Milo Multitechnieken: what changed
What changed
Milo Multitechnieken
NACE 43.211, General electrical installation work
filed annual accounts (NBB)
Net result for the year
€192,658
2024 · €216,340-€23,682
Equity
€363,403
2024 · €366,245-€2,842
Cash
€144,516
2024 · €88,034+€56,482
Balance sheet total
€676,964
2024 · €715,110-€38,146
Largest movements
Assets
- Receivables within one year -€129,665
down €129,665 (-41.2%), from €314,509 to €184,844
of which Trade receivables: -€116,849
- Cash +€56,482
up €56,482 (+64.2%), from €88,034 to €144,516
mainly Net result for the year (+€192,658) and Receivables within one year (+€129,665)
- Tangible fixed assets +€32,723
up €32,723 (+50.6%), from €64,724 to €97,447
of which Furniture and vehicles: +€43,337
Equity and liabilities
- Trade debts -€27,270
down €27,270 (-46.0%), from €59,332 to €32,062
- Advances received -€24,774
down €24,774 (-33.2%), from €74,588 to €49,814
- Other debts -€22,979
down €22,979 (-12.9%), from €178,479 to €155,500
- Debts after one year +€22,891
up €22,891 (+1,245%), from €1,838 to €24,729
- Tax, wage and social debts +€14,592
up €14,592 (+52.4%), from €27,840 to €42,432
of which Remuneration and social security: +€12,679
Income statement
- Staff costs +€112,400
up €112,400 (+38.1%), from €295,075 to €407,474
- Gross operating margin +€89,288
up €89,288 (+16.2%), from €550,876 to €640,165
- Depreciation +€8,193
up €8,193 (+37.4%), from €21,884 to €30,077
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
€216,340
Gross operating margin
+€89,288
Staff costs
-€112,400
Depreciation
-€8,193
Other operating charges
+€2,823
Financial income
-€555
Financial charges
+€3,641
Taxes
+€1,712
Result 2025
€192,658
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
+€289,697
Investment
-€61,600
Financing
-€171,615
Cash 2024
€88,034
From operations (derived)
+€289,697
Net result for the year
+€192,658
Depreciation
+€30,077
Stocks and contracts
-€3,145
Receivables within one year
+€129,665
Deferred charges and accrued income
-€369
Trade debts
-€27,270
Tax, wage and social debts
+€14,592
Advances received
-€24,774
Other debts
-€22,979
Accrued charges and deferred income
+€1,242
Investment (derived)
-€61,600
Investment in fixed assets (net)
-€61,600
Financing
-€171,615
Debts after one year
+€22,891
Current portion of long-term debt
+€995
Contributions, distributions and other
-€195,500
Cash 2025
€144,516
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €715,110 | €676,964 | -€38,146 | -5.3% |
| Fixed assets | 21/28 | €69,211 | €100,734 | +€31,523 | +45.5% |
| Intangible fixed assets | 21 | €4,488 | €3,288 | -€1,200 | -26.7% |
| Tangible fixed assets | 22/27 | €64,724 | €97,447 | +€32,723 | +50.6% |
| Plant, machinery and equipment | 23 | €27,801 | €18,525 | -€9,275 | -33.4% |
| Furniture and vehicles | 24 | €35,584 | €78,921 | +€43,337 | +122% |
| Leasing and similar rights | 25 | €1,339 | €0 | -€1,339 | -100% |
| Financial fixed assets | 28 | €0 | - | = | |
| Current assets | 29/58 | €645,899 | €576,230 | -€69,669 | -10.8% |
| Stocks and contracts in progress | 3 | €225,698 | €228,843 | +€3,145 | +1.4% |
| Stocks | 30/36 | €225,698 | €228,843 | +€3,145 | +1.4% |
| Amounts receivable within one year | 40/41 | €314,509 | €184,844 | -€129,665 | -41.2% |
| Trade receivables | 40 | €267,524 | €150,675 | -€116,849 | -43.7% |
| Other amounts receivable | 41 | €46,985 | €34,169 | -€12,816 | -27.3% |
| Cash at bank and in hand | 54/58 | €88,034 | €144,516 | +€56,482 | +64.2% |
| Deferred charges and accrued income | 490/1 | €17,657 | €18,026 | +€369 | +2.1% |
| Total equity and liabilities | 10/49 | €715,110 | €676,964 | -€38,146 | -5.3% |
| Equity | 10/15 | €366,245 | €363,403 | -€2,842 | -0.8% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €353,845 | €351,003 | -€2,842 | -0.8% |
| Distributable reserves | 133 | €353,845 | €351,003 | -€2,842 | -0.8% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €348,865 | €313,561 | -€35,303 | -10.1% |
| Amounts payable after more than one year | 17 | €1,838 | €24,729 | +€22,891 | +1,245% |
| Financial debts | 170/4 | €1,838 | €24,729 | +€22,891 | +1,245% |
| Amounts payable within one year | 42/48 | €347,027 | €287,591 | -€59,436 | -17.1% |
| Current portion of amounts payable after more than one year | 42 | €6,787 | €7,782 | +€995 | +14.7% |
| Trade debts | 44 | €59,332 | €32,062 | -€27,270 | -46.0% |
| Suppliers | 440/4 | €59,332 | €32,062 | -€27,270 | -46.0% |
| Advances received on contracts in progress | 46 | €74,588 | €49,814 | -€24,774 | -33.2% |
| Taxes, remuneration and social security | 45 | €27,840 | €42,432 | +€14,592 | +52.4% |
| Taxes | 450/3 | €87 | €2,000 | +€1,913 | +2,203% |
| Remuneration and social security | 454/9 | €27,753 | €40,433 | +€12,679 | +45.7% |
| Other amounts payable | 47/48 | €178,479 | €155,500 | -€22,979 | -12.9% |
| Accrued charges and deferred income | 492/3 | - | €1,242 | +€1,242 | |
| Remuneration, social security and pensions | 62 | €295,075 | €407,474 | +€112,400 | +38.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,884 | €30,077 | +€8,193 | +37.4% |
| Other operating charges | 640/8 | €4,691 | €1,868 | -€2,823 | -60.2% |
| Gross operating margin | 9900 | €550,876 | €640,165 | +€89,288 | +16.2% |
| Operating profit (loss) | 9901 | €229,226 | €200,745 | -€28,481 | -12.4% |
| Financial income | 75/76B | €10,415 | €9,861 | -€555 | -5.3% |
| Recurring financial income | 75 | €10,415 | €9,861 | -€555 | -5.3% |
| Financial charges | 65/66B | €7,011 | €3,370 | -€3,641 | -51.9% |
| Recurring financial charges | 65 | €7,011 | €3,370 | -€3,641 | -51.9% |
| Profit (loss) for the period before taxes | 9903 | €232,630 | €207,236 | -€25,395 | -10.9% |
| Income taxes | 67/77 | €16,290 | €14,578 | -€1,712 | -10.5% |
| Profit (loss) for the period | 9904 | €216,340 | €192,658 | -€23,682 | -10.9% |
| Profit (loss) for the period to be appropriated | 9905 | €216,340 | €192,658 | -€23,682 | -10.9% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 4 November 2026 via checked.be.