MILON CONSULT: 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.
MILON CONSULT
Largest movements
- Current investments +€670,947
up €670,947 (+12.0%), from €5.6m to €6.2m
- Cash -€347,171
down €347,171 (-30.5%), from €1.1m to €791,979
mainly Current investments (-€670,947) and Contributions, distributions and other (-€6,913)
- Reserves +€324,973
up €324,973 (+7.9%), from €4.1m to €4.4m
of which Distributable reserves: +€308,379
- Taxes +€26,794
up €26,794 (+24.4%), from €109,881 to €136,675
- Staff costs +€21,511
up €21,511 (+6.1%), from €353,451 to €374,962
- Financial income +€14,652
up €14,652 (+7.2%), from €203,251 to €217,903
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 | €6,707,463 | €7,031,246 | +€323,783 | +4.8% |
| Current assets | 29/58 | €6,707,463 | €7,031,246 | +€323,783 | +4.8% |
| Current investments | 50/53 | €5,568,313 | €6,239,260 | +€670,947 | +12.0% |
| Cash at bank and in hand | 54/58 | €1,139,150 | €791,979 | -€347,171 | -30.5% |
| Deferred charges and accrued income | 490/1 | - | €7 | +€7 | |
| Total equity and liabilities | 10/49 | €6,707,463 | €7,031,246 | +€323,783 | +4.8% |
| Equity | 10/15 | €6,605,298 | €6,930,271 | +€324,973 | +4.9% |
| Contributions | 10/11 | €2,501,545 | €2,501,545 | = | 0.0% |
| Capital | 10 | €2,501,545 | €2,501,545 | = | 0.0% |
| Issued capital | 100 | €2,501,545 | €2,501,545 | = | 0.0% |
| Reserves | 13 | €4,103,753 | €4,428,726 | +€324,973 | +7.9% |
| Non-distributable reserves | 130/1 | €193,180 | €209,774 | +€16,594 | +8.6% |
| Legal reserve | 130 | €193,180 | €209,774 | +€16,594 | +8.6% |
| Distributable reserves | 133 | €3,910,573 | €4,218,952 | +€308,379 | +7.9% |
| Amounts payable | 17/49 | €102,165 | €100,975 | -€1,190 | -1.2% |
| Amounts payable within one year | 42/48 | €95,430 | €100,975 | +€5,545 | +5.8% |
| Trade debts | 44 | €917 | €713 | -€204 | -22.2% |
| Suppliers | 440/4 | €917 | €713 | -€204 | -22.2% |
| Taxes, remuneration and social security | 45 | €94,513 | €93,349 | -€1,164 | -1.2% |
| Taxes | 450/3 | €46,689 | €43,924 | -€2,765 | -5.9% |
| Remuneration and social security | 454/9 | €47,824 | €49,425 | +€1,601 | +3.3% |
| Other amounts payable | 47/48 | - | €6,913 | +€6,913 | |
| Accrued charges and deferred income | 492/3 | €6,735 | - | -€6,735 | |
| Remuneration, social security and pensions | 62 | €353,451 | €374,962 | +€21,511 | +6.1% |
| Other operating charges | 640/8 | €2,806 | €2,846 | +€40 | +1.4% |
| Gross operating margin | 9900 | €630,876 | €634,656 | +€3,780 | +0.6% |
| Operating profit (loss) | 9901 | €274,619 | €256,848 | -€17,771 | -6.5% |
| Financial income | 75/76B | €203,251 | €217,903 | +€14,652 | +7.2% |
| Recurring financial income | 75 | €203,251 | €217,903 | +€14,652 | +7.2% |
| Financial charges | 65/66B | €3,516 | €6,190 | +€2,674 | +76.1% |
| Recurring financial charges | 65 | €3,516 | €6,190 | +€2,674 | +76.1% |
| Profit (loss) for the period before taxes | 9903 | €474,354 | €468,561 | -€5,793 | -1.2% |
| Income taxes | 67/77 | €109,881 | €136,675 | +€26,794 | +24.4% |
| Profit (loss) for the period | 9904 | €364,473 | €331,886 | -€32,587 | -8.9% |
| Profit (loss) for the period to be appropriated | 9905 | €364,473 | €331,886 | -€32,587 | -8.9% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.