M.nima: 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.
M.nima
Largest movements
- Receivables within one year +€21,208
up €21,208 (+76.5%), from €27,717 to €48,925
of which Other amounts receivable: +€18,631
- Cash +€8,157
up €8,157 (+312%), from €2,614 to €10,771
mainly Trade debts (+€17,117) and Net result for the year (+€12,426)
- Deferred charges and accrued income +€2,440
new in 2025: €2,440
- Tangible fixed assets -€945
down €945 (-24.1%), from €3,922 to €2,977
of which Plant, machinery and equipment: -€2,049
- Trade debts +€17,117
up €17,117 (+1,497%), from €1,144 to €18,261
- Reserves +€12,426
up €12,426 (+173%), from €7,195 to €19,621
- Tax, wage and social debts +€2,023
up €2,023 (+8.1%), from €25,100 to €27,123
- Gross operating margin +€22,519
up €22,519 (+1,141%), from €1,974 to €24,492
- Taxes +€5,812
up €5,812 (+795%), from €731 to €6,543
- Other operating charges +€1,703
up €1,703 (+181%), from €940 to €2,643
- Financial charges +€764
up €764 (+392%), from €195 to €959
- Financial income +€570
up €570 (+99.4%), from €573 to €1,143
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 | €34,253 | €65,113 | +€30,860 | +90.1% |
| Fixed assets | 21/28 | €3,922 | €2,977 | -€945 | -24.1% |
| Tangible fixed assets | 22/27 | €3,922 | €2,977 | -€945 | -24.1% |
| Plant, machinery and equipment | 23 | €3,160 | €1,110 | -€2,049 | -64.9% |
| Furniture and vehicles | 24 | €762 | €1,867 | +€1,105 | +145% |
| Current assets | 29/58 | €30,331 | €62,136 | +€31,805 | +105% |
| Amounts receivable within one year | 40/41 | €27,717 | €48,925 | +€21,208 | +76.5% |
| Trade receivables | 40 | €12,693 | €15,270 | +€2,577 | +20.3% |
| Other amounts receivable | 41 | €15,024 | €33,655 | +€18,631 | +124% |
| Cash at bank and in hand | 54/58 | €2,614 | €10,771 | +€8,157 | +312% |
| Deferred charges and accrued income | 490/1 | - | €2,440 | +€2,440 | |
| Total equity and liabilities | 10/49 | €34,253 | €65,113 | +€30,860 | +90.1% |
| Equity | 10/15 | €7,304 | €19,730 | +€12,426 | +170% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €7,195 | €19,621 | +€12,426 | +173% |
| Distributable reserves | 133 | €7,195 | €19,621 | +€12,426 | +173% |
| Profit (loss) carried forward | 14 | -€1,891 | -€1,891 | = | 0.0% |
| Amounts payable | 17/49 | €26,949 | €45,383 | +€18,435 | +68.4% |
| Amounts payable within one year | 42/48 | €26,603 | €45,383 | +€18,780 | +70.6% |
| Trade debts | 44 | €1,144 | €18,261 | +€17,117 | +1,497% |
| Suppliers | 440/4 | €1,144 | €18,261 | +€17,117 | +1,497% |
| Advances received on contracts in progress | 46 | €360 | - | -€360 | |
| Taxes, remuneration and social security | 45 | €25,100 | €27,123 | +€2,023 | +8.1% |
| Taxes | 450/3 | €25,100 | €27,123 | +€2,023 | +8.1% |
| Accrued charges and deferred income | 492/3 | €345 | - | -€345 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,573 | €2,303 | -€270 | -10.5% |
| Other operating charges | 640/8 | €940 | €2,643 | +€1,703 | +181% |
| Non-recurring operating charges | 66A | - | €762 | +€762 | |
| Gross operating margin | 9900 | €1,974 | €24,492 | +€22,519 | +1,141% |
| Operating profit (loss) | 9901 | -€1,538 | €18,785 | +€20,323 | |
| Financial income | 75/76B | €573 | €1,143 | +€570 | +99.4% |
| Recurring financial income | 75 | €573 | €1,143 | +€570 | +99.4% |
| Financial charges | 65/66B | €195 | €959 | +€764 | +392% |
| Recurring financial charges | 65 | €195 | €959 | +€764 | +392% |
| Profit (loss) for the period before taxes | 9903 | -€1,160 | €18,968 | +€20,128 | |
| Income taxes | 67/77 | €731 | €6,543 | +€5,812 | +795% |
| Profit (loss) for the period | 9904 | -€1,891 | €12,426 | +€14,317 | |
| Profit (loss) for the period to be appropriated | 9905 | -€1,891 | €12,426 | +€14,317 |
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 22 October 2026 via checked.be.