MILES BRUGGE: what changed
What changed
MILES BRUGGE
NACE 46.712, Wholesale trade
filed annual accounts (NBB)
Net result for the year
€230,611
2024 · €228,955+€1,655
Equity
€1.3m
2024 · €1.0m+€229,611
Cash
€499,100
2024 · €526,241-€27,141
Balance sheet total
€3.2m
2024 · €2.3m+€838,062
Largest movements
Assets
- Receivables within one year +€597,558
up €597,558 (+85.7%), from €697,535 to €1.3m
of which Trade receivables: +€550,688
- Stocks and contracts +€205,281
up €205,281 (+25.8%), from €794,174 to €999,455
- Deferred charges and accrued income +€31,725
up €31,725 (+58.3%), from €54,458 to €86,182
Equity and liabilities
- Short-term financial debts +€250,000
up €250,000 (+66.7%), from €375,000 to €625,000
- Reserves +€230,611
up €230,611 (+23.4%), from €983,825 to €1.2m
of which Distributable reserves: +€230,611
- Accrued charges and deferred income +€221,227
up €221,227 (+142%), from €156,280 to €377,507
- Trade debts +€181,368
up €181,368 (+60.4%), from €300,336 to €481,704
- Provisions -€52,620
down €52,620 (-67.7%), from €77,766 to €25,146
Income statement
- Staff costs +€153,501
up €153,501 (+18.7%), from €822,628 to €976,130
- Gross operating margin +€132,433
up €132,433 (+10.5%), from €1.3m to €1.4m
- Provisions -€17,371
down €17,371 (-49.3%), from -€35,249 to -€52,620
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.
Result 2024
€228,955
Gross operating margin
+€132,433
Staff costs
-€153,501
Depreciation
+€3,406
Write-downs
-€9,153
Provisions
+€17,371
Other operating charges
+€2,199
Financial income
+€2,469
Financial charges
+€9,690
Taxes
-€3,258
Result 2025
€230,611
raises the resultlowers the result
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.
From operations
-€183,757
Investment
-€139,517
Financing
+€296,133
Cash 2024
€526,241
From operations (derived)
-€183,757
Net result for the year
+€230,611
Depreciation
+€108,876
Stocks and contracts
-€205,281
Receivables within one year
-€597,558
Deferred charges and accrued income
-€31,725
Provisions
-€52,620
Trade debts
+€181,368
Tax, wage and social debts
-€38,656
Accrued charges and deferred income
+€221,227
Investment (derived)
-€139,517
Investment in fixed assets (net)
-€139,517
Financing
+€296,133
Debts after one year
+€30,909
Current portion of long-term debt
+€16,224
Short-term financial debts
+€250,000
Contributions, distributions and other
-€1,000
Cash 2025
€499,100
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,314,361 | €3,152,424 | +€838,062 | +36.2% |
| Fixed assets | 21/28 | €241,953 | €272,594 | +€30,641 | +12.7% |
| Intangible fixed assets | 21 | €216 | €0 | -€216 | -100% |
| Tangible fixed assets | 22/27 | €241,737 | €272,594 | +€30,857 | +12.8% |
| Plant, machinery and equipment | 23 | €26,790 | €30,080 | +€3,290 | +12.3% |
| Furniture and vehicles | 24 | €110,457 | €159,852 | +€49,394 | +44.7% |
| Leasing and similar rights | 25 | €8,886 | €2,043 | -€6,843 | -77.0% |
| Other tangible fixed assets | 26 | €95,604 | €80,619 | -€14,985 | -15.7% |
| Current assets | 29/58 | €2,072,408 | €2,879,830 | +€807,422 | +39.0% |
| Stocks and contracts in progress | 3 | €794,174 | €999,455 | +€205,281 | +25.8% |
| Stocks | 30/36 | €794,174 | €999,455 | +€205,281 | +25.8% |
| Amounts receivable within one year | 40/41 | €697,535 | €1,295,093 | +€597,558 | +85.7% |
| Trade receivables | 40 | €683,470 | €1,234,159 | +€550,688 | +80.6% |
| Other amounts receivable | 41 | €14,065 | €60,934 | +€46,869 | +333% |
| Cash at bank and in hand | 54/58 | €526,241 | €499,100 | -€27,141 | -5.2% |
| Deferred charges and accrued income | 490/1 | €54,458 | €86,182 | +€31,725 | +58.3% |
| Total equity and liabilities | 10/49 | €2,314,361 | €3,152,424 | +€838,062 | +36.2% |
| Equity | 10/15 | €1,046,825 | €1,276,436 | +€229,611 | +21.9% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €983,825 | €1,214,436 | +€230,611 | +23.4% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Distributable reserves | 133 | €977,625 | €1,208,236 | +€230,611 | +23.6% |
| Investment grants | 15 | €1,000 | €0 | -€1,000 | -100% |
| Provisions and deferred taxes | 16 | €77,766 | €25,146 | -€52,620 | -67.7% |
| Provisions for liabilities and charges | 160/5 | €77,766 | €25,146 | -€52,620 | -67.7% |
| Environmental obligations | 163 | €0 | - | = | |
| Other liabilities and charges | 164/5 | €77,766 | €25,146 | -€52,620 | -67.7% |
| Amounts payable | 17/49 | €1,189,771 | €1,850,842 | +€661,072 | +55.6% |
| Amounts payable after more than one year | 17 | €96,475 | €127,384 | +€30,909 | +32.0% |
| Financial debts | 170/4 | €96,475 | €127,384 | +€30,909 | +32.0% |
| Amounts payable within one year | 42/48 | €937,016 | €1,345,952 | +€408,936 | +43.6% |
| Current portion of amounts payable after more than one year | 42 | €45,558 | €61,782 | +€16,224 | +35.6% |
| Financial debts | 43 | €375,000 | €625,000 | +€250,000 | +66.7% |
| Credit institutions | 430/8 | €375,000 | €625,000 | +€250,000 | +66.7% |
| Trade debts | 44 | €300,336 | €481,704 | +€181,368 | +60.4% |
| Suppliers | 440/4 | €300,336 | €481,704 | +€181,368 | +60.4% |
| Taxes, remuneration and social security | 45 | €216,122 | €177,466 | -€38,656 | -17.9% |
| Taxes | 450/3 | €70,263 | €51,922 | -€18,341 | -26.1% |
| Remuneration and social security | 454/9 | €145,859 | €125,544 | -€20,315 | -13.9% |
| Accrued charges and deferred income | 492/3 | €156,280 | €377,507 | +€221,227 | +142% |
| Remuneration, social security and pensions | 62 | €822,628 | €976,130 | +€153,501 | +18.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €112,282 | €108,876 | -€3,406 | -3.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€11,307 | -€2,154 | +€9,153 | +80.9% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | -€35,249 | -€52,620 | -€17,371 | -49.3% |
| Other operating charges | 640/8 | €33,223 | €31,024 | -€2,199 | -6.6% |
| Gross operating margin | 9900 | €1,263,272 | €1,395,706 | +€132,433 | +10.5% |
| Operating profit (loss) | 9901 | €341,695 | €334,450 | -€7,245 | -2.1% |
| Financial income | 75/76B | €3,306 | €5,775 | +€2,469 | +74.7% |
| Recurring financial income | 75 | €3,306 | €5,775 | +€2,469 | +74.7% |
| Financial charges | 65/66B | €30,989 | €21,299 | -€9,690 | -31.3% |
| Recurring financial charges | 65 | €30,989 | €21,299 | -€9,690 | -31.3% |
| Profit (loss) for the period before taxes | 9903 | €314,013 | €318,926 | +€4,913 | +1.6% |
| Income taxes | 67/77 | €85,057 | €88,315 | +€3,258 | +3.8% |
| Profit (loss) for the period | 9904 | €228,955 | €230,611 | +€1,655 | +0.7% |
| Profit (loss) for the period to be appropriated | 9905 | €228,955 | €230,611 | +€1,655 | +0.7% |
Next steps
Work out how much credit to give this customer and on what payment terms.Credit check Check what to know before you do business with this company.Supplier due diligence Check whether you can accept this company as a client under the anti-money-laundering law.AML client file Compare this company with its sector.Sector benchmark
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 5 November 2026 via checked.be.