Miglia IM: what changed
Miglia IM
Largest movements
- Tangible fixed assets +€31,402
up €31,402 (+48.1%), from €65,313 to €96,716
of which Furniture and vehicles: +€31,490
- Cash +€22,318
up €22,318 (+9.1%), from €244,088 to €266,407
mainly Net result for the year (+€66,259) and Depreciation (+€37,751)
- Receivables within one year +€7,597
up €7,597 (+39.4%), from €19,270 to €26,867
of which Trade receivables: +€7,592
- Stocks and contracts +€4,887
up €4,887 (+9.5%), from €51,624 to €56,511
- Profit (loss) carried forward +€66,259
up €66,259 (+27.3%), from €243,025 to €309,284
- Other debts -€19,588
down €19,588 (-73.2%), from €26,758 to €7,170
- Debts after one year +€15,798
up €15,798 (+169%), from €9,350 to €25,148
- Trade debts +€5,782
up €5,782 (+208%), from €2,775 to €8,557
- Financial income -€23,465
down €23,465 (-100.0%), from €23,465 to €0
- Taxes -€17,456
down €17,456 (-50.5%), from €34,591 to €17,134
- Gross operating margin -€13,918
down €13,918 (-10.1%), from €137,535 to €123,617
- Depreciation +€10,183
up €10,183 (+36.9%), from €27,568 to €37,751
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 | €383,134 | €448,399 | +€65,266 | +17.0% |
| Fixed assets | 21/28 | €65,313 | €96,716 | +€31,402 | +48.1% |
| Tangible fixed assets | 22/27 | €65,313 | €96,716 | +€31,402 | +48.1% |
| Land and buildings | 22 | €1,459 | €1,372 | -€87 | -6.0% |
| Furniture and vehicles | 24 | €63,854 | €95,344 | +€31,490 | +49.3% |
| Current assets | 29/58 | €317,820 | €351,684 | +€33,864 | +10.7% |
| Stocks and contracts in progress | 3 | €51,624 | €56,511 | +€4,887 | +9.5% |
| Stocks | 30/36 | €51,624 | €56,511 | +€4,887 | +9.5% |
| Amounts receivable within one year | 40/41 | €19,270 | €26,867 | +€7,597 | +39.4% |
| Trade receivables | 40 | €19,269 | €26,861 | +€7,592 | +39.4% |
| Other amounts receivable | 41 | €1 | €6 | +€5 | +398% |
| Cash at bank and in hand | 54/58 | €244,088 | €266,407 | +€22,318 | +9.1% |
| Deferred charges and accrued income | 490/1 | €2,838 | €1,899 | -€938 | -33.1% |
| Total equity and liabilities | 10/49 | €383,134 | €448,399 | +€65,266 | +17.0% |
| Equity | 10/15 | €289,614 | €355,873 | +€66,259 | +22.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €27,989 | €27,989 | = | 0.0% |
| Distributable reserves | 133 | €27,989 | €27,989 | = | 0.0% |
| Profit (loss) carried forward | 14 | €243,025 | €309,284 | +€66,259 | +27.3% |
| Amounts payable | 17/49 | €93,520 | €92,526 | -€994 | -1.1% |
| Amounts payable after more than one year | 17 | €9,350 | €25,148 | +€15,798 | +169% |
| Financial debts | 170/4 | €9,350 | €25,148 | +€15,798 | +169% |
| Amounts payable within one year | 42/48 | €84,170 | €67,378 | -€16,792 | -19.9% |
| Current portion of amounts payable after more than one year | 42 | €16,846 | €16,310 | -€536 | -3.2% |
| Trade debts | 44 | €2,775 | €8,557 | +€5,782 | +208% |
| Suppliers | 440/4 | €2,775 | €8,557 | +€5,782 | +208% |
| Taxes, remuneration and social security | 45 | €37,790 | €35,341 | -€2,449 | -6.5% |
| Taxes | 450/3 | €37,790 | €35,341 | -€2,449 | -6.5% |
| Other amounts payable | 47/48 | €26,758 | €7,170 | -€19,588 | -73.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €27,568 | €37,751 | +€10,183 | +36.9% |
| Other operating charges | 640/8 | €1,084 | €544 | -€541 | -49.9% |
| Gross operating margin | 9900 | €137,535 | €123,617 | -€13,918 | -10.1% |
| Operating profit (loss) | 9901 | €108,882 | €85,322 | -€23,560 | -21.6% |
| Financial income | 75/76B | €23,465 | €0 | -€23,465 | -100.0% |
| Recurring financial income | 75 | €23,465 | €0 | -€23,465 | -100.0% |
| Financial charges | 65/66B | €1,071 | €1,928 | +€857 | +80.1% |
| Recurring financial charges | 65 | €1,071 | €1,928 | +€857 | +80.1% |
| Profit (loss) for the period before taxes | 9903 | €131,276 | €83,394 | -€47,882 | -36.5% |
| Income taxes | 67/77 | €34,591 | €17,134 | -€17,456 | -50.5% |
| Profit (loss) for the period | 9904 | €96,686 | €66,259 | -€30,426 | -31.5% |
| Profit (loss) for the period to be appropriated | 9905 | €96,686 | €66,259 | -€30,426 | -31.5% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.