MILIEUWERKEN: 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.
MILIEUWERKEN
Largest movements
- Receivables within one year -€4,548
down €4,548 (-45.4%), from €10,027 to €5,479
of which Trade receivables: -€4,464
- Tangible fixed assets -€2,469
down €2,469 (-18.2%), from €13,596 to €11,127
of which Furniture and vehicles: -€1,580
- Cash -€439
down €439 (-44.1%), from €994 to €555
mainly Trade debts (-€5,961) and Tax, wage and social debts (-€2,809)
- Trade debts -€5,961
down €5,961 (-79.8%), from €7,466 to €1,506
- Tax, wage and social debts -€2,809
down €2,809 (-54.8%), from €5,122 to €2,313
of which Taxes: -€2,809
- Other debts +€1,452
up €1,452, from €0 to €1,452
- Reserves -€555
down €555 (-4.7%), from €11,825 to €11,269
- Gross operating margin -€13,459
down €13,459 (-81.8%), from €16,456 to €2,997
- Taxes -€2,587
down €2,587 (-81.9%), from €3,160 to €573
- Depreciation +€1,361
up €1,361 (+103%), from €1,317 to €2,677
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 | €27,413 | €19,539 | -€7,873 | -28.7% |
| Formation expenses | 20 | €677 | €469 | -€208 | -30.8% |
| Fixed assets | 21/28 | €13,596 | €11,127 | -€2,469 | -18.2% |
| Tangible fixed assets | 22/27 | €13,596 | €11,127 | -€2,469 | -18.2% |
| Plant, machinery and equipment | 23 | €6,424 | €5,536 | -€888 | -13.8% |
| Furniture and vehicles | 24 | €7,172 | €5,592 | -€1,580 | -22.0% |
| Current assets | 29/58 | €13,139 | €7,943 | -€5,196 | -39.5% |
| Amounts receivable within one year | 40/41 | €10,027 | €5,479 | -€4,548 | -45.4% |
| Trade receivables | 40 | €9,943 | €5,479 | -€4,464 | -44.9% |
| Other amounts receivable | 41 | €84 | €0 | -€84 | -100% |
| Current investments | 50/53 | €100 | €100 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €994 | €555 | -€439 | -44.1% |
| Deferred charges and accrued income | 490/1 | €2,018 | €1,809 | -€209 | -10.4% |
| Total equity and liabilities | 10/49 | €27,413 | €19,539 | -€7,873 | -28.7% |
| Equity | 10/15 | €14,825 | €14,269 | -€555 | -3.7% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €11,825 | €11,269 | -€555 | -4.7% |
| Distributable reserves | 133 | €11,825 | €11,269 | -€555 | -4.7% |
| Amounts payable | 17/49 | €12,588 | €5,270 | -€7,318 | -58.1% |
| Amounts payable within one year | 42/48 | €12,588 | €5,270 | -€7,318 | -58.1% |
| Trade debts | 44 | €7,466 | €1,506 | -€5,961 | -79.8% |
| Suppliers | 440/4 | €7,466 | €1,506 | -€5,961 | -79.8% |
| Taxes, remuneration and social security | 45 | €5,122 | €2,313 | -€2,809 | -54.8% |
| Taxes | 450/3 | €5,122 | €2,313 | -€2,809 | -54.8% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €0 | €1,452 | +€1,452 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,317 | €2,677 | +€1,361 | +103% |
| Other operating charges | 640/8 | €302 | €255 | -€47 | -15.5% |
| Gross operating margin | 9900 | €16,456 | €2,997 | -€13,459 | -81.8% |
| Operating profit (loss) | 9901 | €14,838 | €65 | -€14,772 | -99.6% |
| Financial income | 75/76B | €1 | €13 | +€12 | +1,919% |
| Recurring financial income | 75 | €1 | €13 | +€12 | +1,919% |
| Financial charges | 65/66B | €60 | €60 | = | 0.0% |
| Recurring financial charges | 65 | €60 | €60 | = | 0.0% |
| Profit (loss) for the period before taxes | 9903 | €14,778 | €18 | -€14,760 | -99.9% |
| Income taxes | 67/77 | €3,160 | €573 | -€2,587 | -81.9% |
| Profit (loss) for the period | 9904 | €11,618 | -€555 | -€12,173 | |
| Profit (loss) for the period to be appropriated | 9905 | €11,618 | -€555 | -€12,173 |
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 19 October 2026 via checked.be.