Miles Ahead Capital: what changed
Miles Ahead Capital
Largest movements
- Cash +€3.0m
up €3.0m (+400%), from €758,144 to €3.8m
mainly Contributions, distributions and other (+€6.0m) and Receivables within one year (+€108,197)
- Financial fixed assets +€869,587
up €869,587 (+28.8%), from €3.0m to €3.9m
- Deferred charges and accrued income +€407,316
up €407,316 (+510%), from €79,804 to €487,120
- Receivables after one year +€250,000
new in 2025: €250,000
- Receivables within one year -€108,197
down €108,197 (-100%), from €108,197 to €0
- Contributions +€6.0m
up €6.0m (+128%), from €4.7m to €10.7m
- Profit (loss) carried forward -€1.5m
down €1.5m (-199%), from -€759,858 to -€2.3m
- Financial charges +€602,311
up €602,311 (+94,553%), from €637 to €602,948
of which Non-recurring financial charges: +€600,000
- Gross operating margin -€167,175
down €167,175 (-21.7%), from -€771,165 to -€938,340
- Financial income +€12,605
up €12,605 (+74.6%), from €16,894 to €29,498
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 | €3,968,679 | €8,423,509 | +€4.5m | +112% |
| Fixed assets | 21/28 | €3,022,535 | €3,892,121 | +€869,587 | +28.8% |
| Financial fixed assets | 28 | €3,022,535 | €3,892,121 | +€869,587 | +28.8% |
| Current assets | 29/58 | €946,145 | €4,531,388 | +€3.6m | +379% |
| Amounts receivable after more than one year | 29 | - | €250,000 | +€250,000 | |
| Other amounts receivable | 291 | - | €250,000 | +€250,000 | |
| Amounts receivable within one year | 40/41 | €108,197 | €0 | -€108,197 | -100% |
| Trade receivables | 40 | €108,197 | €0 | -€108,197 | -100% |
| Cash at bank and in hand | 54/58 | €758,144 | €3,794,268 | +€3.0m | +400% |
| Deferred charges and accrued income | 490/1 | €79,804 | €487,120 | +€407,316 | +510% |
| Total equity and liabilities | 10/49 | €3,968,679 | €8,423,509 | +€4.5m | +112% |
| Equity | 10/15 | €3,927,642 | €8,416,488 | +€4.5m | +114% |
| Contributions | 10/11 | €4,687,500 | €10,687,500 | +€6.0m | +128% |
| Profit (loss) carried forward | 14 | -€759,858 | -€2,271,012 | -€1.5m | -199% |
| Amounts payable | 17/49 | €41,037 | €7,020 | -€34,017 | -82.9% |
| Amounts payable within one year | 42/48 | €41,037 | €7,020 | -€34,017 | -82.9% |
| Trade debts | 44 | €26,736 | €7,020 | -€19,715 | -73.7% |
| Suppliers | 440/4 | €26,736 | €7,020 | -€19,715 | -73.7% |
| Other amounts payable | 47/48 | €14,302 | €0 | -€14,302 | -100% |
| Other operating charges | 640/8 | €1,172 | €387 | -€785 | -67.0% |
| Gross operating margin | 9900 | -€771,165 | -€938,340 | -€167,175 | -21.7% |
| Operating profit (loss) | 9901 | -€772,337 | -€938,727 | -€166,390 | -21.5% |
| Financial income | 75/76B | €16,894 | €29,498 | +€12,605 | +74.6% |
| Recurring financial income | 75 | €16,894 | €29,498 | +€12,605 | +74.6% |
| Financial charges | 65/66B | €637 | €602,948 | +€602,311 | +94,553% |
| Recurring financial charges | 65 | €637 | €2,948 | +€2,311 | +363% |
| Non-recurring financial charges | 66B | - | €600,000 | +€600,000 | |
| Profit (loss) for the period before taxes | 9903 | -€756,081 | -€1,512,177 | -€756,097 | -100% |
| Income taxes | 67/77 | €3,778 | -€1,024 | -€4,801 | |
| Profit (loss) for the period | 9904 | -€759,858 | -€1,511,153 | -€751,295 | -98.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€759,858 | -€1,511,153 | -€751,295 | -98.9% |
Next steps
Calculation and sources
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 4 November 2026 via checked.be.