MILISA IMMO: 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.
MILISA IMMO
Largest movements
- Receivables within one year +€19,096
up €19,096 (+22,397%), from €85 to €19,181
of which Trade receivables: +€17,961
- Tangible fixed assets -€8,097
down €8,097 (-67.5%), from €11,997 to €3,901
of which Furniture and vehicles: -€6,998
- Deferred charges and accrued income -€526
down €526 (-13.3%), from €3,967 to €3,442
- Cash -€448
down €448 (-22.5%), from €1,989 to €1,541
mainly Receivables within one year (-€19,096) and Trade debts (-€3,813)
- Profit (loss) carried forward +€16,206
up €16,206 (+28.4%), from -€57,049 to -€40,843
- Trade debts -€3,813
down €3,813 (-16.9%), from €22,520 to €18,707
- Debts after one year -€3,019
down €3,019 (-7.8%), from €38,537 to €35,518
- Tax, wage and social debts +€1,696
up €1,696 (+82.5%), from €2,056 to €3,751
of which Taxes: +€2,429
- Current portion of long-term debt -€1,006
down €1,006 (-25.0%), from €4,025 to €3,019
- Gross operating margin +€11,865
up €11,865 (+101%), from €11,785 to €23,650
- Depreciation -€3,238
down €3,238 (-74.7%), from €4,336 to €1,098
- Staff costs +€2,194
up €2,194 (+126%), from €1,737 to €3,930
- Other operating charges +€1,164
up €1,164 (+174%), from €667 to €1,831
- Financial charges +€428
up €428 (+433%), from €99 to €527
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 | €19,039 | €29,064 | +€10,026 | +52.7% |
| Fixed assets | 21/28 | €12,997 | €4,901 | -€8,097 | -62.3% |
| Tangible fixed assets | 22/27 | €11,997 | €3,901 | -€8,097 | -67.5% |
| Plant, machinery and equipment | 23 | €1,266 | €611 | -€655 | -51.7% |
| Furniture and vehicles | 24 | €6,998 | - | -€6,998 | |
| Other tangible fixed assets | 26 | €3,733 | €3,290 | -€443 | -11.9% |
| Financial fixed assets | 28 | €1,000 | €1,000 | = | 0.0% |
| Current assets | 29/58 | €6,041 | €24,164 | +€18,122 | +300% |
| Amounts receivable within one year | 40/41 | €85 | €19,181 | +€19,096 | +22,397% |
| Trade receivables | 40 | - | €17,961 | +€17,961 | |
| Other amounts receivable | 41 | €85 | €1,220 | +€1,135 | +1,331% |
| Cash at bank and in hand | 54/58 | €1,989 | €1,541 | -€448 | -22.5% |
| Deferred charges and accrued income | 490/1 | €3,967 | €3,442 | -€526 | -13.3% |
| Total equity and liabilities | 10/49 | €19,039 | €29,064 | +€10,026 | +52.7% |
| Equity | 10/15 | -€50,549 | -€34,343 | +€16,206 | +32.1% |
| Contributions | 10/11 | €6,500 | €6,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€57,049 | -€40,843 | +€16,206 | +28.4% |
| Amounts payable | 17/49 | €69,588 | €63,407 | -€6,180 | -8.9% |
| Amounts payable after more than one year | 17 | €38,537 | €35,518 | -€3,019 | -7.8% |
| Financial debts | 170/4 | €38,537 | €35,518 | -€3,019 | -7.8% |
| Amounts payable within one year | 42/48 | €31,050 | €27,889 | -€3,161 | -10.2% |
| Current portion of amounts payable after more than one year | 42 | €4,025 | €3,019 | -€1,006 | -25.0% |
| Trade debts | 44 | €22,520 | €18,707 | -€3,813 | -16.9% |
| Suppliers | 440/4 | €22,520 | €18,707 | -€3,813 | -16.9% |
| Taxes, remuneration and social security | 45 | €2,056 | €3,751 | +€1,696 | +82.5% |
| Taxes | 450/3 | €1,322 | €3,751 | +€2,429 | +184% |
| Remuneration and social security | 454/9 | €733 | - | -€733 | |
| Other amounts payable | 47/48 | €2,449 | €2,412 | -€38 | -1.5% |
| Remuneration, social security and pensions | 62 | €1,737 | €3,930 | +€2,194 | +126% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,336 | €1,098 | -€3,238 | -74.7% |
| Other operating charges | 640/8 | €667 | €1,831 | +€1,164 | +174% |
| Gross operating margin | 9900 | €11,785 | €23,650 | +€11,865 | +101% |
| Operating profit (loss) | 9901 | €5,045 | €16,790 | +€11,745 | +233% |
| Financial income | 75/76B | - | €64 | +€64 | |
| Recurring financial income | 75 | - | €64 | +€64 | |
| Financial charges | 65/66B | €99 | €527 | +€428 | +433% |
| Recurring financial charges | 65 | €99 | €527 | +€428 | +433% |
| Profit (loss) for the period before taxes | 9903 | €4,946 | €16,327 | +€11,381 | +230% |
| Income taxes | 67/77 | €171 | €121 | -€50 | -29.1% |
| Profit (loss) for the period | 9904 | €4,775 | €16,206 | +€11,431 | +239% |
| Profit (loss) for the period to be appropriated | 9905 | €4,775 | €16,206 | +€11,431 | +239% |
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 18 October 2026 via checked.be.