MLNI: 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.
What changed
MLNI
NACE 68.201, Renting and operating of own or leased residential real estate, excluding social housing
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€9,080
2024 · €37,741-€28,661
Equity
€1.1m
2024 · €1.1m+€9,080
Cash
€23,554
2024 · €10,942+€12,612
Balance sheet total
€2.6m
2024 · €2.7m-€102,767
Largest movements
Assets
- Tangible fixed assets -€73,845
down €73,845 (-3.3%), from €2.3m to €2.2m
of which Land and buildings: -€94,993
- Current investments -€41,677
down €41,677 (-10.1%), from €411,871 to €370,194
Equity and liabilities
- Debts after one year -€109,387
down €109,387 (-9.9%), from €1.1m to €1.0m
- Profit (loss) carried forward +€37,852
up €37,852 (+13.2%), from €285,874 to €323,726
- Reserves -€28,772
down €28,772 (-6.7%), from €428,109 to €399,337
of which Tax-exempt reserves: -€28,772
Income statement
- Gross operating margin -€68,755
down €68,755 (-27.3%), from €251,594 to €182,839
- Depreciation -€31,969
down €31,969 (-19.0%), from €168,277 to €136,308
- Financial income +€8,997
up €8,997 (+81790.9%), from €11 to €9,008
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.
Result 2024
€37,741
Gross operating margin
-€68,755
Depreciation
+€31,969
Other operating charges
-€2,102
Other operating items
+€52
Financial income
+€8,997
Financial charges
+€1,211
Taxes
-€33
Result 2025
€9,080
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.
From operations
+€139,927
Investment
-€20,786
Financing
-€106,529
Cash 2024
€10,942
From operations (derived)
+€139,927
Net result for the year
+€9,080
Depreciation
+€136,308
Receivables within one year
-€1,012
Deferred charges and accrued income
+€869
Provisions
-€7,193
Trade debts
-€2,357
Tax, wage and social debts
+€2,011
Other debts
+€4,601
Accrued charges and deferred income
-€2,380
Investment (derived)
-€20,786
Investment in fixed assets (net)
-€62,463
Current investments
+€41,677
Financing
-€106,529
Debts after one year
-€109,387
Current portion of long-term debt
+€2,858
Cash 2025
€23,554
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,679,836 | €2,577,069 | -€102,767 | -3.8% |
| Fixed assets | 21/28 | €2,252,412 | €2,178,567 | -€73,845 | -3.3% |
| Tangible fixed assets | 22/27 | €2,252,412 | €2,178,567 | -€73,845 | -3.3% |
| Land and buildings | 22 | €2,150,397 | €2,055,404 | -€94,993 | -4.4% |
| Plant, machinery and equipment | 23 | €43,245 | €85,382 | +€42,137 | +97.4% |
| Furniture and vehicles | 24 | €58,770 | €37,781 | -€20,989 | -35.7% |
| Current assets | 29/58 | €427,424 | €398,502 | -€28,922 | -6.8% |
| Amounts receivable within one year | 40/41 | - | €1,012 | +€1,012 | |
| Trade receivables | 40 | - | €1,012 | +€1,012 | |
| Current investments | 50/53 | €411,871 | €370,194 | -€41,677 | -10.1% |
| Cash at bank and in hand | 54/58 | €10,942 | €23,554 | +€12,612 | +115.3% |
| Deferred charges and accrued income | 490/1 | €4,611 | €3,742 | -€869 | -18.8% |
| Total equity and liabilities | 10/49 | €2,679,836 | €2,577,069 | -€102,767 | -3.8% |
| Equity | 10/15 | €1,102,142 | €1,111,222 | +€9,080 | +0.8% |
| Contributions | 10/11 | €388,159 | €388,159 | = | 0.0% |
| Reserves | 13 | €428,109 | €399,337 | -€28,772 | -6.7% |
| Non-distributable reserves | 130/1 | €5,936 | €5,936 | = | 0.0% |
| Reserves not available under the articles | 1311 | €5,936 | €5,936 | = | 0.0% |
| Tax-exempt reserves | 132 | €422,173 | €393,401 | -€28,772 | -6.8% |
| Profit (loss) carried forward | 14 | €285,874 | €323,726 | +€37,852 | +13.2% |
| Provisions and deferred taxes | 16 | €125,989 | €118,796 | -€7,193 | -5.7% |
| Deferred taxes | 168 | €125,989 | €118,796 | -€7,193 | -5.7% |
| Amounts payable | 17/49 | €1,451,705 | €1,347,051 | -€104,654 | -7.2% |
| Amounts payable after more than one year | 17 | €1,109,574 | €1,000,187 | -€109,387 | -9.9% |
| Financial debts | 170/4 | €1,109,574 | €1,000,187 | -€109,387 | -9.9% |
| Amounts payable within one year | 42/48 | €338,996 | €346,109 | +€7,113 | +2.1% |
| Current portion of amounts payable after more than one year | 42 | €115,870 | €118,728 | +€2,858 | +2.5% |
| Trade debts | 44 | €2,644 | €287 | -€2,357 | -89.1% |
| Suppliers | 440/4 | €2,644 | €287 | -€2,357 | -89.1% |
| Taxes, remuneration and social security | 45 | €1,630 | €3,641 | +€2,011 | +123.4% |
| Taxes | 450/3 | €480 | €2,491 | +€2,011 | +419.0% |
| Remuneration and social security | 454/9 | €1,150 | €1,150 | = | 0.0% |
| Other amounts payable | 47/48 | €218,852 | €223,453 | +€4,601 | +2.1% |
| Accrued charges and deferred income | 492/3 | €3,135 | €755 | -€2,380 | -75.9% |
| Non-recurring operating income | 76A | €80,387 | - | -€80,387 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €168,277 | €136,308 | -€31,969 | -19.0% |
| Other operating charges | 640/8 | €33,483 | €35,585 | +€2,102 | +6.3% |
| Non-recurring operating charges | 66A | €52 | - | -€52 | |
| Gross operating margin | 9900 | €251,594 | €182,839 | -€68,755 | -27.3% |
| Operating profit (loss) | 9901 | €49,782 | €10,946 | -€38,836 | -78.0% |
| Financial income | 75/76B | €11 | €9,008 | +€8,997 | +81790.9% |
| Recurring financial income | 75 | €11 | €9,008 | +€8,997 | +81790.9% |
| Financial charges | 65/66B | €18,767 | €17,556 | -€1,211 | -6.5% |
| Recurring financial charges | 65 | €18,767 | €17,556 | -€1,211 | -6.5% |
| Profit (loss) for the period before taxes | 9903 | €31,026 | €2,398 | -€28,628 | -92.3% |
| Transfer from deferred taxes | 780 | €7,193 | €7,193 | = | 0.0% |
| Income taxes | 67/77 | €478 | €511 | +€33 | +6.9% |
| Profit (loss) for the period | 9904 | €37,741 | €9,080 | -€28,661 | -75.9% |
| Transfer from tax-exempt reserves | 789 | €28,772 | €28,772 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €66,513 | €37,852 | -€28,661 | -43.1% |
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 3 October 2026 via checked.be.