MILFLORES: 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.
MILFLORES
Largest movements
- Financial fixed assets -€789,008
down €789,008 (-100%), from €789,008 to €0
- Tangible fixed assets -€16,091
down €16,091 (-3.9%), from €415,837 to €399,746
- Other debts -€779,395
down €779,395 (-51.4%), from €1.5m to €736,898
- Profit (loss) carried forward -€26,387
down €26,387 (-7.1%), from -€372,408 to -€398,795
- Gross operating margin -€9,894
down €9,894, from €1,848 to -€8,046
- Depreciation -€834
down €834 (-4.9%), from €16,925 to €16,091
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 | €1,206,021 | €400,158 | -€805,864 | -66.8% |
| Fixed assets | 21/28 | €1,204,845 | €399,746 | -€805,099 | -66.8% |
| Tangible fixed assets | 22/27 | €415,837 | €399,746 | -€16,091 | -3.9% |
| Land and buildings | 22 | €415,837 | €399,746 | -€16,091 | -3.9% |
| Financial fixed assets | 28 | €789,008 | €0 | -€789,008 | -100% |
| Current assets | 29/58 | €1,176 | €411 | -€765 | -65.0% |
| Cash at bank and in hand | 54/58 | €1,176 | €411 | -€765 | -65.0% |
| Total equity and liabilities | 10/49 | €1,206,021 | €400,158 | -€805,864 | -66.8% |
| Equity | 10/15 | -€310,408 | -€336,795 | -€26,387 | -8.5% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€372,408 | -€398,795 | -€26,387 | -7.1% |
| Amounts payable | 17/49 | €1,516,429 | €736,953 | -€779,476 | -51.4% |
| Amounts payable within one year | 42/48 | €1,516,429 | €736,953 | -€779,476 | -51.4% |
| Trade debts | 44 | €136 | €55 | -€81 | -59.7% |
| Suppliers | 440/4 | €136 | €55 | -€81 | -59.7% |
| Other amounts payable | 47/48 | €1,516,293 | €736,898 | -€779,395 | -51.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,925 | €16,091 | -€834 | -4.9% |
| Other operating charges | 640/8 | €1,873 | €1,932 | +€59 | +3.1% |
| Gross operating margin | 9900 | €1,848 | -€8,046 | -€9,894 | |
| Operating profit (loss) | 9901 | -€16,951 | -€26,069 | -€9,119 | -53.8% |
| Financial charges | 65/66B | €274 | €318 | +€44 | +16.0% |
| Recurring financial charges | 65 | €274 | €318 | +€44 | +16.0% |
| Profit (loss) for the period before taxes | 9903 | -€17,225 | -€26,387 | -€9,163 | -53.2% |
| Profit (loss) for the period | 9904 | -€17,225 | -€26,387 | -€9,163 | -53.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€17,225 | -€26,387 | -€9,163 | -53.2% |
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 30 October 2026 via checked.be.