Miles@head: what changed
Two fiscal 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@head
Largest movements
- Receivables within one year -€16,727
down €16,727 (-98.9%), from €16,915 to €188
of which Trade receivables: -€14,000
- Cash -€2,917
no longer reported in 2025 (was €2,917)
mainly Net result for the year (-€25,024) and Tax, wage and social debts (-€1,131)
- Stocks and contracts -€1,993
down €1,993 (-60.3%), from €3,303 to €1,310
- Tangible fixed assets -€1,508
down €1,508 (-14.1%), from €10,694 to €9,186
of which Plant, machinery and equipment: -€1,436
- Deferred charges and accrued income -€477
down €477 (-57.5%), from €830 to €353
- Profit (loss) carried forward -€25,024
down €25,024 (-93.1%), from €26,881 to €1,857
- Short-term financial debts +€3,145
new in 2025: €3,145
- Tax, wage and social debts -€1,131
no longer reported in 2025 (was €1,131)
- Other debts -€583
no longer reported in 2025 (was €583)
- Gross operating margin -€36,738
down €36,738, from €15,207 to -€21,532
- Depreciation -€11,544
down €11,544 (-88.4%), from €13,052 to €1,508
- Taxes -€881
no longer reported in 2025 (was €881)
- Other operating charges +€387
up €387 (+186.5%), from €208 to €595
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.
Cash bridge derived
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 | €34,660 | €11,037 | -€23,623 | -68.2% |
| Fixed assets | 21/28 | €10,694 | €9,186 | -€1,508 | -14.1% |
| Tangible fixed assets | 22/27 | €10,694 | €9,186 | -€1,508 | -14.1% |
| Plant, machinery and equipment | 23 | €10,434 | €8,998 | -€1,436 | -13.8% |
| Furniture and vehicles | 24 | €260 | €188 | -€72 | -27.8% |
| Current assets | 29/58 | €23,966 | €1,851 | -€22,115 | -92.3% |
| Stocks and contracts in progress | 3 | €3,303 | €1,310 | -€1,993 | -60.3% |
| Stocks | 30/36 | €3,303 | €1,310 | -€1,993 | -60.3% |
| Amounts receivable within one year | 40/41 | €16,915 | €188 | -€16,727 | -98.9% |
| Trade receivables | 40 | €14,000 | - | -€14,000 | |
| Other amounts receivable | 41 | €2,915 | €188 | -€2,727 | -93.6% |
| Cash at bank and in hand | 54/58 | €2,917 | - | -€2,917 | |
| Deferred charges and accrued income | 490/1 | €830 | €353 | -€477 | -57.5% |
| Total equity and liabilities | 10/49 | €34,660 | €11,037 | -€23,623 | -68.2% |
| Equity | 10/15 | €31,881 | €6,857 | -€25,024 | -78.5% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €26,881 | €1,857 | -€25,024 | -93.1% |
| Amounts payable | 17/49 | €2,779 | €4,180 | +€1,401 | +50.4% |
| Amounts payable within one year | 42/48 | €2,779 | €4,180 | +€1,401 | +50.4% |
| Financial debts | 43 | - | €3,145 | +€3,145 | |
| Credit institutions | 430/8 | - | €3,145 | +€3,145 | |
| Trade debts | 44 | €1,065 | €1,035 | -€30 | -2.8% |
| Suppliers | 440/4 | €1,065 | €1,035 | -€30 | -2.8% |
| Taxes, remuneration and social security | 45 | €1,131 | - | -€1,131 | |
| Taxes | 450/3 | €1,131 | - | -€1,131 | |
| Other amounts payable | 47/48 | €583 | - | -€583 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,052 | €1,508 | -€11,544 | -88.4% |
| Other operating charges | 640/8 | €208 | €595 | +€387 | +186.5% |
| Non-recurring operating charges | 66A | - | €1,248 | +€1,248 | |
| Gross operating margin | 9900 | €15,207 | -€21,532 | -€36,738 | |
| Operating profit (loss) | 9901 | €1,947 | -€24,883 | -€26,829 | |
| Financial income | 75/76B | €0 | €17 | +€17 | +84250.0% |
| Recurring financial income | 75 | €0 | €17 | +€17 | +84250.0% |
| Financial charges | 65/66B | €129 | €158 | +€29 | +22.1% |
| Recurring financial charges | 65 | €129 | €158 | +€29 | +22.1% |
| Profit (loss) for the period before taxes | 9903 | €1,817 | -€25,024 | -€26,841 | |
| Income taxes | 67/77 | €881 | - | -€881 | |
| Profit (loss) for the period | 9904 | €936 | -€25,024 | -€25,960 | |
| Profit (loss) for the period to be appropriated | 9905 | €936 | -€25,024 | -€25,960 |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.