MILS: 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.
MILS
Largest movements
- Financial fixed assets -€9,900
no longer reported in 2025 (was €9,900)
- Receivables after one year +€9,900
new in 2025: €9,900
- Tangible fixed assets -€6,532
down €6,532 (-11.5%), from €56,799 to €50,267
- Receivables within one year -€5,035
down €5,035 (-45.6%), from €11,042 to €6,007
of which Other amounts receivable: -€6,829
- Cash -€1,779
down €1,779 (-6.8%), from €26,335 to €24,557
mainly Other debts (-€43,257) and Accrued charges and deferred income (-€12,247)
- Other debts -€43,257
down €43,257 (-64.4%), from €67,180 to €23,923
- Reserves +€17,057
up €17,057 (+189.2%), from €9,015 to €26,072
- Trade debts +€14,874
up €14,874 (+447.9%), from €3,321 to €18,195
- Accrued charges and deferred income -€12,247
down €12,247 (-80.3%), from €15,256 to €3,009
- Tax, wage and social debts +€9,511
up €9,511 (+54.0%), from €17,597 to €27,108
of which Remuneration and social security: +€5,592
- Staff costs -€35,195
down €35,195 (-23.2%), from €151,696 to €116,501
- Gross operating margin -€23,911
down €23,911 (-13.6%), from €176,381 to €152,471
- Taxes +€5,472
up €5,472 (+324.6%), from €1,686 to €7,158
- Depreciation -€4,381
down €4,381 (-38.3%), from €11,432 to €7,052
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 | €115,869 | €102,171 | -€13,697 | -11.8% |
| Fixed assets | 21/28 | €66,699 | €50,267 | -€16,432 | -24.6% |
| Tangible fixed assets | 22/27 | €56,799 | €50,267 | -€6,532 | -11.5% |
| Plant, machinery and equipment | 23 | €26,284 | €23,708 | -€2,575 | -9.8% |
| Furniture and vehicles | 24 | €9,686 | €8,532 | -€1,154 | -11.9% |
| Other tangible fixed assets | 26 | €20,829 | €18,026 | -€2,803 | -13.5% |
| Financial fixed assets | 28 | €9,900 | - | -€9,900 | |
| Current assets | 29/58 | €49,170 | €51,905 | +€2,734 | +5.6% |
| Amounts receivable after more than one year | 29 | - | €9,900 | +€9,900 | |
| Other amounts receivable | 291 | - | €9,900 | +€9,900 | |
| Stocks and contracts in progress | 3 | €6,451 | €5,926 | -€524 | -8.1% |
| Stocks | 30/36 | €6,451 | €5,926 | -€524 | -8.1% |
| Amounts receivable within one year | 40/41 | €11,042 | €6,007 | -€5,035 | -45.6% |
| Trade receivables | 40 | €1,981 | €3,776 | +€1,794 | +90.6% |
| Other amounts receivable | 41 | €9,061 | €2,232 | -€6,829 | -75.4% |
| Cash at bank and in hand | 54/58 | €26,335 | €24,557 | -€1,779 | -6.8% |
| Deferred charges and accrued income | 490/1 | €5,343 | €5,515 | +€172 | +3.2% |
| Total equity and liabilities | 10/49 | €115,869 | €102,171 | -€13,697 | -11.8% |
| Equity | 10/15 | €12,515 | €29,572 | +€17,057 | +136.3% |
| Contributions | 10/11 | €3,500 | €3,500 | = | 0.0% |
| Reserves | 13 | €9,015 | €26,072 | +€17,057 | +189.2% |
| Distributable reserves | 133 | €9,015 | €26,072 | +€17,057 | +189.2% |
| Amounts payable | 17/49 | €103,354 | €72,599 | -€30,754 | -29.8% |
| Amounts payable within one year | 42/48 | €88,098 | €69,590 | -€18,508 | -21.0% |
| Trade debts | 44 | €3,321 | €18,195 | +€14,874 | +447.9% |
| Suppliers | 440/4 | €3,321 | €18,195 | +€14,874 | +447.9% |
| Advances received on contracts in progress | 46 | - | €365 | +€365 | |
| Taxes, remuneration and social security | 45 | €17,597 | €27,108 | +€9,511 | +54.0% |
| Taxes | 450/3 | €10,133 | €14,051 | +€3,918 | +38.7% |
| Remuneration and social security | 454/9 | €7,465 | €13,057 | +€5,592 | +74.9% |
| Other amounts payable | 47/48 | €67,180 | €23,923 | -€43,257 | -64.4% |
| Accrued charges and deferred income | 492/3 | €15,256 | €3,009 | -€12,247 | -80.3% |
| Remuneration, social security and pensions | 62 | €151,696 | €116,501 | -€35,195 | -23.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,432 | €7,052 | -€4,381 | -38.3% |
| Other operating charges | 640/8 | €2,815 | €1,311 | -€1,505 | -53.5% |
| Non-recurring operating charges | 66A | - | €2,216 | +€2,216 | |
| Gross operating margin | 9900 | €176,381 | €152,471 | -€23,911 | -13.6% |
| Operating profit (loss) | 9901 | €10,437 | €25,392 | +€14,954 | +143.3% |
| Financial income | 75/76B | €456 | €532 | +€76 | +16.7% |
| Recurring financial income | 75 | €456 | €532 | +€76 | +16.7% |
| Financial charges | 65/66B | €193 | €1,709 | +€1,516 | +786.2% |
| Recurring financial charges | 65 | €193 | €1,709 | +€1,516 | +786.2% |
| Profit (loss) for the period before taxes | 9903 | €10,701 | €24,215 | +€13,514 | +126.3% |
| Income taxes | 67/77 | €1,686 | €7,158 | +€5,472 | +324.6% |
| Profit (loss) for the period | 9904 | €9,015 | €17,057 | +€8,042 | +89.2% |
| Profit (loss) for the period to be appropriated | 9905 | €9,015 | €17,057 | +€8,042 | +89.2% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.