MILIAN: 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.
MILIAN
Largest movements
- Cash +€303,176
up €303,176 (+40.2%), from €754,382 to €1.1m
mainly Net result for the year (+€416,162) and Other debts (+€1,200)
- Profit (loss) carried forward +€416,162
up €416,162 (+62.7%), from €664,195 to €1.1m
- Tax, wage and social debts -€105,286
down €105,286 (-80.0%), from €131,587 to €26,301
- Gross operating margin +€93,536
up €93,536 (+20.5%), from €456,260 to €549,796
- Taxes +€23,340
up €23,340 (+21.4%), from €108,935 to €132,274
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 | €799,846 | €1,112,323 | +€312,477 | +39.1% |
| Fixed assets | 21/28 | €1,905 | €1,179 | -€725 | -38.1% |
| Tangible fixed assets | 22/27 | €1,905 | €1,179 | -€725 | -38.1% |
| Furniture and vehicles | 24 | €1,905 | €1,179 | -€725 | -38.1% |
| Current assets | 29/58 | €797,942 | €1,111,143 | +€313,202 | +39.3% |
| Amounts receivable within one year | 40/41 | €43,560 | €53,586 | +€10,026 | +23.0% |
| Trade receivables | 40 | €43,560 | €50,860 | +€7,300 | +16.8% |
| Other amounts receivable | 41 | - | €2,726 | +€2,726 | |
| Cash at bank and in hand | 54/58 | €754,382 | €1,057,557 | +€303,176 | +40.2% |
| Total equity and liabilities | 10/49 | €799,846 | €1,112,323 | +€312,477 | +39.1% |
| Equity | 10/15 | €666,695 | €1,082,858 | +€416,162 | +62.4% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €664,195 | €1,080,358 | +€416,162 | +62.7% |
| Amounts payable | 17/49 | €133,151 | €29,465 | -€103,686 | -77.9% |
| Amounts payable within one year | 42/48 | €133,151 | €29,465 | -€103,686 | -77.9% |
| Trade debts | 44 | €0 | €400 | +€400 | |
| Suppliers | 440/4 | €0 | €400 | +€400 | |
| Taxes, remuneration and social security | 45 | €131,587 | €26,301 | -€105,286 | -80.0% |
| Taxes | 450/3 | €131,587 | €26,301 | -€105,286 | -80.0% |
| Other amounts payable | 47/48 | €1,564 | €2,764 | +€1,200 | +76.7% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €272 | €725 | +€454 | +167.2% |
| Other operating charges | 640/8 | €451 | €465 | +€14 | +3.2% |
| Gross operating margin | 9900 | €456,260 | €549,796 | +€93,536 | +20.5% |
| Operating profit (loss) | 9901 | €455,537 | €548,605 | +€93,068 | +20.4% |
| Financial charges | 65/66B | €128 | €168 | +€40 | +31.7% |
| Recurring financial charges | 65 | €128 | €168 | +€40 | +31.7% |
| Profit (loss) for the period before taxes | 9903 | €455,409 | €548,437 | +€93,028 | +20.4% |
| Income taxes | 67/77 | €108,935 | €132,274 | +€23,340 | +21.4% |
| Profit (loss) for the period | 9904 | €346,475 | €416,162 | +€69,688 | +20.1% |
| Profit (loss) for the period to be appropriated | 9905 | €346,475 | €416,162 | +€69,688 | +20.1% |
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 5 October 2026 via checked.be.