M.I.L.E.: 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.
M.I.L.E.
Largest movements
- Cash +€19,008
up €19,008 (+73.0%), from €26,040 to €45,048
mainly Depreciation (+€27,221) and Net result for the year (+€12,006)
- Receivables within one year -€8,363
down €8,363 (-24.7%), from €33,902 to €25,540
of which Trade receivables: -€8,858
- Tangible fixed assets +€7,998
up €7,998 (+5.6%), from €143,475 to €151,473
of which Furniture and vehicles: +€12,881
- Deferred charges and accrued income -€3,394
down €3,394 (-90.3%), from €3,757 to €363
- Trade debts -€13,788
down €13,788 (-79.2%), from €17,400 to €3,612
- Reserves +€12,006
up €12,006 (+34.8%), from €34,513 to €46,519
- Tax, wage and social debts +€10,558
up €10,558 (+53.3%), from €19,795 to €30,353
of which Remuneration and social security: +€12,376
- Debts after one year +€3,454
up €3,454 (+6.1%), from €56,500 to €59,955
- Gross operating margin +€20,404
up €20,404 (+14.6%), from €140,102 to €160,506
- Staff costs +€17,926
up €17,926 (+19.2%), from €93,161 to €111,088
- Financial charges -€3,726
down €3,726 (-36.9%), from €10,102 to €6,376
- Depreciation +€2,032
up €2,032 (+8.1%), from €25,188 to €27,221
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 | €220,168 | €234,774 | +€14,606 | +6.6% |
| Fixed assets | 21/28 | €143,475 | €151,473 | +€7,998 | +5.6% |
| Tangible fixed assets | 22/27 | €143,475 | €151,473 | +€7,998 | +5.6% |
| Land and buildings | 22 | €75,965 | €69,104 | -€6,861 | -9.0% |
| Plant, machinery and equipment | 23 | €7,186 | €8,540 | +€1,354 | +18.8% |
| Furniture and vehicles | 24 | €17,181 | €30,062 | +€12,881 | +75.0% |
| Other tangible fixed assets | 26 | €43,143 | €43,767 | +€624 | +1.4% |
| Current assets | 29/58 | €76,693 | €83,301 | +€6,608 | +8.6% |
| Stocks and contracts in progress | 3 | €12,994 | €12,350 | -€644 | -5.0% |
| Stocks | 30/36 | €12,994 | €12,350 | -€644 | -5.0% |
| Amounts receivable within one year | 40/41 | €33,902 | €25,540 | -€8,363 | -24.7% |
| Trade receivables | 40 | €33,127 | €24,269 | -€8,858 | -26.7% |
| Other amounts receivable | 41 | €775 | €1,270 | +€495 | +63.9% |
| Cash at bank and in hand | 54/58 | €26,040 | €45,048 | +€19,008 | +73.0% |
| Deferred charges and accrued income | 490/1 | €3,757 | €363 | -€3,394 | -90.3% |
| Total equity and liabilities | 10/49 | €220,168 | €234,774 | +€14,606 | +6.6% |
| Equity | 10/15 | €53,113 | €65,119 | +€12,006 | +22.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €34,513 | €46,519 | +€12,006 | +34.8% |
| Distributable reserves | 133 | €34,513 | €46,519 | +€12,006 | +34.8% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €167,055 | €169,655 | +€2,600 | +1.6% |
| Amounts payable after more than one year | 17 | €56,500 | €59,955 | +€3,454 | +6.1% |
| Financial debts | 170/4 | €56,500 | €59,955 | +€3,454 | +6.1% |
| Amounts payable within one year | 42/48 | €108,184 | €107,042 | -€1,142 | -1.1% |
| Current portion of amounts payable after more than one year | 42 | €17,545 | €18,046 | +€501 | +2.9% |
| Trade debts | 44 | €17,400 | €3,612 | -€13,788 | -79.2% |
| Suppliers | 440/4 | €17,400 | €3,612 | -€13,788 | -79.2% |
| Taxes, remuneration and social security | 45 | €19,795 | €30,353 | +€10,558 | +53.3% |
| Taxes | 450/3 | €2,958 | €1,139 | -€1,818 | -61.5% |
| Remuneration and social security | 454/9 | €16,837 | €29,213 | +€12,376 | +73.5% |
| Other amounts payable | 47/48 | €53,444 | €55,032 | +€1,588 | +3.0% |
| Accrued charges and deferred income | 492/3 | €2,371 | €2,659 | +€288 | +12.1% |
| Remuneration, social security and pensions | 62 | €93,161 | €111,088 | +€17,926 | +19.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €25,188 | €27,221 | +€2,032 | +8.1% |
| Other operating charges | 640/8 | €661 | €1,110 | +€449 | +67.9% |
| Gross operating margin | 9900 | €140,102 | €160,506 | +€20,404 | +14.6% |
| Operating profit (loss) | 9901 | €21,091 | €21,088 | -€4 | 0.0% |
| Financial income | 75/76B | €1,428 | €1,862 | +€434 | +30.4% |
| Recurring financial income | 75 | €1,428 | €1,862 | +€434 | +30.4% |
| Financial charges | 65/66B | €10,102 | €6,376 | -€3,726 | -36.9% |
| Recurring financial charges | 65 | €10,102 | €6,376 | -€3,726 | -36.9% |
| Profit (loss) for the period before taxes | 9903 | €12,417 | €16,573 | +€4,157 | +33.5% |
| Income taxes | 67/77 | €4,245 | €4,567 | +€322 | +7.6% |
| Profit (loss) for the period | 9904 | €8,171 | €12,006 | +€3,835 | +46.9% |
| Profit (loss) for the period to be appropriated | 9905 | €8,171 | €12,006 | +€3,835 | +46.9% |
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 18 October 2026 via checked.be.