MILTEX: 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.
MILTEX
Largest movements
- Cash -€227
down €227 (-22.8%), from €996 to €769
mainly Net result for the year (-€19,003) and Receivables within one year (-€226)
- Receivables within one year +€226
up €226 (+17.6%), from €1,284 to €1,510
- Profit (loss) carried forward -€19,003
down €19,003 (-240.6%), from -€7,898 to -€26,901
- Tax, wage and social debts +€11,348
up €11,348 (+323.2%), from €3,511 to €14,859
of which Remuneration and social security: +€10,637
- Other debts +€5,597
up €5,597 (+107.5%), from €5,207 to €10,804
- Trade debts +€2,056
up €2,056 (+127.2%), from €1,617 to €3,673
- Staff costs +€21,452
up €21,452 (+113.7%), from €18,861 to €40,312
- Gross operating margin +€10,626
up €10,626 (+96.9%), from €10,969 to €21,595
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.
Cash bridge derived
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 | €2,537 | €2,536 | -€2 | -0.1% |
| Fixed assets | 21/28 | €257 | €257 | = | 0.0% |
| Financial fixed assets | 28 | €257 | €257 | = | 0.0% |
| Current assets | 29/58 | €2,280 | €2,279 | -€2 | -0.1% |
| Amounts receivable within one year | 40/41 | €1,284 | €1,510 | +€226 | +17.6% |
| Trade receivables | 40 | €1,284 | €1,510 | +€226 | +17.6% |
| Cash at bank and in hand | 54/58 | €996 | €769 | -€227 | -22.8% |
| Total equity and liabilities | 10/49 | €2,537 | €2,536 | -€2 | -0.1% |
| Equity | 10/15 | -€7,798 | -€26,801 | -€19,003 | -243.7% |
| Contributions | 10/11 | €100 | €100 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€7,898 | -€26,901 | -€19,003 | -240.6% |
| Amounts payable | 17/49 | €10,335 | €29,336 | +€19,001 | +183.9% |
| Amounts payable within one year | 42/48 | €10,335 | €29,336 | +€19,001 | +183.9% |
| Trade debts | 44 | €1,617 | €3,673 | +€2,056 | +127.2% |
| Suppliers | 440/4 | €1,617 | €3,673 | +€2,056 | +127.2% |
| Taxes, remuneration and social security | 45 | €3,511 | €14,859 | +€11,348 | +323.2% |
| Taxes | 450/3 | €646 | €1,357 | +€711 | +110.2% |
| Remuneration and social security | 454/9 | €2,866 | €13,502 | +€10,637 | +371.2% |
| Other amounts payable | 47/48 | €5,207 | €10,804 | +€5,597 | +107.5% |
| Remuneration, social security and pensions | 62 | €18,861 | €40,312 | +€21,452 | +113.7% |
| Other operating charges | 640/8 | €8 | €223 | +€215 | +2832.7% |
| Gross operating margin | 9900 | €10,969 | €21,595 | +€10,626 | +96.9% |
| Operating profit (loss) | 9901 | -€7,899 | -€18,940 | -€11,041 | -139.8% |
| Financial income | 75/76B | €2 | - | -€2 | |
| Recurring financial income | 75 | €2 | - | -€2 | |
| Financial charges | 65/66B | - | €63 | +€63 | |
| Recurring financial charges | 65 | - | €63 | +€63 | |
| Profit (loss) for the period before taxes | 9903 | -€7,898 | -€19,003 | -€11,105 | -140.6% |
| Profit (loss) for the period | 9904 | -€7,898 | -€19,003 | -€11,105 | -140.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€7,898 | -€19,003 | -€11,105 | -140.6% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.