Code Minéral: 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.
Code Minéral
Largest movements
- Cash +€4,624
up €4,624 (+78.9%), from €5,863 to €10,487
mainly Net result for the year (+€5,969) and Deferred charges and accrued income (+€786)
- Receivables within one year +€797
up €797 (+4.4%), from €18,305 to €19,103
of which Other amounts receivable: +€2,014
- Deferred charges and accrued income -€786
down €786 (-31.1%), from €2,526 to €1,740
- Formation expenses -€395
down €395 (-27.1%), from €1,459 to €1,064
- Stocks and contracts -€366
down €366 (-35.9%), from €1,021 to €655
- Profit (loss) carried forward +€5,969
up €5,969 (+39.2%), from €15,234 to €21,203
- Tax, wage and social debts -€2,082
down €2,082 (-18.2%), from €11,427 to €9,345
- Gross operating margin +€16,032
up €16,032 (+544.3%), from €2,945 to €18,978
- Other operating charges +€8,400
new in 2025: €8,400
- Taxes +€1,904
up €1,904 (+206.5%), from €922 to €2,826
- Financial charges +€1,438
up €1,438, from -€49 to €1,389
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 | €29,174 | €33,049 | +€3,875 | +13.3% |
| Formation expenses | 20 | €1,459 | €1,064 | -€395 | -27.1% |
| Current assets | 29/58 | €27,715 | €31,985 | +€4,269 | +15.4% |
| Stocks and contracts in progress | 3 | €1,021 | €655 | -€366 | -35.9% |
| Stocks | 30/36 | €1,021 | €655 | -€366 | -35.9% |
| Amounts receivable within one year | 40/41 | €18,305 | €19,103 | +€797 | +4.4% |
| Trade receivables | 40 | €9,346 | €8,129 | -€1,216 | -13.0% |
| Other amounts receivable | 41 | €8,960 | €10,973 | +€2,014 | +22.5% |
| Cash at bank and in hand | 54/58 | €5,863 | €10,487 | +€4,624 | +78.9% |
| Deferred charges and accrued income | 490/1 | €2,526 | €1,740 | -€786 | -31.1% |
| Total equity and liabilities | 10/49 | €29,174 | €33,049 | +€3,875 | +13.3% |
| Equity | 10/15 | €17,734 | €23,703 | +€5,969 | +33.7% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €15,234 | €21,203 | +€5,969 | +39.2% |
| Amounts payable | 17/49 | €11,440 | €9,345 | -€2,095 | -18.3% |
| Amounts payable within one year | 42/48 | €11,440 | €9,345 | -€2,095 | -18.3% |
| Trade debts | 44 | €13 | - | -€13 | |
| Suppliers | 440/4 | €13 | €0 | -€13 | -100.0% |
| Taxes, remuneration and social security | 45 | €11,427 | €9,345 | -€2,082 | -18.2% |
| Taxes | 450/3 | €11,427 | €9,345 | -€2,082 | -18.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €395 | €395 | = | 0.0% |
| Other operating charges | 640/8 | - | €8,400 | +€8,400 | |
| Gross operating margin | 9900 | €2,945 | €18,978 | +€16,032 | +544.3% |
| Operating profit (loss) | 9901 | €2,551 | €10,183 | +€7,632 | +299.2% |
| Financial income | 75/76B | €2 | €1 | -€1 | -62.5% |
| Recurring financial income | 75 | €2 | €1 | -€1 | -62.5% |
| Financial charges | 65/66B | -€49 | €1,389 | +€1,438 | |
| Recurring financial charges | 65 | -€49 | €1,389 | +€1,438 | |
| Profit (loss) for the period before taxes | 9903 | €2,602 | €8,795 | +€6,193 | +238.0% |
| Income taxes | 67/77 | €922 | €2,826 | +€1,904 | +206.5% |
| Profit (loss) for the period | 9904 | €1,680 | €5,969 | +€4,289 | +255.3% |
| Profit (loss) for the period to be appropriated | 9905 | €1,680 | €5,969 | +€4,289 | +255.3% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 October 2026 via checked.be.