MIN Services: 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.
MIN Services
Largest movements
- Tangible fixed assets -€16,680
down €16,680 (-23.9%), from €69,904 to €53,224
of which Furniture and vehicles: -€15,439
- Cash +€11,392
up €11,392 (+336.7%), from €3,384 to €14,776
mainly Depreciation (+€17,685) and Net result for the year (+€4,372)
- Stocks and contracts -€2,646
down €2,646 (-23.4%), from €11,315 to €8,669
- Current portion of long-term debt -€10,756
down €10,756 (-94.2%), from €11,424 to €667
- Profit (loss) carried forward +€4,372
up €4,372 (+23.0%), from €19,004 to €23,376
- Trade debts -€1,746
down €1,746 (-68.7%), from €2,543 to €797
- Gross operating margin +€9,210
up €9,210 (+53.6%), from €17,179 to €26,388
- Depreciation +€3,445
up €3,445 (+24.2%), from €14,240 to €17,685
- Other operating charges -€2,146
down €2,146 (-69.5%), from €3,088 to €942
- Taxes +€1,897
up €1,897 (+906.5%), from €209 to €2,107
- Financial charges -€511
down €511 (-27.3%), from €1,872 to €1,361
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 | €96,424 | €88,107 | -€8,317 | -8.6% |
| Formation expenses | 20 | €679 | €377 | -€303 | -44.6% |
| Fixed assets | 21/28 | €69,904 | €53,224 | -€16,680 | -23.9% |
| Tangible fixed assets | 22/27 | €69,904 | €53,224 | -€16,680 | -23.9% |
| Plant, machinery and equipment | 23 | €4,876 | €3,635 | -€1,241 | -25.4% |
| Furniture and vehicles | 24 | €65,027 | €49,589 | -€15,439 | -23.7% |
| Current assets | 29/58 | €25,841 | €34,506 | +€8,665 | +33.5% |
| Stocks and contracts in progress | 3 | €11,315 | €8,669 | -€2,646 | -23.4% |
| Stocks | 30/36 | €11,315 | €8,669 | -€2,646 | -23.4% |
| Amounts receivable within one year | 40/41 | €11,080 | €11,061 | -€19 | -0.2% |
| Trade receivables | 40 | €7,883 | €8,720 | +€837 | +10.6% |
| Other amounts receivable | 41 | €3,197 | €2,341 | -€856 | -26.8% |
| Cash at bank and in hand | 54/58 | €3,384 | €14,776 | +€11,392 | +336.7% |
| Deferred charges and accrued income | 490/1 | €62 | - | -€62 | |
| Total equity and liabilities | 10/49 | €96,424 | €88,107 | -€8,317 | -8.6% |
| Equity | 10/15 | €24,004 | €28,376 | +€4,372 | +18.2% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €19,004 | €23,376 | +€4,372 | +23.0% |
| Amounts payable | 17/49 | €72,420 | €59,731 | -€12,689 | -17.5% |
| Amounts payable after more than one year | 17 | €35,911 | €35,911 | = | 0.0% |
| Financial debts | 170/4 | €35,911 | €35,911 | = | 0.0% |
| Amounts payable within one year | 42/48 | €36,509 | €23,820 | -€12,689 | -34.8% |
| Current portion of amounts payable after more than one year | 42 | €11,424 | €667 | -€10,756 | -94.2% |
| Trade debts | 44 | €2,543 | €797 | -€1,746 | -68.7% |
| Suppliers | 440/4 | €2,543 | €797 | -€1,746 | -68.7% |
| Taxes, remuneration and social security | 45 | €3,009 | €2,107 | -€903 | -30.0% |
| Taxes | 450/3 | €3,009 | €2,107 | -€903 | -30.0% |
| Other amounts payable | 47/48 | €19,533 | €20,249 | +€716 | +3.7% |
| Non-recurring operating income | 76A | €2,810 | - | -€2,810 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,240 | €17,685 | +€3,445 | +24.2% |
| Other operating charges | 640/8 | €3,088 | €942 | -€2,146 | -69.5% |
| Non-recurring operating charges | 66A | - | €25 | +€25 | |
| Gross operating margin | 9900 | €17,179 | €26,388 | +€9,210 | +53.6% |
| Operating profit (loss) | 9901 | -€150 | €7,736 | +€7,886 | |
| Financial income | 75/76B | €337 | €104 | -€233 | -69.2% |
| Recurring financial income | 75 | €337 | €104 | -€233 | -69.2% |
| Financial charges | 65/66B | €1,872 | €1,361 | -€511 | -27.3% |
| Recurring financial charges | 65 | €1,872 | €1,361 | -€511 | -27.3% |
| Profit (loss) for the period before taxes | 9903 | -€1,685 | €6,479 | +€8,164 | |
| Income taxes | 67/77 | €209 | €2,107 | +€1,897 | +906.5% |
| Profit (loss) for the period | 9904 | -€1,894 | €4,372 | +€6,266 | |
| Profit (loss) for the period to be appropriated | 9905 | -€1,894 | €4,372 | +€6,266 |
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.