MILYNCK: 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.
MILYNCK
Largest movements
- Cash -€16,652
down €16,652 (-11.8%), from €140,938 to €124,286
mainly Contributions, distributions and other (-€74,871) and Tax, wage and social debts (-€10,361)
- Receivables within one year +€2,214
up €2,214 (+19.9%), from €11,138 to €13,352
- Reserves -€40,758
down €40,758 (-37.5%), from €108,798 to €68,039
- Other debts +€36,326
up €36,326 (+412%), from €8,823 to €45,149
- Tax, wage and social debts -€10,361
down €10,361 (-31.4%), from €32,950 to €22,589
of which Taxes: -€10,361
- Gross operating margin -€7,469
down €7,469 (-12.6%), from €59,130 to €51,661
- Taxes -€795
down €795 (-6.6%), from €12,111 to €11,315
- Depreciation -€739
down €739 (-15.2%), from €4,859 to €4,121
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 | €158,710 | €143,984 | -€14,725 | -9.3% |
| Fixed assets | 21/28 | €5,058 | €4,751 | -€306 | -6.1% |
| Tangible fixed assets | 22/27 | €5,058 | €4,751 | -€306 | -6.1% |
| Furniture and vehicles | 24 | €5,058 | €4,751 | -€306 | -6.1% |
| Current assets | 29/58 | €153,652 | €139,233 | -€14,419 | -9.4% |
| Amounts receivable within one year | 40/41 | €11,138 | €13,352 | +€2,214 | +19.9% |
| Trade receivables | 40 | €11,138 | €13,352 | +€2,214 | +19.9% |
| Cash at bank and in hand | 54/58 | €140,938 | €124,286 | -€16,652 | -11.8% |
| Deferred charges and accrued income | 490/1 | €1,576 | €1,595 | +€19 | +1.2% |
| Total equity and liabilities | 10/49 | €158,710 | €143,984 | -€14,725 | -9.3% |
| Equity | 10/15 | €113,798 | €73,039 | -€40,758 | -35.8% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €108,798 | €68,039 | -€40,758 | -37.5% |
| Distributable reserves | 133 | €108,798 | €68,039 | -€40,758 | -37.5% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €44,912 | €70,945 | +€26,033 | +58.0% |
| Amounts payable within one year | 42/48 | €43,232 | €69,253 | +€26,021 | +60.2% |
| Trade debts | 44 | €1,458 | €1,515 | +€56 | +3.9% |
| Suppliers | 440/4 | €1,458 | €1,515 | +€56 | +3.9% |
| Taxes, remuneration and social security | 45 | €32,950 | €22,589 | -€10,361 | -31.4% |
| Taxes | 450/3 | €30,550 | €20,189 | -€10,361 | -33.9% |
| Remuneration and social security | 454/9 | €2,400 | €2,400 | = | 0.0% |
| Other amounts payable | 47/48 | €8,823 | €45,149 | +€36,326 | +412% |
| Accrued charges and deferred income | 492/3 | €1,680 | €1,692 | +€13 | +0.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,859 | €4,121 | -€739 | -15.2% |
| Other operating charges | 640/8 | €792 | €817 | +€25 | +3.1% |
| Gross operating margin | 9900 | €59,130 | €51,661 | -€7,469 | -12.6% |
| Operating profit (loss) | 9901 | €53,479 | €46,724 | -€6,756 | -12.6% |
| Financial income | 75/76B | €578 | €0 | -€578 | -100% |
| Recurring financial income | 75 | €578 | €0 | -€578 | -100% |
| Financial charges | 65/66B | €1,189 | €1,295 | +€107 | +9.0% |
| Recurring financial charges | 65 | €1,189 | €1,295 | +€107 | +9.0% |
| Profit (loss) for the period before taxes | 9903 | €52,869 | €45,428 | -€7,441 | -14.1% |
| Income taxes | 67/77 | €12,111 | €11,315 | -€795 | -6.6% |
| Profit (loss) for the period | 9904 | €40,758 | €34,113 | -€6,645 | -16.3% |
| Profit (loss) for the period to be appropriated | 9905 | €40,758 | €34,113 | -€6,645 | -16.3% |
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 16 October 2026 via checked.be.