MIGNOLET BART: 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.
MIGNOLET BART
Largest movements
- Tangible fixed assets -€39,632
down €39,632 (-31.9%), from €124,183 to €84,551
of which Furniture and vehicles: -€20,488
- Receivables within one year +€30,945
up €30,945 (+51.3%), from €60,349 to €91,294
of which Trade receivables: +€23,445
- Cash -€29,461
down €29,461 (-53.9%), from €54,675 to €25,215
mainly Receivables within one year (-€30,945) and Tax, wage and social debts (-€17,828)
- Tax, wage and social debts -€17,828
down €17,828 (-83.0%), from €21,485 to €3,657
- Debts after one year -€10,435
no longer reported in 2025 (was €10,435)
- Trade debts -€4,068
down €4,068 (-65.5%), from €6,215 to €2,147
- Other debts -€4,024
down €4,024 (-6.9%), from €58,044 to €54,020
- Profit (loss) carried forward -€3,650
down €3,650 (-67.0%), from -€5,449 to -€9,099
- Gross operating margin -€6,954
down €6,954 (-13.5%), from €51,601 to €44,647
- Financial charges -€4,696
down €4,696 (-80.8%), from €5,812 to €1,116
- Depreciation +€2,276
up €2,276 (+5.4%), from €42,133 to €44,409
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 | €249,623 | €209,831 | -€39,792 | -15.9% |
| Fixed assets | 21/28 | €124,183 | €84,551 | -€39,632 | -31.9% |
| Tangible fixed assets | 22/27 | €124,183 | €84,551 | -€39,632 | -31.9% |
| Land and buildings | 22 | €6,027 | €3,883 | -€2,144 | -35.6% |
| Plant, machinery and equipment | 23 | €50,098 | €33,098 | -€17,000 | -33.9% |
| Furniture and vehicles | 24 | €68,058 | €47,570 | -€20,488 | -30.1% |
| Current assets | 29/58 | €125,440 | €125,280 | -€160 | -0.1% |
| Stocks and contracts in progress | 3 | €8,661 | €6,317 | -€2,344 | -27.1% |
| Stocks | 30/36 | - | €876 | +€876 | |
| Contracts in progress | 37 | €8,661 | €5,441 | -€3,220 | -37.2% |
| Amounts receivable within one year | 40/41 | €60,349 | €91,294 | +€30,945 | +51.3% |
| Trade receivables | 40 | €52,864 | €76,309 | +€23,445 | +44.4% |
| Other amounts receivable | 41 | €7,485 | €14,985 | +€7,500 | +100.2% |
| Cash at bank and in hand | 54/58 | €54,675 | €25,215 | -€29,461 | -53.9% |
| Deferred charges and accrued income | 490/1 | €1,755 | €2,455 | +€700 | +39.9% |
| Total equity and liabilities | 10/49 | €249,623 | €209,831 | -€39,792 | -15.9% |
| Equity | 10/15 | €143,222 | €139,572 | -€3,650 | -2.5% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €136,271 | €136,271 | = | 0.0% |
| Distributable reserves | 133 | €136,271 | €136,271 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€5,449 | -€9,099 | -€3,650 | -67.0% |
| Amounts payable | 17/49 | €106,401 | €70,259 | -€36,142 | -34.0% |
| Amounts payable after more than one year | 17 | €10,435 | - | -€10,435 | |
| Financial debts | 170/4 | €10,435 | - | -€10,435 | |
| Amounts payable within one year | 42/48 | €95,739 | €70,259 | -€25,480 | -26.6% |
| Current portion of amounts payable after more than one year | 42 | €9,995 | €10,435 | +€440 | +4.4% |
| Trade debts | 44 | €6,215 | €2,147 | -€4,068 | -65.5% |
| Suppliers | 440/4 | €6,215 | €2,147 | -€4,068 | -65.5% |
| Taxes, remuneration and social security | 45 | €21,485 | €3,657 | -€17,828 | -83.0% |
| Taxes | 450/3 | €21,485 | €3,657 | -€17,828 | -83.0% |
| Other amounts payable | 47/48 | €58,044 | €54,020 | -€4,024 | -6.9% |
| Accrued charges and deferred income | 492/3 | €228 | - | -€228 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €42,133 | €44,409 | +€2,276 | +5.4% |
| Other operating charges | 640/8 | €2,659 | €2,772 | +€113 | +4.3% |
| Gross operating margin | 9900 | €51,601 | €44,647 | -€6,954 | -13.5% |
| Operating profit (loss) | 9901 | €6,808 | -€2,535 | -€9,343 | |
| Financial income | 75/76B | €11 | €1 | -€10 | -89.8% |
| Recurring financial income | 75 | €11 | €1 | -€10 | -89.8% |
| Financial charges | 65/66B | €5,812 | €1,116 | -€4,696 | -80.8% |
| Recurring financial charges | 65 | €5,812 | €1,116 | -€4,696 | -80.8% |
| Profit (loss) for the period before taxes | 9903 | €1,007 | -€3,650 | -€4,657 | |
| Income taxes | 67/77 | €105 | - | -€105 | |
| Profit (loss) for the period | 9904 | €902 | -€3,650 | -€4,552 | |
| Profit (loss) for the period to be appropriated | 9905 | €902 | -€3,650 | -€4,552 |
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 29 September 2026 via checked.be.