MILTONIA: 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.
MILTONIA
Largest movements
- Tangible fixed assets -€4,018
down €4,018 (-4.3%), from €93,912 to €89,894
- Tax, wage and social debts -€623,729
no longer reported in 2025 (was €623,729)
- Other debts +€620,310
new in 2025: €620,310
- Debts after one year -€5,119
down €5,119 (-20.7%), from €24,750 to €19,631
- Profit (loss) carried forward +€4,025
up €4,025 (+0.7%), from -€594,131 to -€590,105
- Depreciation -€4,141
down €4,141 (-50.8%), from €8,160 to €4,018
- Gross operating margin +€1,677
up €1,677 (+17.9%), from €9,375 to €11,053
- Financial charges -€170
down €170 (-16.6%), from €1,027 to €857
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.
Derived cash bridge
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 | €94,397 | €89,919 | -€4,478 | -4.7% |
| Fixed assets | 21/28 | €93,912 | €89,894 | -€4,018 | -4.3% |
| Tangible fixed assets | 22/27 | €93,912 | €89,894 | -€4,018 | -4.3% |
| Land and buildings | 22 | €93,912 | €89,894 | -€4,018 | -4.3% |
| Current assets | 29/58 | €484 | €25 | -€460 | -94.9% |
| Amounts receivable within one year | 40/41 | €374 | - | -€374 | |
| Other amounts receivable | 41 | €374 | - | -€374 | |
| Cash at bank and in hand | 54/58 | €111 | €25 | -€86 | -77.8% |
| Total equity and liabilities | 10/49 | €94,397 | €89,919 | -€4,478 | -4.7% |
| Equity | 10/15 | -€559,166 | -€555,141 | +€4,025 | +0.7% |
| Contributions | 10/11 | €20,114 | €20,114 | = | 0.0% |
| Reserves | 13 | €14,851 | €14,851 | = | 0.0% |
| Non-distributable reserves | 130/1 | €7,043 | €7,043 | = | 0.0% |
| Other | 1319 | €7,043 | €7,043 | = | 0.0% |
| Distributable reserves | 133 | €7,808 | €7,808 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€594,131 | -€590,105 | +€4,025 | +0.7% |
| Amounts payable | 17/49 | €653,563 | €645,060 | -€8,503 | -1.3% |
| Amounts payable after more than one year | 17 | €24,750 | €19,631 | -€5,119 | -20.7% |
| Financial debts | 170/4 | €24,750 | €19,631 | -€5,119 | -20.7% |
| Amounts payable within one year | 42/48 | €628,813 | €625,429 | -€3,385 | -0.5% |
| Current portion of amounts payable after more than one year | 42 | €4,970 | €5,119 | +€149 | +3.0% |
| Trade debts | 44 | €115 | - | -€115 | |
| Suppliers | 440/4 | €115 | - | -€115 | |
| Taxes, remuneration and social security | 45 | €623,729 | - | -€623,729 | |
| Remuneration and social security | 454/9 | €623,729 | - | -€623,729 | |
| Other amounts payable | 47/48 | - | €620,310 | +€620,310 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,160 | €4,018 | -€4,141 | -50.8% |
| Other operating charges | 640/8 | €2,086 | €2,152 | +€66 | +3.2% |
| Gross operating margin | 9900 | €9,375 | €11,053 | +€1,677 | +17.9% |
| Operating profit (loss) | 9901 | -€870 | €4,883 | +€5,753 | |
| Financial charges | 65/66B | €1,027 | €857 | -€170 | -16.6% |
| Recurring financial charges | 65 | €1,027 | €857 | -€170 | -16.6% |
| Profit (loss) for the period before taxes | 9903 | -€1,897 | €4,025 | +€5,923 | |
| Profit (loss) for the period | 9904 | -€1,897 | €4,025 | +€5,923 | |
| Profit (loss) for the period to be appropriated | 9905 | -€1,897 | €4,025 | +€5,923 |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 17 October 2026 via checked.be.