MILOU: 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.
MILOU
Largest movements
- Tangible fixed assets +€133,309
up €133,309 (+423.1%), from €31,508 to €164,817
of which Other tangible fixed assets: +€131,107
- Financial fixed assets +€67,744
up €67,744 (+5.1%), from €1.3m to €1.4m
- Receivables within one year +€24,918
up €24,918 (+96.4%), from €25,857 to €50,774
of which Other amounts receivable: +€30,823
- Other debts +€171,441
up €171,441 (+39.1%), from €437,927 to €609,368
- Tax, wage and social debts +€35,739
up €35,739 (+1295.4%), from €2,759 to €38,498
of which Taxes: +€35,139
- Gross operating margin -€14,851
down €14,851 (-37.7%), from €39,400 to €24,549
- Taxes -€4,717
down €4,717 (-54.5%), from €8,656 to €3,939
- Depreciation +€4,288
up €4,288 (+92.3%), from €4,646 to €8,934
- Financial income -€429
down €429 (-100.0%), from €429 to €0
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 | €1,628,843 | €1,848,205 | +€219,362 | +13.5% |
| Fixed assets | 21/28 | €1,360,321 | €1,561,375 | +€201,053 | +14.8% |
| Tangible fixed assets | 22/27 | €31,508 | €164,817 | +€133,309 | +423.1% |
| Land and buildings | 22 | €22,500 | €22,500 | = | 0.0% |
| Plant, machinery and equipment | 23 | €1,036 | €2,082 | +€1,046 | +101.0% |
| Furniture and vehicles | 24 | €7,972 | €9,129 | +€1,156 | +14.5% |
| Other tangible fixed assets | 26 | - | €131,107 | +€131,107 | |
| Financial fixed assets | 28 | €1,328,813 | €1,396,557 | +€67,744 | +5.1% |
| Current assets | 29/58 | €268,522 | €286,830 | +€18,308 | +6.8% |
| Amounts receivable within one year | 40/41 | €25,857 | €50,774 | +€24,918 | +96.4% |
| Trade receivables | 40 | €24,504 | €18,599 | -€5,905 | -24.1% |
| Other amounts receivable | 41 | €1,352 | €32,175 | +€30,823 | +2279.1% |
| Cash at bank and in hand | 54/58 | €7,565 | €10,031 | +€2,466 | +32.6% |
| Deferred charges and accrued income | 490/1 | €235,100 | €226,025 | -€9,075 | -3.9% |
| Total equity and liabilities | 10/49 | €1,628,843 | €1,848,205 | +€219,362 | +13.5% |
| Equity | 10/15 | €578,034 | €586,608 | +€8,574 | +1.5% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €571,834 | €580,408 | +€8,574 | +1.5% |
| Distributable reserves | 133 | €571,834 | €580,408 | +€8,574 | +1.5% |
| Amounts payable | 17/49 | €1,050,809 | €1,261,597 | +€210,788 | +20.1% |
| Amounts payable after more than one year | 17 | €600,000 | €600,000 | = | 0.0% |
| Other amounts payable | 178/9 | €600,000 | €600,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €450,809 | €661,597 | +€210,788 | +46.8% |
| Financial debts | 43 | €5,969 | €5,921 | -€48 | -0.8% |
| Credit institutions | 430/8 | €5,969 | €5,921 | -€48 | -0.8% |
| Trade debts | 44 | €4,154 | €7,809 | +€3,655 | +88.0% |
| Suppliers | 440/4 | €4,154 | €7,809 | +€3,655 | +88.0% |
| Taxes, remuneration and social security | 45 | €2,759 | €38,498 | +€35,739 | +1295.4% |
| Taxes | 450/3 | €2,759 | €37,898 | +€35,139 | +1273.7% |
| Remuneration and social security | 454/9 | - | €600 | +€600 | |
| Other amounts payable | 47/48 | €437,927 | €609,368 | +€171,441 | +39.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,646 | €8,934 | +€4,288 | +92.3% |
| Other operating charges | 640/8 | €2,788 | €2,754 | -€35 | -1.2% |
| Gross operating margin | 9900 | €39,400 | €24,549 | -€14,851 | -37.7% |
| Operating profit (loss) | 9901 | €31,966 | €12,862 | -€19,104 | -59.8% |
| Financial income | 75/76B | €429 | €0 | -€429 | -100.0% |
| Recurring financial income | 75 | €429 | €0 | -€429 | -100.0% |
| Financial charges | 65/66B | €639 | €349 | -€291 | -45.5% |
| Recurring financial charges | 65 | €639 | €349 | -€291 | -45.5% |
| Profit (loss) for the period before taxes | 9903 | €31,755 | €12,513 | -€19,242 | -60.6% |
| Income taxes | 67/77 | €8,656 | €3,939 | -€4,717 | -54.5% |
| Profit (loss) for the period | 9904 | €23,100 | €8,574 | -€14,526 | -62.9% |
| Profit (loss) for the period to be appropriated | 9905 | €23,100 | €8,574 | -€14,526 | -62.9% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.