Miles: 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.
What changed
Miles
NACE 64.210, Activities of holding companies
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
-€73,207
2024 · -€27,664-€45,543
Equity
€559,572
2024 · €632,779-€73,207
Cash
€175
2024 · €284-€109
Balance sheet total
€1.6m
2024 · €1.6m+€37,373
Largest movements
Assets
- Receivables after one year +€48,000
up €48,000 (+16.0%), from €300,000 to €348,000
Equity and liabilities
- Other debts +€168,990
up €168,990 (+38.2%), from €442,176 to €611,166
- Debts after one year -€74,695
down €74,695 (-21.2%), from €352,534 to €277,839
- Profit (loss) carried forward -€73,207
down €73,207 (-12.1%), from -€605,681 to -€678,888
Income statement
- Gross operating margin -€44,902
down €44,902, from €25,623 to -€19,279
- Other operating charges +€26,566
up €26,566 (+525%), from €5,063 to €31,629
- Financial charges -€25,643
down €25,643 (-54.7%), from €46,889 to €21,246
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
-€27,664
Gross operating margin
-€44,902
Depreciation
+€252
Other operating charges
-€26,566
Financial charges
+€25,643
Taxes
+€30
Result 2025
-€73,207
raises the resultlowers the result
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.
From operations
+€71,284
Investment
€0
Financing
-€71,393
Cash 2024
€284
From operations (derived)
+€71,284
Net result for the year
-€73,207
Depreciation
+€754
Receivables after one year
-€48,000
Receivables within one year
+€9,874
Deferred charges and accrued income
-€110
Trade debts
+€11,855
Tax, wage and social debts
+€1,128
Other debts
+€168,990
Financing
-€71,393
Debts after one year
-€74,695
Current portion of long-term debt
+€434
Short-term financial debts
+€2,868
Cash 2025
€175
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,563,069 | €1,600,442 | +€37,373 | +2.4% |
| Fixed assets | 21/28 | €960,096 | €959,341 | -€754 | -0.1% |
| Tangible fixed assets | 22/27 | €440,196 | €439,441 | -€754 | -0.2% |
| Land and buildings | 22 | €422,500 | €422,500 | = | 0.0% |
| Plant, machinery and equipment | 23 | €796 | €41 | -€754 | -94.8% |
| Furniture and vehicles | 24 | €0 | - | = | |
| Other tangible fixed assets | 26 | €16,900 | €16,900 | = | 0.0% |
| Financial fixed assets | 28 | €519,900 | €519,900 | = | 0.0% |
| Current assets | 29/58 | €602,974 | €641,101 | +€38,127 | +6.3% |
| Amounts receivable after more than one year | 29 | €300,000 | €348,000 | +€48,000 | +16.0% |
| Other amounts receivable | 291 | €300,000 | €348,000 | +€48,000 | +16.0% |
| Amounts receivable within one year | 40/41 | €110,327 | €100,453 | -€9,874 | -8.9% |
| Trade receivables | 40 | €94,847 | €97,453 | +€2,607 | +2.7% |
| Other amounts receivable | 41 | €15,480 | €3,000 | -€12,480 | -80.6% |
| Current investments | 50/53 | €192,000 | €192,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €284 | €175 | -€109 | -38.4% |
| Deferred charges and accrued income | 490/1 | €363 | €473 | +€110 | +30.3% |
| Total equity and liabilities | 10/49 | €1,563,069 | €1,600,442 | +€37,373 | +2.4% |
| Equity | 10/15 | €632,779 | €559,572 | -€73,207 | -11.6% |
| Contributions | 10/11 | €750,000 | €750,000 | = | 0.0% |
| Revaluation surpluses | 12 | €460,000 | €460,000 | = | 0.0% |
| Reserves | 13 | €28,460 | €28,460 | = | 0.0% |
| Distributable reserves | 133 | €28,460 | €28,460 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€605,681 | -€678,888 | -€73,207 | -12.1% |
| Amounts payable | 17/49 | €930,291 | €1,040,870 | +€110,579 | +11.9% |
| Amounts payable after more than one year | 17 | €352,534 | €277,839 | -€74,695 | -21.2% |
| Financial debts | 170/4 | €352,534 | €277,839 | -€74,695 | -21.2% |
| Amounts payable within one year | 42/48 | €577,756 | €763,031 | +€185,275 | +32.1% |
| Current portion of amounts payable after more than one year | 42 | €74,261 | €74,695 | +€434 | +0.6% |
| Financial debts | 43 | €17,252 | €20,119 | +€2,868 | +16.6% |
| Credit institutions | 430/8 | €17,252 | €20,119 | +€2,868 | +16.6% |
| Trade debts | 44 | €43,522 | €55,377 | +€11,855 | +27.2% |
| Suppliers | 440/4 | €43,522 | €55,377 | +€11,855 | +27.2% |
| Taxes, remuneration and social security | 45 | €546 | €1,674 | +€1,128 | +206% |
| Taxes | 450/3 | €546 | €1,674 | +€1,128 | +206% |
| Other amounts payable | 47/48 | €442,176 | €611,166 | +€168,990 | +38.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,006 | €754 | -€252 | -25.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €0 | - | = | |
| Other operating charges | 640/8 | €5,063 | €31,629 | +€26,566 | +525% |
| Gross operating margin | 9900 | €25,623 | -€19,279 | -€44,902 | |
| Operating profit (loss) | 9901 | €19,553 | -€51,662 | -€71,216 | |
| Financial charges | 65/66B | €46,889 | €21,246 | -€25,643 | -54.7% |
| Recurring financial charges | 65 | €46,889 | €21,246 | -€25,643 | -54.7% |
| Profit (loss) for the period before taxes | 9903 | -€27,336 | -€72,909 | -€45,573 | -167% |
| Income taxes | 67/77 | €328 | €298 | -€30 | -9.2% |
| Profit (loss) for the period | 9904 | -€27,664 | -€73,207 | -€45,543 | -165% |
| Profit (loss) for the period to be appropriated | 9905 | -€27,664 | -€73,207 | -€45,543 | -165% |
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 17 October 2026 via checked.be.