MILIMO: 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.
MILIMO
Largest movements
- Receivables within one year -€127,181
down €127,181 (-58.5%), from €217,439 to €90,258
of which Trade receivables: -€177,679
- Cash +€36,293
up €36,293 (+14.8%), from €244,903 to €281,197
mainly Receivables within one year (+€127,181) and Advances received (+€35,000)
- Tangible fixed assets +€16,412
up €16,412 (+88.0%), from €18,656 to €35,068
of which Furniture and vehicles: +€16,755
- Tax, wage and social debts -€57,911
down €57,911 (-62.5%), from €92,675 to €34,764
of which Taxes: -€37,217
- Advances received +€35,000
new in 2025: €35,000
- Debts after one year -€31,735
down €31,735 (-58.6%), from €54,176 to €22,442
- Trade debts -€29,617
down €29,617 (-62.7%), from €47,243 to €17,626
- Profit (loss) carried forward +€14,669
up €14,669 (+13.8%), from €106,508 to €121,178
- Staff costs -€187,606
down €187,606 (-77.8%), from €241,128 to €53,521
- Gross operating margin -€180,097
down €180,097 (-45.8%), from €392,922 to €212,825
- Other operating charges +€75,317
up €75,317 (+234%), from €32,161 to €107,478
- Taxes -€17,049
down €17,049 (-57.7%), from €29,548 to €12,499
- Depreciation +€12,321
up €12,321 (+180%), from €6,864 to €19,184
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 | €500,211 | €424,939 | -€75,271 | -15.0% |
| Fixed assets | 21/28 | €35,576 | €51,988 | +€16,412 | +46.1% |
| Tangible fixed assets | 22/27 | €18,656 | €35,068 | +€16,412 | +88.0% |
| Plant, machinery and equipment | 23 | €754 | €412 | -€343 | -45.4% |
| Furniture and vehicles | 24 | €17,902 | €34,656 | +€16,755 | +93.6% |
| Financial fixed assets | 28 | €16,920 | €16,920 | = | 0.0% |
| Current assets | 29/58 | €464,635 | €372,951 | -€91,683 | -19.7% |
| Amounts receivable within one year | 40/41 | €217,439 | €90,258 | -€127,181 | -58.5% |
| Trade receivables | 40 | €217,439 | €39,760 | -€177,679 | -81.7% |
| Other amounts receivable | 41 | - | €50,498 | +€50,498 | |
| Cash at bank and in hand | 54/58 | €244,903 | €281,197 | +€36,293 | +14.8% |
| Deferred charges and accrued income | 490/1 | €2,293 | €1,497 | -€796 | -34.7% |
| Total equity and liabilities | 10/49 | €500,211 | €424,939 | -€75,271 | -15.0% |
| Equity | 10/15 | €240,768 | €255,438 | +€14,669 | +6.1% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €121,860 | €121,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €120,000 | €120,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €106,508 | €121,178 | +€14,669 | +13.8% |
| Amounts payable | 17/49 | €259,442 | €169,502 | -€89,941 | -34.7% |
| Amounts payable after more than one year | 17 | €54,176 | €22,442 | -€31,735 | -58.6% |
| Financial debts | 170/4 | €54,176 | €22,442 | -€31,735 | -58.6% |
| Amounts payable within one year | 42/48 | €205,266 | €147,060 | -€58,206 | -28.4% |
| Current portion of amounts payable after more than one year | 42 | €35,856 | €31,735 | -€4,122 | -11.5% |
| Trade debts | 44 | €47,243 | €17,626 | -€29,617 | -62.7% |
| Suppliers | 440/4 | €47,243 | €17,626 | -€29,617 | -62.7% |
| Advances received on contracts in progress | 46 | - | €35,000 | +€35,000 | |
| Taxes, remuneration and social security | 45 | €92,675 | €34,764 | -€57,911 | -62.5% |
| Taxes | 450/3 | €68,064 | €30,847 | -€37,217 | -54.7% |
| Remuneration and social security | 454/9 | €24,611 | €3,917 | -€20,694 | -84.1% |
| Other amounts payable | 47/48 | €29,492 | €27,936 | -€1,556 | -5.3% |
| Remuneration, social security and pensions | 62 | €241,128 | €53,521 | -€187,606 | -77.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,864 | €19,184 | +€12,321 | +180% |
| Other operating charges | 640/8 | €32,161 | €107,478 | +€75,317 | +234% |
| Non-recurring operating charges | 66A | €1,070 | €182 | -€888 | -82.9% |
| Gross operating margin | 9900 | €392,922 | €212,825 | -€180,097 | -45.8% |
| Operating profit (loss) | 9901 | €111,699 | €32,459 | -€79,240 | -70.9% |
| Financial income | 75/76B | €1 | €0 | -€1 | -98.3% |
| Recurring financial income | 75 | €1 | €0 | -€1 | -98.3% |
| Financial charges | 65/66B | €7,384 | €5,291 | -€2,093 | -28.3% |
| Recurring financial charges | 65 | €7,384 | €5,291 | -€2,093 | -28.3% |
| Profit (loss) for the period before taxes | 9903 | €104,316 | €27,168 | -€77,148 | -74.0% |
| Income taxes | 67/77 | €29,548 | €12,499 | -€17,049 | -57.7% |
| Profit (loss) for the period | 9904 | €74,768 | €14,669 | -€60,099 | -80.4% |
| Profit (loss) for the period to be appropriated | 9905 | €74,768 | €14,669 | -€60,099 | -80.4% |
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 26 October 2026 via checked.be.