MILO: what changed
You see two financial years side by side: what moved most in the balance sheet and the result, why the result rose or fell and where the money went.
MILO
Largest movements
- Cash -€16,901
down €16,901 (-60.8%), from €27,812 to €10,911
mainly Other debts (-€24,000) and Net result for the year (-€3,908)
- Tangible fixed assets -€11,819
down €11,819 (-6.3%), from €188,842 to €177,023
- Other debts -€24,000
down €24,000 (-13.6%), from €176,686 to €152,686
- Profit (loss) carried forward -€3,908
down €3,908 (-4.0%), from -€97,438 to -€101,346
- Depreciation -€1,822
down €1,822 (-13.4%), from €13,640 to €11,819
- Gross operating margin +€376
up €376 (+2.8%), from €13,223 to €13,599
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 | €227,984 | €200,076 | -€27,908 | -12.2% |
| Fixed assets | 21/28 | €200,172 | €189,165 | -€11,006 | -5.5% |
| Tangible fixed assets | 22/27 | €188,842 | €177,023 | -€11,819 | -6.3% |
| Land and buildings | 22 | €188,842 | €177,023 | -€11,819 | -6.3% |
| Financial fixed assets | 28 | €11,330 | €12,142 | +€812 | +7.2% |
| Current assets | 29/58 | €27,812 | €10,911 | -€16,901 | -60.8% |
| Cash at bank and in hand | 54/58 | €27,812 | €10,911 | -€16,901 | -60.8% |
| Total equity and liabilities | 10/49 | €227,984 | €200,076 | -€27,908 | -12.2% |
| Equity | 10/15 | €51,298 | €47,390 | -€3,908 | -7.6% |
| Contributions | 10/11 | €148,736 | €148,736 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€97,438 | -€101,346 | -€3,908 | -4.0% |
| Amounts payable | 17/49 | €176,686 | €152,686 | -€24,000 | -13.6% |
| Amounts payable within one year | 42/48 | €176,686 | €152,686 | -€24,000 | -13.6% |
| Other amounts payable | 47/48 | €176,686 | €152,686 | -€24,000 | -13.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,640 | €11,819 | -€1,822 | -13.4% |
| Other operating charges | 640/8 | €5,361 | €5,415 | +€54 | +1.0% |
| Gross operating margin | 9900 | €13,223 | €13,599 | +€376 | +2.8% |
| Operating profit (loss) | 9901 | -€5,778 | -€3,635 | +€2,144 | +37.1% |
| Financial charges | 65/66B | €273 | €273 | = | 0.0% |
| Recurring financial charges | 65 | €273 | €273 | = | 0.0% |
| Profit (loss) for the period before taxes | 9903 | -€6,052 | -€3,908 | +€2,144 | +35.4% |
| Profit (loss) for the period | 9904 | -€6,052 | -€3,908 | +€2,144 | +35.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€6,052 | -€3,908 | +€2,144 | +35.4% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 1 November 2026 via checked.be.