DUKE & MINGHELA: 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.
DUKE & MINGHELA
Largest movements
- Receivables within one year -€4,494
down €4,494 (-96.1%), from €4,676 to €182
of which Other amounts receivable: -€4,494
- Profit (loss) carried forward -€2,777
down €2,777 (-4.7%), from -€59,325 to -€62,103
- Other debts -€1,748
down €1,748 (-4.4%), from €39,335 to €37,587
- Advances received -€600
no longer reported in 2025 (was €600)
- Trade debts +€522
up €522 (+14.2%), from €3,687 to €4,209
- Tax, wage and social debts +€152
up €152 (+259%), from €59 to €210
- Gross operating margin -€1,693
down €1,693 (-283%), from -€597 to -€2,290
- Other operating charges -€387
no longer reported in 2025 (was €387)
- Staff costs -€381
down €381 (-53.1%), from €717 to €337
- Financial charges -€149
down €149 (-49.8%), from €300 to €151
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 | €4,815 | €364 | -€4,452 | -92.5% |
| Current assets | 29/58 | €4,815 | €364 | -€4,452 | -92.5% |
| Amounts receivable within one year | 40/41 | €4,676 | €182 | -€4,494 | -96.1% |
| Trade receivables | 40 | €56 | €56 | = | 0.0% |
| Other amounts receivable | 41 | €4,620 | €126 | -€4,494 | -97.3% |
| Cash at bank and in hand | 54/58 | €139 | €181 | +€42 | +30.3% |
| Total equity and liabilities | 10/49 | €4,815 | €364 | -€4,452 | -92.5% |
| Equity | 10/15 | -€38,865 | -€41,643 | -€2,777 | -7.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€59,325 | -€62,103 | -€2,777 | -4.7% |
| Amounts payable | 17/49 | €43,681 | €42,006 | -€1,674 | -3.8% |
| Amounts payable within one year | 42/48 | €43,681 | €42,006 | -€1,674 | -3.8% |
| Trade debts | 44 | €3,687 | €4,209 | +€522 | +14.2% |
| Suppliers | 440/4 | €3,687 | €4,209 | +€522 | +14.2% |
| Advances received on contracts in progress | 46 | €600 | - | -€600 | |
| Taxes, remuneration and social security | 45 | €59 | €210 | +€152 | +259% |
| Remuneration and social security | 454/9 | €59 | €210 | +€152 | +259% |
| Other amounts payable | 47/48 | €39,335 | €37,587 | -€1,748 | -4.4% |
| Remuneration, social security and pensions | 62 | €717 | €337 | -€381 | -53.1% |
| Other operating charges | 640/8 | €387 | - | -€387 | |
| Gross operating margin | 9900 | -€597 | -€2,290 | -€1,693 | -283% |
| Operating profit (loss) | 9901 | -€1,702 | -€2,627 | -€925 | -54.4% |
| Financial charges | 65/66B | €300 | €151 | -€149 | -49.8% |
| Recurring financial charges | 65 | €300 | €151 | -€149 | -49.8% |
| Profit (loss) for the period before taxes | 9903 | -€2,002 | -€2,777 | -€776 | -38.8% |
| Profit (loss) for the period | 9904 | -€2,002 | -€2,777 | -€776 | -38.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€2,002 | -€2,777 | -€776 | -38.8% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 25 October 2026 via checked.be.