MILOTTE: what changed
MILOTTE
Largest movements
- Receivables within one year +€67,122
up €67,122 (+536%), from €12,512 to €79,635
of which Trade receivables: +€64,608
- Deferred charges and accrued income +€13,977
new in 2025: €13,977
- Cash -€10,196
down €10,196 (-78.6%), from €12,977 to €2,780
mainly Receivables within one year (-€67,122) and Deferred charges and accrued income (-€13,977)
- Reserves +€66,795
up €66,795 (+1,462%), from €4,570 to €71,365
- Other debts +€5,022
up €5,022 (+1,243%), from €404 to €5,426
- Tax, wage and social debts -€1,704
down €1,704 (-10.9%), from €15,636 to €13,932
of which Taxes: -€1,704
- Gross operating margin +€78,435
up €78,435 (+1,081%), from €7,253 to €85,689
- Taxes +€15,876
up €15,876 (+987%), from €1,609 to €17,486
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €25,489 | €96,392 | +€70,903 | +278% |
| Current assets | 29/58 | €25,489 | €96,392 | +€70,903 | +278% |
| Amounts receivable within one year | 40/41 | €12,512 | €79,635 | +€67,122 | +536% |
| Trade receivables | 40 | €12,512 | €77,120 | +€64,608 | +516% |
| Other amounts receivable | 41 | - | €2,515 | +€2,515 | |
| Cash at bank and in hand | 54/58 | €12,977 | €2,780 | -€10,196 | -78.6% |
| Deferred charges and accrued income | 490/1 | - | €13,977 | +€13,977 | |
| Total equity and liabilities | 10/49 | €25,489 | €96,392 | +€70,903 | +278% |
| Equity | 10/15 | €8,570 | €75,365 | +€66,795 | +779% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Reserves | 13 | €4,570 | €71,365 | +€66,795 | +1,462% |
| Distributable reserves | 133 | €4,570 | €71,365 | +€66,795 | +1,462% |
| Amounts payable | 17/49 | €16,920 | €21,028 | +€4,108 | +24.3% |
| Amounts payable within one year | 42/48 | €16,688 | €20,783 | +€4,094 | +24.5% |
| Trade debts | 44 | €649 | €1,425 | +€776 | +120% |
| Suppliers | 440/4 | €649 | €1,425 | +€776 | +120% |
| Taxes, remuneration and social security | 45 | €15,636 | €13,932 | -€1,704 | -10.9% |
| Taxes | 450/3 | €9,736 | €8,032 | -€1,704 | -17.5% |
| Remuneration and social security | 454/9 | €5,900 | €5,900 | = | 0.0% |
| Other amounts payable | 47/48 | €404 | €5,426 | +€5,022 | +1,243% |
| Accrued charges and deferred income | 492/3 | €231 | €245 | +€14 | +6.0% |
| Other operating charges | 640/8 | €995 | €1,198 | +€203 | +20.4% |
| Gross operating margin | 9900 | €7,253 | €85,689 | +€78,435 | +1,081% |
| Operating profit (loss) | 9901 | €6,258 | €84,491 | +€78,233 | +1,250% |
| Financial charges | 65/66B | €80 | €210 | +€130 | +163% |
| Recurring financial charges | 65 | €80 | €210 | +€130 | +163% |
| Profit (loss) for the period before taxes | 9903 | €6,179 | €84,281 | +€78,102 | +1,264% |
| Income taxes | 67/77 | €1,609 | €17,486 | +€15,876 | +987% |
| Profit (loss) for the period | 9904 | €4,570 | €66,795 | +€62,226 | +1,362% |
| Profit (loss) for the period to be appropriated | 9905 | €4,570 | €66,795 | +€62,226 | +1,362% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.