MI&NT: 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.
MI&NT
Largest movements
- Deferred charges and accrued income +€39,360
up €39,360 (+480.0%), from €8,200 to €47,560
- Receivables within one year +€23,328
up €23,328 (+21.9%), from €106,346 to €129,673
- Tangible fixed assets -€20,609
down €20,609 (-10.7%), from €192,081 to €171,472
of which Furniture and vehicles: -€17,166
- Cash +€7,643
up €7,643 (+15.0%), from €50,843 to €58,486
mainly Net result for the year (+€46,690) and Tax, wage and social debts (+€28,558)
- Reserves +€32,500
up €32,500 (+20.4%), from €159,160 to €191,660
of which Distributable reserves: +€32,500
- Tax, wage and social debts +€28,558
up €28,558 (+208.6%), from €13,687 to €42,245
- Debts after one year -€13,245
down €13,245 (-10.6%), from €124,473 to €111,228
- Gross operating margin +€26,601
up €26,601 (+40.3%), from €65,998 to €92,599
- Turnover +€23,489
up €23,489 (+14.2%), from €164,961 to €188,450
- Taxes +€7,638
up €7,638 (+66.2%), from €11,540 to €19,178
- Financial charges -€3,203
down €3,203 (-16.6%), from €19,244 to €16,042
- Purchases and services -€2,897
down €2,897 (-2.9%), from €99,203 to €96,305
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 | €357,770 | €407,492 | +€49,722 | +13.9% |
| Fixed assets | 21/28 | €192,381 | €171,772 | -€20,609 | -10.7% |
| Tangible fixed assets | 22/27 | €192,081 | €171,472 | -€20,609 | -10.7% |
| Land and buildings | 22 | €174,915 | €168,402 | -€6,513 | -3.7% |
| Plant, machinery and equipment | 23 | - | €3,071 | +€3,071 | |
| Furniture and vehicles | 24 | €17,166 | - | -€17,166 | |
| Financial fixed assets | 28 | €300 | €300 | = | 0.0% |
| Current assets | 29/58 | €165,389 | €235,719 | +€70,330 | +42.5% |
| Amounts receivable within one year | 40/41 | €106,346 | €129,673 | +€23,328 | +21.9% |
| Other amounts receivable | 41 | €106,346 | €129,673 | +€23,328 | +21.9% |
| Cash at bank and in hand | 54/58 | €50,843 | €58,486 | +€7,643 | +15.0% |
| Deferred charges and accrued income | 490/1 | €8,200 | €47,560 | +€39,360 | +480.0% |
| Total equity and liabilities | 10/49 | €357,770 | €407,492 | +€49,722 | +13.9% |
| Equity | 10/15 | €181,515 | €214,205 | +€32,690 | +18.0% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €159,160 | €191,660 | +€32,500 | +20.4% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €157,300 | €189,800 | +€32,500 | +20.7% |
| Profit (loss) carried forward | 14 | €16,155 | €16,345 | +€190 | +1.2% |
| Amounts payable | 17/49 | €176,255 | €193,287 | +€17,031 | +9.7% |
| Amounts payable after more than one year | 17 | €124,473 | €111,228 | -€13,245 | -10.6% |
| Financial debts | 170/4 | €124,473 | €111,228 | -€13,245 | -10.6% |
| Amounts payable within one year | 42/48 | €51,783 | €82,059 | +€30,276 | +58.5% |
| Current portion of amounts payable after more than one year | 42 | €12,872 | €13,245 | +€373 | +2.9% |
| Trade debts | 44 | €25,224 | €26,569 | +€1,346 | +5.3% |
| Suppliers | 440/4 | €25,224 | €26,569 | +€1,346 | +5.3% |
| Taxes, remuneration and social security | 45 | €13,687 | €42,245 | +€28,558 | +208.6% |
| Taxes | 450/3 | €13,687 | €42,245 | +€28,558 | +208.6% |
| Turnover | 70 | €164,961 | €188,450 | +€23,489 | +14.2% |
| Non-recurring operating income | 76A | €240 | €455 | +€215 | +89.6% |
| Goods, raw materials, services and sundry goods | 60/61 | €99,203 | €96,305 | -€2,897 | -2.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,027 | €7,801 | -€226 | -2.8% |
| Other operating charges | 640/8 | €3,071 | €2,888 | -€183 | -6.0% |
| Gross operating margin | 9900 | €65,998 | €92,599 | +€26,601 | +40.3% |
| Operating profit (loss) | 9901 | €54,900 | €81,910 | +€27,010 | +49.2% |
| Financial income | 75/76B | €16 | - | -€16 | |
| Recurring financial income | 75 | €16 | - | -€16 | |
| Financial charges | 65/66B | €19,244 | €16,042 | -€3,203 | -16.6% |
| Recurring financial charges | 65 | €19,244 | €16,042 | -€3,203 | -16.6% |
| Profit (loss) for the period before taxes | 9903 | €35,672 | €65,868 | +€30,197 | +84.7% |
| Income taxes | 67/77 | €11,540 | €19,178 | +€7,638 | +66.2% |
| Profit (loss) for the period | 9904 | €24,131 | €46,690 | +€22,559 | +93.5% |
| Profit (loss) for the period to be appropriated | 9905 | €24,131 | €46,690 | +€22,559 | +93.5% |
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 7 October 2026 via checked.be.