MILO'S: 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'S
Largest movements
- Receivables within one year +€2,385
up €2,385 (+152.6%), from €1,563 to €3,948
of which Trade receivables: +€1,734
- Tangible fixed assets -€1,313
down €1,313 (-15.6%), from €8,444 to €7,131
- Cash +€391
up €391 (+22.7%), from €1,722 to €2,114
mainly Other debts (+€18,448) and Depreciation (+€2,400)
- Deferred charges and accrued income -€256
down €256 (-94.9%), from €270 to €14
- Other debts +€18,448
up €18,448 (+111.5%), from €16,541 to €34,989
- Current portion of long-term debt -€10,425
no longer reported in 2025 (was €10,425)
- Accrued charges and deferred income -€7,245
no longer reported in 2025 (was €7,245)
- Profit (loss) carried forward +€1,658
up €1,658 (+6.3%), from -€26,140 to -€24,482
- Trade debts -€1,020
down €1,020 (-50.5%), from €2,019 to €999
- Gross operating margin +€8,242
up €8,242, from -€2,570 to €5,671
- Staff costs -€873
down €873 (-61.4%), from €1,421 to €548
- Financial charges -€657
down €657 (-58.5%), from €1,123 to €467
- Depreciation +€244
up €244 (+11.3%), from €2,156 to €2,400
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 | €16,500 | €17,706 | +€1,206 | +7.3% |
| Fixed assets | 21/28 | €12,944 | €11,631 | -€1,313 | -10.1% |
| Tangible fixed assets | 22/27 | €8,444 | €7,131 | -€1,313 | -15.6% |
| Plant, machinery and equipment | 23 | €8,444 | €7,131 | -€1,313 | -15.6% |
| Financial fixed assets | 28 | €4,500 | €4,500 | = | 0.0% |
| Current assets | 29/58 | €3,556 | €6,075 | +€2,520 | +70.9% |
| Amounts receivable within one year | 40/41 | €1,563 | €3,948 | +€2,385 | +152.6% |
| Trade receivables | 40 | €703 | €2,437 | +€1,734 | +246.8% |
| Other amounts receivable | 41 | €861 | €1,511 | +€651 | +75.6% |
| Cash at bank and in hand | 54/58 | €1,722 | €2,114 | +€391 | +22.7% |
| Deferred charges and accrued income | 490/1 | €270 | €14 | -€256 | -94.9% |
| Total equity and liabilities | 10/49 | €16,500 | €17,706 | +€1,206 | +7.3% |
| Equity | 10/15 | -€19,940 | -€18,282 | +€1,658 | +8.3% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€26,140 | -€24,482 | +€1,658 | +6.3% |
| Amounts payable | 17/49 | €36,439 | €35,988 | -€452 | -1.2% |
| Amounts payable within one year | 42/48 | €29,195 | €35,988 | +€6,793 | +23.3% |
| Current portion of amounts payable after more than one year | 42 | €10,425 | - | -€10,425 | |
| Trade debts | 44 | €2,019 | €999 | -€1,020 | -50.5% |
| Suppliers | 440/4 | €2,019 | €999 | -€1,020 | -50.5% |
| Taxes, remuneration and social security | 45 | €209 | - | -€209 | |
| Taxes | 450/3 | €158 | - | -€158 | |
| Remuneration and social security | 454/9 | €52 | - | -€52 | |
| Other amounts payable | 47/48 | €16,541 | €34,989 | +€18,448 | +111.5% |
| Accrued charges and deferred income | 492/3 | €7,245 | - | -€7,245 | |
| Remuneration, social security and pensions | 62 | €1,421 | €548 | -€873 | -61.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,156 | €2,400 | +€244 | +11.3% |
| Other operating charges | 640/8 | €587 | €600 | +€12 | +2.1% |
| Gross operating margin | 9900 | -€2,570 | €5,671 | +€8,242 | |
| Operating profit (loss) | 9901 | -€6,734 | €2,124 | +€8,858 | |
| Financial income | 75/76B | €7 | €1 | -€6 | -85.8% |
| Recurring financial income | 75 | €7 | €1 | -€6 | -85.8% |
| Financial charges | 65/66B | €1,123 | €467 | -€657 | -58.5% |
| Recurring financial charges | 65 | €1,123 | €467 | -€657 | -58.5% |
| Profit (loss) for the period before taxes | 9903 | -€7,850 | €1,658 | +€9,508 | |
| Profit (loss) for the period | 9904 | -€7,850 | €1,658 | +€9,508 | |
| Profit (loss) for the period to be appropriated | 9905 | -€7,850 | €1,658 | +€9,508 |
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 1 October 2026 via checked.be.