MILORDUST: 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.
MILORDUST
Largest movements
- Tangible fixed assets +€1,770
up €1,770 (+134.7%), from €1,314 to €3,084
of which Plant, machinery and equipment: +€2,208
- Deferred charges and accrued income +€1,470
new in 2025: €1,470
- Cash -€1,315
down €1,315 (-9.9%), from €13,306 to €11,990
mainly Investment in fixed assets (net) (-€2,760) and Net result for the year (-€2,001)
- Current investments -€456
no longer reported in 2025 (was €456)
- Trade debts +€2,737
new in 2025: €2,737
- Other debts +€2,215
new in 2025: €2,215
- Profit (loss) carried forward -€2,001
down €2,001 (-0.8%), from -€238,649 to -€240,650
- Tax, wage and social debts -€1,491
down €1,491 (-74.1%), from €2,013 to €522
- Purchases and services +€5,518
up €5,518 (+8.0%), from €68,904 to €74,422
- Turnover +€3,303
up €3,303 (+4.5%), from €72,783 to €76,087
- Gross operating margin -€2,214
down €2,214 (-57.1%), from €3,880 to €1,665
- Depreciation +€990
new in 2025: €990
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 | €16,326 | €17,786 | +€1,460 | +8.9% |
| Fixed assets | 21/28 | €2,556 | €4,326 | +€1,770 | +69.2% |
| Tangible fixed assets | 22/27 | €1,314 | €3,084 | +€1,770 | +134.7% |
| Plant, machinery and equipment | 23 | - | €2,208 | +€2,208 | |
| Furniture and vehicles | 24 | €1,314 | €876 | -€438 | -33.3% |
| Financial fixed assets | 28 | €1,242 | €1,242 | = | 0.0% |
| Current assets | 29/58 | €13,770 | €13,460 | -€310 | -2.3% |
| Amounts receivable within one year | 40/41 | €8 | - | -€8 | |
| Other amounts receivable | 41 | €8 | - | -€8 | |
| Current investments | 50/53 | €456 | - | -€456 | |
| Cash at bank and in hand | 54/58 | €13,306 | €11,990 | -€1,315 | -9.9% |
| Deferred charges and accrued income | 490/1 | - | €1,470 | +€1,470 | |
| Total equity and liabilities | 10/49 | €16,326 | €17,786 | +€1,460 | +8.9% |
| Equity | 10/15 | -€219,912 | -€221,914 | -€2,001 | -0.9% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €144 | €144 | = | 0.0% |
| Non-distributable reserves | 130/1 | €144 | €144 | = | 0.0% |
| Reserves not available under the articles | 1311 | €144 | €144 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€238,649 | -€240,650 | -€2,001 | -0.8% |
| Amounts payable | 17/49 | €236,239 | €239,700 | +€3,461 | +1.5% |
| Amounts payable after more than one year | 17 | €234,226 | €234,226 | = | 0.0% |
| Other amounts payable | 178/9 | €234,226 | €234,226 | = | 0.0% |
| Amounts payable within one year | 42/48 | €2,013 | €5,474 | +€3,461 | +172.0% |
| Trade debts | 44 | - | €2,737 | +€2,737 | |
| Suppliers | 440/4 | - | €2,737 | +€2,737 | |
| Taxes, remuneration and social security | 45 | €2,013 | €522 | -€1,491 | -74.1% |
| Taxes | 450/3 | €2,013 | €522 | -€1,491 | -74.1% |
| Other amounts payable | 47/48 | - | €2,215 | +€2,215 | |
| Turnover | 70 | €72,783 | €76,087 | +€3,303 | +4.5% |
| Goods, raw materials, services and sundry goods | 60/61 | €68,904 | €74,422 | +€5,518 | +8.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €990 | +€990 | |
| Other operating charges | 640/8 | €709 | €810 | +€100 | +14.1% |
| Gross operating margin | 9900 | €3,880 | €1,665 | -€2,214 | -57.1% |
| Operating profit (loss) | 9901 | €3,170 | -€134 | -€3,305 | |
| Financial income | 75/76B | €4 | €8 | +€4 | +89.1% |
| Recurring financial income | 75 | €4 | €8 | +€4 | +89.1% |
| Financial charges | 65/66B | €960 | €821 | -€138 | -14.4% |
| Recurring financial charges | 65 | €960 | €695 | -€265 | -27.6% |
| Non-recurring financial charges | 66B | - | €127 | +€127 | |
| Profit (loss) for the period before taxes | 9903 | €2,215 | -€948 | -€3,163 | |
| Income taxes | 67/77 | €840 | €1,053 | +€213 | +25.4% |
| Profit (loss) for the period | 9904 | €1,375 | -€2,001 | -€3,376 | |
| Profit (loss) for the period to be appropriated | 9905 | €1,375 | -€2,001 | -€3,376 |
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 10 October 2026 via checked.be.