MILEX: what changed
Two fiscal 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.
MILEX
Largest movements
- Receivables within one year +€46,296
up €46,296 (+58.9%), from €78,575 to €124,871
of which Other amounts receivable: +€45,891
- Financial fixed assets -€25,000
down €25,000 (-3.8%), from €657,000 to €632,000
- Tangible fixed assets -€14,562
down €14,562 (-22.2%), from €65,558 to €50,995
of which Furniture and vehicles: -€14,282
- Reserves +€407,366
new in 2025: €407,366
- Profit (loss) carried forward -€335,490
no longer reported in 2025 (was €335,490)
- Debts after one year -€78,012
down €78,012 (-22.7%), from €343,951 to €265,939
- Financial income -€100,000
down €100,000 (-100.0%), from €100,000 to €0
- Gross operating margin -€21,367
down €21,367 (-14.0%), from €152,567 to €131,200
- Depreciation +€11,921
up €11,921 (+451.2%), from €2,642 to €14,562
- Taxes -€7,913
down €7,913 (-23.8%), from €33,247 to €25,334
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 | €902,945 | €910,003 | +€7,058 | +0.8% |
| Fixed assets | 21/28 | €722,558 | €682,995 | -€39,562 | -5.5% |
| Tangible fixed assets | 22/27 | €65,558 | €50,995 | -€14,562 | -22.2% |
| Plant, machinery and equipment | 23 | €1,208 | €928 | -€280 | -23.2% |
| Furniture and vehicles | 24 | €64,349 | €50,067 | -€14,282 | -22.2% |
| Financial fixed assets | 28 | €657,000 | €632,000 | -€25,000 | -3.8% |
| Current assets | 29/58 | €180,388 | €227,008 | +€46,620 | +25.8% |
| Stocks and contracts in progress | 3 | €7,971 | €7,091 | -€880 | -11.0% |
| Stocks | 30/36 | €7,971 | €7,091 | -€880 | -11.0% |
| Amounts receivable within one year | 40/41 | €78,575 | €124,871 | +€46,296 | +58.9% |
| Trade receivables | 40 | €20,831 | €21,237 | +€406 | +1.9% |
| Other amounts receivable | 41 | €57,743 | €103,634 | +€45,891 | +79.5% |
| Cash at bank and in hand | 54/58 | €93,842 | €95,046 | +€1,204 | +1.3% |
| Total equity and liabilities | 10/49 | €902,945 | €910,003 | +€7,058 | +0.8% |
| Equity | 10/15 | €410,490 | €482,366 | +€71,876 | +17.5% |
| Contributions | 10/11 | €75,000 | €75,000 | = | 0.0% |
| Reserves | 13 | - | €407,366 | +€407,366 | |
| Distributable reserves | 133 | - | €407,366 | +€407,366 | |
| Profit (loss) carried forward | 14 | €335,490 | - | -€335,490 | |
| Amounts payable | 17/49 | €492,456 | €427,637 | -€64,819 | -13.2% |
| Amounts payable after more than one year | 17 | €343,951 | €265,939 | -€78,012 | -22.7% |
| Financial debts | 170/4 | €343,951 | €265,939 | -€78,012 | -22.7% |
| Amounts payable within one year | 42/48 | €141,837 | €151,900 | +€10,064 | +7.1% |
| Current portion of amounts payable after more than one year | 42 | €75,048 | €78,012 | +€2,964 | +3.9% |
| Trade debts | 44 | €2,779 | €5,183 | +€2,404 | +86.5% |
| Suppliers | 440/4 | €2,779 | €5,183 | +€2,404 | +86.5% |
| Taxes, remuneration and social security | 45 | €64,010 | €68,705 | +€4,695 | +7.3% |
| Taxes | 450/3 | €61,978 | €68,705 | +€6,727 | +10.9% |
| Remuneration and social security | 454/9 | €2,032 | - | -€2,032 | |
| Accrued charges and deferred income | 492/3 | €6,668 | €9,798 | +€3,130 | +46.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,642 | €14,562 | +€11,921 | +451.2% |
| Other operating charges | 640/8 | €630 | €1,425 | +€795 | +126.3% |
| Non-recurring operating charges | 66A | - | €1,500 | +€1,500 | |
| Gross operating margin | 9900 | €152,567 | €131,200 | -€21,367 | -14.0% |
| Operating profit (loss) | 9901 | €149,295 | €113,712 | -€35,583 | -23.8% |
| Financial income | 75/76B | €100,000 | €0 | -€100,000 | -100.0% |
| Recurring financial income | 75 | €100,000 | €0 | -€100,000 | -100.0% |
| Financial charges | 65/66B | €17,107 | €16,501 | -€605 | -3.5% |
| Recurring financial charges | 65 | €17,107 | €16,501 | -€605 | -3.5% |
| Profit (loss) for the period before taxes | 9903 | €232,189 | €97,211 | -€134,978 | -58.1% |
| Income taxes | 67/77 | €33,247 | €25,334 | -€7,913 | -23.8% |
| Profit (loss) for the period | 9904 | €198,941 | €71,876 | -€127,065 | -63.9% |
| Profit (loss) for the period to be appropriated | 9905 | €198,941 | €71,876 | -€127,065 | -63.9% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.