MIGNON ET HUBERT: 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.
MIGNON ET HUBERT
Largest movements
- Cash +€147,543
up €147,543 (+597%), from €24,708 to €172,251
mainly Net result for the year (+€93,643) and Tax, wage and social debts (+€29,509)
- Tangible fixed assets -€34,962
down €34,962 (-74.4%), from €47,007 to €12,046
of which Furniture and vehicles: -€19,297
- Stocks and contracts -€10,425
down €10,425 (-100%), from €10,425 to €0
- Receivables within one year +€9,535
up €9,535 (+6.6%), from €145,063 to €154,598
of which Other amounts receivable: +€21,777
- Deferred charges and accrued income -€7,005
down €7,005 (-68.5%), from €10,224 to €3,219
- Reserves +€93,640
up €93,640 (+160%), from €58,650 to €152,290
- Tax, wage and social debts +€29,509
up €29,509 (+145%), from €20,396 to €49,905
of which Taxes: +€36,403
- Trade debts -€13,310
down €13,310 (-96.0%), from €13,865 to €555
- Other debts -€4,750
no longer reported in 2025 (was €4,750)
- Turnover -€325,728
down €325,728 (-93.4%), from €348,924 to €23,196
- Purchases and services -€128,906
down €128,906 (-58.2%), from €221,311 to €92,405
- Staff costs -€90,159
down €90,159 (-79.6%), from €113,203 to €23,045
- Taxes +€45,278
up €45,278 (+1,229%), from €3,685 to €48,964
- Gross operating margin +€32,300
up €32,300 (+25.3%), from €127,612 to €159,912
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 | €237,427 | €342,113 | +€104,686 | +44.1% |
| Fixed assets | 21/28 | €47,007 | €12,046 | -€34,962 | -74.4% |
| Tangible fixed assets | 22/27 | €47,007 | €12,046 | -€34,962 | -74.4% |
| Land and buildings | 22 | €13,514 | - | -€13,514 | |
| Plant, machinery and equipment | 23 | €2,469 | €318 | -€2,151 | -87.1% |
| Furniture and vehicles | 24 | €31,025 | €11,728 | -€19,297 | -62.2% |
| Current assets | 29/58 | €190,420 | €330,068 | +€139,648 | +73.3% |
| Stocks and contracts in progress | 3 | €10,425 | €0 | -€10,425 | -100% |
| Contracts in progress | 37 | €10,425 | €0 | -€10,425 | -100% |
| Amounts receivable within one year | 40/41 | €145,063 | €154,598 | +€9,535 | +6.6% |
| Trade receivables | 40 | €15,000 | €2,758 | -€12,242 | -81.6% |
| Other amounts receivable | 41 | €130,063 | €151,840 | +€21,777 | +16.7% |
| Cash at bank and in hand | 54/58 | €24,708 | €172,251 | +€147,543 | +597% |
| Deferred charges and accrued income | 490/1 | €10,224 | €3,219 | -€7,005 | -68.5% |
| Total equity and liabilities | 10/49 | €237,427 | €342,113 | +€104,686 | +44.1% |
| Equity | 10/15 | €198,416 | €291,653 | +€93,238 | +47.0% |
| Contributions | 10/11 | €49,500 | €49,500 | = | 0.0% |
| Reserves | 13 | €58,650 | €152,290 | +€93,640 | +160% |
| Distributable reserves | 133 | €58,650 | €152,290 | +€93,640 | +160% |
| Profit (loss) carried forward | 14 | €89,860 | €89,863 | +€3 | 0.0% |
| Investment grants | 15 | €406 | €0 | -€406 | -100% |
| Amounts payable | 17/49 | €39,011 | €50,460 | +€11,449 | +29.3% |
| Amounts payable within one year | 42/48 | €39,011 | €50,460 | +€11,449 | +29.3% |
| Trade debts | 44 | €13,865 | €555 | -€13,310 | -96.0% |
| Suppliers | 440/4 | €13,865 | €555 | -€13,310 | -96.0% |
| Taxes, remuneration and social security | 45 | €20,396 | €49,905 | +€29,509 | +145% |
| Taxes | 450/3 | €13,502 | €49,905 | +€36,403 | +270% |
| Remuneration and social security | 454/9 | €6,895 | - | -€6,895 | |
| Other amounts payable | 47/48 | €4,750 | - | -€4,750 | |
| Turnover | 70 | €348,924 | €23,196 | -€325,728 | -93.4% |
| Non-recurring operating income | 76A | - | €229,121 | +€229,121 | |
| Goods, raw materials, services and sundry goods | 60/61 | €221,311 | €92,405 | -€128,906 | -58.2% |
| Remuneration, social security and pensions | 62 | €113,203 | €23,045 | -€90,159 | -79.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,199 | €7,032 | -€16,166 | -69.7% |
| Other operating charges | 640/8 | €2,078 | €2,060 | -€17 | -0.8% |
| Gross operating margin | 9900 | €127,612 | €159,912 | +€32,300 | +25.3% |
| Operating profit (loss) | 9901 | -€10,867 | €127,775 | +€138,642 | |
| Financial income | 75/76B | €22,097 | €15,333 | -€6,764 | -30.6% |
| Recurring financial income | 75 | €22,097 | €15,333 | -€6,764 | -30.6% |
| Financial charges | 65/66B | €1,010 | €500 | -€509 | -50.4% |
| Recurring financial charges | 65 | €1,010 | €500 | -€509 | -50.4% |
| Profit (loss) for the period before taxes | 9903 | €10,220 | €142,607 | +€132,387 | +1,295% |
| Income taxes | 67/77 | €3,685 | €48,964 | +€45,278 | +1,229% |
| Profit (loss) for the period | 9904 | €6,535 | €93,643 | +€87,109 | +1,333% |
| Profit (loss) for the period to be appropriated | 9905 | €6,535 | €93,643 | +€87,109 | +1,333% |
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 22 October 2026 via checked.be.