MIGNOLET: 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.
MIGNOLET
Largest movements
- Current investments +€228,584
up €228,584 (+44.1%), from €518,202 to €746,786
- Cash -€149,950
down €149,950 (-96.0%), from €156,277 to €6,327
mainly Current investments (-€228,584) and Tax, wage and social debts (-€14,628)
- Receivables after one year -€11,051
down €11,051 (-3.6%), from €310,335 to €299,283
- Reserves +€77,500
up €77,500 (+8.6%), from €906,396 to €983,896
of which Distributable reserves: +€77,500
- Tax, wage and social debts -€14,628
no longer reported in 2025 (was €14,628)
- Financial income +€39,874
up €39,874 (+196.4%), from €20,298 to €60,172
- Taxes +€10,144
up €10,144 (+37.1%), from €27,336 to €37,480
- Gross operating margin -€7,877
down €7,877 (-10.4%), from €75,610 to €67,732
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 | €1,018,439 | €1,080,463 | +€62,025 | +6.1% |
| Current assets | 29/58 | €1,018,439 | €1,080,463 | +€62,025 | +6.1% |
| Amounts receivable after more than one year | 29 | €310,335 | €299,283 | -€11,051 | -3.6% |
| Other amounts receivable | 291 | €310,335 | €299,283 | -€11,051 | -3.6% |
| Amounts receivable within one year | 40/41 | €10,725 | €14,158 | +€3,433 | +32.0% |
| Other amounts receivable | 41 | €10,725 | €14,158 | +€3,433 | +32.0% |
| Current investments | 50/53 | €518,202 | €746,786 | +€228,584 | +44.1% |
| Cash at bank and in hand | 54/58 | €156,277 | €6,327 | -€149,950 | -96.0% |
| Deferred charges and accrued income | 490/1 | €22,900 | €13,910 | -€8,991 | -39.3% |
| Total equity and liabilities | 10/49 | €1,018,439 | €1,080,463 | +€62,025 | +6.1% |
| Equity | 10/15 | €925,580 | €1,003,694 | +€78,114 | +8.4% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €906,396 | €983,896 | +€77,500 | +8.6% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Other | 1319 | €1,859 | €1,859 | = | 0.0% |
| Distributable reserves | 133 | €904,537 | €982,037 | +€77,500 | +8.6% |
| Profit (loss) carried forward | 14 | €592 | €1,206 | +€614 | +103.7% |
| Amounts payable | 17/49 | €92,858 | €76,769 | -€16,089 | -17.3% |
| Amounts payable within one year | 42/48 | €92,858 | €76,769 | -€16,089 | -17.3% |
| Trade debts | 44 | €9 | €236 | +€228 | +2681.3% |
| Suppliers | 440/4 | €9 | €236 | +€228 | +2681.3% |
| Taxes, remuneration and social security | 45 | €14,628 | - | -€14,628 | |
| Taxes | 450/3 | €14,628 | - | -€14,628 | |
| Other amounts payable | 47/48 | €78,222 | €76,533 | -€1,689 | -2.2% |
| Other operating charges | 640/8 | €1,576 | €1,592 | +€16 | +1.0% |
| Gross operating margin | 9900 | €75,610 | €67,732 | -€7,877 | -10.4% |
| Operating profit (loss) | 9901 | €74,034 | €66,140 | -€7,894 | -10.7% |
| Financial income | 75/76B | €20,298 | €60,172 | +€39,874 | +196.4% |
| Recurring financial income | 75 | €20,298 | €60,172 | +€39,874 | +196.4% |
| Financial charges | 65/66B | €10,354 | €10,718 | +€364 | +3.5% |
| Recurring financial charges | 65 | €10,354 | €10,718 | +€364 | +3.5% |
| Profit (loss) for the period before taxes | 9903 | €83,978 | €115,594 | +€31,616 | +37.6% |
| Income taxes | 67/77 | €27,336 | €37,480 | +€10,144 | +37.1% |
| Profit (loss) for the period | 9904 | €56,642 | €78,114 | +€21,472 | +37.9% |
| Profit (loss) for the period to be appropriated | 9905 | €56,642 | €78,114 | +€21,472 | +37.9% |
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 10 October 2026 via checked.be.