MILIAS: 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.
MILIAS
Largest movements
- Financial fixed assets +€108,847
up €108,847 (+181%), from €60,000 to €168,847
- Cash -€78,652
down €78,652 (-82.8%), from €94,938 to €16,286
mainly Investment in fixed assets (net) (-€108,847) and Net result for the year (-€18,537)
- Tangible fixed assets -€38,294
down €38,294 (-7.1%), from €535,788 to €497,494
of which Furniture and vehicles: -€24,583
- Reserves -€18,728
down €18,728 (-15.7%), from €119,068 to €100,341
of which Tax-exempt reserves: -€18,728
- Tax, wage and social debts +€8,621
up €8,621 (+431%), from €2,000 to €10,621
- Current portion of long-term debt +€7,400
up €7,400 (+19.8%), from €37,288 to €44,688
- Gross operating margin -€119,066
down €119,066 (-77.2%), from €154,249 to €35,183
- Depreciation +€23,753
up €23,753 (+163%), from €14,541 to €38,294
- Other operating charges +€2,182
up €2,182 (+262%), from €832 to €3,013
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 | €703,649 | €691,914 | -€11,735 | -1.7% |
| Fixed assets | 21/28 | €595,788 | €666,342 | +€70,554 | +11.8% |
| Tangible fixed assets | 22/27 | €535,788 | €497,494 | -€38,294 | -7.1% |
| Land and buildings | 22 | €412,095 | €400,011 | -€12,084 | -2.9% |
| Plant, machinery and equipment | 23 | €1,626 | - | -€1,626 | |
| Furniture and vehicles | 24 | €122,067 | €97,483 | -€24,583 | -20.1% |
| Financial fixed assets | 28 | €60,000 | €168,847 | +€108,847 | +181% |
| Current assets | 29/58 | €107,861 | €25,572 | -€82,289 | -76.3% |
| Amounts receivable within one year | 40/41 | €11,314 | €5,825 | -€5,489 | -48.5% |
| Trade receivables | 40 | €227 | - | -€227 | |
| Other amounts receivable | 41 | €11,087 | €5,825 | -€5,262 | -47.5% |
| Cash at bank and in hand | 54/58 | €94,938 | €16,286 | -€78,652 | -82.8% |
| Deferred charges and accrued income | 490/1 | €1,609 | €3,461 | +€1,852 | +115% |
| Total equity and liabilities | 10/49 | €703,649 | €691,914 | -€11,735 | -1.7% |
| Equity | 10/15 | €116,404 | €97,867 | -€18,537 | -15.9% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €119,068 | €100,341 | -€18,728 | -15.7% |
| Tax-exempt reserves | 132 | €92,600 | €73,872 | -€18,728 | -20.2% |
| Distributable reserves | 133 | €26,469 | €26,469 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€3,665 | -€3,474 | +€191 | +5.2% |
| Provisions and deferred taxes | 16 | €30,867 | €24,624 | -€6,243 | -20.2% |
| Deferred taxes | 168 | €30,867 | €24,624 | -€6,243 | -20.2% |
| Amounts payable | 17/49 | €556,379 | €569,423 | +€13,045 | +2.3% |
| Amounts payable after more than one year | 17 | €510,346 | €511,159 | +€813 | +0.2% |
| Financial debts | 170/4 | €510,346 | €511,159 | +€813 | +0.2% |
| Amounts payable within one year | 42/48 | €46,032 | €58,264 | +€12,232 | +26.6% |
| Current portion of amounts payable after more than one year | 42 | €37,288 | €44,688 | +€7,400 | +19.8% |
| Financial debts | 43 | €3,125 | - | -€3,125 | |
| Credit institutions | 430/8 | €3,125 | - | -€3,125 | |
| Trade debts | 44 | €3,291 | €2,100 | -€1,191 | -36.2% |
| Suppliers | 440/4 | €3,291 | €2,100 | -€1,191 | -36.2% |
| Taxes, remuneration and social security | 45 | €2,000 | €10,621 | +€8,621 | +431% |
| Taxes | 450/3 | €2,000 | €10,621 | +€8,621 | +431% |
| Other amounts payable | 47/48 | €329 | €855 | +€527 | +160% |
| Non-recurring operating income | 76A | €123,466 | - | -€123,466 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,541 | €38,294 | +€23,753 | +163% |
| Other operating charges | 640/8 | €832 | €3,013 | +€2,182 | +262% |
| Gross operating margin | 9900 | €154,249 | €35,183 | -€119,066 | -77.2% |
| Operating profit (loss) | 9901 | €138,877 | -€6,124 | -€145,001 | |
| Financial income | 75/76B | €0 | €100 | +€100 | +998,200% |
| Recurring financial income | 75 | €0 | €100 | +€100 | +998,200% |
| Financial charges | 65/66B | €19,951 | €18,756 | -€1,196 | -6.0% |
| Recurring financial charges | 65 | €19,951 | €18,756 | -€1,196 | -6.0% |
| Profit (loss) for the period before taxes | 9903 | €118,926 | -€24,780 | -€143,705 | |
| Transfer from deferred taxes | 780 | - | €6,243 | +€6,243 | |
| Transfer to deferred taxes | 680 | €30,867 | - | -€30,867 | |
| Income taxes | 67/77 | €0 | - | = | |
| Profit (loss) for the period | 9904 | €88,059 | -€18,537 | -€106,596 | |
| Transfer from tax-exempt reserves | 789 | - | €18,728 | +€18,728 | |
| Transfer to tax-exempt reserves | 689 | €92,600 | - | -€92,600 | |
| Profit (loss) for the period to be appropriated | 9905 | -€4,541 | €191 | +€4,732 |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 25 October 2026 via checked.be.