Milio: what changed
What changed
Milio
NACE 64.210, Activities of holding companies
filed annual accounts (NBB)
Net result for the year
-€47,844
2025 · €2.5m-€2.6m
Equity
€3.4m
2025 · €3.4m-€47,844
Cash
€802,798
2025 · €531,897+€270,902
Balance sheet total
€4.4m
2025 · €3.7m+€704,172
Largest movements
Assets
- Receivables within one year -€879,136
down €879,136 (-36.5%), from €2.4m to €1.5m
of which Other amounts receivable: -€801,252
- Tangible fixed assets +€745,335
up €745,335 (+2,509%), from €29,706 to €775,041
of which Assets under construction and advance payments: +€745,878
- Current investments +€325,951
up €325,951 (+81.6%), from €399,616 to €725,567
- Cash +€270,902
up €270,902 (+50.9%), from €531,897 to €802,798
mainly Receivables within one year (+€879,136) and Debts after one year (+€630,629)
- Receivables after one year +€135,997
up €135,997 (+149%), from €91,124 to €227,121
Equity and liabilities
- Debts after one year +€630,629
up €630,629 (+351%), from €179,492 to €810,122
- Trade debts +€57,648
up €57,648 (+1,128%), from €5,113 to €62,761
- Profit (loss) carried forward -€47,844
down €47,844 (-1.4%), from €3.3m to €3.3m
Income statement
- Financial income -€2.3m
down €2.3m (-95.7%), from €2.4m to €105,864
- Other operating charges +€124,518
up €124,518 (+1,547%), from €8,051 to €132,569
- Gross operating margin -€122,714
down €122,714 (-65.3%), from €187,946 to €65,232
- Taxes -€50,040
down €50,040 (-80.6%), from €62,066 to €12,026
- Financial charges +€42,926
up €42,926 (+481%), from €8,922 to €51,848
Change in the result, 2025 to 2026
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2025
€2.5m
Gross operating margin
-€122,714
Depreciation
+€613
Other operating charges
-€124,518
Other operating items
-€21,953
Financial income
-€2.3m
Financial charges
-€42,926
Taxes
+€50,040
Result 2026
-€47,844
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
The bridge is derived from the 2025 and 2026 balance sheets and the 2026 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€781,447
Investment
-€1.2m
Financing
+€661,283
Cash 2025
€531,897
From operations (derived)
+€781,447
Net result for the year
-€47,844
Depreciation
+€542
Receivables after one year
-€135,997
Receivables within one year
+€879,136
Deferred charges and accrued income
-€5,122
Trade debts
+€57,648
Tax, wage and social debts
+€33,029
Accrued charges and deferred income
+€55
Investment (derived)
-€1.2m
Investment in fixed assets (net)
-€845,878
Current investments
-€325,951
Financing
+€661,283
Debts after one year
+€630,629
Current portion of long-term debt
+€28,863
Short-term financial debts
+€1,791
Cash 2026
€802,798
brings cash intakes cash out
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €3,690,529 | €4,394,700 | +€704,172 | +19.1% |
| Fixed assets | 21/28 | €254,956 | €1,100,291 | +€845,335 | +332% |
| Tangible fixed assets | 22/27 | €29,706 | €775,041 | +€745,335 | +2,509% |
| Furniture and vehicles | 24 | €628 | €86 | -€542 | -86.4% |
| Assets under construction and advance payments | 27 | €29,078 | €774,956 | +€745,878 | +2,565% |
| Financial fixed assets | 28 | €225,250 | €325,250 | +€100,000 | +44.4% |
| Current assets | 29/58 | €3,435,573 | €3,294,409 | -€141,164 | -4.1% |
| Amounts receivable after more than one year | 29 | €91,124 | €227,121 | +€135,997 | +149% |
| Other amounts receivable | 291 | €91,124 | €227,121 | +€135,997 | +149% |
| Amounts receivable within one year | 40/41 | €2,411,473 | €1,532,337 | -€879,136 | -36.5% |
| Trade receivables | 40 | €91,776 | €13,893 | -€77,883 | -84.9% |
| Other amounts receivable | 41 | €2,319,697 | €1,518,444 | -€801,252 | -34.5% |
| Current investments | 50/53 | €399,616 | €725,567 | +€325,951 | +81.6% |
| Cash at bank and in hand | 54/58 | €531,897 | €802,798 | +€270,902 | +50.9% |
| Deferred charges and accrued income | 490/1 | €1,463 | €6,585 | +€5,122 | +350% |
| Total equity and liabilities | 10/49 | €3,690,529 | €4,394,700 | +€704,172 | +19.1% |
| Equity | 10/15 | €3,445,514 | €3,397,671 | -€47,844 | -1.4% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €105,250 | €105,250 | = | 0.0% |
| Tax-exempt reserves | 132 | €105,250 | €105,250 | = | 0.0% |
| Profit (loss) carried forward | 14 | €3,339,264 | €3,291,421 | -€47,844 | -1.4% |
| Amounts payable | 17/49 | €245,015 | €997,030 | +€752,015 | +307% |
| Amounts payable after more than one year | 17 | €179,492 | €810,122 | +€630,629 | +351% |
| Financial debts | 170/4 | €179,492 | €810,122 | +€630,629 | +351% |
| Amounts payable within one year | 42/48 | €65,522 | €186,854 | +€121,331 | +185% |
| Current portion of amounts payable after more than one year | 42 | €40,508 | €69,371 | +€28,863 | +71.3% |
| Financial debts | 43 | €11,366 | €13,157 | +€1,791 | +15.8% |
| Credit institutions | 430/8 | €11,366 | €10,085 | -€1,281 | -11.3% |
| Other loans | 439 | - | €3,072 | +€3,072 | |
| Trade debts | 44 | €5,113 | €62,761 | +€57,648 | +1,128% |
| Suppliers | 440/4 | €5,113 | €62,761 | +€57,648 | +1,128% |
| Advances received on contracts in progress | 46 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €8,536 | €41,565 | +€33,029 | +387% |
| Taxes | 450/3 | €8,536 | €41,565 | +€33,029 | +387% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Accrued charges and deferred income | 492/3 | - | €55 | +€55 | |
| Non-recurring operating income | 76A | €16,401 | €0 | -€16,401 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,155 | €542 | -€613 | -53.1% |
| Other operating charges | 640/8 | €8,051 | €132,569 | +€124,518 | +1,547% |
| Non-recurring operating charges | 66A | - | €21,953 | +€21,953 | |
| Gross operating margin | 9900 | €187,946 | €65,232 | -€122,714 | -65.3% |
| Operating profit (loss) | 9901 | €178,740 | -€89,833 | -€268,573 | |
| Financial income | 75/76B | €2,437,678 | €105,864 | -€2.3m | -95.7% |
| Recurring financial income | 75 | €2,437,678 | €105,864 | -€2.3m | -95.7% |
| Financial charges | 65/66B | €8,922 | €51,848 | +€42,926 | +481% |
| Recurring financial charges | 65 | €8,922 | €51,848 | +€42,926 | +481% |
| Profit (loss) for the period before taxes | 9903 | €2,607,497 | -€35,817 | -€2.6m | |
| Income taxes | 67/77 | €62,066 | €12,026 | -€50,040 | -80.6% |
| Profit (loss) for the period | 9904 | €2,545,430 | -€47,844 | -€2.6m | |
| Transfer to tax-exempt reserves | 689 | €105,250 | €0 | -€105,250 | -100% |
| Profit (loss) for the period to be appropriated | 9905 | €2,440,180 | -€47,844 | -€2.5m |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Green is a favourable move for that line, red an unfavourable one. Prepared on 6 November 2026 via checked.be.