MILI: 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.
MILI
Largest movements
- Tangible fixed assets +€1.3m
up €1.3m (+20.4%), from €6.2m to €7.5m
of which Land and buildings: +€1.3m
- Debts after one year +€1.1m
up €1.1m (+31.4%), from €3.5m to €4.6m
- Current portion of long-term debt +€85,233
up €85,233 (+25.3%), from €337,221 to €422,454
- Depreciation +€36,863
up €36,863 (+20.3%), from €181,730 to €218,593
- Gross operating margin +€32,757
up €32,757 (+6.0%), from €543,700 to €576,458
- Financial charges +€31,309
up €31,309 (+20.9%), from €149,640 to €180,949
- Taxes -€16,467
down €16,467 (-31.9%), from €51,589 to €35,123
- Staff costs +€15,733
up €15,733 (+54.9%), from €28,641 to €44,374
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 | €6,311,188 | €7,553,751 | +€1.2m | +19.7% |
| Fixed assets | 21/28 | €6,215,344 | €7,481,633 | +€1.3m | +20.4% |
| Tangible fixed assets | 22/27 | €6,215,344 | €7,481,633 | +€1.3m | +20.4% |
| Land and buildings | 22 | €6,214,625 | €7,481,332 | +€1.3m | +20.4% |
| Furniture and vehicles | 24 | €719 | €301 | -€418 | -58.1% |
| Current assets | 29/58 | €95,844 | €72,118 | -€23,726 | -24.8% |
| Amounts receivable within one year | 40/41 | €24,299 | €42,308 | +€18,009 | +74.1% |
| Trade receivables | 40 | €24,299 | €42,308 | +€18,009 | +74.1% |
| Other amounts receivable | 41 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €67,665 | €27,902 | -€39,763 | -58.8% |
| Deferred charges and accrued income | 490/1 | €3,880 | €1,908 | -€1,972 | -50.8% |
| Total equity and liabilities | 10/49 | €6,311,188 | €7,553,751 | +€1.2m | +19.7% |
| Equity | 10/15 | €1,147,561 | €1,220,556 | +€72,995 | +6.4% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €1,134,440 | €1,207,435 | +€72,995 | +6.4% |
| Distributable reserves | 133 | €1,134,440 | €1,207,435 | +€72,995 | +6.4% |
| Profit (loss) carried forward | 14 | €721 | €721 | +€0 | 0.0% |
| Amounts payable | 17/49 | €5,163,627 | €6,333,195 | +€1.2m | +22.7% |
| Amounts payable after more than one year | 17 | €3,469,876 | €4,560,519 | +€1.1m | +31.4% |
| Financial debts | 170/4 | €3,469,876 | €4,560,519 | +€1.1m | +31.4% |
| Amounts payable within one year | 42/48 | €1,693,751 | €1,772,676 | +€78,925 | +4.7% |
| Current portion of amounts payable after more than one year | 42 | €337,221 | €422,454 | +€85,233 | +25.3% |
| Trade debts | 44 | €78,556 | €36,003 | -€42,553 | -54.2% |
| Suppliers | 440/4 | €78,556 | €36,003 | -€42,553 | -54.2% |
| Taxes, remuneration and social security | 45 | €55,927 | €40,159 | -€15,768 | -28.2% |
| Taxes | 450/3 | €55,927 | €40,159 | -€15,768 | -28.2% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €1,222,048 | €1,274,061 | +€52,013 | +4.3% |
| Non-recurring operating income | 76A | - | €2,066 | +€2,066 | |
| Remuneration, social security and pensions | 62 | €28,641 | €44,374 | +€15,733 | +54.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €181,730 | €218,593 | +€36,863 | +20.3% |
| Other operating charges | 640/8 | €24,384 | €27,958 | +€3,574 | +14.7% |
| Gross operating margin | 9900 | €543,700 | €576,458 | +€32,757 | +6.0% |
| Operating profit (loss) | 9901 | €308,946 | €285,533 | -€23,413 | -7.6% |
| Financial income | 75/76B | €607 | €3,534 | +€2,926 | +481.9% |
| Recurring financial income | 75 | €607 | €3,534 | +€2,926 | +481.9% |
| Financial charges | 65/66B | €149,640 | €180,949 | +€31,309 | +20.9% |
| Recurring financial charges | 65 | €149,640 | €180,949 | +€31,309 | +20.9% |
| Profit (loss) for the period before taxes | 9903 | €159,914 | €108,118 | -€51,796 | -32.4% |
| Income taxes | 67/77 | €51,589 | €35,123 | -€16,467 | -31.9% |
| Profit (loss) for the period | 9904 | €108,324 | €72,995 | -€35,329 | -32.6% |
| Profit (loss) for the period to be appropriated | 9905 | €108,324 | €72,995 | -€35,329 | -32.6% |
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.