MILORA: 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.
MILORA
Largest movements
- Tangible fixed assets +€35,138
up €35,138 (+2,265%), from €1,552 to €36,689
of which Furniture and vehicles: +€29,364
- Receivables within one year +€32,067
up €32,067 (+53.2%), from €60,327 to €92,394
of which Trade receivables: +€32,175
- Cash -€29,052
down €29,052 (-7.9%), from €369,554 to €340,502
mainly Contributions, distributions and other (-€191,959) and Investment in fixed assets (net) (-€43,046)
- Other debts +€142,990
up €142,990 (+149%), from €95,754 to €238,744
- Reserves -€102,632
down €102,632 (-33.1%), from €309,726 to €207,094
- Gross operating margin +€12,353
up €12,353 (+11.5%), from €107,770 to €120,122
- Taxes -€7,791
down €7,791 (-25.9%), from €30,096 to €22,305
- Depreciation +€6,668
up €6,668 (+538%), from €1,240 to €7,908
- Financial charges +€2,378
up €2,378 (+1,318%), from €180 to €2,558
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 | €432,296 | €470,085 | +€37,790 | +8.7% |
| Fixed assets | 21/28 | €1,852 | €36,989 | +€35,138 | +1,898% |
| Tangible fixed assets | 22/27 | €1,552 | €36,689 | +€35,138 | +2,265% |
| Plant, machinery and equipment | 23 | €731 | €2,192 | +€1,461 | +200% |
| Furniture and vehicles | 24 | €820 | €30,184 | +€29,364 | +3,579% |
| Other tangible fixed assets | 26 | - | €4,313 | +€4,313 | |
| Financial fixed assets | 28 | €300 | €300 | = | 0.0% |
| Current assets | 29/58 | €430,444 | €433,096 | +€2,652 | +0.6% |
| Amounts receivable within one year | 40/41 | €60,327 | €92,394 | +€32,067 | +53.2% |
| Trade receivables | 40 | €59,378 | €91,553 | +€32,175 | +54.2% |
| Other amounts receivable | 41 | €949 | €841 | -€108 | -11.4% |
| Cash at bank and in hand | 54/58 | €369,554 | €340,502 | -€29,052 | -7.9% |
| Deferred charges and accrued income | 490/1 | €563 | €201 | -€363 | -64.4% |
| Total equity and liabilities | 10/49 | €432,296 | €470,085 | +€37,790 | +8.7% |
| Equity | 10/15 | €322,126 | €219,494 | -€102,632 | -31.9% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €309,726 | €207,094 | -€102,632 | -33.1% |
| Distributable reserves | 133 | €309,726 | €207,094 | -€102,632 | -33.1% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €110,169 | €250,591 | +€140,422 | +127% |
| Amounts payable within one year | 42/48 | €108,669 | €248,106 | +€139,437 | +128% |
| Trade debts | 44 | €2,046 | €1,832 | -€214 | -10.5% |
| Suppliers | 440/4 | €2,046 | €1,832 | -€214 | -10.5% |
| Taxes, remuneration and social security | 45 | €10,869 | €7,531 | -€3,338 | -30.7% |
| Taxes | 450/3 | €10,869 | €7,531 | -€3,338 | -30.7% |
| Other amounts payable | 47/48 | €95,754 | €238,744 | +€142,990 | +149% |
| Accrued charges and deferred income | 492/3 | €1,500 | €2,484 | +€984 | +65.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,240 | €7,908 | +€6,668 | +538% |
| Other operating charges | 640/8 | €677 | €372 | -€305 | -45.0% |
| Gross operating margin | 9900 | €107,770 | €120,122 | +€12,353 | +11.5% |
| Operating profit (loss) | 9901 | €105,852 | €111,842 | +€5,989 | +5.7% |
| Financial income | 75/76B | €1,217 | €2,348 | +€1,131 | +92.9% |
| Recurring financial income | 75 | €1,217 | €2,348 | +€1,131 | +92.9% |
| Financial charges | 65/66B | €180 | €2,558 | +€2,378 | +1,318% |
| Recurring financial charges | 65 | €180 | €2,558 | +€2,378 | +1,318% |
| Profit (loss) for the period before taxes | 9903 | €106,889 | €111,632 | +€4,743 | +4.4% |
| Income taxes | 67/77 | €30,096 | €22,305 | -€7,791 | -25.9% |
| Profit (loss) for the period | 9904 | €76,793 | €89,327 | +€12,534 | +16.3% |
| Profit (loss) for the period to be appropriated | 9905 | €76,793 | €89,327 | +€12,534 | +16.3% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 20 October 2026 via checked.be.