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
- Stocks and contracts +€22,672
up €22,672 (+180.7%), from €12,550 to €35,222
- Cash -€5,746
down €5,746 (-42.1%), from €13,652 to €7,906
mainly Stocks and contracts (-€22,672) and Other debts (-€4,196)
- Tangible fixed assets -€2,661
no longer reported in 2025 (was €2,661)
- Tax, wage and social debts +€15,046
up €15,046 (+10824.5%), from €139 to €15,185
of which Remuneration and social security: +€15,047
- Profit (loss) carried forward +€7,017
up €7,017 (+34.4%), from -€20,378 to -€13,361
- Other debts -€4,196
down €4,196 (-8.4%), from €49,893 to €45,697
- Current portion of long-term debt -€3,525
down €3,525 (-61.8%), from €5,708 to €2,183
- Staff costs +€20,511
new in 2025: €20,511
- Gross operating margin +€20,383
up €20,383 (+128.4%), from €15,876 to €36,259
- Other operating charges +€2,406
up €2,406 (+159.4%), from €1,509 to €3,915
- Financial charges -€1,354
down €1,354 (-89.8%), from €1,507 to €153
- Taxes +€1,217
up €1,217 (+155.0%), from €785 to €2,002
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 | €44,530 | €59,353 | +€14,823 | +33.3% |
| Fixed assets | 21/28 | €2,661 | - | -€2,661 | |
| Tangible fixed assets | 22/27 | €2,661 | - | -€2,661 | |
| Furniture and vehicles | 24 | €2,661 | - | -€2,661 | |
| Current assets | 29/58 | €41,869 | €59,353 | +€17,484 | +41.8% |
| Stocks and contracts in progress | 3 | €12,550 | €35,222 | +€22,672 | +180.7% |
| Stocks | 30/36 | €12,550 | €35,222 | +€22,672 | +180.7% |
| Amounts receivable within one year | 40/41 | €15,667 | €16,225 | +€558 | +3.6% |
| Trade receivables | 40 | €12,300 | €12,300 | = | 0.0% |
| Other amounts receivable | 41 | €3,367 | €3,925 | +€558 | +16.6% |
| Cash at bank and in hand | 54/58 | €13,652 | €7,906 | -€5,746 | -42.1% |
| Total equity and liabilities | 10/49 | €44,530 | €59,353 | +€14,823 | +33.3% |
| Equity | 10/15 | -€11,378 | -€4,361 | +€7,017 | +61.7% |
| Contributions | 10/11 | €9,000 | €9,000 | = | 0.0% |
| Capital | 10 | €9,000 | €9,000 | = | 0.0% |
| Issued capital | 100 | €9,000 | €9,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€20,378 | -€13,361 | +€7,017 | +34.4% |
| Amounts payable | 17/49 | €55,908 | €63,714 | +€7,806 | +14.0% |
| Amounts payable within one year | 42/48 | €55,908 | €63,714 | +€7,806 | +14.0% |
| Current portion of amounts payable after more than one year | 42 | €5,708 | €2,183 | -€3,525 | -61.8% |
| Trade debts | 44 | €168 | €649 | +€481 | +286.3% |
| Suppliers | 440/4 | €168 | €649 | +€481 | +286.3% |
| Taxes, remuneration and social security | 45 | €139 | €15,185 | +€15,046 | +10824.5% |
| Taxes | 450/3 | €139 | €138 | -€1 | -0.7% |
| Remuneration and social security | 454/9 | - | €15,047 | +€15,047 | |
| Other amounts payable | 47/48 | €49,893 | €45,697 | -€4,196 | -8.4% |
| Remuneration, social security and pensions | 62 | - | €20,511 | +€20,511 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,207 | €2,661 | -€546 | -17.0% |
| Other operating charges | 640/8 | €1,509 | €3,915 | +€2,406 | +159.4% |
| Gross operating margin | 9900 | €15,876 | €36,259 | +€20,383 | +128.4% |
| Operating profit (loss) | 9901 | €11,160 | €9,172 | -€1,988 | -17.8% |
| Financial charges | 65/66B | €1,507 | €153 | -€1,354 | -89.8% |
| Recurring financial charges | 65 | €1,507 | €153 | -€1,354 | -89.8% |
| Profit (loss) for the period before taxes | 9903 | €9,653 | €9,019 | -€634 | -6.6% |
| Income taxes | 67/77 | €785 | €2,002 | +€1,217 | +155.0% |
| Profit (loss) for the period | 9904 | €8,868 | €7,017 | -€1,851 | -20.9% |
| Profit (loss) for the period to be appropriated | 9905 | €8,868 | €7,017 | -€1,851 | -20.9% |
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 10 October 2026 via checked.be.