MILO: 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.
MILO
Largest movements
- Cash -€16,901
down €16,901 (-60.8%), from €27,812 to €10,911
mainly Other debts (-€24,000) and Net result for the year (-€3,908)
- Tangible fixed assets -€11,819
down €11,819 (-6.3%), from €188,842 to €177,023
- Other debts -€24,000
down €24,000 (-13.6%), from €176,686 to €152,686
- Profit (loss) carried forward -€3,908
down €3,908 (-4.0%), from -€97,438 to -€101,346
- Depreciation -€1,822
down €1,822 (-13.4%), from €13,640 to €11,819
- Gross operating margin +€376
up €376 (+2.8%), from €13,223 to €13,599
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 | €227,984 | €200,076 | -€27,908 | -12.2% |
| Fixed assets | 21/28 | €200,172 | €189,165 | -€11,006 | -5.5% |
| Tangible fixed assets | 22/27 | €188,842 | €177,023 | -€11,819 | -6.3% |
| Land and buildings | 22 | €188,842 | €177,023 | -€11,819 | -6.3% |
| Financial fixed assets | 28 | €11,330 | €12,142 | +€812 | +7.2% |
| Current assets | 29/58 | €27,812 | €10,911 | -€16,901 | -60.8% |
| Cash at bank and in hand | 54/58 | €27,812 | €10,911 | -€16,901 | -60.8% |
| Total equity and liabilities | 10/49 | €227,984 | €200,076 | -€27,908 | -12.2% |
| Equity | 10/15 | €51,298 | €47,390 | -€3,908 | -7.6% |
| Contributions | 10/11 | €148,736 | €148,736 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€97,438 | -€101,346 | -€3,908 | -4.0% |
| Amounts payable | 17/49 | €176,686 | €152,686 | -€24,000 | -13.6% |
| Amounts payable within one year | 42/48 | €176,686 | €152,686 | -€24,000 | -13.6% |
| Other amounts payable | 47/48 | €176,686 | €152,686 | -€24,000 | -13.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,640 | €11,819 | -€1,822 | -13.4% |
| Other operating charges | 640/8 | €5,361 | €5,415 | +€54 | +1.0% |
| Gross operating margin | 9900 | €13,223 | €13,599 | +€376 | +2.8% |
| Operating profit (loss) | 9901 | -€5,778 | -€3,635 | +€2,144 | +37.1% |
| Financial charges | 65/66B | €273 | €273 | = | 0.0% |
| Recurring financial charges | 65 | €273 | €273 | = | 0.0% |
| Profit (loss) for the period before taxes | 9903 | -€6,052 | -€3,908 | +€2,144 | +35.4% |
| Profit (loss) for the period | 9904 | -€6,052 | -€3,908 | +€2,144 | +35.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€6,052 | -€3,908 | +€2,144 | +35.4% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.