Milicom: 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.
Milicom
Largest movements
- Receivables within one year -€3,797
down €3,797 (-19.6%), from €19,385 to €15,588
- Cash -€1,657
down €1,657 (-20.7%), from €8,021 to €6,363
mainly Net result for the year (-€28,949) and Tax, wage and social debts (-€3,551)
- Other debts +€29,771
up €29,771 (+200.7%), from €14,831 to €44,601
- Profit (loss) carried forward -€27,942
down €27,942, from €0 to -€27,942
- Tax, wage and social debts -€3,551
down €3,551 (-62.3%), from €5,698 to €2,147
- Trade debts -€2,725
down €2,725 (-80.9%), from €3,369 to €645
- Reserves -€1,007
down €1,007 (-100.0%), from €1,007 to €0
- Gross operating margin -€30,184
down €30,184, from €4,353 to -€25,831
- Financial charges +€2,341
up €2,341 (+15609.3%), from €15 to €2,356
- Other operating charges +€520
new in 2025: €520
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 | €27,406 | €21,951 | -€5,454 | -19.9% |
| Current assets | 29/58 | €27,406 | €21,951 | -€5,454 | -19.9% |
| Amounts receivable within one year | 40/41 | €19,385 | €15,588 | -€3,797 | -19.6% |
| Trade receivables | 40 | €19,385 | €15,588 | -€3,797 | -19.6% |
| Cash at bank and in hand | 54/58 | €8,021 | €6,363 | -€1,657 | -20.7% |
| Total equity and liabilities | 10/49 | €27,406 | €21,951 | -€5,454 | -19.9% |
| Equity | 10/15 | €3,507 | -€25,442 | -€28,949 | |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €1,007 | €0 | -€1,007 | -100.0% |
| Distributable reserves | 133 | €1,007 | €0 | -€1,007 | -100.0% |
| Profit (loss) carried forward | 14 | €0 | -€27,942 | -€27,942 | |
| Amounts payable | 17/49 | €23,898 | €47,393 | +€23,495 | +98.3% |
| Amounts payable within one year | 42/48 | €23,898 | €47,393 | +€23,495 | +98.3% |
| Trade debts | 44 | €3,369 | €645 | -€2,725 | -80.9% |
| Suppliers | 440/4 | €3,369 | €645 | -€2,725 | -80.9% |
| Taxes, remuneration and social security | 45 | €5,698 | €2,147 | -€3,551 | -62.3% |
| Taxes | 450/3 | €5,698 | €2,147 | -€3,551 | -62.3% |
| Other amounts payable | 47/48 | €14,831 | €44,601 | +€29,771 | +200.7% |
| Other operating charges | 640/8 | - | €520 | +€520 | |
| Gross operating margin | 9900 | €4,353 | -€25,831 | -€30,184 | |
| Operating profit (loss) | 9901 | €4,353 | -€26,351 | -€30,703 | |
| Financial charges | 65/66B | €15 | €2,356 | +€2,341 | +15609.3% |
| Recurring financial charges | 65 | €15 | €2,356 | +€2,341 | +15609.3% |
| Profit (loss) for the period before taxes | 9903 | €4,338 | -€28,707 | -€33,045 | |
| Income taxes | 67/77 | €330 | €242 | -€88 | -26.7% |
| Profit (loss) for the period | 9904 | €4,007 | -€28,949 | -€32,957 | |
| Profit (loss) for the period to be appropriated | 9905 | €4,007 | -€28,949 | -€32,957 |
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 9 October 2026 via checked.be.