MILTOR: 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.
MILTOR
Largest movements
- Current investments -€240,000
down €240,000 (-76.2%), from €315,000 to €75,000
- Cash -€8,156
down €8,156 (-9.6%), from €84,836 to €76,680
mainly Other debts (-€241,253) and Contributions, distributions and other (-€110,000)
- Receivables within one year +€5,730
up €5,730 (+32.7%), from €17,512 to €23,242
of which Other amounts receivable: +€6,425
- Other debts -€241,253
down €241,253 (-67.2%), from €359,009 to €117,756
- Turnover -€208,166
no longer reported in 2025 (was €208,166)
- Purchases and services -€77,286
no longer reported in 2025 (was €77,286)
- Financial income +€4,045
up €4,045 (+97.7%), from €4,138 to €8,183
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 | €456,617 | €217,927 | -€238,691 | -52.3% |
| Formation expenses | 20 | €301 | €0 | -€301 | -100.0% |
| Fixed assets | 21/28 | €2,155 | €4,934 | +€2,780 | +129.0% |
| Tangible fixed assets | 22/27 | €2,155 | €4,934 | +€2,780 | +129.0% |
| Furniture and vehicles | 24 | €1,447 | €4,934 | +€3,488 | +241.1% |
| Assets under construction and advance payments | 27 | €708 | €0 | -€708 | -100.0% |
| Financial fixed assets | 28 | €0 | - | = | |
| Current assets | 29/58 | €454,162 | €212,992 | -€241,169 | -53.1% |
| Amounts receivable within one year | 40/41 | €17,512 | €23,242 | +€5,730 | +32.7% |
| Trade receivables | 40 | €900 | €205 | -€695 | -77.2% |
| Other amounts receivable | 41 | €16,612 | €23,037 | +€6,425 | +38.7% |
| Current investments | 50/53 | €315,000 | €75,000 | -€240,000 | -76.2% |
| Cash at bank and in hand | 54/58 | €84,836 | €76,680 | -€8,156 | -9.6% |
| Deferred charges and accrued income | 490/1 | €36,813 | €38,070 | +€1,257 | +3.4% |
| Total equity and liabilities | 10/49 | €456,617 | €217,927 | -€238,691 | -52.3% |
| Equity | 10/15 | €92,432 | €91,964 | -€467 | -0.5% |
| Contributions | 10/11 | €6,500 | €6,500 | = | 0.0% |
| Reserves | 13 | €81,000 | €81,000 | = | 0.0% |
| Distributable reserves | 133 | €81,000 | €81,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €4,932 | €4,464 | -€467 | -9.5% |
| Amounts payable | 17/49 | €364,186 | €125,962 | -€238,223 | -65.4% |
| Amounts payable within one year | 42/48 | €364,186 | €125,920 | -€238,265 | -65.4% |
| Trade debts | 44 | €4,534 | €8,164 | +€3,630 | +80.1% |
| Suppliers | 440/4 | €4,534 | €8,164 | +€3,630 | +80.1% |
| Taxes, remuneration and social security | 45 | €643 | €0 | -€643 | -100.0% |
| Taxes | 450/3 | €643 | €0 | -€643 | -100.0% |
| Other amounts payable | 47/48 | €359,009 | €117,756 | -€241,253 | -67.2% |
| Accrued charges and deferred income | 492/3 | - | €42 | +€42 | |
| Turnover | 70 | €208,166 | - | -€208,166 | |
| Goods, raw materials, services and sundry goods | 60/61 | €77,286 | - | -€77,286 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,303 | €1,756 | +€454 | +34.8% |
| Other operating charges | 640/8 | €387 | €400 | +€12 | +3.2% |
| Gross operating margin | 9900 | €132,974 | €134,744 | +€1,770 | +1.3% |
| Operating profit (loss) | 9901 | €131,284 | €132,588 | +€1,304 | +1.0% |
| Financial income | 75/76B | €4,138 | €8,183 | +€4,045 | +97.7% |
| Recurring financial income | 75 | €4,138 | €8,183 | +€4,045 | +97.7% |
| Financial charges | 65/66B | €148 | €209 | +€61 | +41.0% |
| Recurring financial charges | 65 | €148 | €209 | +€61 | +41.0% |
| Profit (loss) for the period before taxes | 9903 | €135,274 | €140,562 | +€5,288 | +3.9% |
| Income taxes | 67/77 | €29,629 | €31,030 | +€1,400 | +4.7% |
| Profit (loss) for the period | 9904 | €105,645 | €109,533 | +€3,887 | +3.7% |
| Profit (loss) for the period to be appropriated | 9905 | €105,645 | €109,533 | +€3,887 | +3.7% |
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 30 September 2026 via checked.be.