0% |
| Financial charges | 65/66B | €68,598 | €185,008 | +€116,410 | +169.7% |
| Recurring financial charges | 65 | €68,598 | €185,008 | +€116,410 | +169.7% |
| Profit (loss) for the period before taxes | 9903 | €111,560 | -€221,527 | -€333,087 | |
| Income taxes | 67/77 | €249 | €0 | -€249 | -100.0% |
| Profit (loss) for the period | 9904 | €111,311 | -€221,527 | -€332,839 | |
| Profit (loss) for the period to be appropriated | 9905 | €111,311 | -€221,527 | -€332,839 |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 12 October 2026 via checked.be.