MILONO: 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.
MILONO
Largest movements
- Cash +€64,730
up €64,730 (+38.4%), from €168,747 to €233,478
mainly Receivables within one year (+€61,109) and Tax, wage and social debts (+€29,465)
- Receivables within one year -€61,109
down €61,109 (-41.3%), from €147,868 to €86,758
of which Trade receivables: -€65,436
- Trade debts -€76,939
down €76,939 (-80.2%), from €95,887 to €18,948
- Tax, wage and social debts +€29,465
up €29,465 (+41.8%), from €70,454 to €99,919
of which Remuneration and social security: +€34,479
- Other debts +€18,332
up €18,332 (+23.5%), from €78,080 to €96,412
- Reserves +€17,273
up €17,273 (+61.1%), from €28,292 to €45,566
- Debts after one year +€16,570
up €16,570 (+58.3%), from €28,440 to €45,010
- Other operating charges -€125,603
down €125,603 (-75.8%), from €165,663 to €40,060
- Staff costs +€115,903
up €115,903 (+23.1%), from €500,718 to €616,622
- Gross operating margin +€51,786
up €51,786 (+8.2%), from €632,860 to €684,646
- Financial charges +€7,417
up €7,417 (+298.2%), from €2,487 to €9,904
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 | €322,553 | €324,855 | +€2,302 | +0.7% |
| Fixed assets | 21/28 | €5,938 | €4,254 | -€1,684 | -28.4% |
| Tangible fixed assets | 22/27 | €5,938 | €4,254 | -€1,684 | -28.4% |
| Plant, machinery and equipment | 23 | €1,499 | €892 | -€607 | -40.5% |
| Furniture and vehicles | 24 | €4,439 | €3,361 | -€1,077 | -24.3% |
| Current assets | 29/58 | €316,615 | €320,601 | +€3,986 | +1.3% |
| Amounts receivable within one year | 40/41 | €147,868 | €86,758 | -€61,109 | -41.3% |
| Trade receivables | 40 | €113,958 | €48,522 | -€65,436 | -57.4% |
| Other amounts receivable | 41 | €33,910 | €38,236 | +€4,326 | +12.8% |
| Cash at bank and in hand | 54/58 | €168,747 | €233,478 | +€64,730 | +38.4% |
| Deferred charges and accrued income | 490/1 | €0 | €365 | +€365 | |
| Total equity and liabilities | 10/49 | €322,553 | €324,855 | +€2,302 | +0.7% |
| Equity | 10/15 | €29,292 | €46,566 | +€17,273 | +59.0% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €28,292 | €45,566 | +€17,273 | +61.1% |
| Distributable reserves | 133 | €28,292 | €45,566 | +€17,273 | +61.1% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €293,260 | €278,289 | -€14,972 | -5.1% |
| Amounts payable after more than one year | 17 | €28,440 | €45,010 | +€16,570 | +58.3% |
| Financial debts | 170/4 | €28,440 | €45,010 | +€16,570 | +58.3% |
| Amounts payable within one year | 42/48 | €264,821 | €233,279 | -€31,542 | -11.9% |
| Current portion of amounts payable after more than one year | 42 | €20,400 | €18,000 | -€2,400 | -11.8% |
| Trade debts | 44 | €95,887 | €18,948 | -€76,939 | -80.2% |
| Suppliers | 440/4 | €95,887 | €18,948 | -€76,939 | -80.2% |
| Taxes, remuneration and social security | 45 | €70,454 | €99,919 | +€29,465 | +41.8% |
| Taxes | 450/3 | €6,146 | €1,131 | -€5,014 | -81.6% |
| Remuneration and social security | 454/9 | €64,308 | €98,787 | +€34,479 | +53.6% |
| Other amounts payable | 47/48 | €78,080 | €96,412 | +€18,332 | +23.5% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €500,718 | €616,622 | +€115,903 | +23.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €357 | €1,684 | +€1,327 | +371.5% |
| Other operating charges | 640/8 | €165,663 | €40,060 | -€125,603 | -75.8% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €632,860 | €684,646 | +€51,786 | +8.2% |
| Operating profit (loss) | 9901 | -€33,879 | €26,280 | +€60,159 | |
| Financial income | 75/76B | €0 | €1,085 | +€1,085 | |
| Recurring financial income | 75 | €0 | €1,085 | +€1,085 | |
| Financial charges | 65/66B | €2,487 | €9,904 | +€7,417 | +298.2% |
| Recurring financial charges | 65 | €2,487 | €9,904 | +€7,417 | +298.2% |
| Profit (loss) for the period before taxes | 9903 | -€36,365 | €17,461 | +€53,827 | |
| Income taxes | 67/77 | €188 | €188 | -€0 | -0.1% |
| Profit (loss) for the period | 9904 | -€36,554 | €17,273 | +€53,827 | |
| Profit (loss) for the period to be appropriated | 9905 | -€36,554 | €17,273 | +€53,827 |
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 8 October 2026 via checked.be.