MILIMMO: 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.
What changed
MILIMMO
NACE 55.100, Hotels and similar accommodation
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
-€65,736
2024 · -€147,199+€81,463
Equity
€2.3m
2024 · €2.3m-€65,736
Cash
€351,621
2024 · €102,956+€248,665
Balance sheet total
€2.9m
2024 · €3.1m-€225,458
Largest movements
Assets
- Receivables after one year -€300,000
down €300,000 (-100%), from €300,000 to €0
- Cash +€248,665
up €248,665 (+242%), from €102,956 to €351,621
mainly Receivables after one year (+€300,000) and Depreciation (+€175,858)
- Tangible fixed assets -€145,726
down €145,726 (-5.6%), from €2.6m to €2.5m
of which Land and buildings: -€127,183
Equity and liabilities
- Debts after one year -€90,610
down €90,610 (-79.8%), from €113,576 to €22,966
- Current portion of long-term debt -€82,925
down €82,925 (-96.4%), from €86,064 to €3,139
- Profit (loss) carried forward -€50,001
new in 2025: -€50,001
Income statement
- Gross operating margin +€92,927
up €92,927 (+37.5%), from €248,030 to €340,956
- Staff costs -€14,059
down €14,059 (-7.8%), from €179,547 to €165,488
- Financial income -€8,055
down €8,055 (-59.6%), from €13,510 to €5,455
- Depreciation +€8,007
up €8,007 (+4.8%), from €167,851 to €175,858
- Write-downs +€7,578
new in 2025: €7,578
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.
Result 2024
-€147,199
Gross operating margin
+€92,927
Staff costs
+€14,059
Depreciation
-€8,007
Write-downs
-€7,578
Other operating charges
+€1,444
Financial income
-€8,055
Financial charges
-€3,136
Taxes
-€191
Result 2025
-€65,736
raises the resultlowers the result
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.
From operations
+€452,332
Investment
-€30,131
Financing
-€173,535
Cash 2024
€102,956
From operations (derived)
+€452,332
Net result for the year
-€65,736
Depreciation
+€175,858
Receivables after one year
+€300,000
Stocks and contracts
-€354
Receivables within one year
+€20,774
Deferred charges and accrued income
+€7,978
Trade debts
+€9,053
Tax, wage and social debts
-€14,035
Other debts
+€17,887
Accrued charges and deferred income
+€909
Investment (derived)
-€30,131
Investment in fixed assets (net)
-€30,131
Financing
-€173,535
Debts after one year
-€90,610
Current portion of long-term debt
-€82,925
Cash 2025
€351,621
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €3,106,847 | €2,881,389 | -€225,458 | -7.3% |
| Fixed assets | 21/28 | €2,617,992 | €2,472,266 | -€145,726 | -5.6% |
| Tangible fixed assets | 22/27 | €2,617,992 | €2,472,266 | -€145,726 | -5.6% |
| Land and buildings | 22 | €2,454,536 | €2,327,352 | -€127,183 | -5.2% |
| Plant, machinery and equipment | 23 | €14,083 | €11,439 | -€2,644 | -18.8% |
| Furniture and vehicles | 24 | €149,373 | €133,474 | -€15,899 | -10.6% |
| Current assets | 29/58 | €488,855 | €409,123 | -€79,732 | -16.3% |
| Amounts receivable after more than one year | 29 | €300,000 | €0 | -€300,000 | -100% |
| Other amounts receivable | 291 | €300,000 | €0 | -€300,000 | -100% |
| Stocks and contracts in progress | 3 | €4,409 | €4,764 | +€354 | +8.0% |
| Stocks | 30/36 | €4,409 | €4,764 | +€354 | +8.0% |
| Amounts receivable within one year | 40/41 | €66,666 | €45,892 | -€20,774 | -31.2% |
| Trade receivables | 40 | €61,268 | €42,234 | -€19,034 | -31.1% |
| Other amounts receivable | 41 | €5,397 | €3,658 | -€1,739 | -32.2% |
| Cash at bank and in hand | 54/58 | €102,956 | €351,621 | +€248,665 | +242% |
| Deferred charges and accrued income | 490/1 | €14,824 | €6,847 | -€7,978 | -53.8% |
| Total equity and liabilities | 10/49 | €3,106,847 | €2,881,389 | -€225,458 | -7.3% |
| Equity | 10/15 | €2,347,440 | €2,281,704 | -€65,736 | -2.8% |
| Contributions | 10/11 | €1,928,000 | €1,928,000 | = | 0.0% |
| Capital | 10 | €1,928,000 | €1,928,000 | = | 0.0% |
| Issued capital | 100 | €1,928,000 | €1,928,000 | = | 0.0% |
| Reserves | 13 | €419,440 | €403,704 | -€15,736 | -3.8% |
| Non-distributable reserves | 130/1 | €19,049 | €19,049 | = | 0.0% |
| Legal reserve | 130 | €19,049 | €19,049 | = | 0.0% |
| Distributable reserves | 133 | €400,391 | €384,656 | -€15,736 | -3.9% |
| Profit (loss) carried forward | 14 | - | -€50,001 | -€50,001 | |
| Amounts payable | 17/49 | €759,408 | €599,686 | -€159,722 | -21.0% |
| Amounts payable after more than one year | 17 | €113,576 | €22,966 | -€90,610 | -79.8% |
| Financial debts | 170/4 | €113,576 | €22,966 | -€90,610 | -79.8% |
| Amounts payable within one year | 42/48 | €621,200 | €551,179 | -€70,020 | -11.3% |
| Current portion of amounts payable after more than one year | 42 | €86,064 | €3,139 | -€82,925 | -96.4% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €44,304 | €53,357 | +€9,053 | +20.4% |
| Suppliers | 440/4 | €44,304 | €53,357 | +€9,053 | +20.4% |
| Taxes, remuneration and social security | 45 | €61,828 | €47,793 | -€14,035 | -22.7% |
| Taxes | 450/3 | €35,258 | €29,931 | -€5,326 | -15.1% |
| Remuneration and social security | 454/9 | €26,570 | €17,861 | -€8,709 | -32.8% |
| Other amounts payable | 47/48 | €429,004 | €446,891 | +€17,887 | +4.2% |
| Accrued charges and deferred income | 492/3 | €24,632 | €25,540 | +€909 | +3.7% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €179,547 | €165,488 | -€14,059 | -7.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €167,851 | €175,858 | +€8,007 | +4.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €7,578 | +€7,578 | |
| Other operating charges | 640/8 | €17,183 | €15,739 | -€1,444 | -8.4% |
| Gross operating margin | 9900 | €248,030 | €340,956 | +€92,927 | +37.5% |
| Operating profit (loss) | 9901 | -€116,551 | -€23,706 | +€92,845 | +79.7% |
| Financial income | 75/76B | €13,510 | €5,455 | -€8,055 | -59.6% |
| Recurring financial income | 75 | €13,510 | €5,455 | -€8,055 | -59.6% |
| Financial charges | 65/66B | €43,469 | €46,604 | +€3,136 | +7.2% |
| Recurring financial charges | 65 | €43,469 | €46,604 | +€3,136 | +7.2% |
| Profit (loss) for the period before taxes | 9903 | -€146,510 | -€64,855 | +€81,654 | +55.7% |
| Income taxes | 67/77 | €690 | €881 | +€191 | +27.7% |
| Profit (loss) for the period | 9904 | -€147,199 | -€65,736 | +€81,463 | +55.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€147,199 | -€65,736 | +€81,463 | +55.3% |
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 15 October 2026 via checked.be.