MIN CONSTRUCT: 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.
MIN CONSTRUCT
Largest movements
- Receivables within one year +€88,447
up €88,447 (+42.2%), from €209,747 to €298,194
of which Other amounts receivable: +€64,518
- Cash -€24,284
down €24,284 (-54.2%), from €44,821 to €20,537
mainly Receivables within one year (-€88,447) and Trade debts (-€13,657)
- Profit (loss) carried forward +€81,767
up €81,767 (+43.3%), from €188,811 to €270,578
- Trade debts -€13,657
no longer reported in 2025 (was €13,657)
- Tax, wage and social debts -€5,287
down €5,287 (-9.6%), from €55,303 to €50,016
of which Remuneration and social security: -€9,907
- Staff costs -€34,764
no longer reported in 2025 (was €34,764)
- Gross operating margin -€7,749
down €7,749 (-7.7%), from €101,209 to €93,460
- Financial income +€4,612
up €4,612 (+48.8%), from €9,448 to €14,060
- Taxes +€4,461
up €4,461 (+22.2%), from €20,122 to €24,583
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 | €257,881 | €320,705 | +€62,824 | +24.4% |
| Fixed assets | 21/28 | €2,209 | €1,707 | -€502 | -22.7% |
| Tangible fixed assets | 22/27 | €709 | €207 | -€502 | -70.8% |
| Plant, machinery and equipment | 23 | - | €207 | +€207 | |
| Furniture and vehicles | 24 | €709 | - | -€709 | |
| Financial fixed assets | 28 | €1,500 | €1,500 | = | 0.0% |
| Current assets | 29/58 | €255,672 | €318,998 | +€63,326 | +24.8% |
| Amounts receivable within one year | 40/41 | €209,747 | €298,194 | +€88,447 | +42.2% |
| Trade receivables | 40 | €7,479 | €31,408 | +€23,929 | +319.9% |
| Other amounts receivable | 41 | €202,268 | €266,786 | +€64,518 | +31.9% |
| Cash at bank and in hand | 54/58 | €44,821 | €20,537 | -€24,284 | -54.2% |
| Deferred charges and accrued income | 490/1 | €1,104 | €267 | -€837 | -75.8% |
| Total equity and liabilities | 10/49 | €257,881 | €320,705 | +€62,824 | +24.4% |
| Equity | 10/15 | €188,921 | €270,688 | +€81,767 | +43.3% |
| Contributions | 10/11 | €100 | €100 | = | 0.0% |
| Capital | 10 | €100 | €100 | = | 0.0% |
| Issued capital | 100 | €100 | €100 | = | 0.0% |
| Reserves | 13 | €10 | €10 | = | 0.0% |
| Non-distributable reserves | 130/1 | €10 | €10 | = | 0.0% |
| Legal reserve | 130 | €10 | €10 | = | 0.0% |
| Profit (loss) carried forward | 14 | €188,811 | €270,578 | +€81,767 | +43.3% |
| Amounts payable | 17/49 | €68,960 | €50,016 | -€18,944 | -27.5% |
| Amounts payable within one year | 42/48 | €68,960 | €50,016 | -€18,944 | -27.5% |
| Trade debts | 44 | €13,657 | - | -€13,657 | |
| Suppliers | 440/4 | €13,657 | - | -€13,657 | |
| Taxes, remuneration and social security | 45 | €55,303 | €50,016 | -€5,287 | -9.6% |
| Taxes | 450/3 | €44,730 | €49,351 | +€4,621 | +10.3% |
| Remuneration and social security | 454/9 | €10,573 | €666 | -€9,907 | -93.7% |
| Remuneration, social security and pensions | 62 | €34,764 | - | -€34,764 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,039 | €502 | -€537 | -51.7% |
| Other operating charges | 640/8 | €658 | €519 | -€139 | -21.1% |
| Gross operating margin | 9900 | €101,209 | €93,460 | -€7,749 | -7.7% |
| Operating profit (loss) | 9901 | €64,748 | €92,439 | +€27,691 | +42.8% |
| Financial income | 75/76B | €9,448 | €14,060 | +€4,612 | +48.8% |
| Recurring financial income | 75 | €9,448 | €14,060 | +€4,612 | +48.8% |
| Financial charges | 65/66B | €154 | €148 | -€6 | -3.6% |
| Recurring financial charges | 65 | €154 | €148 | -€6 | -3.6% |
| Profit (loss) for the period before taxes | 9903 | €74,042 | €106,350 | +€32,308 | +43.6% |
| Income taxes | 67/77 | €20,122 | €24,583 | +€4,461 | +22.2% |
| Profit (loss) for the period | 9904 | €53,920 | €81,767 | +€27,847 | +51.6% |
| Profit (loss) for the period to be appropriated | 9905 | €53,920 | €81,767 | +€27,847 | +51.6% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 11 October 2026 via checked.be.