Miles & Stones: what changed
What changed
Miles & Stones
NACE 68.203, Renting and operating of own or leased non-residential real estate, excluding land
filed annual accounts (NBB)
Net result for the year
-€6,199
2024 · -€14,321+€8,122
Equity
-€36,860
2024 · -€30,661-€6,199
Cash
€343
2024 · €819-€476
Balance sheet total
€531,019
2024 · €546,962-€15,943
Largest movements
Assets
- Tangible fixed assets -€15,660
down €15,660 (-2.9%), from €544,939 to €529,279
Equity and liabilities
- Debts after one year -€169,964
down €169,964 (-39.1%), from €434,450 to €264,487
- Other debts +€155,844
up €155,844 (+146%), from €106,854 to €262,698
- Profit (loss) carried forward -€6,199
down €6,199 (-12.2%), from -€50,661 to -€56,860
Income statement
- Gross operating margin +€4,158
up €4,158 (+24.7%), from €16,858 to €21,015
- Other operating charges -€3,862
down €3,862 (-44.1%), from €8,766 to €4,904
- Financial charges -€351
down €351 (-6.5%), from €5,410 to €5,059
- Depreciation +€249
up €249 (+1.5%), from €17,002 to €17,251
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
-€14,321
Gross operating margin
+€4,158
Depreciation
-€249
Other operating charges
+€3,862
Financial charges
+€351
Result 2025
-€6,199
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
+€170,615
Investment
-€1,591
Financing
-€169,500
Cash 2024
€819
From operations (derived)
+€170,615
Net result for the year
-€6,199
Depreciation
+€17,251
Receivables within one year
-€887
Deferred charges and accrued income
+€693
Trade debts
+€3,912
Other debts
+€155,844
Investment (derived)
-€1,591
Investment in fixed assets (net)
-€1,591
Financing
-€169,500
Debts after one year
-€169,964
Current portion of long-term debt
+€463
Cash 2025
€343
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €546,962 | €531,019 | -€15,943 | -2.9% |
| Fixed assets | 21/28 | €544,939 | €529,279 | -€15,660 | -2.9% |
| Tangible fixed assets | 22/27 | €544,939 | €529,279 | -€15,660 | -2.9% |
| Land and buildings | 22 | €544,939 | €529,279 | -€15,660 | -2.9% |
| Current assets | 29/58 | €2,023 | €1,740 | -€283 | -14.0% |
| Amounts receivable within one year | 40/41 | - | €887 | +€887 | |
| Trade receivables | 40 | - | €800 | +€800 | |
| Other amounts receivable | 41 | - | €87 | +€87 | |
| Cash at bank and in hand | 54/58 | €819 | €343 | -€476 | -58.2% |
| Deferred charges and accrued income | 490/1 | €1,204 | €511 | -€693 | -57.6% |
| Total equity and liabilities | 10/49 | €546,962 | €531,019 | -€15,943 | -2.9% |
| Equity | 10/15 | -€30,661 | -€36,860 | -€6,199 | -20.2% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€50,661 | -€56,860 | -€6,199 | -12.2% |
| Amounts payable | 17/49 | €577,624 | €567,880 | -€9,744 | -1.7% |
| Amounts payable after more than one year | 17 | €434,450 | €264,487 | -€169,964 | -39.1% |
| Financial debts | 170/4 | €434,450 | €264,487 | -€169,964 | -39.1% |
| Amounts payable within one year | 42/48 | €143,173 | €303,393 | +€160,220 | +112% |
| Current portion of amounts payable after more than one year | 42 | €31,538 | €32,001 | +€463 | +1.5% |
| Trade debts | 44 | €4,781 | €8,693 | +€3,912 | +81.8% |
| Suppliers | 440/4 | €4,781 | €8,693 | +€3,912 | +81.8% |
| Other amounts payable | 47/48 | €106,854 | €262,698 | +€155,844 | +146% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,002 | €17,251 | +€249 | +1.5% |
| Other operating charges | 640/8 | €8,766 | €4,904 | -€3,862 | -44.1% |
| Gross operating margin | 9900 | €16,858 | €21,015 | +€4,158 | +24.7% |
| Operating profit (loss) | 9901 | -€8,911 | -€1,140 | +€7,771 | +87.2% |
| Financial charges | 65/66B | €5,410 | €5,059 | -€351 | -6.5% |
| Recurring financial charges | 65 | €5,410 | €5,059 | -€351 | -6.5% |
| Profit (loss) for the period before taxes | 9903 | -€14,321 | -€6,199 | +€8,122 | +56.7% |
| Profit (loss) for the period | 9904 | -€14,321 | -€6,199 | +€8,122 | +56.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€14,321 | -€6,199 | +€8,122 | +56.7% |
Next steps
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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 3 November 2026 via checked.be.