MILTTON BRUSSELS: what changed
MILTTON BRUSSELS
Largest movements
- Cash -€20,773
down €20,773 (-43.1%), from €48,217 to €27,445
mainly Trade debts (-€93,035) and Net result for the year (-€20,886)
- Receivables within one year -€11,960
down €11,960 (-25.3%), from €47,248 to €35,288
of which Other amounts receivable: -€11,185
- Deferred charges and accrued income +€4,745
up €4,745 (+82.0%), from €5,783 to €10,527
- Trade debts -€93,035
no longer reported in 2025 (was €93,035)
- Current portion of long-term debt +€60,000
new in 2025: €60,000
- Debts after one year +€39,023
up €39,023 (+4.0%), from €965,000 to €1.0m
- Profit (loss) carried forward -€20,886
down €20,886 (-2.1%), from -€993,514 to -€1.0m
- Accrued charges and deferred income -€16,130
down €16,130 (-89.7%), from €17,981 to €1,851
- Turnover -€311,785
no longer reported in 2025 (was €311,785)
- Purchases and services -€292,656
no longer reported in 2025 (was €292,656)
- Staff costs -€108,239
down €108,239 (-68.9%), from €157,162 to €48,923
- Gross operating margin +€40,586
up €40,586 (+137%), from €29,530 to €70,116
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €104,104 | €75,860 | -€28,243 | -27.1% |
| Fixed assets | 21/28 | €2,855 | €2,600 | -€255 | -8.9% |
| Tangible fixed assets | 22/27 | €855 | - | -€855 | |
| Plant, machinery and equipment | 23 | €186 | - | -€186 | |
| Furniture and vehicles | 24 | €670 | - | -€670 | |
| Financial fixed assets | 28 | €2,000 | €2,600 | +€600 | +30.0% |
| Current assets | 29/58 | €101,248 | €73,260 | -€27,988 | -27.6% |
| Amounts receivable within one year | 40/41 | €47,248 | €35,288 | -€11,960 | -25.3% |
| Trade receivables | 40 | €33,210 | €32,435 | -€775 | -2.3% |
| Other amounts receivable | 41 | €14,038 | €2,854 | -€11,185 | -79.7% |
| Cash at bank and in hand | 54/58 | €48,217 | €27,445 | -€20,773 | -43.1% |
| Deferred charges and accrued income | 490/1 | €5,783 | €10,527 | +€4,745 | +82.0% |
| Total equity and liabilities | 10/49 | €104,104 | €75,860 | -€28,243 | -27.1% |
| Equity | 10/15 | -€974,964 | -€995,850 | -€20,886 | -2.1% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€993,514 | -€1,014,400 | -€20,886 | -2.1% |
| Amounts payable | 17/49 | €1,079,068 | €1,071,710 | -€7,358 | -0.7% |
| Amounts payable after more than one year | 17 | €965,000 | €1,004,023 | +€39,023 | +4.0% |
| Other amounts payable | 178/9 | €965,000 | €1,004,023 | +€39,023 | +4.0% |
| Amounts payable within one year | 42/48 | €96,087 | €65,837 | -€30,250 | -31.5% |
| Current portion of amounts payable after more than one year | 42 | - | €60,000 | +€60,000 | |
| Trade debts | 44 | €93,035 | - | -€93,035 | |
| Suppliers | 440/4 | €93,035 | - | -€93,035 | |
| Taxes, remuneration and social security | 45 | €3,052 | €5,837 | +€2,784 | +91.2% |
| Remuneration and social security | 454/9 | €3,052 | €5,837 | +€2,784 | +91.2% |
| Accrued charges and deferred income | 492/3 | €17,981 | €1,851 | -€16,130 | -89.7% |
| Turnover | 70 | €311,785 | - | -€311,785 | |
| Non-recurring operating income | 76A | €10,401 | - | -€10,401 | |
| Goods, raw materials, services and sundry goods | 60/61 | €292,656 | - | -€292,656 | |
| Remuneration, social security and pensions | 62 | €157,162 | €48,923 | -€108,239 | -68.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,612 | €855 | -€757 | -46.9% |
| Other operating charges | 640/8 | €387 | €400 | +€12 | +3.2% |
| Gross operating margin | 9900 | €29,530 | €70,116 | +€40,586 | +137% |
| Operating profit (loss) | 9901 | -€129,631 | €19,938 | +€149,569 | |
| Financial income | 75/76B | €69 | €17 | -€52 | -74.8% |
| Recurring financial income | 75 | €69 | €17 | -€52 | -74.8% |
| Financial charges | 65/66B | €41,096 | €40,841 | -€255 | -0.6% |
| Recurring financial charges | 65 | €41,096 | €40,841 | -€255 | -0.6% |
| Profit (loss) for the period before taxes | 9903 | -€170,658 | -€20,886 | +€149,772 | +87.8% |
| Profit (loss) for the period | 9904 | -€170,658 | -€20,886 | +€149,772 | +87.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€170,658 | -€20,886 | +€149,772 | +87.8% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.