MILIN: what changed
Two fiscal 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.
MILIN
Largest movements
- Tangible fixed assets -€33,390
down €33,390 (-1.5%), from €2.2m to €2.1m
of which Land and buildings: -€31,434
No liability line moved by more than 1% of the balance sheet total.
- Depreciation +€5,916
up €5,916 (+7.2%), from €82,013 to €87,929
- Gross operating margin +€3,883
up €3,883 (+4.6%), from €84,242 to €88,125
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 | €2,279,717 | €2,267,776 | -€11,941 | -0.5% |
| Fixed assets | 21/28 | €2,179,715 | €2,146,325 | -€33,390 | -1.5% |
| Tangible fixed assets | 22/27 | €2,179,715 | €2,146,325 | -€33,390 | -1.5% |
| Land and buildings | 22 | €1,812,027 | €1,780,594 | -€31,434 | -1.7% |
| Plant, machinery and equipment | 23 | €1,012 | €776 | -€236 | -23.3% |
| Other tangible fixed assets | 26 | €366,675 | €364,955 | -€1,720 | -0.5% |
| Current assets | 29/58 | €100,001 | €121,451 | +€21,450 | +21.4% |
| Amounts receivable within one year | 40/41 | €63 | €229 | +€165 | +260.2% |
| Other amounts receivable | 41 | €63 | €229 | +€165 | +260.2% |
| Cash at bank and in hand | 54/58 | €97,969 | €119,961 | +€21,992 | +22.4% |
| Deferred charges and accrued income | 490/1 | €1,969 | €1,262 | -€707 | -35.9% |
| Total equity and liabilities | 10/49 | €2,279,717 | €2,267,776 | -€11,941 | -0.5% |
| Equity | 10/15 | €855,144 | €845,218 | -€9,926 | -1.2% |
| Contributions | 10/11 | €1,250,000 | €1,250,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€394,856 | -€404,782 | -€9,926 | -2.5% |
| Amounts payable | 17/49 | €1,424,573 | €1,422,558 | -€2,015 | -0.1% |
| Amounts payable after more than one year | 17 | €1,100,000 | €1,100,000 | = | 0.0% |
| Other amounts payable | 178/9 | €1,100,000 | €1,100,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €322,793 | €319,093 | -€3,700 | -1.1% |
| Trade debts | 44 | €0 | €0 | -€0 | -100.0% |
| Suppliers | 440/4 | €0 | €0 | -€0 | -100.0% |
| Other amounts payable | 47/48 | €322,793 | €319,093 | -€3,700 | -1.1% |
| Accrued charges and deferred income | 492/3 | €1,780 | €3,465 | +€1,685 | +94.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €82,013 | €87,929 | +€5,916 | +7.2% |
| Other operating charges | 640/8 | €10,196 | €10,516 | +€320 | +3.1% |
| Gross operating margin | 9900 | €84,242 | €88,125 | +€3,883 | +4.6% |
| Operating profit (loss) | 9901 | -€7,967 | -€10,320 | -€2,353 | -29.5% |
| Financial income | 75/76B | €212 | €551 | +€339 | +160.3% |
| Recurring financial income | 75 | €212 | €551 | +€339 | +160.3% |
| Financial charges | 65/66B | €151 | €156 | +€5 | +3.2% |
| Recurring financial charges | 65 | €151 | €156 | +€5 | +3.2% |
| Profit (loss) for the period before taxes | 9903 | -€7,907 | -€9,926 | -€2,019 | -25.5% |
| Profit (loss) for the period | 9904 | -€7,907 | -€9,926 | -€2,019 | -25.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€7,907 | -€9,926 | -€2,019 | -25.5% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.