B-MINE: 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.
B-MINE
Largest movements
- Receivables within one year +€103,554
up €103,554 (+46.1%), from €224,750 to €328,303
of which Trade receivables: +€112,645
- Tangible fixed assets +€74,773
up €74,773 (+32.6%), from €229,392 to €304,165
of which Furniture and vehicles: +€69,618
- Cash +€8,422
up €8,422 (+16.0%), from €52,486 to €60,909
mainly Net result for the year (+€123,163) and Tax, wage and social debts (+€32,010)
- Reserves +€121,302
up €121,302 (+64.0%), from €189,576 to €310,878
- Tax, wage and social debts +€32,010
up €32,010 (+52.1%), from €61,494 to €93,504
of which Remuneration and social security: +€16,361
- Debts after one year +€18,332
up €18,332 (+9.4%), from €194,917 to €213,249
- Current portion of long-term debt +€12,943
up €12,943 (+124%), from €10,455 to €23,398
- Gross operating margin +€120,880
up €120,880 (+51.8%), from €233,478 to €354,359
- Staff costs +€87,192
up €87,192 (+180%), from €48,347 to €135,539
- Other operating charges -€16,764
down €16,764 (-69.8%), from €24,002 to €7,239
- Depreciation +€12,850
up €12,850 (+193%), from €6,652 to €19,503
- Taxes +€7,461
up €7,461 (+22.5%), from €33,210 to €40,670
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 | €515,513 | €705,986 | +€190,473 | +36.9% |
| Fixed assets | 21/28 | €235,242 | €310,015 | +€74,773 | +31.8% |
| Tangible fixed assets | 22/27 | €229,392 | €304,165 | +€74,773 | +32.6% |
| Land and buildings | 22 | €221,474 | €226,149 | +€4,675 | +2.1% |
| Plant, machinery and equipment | 23 | €2,895 | €1,860 | -€1,035 | -35.8% |
| Furniture and vehicles | 24 | €2,638 | €72,256 | +€69,618 | +2,639% |
| Other tangible fixed assets | 26 | €2,385 | €3,900 | +€1,515 | +63.5% |
| Financial fixed assets | 28 | €5,850 | €5,850 | = | 0.0% |
| Current assets | 29/58 | €280,271 | €395,970 | +€115,700 | +41.3% |
| Amounts receivable within one year | 40/41 | €224,750 | €328,303 | +€103,554 | +46.1% |
| Trade receivables | 40 | €203,856 | €316,501 | +€112,645 | +55.3% |
| Other amounts receivable | 41 | €20,894 | €11,803 | -€9,091 | -43.5% |
| Cash at bank and in hand | 54/58 | €52,486 | €60,909 | +€8,422 | +16.0% |
| Deferred charges and accrued income | 490/1 | €3,035 | €6,758 | +€3,724 | +123% |
| Total equity and liabilities | 10/49 | €515,513 | €705,986 | +€190,473 | +36.9% |
| Equity | 10/15 | €190,576 | €311,878 | +€121,302 | +63.6% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €189,576 | €310,878 | +€121,302 | +64.0% |
| Distributable reserves | 133 | €189,576 | €310,878 | +€121,302 | +64.0% |
| Amounts payable | 17/49 | €324,936 | €394,107 | +€69,171 | +21.3% |
| Amounts payable after more than one year | 17 | €194,917 | €213,249 | +€18,332 | +9.4% |
| Financial debts | 170/4 | €194,917 | €213,249 | +€18,332 | +9.4% |
| Amounts payable within one year | 42/48 | €130,019 | €180,858 | +€50,839 | +39.1% |
| Current portion of amounts payable after more than one year | 42 | €10,455 | €23,398 | +€12,943 | +124% |
| Trade debts | 44 | €56,470 | €62,290 | +€5,821 | +10.3% |
| Suppliers | 440/4 | €56,470 | €62,290 | +€5,821 | +10.3% |
| Taxes, remuneration and social security | 45 | €61,494 | €93,504 | +€32,010 | +52.1% |
| Taxes | 450/3 | €52,215 | €67,864 | +€15,649 | +30.0% |
| Remuneration and social security | 454/9 | €9,280 | €25,640 | +€16,361 | +176% |
| Other amounts payable | 47/48 | €1,600 | €1,666 | +€66 | +4.1% |
| Remuneration, social security and pensions | 62 | €48,347 | €135,539 | +€87,192 | +180% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,652 | €19,503 | +€12,850 | +193% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €11,786 | €17,084 | +€5,298 | +44.9% |
| Other operating charges | 640/8 | €24,002 | €7,239 | -€16,764 | -69.8% |
| Gross operating margin | 9900 | €233,478 | €354,359 | +€120,880 | +51.8% |
| Operating profit (loss) | 9901 | €142,690 | €174,995 | +€32,305 | +22.6% |
| Financial income | 75/76B | €941 | €842 | -€99 | -10.5% |
| Recurring financial income | 75 | €941 | €842 | -€99 | -10.5% |
| Financial charges | 65/66B | €15,519 | €12,004 | -€3,515 | -22.6% |
| Recurring financial charges | 65 | €15,519 | €12,004 | -€3,515 | -22.6% |
| Profit (loss) for the period before taxes | 9903 | €128,112 | €163,833 | +€35,721 | +27.9% |
| Income taxes | 67/77 | €33,210 | €40,670 | +€7,461 | +22.5% |
| Profit (loss) for the period | 9904 | €94,903 | €123,163 | +€28,260 | +29.8% |
| Profit (loss) for the period to be appropriated | 9905 | €94,903 | €123,163 | +€28,260 | +29.8% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 18 October 2026 via checked.be.