MILIMO: 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.
MILIMO
Largest movements
- Receivables within one year +€124,902
up €124,902 (+135.0%), from €92,536 to €217,439
- Tangible fixed assets -€93,872
down €93,872 (-83.4%), from €112,528 to €18,656
of which Furniture and vehicles: -€93,530
- Cash +€19,757
up €19,757 (+8.8%), from €225,146 to €244,903
mainly Investment in fixed assets (net) (+€87,009) and Net result for the year (+€74,768)
- Other debts -€74,505
down €74,505 (-71.6%), from €103,997 to €29,492
- Reserves +€70,000
up €70,000 (+135.0%), from €51,860 to €121,860
of which Distributable reserves: +€70,000
- Tax, wage and social debts +€39,324
up €39,324 (+73.7%), from €53,351 to €92,675
of which Taxes: +€37,971
- Trade debts +€14,054
up €14,054 (+42.3%), from €33,189 to €47,243
- Depreciation -€40,818
down €40,818 (-85.6%), from €47,681 to €6,864
- Staff costs +€17,571
up €17,571 (+7.9%), from €223,557 to €241,128
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €453,224 | €500,211 | +€46,987 | +10.4% |
| Fixed assets | 21/28 | €129,448 | €35,576 | -€93,872 | -72.5% |
| Tangible fixed assets | 22/27 | €112,528 | €18,656 | -€93,872 | -83.4% |
| Plant, machinery and equipment | 23 | €1,097 | €754 | -€343 | -31.2% |
| Furniture and vehicles | 24 | €111,431 | €17,902 | -€93,530 | -83.9% |
| Financial fixed assets | 28 | €16,920 | €16,920 | = | 0.0% |
| Current assets | 29/58 | €323,775 | €464,635 | +€140,859 | +43.5% |
| Amounts receivable within one year | 40/41 | €92,536 | €217,439 | +€124,902 | +135.0% |
| Trade receivables | 40 | €92,536 | €217,439 | +€124,902 | +135.0% |
| Cash at bank and in hand | 54/58 | €225,146 | €244,903 | +€19,757 | +8.8% |
| Deferred charges and accrued income | 490/1 | €6,093 | €2,293 | -€3,800 | -62.4% |
| Total equity and liabilities | 10/49 | €453,224 | €500,211 | +€46,987 | +10.4% |
| Equity | 10/15 | €166,000 | €240,768 | +€74,768 | +45.0% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €51,860 | €121,860 | +€70,000 | +135.0% |
| 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 | €50,000 | €120,000 | +€70,000 | +140.0% |
| Profit (loss) carried forward | 14 | €101,740 | €106,508 | +€4,768 | +4.7% |
| Amounts payable | 17/49 | €287,224 | €259,442 | -€27,781 | -9.7% |
| Amounts payable after more than one year | 17 | €58,842 | €54,176 | -€4,666 | -7.9% |
| Financial debts | 170/4 | €58,842 | €54,176 | -€4,666 | -7.9% |
| Amounts payable within one year | 42/48 | €228,382 | €205,266 | -€23,115 | -10.1% |
| Current portion of amounts payable after more than one year | 42 | €37,845 | €35,856 | -€1,989 | -5.3% |
| Trade debts | 44 | €33,189 | €47,243 | +€14,054 | +42.3% |
| Suppliers | 440/4 | €33,189 | €47,243 | +€14,054 | +42.3% |
| Taxes, remuneration and social security | 45 | €53,351 | €92,675 | +€39,324 | +73.7% |
| Taxes | 450/3 | €30,093 | €68,064 | +€37,971 | +126.2% |
| Remuneration and social security | 454/9 | €23,258 | €24,611 | +€1,353 | +5.8% |
| Other amounts payable | 47/48 | €103,997 | €29,492 | -€74,505 | -71.6% |
| Remuneration, social security and pensions | 62 | €223,557 | €241,128 | +€17,571 | +7.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €47,681 | €6,864 | -€40,818 | -85.6% |
| Other operating charges | 640/8 | €31,974 | €32,161 | +€187 | +0.6% |
| Non-recurring operating charges | 66A | €204 | €1,070 | +€866 | +424.5% |
| Gross operating margin | 9900 | €391,064 | €392,922 | +€1,858 | +0.5% |
| Operating profit (loss) | 9901 | €87,648 | €111,699 | +€24,051 | +27.4% |
| Financial income | 75/76B | - | €1 | +€1 | |
| Recurring financial income | 75 | - | €1 | +€1 | |
| Financial charges | 65/66B | €7,149 | €7,384 | +€235 | +3.3% |
| Recurring financial charges | 65 | €7,149 | €7,384 | +€235 | +3.3% |
| Profit (loss) for the period before taxes | 9903 | €80,499 | €104,316 | +€23,817 | +29.6% |
| Income taxes | 67/77 | €25,998 | €29,548 | +€3,550 | +13.7% |
| Profit (loss) for the period | 9904 | €54,501 | €74,768 | +€20,267 | +37.2% |
| Profit (loss) for the period to be appropriated | 9905 | €54,501 | €74,768 | +€20,267 | +37.2% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.