MILJAAR: what changed
What changed
MILJAAR
NACE 73.120, Media representation
filed annual accounts (NBB)
Net result for the year
€54,552
2024 · €17,422+€37,130
Equity
€121,842
2024 · €180,903-€59,062
Cash
€9,794
2024 · €5,248+€4,546
Balance sheet total
€401,960
2024 · €448,600-€46,641
Largest movements
Assets
- Receivables within one year -€50,028
down €50,028 (-34.3%), from €145,972 to €95,944
of which Other amounts receivable: -€48,877
- Cash +€4,546
up €4,546 (+86.6%), from €5,248 to €9,794
mainly Net result for the year (+€54,552) and Receivables within one year (+€50,028)
Equity and liabilities
- Reserves -€59,062
down €59,062 (-36.4%), from €162,303 to €103,242
- Other debts +€34,225
up €34,225 (+105%), from €32,667 to €66,892
- Debts after one year -€16,594
down €16,594 (-8.2%), from €203,470 to €186,876
Income statement
- Gross operating margin +€50,831
up €50,831 (+108%), from €47,274 to €98,106
- Taxes +€11,454
up €11,454 (+154%), from €7,455 to €18,910
- Depreciation +€2,770
up €2,770 (+15.8%), from €17,479 to €20,249
- Financial income +€2,751
up €2,751 (+8,804%), from €31 to €2,782
- Financial charges +€2,161
up €2,161 (+68.6%), from €3,149 to €5,310
Change in the result, 2024 to 2025
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 2024
€17,422
Gross operating margin
+€50,831
Depreciation
-€2,770
Other operating charges
-€66
Financial income
+€2,751
Financial charges
-€2,161
Taxes
-€11,454
Result 2025
€54,552
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€153,757
Investment
-€19,202
Financing
-€130,010
Cash 2024
€5,248
From operations (derived)
+€153,757
Net result for the year
+€54,552
Depreciation
+€20,249
Receivables within one year
+€50,028
Deferred charges and accrued income
+€111
Trade debts
-€2,647
Tax, wage and social debts
-€2,095
Other debts
+€34,225
Accrued charges and deferred income
-€667
Investment (derived)
-€19,202
Investment in fixed assets (net)
-€19,202
Financing
-€130,010
Debts after one year
-€16,594
Current portion of long-term debt
+€199
Contributions, distributions and other
-€113,614
Cash 2025
€9,794
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €448,600 | €401,960 | -€46,641 | -10.4% |
| Fixed assets | 21/28 | €296,986 | €295,939 | -€1,048 | -0.4% |
| Tangible fixed assets | 22/27 | €296,986 | €295,939 | -€1,048 | -0.4% |
| Land and buildings | 22 | €290,911 | €275,911 | -€15,000 | -5.2% |
| Plant, machinery and equipment | 23 | €2,250 | €5,745 | +€3,495 | +155% |
| Furniture and vehicles | 24 | €3,825 | €14,282 | +€10,458 | +273% |
| Current assets | 29/58 | €151,614 | €106,021 | -€45,593 | -30.1% |
| Amounts receivable within one year | 40/41 | €145,972 | €95,944 | -€50,028 | -34.3% |
| Trade receivables | 40 | €44,376 | €43,225 | -€1,151 | -2.6% |
| Other amounts receivable | 41 | €101,596 | €52,719 | -€48,877 | -48.1% |
| Cash at bank and in hand | 54/58 | €5,248 | €9,794 | +€4,546 | +86.6% |
| Deferred charges and accrued income | 490/1 | €394 | €283 | -€111 | -28.1% |
| Total equity and liabilities | 10/49 | €448,600 | €401,960 | -€46,641 | -10.4% |
| Equity | 10/15 | €180,903 | €121,842 | -€59,062 | -32.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €162,303 | €103,242 | -€59,062 | -36.4% |
| Distributable reserves | 133 | €162,303 | €103,242 | -€59,062 | -36.4% |
| Amounts payable | 17/49 | €267,697 | €280,118 | +€12,421 | +4.6% |
| Amounts payable after more than one year | 17 | €203,470 | €186,876 | -€16,594 | -8.2% |
| Financial debts | 170/4 | €203,470 | €186,876 | -€16,594 | -8.2% |
| Amounts payable within one year | 42/48 | €63,560 | €93,242 | +€29,682 | +46.7% |
| Current portion of amounts payable after more than one year | 42 | €16,396 | €16,594 | +€199 | +1.2% |
| Trade debts | 44 | €4,007 | €1,360 | -€2,647 | -66.1% |
| Suppliers | 440/4 | €4,007 | €1,360 | -€2,647 | -66.1% |
| Taxes, remuneration and social security | 45 | €10,491 | €8,396 | -€2,095 | -20.0% |
| Taxes | 450/3 | €10,491 | €8,396 | -€2,095 | -20.0% |
| Other amounts payable | 47/48 | €32,667 | €66,892 | +€34,225 | +105% |
| Accrued charges and deferred income | 492/3 | €667 | - | -€667 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,479 | €20,249 | +€2,770 | +15.8% |
| Other operating charges | 640/8 | €1,800 | €1,866 | +€66 | +3.7% |
| Gross operating margin | 9900 | €47,274 | €98,106 | +€50,831 | +108% |
| Operating profit (loss) | 9901 | €27,995 | €75,990 | +€47,995 | +171% |
| Financial income | 75/76B | €31 | €2,782 | +€2,751 | +8,804% |
| Recurring financial income | 75 | €31 | €2,782 | +€2,751 | +8,804% |
| Financial charges | 65/66B | €3,149 | €5,310 | +€2,161 | +68.6% |
| Recurring financial charges | 65 | €3,149 | €5,310 | +€2,161 | +68.6% |
| Profit (loss) for the period before taxes | 9903 | €24,877 | €73,462 | +€48,585 | +195% |
| Income taxes | 67/77 | €7,455 | €18,910 | +€11,454 | +154% |
| Profit (loss) for the period | 9904 | €17,422 | €54,552 | +€37,130 | +213% |
| Profit (loss) for the period to be appropriated | 9905 | €17,422 | €54,552 | +€37,130 | +213% |
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 1 November 2026 via checked.be.