MiaMina: 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.
MiaMina
Largest movements
- Cash +€34,296
up €34,296 (+128%), from €26,829 to €61,125
mainly Net result for the year (+€38,645) and Tax, wage and social debts (+€7,960)
- Tangible fixed assets +€6,937
up €6,937 (+792%), from €876 to €7,813
- Deferred charges and accrued income +€957
up €957 (+88.7%), from €1,078 to €2,035
- Reserves +€38,645
up €38,645 (+204%), from €18,986 to €57,632
- Tax, wage and social debts +€7,960
up €7,960 (+66.8%), from €11,919 to €19,879
- Other debts -€2,550
down €2,550 (-57.2%), from €4,461 to €1,911
- Trade debts -€2,072
down €2,072 (-60.9%), from €3,402 to €1,330
- Gross operating margin +€25,559
up €25,559 (+95.3%), from €26,819 to €52,378
- Taxes +€4,924
up €4,924 (+86.4%), from €5,698 to €10,621
- Financial charges +€1,225
up €1,225 (+169%), from €724 to €1,949
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 | €41,769 | €84,593 | +€42,824 | +103% |
| Fixed assets | 21/28 | €876 | €7,813 | +€6,937 | +792% |
| Tangible fixed assets | 22/27 | €876 | €7,813 | +€6,937 | +792% |
| Plant, machinery and equipment | 23 | €876 | €7,813 | +€6,937 | +792% |
| Current assets | 29/58 | €40,893 | €76,781 | +€35,888 | +87.8% |
| Amounts receivable within one year | 40/41 | €12,986 | €13,620 | +€634 | +4.9% |
| Trade receivables | 40 | €12,916 | €13,620 | +€704 | +5.4% |
| Other amounts receivable | 41 | €69 | €0 | -€69 | -100% |
| Cash at bank and in hand | 54/58 | €26,829 | €61,125 | +€34,296 | +128% |
| Deferred charges and accrued income | 490/1 | €1,078 | €2,035 | +€957 | +88.7% |
| Total equity and liabilities | 10/49 | €41,769 | €84,593 | +€42,824 | +103% |
| Equity | 10/15 | €21,986 | €60,632 | +€38,645 | +176% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €18,986 | €57,632 | +€38,645 | +204% |
| Distributable reserves | 133 | €18,986 | €57,632 | +€38,645 | +204% |
| Amounts payable | 17/49 | €19,783 | €23,962 | +€4,179 | +21.1% |
| Amounts payable within one year | 42/48 | €19,783 | €23,962 | +€4,179 | +21.1% |
| Financial debts | 43 | - | €841 | +€841 | |
| Credit institutions | 430/8 | - | €841 | +€841 | |
| Trade debts | 44 | €3,402 | €1,330 | -€2,072 | -60.9% |
| Suppliers | 440/4 | €3,402 | €1,330 | -€2,072 | -60.9% |
| Taxes, remuneration and social security | 45 | €11,919 | €19,879 | +€7,960 | +66.8% |
| Taxes | 450/3 | €11,919 | €19,879 | +€7,960 | +66.8% |
| Other amounts payable | 47/48 | €4,461 | €1,911 | -€2,550 | -57.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,425 | €990 | -€436 | -30.6% |
| Other operating charges | 640/8 | - | €173 | +€173 | |
| Gross operating margin | 9900 | €26,819 | €52,378 | +€25,559 | +95.3% |
| Operating profit (loss) | 9901 | €25,394 | €51,215 | +€25,822 | +102% |
| Financial income | 75/76B | €15 | €0 | -€15 | -97.6% |
| Recurring financial income | 75 | €15 | €0 | -€15 | -97.6% |
| Financial charges | 65/66B | €724 | €1,949 | +€1,225 | +169% |
| Recurring financial charges | 65 | €724 | €1,949 | +€1,225 | +169% |
| Profit (loss) for the period before taxes | 9903 | €24,684 | €49,267 | +€24,582 | +99.6% |
| Income taxes | 67/77 | €5,698 | €10,621 | +€4,924 | +86.4% |
| Profit (loss) for the period | 9904 | €18,986 | €38,645 | +€19,659 | +104% |
| Profit (loss) for the period to be appropriated | 9905 | €18,986 | €38,645 | +€19,659 | +104% |
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 14 October 2026 via checked.be.