MILES Mobility Belgium: what changed
What changed
MILES Mobility Belgium
NACE 77.110, Renting and leasing of cars and light motor vehicles
filed annual accounts (NBB)
Net result for the year
-€14.8m
2023 · -€4.6m-€10.3m
Equity
-€20.4m
2023 · -€5.5m-€14.8m
Cash
€851,379
2023 · €571,688+€279,692
Balance sheet total
€2.9m
2023 · €1.3m+€1.6m
Largest movements
Assets
- Receivables within one year +€1.3m
up €1.3m (+318%), from €413,413 to €1.7m
of which Trade receivables: +€1.3m
- Cash +€279,692
up €279,692 (+48.9%), from €571,688 to €851,379
mainly Provisions (+€9.8m) and Other debts (+€6.2m)
- Stocks and contracts +€108,395
up €108,395 (+152%), from €71,269 to €179,663
- Deferred charges and accrued income -€79,463
down €79,463 (-37.3%), from €213,072 to €133,608
- Financial fixed assets +€30,470
up €30,470 (+158%), from €19,244 to €49,714
Equity and liabilities
- Profit (loss) carried forward -€14.8m
down €14.8m (-267%), from -€5.6m to -€20.4m
- Provisions +€9.8m
up €9.8m (+1,656%), from €591,415 to €10.4m
- Other debts +€6.2m
up €6.2m (+131%), from €4.7m to €10.9m
- Accrued charges and deferred income +€658,654
up €658,654 (+88.0%), from €748,518 to €1.4m
- Trade debts -€338,182
down €338,182 (-61.7%), from €547,798 to €209,617
Income statement
- Provisions +€9.2m
up €9.2m (+2,278%), from €404,564 to €9.6m
- Write-downs +€615,854
up €615,854 (+124%), from €497,078 to €1.1m
- Staff costs +€461,408
up €461,408 (+25.3%), from €1.8m to €2.3m
- Gross operating margin +€348,932
up €348,932 (+22.0%), from -€1.6m to -€1.2m
- Financial charges +€311,689
up €311,689 (+128%), from €243,107 to €554,796
Change in the result, 2023 to 2024
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 2023
-€4.6m
Gross operating margin
+€348,932
Staff costs
-€461,408
Depreciation
+€3,601
Write-downs
-€615,854
Provisions
-€9.2m
Other operating charges
+€2,245
Other operating items
-€33,288
Financial income
+€79
Financial charges
-€311,689
Result 2024
-€14.8m
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
The bridge is derived from the 2023 and 2024 balance sheets and the 2024 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€293,199
Investment
-€13,507
Financing
€0
Cash 2023
€571,688
From operations (derived)
+€293,199
Net result for the year
-€14.8m
Stocks and contracts
-€108,395
Receivables within one year
-€1.3m
Deferred charges and accrued income
+€79,463
Provisions
+€9.8m
Trade debts
-€338,182
Tax, wage and social debts
+€191,161
Other debts
+€6.2m
Accrued charges and deferred income
+€658,654
Investment (derived)
-€13,507
Investment in fixed assets (net)
-€13,507
Cash 2024
€851,379
brings cash intakes cash out
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,305,648 | €2,942,406 | +€1.6m | +125% |
| Fixed assets | 21/28 | €36,207 | €49,714 | +€13,507 | +37.3% |
| Intangible fixed assets | 21 | €4,982 | €0 | -€4,982 | -100% |
| Tangible fixed assets | 22/27 | €11,981 | €0 | -€11,981 | -100% |
| Plant, machinery and equipment | 23 | €10,951 | €0 | -€10,951 | -100% |
| Furniture and vehicles | 24 | €1,030 | €0 | -€1,030 | -100% |
| Financial fixed assets | 28 | €19,244 | €49,714 | +€30,470 | +158% |
| Current assets | 29/58 | €1,269,441 | €2,892,692 | +€1.6m | +128% |
| Stocks and contracts in progress | 3 | €71,269 | €179,663 | +€108,395 | +152% |
| Stocks | 30/36 | €71,269 | €179,663 | +€108,395 | +152% |
| Amounts receivable within one year | 40/41 | €413,413 | €1,728,041 | +€1.3m | +318% |
| Trade receivables | 40 | €401,113 | €1,728,041 | +€1.3m | +331% |
| Other amounts receivable | 41 | €12,300 | €0 | -€12,300 | -100% |
| Cash at bank and in hand | 54/58 | €571,688 | €851,379 | +€279,692 | +48.9% |
| Deferred charges and accrued income | 490/1 | €213,072 | €133,608 | -€79,463 | -37.3% |
| Total equity and liabilities | 10/49 | €1,305,648 | €2,942,406 | +€1.6m | +125% |
| Equity | 10/15 | -€5,533,022 | -€20,379,228 | -€14.8m | -268% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€5,553,022 | -€20,399,228 | -€14.8m | -267% |
| Provisions and deferred taxes | 16 | €591,415 | €10,383,453 | +€9.8m | +1,656% |
| Provisions for liabilities and charges | 160/5 | €591,415 | €10,383,453 | +€9.8m | +1,656% |
| Other liabilities and charges | 164/5 | €591,415 | €10,383,453 | +€9.8m | +1,656% |
| Amounts payable | 17/49 | €6,247,254 | €12,938,180 | +€6.7m | +107% |
| Amounts payable within one year | 42/48 | €5,498,736 | €11,531,008 | +€6.0m | +110% |
| Trade debts | 44 | €547,798 | €209,617 | -€338,182 | -61.7% |
| Suppliers | 440/4 | €547,798 | €209,617 | -€338,182 | -61.7% |
| Taxes, remuneration and social security | 45 | €219,320 | €410,481 | +€191,161 | +87.2% |
| Taxes | 450/3 | €72,836 | €160,360 | +€87,523 | +120% |
| Remuneration and social security | 454/9 | €146,484 | €250,122 | +€103,638 | +70.8% |
| Other amounts payable | 47/48 | €4,731,617 | €10,910,910 | +€6.2m | +131% |
| Accrued charges and deferred income | 492/3 | €748,518 | €1,407,172 | +€658,654 | +88.0% |
| Non-recurring operating income | 76A | €1,537 | €51,653 | +€50,116 | +3,261% |
| Remuneration, social security and pensions | 62 | €1,825,331 | €2,286,740 | +€461,408 | +25.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,601 | €0 | -€3,601 | -100% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €497,078 | €1,112,931 | +€615,854 | +124% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €404,564 | €9,619,246 | +€9.2m | +2,278% |
| Other operating charges | 640/8 | €2,548 | €303 | -€2,245 | -88.1% |
| Non-recurring operating charges | 66A | - | €33,288 | +€33,288 | |
| Gross operating margin | 9900 | -€1,587,913 | -€1,238,981 | +€348,932 | +22.0% |
| Operating profit (loss) | 9901 | -€4,321,036 | -€14,291,489 | -€10.0m | -231% |
| Financial income | 75/76B | €0 | €79 | +€79 | +87,833% |
| Recurring financial income | 75 | €0 | €79 | +€79 | +87,833% |
| Financial charges | 65/66B | €243,107 | €554,796 | +€311,689 | +128% |
| Recurring financial charges | 65 | €243,107 | €554,796 | +€311,689 | +128% |
| Profit (loss) for the period before taxes | 9903 | -€4,564,143 | -€14,846,206 | -€10.3m | -225% |
| Profit (loss) for the period | 9904 | -€4,564,143 | -€14,846,206 | -€10.3m | -225% |
| Profit (loss) for the period to be appropriated | 9905 | -€4,564,143 | -€14,846,206 | -€10.3m | -225% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.