MILMAT: 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.
MILMAT
Largest movements
- Receivables within one year +€117,655
up €117,655 (+85.8%), from €137,199 to €254,855
of which Other amounts receivable: +€85,607
- Tangible fixed assets -€10,604
down €10,604 (-57.7%), from €18,368 to €7,764
of which Furniture and vehicles: -€10,632
- Cash -€7,269
down €7,269 (-72.0%), from €10,093 to €2,825
mainly Receivables within one year (-€117,655)
- Deferred charges and accrued income -€3,580
down €3,580 (-65.7%), from €5,448 to €1,867
- Profit (loss) carried forward +€49,346
up €49,346 (+48.8%), from €101,046 to €150,392
- Trade debts +€41,071
up €41,071 (+112%), from €36,783 to €77,855
- Tax, wage and social debts +€6,755
up €6,755 (+82.0%), from €8,242 to €14,997
- Gross operating margin +€53,295
up €53,295 (+321%), from €16,582 to €69,876
- Taxes +€12,593
up €12,593 (+520%), from €2,420 to €15,013
- Financial income +€3,785
up €3,785 (+76.0%), from €4,983 to €8,768
- Depreciation -€3,398
down €3,398 (-43.2%), from €7,873 to €4,475
- Other operating charges +€2,282
up €2,282 (+49.2%), from €4,634 to €6,916
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €173,989 | €271,161 | +€97,172 | +55.8% |
| Fixed assets | 21/28 | €21,248 | €11,614 | -€9,634 | -45.3% |
| Tangible fixed assets | 22/27 | €18,368 | €7,764 | -€10,604 | -57.7% |
| Plant, machinery and equipment | 23 | €713 | €741 | +€28 | +3.9% |
| Furniture and vehicles | 24 | €17,655 | €7,023 | -€10,632 | -60.2% |
| Financial fixed assets | 28 | €2,880 | €3,850 | +€970 | +33.7% |
| Current assets | 29/58 | €152,740 | €259,547 | +€106,806 | +69.9% |
| Amounts receivable within one year | 40/41 | €137,199 | €254,855 | +€117,655 | +85.8% |
| Trade receivables | 40 | €32,103 | €64,152 | +€32,048 | +99.8% |
| Other amounts receivable | 41 | €105,096 | €190,703 | +€85,607 | +81.5% |
| Cash at bank and in hand | 54/58 | €10,093 | €2,825 | -€7,269 | -72.0% |
| Deferred charges and accrued income | 490/1 | €5,448 | €1,867 | -€3,580 | -65.7% |
| Total equity and liabilities | 10/49 | €173,989 | €271,161 | +€97,172 | +55.8% |
| Equity | 10/15 | €109,106 | €158,452 | +€49,346 | +45.2% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €101,046 | €150,392 | +€49,346 | +48.8% |
| Provisions and deferred taxes | 16 | €19,857 | €19,857 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €19,857 | €19,857 | = | 0.0% |
| Other liabilities and charges | 164/5 | €19,857 | €19,857 | = | 0.0% |
| Amounts payable | 17/49 | €45,025 | €92,852 | +€47,827 | +106% |
| Amounts payable within one year | 42/48 | €45,025 | €92,852 | +€47,827 | +106% |
| Trade debts | 44 | €36,783 | €77,855 | +€41,071 | +112% |
| Suppliers | 440/4 | €36,783 | €77,855 | +€41,071 | +112% |
| Taxes, remuneration and social security | 45 | €8,242 | €14,997 | +€6,755 | +82.0% |
| Taxes | 450/3 | €8,242 | €14,997 | +€6,755 | +82.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,873 | €4,475 | -€3,398 | -43.2% |
| Other operating charges | 640/8 | €4,634 | €6,916 | +€2,282 | +49.2% |
| Gross operating margin | 9900 | €16,582 | €69,876 | +€53,295 | +321% |
| Operating profit (loss) | 9901 | €4,075 | €58,486 | +€54,411 | +1,335% |
| Financial income | 75/76B | €4,983 | €8,768 | +€3,785 | +76.0% |
| Recurring financial income | 75 | €4,983 | €8,768 | +€3,785 | +76.0% |
| Financial charges | 65/66B | €3,402 | €2,895 | -€507 | -14.9% |
| Recurring financial charges | 65 | €3,402 | €2,895 | -€507 | -14.9% |
| Profit (loss) for the period before taxes | 9903 | €5,656 | €64,359 | +€58,703 | +1,038% |
| Income taxes | 67/77 | €2,420 | €15,013 | +€12,593 | +520% |
| Profit (loss) for the period | 9904 | €3,236 | €49,346 | +€46,110 | +1,425% |
| Profit (loss) for the period to be appropriated | 9905 | €3,236 | €49,346 | +€46,110 | +1,425% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 October 2026 via checked.be.