Miles Ahead Studio: 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.
Miles Ahead Studio
Largest movements
- Receivables within one year -€383,699
down €383,699 (-85.2%), from €450,364 to €66,665
of which Trade receivables: -€309,450
- Financial fixed assets +€178,125
up €178,125 (+50.0%), from €356,250 to €534,375
- Cash -€98,129
down €98,129 (-84.6%), from €115,927 to €17,798
mainly Trade debts (-€411,050) and Net result for the year (-€349,860)
- Deferred charges and accrued income +€29,625
up €29,625 (+436%), from €6,801 to €36,426
- Debts after one year +€543,174
up €543,174 (+62.0%), from €876,253 to €1.4m
- Trade debts -€411,050
down €411,050 (-63.9%), from €643,048 to €231,998
- Profit (loss) carried forward -€349,860
down €349,860 (-48.8%), from -€717,592 to -€1.1m
- Accrued charges and deferred income -€35,310
down €35,310 (-53.6%), from €65,863 to €30,553
- Tax, wage and social debts -€25,801
down €25,801 (-100%), from €25,801 to €0
- Other operating charges -€194,126
down €194,126 (-99.7%), from €194,670 to €544
- Gross operating margin +€186,639
up €186,639 (+40.4%), from -€461,943 to -€275,305
- Financial charges +€22,881
up €22,881 (+44.9%), from €50,968 to €73,848
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 | €930,286 | €657,148 | -€273,138 | -29.4% |
| Fixed assets | 21/28 | €357,194 | €536,259 | +€179,065 | +50.1% |
| Tangible fixed assets | 22/27 | €944 | €1,884 | +€940 | +99.5% |
| Furniture and vehicles | 24 | €944 | €1,884 | +€940 | +99.5% |
| Financial fixed assets | 28 | €356,250 | €534,375 | +€178,125 | +50.0% |
| Current assets | 29/58 | €573,092 | €120,889 | -€452,203 | -78.9% |
| Amounts receivable within one year | 40/41 | €450,364 | €66,665 | -€383,699 | -85.2% |
| Trade receivables | 40 | €330,539 | €21,089 | -€309,450 | -93.6% |
| Other amounts receivable | 41 | €119,825 | €45,576 | -€74,249 | -62.0% |
| Cash at bank and in hand | 54/58 | €115,927 | €17,798 | -€98,129 | -84.6% |
| Deferred charges and accrued income | 490/1 | €6,801 | €36,426 | +€29,625 | +436% |
| Total equity and liabilities | 10/49 | €930,286 | €657,148 | -€273,138 | -29.4% |
| Equity | 10/15 | -€681,626 | -€1,030,695 | -€349,070 | -51.2% |
| Contributions | 10/11 | €35,967 | €36,757 | +€790 | +2.2% |
| Profit (loss) carried forward | 14 | -€717,592 | -€1,067,452 | -€349,860 | -48.8% |
| Amounts payable | 17/49 | €1,611,911 | €1,687,843 | +€75,932 | +4.7% |
| Amounts payable after more than one year | 17 | €876,253 | €1,419,427 | +€543,174 | +62.0% |
| Financial debts | 170/4 | €876,253 | €1,419,427 | +€543,174 | +62.0% |
| Amounts payable within one year | 42/48 | €669,795 | €237,863 | -€431,932 | -64.5% |
| Financial debts | 43 | €946 | €5,865 | +€4,919 | +520% |
| Credit institutions | 430/8 | €749 | €4,869 | +€4,120 | +550% |
| Other loans | 439 | €197 | €996 | +€799 | +406% |
| Trade debts | 44 | €643,048 | €231,998 | -€411,050 | -63.9% |
| Suppliers | 440/4 | €643,048 | €231,998 | -€411,050 | -63.9% |
| Taxes, remuneration and social security | 45 | €25,801 | €0 | -€25,801 | -100% |
| Taxes | 450/3 | €25,801 | €0 | -€25,801 | -100% |
| Accrued charges and deferred income | 492/3 | €65,863 | €30,553 | -€35,310 | -53.6% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €256 | €279 | +€23 | +9.1% |
| Other operating charges | 640/8 | €194,670 | €544 | -€194,126 | -99.7% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | -€461,943 | -€275,305 | +€186,639 | +40.4% |
| Operating profit (loss) | 9901 | -€656,869 | -€276,128 | +€380,741 | +58.0% |
| Financial income | 75/76B | €349 | €52 | -€297 | -85.0% |
| Recurring financial income | 75 | €349 | €52 | -€297 | -85.0% |
| Financial charges | 65/66B | €50,968 | €73,848 | +€22,881 | +44.9% |
| Recurring financial charges | 65 | €50,968 | €73,848 | +€22,881 | +44.9% |
| Profit (loss) for the period before taxes | 9903 | -€707,487 | -€349,924 | +€357,564 | +50.5% |
| Income taxes | 67/77 | €134 | -€64 | -€198 | |
| Profit (loss) for the period | 9904 | -€707,621 | -€349,860 | +€357,762 | +50.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€707,621 | -€349,860 | +€357,762 | +50.6% |
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 27 October 2026 via checked.be.