MLN IMMO: 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.
MLN IMMO
Largest movements
- Stocks and contracts -€1.0m
down €1.0m (-74.7%), from €1.4m to €346,350
- Receivables within one year +€340,921
up €340,921 (+476.6%), from €71,526 to €412,447
of which Other amounts receivable: +€412,447
- Deferred charges and accrued income -€290,556
down €290,556 (-100.0%), from €290,556 to €0
- Receivables after one year +€176,845
new in 2025: €176,845
- Cash +€17,791
new in 2025: €17,791
mainly Stocks and contracts (+€1.0m) and Net result for the year (+€351,027)
- Short-term financial debts -€1.2m
down €1.2m (-100.0%), from €1.2m to €0
- Other debts -€396,259
down €396,259 (-100.0%), from €396,259 to €0
- Reserves +€351,027
up €351,027 (+596.5%), from €58,852 to €409,879
- Debts after one year +€158,597
new in 2025: €158,597
- Trade debts +€146,314
up €146,314 (+203.2%), from €72,018 to €218,332
- Gross operating margin +€336,509
up €336,509 (+198.3%), from €169,712 to €506,221
- Taxes +€97,392
up €97,392 (+496.5%), from €19,617 to €117,009
- Financial charges -€53,144
down €53,144 (-58.6%), from €90,709 to €37,565
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 | €1,731,075 | €953,434 | -€777,641 | -44.9% |
| Current assets | 29/58 | €1,731,075 | €953,434 | -€777,641 | -44.9% |
| Amounts receivable after more than one year | 29 | - | €176,845 | +€176,845 | |
| Other amounts receivable | 291 | - | €176,845 | +€176,845 | |
| Stocks and contracts in progress | 3 | €1,368,994 | €346,350 | -€1.0m | -74.7% |
| Stocks | 30/36 | €1,368,994 | €346,350 | -€1.0m | -74.7% |
| Amounts receivable within one year | 40/41 | €71,526 | €412,447 | +€340,921 | +476.6% |
| Trade receivables | 40 | €71,526 | €0 | -€71,526 | -100.0% |
| Other amounts receivable | 41 | - | €412,447 | +€412,447 | |
| Cash at bank and in hand | 54/58 | - | €17,791 | +€17,791 | |
| Deferred charges and accrued income | 490/1 | €290,556 | €0 | -€290,556 | -100.0% |
| Total equity and liabilities | 10/49 | €1,731,075 | €953,434 | -€777,641 | -44.9% |
| Equity | 10/15 | €88,852 | €439,879 | +€351,027 | +395.1% |
| Contributions | 10/11 | €30,000 | €30,000 | = | 0.0% |
| Reserves | 13 | €58,852 | €409,879 | +€351,027 | +596.5% |
| Distributable reserves | 133 | €58,852 | €409,879 | +€351,027 | +596.5% |
| Amounts payable | 17/49 | €1,642,224 | €513,556 | -€1.1m | -68.7% |
| Amounts payable after more than one year | 17 | - | €158,597 | +€158,597 | |
| Other amounts payable | 178/9 | - | €158,597 | +€158,597 | |
| Amounts payable within one year | 42/48 | €1,639,746 | €354,959 | -€1.3m | -78.4% |
| Financial debts | 43 | €1,151,851 | €0 | -€1.2m | -100.0% |
| Credit institutions | 430/8 | €1,151,851 | €0 | -€1.2m | -100.0% |
| Trade debts | 44 | €72,018 | €218,332 | +€146,314 | +203.2% |
| Suppliers | 440/4 | €72,018 | €218,332 | +€146,314 | +203.2% |
| Taxes, remuneration and social security | 45 | €19,617 | €136,626 | +€117,009 | +596.5% |
| Taxes | 450/3 | €19,617 | €136,626 | +€117,009 | +596.5% |
| Other amounts payable | 47/48 | €396,259 | €0 | -€396,259 | -100.0% |
| Accrued charges and deferred income | 492/3 | €2,478 | €0 | -€2,478 | -100.0% |
| Other operating charges | 640/8 | €534 | €799 | +€264 | +49.4% |
| Gross operating margin | 9900 | €169,712 | €506,221 | +€336,509 | +198.3% |
| Operating profit (loss) | 9901 | €169,178 | €505,422 | +€336,244 | +198.8% |
| Financial income | 75/76B | - | €179 | +€179 | |
| Recurring financial income | 75 | - | €179 | +€179 | |
| Financial charges | 65/66B | €90,709 | €37,565 | -€53,144 | -58.6% |
| Recurring financial charges | 65 | €90,709 | €37,565 | -€53,144 | -58.6% |
| Profit (loss) for the period before taxes | 9903 | €78,469 | €468,036 | +€389,567 | +496.5% |
| Income taxes | 67/77 | €19,617 | €117,009 | +€97,392 | +496.5% |
| Profit (loss) for the period | 9904 | €58,852 | €351,027 | +€292,175 | +496.5% |
| Profit (loss) for the period to be appropriated | 9905 | €58,852 | €351,027 | +€292,175 | +496.5% |
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 8 October 2026 via checked.be.