MiLo Concept: 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 Concept
Largest movements
- Cash +€183,319
up €183,319 (+258.1%), from €71,031 to €254,350
mainly Receivables within one year (+€144,870) and Net result for the year (+€46,235)
- Receivables within one year -€144,870
down €144,870 (-90.2%), from €160,669 to €15,799
of which Other amounts receivable: -€136,754
- Tangible fixed assets +€4,365
new in 2025: €4,365
of which Other tangible fixed assets: +€3,336
- Other debts +€28,401
up €28,401 (+397.4%), from €7,147 to €35,548
- Reserves +€21,578
up €21,578 (+10.4%), from €207,866 to €229,444
- Short-term financial debts -€4,739
no longer reported in 2025 (was €4,739)
- Financial income +€4,736
up €4,736 (+33396.1%), from €14 to €4,750
- Taxes +€1,393
up €1,393 (+10.6%), from €13,171 to €14,564
- Depreciation +€1,091
new in 2025: €1,091
- Gross operating margin +€1,018
up €1,018 (+1.7%), from €59,263 to €60,280
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 | €234,789 | €277,849 | +€43,060 | +18.3% |
| Fixed assets | 21/28 | - | €4,365 | +€4,365 | |
| Tangible fixed assets | 22/27 | - | €4,365 | +€4,365 | |
| Furniture and vehicles | 24 | - | €1,029 | +€1,029 | |
| Other tangible fixed assets | 26 | - | €3,336 | +€3,336 | |
| Current assets | 29/58 | €234,789 | €273,484 | +€38,695 | +16.5% |
| Amounts receivable within one year | 40/41 | €160,669 | €15,799 | -€144,870 | -90.2% |
| Trade receivables | 40 | €22,615 | €14,500 | -€8,116 | -35.9% |
| Other amounts receivable | 41 | €138,054 | €1,300 | -€136,754 | -99.1% |
| Cash at bank and in hand | 54/58 | €71,031 | €254,350 | +€183,319 | +258.1% |
| Deferred charges and accrued income | 490/1 | €3,089 | €3,334 | +€246 | +8.0% |
| Total equity and liabilities | 10/49 | €234,789 | €277,849 | +€43,060 | +18.3% |
| Equity | 10/15 | €208,459 | €229,694 | +€21,235 | +10.2% |
| Contributions | 10/11 | €250 | €250 | = | 0.0% |
| Reserves | 13 | €207,866 | €229,444 | +€21,578 | +10.4% |
| Distributable reserves | 133 | €207,866 | €229,444 | +€21,578 | +10.4% |
| Profit (loss) carried forward | 14 | €343 | - | -€343 | |
| Amounts payable | 17/49 | €26,330 | €48,155 | +€21,825 | +82.9% |
| Amounts payable within one year | 42/48 | €26,330 | €48,155 | +€21,825 | +82.9% |
| Financial debts | 43 | €4,739 | - | -€4,739 | |
| Credit institutions | 430/8 | €4,739 | - | -€4,739 | |
| Trade debts | 44 | €872 | €1,700 | +€828 | +94.9% |
| Suppliers | 440/4 | €872 | €1,700 | +€828 | +94.9% |
| Taxes, remuneration and social security | 45 | €13,573 | €10,907 | -€2,666 | -19.6% |
| Taxes | 450/3 | €11,633 | €8,967 | -€2,666 | -22.9% |
| Remuneration and social security | 454/9 | €1,940 | €1,940 | = | 0.0% |
| Other amounts payable | 47/48 | €7,147 | €35,548 | +€28,401 | +397.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €1,091 | +€1,091 | |
| Other operating charges | 640/8 | €2,011 | €1,431 | -€579 | -28.8% |
| Gross operating margin | 9900 | €59,263 | €60,280 | +€1,018 | +1.7% |
| Operating profit (loss) | 9901 | €57,252 | €57,758 | +€506 | +0.9% |
| Financial income | 75/76B | €14 | €4,750 | +€4,736 | +33396.1% |
| Recurring financial income | 75 | €14 | €4,750 | +€4,736 | +33396.1% |
| Financial charges | 65/66B | €2,179 | €1,708 | -€471 | -21.6% |
| Recurring financial charges | 65 | €2,179 | €1,708 | -€471 | -21.6% |
| Profit (loss) for the period before taxes | 9903 | €55,087 | €60,799 | +€5,712 | +10.4% |
| Income taxes | 67/77 | €13,171 | €14,564 | +€1,393 | +10.6% |
| Profit (loss) for the period | 9904 | €41,916 | €46,235 | +€4,319 | +10.3% |
| Profit (loss) for the period to be appropriated | 9905 | €41,916 | €46,235 | +€4,319 | +10.3% |
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 4 October 2026 via checked.be.