BERNARD MIGNEAUX: what changed
BERNARD MIGNEAUX
Largest movements
- Cash +€32,828
up €32,828 (+11.9%), from €275,075 to €307,903
mainly Net result for the year (+€60,103) and Depreciation (+€11,844)
- Tangible fixed assets -€7,983
down €7,983 (-26.8%), from €29,753 to €21,770
of which Furniture and vehicles: -€10,072
- Receivables within one year -€5,442
down €5,442 (-21.4%), from €25,420 to €19,978
of which Other amounts receivable: -€5,442
- Reserves +€60,103
up €60,103 (+21.2%), from €283,856 to €343,959
- Other debts -€21,675
down €21,675 (-50.7%), from €42,785 to €21,110
- Contributions -€18,600
no longer reported in 2025 (was €18,600)
- Gross operating margin -€74,314
down €74,314 (-41.1%), from €180,819 to €106,505
- Taxes -€19,217
down €19,217 (-34.7%), from €55,349 to €36,132
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €346,096 | €366,154 | +€20,058 | +5.8% |
| Fixed assets | 21/28 | €29,753 | €21,770 | -€7,983 | -26.8% |
| Tangible fixed assets | 22/27 | €29,753 | €21,770 | -€7,983 | -26.8% |
| Plant, machinery and equipment | 23 | €1,753 | €3,842 | +€2,089 | +119% |
| Furniture and vehicles | 24 | €28,000 | €17,928 | -€10,072 | -36.0% |
| Current assets | 29/58 | €316,343 | €344,384 | +€28,041 | +8.9% |
| Stocks and contracts in progress | 3 | €11,824 | €10,395 | -€1,429 | -12.1% |
| Stocks | 30/36 | €11,824 | €10,395 | -€1,429 | -12.1% |
| Amounts receivable within one year | 40/41 | €25,420 | €19,978 | -€5,442 | -21.4% |
| Trade receivables | 40 | €10,000 | €10,000 | = | 0.0% |
| Other amounts receivable | 41 | €15,420 | €9,978 | -€5,442 | -35.3% |
| Cash at bank and in hand | 54/58 | €275,075 | €307,903 | +€32,828 | +11.9% |
| Deferred charges and accrued income | 490/1 | €4,024 | €6,108 | +€2,084 | +51.8% |
| Total equity and liabilities | 10/49 | €346,096 | €366,154 | +€20,058 | +5.8% |
| Equity | 10/15 | €302,456 | €343,959 | +€41,503 | +13.7% |
| Contributions | 10/11 | €18,600 | - | -€18,600 | |
| Reserves | 13 | €283,856 | €343,959 | +€60,103 | +21.2% |
| Distributable reserves | 133 | €283,856 | €343,959 | +€60,103 | +21.2% |
| Amounts payable | 17/49 | €43,640 | €22,195 | -€21,445 | -49.1% |
| Amounts payable within one year | 42/48 | €43,640 | €22,195 | -€21,445 | -49.1% |
| Trade debts | 44 | €855 | €1,085 | +€230 | +26.9% |
| Suppliers | 440/4 | €855 | €1,085 | +€230 | +26.9% |
| Other amounts payable | 47/48 | €42,785 | €21,110 | -€21,675 | -50.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,731 | €11,844 | +€113 | +1.0% |
| Other operating charges | 640/8 | €387 | €584 | +€197 | +50.9% |
| Gross operating margin | 9900 | €180,819 | €106,505 | -€74,314 | -41.1% |
| Operating profit (loss) | 9901 | €168,701 | €94,077 | -€74,624 | -44.2% |
| Financial income | 75/76B | €2,565 | €2,280 | -€285 | -11.1% |
| Recurring financial income | 75 | €2,565 | €2,280 | -€285 | -11.1% |
| Financial charges | 65/66B | €90 | €122 | +€32 | +35.6% |
| Recurring financial charges | 65 | €90 | €122 | +€32 | +35.6% |
| Profit (loss) for the period before taxes | 9903 | €171,176 | €96,235 | -€74,941 | -43.8% |
| Income taxes | 67/77 | €55,349 | €36,132 | -€19,217 | -34.7% |
| Profit (loss) for the period | 9904 | €115,827 | €60,103 | -€55,724 | -48.1% |
| Profit (loss) for the period to be appropriated | 9905 | €115,827 | €60,103 | -€55,724 | -48.1% |
Next steps
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 4 November 2026 via checked.be.