MILTA: 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.
MILTA
Largest movements
- Cash -€51,053
down €51,053 (-68.1%), from €74,962 to €23,909
mainly Net result for the year (-€68,496) and Trade debts (-€63,691)
- Intangible fixed assets +€50,317
up €50,317 (+2,470%), from €2,037 to €52,355
- Receivables within one year -€45,864
down €45,864 (-51.7%), from €88,775 to €42,910
of which Trade receivables: -€76,034
- Tangible fixed assets -€43,847
down €43,847 (-40.4%), from €108,456 to €64,609
of which Plant, machinery and equipment: -€27,206
- Receivables after one year -€11,059
no longer reported in 2024 (was €11,059)
- Profit (loss) carried forward -€68,496
down €68,496 (-28.4%), from €241,298 to €172,802
- Trade debts -€63,691
down €63,691 (-89.5%), from €71,156 to €7,465
- Other debts +€24,728
up €24,728 (+525%), from €4,713 to €29,441
- Tax, wage and social debts -€16,991
down €16,991 (-22.0%), from €77,058 to €60,067
of which Taxes: -€23,924
- Short-term financial debts +€12,511
new in 2024: €12,511
- Gross operating margin +€58,368
up €58,368 (+26.6%), from €219,664 to €278,032
- Staff costs +€34,402
up €34,402 (+13.8%), from €249,551 to €283,952
- Depreciation +€10,238
up €10,238 (+28.9%), from €35,423 to €45,662
- Financial charges +€7,521
up €7,521 (+196%), from €3,831 to €11,352
From the 2023 result to the 2024 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.
Derived cash bridge
Derived from the 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €402,286 | €290,348 | -€111,939 | -27.8% |
| Fixed assets | 21/28 | €116,493 | €122,964 | +€6,471 | +5.6% |
| Intangible fixed assets | 21 | €2,037 | €52,355 | +€50,317 | +2,470% |
| Tangible fixed assets | 22/27 | €108,456 | €64,609 | -€43,847 | -40.4% |
| Plant, machinery and equipment | 23 | €65,875 | €38,670 | -€27,206 | -41.3% |
| Furniture and vehicles | 24 | €15,401 | €6,406 | -€8,995 | -58.4% |
| Other tangible fixed assets | 26 | €27,180 | €19,533 | -€7,646 | -28.1% |
| Financial fixed assets | 28 | €6,000 | €6,000 | = | 0.0% |
| Current assets | 29/58 | €285,793 | €167,384 | -€118,409 | -41.4% |
| Amounts receivable after more than one year | 29 | €11,059 | - | -€11,059 | |
| Trade receivables | 290 | €11,059 | - | -€11,059 | |
| Stocks and contracts in progress | 3 | €109,491 | €99,631 | -€9,860 | -9.0% |
| Stocks | 30/36 | €109,491 | €99,631 | -€9,860 | -9.0% |
| Amounts receivable within one year | 40/41 | €88,775 | €42,910 | -€45,864 | -51.7% |
| Trade receivables | 40 | €81,737 | €5,703 | -€76,034 | -93.0% |
| Other amounts receivable | 41 | €7,038 | €37,207 | +€30,169 | +429% |
| Cash at bank and in hand | 54/58 | €74,962 | €23,909 | -€51,053 | -68.1% |
| Deferred charges and accrued income | 490/1 | €1,507 | €934 | -€573 | -38.0% |
| Total equity and liabilities | 10/49 | €402,286 | €290,348 | -€111,939 | -27.8% |
| Equity | 10/15 | €249,358 | €180,862 | -€68,496 | -27.5% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €241,298 | €172,802 | -€68,496 | -28.4% |
| Amounts payable | 17/49 | €152,928 | €109,485 | -€43,443 | -28.4% |
| Amounts payable within one year | 42/48 | €152,928 | €109,485 | -€43,443 | -28.4% |
| Financial debts | 43 | - | €12,511 | +€12,511 | |
| Credit institutions | 430/8 | - | €12,511 | +€12,511 | |
| Trade debts | 44 | €71,156 | €7,465 | -€63,691 | -89.5% |
| Suppliers | 440/4 | €71,156 | €7,465 | -€63,691 | -89.5% |
| Taxes, remuneration and social security | 45 | €77,058 | €60,067 | -€16,991 | -22.0% |
| Taxes | 450/3 | €24,373 | €449 | -€23,924 | -98.2% |
| Remuneration and social security | 454/9 | €52,685 | €59,619 | +€6,934 | +13.2% |
| Other amounts payable | 47/48 | €4,713 | €29,441 | +€24,728 | +525% |
| Remuneration, social security and pensions | 62 | €249,551 | €283,952 | +€34,402 | +13.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €35,423 | €45,662 | +€10,238 | +28.9% |
| Other operating charges | 640/8 | €5,700 | €7,082 | +€1,382 | +24.2% |
| Gross operating margin | 9900 | €219,664 | €278,032 | +€58,368 | +26.6% |
| Operating profit (loss) | 9901 | -€71,010 | -€58,663 | +€12,346 | +17.4% |
| Financial income | 75/76B | €3 | €1,969 | +€1,965 | +57,799% |
| Recurring financial income | 75 | €3 | €1,969 | +€1,965 | +57,799% |
| Financial charges | 65/66B | €3,831 | €11,352 | +€7,521 | +196% |
| Recurring financial charges | 65 | €3,831 | €11,352 | +€7,521 | +196% |
| Profit (loss) for the period before taxes | 9903 | -€74,837 | -€68,047 | +€6,790 | +9.1% |
| Income taxes | 67/77 | - | €449 | +€449 | |
| Profit (loss) for the period | 9904 | -€74,837 | -€68,496 | +€6,341 | +8.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€74,837 | -€68,496 | +€6,341 | +8.5% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 27 October 2026 via checked.be.