MIGNON: 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.
MIGNON
Largest movements
- Receivables within one year +€103,175
up €103,175 (+103.7%), from €99,531 to €202,707
of which Other amounts receivable: +€85,232
- Tangible fixed assets +€43,914
up €43,914 (+37.0%), from €118,547 to €162,461
of which Plant, machinery and equipment: +€49,317
- Receivables after one year -€28,609
down €28,609 (-100.0%), from €28,609 to €0
- Other debts +€181,900
new in 2025: €181,900
- Reserves -€96,355
down €96,355 (-41.1%), from €234,261 to €137,906
- Debts after one year +€15,625
up €15,625 (+30.1%), from €51,841 to €67,466
of which Financial debts: +€18,849
- Trade debts +€11,488
up €11,488 (+278.0%), from €4,133 to €15,621
- Gross operating margin +€8,125
up €8,125 (+4.5%), from €180,904 to €189,029
- Taxes -€5,854
down €5,854 (-18.1%), from €32,372 to €26,518
- Depreciation +€2,582
up €2,582 (+21.9%), from €11,778 to €14,360
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 | €349,136 | €462,945 | +€113,808 | +32.6% |
| Fixed assets | 21/28 | €123,263 | €167,177 | +€43,914 | +35.6% |
| Tangible fixed assets | 22/27 | €118,547 | €162,461 | +€43,914 | +37.0% |
| Land and buildings | 22 | €97,975 | €90,982 | -€6,994 | -7.1% |
| Plant, machinery and equipment | 23 | €18,660 | €67,978 | +€49,317 | +264.3% |
| Furniture and vehicles | 24 | €1,911 | €1,302 | -€609 | -31.9% |
| Other tangible fixed assets | 26 | - | €2,200 | +€2,200 | |
| Financial fixed assets | 28 | €4,716 | €4,716 | = | 0.0% |
| Current assets | 29/58 | €225,873 | €295,767 | +€69,894 | +30.9% |
| Amounts receivable after more than one year | 29 | €28,609 | €0 | -€28,609 | -100.0% |
| Other amounts receivable | 291 | €28,609 | €0 | -€28,609 | -100.0% |
| Amounts receivable within one year | 40/41 | €99,531 | €202,707 | +€103,175 | +103.7% |
| Trade receivables | 40 | - | €17,943 | +€17,943 | |
| Other amounts receivable | 41 | €99,531 | €184,764 | +€85,232 | +85.6% |
| Current investments | 50/53 | €24,594 | €24,594 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €57,145 | €56,366 | -€778 | -1.4% |
| Deferred charges and accrued income | 490/1 | €15,994 | €12,101 | -€3,894 | -24.3% |
| Total equity and liabilities | 10/49 | €349,136 | €462,945 | +€113,808 | +32.6% |
| Equity | 10/15 | €252,861 | €156,506 | -€96,355 | -38.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €234,261 | €137,906 | -€96,355 | -41.1% |
| Distributable reserves | 133 | €234,261 | €137,906 | -€96,355 | -41.1% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €96,276 | €306,439 | +€210,163 | +218.3% |
| Amounts payable after more than one year | 17 | €51,841 | €67,466 | +€15,625 | +30.1% |
| Financial debts | 170/4 | €9,929 | €28,778 | +€18,849 | +189.8% |
| Other amounts payable | 178/9 | €41,912 | €38,688 | -€3,224 | -7.7% |
| Amounts payable within one year | 42/48 | €41,935 | €234,397 | +€192,463 | +459.0% |
| Current portion of amounts payable after more than one year | 42 | €17,775 | €19,726 | +€1,951 | +11.0% |
| Financial debts | 43 | €11,886 | €8,469 | -€3,417 | -28.8% |
| Credit institutions | 430/8 | €11,886 | €8,469 | -€3,417 | -28.8% |
| Trade debts | 44 | €4,133 | €15,621 | +€11,488 | +278.0% |
| Suppliers | 440/4 | €4,133 | €15,621 | +€11,488 | +278.0% |
| Taxes, remuneration and social security | 45 | €8,140 | €8,681 | +€541 | +6.6% |
| Taxes | 450/3 | - | €1,514 | +€1,514 | |
| Remuneration and social security | 454/9 | €8,140 | €7,167 | -€973 | -12.0% |
| Other amounts payable | 47/48 | - | €181,900 | +€181,900 | |
| Accrued charges and deferred income | 492/3 | €2,500 | €4,575 | +€2,075 | +83.0% |
| Non-recurring operating income | 76A | €603 | €0 | -€603 | -100.0% |
| Remuneration, social security and pensions | 62 | €61,648 | €62,209 | +€560 | +0.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,778 | €14,360 | +€2,582 | +21.9% |
| Other operating charges | 640/8 | €2,565 | €3,737 | +€1,172 | +45.7% |
| Gross operating margin | 9900 | €180,904 | €189,029 | +€8,125 | +4.5% |
| Operating profit (loss) | 9901 | €104,914 | €108,724 | +€3,811 | +3.6% |
| Financial income | 75/76B | €6,608 | €7,599 | +€991 | +15.0% |
| Recurring financial income | 75 | €6,608 | €7,599 | +€991 | +15.0% |
| Financial charges | 65/66B | €4,900 | €4,260 | -€640 | -13.1% |
| Recurring financial charges | 65 | €4,900 | €4,260 | -€640 | -13.1% |
| Profit (loss) for the period before taxes | 9903 | €106,622 | €112,064 | +€5,442 | +5.1% |
| Income taxes | 67/77 | €32,372 | €26,518 | -€5,854 | -18.1% |
| Profit (loss) for the period | 9904 | €74,250 | €85,546 | +€11,296 | +15.2% |
| Profit (loss) for the period to be appropriated | 9905 | €74,250 | €85,546 | +€11,296 | +15.2% |
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.