MINA: 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.
MINA
Largest movements
- Tangible fixed assets -€4,999
down €4,999 (-20.1%), from €24,849 to €19,850
of which Furniture and vehicles: -€4,999
- Cash -€3,963
down €3,963 (-24.6%), from €16,102 to €12,139
mainly Net result for the year (-€7,953) and Deferred charges and accrued income (-€642)
- Deferred charges and accrued income +€642
up €642 (+112.2%), from €572 to €1,214
- Receivables within one year +€573
up €573 (+65.7%), from €872 to €1,446
- Profit (loss) carried forward -€7,953
down €7,953 (-28.1%), from -€28,268 to -€36,220
- Trade debts +€511
up €511 (+15.0%), from €3,394 to €3,905
- Gross operating margin -€17,645
down €17,645 (-52.8%), from €33,410 to €15,765
- Staff costs -€12,298
down €12,298 (-46.0%), from €26,728 to €14,429
- Depreciation -€5,206
down €5,206 (-51.0%), from €10,205 to €4,999
- Other operating charges -€558
down €558 (-13.3%), from €4,212 to €3,654
- Financial income +€381
up €381 (+1200.7%), from €32 to €413
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 | €43,244 | €35,683 | -€7,560 | -17.5% |
| Fixed assets | 21/28 | €24,849 | €19,850 | -€4,999 | -20.1% |
| Tangible fixed assets | 22/27 | €24,849 | €19,850 | -€4,999 | -20.1% |
| Land and buildings | 22 | €17,350 | €17,350 | = | 0.0% |
| Furniture and vehicles | 24 | €7,499 | €2,500 | -€4,999 | -66.7% |
| Current assets | 29/58 | €18,395 | €15,834 | -€2,561 | -13.9% |
| Stocks and contracts in progress | 3 | €848 | €1,035 | +€186 | +21.9% |
| Stocks | 30/36 | €848 | €1,035 | +€186 | +21.9% |
| Amounts receivable within one year | 40/41 | €872 | €1,446 | +€573 | +65.7% |
| Other amounts receivable | 41 | €872 | €1,446 | +€573 | +65.7% |
| Cash at bank and in hand | 54/58 | €16,102 | €12,139 | -€3,963 | -24.6% |
| Deferred charges and accrued income | 490/1 | €572 | €1,214 | +€642 | +112.2% |
| Total equity and liabilities | 10/49 | €43,244 | €35,683 | -€7,560 | -17.5% |
| Equity | 10/15 | €35,631 | €27,678 | -€7,953 | -22.3% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €43,899 | €43,899 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2,000 | €2,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,000 | €2,000 | = | 0.0% |
| Distributable reserves | 133 | €41,899 | €41,899 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€28,268 | -€36,220 | -€7,953 | -28.1% |
| Amounts payable | 17/49 | €7,613 | €8,005 | +€392 | +5.1% |
| Amounts payable within one year | 42/48 | €7,547 | €7,939 | +€392 | +5.2% |
| Trade debts | 44 | €3,394 | €3,905 | +€511 | +15.0% |
| Suppliers | 440/4 | €3,394 | €3,905 | +€511 | +15.0% |
| Taxes, remuneration and social security | 45 | €3,723 | €4,034 | +€311 | +8.4% |
| Taxes | 450/3 | €238 | €2,024 | +€1,786 | +750.9% |
| Remuneration and social security | 454/9 | €3,486 | €2,011 | -€1,475 | -42.3% |
| Other amounts payable | 47/48 | €430 | - | -€430 | |
| Accrued charges and deferred income | 492/3 | €66 | €66 | = | 0.0% |
| Remuneration, social security and pensions | 62 | €26,728 | €14,429 | -€12,298 | -46.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,205 | €4,999 | -€5,206 | -51.0% |
| Other operating charges | 640/8 | €4,212 | €3,654 | -€558 | -13.3% |
| Gross operating margin | 9900 | €33,410 | €15,765 | -€17,645 | -52.8% |
| Operating profit (loss) | 9901 | -€7,735 | -€7,318 | +€418 | +5.4% |
| Financial income | 75/76B | €32 | €413 | +€381 | +1200.7% |
| Recurring financial income | 75 | €32 | €413 | +€381 | +1200.7% |
| Financial charges | 65/66B | €967 | €848 | -€118 | -12.2% |
| Recurring financial charges | 65 | €967 | €848 | -€118 | -12.2% |
| Profit (loss) for the period before taxes | 9903 | -€8,670 | -€7,753 | +€917 | +10.6% |
| Income taxes | 67/77 | €193 | €200 | +€7 | +3.7% |
| Profit (loss) for the period | 9904 | -€8,863 | -€7,953 | +€910 | +10.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€8,863 | -€7,953 | +€910 | +10.3% |
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 10 October 2026 via checked.be.