MINA: 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.
MINA
Largest movements
- Receivables within one year +€22,773
up €22,773 (+229.8%), from €9,911 to €32,684
of which Trade receivables: +€23,304
- Tangible fixed assets -€4,336
down €4,336 (-24.5%), from €17,701 to €13,366
of which Furniture and vehicles: -€3,014
- Cash +€3,841
up €3,841 (+220.3%), from €1,743 to €5,584
mainly Net result for the year (+€19,097) and Tax, wage and social debts (+€6,586)
- Deferred charges and accrued income -€1,690
no longer reported in 2025 (was €1,690)
- Profit (loss) carried forward +€10,406
up €10,406 (+115.0%), from €9,047 to €19,453
- Tax, wage and social debts +€6,586
up €6,586 (+99.1%), from €6,642 to €13,228
of which Remuneration and social security: +€3,496
- Trade debts +€4,025
up €4,025 (+75.7%), from €5,319 to €9,344
- Turnover -€163,994
no longer reported in 2025 (was €163,994)
- Purchases and services -€129,808
no longer reported in 2025 (was €129,808)
- Gross operating margin +€24,025
up €24,025 (+70.3%), from €34,187 to €58,211
- Staff costs +€4,865
up €4,865 (+19.6%), from €24,876 to €29,742
- Depreciation +€2,915
up €2,915 (+205.2%), from €1,421 to €4,336
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 | €32,404 | €52,993 | +€20,588 | +63.5% |
| Fixed assets | 21/28 | €17,776 | €13,440 | -€4,336 | -24.4% |
| Intangible fixed assets | 21 | €0 | €0 | = | |
| Tangible fixed assets | 22/27 | €17,701 | €13,366 | -€4,336 | -24.5% |
| Plant, machinery and equipment | 23 | €2,732 | €1,410 | -€1,322 | -48.4% |
| Furniture and vehicles | 24 | €14,969 | €11,956 | -€3,014 | -20.1% |
| Financial fixed assets | 28 | €75 | €75 | = | 0.0% |
| Current assets | 29/58 | €14,629 | €39,553 | +€24,924 | +170.4% |
| Stocks and contracts in progress | 3 | €1,285 | €1,285 | = | 0.0% |
| Stocks | 30/36 | €1,285 | €1,285 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €9,911 | €32,684 | +€22,773 | +229.8% |
| Trade receivables | 40 | €0 | €23,304 | +€23,304 | |
| Other amounts receivable | 41 | €9,911 | €9,380 | -€531 | -5.4% |
| Cash at bank and in hand | 54/58 | €1,743 | €5,584 | +€3,841 | +220.3% |
| Deferred charges and accrued income | 490/1 | €1,690 | - | -€1,690 | |
| Total equity and liabilities | 10/49 | €32,404 | €52,993 | +€20,588 | +63.5% |
| Equity | 10/15 | €17,515 | €27,921 | +€10,406 | +59.4% |
| Contributions | 10/11 | €7,395 | €7,395 | = | 0.0% |
| Reserves | 13 | €1,073 | €1,073 | = | 0.0% |
| Distributable reserves | 133 | €1,073 | €1,073 | = | 0.0% |
| Profit (loss) carried forward | 14 | €9,047 | €19,453 | +€10,406 | +115.0% |
| Amounts payable | 17/49 | €14,889 | €25,072 | +€10,182 | +68.4% |
| Amounts payable within one year | 42/48 | €14,461 | €25,072 | +€10,611 | +73.4% |
| Trade debts | 44 | €5,319 | €9,344 | +€4,025 | +75.7% |
| Suppliers | 440/4 | €5,319 | €9,344 | +€4,025 | +75.7% |
| Taxes, remuneration and social security | 45 | €6,642 | €13,228 | +€6,586 | +99.1% |
| Taxes | 450/3 | €0 | €3,089 | +€3,089 | |
| Remuneration and social security | 454/9 | €6,642 | €10,138 | +€3,496 | +52.6% |
| Other amounts payable | 47/48 | €2,500 | €2,500 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €428 | - | -€428 | |
| Turnover | 70 | €163,994 | - | -€163,994 | |
| Goods, raw materials, services and sundry goods | 60/61 | €129,808 | - | -€129,808 | |
| Remuneration, social security and pensions | 62 | €24,876 | €29,742 | +€4,865 | +19.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,421 | €4,336 | +€2,915 | +205.2% |
| Other operating charges | 640/8 | €3,048 | €2,928 | -€120 | -4.0% |
| Gross operating margin | 9900 | €34,187 | €58,211 | +€24,025 | +70.3% |
| Operating profit (loss) | 9901 | €4,842 | €21,206 | +€16,365 | +338.0% |
| Financial income | 75/76B | - | €494 | +€494 | |
| Recurring financial income | 75 | - | €494 | +€494 | |
| Financial charges | 65/66B | €2,427 | €2,604 | +€177 | +7.3% |
| Recurring financial charges | 65 | €2,427 | €2,604 | +€177 | +7.3% |
| Profit (loss) for the period before taxes | 9903 | €2,415 | €19,097 | +€16,682 | +690.9% |
| Profit (loss) for the period | 9904 | €2,415 | €19,097 | +€16,682 | +690.9% |
| Profit (loss) for the period to be appropriated | 9905 | €2,415 | €19,097 | +€16,682 | +690.9% |
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 6 October 2026 via checked.be.