MILIV: 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.
MILIV
Largest movements
- Receivables within one year -€75,895
down €75,895 (-6.4%), from €1.2m to €1.1m
of which Other amounts receivable: -€99,424
- Tangible fixed assets -€38,197
down €38,197 (-20.3%), from €188,096 to €149,899
of which Leasing and similar rights: -€25,612
- Tax, wage and social debts -€76,122
down €76,122 (-30.5%), from €249,608 to €173,485
- Other debts -€57,998
down €57,998 (-17.6%), from €330,330 to €272,333
- Trade debts +€37,728
up €37,728 (+6.2%), from €613,362 to €651,089
- Debts after one year -€23,070
down €23,070 (-24.5%), from €94,281 to €71,211
- Turnover -€482,836
down €482,836 (-13.3%), from €3.6m to €3.1m
- Purchases and services -€416,429
down €416,429 (-13.8%), from €3.0m to €2.6m
- Gross operating margin -€59,546
down €59,546 (-9.9%), from €601,028 to €541,482
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 | €1,434,713 | €1,330,214 | -€104,499 | -7.3% |
| Fixed assets | 21/28 | €196,796 | €167,599 | -€29,197 | -14.8% |
| Tangible fixed assets | 22/27 | €188,096 | €149,899 | -€38,197 | -20.3% |
| Plant, machinery and equipment | 23 | €3,730 | €8,782 | +€5,052 | +135.4% |
| Furniture and vehicles | 24 | €116,068 | €98,431 | -€17,637 | -15.2% |
| Leasing and similar rights | 25 | €68,298 | €42,686 | -€25,612 | -37.5% |
| Financial fixed assets | 28 | €8,700 | €17,700 | +€9,000 | +103.4% |
| Current assets | 29/58 | €1,237,917 | €1,162,615 | -€75,302 | -6.1% |
| Amounts receivable within one year | 40/41 | €1,189,433 | €1,113,537 | -€75,895 | -6.4% |
| Trade receivables | 40 | €951,459 | €974,987 | +€23,529 | +2.5% |
| Other amounts receivable | 41 | €237,974 | €138,550 | -€99,424 | -41.8% |
| Cash at bank and in hand | 54/58 | €45,425 | €41,115 | -€4,311 | -9.5% |
| Deferred charges and accrued income | 490/1 | €3,059 | €7,963 | +€4,904 | +160.3% |
| Total equity and liabilities | 10/49 | €1,434,713 | €1,330,214 | -€104,499 | -7.3% |
| Equity | 10/15 | €104,613 | €111,553 | +€6,941 | +6.6% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €99,613 | €106,553 | +€6,941 | +7.0% |
| Amounts payable | 17/49 | €1,330,100 | €1,218,660 | -€111,440 | -8.4% |
| Amounts payable after more than one year | 17 | €94,281 | €71,211 | -€23,070 | -24.5% |
| Financial debts | 170/4 | €94,281 | €71,211 | -€23,070 | -24.5% |
| Amounts payable within one year | 42/48 | €1,235,819 | €1,147,449 | -€88,370 | -7.2% |
| Current portion of amounts payable after more than one year | 42 | €42,519 | €50,542 | +€8,022 | +18.9% |
| Trade debts | 44 | €613,362 | €651,089 | +€37,728 | +6.2% |
| Suppliers | 440/4 | €613,362 | €651,089 | +€37,728 | +6.2% |
| Taxes, remuneration and social security | 45 | €249,608 | €173,485 | -€76,122 | -30.5% |
| Taxes | 450/3 | €249,608 | €173,485 | -€76,122 | -30.5% |
| Other amounts payable | 47/48 | €330,330 | €272,333 | -€57,998 | -17.6% |
| Turnover | 70 | €3,618,999 | €3,136,163 | -€482,836 | -13.3% |
| Non-recurring operating income | 76A | €9,585 | €16,446 | +€6,861 | +71.6% |
| Goods, raw materials, services and sundry goods | 60/61 | €3,027,556 | €2,611,127 | -€416,429 | -13.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €67,375 | €73,011 | +€5,636 | +8.4% |
| Other operating charges | 640/8 | €5,087 | €12,064 | +€6,977 | +137.2% |
| Non-recurring operating charges | 66A | €1,091 | €1,493 | +€402 | +36.9% |
| Gross operating margin | 9900 | €601,028 | €541,482 | -€59,546 | -9.9% |
| Operating profit (loss) | 9901 | €527,476 | €454,914 | -€72,561 | -13.8% |
| Financial income | 75/76B | €1 | €448 | +€447 | +84366.0% |
| Recurring financial income | 75 | €1 | €448 | +€447 | +84366.0% |
| Financial charges | 65/66B | €26,813 | €10,663 | -€16,149 | -60.2% |
| Recurring financial charges | 65 | €26,813 | €10,663 | -€16,149 | -60.2% |
| Profit (loss) for the period before taxes | 9903 | €500,663 | €444,698 | -€55,965 | -11.2% |
| Income taxes | 67/77 | €134,308 | €122,758 | -€11,550 | -8.6% |
| Profit (loss) for the period | 9904 | €366,355 | €321,941 | -€44,415 | -12.1% |
| Profit (loss) for the period to be appropriated | 9905 | €366,355 | €321,941 | -€44,415 | -12.1% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.