MILRIC: 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.
MILRIC
Largest movements
- Cash -€46,708
down €46,708 (-81.8%), from €57,076 to €10,368
mainly Trade debts (-€23,790) and Net result for the year (-€20,783)
- Receivables within one year +€2,257
up €2,257 (+1.7%), from €129,384 to €131,642
of which Other amounts receivable: +€5,653
- Trade debts -€23,790
down €23,790 (-28.6%), from €83,249 to €59,458
of which Bills of exchange payable: -€41,612
- Profit (loss) carried forward -€20,783
down €20,783 (-25.4%), from €81,837 to €61,054
- Purchases and services -€137,443
down €137,443 (-20.2%), from €679,470 to €542,027
- Turnover -€134,529
down €134,529 (-18.6%), from €724,197 to €589,668
- Other operating charges +€70,349
new in 2025: €70,349
- Taxes -€9,058
no longer reported in 2025 (was €9,058)
- Gross operating margin +€8,183
up €8,183 (+18.9%), from €43,307 to €51,490
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 | €189,751 | €145,177 | -€44,573 | -23.5% |
| Fixed assets | 21/28 | €3,290 | €3,168 | -€123 | -3.7% |
| Tangible fixed assets | 22/27 | €3,290 | €3,168 | -€123 | -3.7% |
| Furniture and vehicles | 24 | €3,290 | €3,168 | -€123 | -3.7% |
| Current assets | 29/58 | €186,460 | €142,010 | -€44,451 | -23.8% |
| Amounts receivable within one year | 40/41 | €129,384 | €131,642 | +€2,257 | +1.7% |
| Trade receivables | 40 | €56,307 | €52,911 | -€3,396 | -6.0% |
| Other amounts receivable | 41 | €73,078 | €78,731 | +€5,653 | +7.7% |
| Cash at bank and in hand | 54/58 | €57,076 | €10,368 | -€46,708 | -81.8% |
| Total equity and liabilities | 10/49 | €189,751 | €145,177 | -€44,573 | -23.5% |
| Equity | 10/15 | €81,837 | €61,054 | -€20,783 | -25.4% |
| Profit (loss) carried forward | 14 | €81,837 | €61,054 | -€20,783 | -25.4% |
| Amounts payable | 17/49 | €107,913 | €84,123 | -€23,790 | -22.0% |
| Amounts payable within one year | 42/48 | €107,913 | €84,123 | -€23,790 | -22.0% |
| Trade debts | 44 | €83,249 | €59,458 | -€23,790 | -28.6% |
| Suppliers | 440/4 | €41,636 | €59,458 | +€17,822 | +42.8% |
| Bills of exchange payable | 441 | €41,612 | - | -€41,612 | |
| Taxes, remuneration and social security | 45 | €9,105 | €9,105 | = | 0.0% |
| Taxes | 450/3 | €9,105 | €9,105 | = | 0.0% |
| Other amounts payable | 47/48 | €15,560 | €15,560 | = | 0.0% |
| Turnover | 70 | €724,197 | €589,668 | -€134,529 | -18.6% |
| Goods, raw materials, services and sundry goods | 60/61 | €679,470 | €542,027 | -€137,443 | -20.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €651 | €1,239 | +€588 | +90.3% |
| Other operating charges | 640/8 | - | €70,349 | +€70,349 | |
| Gross operating margin | 9900 | €43,307 | €51,490 | +€8,183 | +18.9% |
| Operating profit (loss) | 9901 | €42,656 | -€20,097 | -€62,754 | |
| Financial charges | 65/66B | €1,341 | €686 | -€655 | -48.9% |
| Recurring financial charges | 65 | €1,341 | €686 | -€655 | -48.9% |
| Profit (loss) for the period before taxes | 9903 | €41,316 | -€20,783 | -€62,098 | |
| Income taxes | 67/77 | €9,058 | - | -€9,058 | |
| Profit (loss) for the period | 9904 | €32,258 | -€20,783 | -€53,041 | |
| Profit (loss) for the period to be appropriated | 9905 | €32,258 | -€20,783 | -€53,041 |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.