MILO: 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.
MILO
Largest movements
- Current investments +€14,723
up €14,723 (+33.8%), from €43,552 to €58,275
- Cash -€9,373
down €9,373 (-30.1%), from €31,177 to €21,803
mainly Current investments (-€14,723) and Contributions, distributions and other (-€8,000)
- Stocks and contracts -€3,808
down €3,808 (-19.2%), from €19,799 to €15,991
- Receivables within one year -€2,476
down €2,476 (-37.3%), from €6,637 to €4,161
of which Other amounts receivable: -€2,323
- Reserves -€4,000
down €4,000 (-12.5%), from €32,000 to €28,000
- Trade debts +€3,443
up €3,443 (+32.8%), from €10,512 to €13,955
- Write-downs -€10,636
down €10,636 (-100.0%), from €10,636 to €0
- Staff costs +€7,968
up €7,968 (+50.3%), from €15,853 to €23,821
- Gross operating margin -€6,803
down €6,803 (-15.9%), from €42,728 to €35,925
- Other operating charges +€2,771
up €2,771 (+131.9%), from €2,101 to €4,873
- Taxes -€1,883
down €1,883 (-42.6%), from €4,425 to €2,542
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 | €103,695 | €102,760 | -€934 | -0.9% |
| Fixed assets | 21/28 | €2,530 | €2,530 | = | 0.0% |
| Financial fixed assets | 28 | €2,530 | €2,530 | = | 0.0% |
| Current assets | 29/58 | €101,165 | €100,230 | -€934 | -0.9% |
| Stocks and contracts in progress | 3 | €19,799 | €15,991 | -€3,808 | -19.2% |
| Stocks | 30/36 | €19,799 | €15,991 | -€3,808 | -19.2% |
| Amounts receivable within one year | 40/41 | €6,637 | €4,161 | -€2,476 | -37.3% |
| Trade receivables | 40 | €3,586 | €3,433 | -€153 | -4.3% |
| Other amounts receivable | 41 | €3,051 | €727 | -€2,323 | -76.2% |
| Current investments | 50/53 | €43,552 | €58,275 | +€14,723 | +33.8% |
| Cash at bank and in hand | 54/58 | €31,177 | €21,803 | -€9,373 | -30.1% |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €103,695 | €102,760 | -€934 | -0.9% |
| Equity | 10/15 | €73,187 | €69,451 | -€3,736 | -5.1% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €32,000 | €28,000 | -€4,000 | -12.5% |
| Distributable reserves | 133 | €32,000 | €28,000 | -€4,000 | -12.5% |
| Profit (loss) carried forward | 14 | €21,187 | €21,451 | +€264 | +1.2% |
| Amounts payable | 17/49 | €30,508 | €33,310 | +€2,802 | +9.2% |
| Amounts payable within one year | 42/48 | €30,508 | €33,310 | +€2,802 | +9.2% |
| Financial debts | 43 | €63 | €86 | +€22 | +35.4% |
| Credit institutions | 430/8 | €63 | €86 | +€22 | +35.4% |
| Trade debts | 44 | €10,512 | €13,955 | +€3,443 | +32.8% |
| Suppliers | 440/4 | €10,512 | €13,955 | +€3,443 | +32.8% |
| Taxes, remuneration and social security | 45 | €9,933 | €9,141 | -€791 | -8.0% |
| Taxes | 450/3 | €6,122 | €4,245 | -€1,876 | -30.6% |
| Remuneration and social security | 454/9 | €3,811 | €4,896 | +€1,085 | +28.5% |
| Other amounts payable | 47/48 | €10,000 | €10,127 | +€127 | +1.3% |
| Non-recurring operating income | 76A | - | €38,661 | +€38,661 | |
| Remuneration, social security and pensions | 62 | €15,853 | €23,821 | +€7,968 | +50.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €10,636 | €0 | -€10,636 | -100.0% |
| Other operating charges | 640/8 | €2,101 | €4,873 | +€2,771 | +131.9% |
| Gross operating margin | 9900 | €42,728 | €35,925 | -€6,803 | -15.9% |
| Operating profit (loss) | 9901 | €14,138 | €7,232 | -€6,906 | -48.9% |
| Financial income | 75/76B | €325 | €419 | +€94 | +28.9% |
| Recurring financial income | 75 | €325 | €419 | +€94 | +28.9% |
| Financial charges | 65/66B | €741 | €844 | +€103 | +13.9% |
| Recurring financial charges | 65 | €741 | €844 | +€103 | +13.9% |
| Profit (loss) for the period before taxes | 9903 | €13,721 | €6,806 | -€6,915 | -50.4% |
| Income taxes | 67/77 | €4,425 | €2,542 | -€1,883 | -42.6% |
| Profit (loss) for the period | 9904 | €9,296 | €4,264 | -€5,032 | -54.1% |
| Profit (loss) for the period to be appropriated | 9905 | €9,296 | €4,264 | -€5,032 | -54.1% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 September 2026 via checked.be.