Milian Consulting: what changed
What changed
Milian Consulting
NACE 73.200, Market research and public opinion polling
filed annual accounts (NBB)
Net result for the year
€63,337
2024 · €82,363-€19,026
Equity
€346,635
2024 · €353,298-€6,663
Cash
€28,672
2024 · €30,075-€1,404
Balance sheet total
€438,822
2024 · €463,690-€24,869
Largest movements
Assets
- Current investments -€17,321
down €17,321 (-5.1%), from €336,381 to €319,061
- Tangible fixed assets -€7,215
down €7,215 (-14.3%), from €50,590 to €43,374
of which Furniture and vehicles: -€7,032
Equity and liabilities
- Tax, wage and social debts -€15,044
down €15,044 (-71.3%), from €21,107 to €6,064
- Reserves -€7,000
down €7,000 (-2.1%), from €332,360 to €325,360
of which Distributable reserves: -€7,000
- Other debts +€4,866
up €4,866 (+6.7%), from €72,463 to €77,329
- Debts after one year -€4,833
no longer reported in 2025 (was €4,833)
- Current portion of long-term debt -€4,763
down €4,763 (-49.6%), from €9,597 to €4,833
Income statement
- Financial income -€16,814
down €16,814 (-86.0%), from €19,554 to €2,740
of which Non-recurring financial income: -€14,418
- Taxes -€4,100
down €4,100 (-13.9%), from €29,504 to €25,404
- Gross operating margin -€3,517
down €3,517 (-3.1%), from €111,819 to €108,302
- Depreciation +€2,370
up €2,370 (+14.1%), from €16,846 to €19,215
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€82,363
Gross operating margin
-€3,517
Depreciation
-€2,370
Other operating charges
+€197
Financial income
-€16,814
Financial charges
-€623
Taxes
+€4,100
Result 2025
€63,337
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€72,872
Investment
+€5,321
Financing
-€79,597
Cash 2024
€30,075
From operations (derived)
+€72,872
Net result for the year
+€63,337
Depreciation
+€19,215
Receivables within one year
-€45
Deferred charges and accrued income
-€1,026
Trade debts
+€290
Tax, wage and social debts
-€15,044
Other debts
+€4,866
Accrued charges and deferred income
+€1,278
Investment (derived)
+€5,321
Investment in fixed assets (net)
-€12,000
Current investments
+€17,321
Financing
-€79,597
Debts after one year
-€4,833
Current portion of long-term debt
-€4,763
Contributions, distributions and other
-€70,000
Cash 2025
€28,672
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €463,690 | €438,822 | -€24,869 | -5.4% |
| Fixed assets | 21/28 | €50,615 | €43,399 | -€7,215 | -14.3% |
| Tangible fixed assets | 22/27 | €50,590 | €43,374 | -€7,215 | -14.3% |
| Furniture and vehicles | 24 | €50,135 | €43,103 | -€7,032 | -14.0% |
| Other tangible fixed assets | 26 | €454 | €271 | -€183 | -40.3% |
| Financial fixed assets | 28 | €25 | €25 | = | 0.0% |
| Current assets | 29/58 | €413,076 | €395,422 | -€17,653 | -4.3% |
| Amounts receivable within one year | 40/41 | €43,638 | €43,682 | +€45 | +0.1% |
| Trade receivables | 40 | €43,638 | €43,682 | +€45 | +0.1% |
| Current investments | 50/53 | €336,381 | €319,061 | -€17,321 | -5.1% |
| Cash at bank and in hand | 54/58 | €30,075 | €28,672 | -€1,404 | -4.7% |
| Deferred charges and accrued income | 490/1 | €2,981 | €4,007 | +€1,026 | +34.4% |
| Total equity and liabilities | 10/49 | €463,690 | €438,822 | -€24,869 | -5.4% |
| Equity | 10/15 | €353,298 | €346,635 | -€6,663 | -1.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €332,360 | €325,360 | -€7,000 | -2.1% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €330,500 | €323,500 | -€7,000 | -2.1% |
| Profit (loss) carried forward | 14 | €2,338 | €2,675 | +€337 | +14.4% |
| Amounts payable | 17/49 | €110,393 | €92,187 | -€18,206 | -16.5% |
| Amounts payable after more than one year | 17 | €4,833 | - | -€4,833 | |
| Financial debts | 170/4 | €4,833 | - | -€4,833 | |
| Amounts payable within one year | 42/48 | €104,594 | €89,942 | -€14,652 | -14.0% |
| Current portion of amounts payable after more than one year | 42 | €9,597 | €4,833 | -€4,763 | -49.6% |
| Trade debts | 44 | €1,426 | €1,716 | +€290 | +20.3% |
| Suppliers | 440/4 | €1,426 | €1,716 | +€290 | +20.3% |
| Taxes, remuneration and social security | 45 | €21,107 | €6,064 | -€15,044 | -71.3% |
| Taxes | 450/3 | €21,107 | €6,064 | -€15,044 | -71.3% |
| Other amounts payable | 47/48 | €72,463 | €77,329 | +€4,866 | +6.7% |
| Accrued charges and deferred income | 492/3 | €966 | €2,245 | +€1,278 | +132% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,846 | €19,215 | +€2,370 | +14.1% |
| Other operating charges | 640/8 | €1,506 | €1,309 | -€197 | -13.1% |
| Gross operating margin | 9900 | €111,819 | €108,302 | -€3,517 | -3.1% |
| Operating profit (loss) | 9901 | €93,467 | €87,778 | -€5,690 | -6.1% |
| Financial income | 75/76B | €19,554 | €2,740 | -€16,814 | -86.0% |
| Recurring financial income | 75 | €5,136 | €2,740 | -€2,396 | -46.7% |
| Non-recurring financial income | 76B | €14,418 | - | -€14,418 | |
| Financial charges | 65/66B | €1,153 | €1,776 | +€623 | +54.0% |
| Recurring financial charges | 65 | €1,153 | €1,776 | +€623 | +54.0% |
| Profit (loss) for the period before taxes | 9903 | €111,868 | €88,741 | -€23,126 | -20.7% |
| Income taxes | 67/77 | €29,504 | €25,404 | -€4,100 | -13.9% |
| Profit (loss) for the period | 9904 | €82,363 | €63,337 | -€19,026 | -23.1% |
| Profit (loss) for the period to be appropriated | 9905 | €82,363 | €63,337 | -€19,026 | -23.1% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 6 November 2026 via checked.be.